Trading for the Inexperienced Traders

[romero121]

actually the first capital if you want to start trading is that we have to strengthen our desire to trade, we must be absolutely sure if we want to trade. because if we are not sure in trading, we will be easily affected and back down if we suffer losses, we must know that the biggest risk in trading is losing all the money traded.

Trading balance is not subject to feeding our desire unless someone reach to professional level. Trader should be able to manage risks with mastering himself. Managing emotions is more important than thinking about profit. Inexperienced traders need to increase their learning capacity before moving to real trading from demo accounts.

this is the statement that I'm really waiting for, why? because beginner traders will be more concerned with capital and the benefits they want to get, they forget that in trading there are emotions and risks that are more important to manage.

Yes, with trading capital is a must. When we put investment surely we expect good return out of the same. So, the risk will be found with it. To face the risk all that necessary is the trading tactics to buy low and sell high. We're supposed to make the way, for the same lot efforts in terms of observations about the market is a must to succeed.

[South Park]

thank you very much mister Thanasis and mister omonuyak , I will try the advice you give me, a long time ago I trade crypto every week and now want to try trading every day, maybe I will get experience trading faster because I am accustomed to seeing moving crypto price charts every day

Trading in a more intensive way will not necessarily lead to more experience in a shorter amount of time, what you need to do is to analyze each trade and look at what you could have done better, or if you made a mistake try to find out what you could do to remedy that, that is the only way to improve if you are not honest and criticize the decisions you took when you were trading you will never improve which is the reason you see traders with years of experience and yet they got no profits.

[Distinctin]

thank you very much mister Thanasis and mister omonuyak , I will try the advice you give me, a long time ago I trade crypto every week and now want to try trading every day, maybe I will get experience trading faster because I am accustomed to seeing moving crypto price charts every day

Trading in a more intensive way will not necessarily lead to more experience in a shorter amount of time, what you need to do is to analyze each trade and look at what you could have done better, or if you made a mistake try to find out what you could do to remedy that, that is the only way to improve if you are not honest and criticize the decisions you took when you were trading you will never improve which is the reason you see traders with years of experience and yet they got no profits.

This is to know that their strategies aren't effective with the current market flows. Failure is just common to anyone who can't adopt the situation, we need to elevate. As we changing the course, it is need to change our old strategies and find new one which is adoptable with the market situation.
If you are new in this field, never tried to step on if you don't understand the market or even tested it. Market analyzing will be the first way to take and serves us guide of what we do in action.

[drachman]

When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.

First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

Merry Christmas (if you celebrate) and a Happy New Year to y'all.


Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.

Anyone doing something like that is going to eventually lose his money, you cannot really expect to get monthly profits of 10% to 20% by just investing in a coin when it seems that is going up, trading is a lot more complex than that and if you do not learn about technical analysis you're going to eventually lose all your money because professional traders are all masters of it.

[Ucy]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

[kidoseagle0312]

Sometimes most of the traders especially for the novice they thought doing trade is just an easy thing where you can sell and buy or they just heard Buy at low then sell at high. They've been thinking about in that way they could earn instantly. It was a wrong of thinking, trading actually is not that easy and you need to learn a lot here as in everything form the basic and need exploration too about it. and of course as a traders you need also capital, but always remember how to control your emotions in the right way.

[TheUltraElite]

Anyone doing something like that is going to eventually lose his money, you cannot really expect to get monthly profits of 10% to 20% by just investing in a coin when it seems that is going up, trading is a lot more complex than that and if you do not learn about technical analysis you're going to eventually lose all your money because professional traders are all masters of it.

This takes time for the newbies to understand. They think they can jump onto a new shitcoin and then it will become bitcoin 2.0 with a even more massive pump than bitcoin making them millionaires within a few days. People need to understand that money does not come like that. If you take the example of bitcoin holders who made profit from the pump, they had held their coins through thick and thin to come to that range.

TA will also help if you are day trading. But its not everyone's cup of tea so I would advice people to treat it with caution. Long term hodling and selling at pumps always help out.

[Yamifoud]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

If I am a new in these crypto world I definitely buy more potential coins as much as I can but be sure that we are ready to face or accept any risk happen after cause even don't know what will happen by tomorrow and so the coming days.
How long we hold? It will be depending on the market trend.  If will saw that I have some gains, then I will sell it immediately. Nothing to hold it any longer.

[Finestream]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

If I am a new in these crypto world I definitely buy more potential coins as much as I can but be sure that we are ready to face or accept any risk happen after cause even don't know what will happen by tomorrow and so the coming days.
How long we hold? It will be depending on the market trend.  If will saw that I have some gains, then I will sell it immediately. Nothing to hold it any longer.

I agree on you.It would still be the best thing to do for all new comers.To buy more potential coins and hold them for long until we can see that the market is starting to gain back its high price.And with this current market situation,it's really hard to make profits in trading.Maybe we can try trading once the market price makes a good increase already.

[Klausi]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

If I am a new in these crypto world I definitely buy more potential coins as much as I can but be sure that we are ready to face or accept any risk happen after cause even don't know what will happen by tomorrow and so the coming days.
How long we hold? It will be depending on the market trend.  If will saw that I have some gains, then I will sell it immediately. Nothing to hold it any longer.

If we seen our asset will have good and sustainable profit, you should sell it quickly. That idea is for you safe side and if you hold it longer, maybe you can't control your emotions and probably it gives you stressful mind. Inexperienced traders must stop holding when they see their coins at profitable price. They need to learn to act quickly because that's a part of their growth as trader.

[Juse14]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

Trading like this still not enough, you should not enter the market went the bearish still continue. no one cant know the exact dip my friend, i dont know why every people always buying dip then we got a more dip with a few days.

[Salauddin1994]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

Trading like this still not enough, you should not enter the market went the bearish still continue. no one cant know the exact dip, my friend, I don't know why every people always buying dip then we got a more dip with a few days.

Your thinking is not good for that now many people honestly work in trading, have many examples for that trading is not easy I like that but it needs for the hard work, I do not know how long it will take to learn but have traded for 10 years but still have lost.

[LUCKMCFLY]

Hello friend, if you are starting in the trade, I recommend you to make virtual accounts with fictitious money, and apply your strategies, I recommend you read many speculators books, where they do not teach you technical analysis, or figurines, because in reality that is a lie , but as they thought Wyckoff, Livermore, Warren Buffet ... learn well how to understand the market before placing your money and losing it, the idea is that speculate and have access to profit.

[maydna]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

Trading like this still not enough, you should not enter the market went the bearish still continue. no one cant know the exact dip my friend, i dont know why every people always buying dip then we got a more dip with a few days.

Although the bearish market continues, we could try to daily trading because I see that we have an opportunity to buy the coin at the low price and sell when it increases in the next hours or days. Long-term trading still works and it still waiting for time to comes. People buy in a dip because they think that the price will increase in the next hours, but the truth is the price still on the downtrends. Maybe in this situation, we need to analyze deeply for the coin we want to buy.

[Timmzzy]

When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.

First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

Merry Christmas (if you celebrate) and a Happy New Year to y'all.


Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.

I got the tips, you outlined but in other words do you know many inexperienced traders don't take chances even at red Market they do trade when they've no idea where the Market is leading to. Everything is not been learnt in one day it's a gradual process to be a professional some day.

[BlackPanda]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

Trading like this still not enough, you should not enter the market went the bearish still continue. no one cant know the exact dip my friend, i dont know why every people always buying dip then we got a more dip with a few days.

Although the bearish market continues, we could try to daily trading because I see that we have an opportunity to buy the coin at the low price and sell when it increases in the next hours or days. Long-term trading still works and it still waiting for time to comes. People buy in a dip because they think that the price will increase in the next hours, but the truth is the price still on the downtrends. Maybe in this situation, we need to analyze deeply for the coin we want to buy.

There are still opportunities because when we trade daily we can take advantage of existing margins. Although the benefits obtained are quite small, but when we can get as much profit as possible, it is an opportunity. Bearish markets are not obstacles, opportunities will always be there. when we are good at using the situation, everything can be a good opportunity.

[naruto7676]

Don't trade ofcourse if you are inexperienced trader or new in trading for sure you will loss a big money if you are going to trade without no experience. That means your money just giving away.

[Lpim01]

Don't trade ofcourse if you are inexperienced trader or new in trading for sure you will loss a big money if you are going to trade without no experience. That means your money just giving away.

You can't be learn and you can't be successful if you'll never have to risk and experience losses. Losing is a part of our trading journey, is just like a competition or a game, there will win and loss. But we took those failures as a strength and learn those things a lot, so every mistakes will have done will surely be address and not to happen again(into minimal). 

[nomenclatur]

Don't trade ofcourse if you are inexperienced trader or new in trading for sure you will loss a big money if you are going to trade without no experience. That means your money just giving away.

You can't be learn and you can't be successful if you'll never have to risk and experience losses. Losing is a part of our trading journey, is just like a competition or a game, there will win and loss. But we took those failures as a strength and learn those things a lot, so every mistakes will have done will surely be address and not to happen again(into minimal). 

Subjective things are how to learn to maintain nominal assets by considering some of the profits that must be obtained, here experience must be improved and do not think of small capital first, actually for some trading techniques supported by communication with several experts will always be effective after going through 1-2x losses.

[hen cet]

The best time to be a day trader is now actually. I don't want to say why, you just need to keep an eye on those daily dips and sell when the price goes up. Longterm trading don't work very much in this current market unless thee is a good dip or rise in price

Inexperienced traders are very vulnerable to losses, because they rely more on feeling factors.
The turmoil of crypo prices is often responded to with emotion, which means that the price increase wants to sell crypto because it is profitable, whereas when the price drops it becomes panic then sells it so that it loses.
Must learn more about watching prices rise or fall, and be more patient in making decisions.