Newbie traders - Learn from my mistakes - page 2.

imstillthebest

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Quote from: tvplus006 on March 22, 2021, 08:42:45 AM

Quote from: BuNga_cute on March 21, 2021, 06:38:34 PM

I agree that newbie traders must learn from the mistakes of others, so as not to have to repeat the same mistakes. Sometimes many newbie traders
who too follow their emotions when going to trade, newbie traders do not want to learn from the experiences of other traders. Therefore most
newbie traders will fail when starting trading, although it is natural for newbies to experience failure when starting trading. But losses should be
minimized by learning from the mistakes of others. Because in my opinion other people's experiences are the best teachers.

Mistakes that we make on our own in trading are always better remembered than if we just study the experience of others, because they are always associated with the loss of our own money. Therefore, no matter how much we study theory, all this knowledge will remain only theoretical, without practical application.

why do we need to study their mistakes when it was their mistakes and not ours .
we dont need to help them because they are done with that mistake and they are upgraded now but its our self that we need to help and we can do that best if we start to trade with our own bare hands .
to study from your own or to others , you will soon find a way to apply it because you are curious if that will work now or not and its useless if you came here to learn but no actions taken .

Innerpumper

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Learning from experience is the best way to gain knowledge. Especially in the world of cryptocurrency trading even if we use the permium channel even though we must suffer losses. However, from there we learn to earn even more profit.

tvplus006

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Quote from: BuNga_cute on March 21, 2021, 06:38:34 PM

I agree that newbie traders must learn from the mistakes of others, so as not to have to repeat the same mistakes. Sometimes many newbie traders
who too follow their emotions when going to trade, newbie traders do not want to learn from the experiences of other traders. Therefore most
newbie traders will fail when starting trading, although it is natural for newbies to experience failure when starting trading. But losses should be
minimized by learning from the mistakes of others. Because in my opinion other people's experiences are the best teachers.

Mistakes that we make on our own in trading are always better remembered than if we just study the experience of others, because they are always associated with the loss of our own money. Therefore, no matter how much we study theory, all this knowledge will remain only theoretical, without practical application.

blockman

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Quote from: BuNga_cute on March 21, 2021, 06:38:34 PM

I agree that newbie traders must learn from the mistakes of others, so as not to have to repeat the same mistakes. Sometimes many newbie traders
who too follow their emotions when going to trade, newbie traders do not want to learn from the experiences of other traders. Therefore most
newbie traders will fail when starting trading, although it is natural for newbies to experience failure when starting trading. But losses should be
minimized by learning from the mistakes of others. Because in my opinion other people's experiences are the best teachers.

That's the start when they're too emotional with their trades. And to say that newbies should learn the experience and mistakes of others, not all of them will agree on that. Some of them just want to have their own experiment and learning on their own through the process.
But I agree that if they learn to control their emotion, that will make their decisions wisely and also the experience of others if they will apply it with their trading style.

BuNga_cute

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I agree that newbie traders must learn from the mistakes of others, so as not to have to repeat the same mistakes. Sometimes many newbie traders
who too follow their emotions when going to trade, newbie traders do not want to learn from the experiences of other traders. Therefore most
newbie traders will fail when starting trading, although it is natural for newbies to experience failure when starting trading. But losses should be
minimized by learning from the mistakes of others. Because in my opinion other people's experiences are the best teachers.

Questat

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Quote from: Ryker1 on March 21, 2021, 04:25:21 PM

Quote from: carlfebz2 on March 21, 2021, 04:11:34 PM

^[snip]
As soon you do progress or deal with this market the more experience you would get which would really
be helpful for you to sustain in further trades.

Well, you have a point on this post.
More mistake to correct and more experience to learn will make you a better trader -- I believe that the experience and mistake to correct and the best teacher in trading, it seems like a blade that every time you will sharpen it give shine in every edge or every corner you will look. The same goes in trading, shine which means knowledge on trading that we can absorb while we have mistakes and will perhaps be helpful to us.

More experience, more learning we got but it is up to us if we would like to change ourselves and correct all our mistakes. Because not all traders have that kind of attitude, some didn't listen to advice but just believe what they think even it is totally wrong. We have nothing to do with this kind of personality and we are helpless to him.

I have that kind of friend and I am tired enough to speak to him because whatever I do, it still put ignored. That is why he keeps losing.

Ryker1

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Quote from: carlfebz2 on March 21, 2021, 04:11:34 PM

^[snip]
As soon you do progress or deal with this market the more experience you would get which would really
be helpful for you to sustain in further trades.

Well, you have a point on this post.
More mistake to correct and more experience to learn will make you a better trader -- I believe that the experience and mistake to correct and the best teacher in trading, it seems like a blade that every time you will sharpen it give shine in every edge or every corner you will look. The same goes in trading, shine which means knowledge on trading that we can absorb while we have mistakes and will perhaps be helpful to us.

carlfebz2

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Quote from: Yamifoud on March 21, 2021, 01:40:57 AM

Quote from: gabbie2010 on March 21, 2021, 12:03:28 AM

One of the problem hindering the progress of my trading is not selling at the appropriate zones at high I will always envisage that the price will continue to trend upward however on checking my trade the price would have corrected having reached a high earlier which would have earn me some profits.
I always tried to buy low which had been working well for me but greediness on my own part wouldn't allow me to take small profit I am working hard to correct it.

Controlling our emotions is really, not even you say yourself I gonna hold and wait for the ATH but later on, it twisted and make fall into thinking what if the dumps will come next, I miss again.
No one gets perfect in trading, it was just a lucky day for us if we are able to sell our Bitcoin at high. Not all are committed to being patient, sometimes we got mad because of a wrong decision but it wasn't really that wrong, we just did our best and that only we can give, besides, we also have the profit already which good enough.

Emotions would be the biggest factor that could really changed up someone when it comes to their decisions towards their investment.It can really be making a full u-turn anytime

specially if we do able to see some situations where we do feel out that the market might possibly be crashing that hard.In result? Panic selling which would result into loss until the recovery comes
and that time it will really be giving you out the feeling of regret.

This cycle would continue and this is how the market moves.As soon you do progress or deal with this market the more experience you would get which would really
be helpful for you to sustain in further trades.

bitgolden

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Quote from: crzy on February 13, 2021, 05:43:10 PM

Trading is indeed not for the weak hands and we should not feel discourage every time we lose money because that’s the game here in the market.

We lose 5 times in a month but of course, we have to bounce back and win more than what you’ve loss. Trading is a profitable job if you take this serious, it will bring big money to you so keep learning, and keep doing good strategies every time you trade.

The thing about losses and mistakes is that, it is not about how many you make or even if you make one or not, it is about how you made one and what did happened afterwards? For example if you make too many mistakes that's bad, but if it is different each time and you never repeat the same mistake twice that means you are learning and getting better, and it is not about making one because we established that everyone makes one, do you know what matters?

If you made a mistake that anyone could have made that would be fine, and if you made a mistake then learned what it was and never made it again that matters too. So, that is why I keep saying that we should be focusing on learning from our mistakes and not focus on trying not to make a mistake because let's face it we will all make it one way or another but learning from them would be a lot better for sure.

Yamifoud

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Quote from: gabbie2010 on March 21, 2021, 12:03:28 AM

One of the problem hindering the progress of my trading is not selling at the appropriate zones at high I will always envisage that the price will continue to trend upward however on checking my trade the price would have corrected having reached a high earlier which would have earn me some profits.
I always tried to buy low which had been working well for me but greediness on my own part wouldn't allow me to take small profit I am working hard to correct it.

Controlling our emotions is really, not even you say yourself I gonna hold and wait for the ATH but later on, it twisted and make fall into thinking what if the dumps will come next, I miss again.
No one gets perfect in trading, it was just a lucky day for us if we are able to sell our Bitcoin at high. Not all are committed to being patient, sometimes we got mad because of a wrong decision but it wasn't really that wrong, we just did our best and that only we can give, besides, we also have the profit already which good enough.

gabbie2010

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Quote from: onecall123 on March 20, 2021, 10:44:24 PM

Quote from: JohnBitCo on March 18, 2021, 07:18:04 AM

Quote from: ?? on ??

Every human being has to face many crises at the beginning of the business but gradually they move forward by gaining good experience about the market. No one can do business without mistakes losses must be faced and corrected not everyone is wrong in the same place business mistakes vary from person to person if you have good skills about trading techniques and its charts before trading you are less likely to make mistakes.

To tell you the truth, even the experienced traders are making a lot of mistakes. Trading is something in which everyone become perfect after learning for his/her mistakes. There are people who keep on doing the same mistakes again and again and never try to avoid it. If you do not learn from your mistakes, you gonna lose money in trading.

In trading formula is quite simple, simply purchasing a coin when it's low and and then selling when the price goes high. It's also true not everyone will take the profits, to become experience traders we have to up to date with the projects. There's less risk involved if we get the things otherwise better off hodling until become a skill trader.

One of the problem hindering the progress of my trading is not selling at the appropriate zones at high I will always envisage that the price will continue to trend upward however on checking my trade the price would have corrected having reached a high earlier which would have earn me some profits.
I always tried to buy low which had been working well for me but greediness on my own part wouldn't allow me to take small profit I am working hard to correct it.

onecall123

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Quote from: JohnBitCo on March 18, 2021, 07:18:04 AM

Quote from: ?? on ??

Every human being has to face many crises at the beginning of the business but gradually they move forward by gaining good experience about the market. No one can do business without mistakes losses must be faced and corrected not everyone is wrong in the same place business mistakes vary from person to person if you have good skills about trading techniques and its charts before trading you are less likely to make mistakes.

To tell you the truth, even the experienced traders are making a lot of mistakes. Trading is something in which everyone become perfect after learning for his/her mistakes. There are people who keep on doing the same mistakes again and again and never try to avoid it. If you do not learn from your mistakes, you gonna lose money in trading.

In trading formula is quite simple, simply purchasing a coin when it's low and and then selling when the price goes high. It's also true not everyone will take the profits, to become experience traders we have to up to date with the projects. There's less risk involved if we get the things otherwise better off hodling until become a skill trader.

tygeade

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Quote from: peter0425 on March 12, 2021, 12:46:37 AM

Just admit the reality that Trading is not for everyone .

It is the harsh reality unfortunately, like not everyone can be a singer despite everyone believing they are good at singing, similarly not everyone has the required qualities for being a trader. Being in the crypto community for a long time, I have seen that a lot of guys came after others but became way more successful because they are natural traders while some still trying to find a guide that can help them trade since years.

Quote from: peter0425 on March 12, 2021, 12:46:37 AM

Just like the reality that Not everyone can become Millionaire , this deserves only some people.

Deserve ain't the correct word. I would rephrase it as "Not everyone has the fortune of being a millionaire" because again, I have seen people who deserve more in life getting the least.

Quote from: peter0425 on March 12, 2021, 12:46:37 AM

for thousands that venture in trading , More than half fails and not because they are weak or fool but because they are not really for this.

A thread here at bitcointalk I was reading a few days back, showed that 95% of people fail at trading so yeah more people fail than succeed at trading. I think one should try for a few years in trading and if they fail continuously without any signs of improvement, they should just stop. If one is improving then there is hope.

CryptopreneurBrainboss

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Quote from: JohnBitCo on March 18, 2021, 07:18:04 AM

To tell you the truth, even the experienced traders are making a lot of mistakes. Trading is something in which everyone become perfect after learning for his/her mistakes. There are people who keep on doing the same mistakes again and again and never try to avoid it. If you do not learn from your mistakes, you gonna lose money in trading.

We have individuals that makes mistakes over and over again without realizing they're making this mistakes since they aren't the ones analyzing the market which is why we're advice to engage with the market ourselves and not rely on others assumptions of how the market will react.

We can all be professional traders if we can dedicate the time and learn from our mistakes and others mistakes too. It's a smart move when we use other experience as a blueprint. It helps in reducing the amount of funds that can be lost trying to understand how the market works.

If you noticed you aren't learning from your mistakes and keep repeating them, then you need to move on as trading isn't for you, you might probably lose all your funds if you don't move on.

