I fail in trading

[bitcoworld]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

I recommend you to educate first before you play with real money. I learned this lesson the hard way as well when I started with Bitcoin and Crypto. Check out some Youtubers that educate people on Trading and less those who pump and dump shitcoins... I learned a lot about TA and finally turned into a profitable Trader so check out TA bro

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[ItsCrafty]

Trading need experience and experience comes with trying again and again, by buying only one coin and failing in that doesn't means you are a good trader, as i have lot of trader which are my friends but they didn't have that much experience even they are earning, but sometimes they made losses which hurts them a lot. This is only lack of experience and not having much patience.

[DoublerHunter]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

You need to know enough to set up a cryptocurrency platform. You can never trade if you do not have enough knowledge about cryptocurrency.When you are trading, you have to analyze the coins that you will buy and the coins will recharge well. There is no end to knowing.Cryptocurrency.If you can work hard, you can definitely work on the platform and eat.

^ Spend amount that you can afford to lose is a golden rule in trading and never rely your monthly budget on it and hoping that you will gain profit weekly. Because in trading there is no consecutive way of earning on it, the most common factor that traders become had a massive loss because of lack of knowledge on it, they think about the profit only that they commonly heard in trading, they don't think about the skill and knowledge they had. If you will always have a failure in trading just quit and study very hard so that you will recover when you will enter again in the trading field. Sometimes, an experience made us becomes experts in trading, just learn every mistake and don't let it will happen again.

[carlisle1]

^ Spend amount that you can afford to lose is a golden rule in trading and never rely your monthly budget on it and hoping that you will gain profit weekly.

Keep your asset to grow and never to rely on it as  source of income treat this as your long term investment that will change your life in the long run.

Because in trading there is no consecutive way of earning on it, the most common factor that traders become had a massive loss because of lack of knowledge on it, they think about the profit only that they commonly heard in trading, they don't think about the skill and knowledge they had.

Very wrong impressions, before jumping to this business, make sure that you are aware with the risk, especially working with crypto market where volatility is present and really hurting those who don't know what they are doing.

If you will always have a failure in trading just quit and study very hard so that you will recover when you will enter again in the trading field. Sometimes, an experience made us becomes experts in trading, just learn every mistake and don't let it will happen again.

If you are not converting even you think you already doing all your part, best to assess more deeply it's also possible that this venue of investment is not for you.

[Smitty Werben Man Jensen]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

You need to know enough to set up a cryptocurrency platform. You can never trade if you do not have enough knowledge about cryptocurrency.When you are trading, you have to analyze the coins that you will buy and the coins will recharge well. There is no end to knowing.Cryptocurrency.If you can work hard, you can definitely work on the platform and eat.

What you should know is that trading in cryptocurrencies is not that easy,
that's why knowledge is very important because if we don't have it, it is very likely that we will easily lose money,
besides that as you said above analyzing and of course also doing research on coins is also important

[zahed]

You will not get success in 1 day with crypto trading and Newcomers may fail at first, so it's not a failure and you will stop trading. It’s a part of learning on trading. You need to gradually improve your skills and success will come in future, when you are good in analyzing in crypto.

[Fivestar4everMVP]

I tried one but I falied. There is something I don’t know? Please tell me more.

First, I will like to say that starting and failing is also a good way to start, most especially when it comes to trading either Forex or crypto, but where it becomes bad is if one keeps failing even when one ought to have mastered the act of trading, or when the loses becomes more than the win... Even professional traders sometimes lose, but what makes them professionals is that they are always on top of their game, and the loses are always much more lower than the many wins.

Trading requires a lot of time and patience, and also commitment to master, and you also have to stay up to date with the happenings around the market as sometimes, opportunities are served in a platter of gold through the news.

If you are really interested in becoming a good trader, you have to be patient and learn the art, also be ready to loose money, cus nothing good comes for free as it is commonly said, and also try as much as possible to start with a very minimal amount of money, try to grow it to a certain level where you can confidently tell your self you are ready to trade with bigger amount.

God bless our hustle.

