Newbie traders - Learn from my mistakes - page 3.

wxa7115

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Quote from: mersal on March 12, 2021, 01:07:45 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.

You can learn from mistakes but if you are too smart then you will learn from others mistakes which means you are not going to lose your money and time but experience is indeed so starting with small capital for trading is wise choice and lot of simulation available to work your trading strategies and find its effectiveness.

That is the best part, people are always talking about how experience is the best teacher and they are not wrong but there is no need to make the mistakes others have made by yourself, read about their mistakes and learn from them that way when you find yourself in the same situation you can save yourself the trouble and avoid losing money in the same circumstances.

People are always focusing on earning money not understanding that learning how not to lose money is even more important as the longer you remain in the markets without a big loss the more likely it becomes you will see a big win.

peter0425

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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.

mersal

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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.

You can learn from mistakes but if you are too smart then you will learn from others mistakes which means you are not going to lose your money and time but experience is indeed so starting with small capital for trading is wise choice and lot of simulation available to work your trading strategies and find its effectiveness.

wxa7115

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Activity: 2702

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Quote from: Kittygalore on March 07, 2021, 12:26:57 AM

Quote from: tygeade on March 07, 2021, 12:11:23 AM

Videos are really helpful when it comes to learning because you will be seeing everything you want to learn being played out on your screen and it is more easy to understand than when you’re just reading an articles that talks about the same topic.

Be careful choosing the videos though as the helpful ones are really rare and you have to sift through all the clickbait videos in order to find the good videos. Choose only a few channels and content creators to learn from because if you were to not do that, you will only end up with a lot of conflicting ideas that will be a detrimental factor for your decisions when you are trading. OP is a good person, telling everyone about the mistakes that he/she has done so as to help other people from not making the same mistake.

This should be done for every single topic taking into account the social media age in which we are living, accuracy of the information you are given is not the top priority to those content creators since they get paid depending on the views they get so they try to create clickbait videos to attract audiences but that teach you nothing of worth.

By the way this is true as well when it comes to other media, so just because you are attending a conference or reading a book you should not think that you are safe, read the books on their merits and test what they teach you, if the test indicates it does not work then drop the book immediately as it was mostly written with the same intention as the videos on YouTube, to get your attention and make sells but that does not leave you with anything of value.

MiningBattalion

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Quote from: Golftech on March 10, 2021, 11:34:32 AM

Quote from: Sterbens on March 10, 2021, 10:55:43 AM

Quote from: Hilde Maa on March 08, 2021, 10:05:57 PM

hello
i have about 80 dollar in btc better to keep? for being little what I have it would be better another coin?

your decision is already a good one. You don't have to split that $ 80 with any altcoins. because from btc profittalble it is clear. you just hold or sell it, it will still give you a good profit. Instead of giving the entire portfolio to altcoins that you are not necessarily sure of the future benefits. while bitcoin will not discourage you.

If you are not greed and you are contented with small profits, holding or keeping it as bitcoin is a good decision.

But if you are into exploring all the potentials coming from this business, there are lots of projects who are also

possible to bring you much better outcome. It's needed much longer time to review and research each possible

project to invest your money, the entire ecosystem of this crypto industry have enough if you are seeking for

more profitable and valuable assets.

Making mistakes is part of the learning process when it comes to trading or investing. Investors are typically involved in longer-term holdings and will trade in stocks, exchange-traded funds, and other securities. Traders generally buy and sell futures and options, hold those positions for shorter periods, and are involved in a greater number of transactions.While traders and investors use two different types of trading transactions, they often are guilty of making the same types of mistakes.

Golftech

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Quote from: Sterbens on March 10, 2021, 10:55:43 AM

Quote from: Hilde Maa on March 08, 2021, 10:05:57 PM

hello
i have about 80 dollar in btc better to keep? for being little what I have it would be better another coin?

your decision is already a good one. You don't have to split that $ 80 with any altcoins. because from btc profittalble it is clear. you just hold or sell it, it will still give you a good profit. Instead of giving the entire portfolio to altcoins that you are not necessarily sure of the future benefits. while bitcoin will not discourage you.

If you are not greed and you are contented with small profits, holding or keeping it as bitcoin is a good decision.

But if you are into exploring all the potentials coming from this business, there are lots of projects who are also

possible to bring you much better outcome. It's needed much longer time to review and research each possible

project to invest your money, the entire ecosystem of this crypto industry have enough if you are seeking for

more profitable and valuable assets.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

Quote from: Hilde Maa on March 08, 2021, 10:05:57 PM

hello
i have about 80 dollar in btc better to keep? for being little what I have it would be better another coin?

your decision is already a good one. You don't have to split that $ 80 with any altcoins. because from btc profittalble it is clear. you just hold or sell it, it will still give you a good profit. Instead of giving the entire portfolio to altcoins that you are not necessarily sure of the future benefits. while bitcoin will not discourage you.

Maslate

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Message @Hhampuz if you are looking for a CM!

No one has a good start in trading, no one directly got what he/she wants to achieve, and for sure, all traders have suffered (many) losses before they find where they become wrong. Because honestly, mistakes can't be avoided nor we can escape from them. But the good thing is that we are able to correct our mistakes and prove to ourselves that we can survive all of these challenges.

Trading is not an easy job, unlike the others think, and this why many traders had failed because in the sense that they never know what they are doing.

SquallLeonhart

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Quote from: isaac_clarke22 on March 08, 2021, 03:52:13 AM

I've had rough experience in jumping to day trading too quickly just because many claimed that "it is fastest way to earn", because technically you're trading actively throughout the day.
I haven't experienced doing margin trading just yet, but I know it is another strategy. I know it would be a rougher experience for me back then and I might considered dropping crypto that day. Cheesy

They were sort of right, and they were very wrong as well. Day trading, especially in high leverage places could be world's biggest profiting place, binance has huge volume in their high leverage trading as well which means you could make tens of millions of dollars profit there and the volume could cover that too. How? If you are an experienced and awesome trader that keeps making huge profits along the way constantly, that would mean that you could profit, however one thing is a bit of a problem; if you are not someone like that it is not a profitable thing.

So, when a great experienced trader tell you that day trading and even high leverages are way to go because they make so much profit that way, they are right because they do make money like that, but they are very wrong because you can't make money like that as a newbie in trading world.

manu3003

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Quote from: ?? on ??

Trading here in cryptocurrency is not an easy things. It really needs skills, knowledge, and understanding.
And there are several traders even the experts made a wrong move or mistakes too in trading activity.
and most of the mistakes they've made in the end they learned from it of course.

Will you sell me a BTC? :/

Cling18

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Trading is a long process of learning. It actually never stops and the more experiences that we have, the more we learn here. It's really important that we'll have the eagerness to learn and adopt new knowledge each day. Knowing how to read the movement of the market and having enough knowledge about technical analysis is a big edge because we can't rely everything on trading gurus. However, committing mistakes is a part of the growth here in crypto world but being wise could still lower the risk of losing.

Yatsan

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Leading Crypto Sports Betting & Casino Platform

We do really learn from the mistakes we have taken from the past and that what makes us the better version of ourselves to prevent making the same mistakes we have before. When it comes to trading, every beginner even the old timers do still commit mistakes which leaves a great lesson to seek for improvement so that once when the same thing happens once again is that we can already have ways or solution to resolve such hindrance in our way. It is just fine to commit mistakes as long as you learn from it and you are making a way not to do the same thing all over again. Be mindful of the decisions you make for it can affect and have an impact on the sake or condition of your trades. Be wise enough so you can execute better solutions to save up your funds.

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

Quote from: Kittygalore on March 07, 2021, 12:26:57 AM

Be careful choosing the videos though as the helpful ones are really rare and you have to sift through all the clickbait videos in order to find the good videos. Choose only a few channels and content creators to learn from because if you were to not do that, you will only end up with a lot of conflicting ideas that will be a detrimental factor for your decisions when you are trading.

Exactly, hardly before you'll see any youtubers these days doing the videos for the love of educating or informing fellow enthusiast instead they do the videos to shill certain project or as a means of advertisment. 99% of the videos are been monetized which has a clear signs we should be very cautious about the information and strategy we let come in our mind before it poisoned it.

