Topic: Newbie trader be like - page 5. (Read 614 times)
Your plan is good at every time there are mistakes and you can't give up, even ready to deal with it, especially our mental, novice traders will suffer only a few losses, but in that loss you can understand you better for trading and also analytical skills must prepared.
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 feel you, since i'm always experiencing that kind of incident while doing trading, I think my lapses was i'm easily overcome by my emotion! my mind tell me to sell when the coin that i was traded started to dip its price, i sell instantly without considering that the price may surge in the following hours. 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 will post update base on my experience, let's see how far of knowledge I can go
You are right. You need to have a good trading plan in having some research. But I salute you in doing trading to be trial and to be familiarized about every transaction because I believe that having actual trading activity to learn is better rather than reading trading articles that we don't really if teach right way to trade. Doing it in your own with real trader's guide is better to learn fast.
Like you I wasted money on trading, back in the days when I was just a beginner. Almost every week I spend money on trading as I assume that when you buy a cheap coin you have the advantage of making a big profit by assuming the price goes up. But not really because not all coins can be trusted to give me a profit and that's what I learned. So it is not just the plan and patience we need, we also need the knowledge that will give us to find the legit coin.
Dedication, strategy(plan) and patience are keys to success in trading. if you are a newbie, do not put too much money into it because you are not in the position of getting something but learning. Do not overcomplicate your trade because it will confuse you making a decision, try it with a small number of money to familiarize yourself with the market. after you get the feeling, try to increase your stake to test your ability.
Plan your trade and make sure you don't get easily swayed by the market direction. From experience, emotions can affect you and how you execute your trading plan/s.
Careful planning is certainly very much needed by every trader, be it for novice traders or experienced, the planning that is built is certainly through the analysis and experience they have learned before starting trading in several markets.
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.
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.
Jump to: