My first day of trading

[PagSure]

My first trading was not good because i dont have the idea how to trade, I've lost my 10$ in just 5 minutes. But now Ive tried my best to know what are the secrets in trading. By the way im trading in poloniex. First trading site that i've encountered.

We can avoid losing specially if its our first time in trading just don't give up because you will eventually learn techniques and you will acquire that skill if you will keep doing it. Poloniex is a good exchange site but very few coins try using Bittrex, Binance and Bitfinex these are good exchange sites too.

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[FDC1412]

This is one of the most important values of a trader that is most often forgotten, not to be greedy and analyze whether a coin is improving or not. Some try to actively buy coins that are just newly made for they are assumed to rise in value but later shows no improvements.

[slashz9]

wow. that's something great, do not be discouraged. not many people are successful in their first trading.
now maybe you can try a little bit risky

[romecheo]

Trading is like a challenging game, you should know you opponent, you have to find their weaknesses, what are their strategies, when going to execute their plan.

Before you put your investment on the coin/token you may choose, you should carefully study everything, know its background, developer and team, learn their plan/road map, announcement and further plan.

Yes that was not an easy task, but it was a requirements.

I am not that expert, however I am on the process of developing my own strategies.

[ictin]

Trading is like a challenging game, you should know you opponent, you have to find their weaknesses, what are their strategies, when going to execute their plan.

Before you put your investment on the coin/token you may choose, you should carefully study everything, know its background, developer and team, learn their plan/road map, announcement and further plan.

Yes that was not an easy task, but it was a requirements.

I am not that expert, however I am on the process of developing my own strategies.

Yup, I totally agree with you. To become a good gamer, you have to learn many things. Knowledge is your weapon. Let prepare weapon carefully and practice every day, you will become an expert.

[cah ndablek]

A couple days ago I transfered enough from my bank account to buy 1 Bit coin.  While waiting for the $ to make it from the bank to the exchange I had $75.00 invested so could use it to practice with.  Keep in mind that I had no experience with bit coin trading and my past day trading did not go well.

Today I saw that SC (Siacoin) was above 10% and volume was above 10,000.  It was also very active pumping up and down.  I did four buy and sell trades, not aiming for much more than 5% profit on each one and increased my $75.00 to $91.00.  It was a great leaning experience.  Also very humbling because on the first trade I made a mistake and lucked out.

Scott

I think it's fair because very rare beginners can get big profits quickly because in running the trade still needs to learn continuously so that later can compete in a healthy way with other merchants in obtaining income.The most prioritized you should keep trying Although sometimes not maximal .

[Casdinyard]

My first trading was not good because i dont have the idea how to trade, I've lost my 10$ in just 5 minutes. But now Ive tried my best to know what are the secrets in trading. By the way im trading in poloniex. First trading site that i've encountered.

Well I guess you learned from your mistakes and it's just fine like everybody here went through that when starting. We didn't actually understand something if we' didn't experienced and felt was it like trap in a situation that was new to us.
So comes with the experience is also having a good knowledge so you can avoid circumstances that may occur.
But remember that making mistakes is normal but repeating the same mistake is another side of story.

[degaga15]

The first trade is very fortunate for you, congratulations to you. very rarely play in the first direct profit trade, hopefully this lucky next trade, advice from me do not be too quick to pick a coin.

[justdimin]

A couple days ago I transfered enough from my bank account to buy 1 Bit coin.  While waiting for the $ to make it from the bank to the exchange I had $75.00 invested so could use it to practice with.  Keep in mind that I had no experience with bit coin trading and my past day trading did not go well.

Today I saw that SC (Siacoin) was above 10% and volume was above 10,000.  It was also very active pumping up and down.  I did four buy and sell trades, not aiming for much more than 5% profit on each one and increased my $75.00 to $91.00.  It was a great leaning experience.  Also very humbling because on the first trade I made a mistake and lucked out.

Scott

My first trading runs poorly and I have not been lucky because with a small amount I tried to trade at a high price then the price dropped and I suffered a loss

The problem you really must have had apart from trading with a very low amount is because you did not learn anything about trading before you delve into it. Lots of people have made that mistake and I really wish people stop that. So many people took trading for pure gambling and just feel it is all about luck, which it isn't.

After learning, I started with just $50 and I was able to grow that within days until I was sure of being good to go and I started big and I have never regretted it since then.

[Happy Miner]

Scott, how are you. How is trade progressing and how much is already on the account?

[travelgear17]

A couple days ago I transfered enough from my bank account to buy 1 Bit coin.  While waiting for the $ to make it from the bank to the exchange I had $75.00 invested so could use it to practice with.  Keep in mind that I had no experience with bit coin trading and my past day trading did not go well.