Youtuber are the easiest to confused/mislead the newbies since they communicate visually which create some sort of trust. Identifying the shillers from the actual educators are very simply. The shillers only cares about the profit so their video will be focus more on how they can get you in, on the plan so they get paid but the educators gives you the information and leave you to make your decision without putting any pressure on you

Hilde Maa

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hello
i have about 80 dollar in btc better to keep? for being little what I have it would be better another coin?

Fatunad

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Quote from: doctor877 on March 08, 2021, 03:23:25 PM

crpto is not a child play especially for new members. i dont see a reason why a newbie without any knowledge will jump in and start taking trades. there is always a volatility disclaimer on crytpto trading. try to always learn in anything, learn and apply then you become powerful.

Everyone do start on being a noob this is why its somewhat expected for those kind of behavior for a noob to do such thing but sooner or later he would really be realizing that things should really be dealt up seriously if he do like to survive into this market.This isnt indeed a childsplay because you are risking out your money which means you need to be serious on prolonging yourself or survive on the market.
Learn from your mistakes because you wont really be making yourself better if you dont really learn into those things that you had experienced.
Try to hone up your skills and knowledge as you do trade up with the market, this might not be an easy journey but somewhat can really be able to handled out.

doctor877

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crpto is not a child play especially for new members. i dont see a reason why a newbie without any knowledge will jump in and start taking trades. there is always a volatility disclaimer on crytpto trading. try to always learn in anything, learn and apply then you become powerful.

isaac_clarke22

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Quote from: tvplus006 on March 04, 2021, 06:40:17 AM

~

I'll emphasize this a lot.
I've had rough experience in jumping to day trading too quickly just because many claimed that "it is fastest way to earn", because technically you're trading actively throughout the day.
I haven't experienced doing margin trading just yet, but I know it is another strategy. I know it would be a rougher experience for me back then and I might considered dropping crypto that day. Cheesy

Sterbens

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Activity: 1848

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Duelbits.com

Quote from: Hamphser on February 17, 2021, 04:19:05 PM

Doing trading can really be done by everybody but we cant really deny the fact that there are people which arent effective in terms of trading even though they
had been trading in the market for a while now.Just like my friend which is trader but eventually quit after 2 years of doing trades still end up on a loss.
Not all things would really goes well into an individual so this will really be varying on someones persistence on what he had been engaging.

and what is more ideal is that everyone has their own function and performance, from the experience of our friends, we learn that what we can do cannot be done by others, and conversely what others can do is not necessarily what we can do. . even if it could be done, it wouldn't be the same as the former.
In trading, we are never much different, we are just endowed with mental and thoughtful patience whenever we face a situation that passes, whether it is in ruins or is on the rise. there is only one thing that makes a person survive, that is, to love what he does, without being accompanied by compulsion.

JooBra

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Quote from: Kittygalore on March 07, 2021, 12:26:57 AM

Quote from: tygeade on March 07, 2021, 12:11:23 AM

Videos are really helpful when it comes to learning because you will be seeing everything you want to learn being played out on your screen and it is more easy to understand than when you’re just reading an articles that talks about the same topic.

Be careful choosing the videos though as the helpful ones are really rare and you have to sift through all the clickbait videos in order to find the good videos. Choose only a few channels and content creators to learn from because if you were to not do that, you will only end up with a lot of conflicting ideas that will be a detrimental factor for your decisions when you are trading. OP is a good person, telling everyone about the mistakes that he/she has done so as to help other people from not making the same mistake.

Most of the channels are creating clickbait headlines but there is always something to learn. For technical analysis you can learn how is all playing out. A lot of time is needed to get hang of it since a lot of stuff usually plays out in cycles.

Kittygalore

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Quote from: tygeade on March 07, 2021, 12:11:23 AM

Videos are really helpful when it comes to learning because you will be seeing everything you want to learn being played out on your screen and it is more easy to understand than when you’re just reading an articles that talks about the same topic.

Be careful choosing the videos though as the helpful ones are really rare and you have to sift through all the clickbait videos in order to find the good videos. Choose only a few channels and content creators to learn from because if you were to not do that, you will only end up with a lot of conflicting ideas that will be a detrimental factor for your decisions when you are trading. OP is a good person, telling everyone about the mistakes that he/she has done so as to help other people from not making the same mistake.

Topic: Newbie traders - Learn from my mistakes - page 3. (Read 896 times)