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Topic: Newbie trader be like (Read 614 times)

legendary
Activity: 1344
Merit: 1001
November 10, 2019, 09:31:18 AM
#91
As you mentioned patience and at the same time plans play an important role in this world. While trading you have to follow the situation, that is why, the market is changeable and without a plan, you can not get success. My first trading was simple and step by step l have learned that l need some new strategy.
hero member
Activity: 1974
Merit: 539
Leading Crypto Sports Betting & Casino Platform
November 10, 2019, 08:09:45 AM
#87
I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

I always bear losses whenever I went for short term trading. You can have luck once or twice but not all the time.
Go for long term investment, if you really want to get huge profits.
member
Activity: 487
Merit: 10
November 10, 2019, 07:54:30 AM
#86
I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

You cant be more right. Successful traders are studious individual with great amount of patience and strategy. You have to know what works best for you and develop yours. If possible, you can mirror the paths of good traders with proven track record too to minimise risks if you are still a newbie and loosing too much money
copper member
Activity: 370
Merit: 1
November 10, 2019, 07:31:05 AM
#85
that's the process to become a professional trader. keep looking for experience and learn something new and a mindset that is scheduled so that when trading can minimize losses.
sr. member
Activity: 658
Merit: 256
Freshdice.com
November 10, 2019, 07:30:00 AM
#84
I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.
That's the good part, you've learned something. Simply, that's the process of becoming better from something you are doing. Trading is just that complex that even the old ones in this activity are making mistakes. The best part in trading is consistency on earning profit unlike on investment wherein when the market goes down, profit is hard to earn, while in trading, you only need to make good choices. Just be patient and not to be frustrated of the market situation and you would be successful in trading.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
November 10, 2019, 07:18:51 AM
#83
Not only plan and patience, but knowledge is also important to read where the direction will run. If we only trade with instinct and patience just like gambling.
So the science of trading is important accompanied by plans and patience in order not to waste our funds too much when experiencing losses.
sr. member
Activity: 575
Merit: 268
Changing the game
November 10, 2019, 06:55:34 AM
#82
It is very unfortunate to spend money on trading which without planning and targets. Maybe this does not apply to people who do have a myriad of money hehehe. But based on your story, it is true that without plans everything can be chaotic, especially when we are trading, or may be called Blind Trading, do not know the potential and when to buy, when to sell, just stop buying coins. but from there we can get valuable experience. I salute you.
sr. member
Activity: 1120
Merit: 251
November 10, 2019, 06:08:58 AM
#81

trading must have planning every time we will do it. It must be clear how much profit you will get and how much is your stop loss. It's the same with crypto if we want to trade, we must have profit and minus. This is if we really want to become a reliable player. If you only rely on luck alone in trading, then it's better you just don't need to do trading.
hero member
Activity: 1624
Merit: 500
November 10, 2019, 05:53:41 AM
#80
It seems like you have already realize your mistake, I'm sure you will improve and I know you have a chance because you don't easily give up.
Just take it easy, it's normal that newbie will tend to make more mistakes but what's necessary is you improve along the way.

Investing or trading here is not a race, what's necessary is you end up profitable whether you end in short or long term journey.
such failures will indeed improve the quality of someone in business or trading. the example he feels that trading requires a plan. it proves that its ability is upgraded.

Because of that, try to focus more on doing it. Such failure can occur because you feel it is a trial. Trading with a very focused and attentive to charts that occur from time to time may make you aware of signals that have not even been found by others. keep learning and not giving up easily is what is needed in this business.
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
November 10, 2019, 05:21:35 AM
#79
To start trading by yourself without experience and without any knowledge is too big a risk and most likely you will lose all your money and therefore I always advise you to start trading with experienced traders in order to gain experience and then start trading by yourself without any help.
Yes, It is like getting into a war without firearms and experience on how to fight. It is risky in a way of not knowing the next possible action to take.

Start trading with others? you mean he should get along with the tricks of other traders? It is not a good way to start trading, it is like getting yourself stuck in the back of someone for some time. It is better to learn and do research, getting enough knowledge is much better to avoid having a loss.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
November 10, 2019, 04:18:19 AM
#78
It seems like you have already realize your mistake, I'm sure you will improve and I know you have a chance because you don't easily give up.
Just take it easy, it's normal that newbie will tend to make more mistakes but what's necessary is you improve along the way.

Investing or trading here is not a race, what's necessary is you end up profitable whether you end in short or long term journey.
member
Activity: 1764
Merit: 10
November 10, 2019, 04:04:24 AM
#77
To start trading by yourself without experience and without any knowledge is too big a risk and most likely you will lose all your money and therefore I always advise you to start trading with experienced traders in order to gain experience and then start trading by yourself without any help.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 10, 2019, 03:33:17 AM
#76
I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.
not just plans, but also information. you might be able to easily devise a plan like "buy when you go down and sell it when you go up", it's a very general plan, or buy when the price goes down a few percents without and wait for it to go up without any information. prioritizing information is far more important to support the success of a plan.
sr. member
Activity: 868
Merit: 333
November 10, 2019, 03:30:40 AM
#75
I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

Patience is the main virtue a new trader lacks. They seem to make many quick trades in and out that just wastes the trading fees without making any profit. Plan your actions and go with the plan. Market trend may change your plan but don't hurry to sell on loss when the market is having a fall.
We've seen a quick rise after each fall and it's a good idea to buy after 24 hours of a decreasing market.
Most of the time, newbies are always making a mistake because of being indecisive or making quick decisions. It is true that patience is one of the key to have a successful trade. Having an action plan will also help to avoid unnecessary selling of trades and will help a trader to make an advance plan .

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.
It is necessary to first understand how to trade in cryptocurrency before deciding to trade. And for beginners, I would suggest starting with a small amount of money and don't forget to observe the movement of the market charts to determine when it is appropriate to start and determine the decisions that will take later and it is better to ask for advice to some of the people closest to you before starting to trade.

Yes, because without proper knowledge, your investment will be put to waste. Gain experience and knowledge before spending a lot of capital to avoid unnecessary losses.
Asking someones advice is also fine, it helps a newbie to make his own decision when he starts to trade on his own.
legendary
Activity: 1344
Merit: 1001
November 10, 2019, 03:19:28 AM
#74
without a plan anything can be detrimental , trader needs a lot of lessons including planning and patience not only that mate a trader must also have a deep understanding of the situation or conditions that are in the price pattern ,experience is more important than so you will not fall as you have occur
Agreed. People see trading as something what can be done by everyone. What is difficult on trading right? And after that you see statistic that around 90% of traders are in a loss, while only 10% of them are in a profit. It it because these 10% people are educated? Of course!
It is not only about the education and the management, the trading skills are not given to every trader as a gift. Some people's capacity is higher than average due to the education background and the risk estimations. 90% of crypto traders have no emotional control and their profit curve tends to go down in bad market conditions. The loonger mastering crypto markets takes, the higher chances occur to lose in the game of whales.
sr. member
Activity: 966
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
November 10, 2019, 02:34:46 AM
#73
I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.
It is necessary to first understand how to trade in cryptocurrency before deciding to trade. And for beginners, I would suggest starting with a small amount of money and don't forget to observe the movement of the market charts to determine when it is appropriate to start and determine the decisions that will take later and it is better to ask for advice to some of the people closest to you before starting to trade.
legendary
Activity: 3150
Merit: 1069
November 10, 2019, 02:14:02 AM
#72
I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

Patience is the main virtue a new trader lacks. They seem to make many quick trades in and out that just wastes the trading fees without making any profit. Plan your actions and go with the plan. Market trend may change your plan but don't hurry to sell on loss when the market is having a fall.
We've seen a quick rise after each fall and it's a good idea to buy after 24 hours of a decreasing market.
full member
Activity: 1750
Merit: 118
November 10, 2019, 02:08:24 AM
#71
thats right . never stop easily because what you have experience might only be a trial  . a trial to train you to be a better trader  but you said you already waste alot of money  ?  that simply means that you are betting too much   . so my only suggestion is that dont bet too much but bet only small because you might be a newbie on this trading business .  plans , patience are nothing if you will not follow them  .  this is why you also need a strong self control to   not get distracted so easily
full member
Activity: 1008
Merit: 101
November 10, 2019, 01:55:53 AM
#70
I think that the most important thing for a trader is the skill of trading, not the plan. However, the plan is also very important. When I was in trade, I lost a lot when I did not have a plan.
Yes, a trader must be well trained and he must know how to gain money. Trading skills is not that easy or that difficult so before starting a trader must know the rules. It’s much better to know the market condition and they should buy at a low price than trade for the long term and keep holding as much as possible.
member
Activity: 158
Merit: 10
November 10, 2019, 01:36:17 AM
#69
I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.
yeah i agree with your point. Because if we want to trade successfully, we have to plan and understand the meaning of that transaction. Otherwise we will lose a lot. Many people always complain why the market doesn't go up as they want, but actually the market goes up and they don't invest in the right place. So people like that are often hard to profit


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