Topic: Share Tips For Newbie Traders - page 3. (Read 736 times)
The best trading tip for beginners is to keep trading simple. Just scan for low risk and high probability trade setups. No need to spend hours preparing and watching charts all day.
If you can trade and analyze well, you will not feel that trading is a lonely and boring business. You will see opportunities for many coins that can give you profit. You can also share information with your friends, especially in terms of analysis, so you and your friends can find time to trade it. Time wasted because you are learning more about trading is not wasted. And if you use your time to learn to trade, you will see your skills improve. So what you are doing right now to learn to trade will have great results for you.
If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?
The first thing I had at the back of my mind was to always welcome losses too as they are part of trading and then try to create a good strategy to get me net profits over time.The mentality some people have is that they can always only make profits without losses in trading. This is very wrong.
Another thing is only use funds you can afford to lose and make sure there is another side source of income for a beginning to avoid much pressure.
Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.
If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?
If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?
Yes it's quite boring because it's not easy, but I know I'm not wasting my time in trading since I'm fulfilling my goal here. We have the same goal and that is to be profitable, actually it doesn't need to be fun as long as you make money as you can consider trading as your money machine and have fun outside your trading life.
Just focus on your dreams, and eventually you will realize that it's okay to sacrifice now so in the future you'll just spend the rest of your life having a vacation anywhere you wants.
Trading doesn't have to be boring, it isn't boring as a matter of fact, but that's okay if it's seen as just my opinion.
Get you a mentor, be it online or offline, just get someone who is accessible.
Aside the online community, they're people in our physical environment who certainly are into the same business and can be reached, try to locate and make acquaintance with them inorder to get ideas and share ideas as well.
Get you a mentor, be it online or offline, just get someone who is accessible.
Aside the online community, they're people in our physical environment who certainly are into the same business and can be reached, try to locate and make acquaintance with them inorder to get ideas and share ideas as well.
Newbies must know the volatile nature of the market so they won't wonder why the price will move up and down.
And most of all they have to:
* continue learning
* never underestimate the market or make it too easy
* they must prepare to accept losses
* Don't rush to succeed - must extend patience as it surely comes
* must learn TA and chart reading
So many things that a newbie must know but it never makes sense if we never do it in actuality. In order to reach our goal and succeed, a newbie must have the courage to trade and never be afraid to lose as it was a part of learning.
And most of all they have to:
* continue learning
* never underestimate the market or make it too easy
* they must prepare to accept losses
* Don't rush to succeed - must extend patience as it surely comes
* must learn TA and chart reading
So many things that a newbie must know but it never makes sense if we never do it in actuality. In order to reach our goal and succeed, a newbie must have the courage to trade and never be afraid to lose as it was a part of learning.
Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone,
Indeed, this codnition sometimes makes me more frustrated and stop trading everytime after losing and have no eager again. But at that time, I found a discussion about trading and one of their administrators really culd share his experiences and also strategy. So, we can take some from his. Additionally, it is quite good to have a friend tot alk about trading so we can share experience each other, sharing the previous loss and ask for advice what to do with the loss or profits. 
You are right mate,one thing these newbies should know about trading is that you don't always use all your savings for it,knowing fully well that it is risky and,and it is good to use a little of the money you've kept aside as one you don't want to use for anything and out into trading so that if you lose,you can get over it so quickly because the money you used wasn't the most important one to you.
It is wise to strategies first before putting any money into trading.
Analysis and strategy mutually support traders to get good results on trading. Sometimes they can also lose, that's because no one can ensure that he will get a profit because of market volatility. Having a good strategy and also being able to manage emotions enough during trading is a good thing to hope to help traders make profits, but in many cases it fails because novice traders are too prone to panic.It is wise to strategies first before putting any money into trading.
Furthermore, it is wise to put your savings as a long-term investment instead of trading. I'd rather do it, it has also worked in my favor so far.
Relying on past knowledge and experience in making trades is a common practice for many traders. This can help provide a good understanding of the market situation and help identify trends and patterns that might reappear. However, it is also important to remember that the market situation and external factors may change from time to time, so it is important to constantly monitor and take into account the latest information and factors that may influence your trading.
Trading is an opportunity for starting the new mechanism to originate the way of getting online income. It will not waste your time if you consider it as just a way of employment and do not think more about it if trying but not win. At the Initiation point you will probably need some expertise as its obvious that those win constantly who dream for success and work for their dream. When you concentrate on it you will get your point and will not bore anymore.
