Bitcoin Forum

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

If you have made gain as your first start. You should have secured your profits already or your capital.

In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experience with the market.

It's a normal process that you're going through.

It's quite impressive you made a profit in trading, what coins are you trading, if i may know and how much time do you need to cover your initial loss so that you get back and make a profit of $450.

From your story, I judged that you started trading crypto with a capital of $200 and the coin went down, you lost, after that you got up again and made $450, so do you still trade on the same coin when you lose or you move to another coin, from the rest of your capital, so you make a profit.

I believe you started your trading journey from the tokens received as rewards for bounty participation. It is quite interesting that you made $250 profit from the first trading. This could've given the understanding about the basics of trading.

Further what needs to be done is choosing of the right cryptocurrency to make profit. Also you should not think of making similar profit as the first trade. This could lead to long term waiting, so good is to make minimal earning out of the regular price fluctuation.

What high profits do you mean (in percentage)?
It is very difficult to achieve multiple profits in the spot market with top coins and using common trading strategies. The only chance is if you accidentally buy a hype coin.
Or you can try margin trading with increasing leverage as you adapt your skills to this type of trading and the risk involved.

I don't think there's a trading knowledge that could take you to the next level? All trades are, in a sense, of the same level really. It's just a matter of how much you can actually expect the market to move towards which side. Maybe the next level you're talking about is that? That's just honestly collecting info about the market, analyzing them, and then creating an assumption based on that. An assumption, nothing more, nothing else. Honestly just keep doing what you're doing, losing money is always expected in trading, nothing unexpected.

Cryptocurrency trading is extremely risky because they are volatile and no one can give you or sell you instant knowledge of how to be successful. The most important thing is to gain experience, and you can only do that with time, which means that you will, unfortunately, have to lose many times to learn something.

What you need to know is that trading is not for everyone, and that most end up losing their money or giving up for a small profit. It can also be very stressful and affect human health if it goes to some extreme. If it were so easy to make big profits on cryptocurrency trading, then everyone would be successful - and the fact that only a small percentage really gets rich means that a lot of ordinary traders like you have to lose their money.

Your loss is someone's gain, and the question is whether you can be on the winner's side in any way.

Try and pick a trading strategy out of the numerous ones available on youtube or forexfactory work on it and practice with it first, embark on demo trading by a means of virtual money, moreso you will need to learn technical analysis using candlestick patterns, learning this aspect of trading will aid your trading journey, thereafter after earning profits consistently using demo or stimulation, though losses are inevitable but few losses with many winning trades will guarantee profits, thereafter you can continue with your live account.

The first time you get your first trade it was a matter of receiving a lot for you. But later on you suffered a loss due to lack of sufficient knowledge for you. However, now that you have enough knowledge about trading, you will benefit from trading.

I think you have made enough gain within the short time as a newbie here on trading .I think you were so lucky that you didn't face any unpredictable thing on the market at the time you mentioned .These period was totally on bullish part of the crypto .However we all know that trading is a tough way to earn ,its good that you have earned much from your capital and you need to more careful for the next move .I think you should learn on different project like you did for a particular project that you trade for .You have to learn everything depend on fundamental and technical as well .That's how we can go ahead more on trading .Hope you can earn always like that you did .

You don't need any basic knowledge anymore more except you want something more sophisticated and you still don't need that. What you are looking for is simply a trading strategy and not to enter every open position available to you. So you are the one to teach yourself that, build or develop a strategy by yourself.

What I will ask is, you made the profit? So what did you do to make it , follow it.

Again, you lost and what did you do to lose? Stop it.

You regained your losses, nice job and follow that. That is a about trading. Keep following what works for you and not what doesn't work for you  Good luck to you.

for me, don't be in a hurry to get high profits, shouldn't every business be done gradually. like crypto trading, of course we have to learn a lot and seek trading experience, so we can be calm when trading. did you feel comfortable from your trip, when you lost and recovered? Of course, learning must continue, so that we can enjoy trading even if it is profit or loss

That's a great start, making profits means your approach on trading is effective, however, I think what you need to study next is the risk management, you know, to avoid losses. Trading without any risk management knowledge will lead you to losses that you can't even afford, losses that will make you a very compulsive trader. Controlling your emotions is very important as well, so you can avoid entering blind trades without even doing a solid technical analysis.

What you've done and are now experiencing is normal. It takes a few losses to learn how to learn how to make profit and that profit only comes with hard work, dedication and market tracking.

I'm glad that you're at a stage where you're seeking wisdom from the community but there is not much we can say other than track, track and track the markets, then invest with knowledge and confidence.

If you haven't got the confidence then don't go all in...

Trading is about the journey, and making sure that over time you pick up that knowledge which nobody  can give to you, you must acquire it for yourself

Yes sometimes in trading there is luck. But luck will not come continuously, therefore you must be wise to use your funds. At least you don't use all your funds to buy a coin. Leave your funds for backup if your analyst direction is wrong. Losses are certainly experienced by traders, but we will learn with analsis experience. Although analysts don't guarantee you no loss, it just minimizes.

When I made the first profits I saved some and added the remaining capital, I have been trying since then to make good profits in the future that is why am looking for alternative ideas outside my experience.

Your never a successful trader until your sustainable at making profits. Its just the way it is in this line of work, the loses would always come, but your net profit defines how well your doing. Kudos to iou to have made a few bucks in your early approach with the market without mentorship or any form of learning. Its a plus for uou but, its not very advisable to jump into real trading without any proper knowledge of the market.

For this reason, the demo trading platform was created to give users a direct exposure and appreciation of the market. You trade and face the same exact market as those trading with a real account except, the funds are just allocated and aren't real. You should try that and build some strategies about your trading.

You trade just a single token and you feel you have arrived, you have learnt all the basic but unfortunately, trading doesn't work that way.
Trading require patience but you shouldn't relax sometimes when you are on profits, you have manage to gain some profits on Altcoins, you should have take profit and wait for another entry. You had those gains probably when there some fundamental and bullish news and luckily entered on time.
Trading is tedious, try other coins that are heavily trade by other traders and magnificent liquidit, a $200 is enough to give you a decent profit on a to 100 Altcoins and also don't endeavor to do more research like watching YouTube videos.

Tips: Avoid trading signals.

Most beginner crypto traders simply need to work hard to learn the basics of the trading game. Trading is not only exciting, but also can be a profitable investment strategy as long as people are able to take the necessary time to understand the rules and strategies.

Of course, one of the biggest factors that will affect the ultimate success of any trader is the time they are willing to invest and dedicate to their game. In order to reach a level of success, one must understand the market, keep track of the trends, make the right assumptions, use the right tools and ignore false beliefs.

Good that you've done that.

You're looking for other strategies that would work for you and that's easy for the others if they've experienced already. I hope that you find your best strategy so that you can be as productive as the others.

And be productive like them.

I remember my first win and my first loss, with a lot of excitement I made a mistake on not analyzing the market and it resulted me a big loss but that’s fine, because that situation motivate me to keep trying and to learn more about trading. As per many, you can’t be good in trading if you didn’t lose money. Keep trying, always have a back-up plan because there’s no certainty in trading but you have to keep grinding.

At first I was confused, because when we buy the market actually goes down and vice versa. but we use this as motivation to be better in the future and look for mistakes that should not be made. so don't be bored to learn and don't give up, because the average trader experiences the same thing at first

Indeed, learning is a continuous process. While you are in actual trading, perhaps, more experience gives you a lot in return. And despite those days that we are at lose, we don't think about quitting and discouragement but we tend to learn that this gonna happen. What I thought is that trading is a very challenging job that only a few people could manage to do it while many just give up and show their weaknesses. I have that experience before, that only $100 for me and sadly, I'd lost them all.

We may not good at first, that is certainly what to see but as we think that everyday is a learning journey, it all be changes from time to time.

This result is quite good because as a novice trader you can make your capital increase 100% in one month, it could be because of a bullish market condition, a bullish condition makes markets moves up and down very quickly and the market very active.
It will very likely have different results when the market enters in bearish condition. You just need to improve your trading knowledge to survive in crypto trading.

We cannot test how good we are in trading as a newbie if we didn't trade on bear market condition and that earnings is maybe due to the bullish market condition knowing almost all in the market goes up at the moment. but anyways its good start since for sure this one is a good learning experience so its good to enhance it more especially by now we are now almost going on bear market season which is kinda scary moment for newbies.

I second what one of the comments has pointed out, that you should have taken your profit that you made  first, and then start trading with the remaining money so that you will know that even if you happen to be in loss, it wouldn’t really be a complete loss, because you have already taken the profit you meant to take and you are not trading with the money that belongs to the market.

Take for example, you said you invested $200 at first, and then you were able to make $450, which means that your profit so far is $250 (although you said that you experienced a bit of loss, but you have been able to recover from that). So, let’s say that you should have taken out $200 from that money, and then the remaining $250 can be put back for trading in the market. And as you continue to make more profit you can be taking it bit by bit.

well it means you need a journal so that you can get easily what mistakes you're doing in trading by reviewing it. Because for sure you've change your strategies as well which common problem of some new traders nowadays reason after all they suddenly experienced losses after winning..
If you want to ask why i said you need journal.. Well as far a know most successful traders has journal, because for them its very important to have such thing to readjust the situation especially when it comes strategies that can bring back their win rate, and infact that's what my favourite traders suggestion as well wherein they're very successful because of the help of journal..

Great experience, this can be used as a lesson for you so that your current trade can run better than before. I am amazed by your patience and mental strength to face the problems at hand. Because many traders eventually fail and go bankrupt because they don't want to try to get up again for fear of failing a second time. Indeed, when you want to pick sweet things you have to thrive first and then take care and give it fertilizer so that the results are most likely as expected.

Besides bullish market conditions, he can select the right coins to make a big profit. It is normal if sometimes we lose even more than 50% of our capital plus our profit, but we do not give up because many novice traders are disappointed and decide to take a break from trading. I suggest you search for the other lesson that can help you improve your skills better than before because learning the trading lesson will not end, even if you have already become a pro trader.

If you already reach profit, then seek what cause your loss. With that you can minimize or maybe in next order you can already fix it or at least minimize it. Because minimize lose not only about technical analysis but also how it will be affect on our emotion.