RealMalatesta

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Quote from: JohnBitCo on March 18, 2021, 07:18:04 AM

To tell you the truth, even the experienced traders are making a lot of mistakes. Trading is something in which everyone become perfect after learning for his/her mistakes. There are people who keep on doing the same mistakes again and again and never try to avoid it. If you do not learn from your mistakes, you gonna lose money in trading.

They are human too, obviously they would make a mistake. No human would end up with zero mistakes, Warren Buffet turned 100k into 100 billion dollars and even he makes mistakes, he did so plenty of times in his life as well. But that doesn't change the fact that he did made a lot of money, what does that tell us? It tells us that even if you are experienced you would make a mistake but you would be profiting a lot more than you make a mistake and that is the important part.

I personally think that we are not suppose to win on each trade, but if you win more than you lose, that means you are a good trader. Let's say you start with 10k dollars, turn that into 20k and it goes back down to 18k, you are still up and that is what you should be working for, that 2k loss is not a problem as long as you have made that 10k profit first, that's how it should be done.

JohnBitCo

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Quote from: ?? on ??

Every human being has to face many crises at the beginning of the business but gradually they move forward by gaining good experience about the market. No one can do business without mistakes losses must be faced and corrected not everyone is wrong in the same place business mistakes vary from person to person if you have good skills about trading techniques and its charts before trading you are less likely to make mistakes.

To tell you the truth, even the experienced traders are making a lot of mistakes. Trading is something in which everyone become perfect after learning for his/her mistakes. There are people who keep on doing the same mistakes again and again and never try to avoid it. If you do not learn from your mistakes, you gonna lose money in trading.

worle1bm

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The one who suucceds are those who learnt a great lesson from their past mistakes and turn them into their experience.What do you think most expert traders do?They try to cover their loss by taking lessons from past and turning them into their profits or become so influential to manipulate the market accordingly.You need to be determined not to leave the market after your loss but rather cover that loss and have profit from your next trade.Profit,loss,risk will always move together and you need to understand them as early possible.Its risky market and person who is risk taker will stand on top.

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Quote from: peter0425 on March 12, 2021, 12:46:37 AM

Just admit the reality that Trading is not for everyone .

Just like the reality that Not everyone can become Millionaire , this deserves only some people.

for thousands that venture in trading , More than half fails and not because they are weak or fool but because they are not really for this.

I did accept that a long time ago, but not because I don't have the skills or that I can't hone to become good at it but because I know how boring and taxing it is to spend time looking at chart and stats, in short my laziness is the reason for me to accept that I can't be a trader. I have to disagree with you about not everyone can be a millionaire because I do believe that when we give the people the opportunity, and if they grab it, they can definitely become one.

isaac_clarke22

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Quote from: peter0425 on March 12, 2021, 12:46:37 AM

~

Harsh reality there, mate.
To backup what you just said.
Everyone doesn't need to be a trader.
Everyone doesn't need to be one of the 1%.
As long as you earn something out of cryptos like long-term hodling, that's fine.
There's even chances that hodlers would be one day millionaires. Imagine if you were someone that hodl more than 50BTC back in 2011, dreaming to be a millionaire, where would you be right now?

Fatunad

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Quote from: peter0425 on March 12, 2021, 12:46:37 AM

Just admit the reality that Trading is not for everyone .

Just like the reality that Not everyone can become Millionaire , this deserves only some people.

for thousands that venture in trading , More than half fails and not because they are weak or fool but because they are not really for this.

Not only half but i do rather believe that 1/4 of traders are on the success side and the rest are just losers because its just normal to think that the market do composed of with buyers and sellers.
You are right that not all are meant to be traders and there would really be people who would really fail up in longer runs and its up to someone if they do pursue out to deal with things
or simply quit when they do lost money and never look back.People do have different traits and behaviors thats why you cant really tell on where they would be ending up.
Learning from mistakes is a must because you wont really be progressing out if you dont welcome those mistakes and made out some changes later on.

Topic: Newbie traders - Learn from my mistakes - page 2. (Read 957 times)