Trading as a newbie? - page 3. | Bitcointalksearch.org

SaveOurSea

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Quote from: rojan on June 28, 2023, 11:37:33 AM

Quote from: JahriMeayer on April 30, 2023, 04:33:35 PM

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk. .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

Mahanton

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Quote from: Bushdark on June 27, 2023, 06:40:07 PM

Quote from: Franctoshi on June 27, 2023, 06:29:40 PM

Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

We don't need to love what we are doing, it is only for those who are not making the kind of profits they desired that will complain that they don't like trading. Once we keep making profits from trading, it will get to a time where we shall be very excited to be a profitable trader because we are making profits from what we are doing. If we keep doing what we are doing and we are making profits from its, with time, it's going to become an addiction. This is one of the reasons why many gamblers are now a chronic addict because of the results they keep getting that is making the to keep doing what they are doing.

I do somewhat disagree because putting up love or passion on what you are doing will really be eventually be putting up that kind of emotion or approach on which it might really be that helpful for you to sustain
on what you are currently dealing with. With having that kind of approach then you wouldnt really be finding things to be boring since you are really that eager on learning up something which it would really be just that a common approach. When things turns out to be sour or bitter then you would definitely be that able to adjust accordingly because you've been wary on what are those probabilities. Trading is never been simple nor
something that could be handled out easily because it would really be taking so much time and lots of efforts before you could really be able to find yourself sustaining and this is something that could really be
acquired so easily. Perseverance and good mind will is something that would really be needing when you do touch up this area.

ancafe

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Quote from: MingMining on June 27, 2023, 03:36:10 PM

You have given a very good suggestion that one should never join trading without experience and knowledge.Even if trading is started, first trade with small capital to minimize the risk of loss.Small amount trading will also gain experience and knowledge about trading.After gaining experience you can increase your trading amount but choosing the best coins for trading should always be the top priority.Always choose the coin that has the highest volatility in trading.Consistency is a very important component of trading.Therefore, emotions should never be used in trading.

We can only provide views according to what we experience, but all decisions depend on each individual who asks. Starting with a smaller capital to avoid losses during the introductory trading process that we are doing and I think following trading theory without doing direct practice will not provide insight. But we need to be involved in order to understand how and the provision of theory and advice from others can guide to reach maturity but do not come to a conclusion when not directly involved.

After everything we got from there, we will move slowly to increase the number of trades, so that consistency will work itself out because when trying to stay consistent, the way to go is to achieve profits according to the abilities and trading strategies we have. Because when all the processes have been carried out then we can achieve it even though on the trading journey we don't always get profits with the same strategy.

Quote from: MingMining on June 27, 2023, 03:36:10 PM

The most important thing is to start trading only after understanding and analyzing all the information related to the market.

That's the main thing that is most important and before being directly involved in trading, you should first study the things that are needed.

Patrol69

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People usually adopt different strategies to succeed in trading. In this case, the strategy you are trying to adopt may be the right strategy for you. But this strategy may not always work. Because sometimes it is seen that if the market increases by 15% but does not decrease by 10%, after the increase of 15%, it is seen that there is an increase of a few percent. That means the strategy you mentioned may not work all the time. In this case, if we can take trades by carefully observing the candles and the market chart, we may have more chances of success.

rojan

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Quote from: JahriMeayer on April 30, 2023, 04:33:35 PM

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk. .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Bushdark

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Quote from: Franctoshi on June 27, 2023, 06:29:40 PM

Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

We don't need to love what we are doing, it is only for those who are not making the kind of profits they desired that will complain that they don't like trading. Once we keep making profits from trading, it will get to a time where we shall be very excited to be a profitable trader because we are making profits from what we are doing. If we keep doing what we are doing and we are making profits from its, with time, it's going to become an addiction. This is one of the reasons why many gamblers are now a chronic addict because of the results they keep getting that is making the to keep doing what they are doing.

Franctoshi

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Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

Hamphser

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Quote from: MingMining on June 27, 2023, 03:36:10 PM

Quote from: ancafe on June 27, 2023, 02:14:01 PM

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

You have given a very good suggestion that one should never join trading without experience and knowledge.Even if trading is started, first trade with small capital to minimize the risk of loss.Small amount trading will also gain experience and knowledge about trading.After gaining experience you can increase your trading amount but choosing the best coins for trading should always be the top priority.Always choose the coin that has the highest volatility in trading.Consistency is a very important component of trading.Therefore, emotions should never be used in trading.

The most important thing is to start trading only after understanding and analyzing all the information related to the market.

Always start on small and never ever have that kind of feeling of confidence that you could really be able to stand on this unpredictable market on which it would it would be wise that you should make use of small

capital instead on going all in because its 100% that you would really be losing money on your initial steps and this is why it would really be that ideal that you should only spent less which at the same time you would

really be having that kind of learning curve while you do make use of certain funds which it would be allocated to it.On the time that you do see yourself on having some good progress then it would be the best time
for you to gradually be adding up that capital and position. You would really be able to find out for yourself on what you should gonna do because you would be able to see those differences comparing your
newbie self into that certain point when you do already have that experience and knowledge on handling yourself on a random market.

knowngunman

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Quote from: JamesDaniel90 on January 05, 2023, 07:10:08 PM

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

There's this saying that "experience is the best teacher". You can not have zero experience and attempt to risk your resources on trading. Trading is an aspect of crypto that requires experience fundamentally and technically. It is some how difficult to understand per say that not everyone will sustain in it with amateur knowledge.

Talking about making money, I don't think this is the right step for you unless you can be patient enough because some coins will take forever without increasing a decent cent. The percentage is not as you're thinking by the way. Forex trading might be better than what you are planning above.

You can not succeed in trading with mere self trial. Get your self a mentor, watch video tutorials, read and then practice. People with a experience are losing sometimes, imagine yourself without experience. You'll lose enough.

MingMining

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Quote from: ancafe on June 27, 2023, 02:14:01 PM

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

You have given a very good suggestion that one should never join trading without experience and knowledge.Even if trading is started, first trade with small capital to minimize the risk of loss.Small amount trading will also gain experience and knowledge about trading.After gaining experience you can increase your trading amount but choosing the best coins for trading should always be the top priority.Always choose the coin that has the highest volatility in trading.Consistency is a very important component of trading.Therefore, emotions should never be used in trading.

The most important thing is to start trading only after understanding and analyzing all the information related to the market.

ItsCrafty

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Quote from: omgitsmehehe on June 27, 2023, 01:54:14 PM

Newbie should pass the through the fundamentals and technicals analysis of trading inother to fill in the configuration of trades. One thing is to become a trader another is to be a profitable one at that. There are many things to know about trading, knowing the full potential of the market, what project to invest in, when to trigger a trade and finally the time to withdraw profits. Trading is risky and complex, newbies should be properly guided on the right thing to do, because if they're misguided with inappropriate tools, they will face the losing trends of the market.

To fill up the configuration of trades, beginners should go through the fundamental and technical analysis of trading. Being a successful trader is a different animal than simply becoming one. Trading requires knowledge of a wide range of topics, including the market's full potential, risk assessment and risk-taking ability, and your technical and logical thinking to analyse the trends of cryptos. The best thing that shows your knowledge is when to initiate or take your trades and when to take profits. Trading has multi-dimensional tricks that are not so complicated but a little bit risky when you rely blindly on indicators. So, I think beginners should have good knowledge and awareness of what to do; otherwise, they will face loss.

ancafe

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Quote from: Bitcoin_people on June 27, 2023, 11:12:23 AM

If you want to trade in the first stage, you must start with a small amount of money and gradually increase the amount of money if you get good profit. And you have to adopt more special strategies about the market, but you can become a successful trader in the future.

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

omgitsmehehe

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Quote from: ?? on ??

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

Newbie should pass the through the fundamentals and technicals analysis of trading inother to fill in the configuration of trades. One thing is to become a trader another is to be a profitable one at that. There are many things to know about trading, knowing the full potential of the market, what project to invest in, when to trigger a trade and finally the time to withdraw profits. Trading is risky and complex, newbies should be properly guided on the right thing to do, because if they're misguided with inappropriate tools, they will face the losing trends of the market.

Bitcoin_people

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Trending basically requires a beginner to practice different aspects and know market strategies. First of all if a newbie wants to trade then he needs to do a good analysis about the market. Then he has to learn when to trade he can make profit and when to trade he has to know about loss. When the market is in a bull market, do not trade from a bear market and sell later. If you want to trade in the first stage, you must start with a small amount of money and gradually increase the amount of money if you get good profit. And you have to adopt more special strategies about the market, but you can become a successful trader in the future.

riskarcher

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Quote from: LastKiss on May 25, 2023, 08:14:15 AM

Quote from: awik p on May 25, 2023, 03:00:06 AM

Quote from: Nazmul012 on May 23, 2023, 12:51:27 PM

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

That's why we should use stop loss lower from the support, if we do an analysis we should know the support line. It's better to spend our time doing analysis rather than spending our money in vain, as a newbie having a good mindset and want to learn is already enough, something like stop losses, leverage and others can learn after we are used to trading.

Yeah agree, stop loss is very important on bear market situation, we never know how whales set up the market in the current condition, especially their have control to pumped and dumped target coin they want it

Dessy88

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Quote from: ?? on ??

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

If you can get best knowledge aboyt trading from by this forum then you could manage success trade. For the first time many newborns loss there money from first time trade. Besides that they leave quickly in the crypto market but i think It's three wrong work.

LastKiss

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Quote from: awik p on May 25, 2023, 03:00:06 AM

Quote from: Nazmul012 on May 23, 2023, 12:51:27 PM

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

That's why we should use stop loss lower from the support, if we do an analysis we should know the support line. It's better to spend our time doing analysis rather than spending our money in vain, as a newbie having a good mindset and want to learn is already enough, something like stop losses, leverage and others can learn after we are used to trading.

kapalmabur

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Quote from: Nazmul012 on May 23, 2023, 12:51:27 PM

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

It's true I agree because before starting to trade or invest it is very important to learn fundamentals and more,
by learning a lot of things at least it makes us know what needs to be done,
what is clear is that everything needs a process, nothing is instant.

awik p

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Quote from: Nazmul012 on May 23, 2023, 12:51:27 PM

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

petulino

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Quote from: ?? on ??

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

You are absolutely right that learning is the most important thing in trading. As the trading platform is very risky where there is no room for error. If trading is started with a small amount in learning trading, it will also provide learning experience and minimize the risk of loss.

Because in any business you don't make mistakes while learning, your experience won't mature. Always learn from mistakes. A trader will never learn until he gets into the real world.

Topic: Trading as a newbie? - page 3. (Read 2895 times)