[24Kt]

You will not get success in 1 day with crypto trading and Newcomers may fail at first, so it's not a failure and you will stop trading. It’s a part of learning on trading. You need to gradually improve your skills and success will come in future, when you are good in analyzing in crypto.

I am curious if the OP decided to quit crypto trading already as he was last active in 2019 based on his profile. Because in this trading market, even if you claim you are expert, you can still lose as no one has the crystal ball to know what will happen next. You can't really learn all the necessary skills overnight, it will take time to learn the tricks and as you go along your journey, you are still learning.

[ali1177]

Many new people thinks trading is as easy as just buy and sell but that's not true we have to go over some technical analysis and fundamental analysis as well even sometimes this can be against of us so if you are beginner then try with demo money which will give you high confidence in trading and you will gain experience as well.

[slaman29]

If you are really interested in becoming a good trader, you have to be patient and learn the art, also be ready to loose money, cus nothing good comes for free as it is commonly said, and also try as much as possible to start with a very minimal amount of money, try to grow it to a certain level where you can confidently tell your self you are ready to trade with bigger amount.

God bless our hustle.

And something almost no one will tell you. Take a step back and look at your trades objectively and ask someone else to look at it. You will, if you are honest, most likely arrive at the outcome of realizing that you're not and never will be a good trader.

That's when you'll switch to become a holder and then live life fully while actually making money from gradual price appreciation.

[Byaako]

In order to be able to work in the future, you always need to analyze what went wrong or a negative result

[newwest]

Many new people thinks trading is as easy as just buy and sell but that's not true we have to go over some technical analysis and fundamental analysis as well even sometimes this can be against of us so if you are beginner then try with demo money which will give you high confidence in trading and you will gain experience as well.

Nothing is easy else everyone in the world would be trader and keep making money. Yes, having knowledge of both technical and fundamental is an advantage and helps you to execute your trade in a better way than normal traders. Set the goal and trade, keep stop loss and do not infuse all capital in single trade. Following some of this basics do help while trading.

[Pamadar]

If you are really interested in becoming a good trader, you have to be patient and learn the art, also be ready to loose money, cus nothing good comes for free as it is commonly said, and also try as much as possible to start with a very minimal amount of money, try to grow it to a certain level where you can confidently tell your self you are ready to trade with bigger amount.

God bless our hustle.

And something almost no one will tell you. Take a step back and look at your trades objectively and ask someone else to look at it. You will, if you are honest, most likely arrive at the outcome of realizing that you're not and never will be a good trader.

That's when you'll switch to become a holder and then live life fully while actually making money from gradual price appreciation.

Some might find this the opposite way, but yeah, if you wanted to have a much better and peaceful life,

Holding is what you prefer instead of working with your daily trades. The numbers of winning trades is far better when dealing with it in the long term, while with short term just a single mistake will bring you with big losses.
Be reminded that you alone that needs to decide to whether what strategy or system to use for your trade
your money, your call.

[Tumanggor]

Trading need experience and experience comes with trying again and again, by buying only one coin and failing in that doesn't means you are a good trader, as i have lot of trader which are my friends but they didn't have that much experience even they are earning, but sometimes they made losses which hurts them a lot. This is only lack of experience and not having much patience.

In addition to experience, it also comes from continuous learning
I am not a professional trader but being a professional trader is no different from being a professional in any other field

if you are a novice trader and lose at the beginning and then withdraw from trading then you will not be able to become a professional trader forever
Don't be tired to keep learning from failure

[slaman29]

You will, if you are honest, most likely arrive at the outcome of realizing that you're not and never will be a good trader.

Some might find this the opposite way, but yeah, if you wanted to have a much better and peaceful life,

Holding is what you prefer instead of working with your daily trades. The numbers of winning trades is far better when dealing with it in the long term, while with short term just a single mistake will bring you with big losses.
Be reminded that you alone that needs to decide to whether what strategy or system to use for your trade
your money, your call.

It's not just about having a better and peaceful life, it's just about doing the life that was meant for you. That means doing an actual job, learning new things and skills, growing as a person and getting life experiences. Trading, if that really is your life calling, fine, but for most people it really isn't. And all those courses and strategy books saying different doesn't make it different.

[Rajamuda]

Never get discouraged and give up easily, because crypto trading is one of the things that still provides many opportunities many times, due to more active price fluctuations. Learn from experience while learning things that must be met when trading, just keep taking the top coins friend, stay optimistic and consistent, play smart.

[LUCKMCFLY]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

You need to know enough to set up a cryptocurrency platform. You can never trade if you do not have enough knowledge about cryptocurrency.When you are trading, you have to analyze the coins that you will buy and the coins will recharge well. There is no end to knowing.Cryptocurrency.If you can work hard, you can definitely work on the platform and eat.

What you should know is that trading in cryptocurrencies is not that easy,
that's why knowledge is very important because if we don't have it, it is very likely that we will easily lose money,
besides that as you said above analyzing and of course also doing research on coins is also important

It is not that difficult but you can still lose a lot of money, it is best to study, either through books or educate yourself in some way, what you have to take into account is that in the Bitcoin and cryptocurrency market you must know Handling against volatility, as well as BTC and cryptocurrencies can grow very fast at times, the opposite scenario can occur which is that the fall can be very devastating and the losses can be total, volatility is the additional ingredient that is King in Bitcoin and cryptocurrencies, in fact, is the natural enemy of every economist who comes from the old school.

[Hamphser]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

You need to know enough to set up a cryptocurrency platform. You can never trade if you do not have enough knowledge about cryptocurrency.When you are trading, you have to analyze the coins that you will buy and the coins will recharge well. There is no end to knowing.Cryptocurrency.If you can work hard, you can definitely work on the platform and eat.

What you should know is that trading in cryptocurrencies is not that easy,
that's why knowledge is very important because if we don't have it, it is very likely that we will easily lose money,
besides that as you said above analyzing and of course also doing research on coins is also important

It is not that difficult but you can still lose a lot of money, it is best to study, either through books or educate yourself in some way, what you have to take into account is that in the Bitcoin and cryptocurrency market you must know Handling against volatility, as well as BTC and cryptocurrencies can grow very fast at times, the opposite scenario can occur which is that the fall can be very devastating and the losses can be total, volatility is the additional ingredient that is King in Bitcoin and cryptocurrencies, in fact, is the natural enemy of every economist who comes from the old school.

Theory is one thing for you to study on but the real learning would come from real experience towards the market.Losses would really be always next in line and this is why you should
really be aware on how to deal up with things.

Failing on first time or several times doesnt mean that its over.It would be rather a learning for you to make yourself even way more better.
Just dont easily give up.

You do need to sustain and learn up things along the way and this doesnt only talk about short possible time.

[Sweetbtc]

All of these that you mentioned are very important in trading because these all factors are related to trading in some aspects as well whether you are buying and selling some of the coins or want to make a stop loss on coins, but i want to add in between these strategies that risk management is also important as well.

[South Park]

No one can guarantee success in the crypto trade. I have learned trading for 4 years but have not found a good solution for my trade.
everyone has different talents and I decided trading wasn't a good idea. I quit.

The fact is that the cryptocurrency market is generally very difficult to make a profit, since there is not a single day when the market has been stable.  In addition, personally, I very often dealt with such coins, where speculators pumped and dropped coin prices, while I was always left without anything.  I saw certain opportunities for generating income from daily trading, but for this you need to sit near the monitor for almost whole days and monitor the market, while forgetting about rest and free time.

Try your best, no one is perfect, even those who have succeeded in this field have experienced many times of heavy failures, Every time we fail we have a lot of experience from there. summarize and make accurate judgments for yourself

It's true that not all failures will end in a bad way because after all we decide for ourselves,
with us failing we can get a lesson there so that in the future we will not repeat the same mistakes,
so no need to worry because failure is not the end

There are different degrees of failing, if the consequences for our mistakes are low and we learn an important lesson out of this then that failure could eventually make you to get better and teach you how to make profits in the markets, unfortunately there are many people that make huge mistakes from which it is very difficult to recover and what is worse they learn nothing out of it, condemning them to repeat the very same mistake at least one more time.