Today I saw that SC (Siacoin) was above 10% and volume was above 10,000.  It was also very active pumping up and down.  I did four buy and sell trades, not aiming for much more than 5% profit on each one and increased my $75.00 to $91.00.  It was a great leaning experience.  Also very humbling because on the first trade I made a mistake and lucked out.

Scott

Perhaps the hardest but most important thing for a new trader to do, is to be realistic. I’m sorry, but I have to tell you that you aren’t going to be able to quit your job and go work from a beach with a $2,000 trading account. If any other site or person is telling you something like this, you need to RUN from them because they are scammers and have no clue what they’re talking about.

[travelgear17]

my first trading was unlucky, I trade xrp on 14.400 but tomorrow xrp dumped to the 11.500. I bet on 0.2 BTC
that was my first horrible trading

same to me, my first day trading was so unlucky, i trade with XRB (raiblock) on the mercatox exchanger. first i start trade only 0.017 btc worth of $20 and i buy 355 xrb, unluckily whenever i buy and then the price was dumping and dumping, then i sell them only worth of $12. 

[xKARELx]

you're good, because you were not afraid to invest your money ... you always make a decision and you win only in a particular transaction!

[PokerFace3]

Other things to keep in mind are the fees that are all over the place. There are a few exchanges that have coins that are not available on the others, in order to make money trading those coins, we have to beat out the trading fees and still have enough of a mainstream coin to withdraw and have made money. These can kick your butt, many small traders jump on a 100 Sat difference in price and give that money right back to the exchange in the fees here and there.

I do not consider the fees to be much of a problem if you are using the right exchange and you have a good amount to trade. I started trading with just 0.01 BTC and I was able to grow it. Those little 100,000 sats are some of the little gains I was making for a start and it was really awesome.

Bittrex will not charge you more than the percentage they would charge you on the amount you are trading normally, what is just important is the margin in the profit you are making on that trade which won't make sense if they are very small.

[Juliedarwin]

my first trading was unlucky, I trade xrp on 14.400 but tomorrow xrp dumped to the 11.500. I bet on 0.2 BTC
that was my first horrible trading

I did not experience about to trade yet. But hopefully if I'm going there to trade my own, I hope it will be the prettiest value price of bitcoin, for me to take good run  to invest. Hopefully the lucky day to trade.

[ronafurw]

Good job, man! With an unexperienced person, getting profit from the first trading is perfect! Maybe you were also lucky. My first day is not good, I bought 2 altcoins and after 3 days, I lost $50. haha. that a is a nice memory! 

I must say that you are very much lucky if you manage to earn this much of profit and that too at the very first day of your trading carrier. At the time when I started doing trade, there were lot of things which I was unaware of.

I kept on losing my money in the beginning but at the cost of loss, I get to teach lot more things. All those things are now helping me a lot an now I am earning a very good amount of money.

[PrinceCaspian]

Congrats that you chose to start trading and for sure you already made a lot of profit since you started and if you will continue trading then you will get a lot of profit for sure and it will can be the source of your wealth that will be a lot and you can afford the things that you cannot afford back then when you didn't start trading.

[Siren]

I also lost a good chuck of capital when I was just starting with my trading journey. But I didn't give up because I know that its just the beginning and just a roadblock for me. And now as I journey through trading, I must say that I have recovered what I have lost earlier in my career. And I'm proud that I'm getting a good returns now. If I gave up early then I will not recovered my lost. Really happy with how my trading is going right now.

[gamalzour]

The first time i traded it ended up horribly wrong,i could have settled with 15% profit but i got greedy and lost almost 150 usd.At that time 150 was a very significant amount for me.
The more you trade and increase your experience and get exposede to all the different methods the better it is.
Btw keep it up.

You know what is best thing in all this? You actually didn’t give up. If you were encountered with loss and then you have become panicked and left trading that would have been so irritating for you know. Bitcoins are amazing and have less chances of loss but still we have to cater with every other condition and make things valuable just by focusing on them. And yes, keep it up.

[Kidmat]

my first trading was unlucky, I trade xrp on 14.400 but tomorrow xrp dumped to the 11.500. I bet on 0.2 BTC
that was my first horrible trading

I did not experience about to trade yet. But hopefully if I'm going there to trade my own, I hope it will be the prettiest value price of bitcoin, for me to take good run  to invest. Hopefully the lucky day to trade.

When Ive learn trading at first it was very hard. I remember I have an impulsive buying some altcoins and got panic selling. Since you are new, make a decision first and learn some knowledge before you will start into trading.