Topic: Tips to actually start earning from Trading & END LOSES (Read 862 times)

  It sensibly a good idea mate, beginners must peruse the methods of what field they have penetrated. Having wisdom on dealing trade can create liable strategy that can defeat from loses and have to be risk taker for every consequences. Thus, I believe that no one can end from loses because luck will always lead a way either to lose or succeed.

This is my tips and advise for the newbies, the first thing you should do first is as yourself first for the question like this.
Are you willing to take risk? because bitcoin or crypto world is like a gambling game when you are in the actual trade.
Then, have a goal target, Read books telling about trading whether it is Bitcoin or crypto, then how much do you want to earn for this month?
With this methods you will find out in the end the outcome of your choice anyway.

If you feel you have lost your investment to declined value, I think you have not completely lost it which you should not be sad about because you will surely recover it once bitcoin goes back to its ATH which it will sure do, except you tell me you have lost money to margin or leverage trading which I am indeed sorry for you because you can’t recover that again.

Well, we cannot all do more than our capacity, time to move one and probably just stick to holding which is more reliable because no matter the decline, the coin will surely rise back and far more than our investment capital.

Literally we cannot end our loses in trading because it is a part of trading and everyone can experienced losing not all the time we are earning money. Because only possible that we can do that is to minimize our losing in trading and this is possible. But for the tips traders can use to start earning to the trading but depends to their taste what they apply and not to theirself.

Trading is very rewarding and at the same time its very difficult to as stated by thread stater. A newbie makes a good profit in the beginning sometime but after few days of trading all this profit gets washed away along with the principle amount and I think many of us have faced such situation. Trading always need to done with planning, keep all emotions aside which is the most difficult task to do, keep your greed and fear in control, keep trade size as per your risk appetite and accept your losses as well.A planned never stressful. Do not take high risk as market is always here but you equity must be there to take a trade. Never fight with the market, if it is going in opposite direction just accept the loss and keep practicing your trading skills on demo or small account before going live. These are some golden rule to become a successful trader.

There are really good projects but I would doubt buying the token. Even those teams try to figure out and develop hopefully token economics. You most of the time actually invest in the team, and I can say that there are only few teams out there that I can trust.

Sounds so easy, how do you know that the point you are placing order for buy is actually the bearish time, what if the coin you are trading drops and because of your believe that it will rise, you enter trade, but at the end, the coin keeps dumping until you probably lose the trade. 

Don’t think trading and holding are the same, this method you said is easy for holdlers, but for trading, it is not as easy as you think, most especially for those who are doing marking trading. If they make any mistake to buy at the wrong time without trading their chart, that might really be the end of that trade for them

Not quite true bonker what suzanne said is pretty much correct its easy to say that buy in bearish time but the most difficult task is to identify such time. Which label will you give to the current market phase of cryptocurrencies? Bullish? then why are people entering the market to gain more. Every trader no matter how experienced has to bear some losses. Stop losses get hit almost everyday and this is part of trading you will lose 30% of time and win 70% of time the 20% will be your profit if you are able to sustain in the market with a correct money management strategy.

I think you should have a copy of this thread on "Beginners Guide" so new trader can apply these method and stop losing money. I never read any of those trading book, thanks for the recommendation I will try to read it for the betterment of my trading skills. Slick thread btw!

Learning and giving the tips is very simple for everyone but following them properly and executing the right strategy in correct period of time will be the way to success otherwise if you got the Talent to learn and easily teach someone will not give the success for you so it is not important also to become a successful person.

Before that, thanksfor all advice you gice in this thread, totally all of this advice is very much appreciated.
My opinions about what you stated are

1. I don't think if we plan, i mean every plan will just so easy as you said. yes maybe one or some plan won't run but for me it's just will make us stressed if all plan gone wrong.

2. Yes, basic will be a good way to start especially in trading but it's also use the old method which is sometime today, those trick can't work

3. I think this one is the hardest part, as we know trading strategy is very tricky, i recommend to use 1 strategy for 1 time use. never use the same strategy because the condition wasn't always the same

Why not good for trading? If the market seems bearish then its good time for buying and when bullish its time to sell that is how the trader will react and keep doing again and again will make us to be in profits.

Hey buddy, all investors have money, but money doesn't guarantee you profit if you don't have any knowledge in trading. journals from experts, plans, and strategies are very important in the final results of trading.

Anyway, low marketcaps doesnt mean a bad idea, many altcoin have volumes below 1 btc but have high movements and price increases. the most important is not the amount of volume, but seeing the quality of the project or coin, has potential or not?

Sometimes, listening to the advices is really good but when you're in actual it is really hard to do it on your own especially when you are already at lose moment how can you apply the so called "control your self" when you feel like giving up in crypto because you lose big amount of your whole assets. That's why I am now believing that if it's your time to win you can win it no matter what. Yeah, trading needs so much effort to think and knowledge on chart and market is a must but look even though they predict something about the price it is really good when the price goes to what they want but in the end all was hoping that their speculation is right even there is big possibilities that it will not go according to what they think.

No one is ever good in trading skills buddy. Ask most the experienced day traders they will tell you they sometimes experience huge losses but letting go of the loss moments and learning from it is what make them handle every situations. Mind you,  it not every market conditions that are good for trading.

RSI doesn't merely means checking the overbought or oversold condition instead RSI can be coupled with your price action to know the right trend of market or right point of entry. In general if you are going to long the market always do it when RSI is above 60 as that signifies a positive uptrend while anything between 40-60 is considered sideways and one should not trade at these times. While in case of shorting the market better look for RSI below 40 as it signified a good downtrend in the market. RSI can be pretty useful but Price action is always primary and is the king of technical analysis.

I think if there is a fast movement of bitcoin price or a small bull run that happens, you can make profits and you don't have to wait for a long time. But the bull run will not always happen, and sometimes, you need to wait for a longer time. But if you want to invest in a long time, then I suggest that you don't tempt with the price so you don't make something that might give you loss.

There is no other way to end the losses if we are not trying every chance in the market. We need to analyze every possibility that might happen so we can stay survive in the trading. I am sure that every trader can analyze and they can make a profit.

that's true and i'm doing it right now and this day i have got the bottom price of (called X coin) and then it jumps back again at the top and i got instant profit without even waiting for the bull market. that depends on how we can put a good prediction and try to place at a good rate to get the bottom price.
When we are doing trade and something that will determine the result of our trade is how good we are to catch the flash dump or bottom price. I don't even care about the bull as long as i get good liquidity in the market.

In crypto investment impossible to predict all the days because bear market is available in this month so everyone easy to handle and all are explain easily handle with all the situation. Most of the experts are millionaire so they can manage all the situation, But reality it is impossible to handle in all the situation.

When someone is very good at trading skills then they are not going to wait for the bull run since anyone can make profits when the market is bullish and the one who knows how to handle every situation will take advantage of the current market condition and will extract profits from there.

Okay the tips you have given here is good, though its no longer new, but the heading is wrong, cause there is no way you can end loss. In trading, you can't trade without losses the only thing you can do is reduce the rate of losses that comes and try to make more profit than the losses, that means your trade for that day was profitable and not a waste. Having goals and strategy doesn't mean that there isn't going times when loss will occur.

Losses ate going to us open but it's left for you stop it at the earlier by making use of stop loss, you can then get back in the trade and apply the rightful strategy to recover the little you lost and also make some extra gain.

Everything is possible for a trader who has the proper knowledge of how to deal with it in different conditions but is impossible for those who are not much enriched with the knowledge of how to trade and understand it. Technicalities when are fully understood by a trader then there is nothing much difficult that can prevent us to reach out at our target. The most preferred strategy is to hold it for bull.

Wherein this should be the right time that the market is very volatile to make cool money, life is full of risk, and if we dent take some certain step of success, we might remain stagnant. This period should not be difficult for traders, I understand the fear, which is why they have to study market behavior first and see how they can also jump into the market within the possible best time.