Cryptocurrency trading requires a lot of effort and patience and one will have to get used to the dynamics of the market and how it affects our capital. Going into loss is a normal thing in trading but you should always fix the issue that leads to the loss and growth in your analysis.

Agreed. Trading is a challenging road to pursue, but one must not give up after failing, or even if it will happen again. It is true that encountering loss is a common denominator when it comes to trading but standing firm on your ground and doing things to make you a better trader is what will make you regain those losses and make you say that all of challenges are worth experiencing after all.

It is very important to analyze the mistakes you have made. For a beginner, this is really a very important aspect to be successful.

If you already have trading knowledge, you just need to develop a trading strategy. I applaud your first trade, because you can already profit from your trade. In my opinion, you only need to update the market situation, and also have to be able to analyze so that your decision is right.

It is not bad but I learn from my mistakes, it was not that easy for me as a newbie in trading. My first time to trade, I traded a coin that have starting pumping much thinking it will continue pumping like that, after buying the coin did not pump more to remain at same prince after it starting dumping by little percentage then I started fearing not to lose. Then I sold it out,so lost 5 percent of my capital before I know again the coin price started pumping, it now increases in price for 20 percent with.

If you have invested your $200 into bitcoins then by the times of April 2021 itself, you might have gained at least 3x or if you have held till now then you might have got chances to make 2x. So, I like to suggest you to go for long term based trading rather than going with any kind of active trading.

Active trading may get you profits some times but later on you may lose all your profits and your capital also. But, in long term trading with bitcoin will get you definite profits and if you are ready to hold for next 4 years then you may get 10x profits also. So, start studying about the power of bitcoin holding and then you may decide about trading or holding.

Crypto trading is not an easy job or easy way to make money, one need to understand the basics and also learn some tips about crypto market. I also buy a token called scientia, upon all my observations, the coin has been burning or what should I even say, I was confused because I have more than 200 pics of the coin but now I have less than 0.5 pics. The price is increasing but I am still on lost. Finally I noticed that I really need deep knowledge before I can buy or trade crypto.

This might sound rude to you but you were just lucky to make some quick profits during the bull run and now when the bull run is over you are just struggling to make similar sort of returns. I think you need to learn new strategies which could suit this type of market because there is no one strategy which fits in all situations. Change your strategy back test in similar markets.

It is understandable to not know how to trade and what to do when you are a newbie. I didn't know what to do when I first started as well. However eventually I started to learn more and more about how things work and now I am doing much better.

All in all it is not really a bad situation to be in, you are new and you are long way from making so risky moves that you may lose thousands of dollars. Imagine all those "great" traders, yes they are rich and that is awesome but when you are not rich, you only aim to be rich, if you are rich enough to retire and never work again that is great too, but when you are just rich enough to keep working in trading, then every day could be your last day and you could lose tens of thousands of dollars and be in horrible stage. So all in all, I would rather be a newbie, well I rather be wealthy and not need to trade, but compared to people who risk thousands a day, I rather be newbie who has so much road ahead.

Just don't rush up yourself because trading is always something like this on where you do profit on that day and would lose on the other ones because you cant really predict on what would happen next and this market moves out unexpectedly.

You shouldn't really enclosed your mind about the probabilities because you would easily get discourage on this case.

Experience is a must and that means you would really be needing to experience for yourself.

That's normal for newbies to experience those things, but after  you learned important lessons managing trading can be done without any struggles. If you know how to control your emotion, I guess it wouldn't be hard to battle hardships in trading despite of being newbii. Mastery won't be achieved if you don't start from scratch.

Not only controlling emotion, having sufficient knowledge is the most important if you are in a newbie level. That's why newbies mustn't hurry to trade if they still have not enough knowledge. Knowledge will determine how to trade properly, it leads us to succeed in trading. Remember that one of the biggest factor why many newbies failed in trading because they have not enough knowledge. They just trade carelessly without knowing how to do it properly.

My newbie trading experience was really a bad one because I lost reasonable amount of money.Instead of me to ask,make research and see how they go about trading,I wanted to do it myself without consulting anybody.
But as times goes on,I decided to mingle a little with people who already have experience in trading.And that was how I became a little good in trading.

Finally, you did a better thing related to trading. You realized that learning from other people who already had trading experience is necessary to get their experience and use it for ourselves.
If we can learn from many resources or discuss with other traders, that can also help us improve our skills, but we need to remember that what we did will not give a fast result and we need to keep learning.
If we can get something from those people, sooner or later, we will see that our chance to trade and make a profit will be bigger and once we see that, we do not have to show off and stop learning because that will prevent us from improving our skills better.

Risk Management is an essential tool in trading that is why we always look out for analysis that can help manage the market volatility and unstable nature.
What is the solid analysis that I can lay my hands on I need some recommendations.

RSI and moving average cross over, Fibonacci retracement are few effective strategies along with pivot point analysis or candle stick patterns. You may need to go through video tutorials to find out which analysis is suitable for you and your coin. In my opinion, all strategies are effective and in effective time to time hence not relying just one strategy will help traders for avoiding big losses.

You need to spend lots of time for finding and learning at least 5 different technical analysis and then you must spend 2x time on practicing those strategy on live markets with small capital. Then you may get clear idea on what to do and what should be avoided.

I must admit that from newbie up to now? i am a Trading loser  ;D I don't know i really have no luck in finding Gems here in crypto market, yes i am sometime successful and sometimes a failure but never did find something that will change my days ,
i remember one project that i invested , and yes become successful even reached the Market Cap, but  ending being scamming lol.
thats why Nowadays i am very choosy in taking risk,  i only choose those given  by good trader friend and saved me from continues losing.

The main thing to note here is that OP started trading in January 2021. This year was a rollercoster ride for the crypto market.
The market was pumping in the initial few months followed by the major correction.
This is when OP made profits and it's not a big deal to make profits in a pumping market.
Just holding any potential coin would make good profits. I would say OP needs to learn from various dips in the market and gain experience by practicing to trade regularly.
Only that will help a newbie in the long run.

Profits and then losses are most common for any crypto trader; you just need to maximize your number of profitable trades and should work on minimizing the losing trade numbers. It will be possible if you find time to learn continuously from your own experiences. Just do not trade but learn and trade; it means learn from your mistakes and from all market scenarios.

There cannot be anything solid in trading at first hand because all the strategies are vulnerable for losses at any time but I need to focus on minimizing your losses by letting your profit growing. These are all just matter of time because when you start learning then everything will become your usual habits.

If you have taken out the profit and retain your initial trading capital, that would be a good move. This is how cryptocurrency market works. There are winners and losers. There’s no way that you can win always. Always expect the unexpected, just like what happened recently in the crypto market selloff.

It’s much better to spend more time learning how to manage your risks efficiently. Learning about trading skills is a good thing, but doesn’t guarantee or promise you profits in executing your trades.

This is not the worst path that you have had to go through. As they say in such cases, you have gained invaluable experience for your money, which is impossible to get without practice. Now it will be easier for you to analyze your mistakes and use new knowledge to avoid their repetition in the future.

It is fine you make this good profit as a newbie not having any guild from any one. But you still need knowledge to continue,  there are things you need to know before you start trading properly.  Learning first will profit you .

Trading when you don't have knowledge about cryptocurrency is not a good idea. I started trading not long ago when i heard about a coin pumping without further research i bought the coin, i used my school fees because i was told in less than a month my money would have multiplied, the coin kept dumping and that was how i lost my money and had to struggle to pay my school fees because i didn't have knowledge about cryptocurrency. So then i knew i need proper knowledge and understanding of cryptocurrency and that is why i joined the forum.

Even an experienced trader would come across loses. Losses are part of the journey. And it occurs when you close off the trade. In such cases, just leave as it is and wait for the market to get stabilized.

 There will be a growth certainly when you go for long term but yes patience is needed. But if you depend on a regular income from it then, spend more time in analyzing and choosing the right coin and setting up a bot. But still you need to watch out your bot activity and change features accordingly.

It's good that even as a newbie without experience, you where able to make such huge profits, now one thing is sure and that is the fact that even as an expert, you can likely run at lose once in a while, the only difference is that, as an expert you may not have huge loses as a newbie especially once without trading knowledge.

It's a good thing you've decided to learn nevertheless, the forum is a good start, you could also download materials online and watch videos from YouTube, those guides would help....

This forum always has lots of hints on what to do and where to start kind of things. Here, you may not get exact guides for you shaping yourself as a trader but you could find links of useful websites/videos which are essential for every trader from the beginning days to continuous learning for enhancing themselves to stay completive even after gaining enough experiences.

If you still need to watch your trading bots then why not you go for manual trading. I never recommend anyone to go for bots based trading as my personal experiences with bots were not profitable as per the claims by its devs.

If you are doing crypto trading then you need to be prepared for losses more then profit. If you cant bear loss then don't do trading rather go for HODLing. Since chances of loss are less in Hodling then in trading. Trading works best in bullish market, as in bear market only experienced traders can made profit rest end up in loss.

Trading certainly has risks and to minimize risks, namely losses, we need to trade with the right conditions,
in trading it's not just about buying and selling but we also have to monitor market movements at all times,
which is clearly not easy to trade and requires patience too of course

I believe that developing the zeal of trading alone will make you to know the advantages and disadvantages of trading without the aid of anyone innovation, hoping on somebody that will impact a perfect knowledge of trading is quite right but since you have started the journey before now their is nothing much to learn about again than continuous practice with little amount of funds that will enable you to master the loopholes that will indirectly or directly cause lost to your trade.

On my own if I'm going for trading I don't really go with surplus finance or funds at first, the first time will go with smaller quantities of funds to experience how the day of trade will result out. And notes, that the only way you can overwhelmed trading is when you trade subsequently, with that errors of trading will be detectable by you without someone advice.

for a beginner it's a good thing because you can get profit in a month. With that experience, of course, you can learn more to get a bigger profit. it's true that in trading we have to really think carefully about when is the right time to sell or buy coins in order to get a profit. As a beginner, seeing this makes me even more excited to be able to trade well. I hope I can do it well and make a profit.

Experience would go big as you do go forward on making out trades or simply you do become more knowledgeable as you do go ahead.

We wont really able to learn if we dont experience those unfortunate events or simply we wont able to make ourselves
improved if we dont engage with it.

All starts on being a noob and we are definitely taking this path.

This is the art of crypto trading, where we can immediately get big profits in a fairly short time. But also vice versa. We can also get losses in a short time. This is a risk we must take.
But as long as we still want to learn, don't panic, and also want to take lessons from our previous losses, of course this will be a very great experience.
And in this case, I personally always cash out my capital when I get quite a lot of profit. At least I'm trying to secure my capital assets if something happens to the market which is very difficult to predict

if you already made a profit on your first trade, you don't have to suffer a loss. losses that occur in trading are commonplace for traders. However, you don't always sustain those losses. You should trade more carefully in the future, if the market does not allow you then you should not force to trade. try to trade in a relaxed atmosphere, this will provide comfort in open positions.

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you are one of the lucky ones when you start trading in early 2021 where almost all coins have increased in the middle of the year and it is very possible to take big profits.
as a result of that loss is a natural thing in a trade where there will be profits and losses.
if you want high profits choose meme coins but the risk is also very worth it.
but I suggest to take a realistic profit with the capital you have.

You started on a winning note but obviously got carried away by your little success and that led to your loss. This is often the mistake most traders make. They forget that it's never counted as profit until it's comfortably sitting in one's personal wallet or bank account. Anyway, you did well. I don't think you need all the new suggestions you're seeking here other than work on your emotion. Learn how to control your emotions while trading and don't be too excited when you're winning or scared while experiencing loses. Go back to the drawing board and find out what worked for you that enabled you make the wins you had the first time. Fine tune it, and grow from there. Apart from the capital to fund an account, the second important thing is control of one's emotion in relation to MM – Money Management.

it is true as you said, here we need experience and increase experience in trading, if you are just trading then you have not gained much experience. from that experience of course we will face problems and must be able to overcome them, or we get frustrated and lose a lot of money. no pro trader is formed instantly

There is no impossible for a person who is eager to learn even without the help of others. Trading for me is just easy to understand if a person even a newbie really want to learn about it. The fact is that we can't avoid losses but because of our continuous learning process and trading experience we can avoid excessive losses.

First of all congratulations for your first trading profit, and then good news that you recovered your all lost fund.
Without any experience crypto Trading is very dangerous for your fund, so first need knowledge then start trading. I think you can search some video on youtube that is crypto
trading releted video. Also i heard about crypto trading releted course, you can join, but i don’t know that it is really helpful or not.         

that's smooth, my trading experience as a beginner was not that smooth because I made several losses. Indeed, trading is not as easy as I thought and it made me feel motivated to further hone my skills in trading. I realize that trading requires a good understanding of the market where we must be able to determine a fixed time to sell or buy coins. That's where we have to be able to analyze the market well and don't panic if the market is down. keep calm and do your best in trading.

What specifically kind of knowledge do you need? basic knowledge? but I think you already know the basics probably a strategy? I think you can do the research yourself I see on the tradingview that there are many users shared their TA and their strategies I think you should also discover yourself what kind of strategy you should use in order to have profit. I myself use simple analysis yet powerful such as trend lines, RSI, support, resistance, bb and fib retracement.

Got 2x ROI was already great, just dont be so greedy so you can accumulate profits little by little. If you can recover from a loss then you have great patience usually some people will cut loss when they can't control their panic. But now the market is full of uncertainty so I'm advise to trading wisely and use your money that you can afford to lose

It's true that we need to adjust the existing market conditions,
and currently trading wisely is what we must do if we don't want to continue to suffer losses,
Hopefully in the near future market conditions can recover soon

it is very good when you are able to get more than twice the profit of your capital.
in 2021 the coin price movement is very good even almost all coins have increased.
The experience you have had with taking profits and suffering losses is a very valuable lesson. hopefully with what you have been through and the lessons you can learn, you can get a much bigger profit.

It is good sometimes to experience the market without a mentor for you to know the difference between someone that follow the advise of his mentor and someone that follow his own idea to the market. Trading is not automatic in profit making, you must begin with a step before you can become a professional trader in the future.
As a newbie, you need a facilitator who will teach you all the strategies traders use to achieve their goals in the community. Through your facilitator you will know when to buy coins and hold them for profit making . Never you feel you know everything about the market because market can change at anytime.

Well its almost a year that has been passed now and I hope that you had amazing journey beyond that period in trading world. Though you have just stated about January trade only I was expecting that you will say something about year through journey and how you improved yourself. A year of work on the trading is also enough to make someone way skilful in the trading market. Choose your path wisely when you are in the crypto space. I mean, sometimes you are getting profits not because we are smart in reading the charts but just because market is over valued and is being in bullish trend but is also hyper inflated. So its very reactive market in the crypto due to its volatile nature and uncontrolled asset transaction. Better keep it optimum when trading the crypto currencies but surely you can gain amazing profits out of it.

Trading wisely will come upon gaining experience in the market after dealing with many losses and defeats. It's easy to say that we should trade wisely and choose whatever is right for us to buy. But whenever you're already there, it's going to be a process that is hard to take. You have to make sure that you can really make use of what you've said of being wise. Try to apply it to yourself and avoid those losses because they cannot be avoided but you can mitigate them when you apply to stop loss.

Doubled the money. Nice.
But what happened? I can already see what. You want to go to a higher level with a higher profit which could be the reason why you at a particular moment you lost it. It's mostly the error of new traders and dont worry it happens to a lot of newbies.
I guess what you could do is stay at the same pace where you won the trade first. Repeat many times until you get the hang of it.
It doesn't need to be done in a rush because it should not be. Trading is also a fight of patience. Go back on how you did it and explore the difference on how you won the first time but yet rekt it in the middle.

In trading, it's important that you'll have the eagerness and perseverance to learn all the basics of it. It's a good thing that despite losing in the beginning, you're able to recover and double your funds. There are already lots of useful resources that you could find online nowadays so learning the basic strategies isn't that hard though it's still challenging. You couldn't earn a huge profit right away but you could recover through step-by-step learning.

Exactly,the experience was much,the mistakes I made are some of the things that make me do well now.I wouldn't have been able to make the money as I do now if I had not had the experience I had while starting as a newbie.
Despite trying many attempts to trade and I will end up loosing,I didn't give up,I was still trying my best,persevering to get to where I am today,and finally,my perseverance have paid up.

Those who are new to cryptocurrency should not start trading until they have complete knowledge. If you have enough knowledge then you can make small trades with demo account . . You can't get any benefits even if you don't have enough experienced and knowledge.

You have done what we have always dreamed of doing, starting to trade. I have been trading for a long time but that start was the most exciting thing about it. I believe making that kind of return during a year like this is totally possible and I believe that we would all be doing very well if we just keep our head down and kept trading.

The market may not be pretty every day, but it is certain that it is also not horrible looking lately neither. Checking the past year, we could say that 2021 was overall a great year, started at around 30k, and finishing at around 50k is a great return on investment, over 50%+ profit in a single year even if you did not sell at the top. Anyone could have made a lot more than that if they traded well enough, or they could have lost a lot of money during down times as well. Let's hope for another year like this and many profits to come.

Maybe but I don't need them to keep that luck every time they go for trading as not all the time it comes. Then, in that case, losses are very often. No, they need to work it hard and so they have to stop thinking about luck in trading. It wasn't a good idea either but a need for them to have the deep market knowledge and of course, they need to have a working and effective strategies as these are a big factor that could affect the results of our trading, yes of course, in a positive outcome.

I agree 2021 has been the best year so far for crypto trading, compared to previous years, the rise in crypto prices this year has been
absolutely incredible. Although approaching the end of the year the market experienced a decline, but the profit that I have made this year is
quite satisfactory. We really can't expect the market to continue to rise. There are times when the market needs to experience a decline,
so crypto trading must have patience. We must know when is the right moment to buy coins and when to take profit. If by the end of this year
the market has not recovered, I hope that entering the beginning of 2022 there will be positive movements. I believe next year will be better
than 2021, so we can all generate much more profit in the next year.

Therefore, we can say that experience is very important in trading. We can just call it the best teacher. Of course, a loss is a part of it, and have nothing to regret committing mistakes as well because from that we are able to learn more and possibly give some insights into what we gonna do next. But to remind that not all have become successful traders, that is also important to assess ourselves if this is really meant for us or not, so we can move on and find a place suitable for us.

Most time the money we lost learning to trade is the price we pay for the experience, in the cost of learning we lose but ultimately we gain experience which made us who we have become.
In my trading experience, I lost so much money in the beginning but I don't mind because I gain much experience during the time and that has helped me to profit much and the experience is still with me as a knowledge forever.

I also started trading around 2019, the first coin which I traded was the coin I got from bounty reward which I sold very cheap because that was my first trade and my first time trading which since then I never regret been into cryptocurrency. I believe if you continue trading them you will have more experience, you don't have to feel bad cryptocurrency trading is all about profits and lost but I believe you should make sure your profit is more than your lost. Anybody that's telling you he will teach you how to trade without losing money the person is just deceiving you.

The more experience we have it will also be better because by having it we can know what to do in every market condition,
which is clearly not easy to trade in addition to experience two other things we must also have such as knowledge and skills

many say that trading is not easy and requires experience. but I think to be a successful trader is certainly not a short process. And that doesn't mean we can't trade forever as long as we really study hard, of course there will be improvements. I felt this myself when I first traded, I felt frustrated so that we could enjoy trading itself even though we didn't have satisfactory results

That same knowledge that you have got that took you from the initial $200 investment to over $400 of profit is enough to help you succeed in the cryptocurrency trading market. All you have to do is know that there are lot to be learning everyday. Even those of us that has been around for a quite a long time are always looking for new things to learn in the market.

You have to always be updated on everything that has to do with trading because that’s the only way that you’re going to be successful in the crypto trade market. Things changes everyday, and if you doing your best to keep up, then your just going to lose.

