Newbie trader be like

[angrybirdy]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Losses is somehow fated on traders and sadly we could just learn along with waste of money and the least we could afford is the experience and knowledge that we can get through it.

Making plan is great but that doesn't guarantee a 100% success and so trial and error. While reading and researching a lot could help but nothing beat on first hand experience, that would be the best mentor ever.

Agreed, having losses are only natural on the first try, but I don't see a reason why OP started trading without planning after his trade. But it is fine, actually, the experience is the key to realize the mistakes that have been made in the past.
There is no expert trader that never made a mistake on his first trade, every failure should be the reason for every trader to grow as a better trader in the future.

[1714803383]

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[1714803383]

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[Mighty_crypt]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

If you think you can learn trading without losing you are fooling yourself, i don't bother to learn further because i just don't get how to trade, the surest way to earn while trading is when bullrun just starts

[Aabcde]

At least you become more mature in trading. It doesn't matter if your money is wasted if you get the lesson. A pro also must have a loss sometimes but he must set how much loss he should get. Do not let the assets eroded away because it does not set cutloss.
I still vividly remember the first trading in crypto, I only relied on feeling, reading a little. Although there is no loss, there is always anxiety. Gradually I began to understand how to trade well. Hopefully, you also find your own way of trading.

[Obito]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

Glad you are aware of such thing. Now you that you know what to do, stick with it, do what is on the plan and avoid trying on other stuff you are not even familiar of. And as well add this, always remember to set a certain quota of profit or if you don't mind leave it, but do not take this off set a quota of loss to just avoid severe losing. As well it is okay that other got one more step of ahead you, because you can attain what others did. Lastly invest a thing you can afford to lose.

[breathlessz]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

Most novice traders experience the same thing as you, including me too. until now I am still learning, and I consider trading to be my new hobby. so I am challenged to keep learning about the market. I'm sure one day I will understand the market and get a consistent profit

[Xcode7]

that experience is valuable if you aim to find out more about daily trading. your flight time will be faster if you always bride a mistake before, and do not let the mistakes that occur repeatedly as before

[airdnasxela]

That's a pity but I think that's just normal especially for beginners since they're still learning and gaining knowledge. That's a common problem and issue we experience when starting. Very disappointing but acceptance and learnings based on experience will do.
Trading is not as easy as it is, you need to learn first how it works and how to make it profitable for you. Just like what you've said, planning is always need not only in trading but  almost everything you do as well.

[key4co.in]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

Newbie traders usually lose more funds initially when they do not understand the basics of trading. Even if you are not so good with Technical analysis, at least trade with some FA and always use stop loss. Some new traders do not bother to do research. Some keep following buy calls from pump channels which most times always have a negative result since even if the coin is pumped for real, dumping fast before those behind the pump is always very difficult. If you don't plan well, or lack proper risk management and strategy, you will always regret trading. For instance, a trader who doesn't use stop loss is taking a very big risk.

[malikusama]

Along with the planning, patience and knowledge about market are basic things needed in trading.
Every newbie should know that crypto isn't a get rich scheme, it needs proper knowledge market awareness just like other real life trading.
Develop patience in the beginning isn't that easy but with proper market awareness/knowledge beginners would be able to control their emotions.

[Bim abk]

I think you need to make a correction first before resuming doing daily trading. because if you make mistakes repeatedly you have to investigate those mistakes, don't just have courage. it would be better if you have the appropriate knowledge and courage

[cutesgirl]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

If you are beginner with trading in bitcoin and altcoin better to buy with altcoin have top ten position on exchange market like ethereum and litecoin, never buy with shit coin because you can lost moment when you not active for checking your assets coin, shit coin can be dump with very lower price and you have waiting long get back.

[LouVandetta]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

Remember this, enrty and exit point, stop loss, and target profit.
You'll need to learn how to make a decision, whether to buy or sell, hold or cut loss. Everything matters when it comes to trading. I was once like you too, just a newbie. Not that I'm an expert now, at least I know what to do and to avoid so I won't make the same mistake again. Don't be afraid with your own mistake, learn from it. With all those and your research you'll be good.

[tianglistrik]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

Remember this, enrty and exit point, stop loss, and target profit.
You'll need to learn how to make a decision, whether to buy or sell, hold or cut loss. Everything matters when it comes to trading. I was once like you too, just a newbie. Not that I'm an expert now, at least I know what to do and to avoid so I won't make the same mistake again. Don't be afraid with your own mistake, learn from it. With all those and your research you'll be good.

it must indeed be determined before starting investment or conducting daily trading. because you have to be able to prepare a target to sell and stop loss because both are needed to know the profit and loss limit

[crypto1987]

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[Fappanu]

This is a mistake that we must correct because we will not become successful traders if we keep our minds closed about the mistakes we make. And you're right that planning a course of action can really help us especially when we're in an unpredictable market situation. I am sure you can apply all your experiences and of course you plan in this situation. And because of this we will succeed in overcoming trading trials.

[Coltpython]

Rightly said, you need a lot of planning and also a lot of patience when it comes to day trading. Just stick to your signals like MACD and observe trading volume as well as 24H highs and lows. You should be fine swing trading easily for few % profits each day

[iamaruf]

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading  is plans is very important. At the same time patience.

First try to understand why you lost? Find out your fault. You only mention that need proper plan. Yes in trading need plan but you should find out the reason behind the loss.if you make a plan I will sell btc after 30 days.doesn’t matter what price. Find out our fault. Control your emotion.Research more and more.it will be helpful for you in future.             

[btcdie]

The main key in trading is to get rid of greed or laziness. patience is also most important in trading for beginners, the point is emotional or our psychologist must be really normal. after that the analysis is precise, accurate, and real. multiply friends so you can discuss every day what coins you trade. so far, that's what i did.

[Nezerlan]

Don't be impatient when trading. I have had sessions where a coin I am trading starts going in the wrong direction and I had to panic sell only for the coin to do x4 later on in less than 6 days.

[electronicash]

i'm not a good trader myself but i made some profit by just buying and selling and all you need is a chart and the knowledge that when prices goes up, it always comes down. when the price depreciate, that's when your plan should be executed. when you see you profit by $20+, you sell. it doesn't matter if it shoots up more than you expect since you can always by again when the price dips again. you can do it over and over but next time you learn to see when the price will down or up. learn the indicators.