Begginers in trading ( share you experiences about trading )

[Malamok101]

I start in trading last week but I lost 0.02 bitcoin in other crypto coins I trade but now I keep holding bitcoin and waiting for a big price to pump to recover what i lost for me.

[upsidedown75]

Everybody in the cryptosystem is once a beginninger in  trade. However, If you have little knowledge about trading just find someone that will help or in part knowledge about  how cryptosystem works into you. Crypto is great and profitable if you have knowledge about it.

When I first started the hardest part was to get information about the coins I wanted to trade. I really focused on trading clam a lot because it was used in just-dice and that was basically that, they had no other use for it but at least it had a use.

In bitcoin and crypto world finding a coin that has a use is really rare, things like ripple thats used for blockchain finance stuff, ethereum for ICO reasons, dash for masternode mastery, monero for privacy and so forth is not common, you get coins that say they do something but used nowhere.

So when I started clam was my "niche" and it really helped me out a lot because I memorized what price it is at what time of the day and really took advantage of it. It doesn't happen quite often these days since crypto got a lot bigger but if you really focus on one coin you can really get to know it a lot better.

[geopolisch]

In trading we not necesary to have knowledge all thing about technical  analysis,  if we just understanding about some indicator like moving average and bolinger band so we can jump in to trading. And the most important  thing is how to minimize the risk from high fluctuation of crypto by make risk management.

The truth is that it is good to have as much knowledge as you can have and not rush into things, because it is all these acquisition of knowledge that would make you to be able to come up with a good strategy in the long run in the first place. If you manage to discard the part of learning very well, and never stop learning, while trying to practice every step of the way using probably a demo platform, you will find it hard to ever be able to get it right.

Knowledge, which is one thing that will always be needed to thrive and be able to do well in anything. Most of the people I have seen today are always in a haste to do things because they just want to quickly get rich and that makes them most of the time, to not be able to take their time to learn, try as much as possible to make sure they are very sound with their decision making by practicing and before you know it they just rush into the market like you said. Unfortunately, they always get to rush out the same way they rushed in and that is how not seeking knowledge can lead someone into not ever getting it right.

I start in trading last week but I lost 0.02 bitcoin in other crypto coins I trade but now I keep holding bitcoin and waiting for a big price to pump to recover what i lost for me.

Obviously, you started trading without any much knowledge, no form of practice on your strategy to back test it and then you are simply just rushing into the market. Sure thing is this, once you are approaching the market and trading really without any concrete strategy, there is always a possibility of losing something.

Now, I am not saying that loss is not something that you will not get to see over time, because even as a pro trader, you will always get to see losses once in a while, but the thing you should always consider is that, that loss is something you have to be able to manage, and without a strategy and plan, you can never be able to get that done.