Experience will make you become better. Early loss as you trade is very essential, you'll make them right afterward. But if you keep on losing then you have to change your plans. It's not normal for you to have most of your trades at loss. It's either you're just letting it go and happen and you don't change your strategy. Newbies have to deal with losses but if it's happening most of the time, you have to be alerted if that's still necessary for you incur a lot of losses instead of making a money from it.

capital of $ 250 in a month to generate $ 450, here you get a profit of $ 200 in my opinion is very good for a beginner.
however, if you experience losses I think you need good trade management so that you can manage your money so you don't get caught in a loss. keep learning, take this loss as a lesson and keep the spirit

As a beginner, this is not a bad enough initial income.

Since you have experiences the plus and minus of trading, you must have some lessons why you can earn profits and vice versa why you will lose.
And this is normal in trading cryptocurrency. That is why for many people who are not ready yet entering crypto trading, they will probably stop and consider that trading cryptocurrency is something bad because of the loss.
I hope that you are not like that.
I think you have taken to the next level of trading experience by taking the right strategy to get based on your own experience.
Many people are learning by doing moreover by our own experiences. this will really work. Just keep it up to make your personal trading better and better, wiser in taking decision, and also better in managing your funds.

Seeking higher profit should be done in a careful ways in order to deal with it, don't just trade if you desire for huge profit. Always start with your attitude because that's very important. You must be aware that trading is all about emotions, learning process isn't about bigger profit but if you have the skills step by step the aim for abundance on your financial capabilities will just follow in the near future.

Yes because most beginners have a similar experience as this, if there is a need to upgrade your trading portfolio you will have to do that most civilly, but if you jump into simply because you need more profits you may get it wrong, and leading to losses.

I learned things which I will tell you. 1 is you should always buy in dip. and try to avoid those coins which got more green. And if you bought and you are at loss you should keep patience. and try to sell in the pump

in advance I congratulate you on your first trade. yes, the most important thing in trading is to have extensive knowledge, the ability to analyze this market is born from our knowledge. Token volatility is the most important thing for us to know, because the token's opportunity to grow has a good movement. keep practicing your trading strategy and don't rush into decisions.

You have good luck for your first trade, sometimes newbies are not as lucky as you. If you want to become a professional trader, you must have good skills. You just study harder to increase your knowledge about crypto. keep practicing your skills to be able to make peace with the market.

You have good luck for your first trade.I Think, many times for newbies are not lucky as you.i think you can be professional trader.You trading skill good enough. You have to patience and move on.Always learn any mistake don't de greedy.And control  your emotion to be trade. Wish you good luck for your future trade.

true, trading for the beginning is usually based on luck because as i know beginners have no concept and beginners can't do good analysis in trading yet.  I think this is one of the first steps of the trading journey and a great experience for beginners.  so, in the future it can be used as a basic starting point to be better at trading

Even now I'm still learning to trade, I still make a lot of mistakes, but the experience when trading for the first time is experiencing profits easily and quickly, and in the end I think trading is easy. After that, I actually experienced a bigger loss, and that's psychology that we have to fix

Yeah, beginner's luck will not last for long and it usually end before we start realizing that we are still a beginner.
When you are making lots of mistakes in your trading then you should switch over to demo trading so that you will not lose anything just for the reason of learning.

Most beginner do make mistakes in controlling their emotions like when they are seeing small profits then they do develop greediness and then may wait for bigger profits which lead to lose their unrealized profit along with capital in the end. Honestly, emotion control will be possible to develop along with gaining experience because you cannot learn it from books or videos.

This is also the moment to see what went wrong and what it needs to improve. Perhaps, a newbie will always be suffering losses before they got to know what they do it helps it out as if they will experience good at the first try, they then always think that trading is so easy. But these all had come to change when they got lost and even to lose everything. And this is the time to realize that trading can't be treated like that but it needs a serious market interaction and understanding otherwise, this just to keep happening. 

Everyone started as a newbie, as a newbie we tend to make more mistakes but as we go further, we will eventually improve because we are learning from our mistakes. If a trader will consider trading as a journey, then I would not be surprised that one day success will be achieved. With lots of free information online that we can use to educate ourselves, nothing is impossible and everyone has a chance to be successful.

It is not certain that the market will always be the same because the cryptocurrency market is always volatile. A few days ago, I traded futures on the Binance Exchange and ate the liquidation of 1000.

Good experience, that way you can ensure the benefits and also risks that can be obtained from trading. The experience that gained by everyone will be very useful for future learning so that it can become better. Trading does need understanding and experience so that we can ensure the right momentum to sell or buy. It's okay if we fail in trading because with that we can be more careful going forward and not be careless. Most people lose in trading because they are in too much of a rush which makes them feel panicky and don't think carefully.

I admired your determination to learn the proper basic things in the crypto trading. And also I'm impressed that for the newbie who entered here in this industry got earned more than 100% of your capital in doing trade activity for only 1 month. Just continue what you are doing now and I know in the near future you will discover a lot of things to improve your skills in trading through your experience.

First of all, I think applying the same strategy to cryptocurrency, it can be good once or twice, will not always bring good results. New strategies should be applied constantly and for this proper market analysis should be done. Always try to gain good knowledge about the market.

Looks like you are still not prepared to trade. From your experience it seems that you lack information about good crypto. Especially in determining the time when to buy or sell coins, this will determine your trading later. In addition, coin selection is also very influential. You also have to determine what kind of trade will be made, short term or long term, all must be fully considered.

I had no experience with cryptocurrency when I was new to cryptocurrency trading. Then I slowly learned a lot from trading. In the beginning, if I went to trade, I would almost always face a loss Now that I have gained some knowledge about trading, I do not face any loss.

quite impressive with the profit you get at the beginning you start trading. that's very good. about the loss is a natural thing in trading especially the crypto market has fast price movements. It's great when you can restore it back.
it is part of the experience that is very important for future knowledge.
I think knowledge in trading can be taken anywhere including personal experience and the most important thing for a trader in trading is controlling emotions not to be greedy because in my opinion greed is the thing that will destroy us in a trade.

All of us started as a newbie and there's no particular experience when we've started.

Are you sure that you're not facing any loss anymore? That sounds good and means that you're really good at trading right now. Because of what I know, even the best traders are still getting loss with their trades. But if you say so that you're not getting any loss anymore as you trade then that means that you're good.

I am sure that no trader could avoid losses completely; even we are too strong at technical analysis, we may face losses which may be an unrealized one but considering the market fluctuation, I bet no one could escape from losses at crypto trading.

The possible way to avoid losses must be, converting your trading positions into long term holding and then waiting for weeks to years for recovery. But, this way, you are not into trading anymore as you turn an investor. This is the reason, long term holders are not losing anything.

trading objectives must be clear at the beginning before making a transaction, so that we can calmly face the possibility of profit or loss. because actually profit or loss in trading is a normal thing, so no trader has high flying hours, does not experience defeat, but we have to look at the market ahead and look for opportunities again

There is no absolute guide for trading, everyone has to create his own. I am not fond of trading infact I have huge losses while trading thats why I stay away from it and advice others to do trading only if you can handle it. Crypto trading is not an easy thing, even experienced guys find it difficult to handle. Do stuff like paper trading before jumping into real trading.

I also have that same sentiment, even the best trader can't escape with the sway coming from this investment, maybe he can recover right away but still the chance of facing failed trade is unavoidable, though you have a good point, if you don't want to suffer from any losses choosing top coin and is better for long-term investment.

The chance that the value will rise high is anticipated by many, not an investment adviser, but it's more practical and wise. 8) ;)

That's a good thing when you are starting to trade by yourself and it does make your journey become worth because you can learn about your fault and make sure to not fall for it again. That's what I like when learning things by yourself first. I do hope that more people at least try to trade even with small capital first that you can afford so you learn how it works.

It is obvious that every single trader will eventually have some losses. There is no possible way that anyone could ever end up with zero losses and we will all have some. The main power of a trader comes from the fact that even though he may lose some money, he will end up making more in profit and balance that out and come out on top.

Being a long term investor is not something wrong neither, if you do not want to take the risks of short term trading then you could easily end up doing something for the long term investment and it is a lot less risky and you will end up with a lot more profit that way. Sure short term traders could end up with profit as well but that is only if they are really good.

Every newbie has an experience and yours may be different from mine but the truth is it's great news that you made a good profit at the start and I will advise you to continue using the same trading formula but develop your own strategy.

There is no correct strategy, everyone has to create its own. Strategy that may work fine at your end may or may not work at my side. Thats primary reason why signaling groups are just scam. Good strategy comes with experience which is mixture of both success and loss. Winner is the one, who never gives up.

Create its own according into your preference and skills because it is true that theres no such thing about precise prediction or analysis that had been made which this would be a never ending kind of situation in seeking for working ones and we should really be versatile since we couldnt really able to stick in one strategy or method of trading because there are lots  of different circumstances or situations that you might able to face up specially on dealing with a very unpredictable market. We all do start on being a newbie and its up to ours on how we do taught ourselves and come
to think that informations needed would really be already available online and its just depending on the effort that you would put up.

I think your experience in the trading world is quite better than others because you were able to make profits rather thàn loses. You made quite a good start up fund that you could use to make more reasonable profits.
You need to go and learn good trading skills that would help you a lots in getting what you want from the market. Ensure you learn trading from a very good source so that would go to sharpen your sword very well.

Trading is one of the risk thing we need to keep aware. People think that it's easy and does not need to have a deep understanding still we need to keep aware of our feelings once you make a trade there's an instance that approximate 50-80% of your decision is made by your emotions. We cannot avoid the risk but we can lessen it that's why we can prevent too much loss and greedy people uses Take profit and stop loss so they still control themselves.

You won't only be needing knowledge but you will also needing that kind of lose along the way and that loses was not just normal losses it was an experience from trading. There's a lot of trading materials online either PDFs and videos and all of them might be helpful to you but it can't be compare to the actual experience you will be learning.

Honestly to me both are very important and while it provides benefits why not,
learning now is also easier because as you said we can take advantage of various platforms to learn,
but it's true learning and experience are different

Loses is part of the process of learning and in any adventure there are always set back time and I always advise we always take our loses as a mode of lessons which should be a guide in our future decision.
Trading require skills and that skills come with some price and practices.