This period, traders should have seen that it’s a period where every increase we see must surely have a dip, all they need to do is just to wait for the price to go very high first, After which it won’t be long before they see a price retrace for them to buy, no matter what the retrace is, it will always bound back because the market is already in an uptrend market, so there is no fear of bears again.

Right now there development of Bitcoin is more increased so in this time we need to do the trading little by little boy only when you sell and buy very quickly it will not give any profit so invest long time under trade that is the only opinion from me in this situation.

To get a better result in trading you need to adapt yourself for the current situation otherwise it will not been useful for you especially trading is filled with tips and strategies if you follow the same strategies also you cannot be successful so making your tips and strategy for the situation and its needs it will really helpful for getting extra profits.

No one can be always successful so strategy is also will not work 100% and others stratgy will not work perfectly for you,just get inspire from the strategy and create your own which will work perfect for you.

Basically new traders have fear about trading during the pumping time. Its because they think that its already climbed up a lot and now its gonna crash down rapidly where in most of the cases they lose the chance by this way. Yeah its true that nowadays coin price manipulated by a group of traders or investors. So its pretty much tough to predict about a coin price. In that situation its really important to be updated about the pumping trade.

There was a time when coin manipulation wasn't a common thing on the field of crypto trading but currently its been a daily Incident for Worldwide traders. For this reason many new traders lose their fund for lack of experience and manipulation is also convicted for that.

Actually it does hold a lot of value but you have to use it in the opposite direction. As I said, bitcoin had big gains these 2-3 weeks, the RSI was overextended on the daily chart for days, however when you look at the smaller time frames like the 5 minute chart you can see the RSI works very well in the opposite direction (when it's oversold)
Clear example here:
https://gyazo.com/63cea083382aa3fd8376a6496a97b35b

Literally everytime the RSI was oversold a big bounce happened, 200-300$ within a few minutes.

Other startegy is very nice but not all because some information I think it's not works but thank you for sharing.
Ending losses will not happen but we can prevent or decrease it because what ever strategy or tips that we use if the coin dump we can lose money.  But for the startegy we can use it to start earning money.

Only few people consider trading as serious thing and they are doing all the things as much as they can and they are getting benefits as well.Many people think giving time is only enough to make profits but it won't,when we have only the desire of making money it will give the boost to work but we need to find the right way of doing it then only we also can be one on those few successful traders.

RSI doesn't hold much value as long as the demand is stronger than the supply that's being dumped on the market. It has been oversold for so long that people kept calling a dump till the dump actually came.

If you call dumps long enough you'll be eventually right. It's not based on any technical understanding, but purely a lucky guess. The market has fooled a lot of chart cowboys in the last couple of weeks.

People are better off staying away from short term trades and stick to hodling and secure small fractions of profit every 20-25% the price goes up from here. Trading retail fomo is gambling, can't make anything else of it.

You can't really avoid or end losses in crypto trading, the nature of how it is unpredictable and volatile makes predicting the prices really hard, so loses are bound to happen at some point no matter how confidant you are with you trades, the only way to minimize the loses is by maxing your profits, and to do that you need to actually know what you are doing and not just doing what you see others saying or predicting how the price is gonna change, but you have to be patient and not greed, and make your decision based on your own knowledge.

I agree with you on everything. Self-discipline and strict adherence to my goals helped me a lot in my time. Your every step must be thought out to the smallest detail. If you are ready for any outcome, it will make you almost invulnerable. Therefore, only a small percentage of traders really earn well, because it requires a lot of effort.

''journals of big traders'' all this fancy words..... investing is no doubt the most risky, most difficult thing. All those people see on the internet teaching investing, forex etc. quotes, videos, e-books. All total bullshit.

Let me tell you what you need to be successful in investing, trading and business, you need money! that can keep you in the game even when you fail and make huge loss many times.

When we literally doing it, it's challenging and exciting at same time. Most of the time trading requires dedication to push it, better do day trading when have time to really earn, some coins are meant to be trade as others to hold

Right now its the ideal moment to use the RSI to trade. After big gains like we just had, check the 5 minute charts and you will see every time the RSI was oversold bulls bought the dip, when this stopped happening we saw the small dump to 7000$.

