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Title: What extent can a baginner be confident ? Post by: Whytee on May 22, 2021, 11:49:13 PM It's can be generally agreed that consistency is a good way to build perfection. Personally I also believe that doing the right thing is also a key way to success. Learning is one of the procedure one has to undergo to be successful. I believe we are here to learn and to also impact.
I became enlightened about cryptocurrency few mouths ago, i decided to put my attention into studying more about trading bitcoin. Did my personal research and also downloaded some guidelines on how to trade. But there is no self confidence, I feel scared to invest. I still entertain the fear of losing. I thought it's best to gain confidence from other people's ideas and experience and to gather some advice on how to trade profitability. What are the necessary basic things a beginner needs to know to be confident and trade without much lost? Your ideals and advice are necessary.... Title: Re: What extent can a baginner be confident ? Post by: Bitcoin_Arena on May 22, 2021, 11:56:55 PM The lack confidence is probably because you are planning to invest something or money you can't afford to lose. this is very crucial because if you can't afford to lose it, you will be trading with lots of emotions and very little confidence.
I suggest you begin small, even 10 USD can do just for the sake of practice and gaining experience. Even if you lose it due to trading mistakes, you won't be depressed that much. Once you have some experience, I am pretty sure, you will have have some confidence as well. What you will be looking at are the percentage returns of investment and not just the USD value in returns. Title: Re: What extent can a baginner be confident ? Post by: SquirrelJulietGarden on May 23, 2021, 12:36:24 AM Your post has vocabulary inaccuracy. Mouth # month, baginner # beginner.
Newbies - Read before posting (https://bitcointalk.org/index.php?topic=1689727.0). It is one of sticky in the Beginners & Help board. Spend some time to read it, please. Trade. - Don't use margin because you are newbies. Take the bloodbath in the last week as your lesson. - Don't trade too much with shitcoins. When Bear comes, you will can not sell them or can sell but their price will fall a lot. - Don't trade with meme tokens. They will die soon. Quote I think this one below is a great source to learn technical analysis. https://bitcointalk.org/index.php?topic=5243113.msg54288751#msg54288751- https://github.com/learn-crypto-trading/learn-crypto-trading.github.io Technical analysis free tool - https://cryptowat.ch/ - https://bitcoinwisdom.io/ - https://coinalyze.net/ - https://data.bitcoinity.org/markets/volume/30d?c=e&t=b Visualized tools - https://bitcoinal.com/ - https://coin360.com/ - https://www.bitcoinpricemap.com/ Train your self using this crypto trading simulator - https://altcoinfantasy.com/ - https://bitsgap.com/demo-trading/ - https://coinmarketgame.com/ All of them you can use them for technical analysis always keep training. Title: Re: What extent can a baginner be confident ? Post by: cabron on May 23, 2021, 01:25:44 AM The lack confidence is probably because you are planning to invest something or money you can't afford to lose. this is very crucial because if you can't afford to lose it, you will be trading with lots of emotions and very little confidence. I suggest you begin small, even 10 USD can do just for the sake of practice and gaining experience. Even if you lose it due to trading mistakes, you won't be depressed that much. Once you have some experience, I am pretty sure, you will have have some confidence as well. What you will be looking at are the percentage returns of investment and not just the USD value in returns. He might not feel the pressure if he just put $10. $200 at least so the effort to learn and analyze the market won't go to waste. But I would actually be picking a cheap coin to trade when trying to learn like the TRX or VET and then practice trading on the 30min-1hr chart. It's accumulating that I think best to learn. If for example you initially got 2800TRX as capital, the possible result after a week, you could make at least 3K TRX. Title: Re: What extent can a baginner be confident ? Post by: mk4 on May 23, 2021, 04:07:40 AM [If you fear losing, it probably just means..
1. You probably need to allocate only a small amount of money 2. You simply get used to it (still with proper risk management of course) 3. Investing is not for you 4. You don't know what you're investing in, hence the lack in confidence Title: Re: What extent can a baginner be confident ? Post by: Whytee on May 23, 2021, 10:22:22 PM [If you fear losing, it probably just means.. thank you very much sir I really appreciate 1. You probably need to allocate only a small amount of money 2. You simply get used to it (still with proper risk management of course) 3. Investing is not for you 4. You don't know what you're investing in, hence the lack in confidence Title: Re: What extent can a baginner be confident ? Post by: Whytee on May 23, 2021, 10:26:35 PM The lack confidence is probably because you are planning to invest something or money you can't afford to lose. this is very crucial because if you can't afford to lose it, you will be trading with lots of emotions and very little confidence. wish you can see through this quote how honored I am. Thank you sir.I suggest you begin small, even 10 USD can do just for the sake of practice and gaining experience. Even if you lose it due to trading mistakes, you won't be depressed that much. Once you have some experience, I am pretty sure, you will have have some confidence as well. What you will be looking at are the percentage returns of investment and not just the USD value in returns. Title: Re: What extent can a baginner be confident ? Post by: nachitoloren21 on May 23, 2021, 10:29:47 PM Is it possible to earn with just 100 USD?
Title: Re: What extent can a baginner be confident ? Post by: akirasendo17 on May 24, 2021, 05:58:31 AM It's can be generally agreed that consistency is a good way to build perfection. Personally I also believe that doing the right thing is also a key way to success. Learning is one of the procedure one has to undergo to be successful. I believe we are here to learn and to also impact. Trading is not always profit and gains no matter how good you are there is still room for errors, most newbie traders really have a good chance to land a big profit, but always ending up with loss, why? they do not contend with the gains they have to achieve as a newbie trader, ill take me as an example when I first get a coin at the lowest price ever and get some decent airdrops, I already got profit like x100 I think, but since I want more I decided to leave it, now on trading, there are times where traders stop buying and start selling because they have gained enough profit while I'm too greedy even when the profit now is getting smaller I stick with it, and in the end, I lose everything.I became enlightened about cryptocurrency few mouths ago, i decided to put my attention into studying more about trading bitcoin. Did my personal research and also downloaded some guidelines on how to trade. But there is no self confidence, I feel scared to invest. I still entertain the fear of losing. I thought it's best to gain confidence from other people's ideas and experience and to gather some advice on how to trade profitability. What are the necessary basic things a beginner needs to know to be confident and trade without much lost? Your ideals and advice are necessary.... so what was wrong? too greedy, always get the profit or even try to take out the capital and play with the profit by investing it. Title: Re: What extent can a baginner be confident ? Post by: blackened515 on May 24, 2021, 06:57:29 AM Do not start trading when you haven't learnt completely on the trading tools and requirements. Never trade with all your savings and this will ruin your portfolio,
Have you tried trading with demo account to build up your confidence? This will help you a lot when you start using real money, trust me. |