Traders who never bother to learn how to trade

[Savemore]

Knowledge is power. The saying goes right in every sense. Anyone with knowledge has more opportunity in lives and better skills of survival. The more someone knows the better it is for his own safety and future. Traders of digital coin market should be fully aware with all the rules of this profession. In addition to this, the coin they intend to trade with must be learnt in depth first.

There is really good thing when you have a lot of knowledge, seems like  you are superior with everything and cannot be easily manipulated by the market, whalers, fudders, fomo, as you can think well what could be  happening, you can analyze and think of some strategies without any panic. So, having knowledge not only about the market, or how to trade but about the project as well will give you an advantage.

Whales can really manipulate the market but we can minimize our losses if we have good plan trade. The plan should consists of the following: we should know our entry point, the rewards and the risks and also the cut loss point where you can minimize your losses. If you will follow your own plan, then you can high chance of winning your trades.

[Omega Weapon]

Knowledge is power. The saying goes right in every sense. Anyone with knowledge has more opportunity in lives and better skills of survival. The more someone knows the better it is for his own safety and future. Traders of digital coin market should be fully aware with all the rules of this profession. In addition to this, the coin they intend to trade with must be learnt in depth first.

There is really good thing when you have a lot of knowledge, seems like  you are superior with everything and cannot be easily manipulated by the market, whalers, fudders, fomo, as you can think well what could be  happening, you can analyze and think of some strategies without any panic. So, having knowledge not only about the market, or how to trade but about the project as well will give you an advantage.

Whales can really manipulate the market but we can minimize our losses if we have good plan trade. The plan should consists of the following: we should know our entry point, the rewards and the risks and also the cut loss point where you can minimize your losses. If you will follow your own plan, then you can high chance of winning your trades.

While a trader that can do that is in a better shape than most traders that is still not enough, you need to know for sure if what you are doing is profitable and the only way in which you can do that is to test your strategy against what the market has done in the past and see what are your results, if you can obtain positive results then you know that you have a very high chance of being profitable but if that is not true then it doesn't matter that you know all of that since you will lose your money anyway.

[alyssa85]

I know there are some traders who count on pure luck. They think they don't need expertise and knowledge about cryptocurrencies and market. Such approach isn't for long term, you might have some beginners luck but that will past very quickly and soon you will find yourself in situation that you face losses and don't actually know what are you doing and why.
Such traders often think trading is like gambling, that is why they have such attitude.

They're in this space because they want to "get rch quick" and they think cryptocurrency is the way to do this. In the late 1990's the same type of mentality were trading stocks on the NASDAQ.

[Spaffin]

Even 2 years ago, I considered the Bounty Hunters to be very bad traders in most cases, because they earned cryptocurrency and immediately tried to sell it at a good price.  But today the situation has changed significantly and each cryptocurrency user must learn to trade independently and effectively if he wants to make some kind of profit on the cryptocurrency market.  Even those moments that are earned with the help of the Bounty companies are better used for trading, and not sell them without a trace.

[Murat]

When you see a lot of people started trading in this system without proper knowledge about this one, so it's sad but true that they are not eager to learn anything before start trading in the cryptocurrency, I think every trader should learn a lot of things within every step of trading. but doing and learning is not a good way of making sense for me, so I think you have to learn properly before joining any platform, and this is the best way to learn by every step and which makes any traders perfect.

[deisik]

I know there are some traders who count on pure luck. They think they don't need expertise and knowledge about cryptocurrencies and market. Such approach isn't for long term, you might have some beginners luck but that will past very quickly and soon you will find yourself in situation that you face losses and don't actually know what are you doing and why.
Such traders often think trading is like gambling, that is why they have such attitude.

They're in this space because they want to "get rch quick" and they think cryptocurrency is the way to do this. In the late 1990's the same type of mentality were trading stocks on the NASDAQ

But who doesn't want to "get rich quick"?

Let's cut the crap here and be honest to ourselves, we all want to get extremely rich overnight (okay, let it be within a year or so). This is a dream, and it is totally fine to have dreams. It is what we actually do (and abstain from doing) to reach them that matters. If we are reckless and irresponsible when trying to get there, we will suffer. On the other hand, if we wisely take advantage of the moment ans opportunity, it is possible, at certain times

People who invested in Bitcoin earlier and had patience to wait enough (but not longer) were in fact able to get rich, and get rich fast at that, within a couple of years or even less. It was the case with the dotcom rush as well, and same with cryptocurrencies some 15 years later. The bottom line is that the cryptocurrency was actually the way to do this (not sure about now, though)

[AniviaBtc]

When people here that crypto trading can be helpful to make lot of money in very wuick time then they will jump into it without knowing enough knowledge.
They even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.

The most important part of the knowledge is to learn about safety(security), most investors do not even know what a hardware wallet is, how to use it or even how to purchase it, this should be the first things to learn as a cryptocurrency investor, how to protect your coins and keep them yours, if you have sufficiently acquired that knowledge, you can then step up to learn how to trade(probably paper trading )before investing

As for safety, that is very basic and you can sure your secuity in 10 minutes. You can teach beginners safety and they can easy learn it. That's not the big problem in trading, people.

The big problem is that they keep on searching knowledge and information but they don't know how to apply it in the actual trading. That's the use of this threads, to know the basics of trading and later you will apply it. As you apply it, you'll get experiences.

Experiences is the key to become a professional trader. You'll learn the ups and downs of trading. That's the purpose of applying those knowledge, EXPERIENCE.

[imstillthebest]

When people here that crypto trading can be helpful to make lot of money in very wuick time then they will jump into it without knowing enough knowledge.
They even don't know about wallets and exchange and at the end they will lose all their money and blame cryptos.

The most important part of the knowledge is to learn about safety(security), most investors do not even know what a hardware wallet is, how to use it or even how to purchase it, this should be the first things to learn as a cryptocurrency investor, how to protect your coins and keep them yours, if you have sufficiently acquired that knowledge, you can then step up to learn how to trade(probably paper trading )before investing

As for safety, that is very basic and you can sure your secuity in 10 minutes. You can teach beginners safety and they can easy learn it. That's not the big problem in trading, people.

The big problem is that they keep on searching knowledge and information but they don't know how to apply it in the actual trading. That's the use of this threads, to know the basics of trading and later you will apply it. As you apply it, you'll get experiences.

Experiences is the key to become a professional trader. You'll learn the ups and downs of trading. That's the purpose of applying those knowledge, EXPERIENCE.

if you have a knowledge , safety will just come in effortlessly and why will you dont apply it when safety is the one that will make you secure your cryptos . learning it without applying it makes no sense at all  . its like depositing and donating your money to scammers and hackers  . why would you call a trader if he didnt know how to trade  ? there are alot of them that can only be consider a trader wannabe  . they shouldnt act like this because they  arent cool anymore

[pawanjain]

Humans tend to make mistakes as well but what makes them different is their ability to learn from their mistakes and improvise.
The ones who don't learn from their mistakes eventually end up landing in trouble.
I agree that people should to trade as soon as they can so that make mistakes and improvise quickly.

[Sadlife]

I've actually made that big move where i just jump at trading after watching a couple of videos teaching about buying low and selling high cause i thought it was easy but after trading and lossing even though it was a little investment, to me it was stressing cause it was all the money i got. Right now im watching all these trading advice and price analysis to see and learn how expert trade, read charts and what to do next.

[Omega Weapon]

Humans tend to make mistakes as well but what makes them different is their ability to learn from their mistakes and improvise.
The ones who don't learn from their mistakes eventually end up landing in trouble.
I agree that people should to trade as soon as they can so that make mistakes and improvise quickly.

But why do you have to learn from making mistakes? Why you have to enter the market and make all kind of mistakes and lose money because of them when you could read a few books and avoid most of them? Also I am not really a big fan of improvising when it comes to your trading, for what I have seen the most successful traders know very well when they want to enter the market, when they want to get out, why they are making that trade, how much money they are willing to risk and what are their chances to win that trade, they leave nothing up to chance and they do not improvise at all.

[iram3130]

I know some people whom I dont want to refer as traders because they never want to learn about the project or its future usecases, rather they will just wait for someone to give them "Signals" and they buy/sell based on that. I dont think thats trading, they cant earn in the long run.

[wajik-tempe]

I know some people whom I dont want to refer as traders because they never want to learn about the project or its future usecases, rather they will just wait for someone to give them "Signals" and they buy/sell based on that. I dont think thats trading, they cant earn in the long run.

It depends on who their follow to make a trade, if they follow the pro traders and make every trade based on the pro traders made, i think they will be good. But the problem is, the pro traders won't show the whole trades that they made and their followers will do nothing when they not show it. So, we better to learn trading by our analysis and experience. So, we could make any trades anytime when we want

[EdvinZ]

Before the eyes of the trader constantly flash buy and sell orders, daily trading volume on the stock exchange. As a rule, these are big numbers and sometimes they cloud the mind. Newcomers think that some of this money can easily go into their pocket. But they forget that more experienced traders have the same goal. I agree that beginner should start trading on demo accounts, then with small amounts and if it turns out to increase the depot, he can gradually increase his deposit at the expense of his fiat funds. A beginner should also strictly follow his trading strategy.

[travwill]

In my opinion, this is not only a problem for traders. In any field, there are people who choose practice and, unfortunately, neglect such an important theory.
Of course, it is not necessary for all areas to know the theory, but trading is one of such areas.
It is best to find a teacher who will put you on your feet in trading than to study yourself or learn by trial and error.

[posi]

In my opinion, this is not only a problem for traders. In any field, there are people who choose practice and, unfortunately, neglect such an important theory.
Of course, it is not necessary for all areas to know the theory, but trading is one of such areas.
It is best to find a teacher who will put you on your feet in trading than to study yourself or learn by trial and error.

The last time I checked some of the most experienced traders will have in the crypto market now don't have any teacher to train how to trade but the make an in-depth through YouTube video and doing some research about the market by themselves. However, I think what's most important needed to thrive in this market is to understand previous historical data of the market with the inclusion of whales movement.

[aardvark15]

New and inexperienced traders are easy victims of the whales. I was inexperienced when I started and made a bunch of bad decisions. I would have been better off buying and holding.

[makolz26]

New and inexperienced traders are easy victims of the whales. I was inexperienced when I started and made a bunch of bad decisions. I would have been better off buying and holding.

That's sad truth, maybe they are too rich that they don't need to waste their time studying trading and they just do it just like playing a lottery, anyway, it is their choice and we cannot force them and control them if they don't want to learn trading at all, maybe they are too busy with their other business, or maybe some are having difficulties studying it.

[The Sceptical Chymist]

I would have been better off buying and holding.

That's true of pretty much everybody.  I remember learning that in the stock market, the more traders trade the less profit they made--but I think that's because the commissions brokers charge is much higher than crypto exchange fees.  But the expenses still have an effect that isn't negligible.

I'm not sure how you learn how to trade cryptocurrencies or even if you can.  I know lots of folks are into TA, but I think that's a bunch of voodoo pseudoscience, and I doubt that many TA traders really make money watching charts.  In any case, I've always been a buy-and-hold kind of investor and I'm not about to change that strategy. 

One thing to learn even if you're just holding for the long-term is not to panic when prices go down and not to sell when things get bad.  That's a mistake a lot of people make.

[Lanatsa]

I would have been better off buying and holding.

That's true of pretty much everybody.  I remember learning that in the stock market, the more traders trade the less profit they made--but I think that's because the commissions brokers charge is much higher than crypto exchange fees.  But the expenses still have an effect that isn't negligible.

I'm not sure how you learn how to trade cryptocurrencies or even if you can.  I know lots of folks are into TA, but I think that's a bunch of voodoo pseudoscience, and I doubt that many TA traders really make money watching charts.  In any case, I've always been a buy-and-hold kind of investor and I'm not about to change that strategy. 

One thing to learn even if you're just holding for the long-term is not to panic when prices go down and not to sell when things get bad.  That's a mistake a lot of people make.

There were only 2 types of traders which are the ones who do mainly focused on TA and to those who believe with pure instinct/intuition/voodoo etc.

Lots are making money by doing active trade.Lots of them tried to do the same thing but it isnt really for everybody but it isnt really harmful to try
if we arent on the likes on waiting up for so long.