Some traders do not use fixed strategy, they use a strategy that is flexible or without plans and fix targets, which they think can be much more fun and not boring and certainly makes their adrenaline peak. even though trading is about money, they can lose if they are not serious about trading.

I wouldn't call it fun. I think if you derive fun from trading, you must either have a lot of money that you can afford to lose, or you're earning a commission and trading other people's money so there's no repercussion for making bad calls in trading.

Passion I can understand. Even enjoyment. But I'm not sure about fun. I can enjoy something without seeing it as fun, I can have fun without really enjoying.

And Crypto? I enjoy. There's very little fun.

I actually like the tips and found it really true you really need to follow it in order to trade properly ,
But the only thing is it really sounds so easy but so hard to do we all know it and most of us are still losing some money at trading.
We know what we did wrong but we still get to do it on the future because of our greed and it is so hard to control it.

I think you will only be an earning trade when you actually try to trade for money rather than just trading to fulfill your adrenaline rush. Even if that's a case then better take a pretty small account with something which you can obviously afford to lose. But yes then it comes to even serious trading even a fixed strategy may tend to lose its effectiveness due to some financial catalysts in play which might make your setup less efficient over long time. In such a case better start to experiment by deviating very lightly from your strategy. Moreover what I have seen with passage of years is that Emotion does plays a role in trading like it's the fear of losing capital only that will help you follow rules of trading much more religiously. And obviously increasing leverage exponentially can obviously affect the risk/reward ratios

I don't think you need to mess your trading plans and strategies like making an increase in margin trade or leverage just to make you hfun, a passionate trader will certainly be fun with whatever plans they make, whether fixed strategy or something like that. I don't blame you if you're boring, but it looks like you don't enjoy every process in trading

This is not a tip in my mind. This is basic training course. When I first picked up trading myself all those years ago before crypto came into existence, this was the important lessons part of trading 101. Enter and exit with a target in mind for every single trade. Nobody ever goes in and "let's see what happens and decide later". If you trade without limit orders, you are just asking for trouble. Flash crashes, flash spikes if you are shorting?

There is nothing better than trying yourselves and finding you winning strategy,you can't be successful by reading books of other people which will give an idea but not much useful though so its just wasting your time.

When you are just a newbie then don't try to hit high targets and also don't pick shit coins for high profits just stick with coins like bitcoin and stable coin par and start making money soon after your started.

If I'm sure of the option I have put I'm never going to put a stop loss, I just risk that money (I always mind how much I'm trading). I do this especially when I'm trading forex and bitcoin as well. There are sometimes you make an accurate prediction but at the middle of the process, things will start to seem like they have start going the wrong, if you can't hold on and have patience to see if it will change route and go back to what you have predicted, it might be at that time you have stopped your trade that it will going back. Difficult stuff.

I don't think it's advisable to trade low market cap coins/tokens unless you're planning on engaging in pump and dump scheme (which you're risking your fund as that isn't trading but gambling) and most times ends on being a scam. Low market cap are more suitable for investing i.e buy and hodl than trading even bitcoin (with all the high market cap it has), most times is difficult to predict its price movement talk more of low market cap cryptocurrency. When it comes to trading, it's best you develop your personal strategy and don't depend on someone else strategy. It works for Peter doesn't guarantee success for John.

The ideas you have shared is a very nice one and I think many of those that are newbies will actually benefit from this "trading tips" . I think it is good to advice that your understanding on when to buy and sell at the time and  remain in profits is one of the best thing that can happen to any traders and we should strive to get those understand.

I dont agree that low market cap coins are trash,to be real most are profitable,trading is based on price,look at 1337 many traders got so much money from 1337 coin last year  specially those big holders and guess how much market cap it has 1m$ before pump.

One of the important things in trading as you mentioned is risk management. This is a traders ability not to over trade and to measure his or her order based on the money he has in his balance. I believe newbies won't understand this easily but I hope they keep to it because it is one way to a successful tradeing.

Trading is really easy once you can study the crypto market very well to know when it's time to buy in or when it's time to take some profit, though you might not be able to know this until you can contact a professional trader to teach you how it works, this is where some persons fail because they don't want to waste their money paying some persons to teach them how to trade crypto, but they can fund their balance with crypto and end up losing all of it because they don't really know how to study the market very well.

What a useful tips to remind us traders that we should not lost on the right track. I have downloaded the graphic as to remind me my goal at the first place. There are times that i tend to forget some of written here especially that tip no. 5. Discipline in trading is the most significant attitude if we want to become a great trader. Emotions are entering but we should have a self disciplined attitude.

Target profits, based on my own experience is really hard to achieve when the market is so unpredictable. Sometimes, indicators are being useless and the target profit can not achieve.

I see many traders were trapped into their emotion especially if the price can jump to the higher price in short and they become panic because they don't want to lose the chance to take the profit.
They feel that they need to place the price at a higher price so the profit will bigger.
But they forgot that it will be their greediness to chase the profit because in the next minutes, the price will not always increase and they lose the chance to take the profit.
The bots don't have those feeling, and they can almost always take the profit with the right setting.

Those are all major thing to be needed when you are engaging into trading but also into other investment which it do really
require some analysis,knowledge,experience,discipline,emotion control,setting goals etc. Except for that no. 2 that you had
mentioned.Reading books or any preference from big traders isn't really bad yet you can get out some ideas but each
trader do have its own trading ways.If you decide to follow their steps then it wont be that easy yet effectiveness
of strategy wont work to anyone.It did work on them but not for you that's why we do seek on our own.

Great points you mentioned. especially rule number 7 "Have a target" because if you will enter a trade without a target you can lose focus taking your profits which is the goal of the whole Idea behind trading. '

This is a great guide to start with for newbie traders I think. Most importantly the emphasize on money management makes me realize that why most of the traders lose money they think that earning in trading is something which can happen over night. What they don't realize is that it requires persistence and some great level of hardwork. Moreover consistently trading is something which most people don't do as they quickly start to thinking trading as a scam or something
Yeah pretty well said emotions play a bigger role than what we see. Only Practicing emotionless trading will fetch profits
 in long terms and only this is the reason that why most of the trading bots earn profit even with a algorithm fitted by humans while humans can't earn the same.

We already have seen that being greedy can make us lose to catch a good chance to make a profit because we have a passion for chasing a bigger profit than what we can see.
To earning in trading, you don't have to chase more profit if it is difficult because that will be the same if you can take a small profit but you can get it in over and over, and in the end, your profit will become bigger too.
If you still use emotion in trading, then maybe you need to learn about controlling the emotion in trading because that will prevent you from making a profit in the long-term.

I add another tips, always up to date about the crypto currency news, gossip and issue. Also check the crypto market everyday.

Like what happened in the last few days. Cryptocurrency increase so high since 2 days ago and me as a trader will buy bitcoins yesterday when the price still at $6,700 and as you can see now, the price is at $7k+ right now.

Kinda inside voice trading. It is boring to trade with a fixed strategy and money management. Sometimes, for adding more fun to trading I increase the leverage or take margin from trade. Depending on the trade expectation, profit/loss ratio is managed by fixed rules in my personal trading journey.

Very useful information, thank you. The most important thing is to get knowledge and therefore we should start with theory. This is a very important point, which is neglected by many beginners. You wrote it right. In fact, it is not difficult to trade. The main thing is to be disciplined and not to neglect the rules.

Keep going, that's part of trading, been missing out this bear season but now it should be a come back time even in trading, we can expect losses when we trade but never let your emotions eat you keep studying the OP list will really boost our attitude in trading and know whether there is a coin that can help you earn.

Being in greedy will never have a good result but instead, it mostly ended up into losing. Ain't that really bad if we go for emotion trading if we know our mistakes and even recognized our limits. It sometimes I used to have my instinct will play in trading and it is quite some time that it will work well.

It's hard not to trade on emotions but you have to remember this is a game and we have to always look forward,don't look backwards once a trade is executed. Little profit is not a bad word my friends, be contented of a the small amounts you gained. It is better  safe +10% than a wannabe +100% of no assurance, people are just greedy sometimes but can't blame them, we are human after all.

Your advice is very interesting, however I am very interested in the books that you put, although the direction you focus on is Technical Analysis, all the books that you have put them through, because I am a fan of Trading books , and although they are focused on the use of indicators and chartist figures, they are excellent readings.

However, I could recommend some books that have helped me understand the market:

1-Theory of Wyckoff, by Valdecantos.
2.-Wyckoff by Richard Wyckoff.
3. Memories of a market speculator Jesse Livermore

In conclusion all related to Wyckoff and Livermore, if you can also everything that has to do with the author: Malkiel Burton.

I assure you that reading those books will change your way of analyzing the market, it is not focused on analyzing in a technical way, but in a way that market speculators do.

If you can read them and once you do, let me know and share what progress you have made in trading.

A great tip but newbies doesn't really do this kind of work because most of them are too greedy,
They would just jump in the market without a plan and they just want to get a profit .

This is true all of them should be a great reminder because most of traders think that it is their investment, And most of them doesn't have a plan and a stop lose that is why they are lossing too much.

Yes, it is good luck to come and trade at the right time when the market is in good condition, all that happens is how we manage it, have no understanding after following the crypto trade because it is very high risk when the market is not friendly, very good momentum must be used as well as possible, calm down and don't panic too much, and turn off knowledge about trading and crypto.

Stop Control Lose still difficult for me, I can't set it properly sometimes the market hit my stop loss and the price back up again. Anyway this its a good thread more than 70-80% I already using them.

Did you know that new people have a big chance to get their luck in trading?
It's true they don't have better skills like others, but sometimes, they are a very lucky person who can make a big profit in a short time.
I've seen that things happen in my trading time and I see that one or two people can get that profit even their profit is bigger than me because they have a good feeling in trading.
But after that, if they don't learn anything, they could get a loss and from that, if they don't realize what their mistake, they will lose all of their money in trading and they will say that trading is not work for them.
Learning a single indicator more important than you learn more than 5 indicators because with learning one indicator, it makes you focus on the market so you can see a chance to make a profit.
One person who can master one indicator can beat the other people who learn 5 or more indicator, but they don't master all of 5 indicators like the first person.

Yes, rightly said everyone thinks that getting a trade setup and doing technical Analysis is Solely trading but in trading your trade setup accounts for merely 10% of the whole game. 50% is of money management and risk minimization while remaining 40% is control over emotions. The starters learn the 10% and think they have understood the whole game and the advantage of the same is taken by huge whales.
I don't agree with you no one can ever got profit in a short time especially if you are absolutely new. Making losses in the start is like a fees that you pay to the market to teach you lessons. Moreover merely knowledge of indicators won't help. I have seen people earning millions on naked charts and use of single indicator. Infact, a complex trading system will only make you more dubious about your trades. Only answer for every trader is money management.

The successful trader is only for a person who can learn many things related to trading.
He can get the main point on how to trade with using analysis, and he knows how to analyze the market.
As long as he can use one or two indicators in the market (better more indicators), he could get a profit in a short time, and even he can do to get daily profit.
But that will only work for people who have a goal that he needs to achieve in trading.
There is a lot of things to learn for every new people who want to get a profit in trading.

I couldn't agree more with you. It is a very good info for the newbie traders and it is never enough reminding them what trading actually is. Most of them treat trading like gambling, without

a) previously setting up a some kind of trading system, and
b) backtesting it to see if there is a chance it can be profitable.

And, most newbies play the short game: they want to make money fast, while in reality they should be playing the long game and aim for realistic profit targets over longer periods of time.

You have also mentioned risk and money management. In my opinion, risk management is the single most important thing in trading. And how many newbies actually learn it before trading? Not many I would say. That's why they fail.  

Manipulation exists in all types of market. No market in this world is free from insider trading. Moreover pumps do make trading pretty difficult. But staying away from pumps and doing technical analysis still pays a lot. Infact, sometimes pumps which we think are manipulation are reaction of major traders to some great indicators of bullishness. Enron scandal itself unfolded upto what extent insider trading & manipulations can be done in stock markets too.
Absolutely true. I generally think that if you are not already in the ship when the pump took place it's better to stay away from it once it has started.

having a low market cap is not the reason why trading those tokens is a bad idea. the fact that they are purely pump and dump coins makes trading them a bad idea specially for a newbie who is not yet familiar with trading or with the market itself.
otherwise if these coins weren't 100% manipulated they could have been good choices. but now you only have to know how to go around pumpers and make your profit before they cash out (aka dump) otherwise you get stuck.

I like the advise in your graphic table especially number 11 on the log.

Accepting that everyday isn't a winning day will make a trader not to be greedy, like is going to be seen as a game then you see more profits because you are taken your trade as a game. Number 10 is also another good advise that newbies need to adhere to.

Do they ever work in crypto? I mean newbies trade trash tokens with a market cap below $5m and they plan of making money with technical analysis, seriously? Even Bitcoin can be considered as a low market cap asset now.

 :)I have seen people lurking around here and there finding someone who can guarantee them great success in trading and help them earn huge profits. Trust me there is no one who is going to help you out personally to earn profits. All the fake gurus out there betting to make you earn are only there to fetch some dollars from you. It is quite a known fact that only 3% of traders are actually able to take money out of the market while 7% remain almost at breakeven. While 90% lose most of their money most of which burn their whole balance.

Trading is the most rewarding career as far as I can see therefore is equally difficult too. You can't be a persistant trader in a day or two. It requires efforts of months or even years to become a great trader but here are a few things you should do as a newbie starting off:

1: Have a goal for yourself and a plan to achieve it. you can set your own goals but make sure they are realistic. Like goal to earn $1 Million is realistic but making it in a day or week or even a month is unrealistic.

2:  Read Books and journals of big traders A very important step in trading. Its better to learn off from the mistakes of past trader than to commit them on your own. For that read some books. Here is the list of great books for newbie traders.
  i. Market Wizards by Jack D. Schwager
  ii. 3. Day Trading For Dummies by Ann C Logue
  iii. Mastering The Trade by John Carter
  iv. Technical Analysis of the Financial Markets by John J. Murphy
  these will help you in finding your trading Style

3: Make your own trading setup and strategy & follow Risk Management: This is the hardest step hit and trial your favourite indicators to find a setup that suits you the most. Don't ever copy someone's else setup whole on whole it's never going to help as everyone has a separate style of trading. Never ever underestimate the need of risk management it is of utmost importance.

4.  Make your own Trade Journal: This is the most important step which most of the traders find bouring. See it's utter truth that you will lose a few initial trades but to make sure that you learn from these losses make a trade diary. Record every trade including the reason you traded it and result along with the reasons of failure. This will help you not to repeat the same mistake in future.

5. Do trading regularly in a disciplined way: No one has ever built up a monument in a day. So it takes time to build a great portfolio but just a few days to destruct one. So keep your risks low and trade everyday here is something that can motivate you. With an account of just $100 if you profit everyday at a yield of 2%(which is pretty low in these volatile markets) you will have a portfolio of $3500 in 6 months. That is 35 times return and compounding just never ends so try to keep your daily targets and try to achieve them too.

Here are links of some great sites that can help:
1. https://www.tradingview.com/chart/GBPUSD/B3HvNCh4-Power-of-100-trading-plans-review/
2. www.zerodha.com/varsity
3. https://www.tradingview.com/chart/BTCUSDT/kestHGNN-This-is-Why-Beginner-Traders-Lose-Their-Capital-1-No-Strategy/
4. https://www.babypips.com/learn/forex/

Here is a graphic which truly depicts trading



PS: You may share your love with merit.
I will bring more tips for intermediate traders soon.