Excited earning online passive income trough trading but is not easy based on how many people stories about their achievement and profit earn with trading. I started with bad experience when trading some coins and becoming diamond hand when investing in coins with hardfork moment, later after snapshot finish coin price drop drastically and not profit earn there.Don't be greedy with how dreaming success in trading because not all trader earn profit with trading and many of them loss much money after fatal mistake and loss management controlling when investing in some coins, learn step by step and removed dreaming with easy to be success in trading actually for newbie mindset.
You cant really be able to know and predict on where prices could actually went and there's no way that you could be able to determine on where it would be heading up.The only tip that i could give out
is never ever make yourself in a hurry because it would really be just creating lots of mistakes due to desperation.
Dont easily believe on easy money with trading which sooner or later you could be able to realize on how it does works which is totally opposite.
I can relate to your sentiment that trading is a solitary and dull profession. The feeling of isolation when trading on your own time in front of a computer, phone, or tablet is something I can relate to. But there are ways to get through it.
Here are some tips that helped me through the tough times:
As for books, I'd recommend the following:
1. The Psychology of Trading: Tools and Techniques for Minding the Markets by Brett N. Steenbarger
2. Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
3. Mind Over Markets: Power Trading with Market Generated Information by James F. Dalton
These books have helped me maintain my emotions during tough times in trading and have given me great insights on how to be a better trader. Hope these tips and books help you out too.
Here are some tips that helped me through the tough times:
- Connect with other traders: Join online communities, attend trading webinars, or even find a trading buddy. Talking to others who understand the ups and downs of trading can be a great source of support. TradingView is one of the best community
- Stay informed: Keep up with the latest developments in the market, read industry news and books about trading. This will help you stay motivated and focused on your goals.
- Practice mindfulness: Trading may be taxing on your mental and emotional health, so it's crucial to maintain a state of awareness and take pauses as needed. This will assist you in striking a balance between your trade and personal life. Plum Village is where I often use when I feel empty
As for books, I'd recommend the following:
1. The Psychology of Trading: Tools and Techniques for Minding the Markets by Brett N. Steenbarger
2. Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
3. Mind Over Markets: Power Trading with Market Generated Information by James F. Dalton
These books have helped me maintain my emotions during tough times in trading and have given me great insights on how to be a better trader. Hope these tips and books help you out too.
Trading is an opportunity for starting the new mechanism to originate the way of getting online income. It will not waste your time if you consider it as just a way of employment and do not think more about it if trying but not win. At the Initiation point you will probably need some expertise as its obvious that those win constantly who dream for success and work for their dream. When you concentrate on it you will get your point and will not bore anymore.
Excited earning online passive income trough trading but is not easy based on how many people stories about their achievement and profit earn with trading. I started with bad experience when trading some coins and becoming diamond hand when investing in coins with hardfork moment, later after snapshot finish coin price drop drastically and not profit earn there.Don't be greedy with how dreaming success in trading because not all trader earn profit with trading and many of them loss much money after fatal mistake and loss management controlling when investing in some coins, learn step by step and removed dreaming with easy to be success in trading actually for newbie mindset.
Trading is an opportunity for starting the new mechanism to originate the way of getting online income. It will not waste your time if you consider it as just a way of employment and do not think more about it if trying but not win. At the Initiation point you will probably need some expertise as its obvious that those win constantly who dream for success and work for their dream. When you concentrate on it you will get your point and will not bore anymore.
this activity is for users who knows this activity itself, have learned the basics and know how to trade on his own. but even if the user has ample knowledge about it, still there is no assurance that you will win each and every time you trade. as this market is volatile, you have no clue as to when it will go up or down. you are just relying from your past knowledge and experience whenever you make a trade.
Trading is an opportunity for starting the new mechanism to originate the way of getting online income. It will not waste your time if you consider it as just a way of employment and do not think more about it if trying but not win. At the Initiation point you will probably need some expertise as its obvious that those win constantly who dream for success and work for their dream. When you concentrate on it you will get your point and will not bore anymore.
yes, indeed there is nothing to blame for market volatility. this is very reasonable and beginners in trading will experience losses as well as profits. it all depends on what the trader is capable of. cannot rely on other people's abilities, unless they follow the signals from the telegram group. that's what beginners often do. for being tired of losing and learning a lot of trading strategies. more instant to follow the signal. but it is not recommended for those who want to learn to trade.
Most importantly, novice traders must be persistent in trying and learning from their experience trading in the market. Failure is a common thing. as much as possible we should be able to improve so as not to repeat losses in future trades.
The experience gained will be much more important for traders, free signals from telegram channels. I even have a friend who decided to buy a paid subscription to one of these channels. It seems ridiculous to me, but he takes this group seriously and follows all the news and signals in it.Most importantly, novice traders must be persistent in trying and learning from their experience trading in the market. Failure is a common thing. as much as possible we should be able to improve so as not to repeat losses in future trades.
But I see from him that he does not understand most of what he does. He simply repeats what he is told, but he does not receive any knowledge. But he is pleased that his deals have already allowed him to return money, which he paid for the subscription. It seems to me that this is a dubious pleasure, but he likes it, who knows, maybe he will really be able to earn good money this way.
the average beginner will experience this, and it's only natural I think that people who want to trade without experience will eventually start to take an interest in using the signals they get from the group.
just wait until your friend starts to realize the mistake he started. if it is still to the advantage it may not make your friends aware. but while he's had a lot of losses that he got when a lot of the signals don't work, I'm sure he'll be back on the great path of learning the trade.
Trading will not be a waste of time if you are using doing it efficiently and effectivelyy. I have been doing trading during my vacant time after my full-time job and I'm doing it for different reasons. My purpose is to earn and to learn continuously. Trading is a long process of learning and doing actual trading will be an effective thing for us to learn easily. If we have the right mindset that trading could bring us into a challenging journey, we will know how to handle the boredom and find the challenges more exciting each day.
You are right mate,one thing these newbies should know about trading is that you don't always use all your savings for it,knowing fully well that it is risky and,and it is good to use a little of the money you've kept aside as one you don't want to use for anything and out into trading so that if you lose,you can get over it so quickly because the money you used wasn't the most important one to you.It is wise to strategies first before putting any money into trading.
yes, indeed there is nothing to blame for market volatility. this is very reasonable and beginners in trading will experience losses as well as profits. it all depends on what the trader is capable of. cannot rely on other people's abilities, unless they follow the signals from the telegram group. that's what beginners often do. for being tired of losing and learning a lot of trading strategies. more instant to follow the signal. but it is not recommended for those who want to learn to trade.
Most importantly, novice traders must be persistent in trying and learning from their experience trading in the market. Failure is a common thing. as much as possible we should be able to improve so as not to repeat losses in future trades.
The experience gained will be much more important for traders, free signals from telegram channels. I even have a friend who decided to buy a paid subscription to one of these channels. It seems ridiculous to me, but he takes this group seriously and follows all the news and signals in it.Most importantly, novice traders must be persistent in trying and learning from their experience trading in the market. Failure is a common thing. as much as possible we should be able to improve so as not to repeat losses in future trades.
But I see from him that he does not understand most of what he does. He simply repeats what he is told, but he does not receive any knowledge. But he is pleased that his deals have already allowed him to return money, which he paid for the subscription. It seems to me that this is a dubious pleasure, but he likes it, who knows, maybe he will really be able to earn good money this way.
Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.
If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?
Newbies who feel that they are wasting their time are those who have not benefited from their trading activities because I am sure traders who can make money will find this a job and a fun activity, indeed it is not easy for a newbie to be consistent with his trading especially if he still in the learning stage so that when he experience failure will have thoughts like that but if still consistent with what he have learned will definitely produce and his mindset will change because have earned income from trading. If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?
Trading will not be a waste of time if you are using doing it efficiently and effectivelyy. I have been doing trading during my vacant time after my full-time job and I'm doing it for different reasons. My purpose is to earn and to learn continuously. Trading is a long process of learning and doing actual trading will be an effective thing for us to learn easily. If we have the right mindset that trading could bring us into a challenging journey, we will know how to handle the boredom and find the challenges more exciting each day.
But I am sure you won't deny that relying on trading as a single source of income is usually not the best way to go about your life. It does depend on what the overall circumstances are like having a family or other obligations that will at times keep you away from your screen. If we are really talking about trading in the short-term trading sense, it is quite a 24/7 job. Being lazy or making simple mistakes can be brutally punished and it also requires tremendous discipline in regards to your lifestyle. Some might waste their positive balance when they had a beer too much the other night and exaggerated.
Bitcoin has mostly proven to be a safe bet when you are in it for the long run. It has recovered from crashes every single time so far and came back stronger than ever before.
Trading will not be a waste of time if you are using doing it efficiently and effectivelyy. I have been doing trading during my vacant time after my full-time job and I'm doing it for different reasons. My purpose is to earn and to learn continuously. Trading is a long process of learning and doing actual trading will be an effective thing for us to learn easily. If we have the right mindset that trading could bring us into a challenging journey, we will know how to handle the boredom and find the challenges more exciting each day.
Jump to: