Future Trading is like burning your assets into ashes.
In trading, we must not hurried our profits. We must learn and study the different strategies and techniques for us to initiate good trades. Because, when you are always feel greediness in trading you may lose. In addition, disciple for every trades must be implemented. I have a friend in telegram who always afraid to lose 2% from his buy entry. That is why, even the price moves down in 5 sats, he always make a stop loss. Therefore, when there is a bounce he always make regret in telegram for his early loss selling.
Trading is not a game, it is an investment. So, we must plan every execution that we will make.
Topic: SIMPLE ADVICE TO ALL NEW TRADERS - page 3. (Read 567 times)
People trade for different reasons and with different strategy. A trading strategy for long hodlers won't be the same as a short term holder, traders who profits from price fluctuations and the day traders who earns from trading. The priorities of event traders may not be same as of a grid trader. You first need to set your priority and devise a strategy for your own.
strategy is important, but i agree with the OP, because he said discipline is the most powerfull weapon for trading
and don'r forget about patience, because we should wait the right time to enter and exit the market and its need patience buddy
the only advise i have for new traders is that they should stay away from greed , study trading well before you start and always learn to take profits whenever the need arises don't be emotional about any project so you don't lose all your capital.
Yeah i have seen some people just showing profits and those too big ones and on almost daily basis, this is a new kind of scam where they want people to invest with them or let them trade their account, those whos trade know that making profit daily consistently without loss is not possible.
That's the main reason I don't listen to those that advice me to trade on this platform, showing me there profit as evidence of payments cos I do know it will only end in scamming people.I only trade on what I feel like, not something someone showed me or advised me to do, due to their profits.
My friends are victims of such scams. Don't want such to happen to me neither
People trade for different reasons and with different strategy. A trading strategy for long hodlers won't be the same as a short term holder, traders who profits from price fluctuations and the day traders who earns from trading. The priorities of event traders may not be same as of a grid trader. You first need to set your priority and devise a strategy for your own.
strategy is important, but i agree with the OP, because he said discipline is the most powerfull weapon for trading
and don'r forget about patience, because we should wait the right time to enter and exit the market and its need patience buddy
Some might misinterpret the patience to be something else. They might feel waiting ordinarily will give them the right solution to their trading. Trading is much more than that, it involves careful study. You study the coin you are or want to trade, as well as the exchange. There are certain tings that can't be change, it is the circumstance surrounding the trading.
People trade for different reasons and with different strategy. A trading strategy for long hodlers won't be the same as a short term holder, traders who profits from price fluctuations and the day traders who earns from trading. The priorities of event traders may not be same as of a grid trader. You first need to set your priority and devise a strategy for your own.
strategy is important, but i agree with the OP, because he said discipline is the most powerfull weapon for trading
and don'r forget about patience, because we should wait the right time to enter and exit the market and its need patience buddy
to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
Have you ever traded in the market?Trading with $ 10 fund is completely different from $ 10k fund especially trading psychology. It is possible to achieve a high profit rate when trading with a small money, but once you have achieved a large amount of capital, all of your decisions will be affected by your psychology. This is what I went through when trading.
Yes, that's a different amount but OP wasn't talking of its differences, as that is just numbers, what you need is the skills to trade because if you have that already, you'll be consistent and you can be profitable regardless of the amount you trade. Consistency means long term success in trading.
Can anyone really be rushed or pushed into trading?
Yes, those who were highly hyped just jump in to trading platform and buy the overly hyped coins or cryptocurrency. They were so excited thinking that they will gain a huge amount of profit if they rush in, and those who fear missing out the opportunity to take profit.
I think I find that hard to believe and if anyone allows himself to be pushed into trading without having all the knowledge needed for successful trading, then he is bound to meet a great loss.
You may not believe it but it really happens. See those people who bought at ATH and end up bag holding worthless coins.
to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
Have you ever traded in the market?Trading with $ 10 fund is completely different from $ 10k fund especially trading psychology. It is possible to achieve a high profit rate when trading with a small money, but once you have achieved a large amount of capital, all of your decisions will be affected by your psychology. This is what I went through when trading.
Yes, that's a different amount but OP wasn't talking of its differences, as that is just numbers, what you need is the skills to trade because if you have that already, you'll be consistent and you can be profitable regardless of the amount you trade. Consistency means long term success in trading.
Can anyone really be rushed or pushed into trading? I think I find that hard to believe and if anyone allows himself to be pushed into trading without having all the knowledge needed for successful trading, then he is bound to meet a great loss. Trading is a venture which needs appropriate training, learning and enough time to perfect it, it is not something that can be rushed into just because a friend is doing it. Therefore I agree with the advice, let every potential trader do so, that is, trade only because he has found himself ready for it.
TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage , to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
Well said. I engaged in this crypto world since 2015 but until now I am still not good in trading. I always got lose with my capital due to lack of self control and discipline. I am greedy to the price of the token which is not good although I knew it but I cannot make sacrifice not to sale or buy that token. To be a good trader needs a serious study and a long time to observes and lessen to what the market moves.
Yeah i have seen some people just showing profits and those too big ones and on almost daily basis, this is a new kind of scam where they want people to invest with them or let them trade their account, those whos trade know that making profit daily consistently without loss is not possible.
The best thing one should know is that its your money so you should be trading it and not anyone else. If you do not know trade which is indeed risky then should not be trading it. For them investing is the best option as even Warren Buffet who is richest investors became rich by investing only. So better to invest in right coins and it will give you returns rather than falling n such scams and losing money.
People trade for different reasons and with different strategy. A trading strategy for long hodlers won't be the same as a short term holder, traders who profits from price fluctuations and the day traders who earns from trading. The priorities of event traders may not be same as of a grid trader. You first need to set your priority and devise a strategy for your own.
I believe that traders who have no trading experience for more than 10 years should not use credit money to buy assets. I had a very sad experience in 2018. 
That's the worst decision to be done by unexperienced traders. In fact when you were using the loan to buy assets and it's just like putting your life into your project. There was a huge chance for such a project to be a failed project. Its hard to accept but many newly learn in crypto trading do that and They think they can easily earn money with trading , like what their friends are earning. And wortse part is they became in depth and don't know how to paid those depth that lost in trading because of wrong decision in life.
Its ok to trade as long as you own the money you will use and not borrowed from friend because the risk you may experience in trading is very high and you may lost even you capital if you make a wrong choice .
Yeah i have seen some people just showing profits and those too big ones and on almost daily basis, this is a new kind of scam where they want people to invest with them or let them trade their account, those whos trade know that making profit daily consistently without loss is not possible.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
I believe that traders who have no trading experience for more than 10 years should not use credit money to buy assets. I had a very sad experience in 2018.
That's the worst decision to be done by unexperienced traders. In fact when you were using the loan to buy assets and it's just like putting your life into your project. There was a huge chance for such a project to be a failed project.
you're not entirely wrong.. but I still feel theres more to trading than you've just mentioned.. even when you're sure you've done it all right.. something could still go wrong... for me .. I say trade only what you can afford to lose
There is also hype in trading. For experienced traders, it's an easy task to fulfill while if they see the results, there will be newbie that will be hyped with their experiences. And in their mindsets, it's easy to trade and it's the fastest way of making money through cryptocurrencies.
But in reality, those experienced traders went through a lot and failed first before showing their successes to everybody.
Some of the newbies also have the impression of trading to become rich overnight having been shown some fake or Photoshop huge profits of some fraudulent traders in a bid to luring them into trading thus hyping them into it unprepared.But in reality, those experienced traders went through a lot and failed first before showing their successes to everybody.
I also advice newbies to learn the rope and acquire all the necessary skills and knowledge before delving into trading else their portfolio can get rekt within a shortest period of time.
TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage , to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
That's why we said that trading is not for everyone, because it really takes a lot of preparation not just financially, but you need to be mentally tough as well. Can you take seeing negative in your account? Are you emotional trading? So you need to have discipline and learn to control your emotions, you shouldn't trade with your heard, but used your brain to make logical decisions.
Patience, discipline, straight head, technical knowledge about the market, smart predictions and quick decisions make a successful trader.
There is also hype in trading. For experienced traders, it's an easy task to fulfill while if they see the results, there will be newbie that will be hyped with their experiences. And in their mindsets, it's easy to trade and it's the fastest way of making money through cryptocurrencies.
But in reality, those experienced traders went through a lot and failed first before showing their successes to everybody.
But in reality, those experienced traders went through a lot and failed first before showing their successes to everybody.
Jump to: