Newbie trader be like - page 2. | Bitcointalksearch.org

ajeef

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

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.

If we're still a newbie we don't recommend to take our self determined to take which coin that we will buy and when we have to buy it. We better learn first from the professional traders and there are many pro traders analysis on the internet that you can find. Most of them are on twitters if you're following crypto traders twitter account but if you want to learn more specificilla in technique you can learn it from tradingview. Before we have learned many people analysis and how they predict the price.

Christinebeauty

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Yes planning is very important in trading, you need to plan very well before you throw your funds into it. You must plan on when to enter the market and also your exist plan. You need to also be patient so that you dont always jump into panic selling

lienfaye

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

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.

Knowledge, strategy and plan are important when it comes to trading. Its fine to commit mistakes since you're a beginner and you learned something from that experience. Now you know its not easy as it seems and you need a plan to follow to avoid the usual mistakes of a trader.

BlackFor3st

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

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.

If you see already why you lost your trade then you need to adjust to it as trading is like trial and error especially if you are still a newbie. Learn to be resourceful and don't be dependent to few information's that you get instead use all the resources that will help you to become a successful trader.

You need to be clever in trading as greed will eat you in the end especially if you are earning to it already. That is the common mistake of few traders who are good enough to make their decisions already in every trade that they make, so it's better if you know how to control yourself and don't make a trade that has a high risk.

Jercyhora2

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Quote from: kawetsriyanto on November 09, 2019, 07:41:25 PM

Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you.

Planning is a must, it should be a stupid idea to trade without planning. Actually, it is not only about making a plan, but we must also learn everything related to trading firstly. I cannot imagine that someone tries to trade without having the proper knowledge. Trading without a plan & proper knowledge seems like fishing without a hook. Grin

"Invest what you can afford to lose"
I invested what I actually I didn't regret, it is the way how you want to learn about mistake to us to become more careful the next time you it next time.

Google+

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trading should be able to make a lot of money and not spend money if you always spend money when trading and can't get profit then there is something wrong with the way you are trading, maybe you are still easily affected by bad news or affected by market conditions so you panic and will only make yourself lose.

barabarian1

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of course we must always have a plan and strategy in doing anything so that we get the maximum results. and when trading crypto, of course you have to have a good plan and strategy. without a plan and strategy we will lose a lot. and I also always do research before making plans. so things always have to be done before investing or trading. do research and analyze market conditions, choose potential coins then make strategies and plans.

albrots

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Trade planning is indeed very important in trading. Don't trade without planning. Planning includes managing capital and what coins you want to trade. Do not trade without a clear direction, and also the most important thing is to be patient to train mentally in trading. Mentally strong and must be wise in determining every decision you will make.

ethereumhunter

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It is a bad idea not to have a plan in trading. Having a plan is the same important as a patient because with making plans, we can work as schedule, and if something were run out from the schedule, we would have another plan, so that will not disturb what we do. Trading will be good if you have a plan so you can know the target you want to choose, and you can wait for a while to see your plan work or not. Plan and patience will give you a chance to analyze the market so you will have the opportunity to make a profit.

kawetsriyanto

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you.

Planning is a must, it should be a stupid idea to trade without planning. Actually, it is not only about making a plan, but we must also learn everything related to trading firstly. I cannot imagine that someone tries to trade without having the proper knowledge. Trading without a plan & proper knowledge seems like fishing without a hook. Grin

tenakha

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

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.

Planned action requires thinking ahead of time. But, trade is such that anything can happen at any moment, and in this case, if you try to act in a planned manner, you will delay. The plan is necessary, but there is not always enough time to implement this plan. After having enough knowledge and experience to trade, all that is needed is to be able to act correctly at the right time.

babicena14

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I made those mistakes, too. It seemed to me that I could trade successfully even without a plan and strategy. But that was certainly my biggest mistake. It is good that you were able to understand this and will not make such mistakes in the future.

xiboothrezi

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

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.

a goal wihout a wish is just a dream. It's good if you realize your mistakes beforehand and want to study harder so that you don't get lost again. At least from that mistake you realize that trading is not a simple thing, it requires the right calculation and strategy to get profit, not just rely on luck. Hopefully after this you get the best results.

Jercyhora2

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Quote from: Ailmand on November 09, 2019, 09:31:55 AM

The first trade I did was tragic. I had lost almost around $400 dollars investing out of FOMO since most of my friends had doubled their money in a certain coin a few years ago. To make it worse, when I created a wallet for that coin, I wasn't able to save the file for the wallet and completely had lost access to it. That is why making sure to know what you are getting involved before investing is a must. A lot of newbies commit mistakes during their trades because of misconception in tradting that it is an easy way to earn money.

That's epic, when it comes to securing wallets I wasn't taking it so easy. I prefer paper wallet storing that kind of amount. Make 2 or more copies for us to not lost it.

Firefoxx

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Newbie trader has to avoid greediness as it will certainly lead to mind crash, a newbie trader should always zero mind as it will either be profit of loss but most do give up once they do miss out little bit. I have known many that tried and gave up but persistency matters alot in crypto though you have to be extremely careful

Kiefner

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I agree with you. As long as you are new to trading then you should follow your plan. Reading a lot of literature and choosing a plan for trading is the most important thing to do. And if you have painted every step, then you can't retreat from the plan.

Pinkris128

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

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.

Planning is a essential part of not just trading process but also in other forms of investment. Without extensive planning, it will be difficult for you to manage and will most likely to end up losing more than you anticipated. Studying the trends and the market predictions can help you decide when it's good to buy and sell or simply trade to earn profits. It's a delicate job and has no guarantees but it can be addicting. So, be careful and don't let your emotions lead you.

batang_bitcoin

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You should make up a plan before trading, how much you are putting at stake and it should be an amount that should be okay for you. Don't just go all in and trade without any plans of when to stop, quit or pursue. Although it's going to be an expensive lesson if your capital to stake is quite high but it's all worth it with the experience that you'll have on it. As for the newbie traders, they're all for the risk and they can take it high or low as it doesn't matter for them.

stephanirain

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

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.

Start trading just because someone told you that it is profitable without researching or planning is very unwise. You're basically giving free money away. Good thing that you learned the lesson, even though in the hard way. Trading has odds and risks that you need to defeat by studying the market and it should not be done just one overnight. Observations is the key before you start to test the waters. Do not attempt to jump without knowing how deep or else you will plummet to failure and loss.

Perfect35

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Quote from: Jercyhora2 on November 09, 2019, 08:08:42 AM

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 hope you have learnt how to do the planning. The first you should do is to ensure you do your research, because it is paramount and a prerequisite to your planning. Also, as a newbie, start with very little amount of fund, so that when you lose that little, you will have another to fall on. For at this stage you are still learning and it is a gradual process.

Topic: Newbie trader be like - page 2. (Read 590 times)