SIMPLE ADVICE TO ALL NEW TRADERS

[Restmand]

TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage ,  to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.

your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.

ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR

Well said. I engaged in this crypto world since 2015 but until now I am still not good in trading. I always got lose with my capital due to lack of self control and discipline. I am greedy to the price of the token which is not good although I knew it but I cannot make sacrifice not to sale or buy that token. To be a good trader needs a serious study and a long time to observes and lessen to what the market moves.

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[Shallow]

Can anyone really be rushed or pushed into trading? I think I find that hard to believe and if anyone allows himself to be pushed into trading without having all the knowledge needed for successful trading, then he is bound to meet a great loss. Trading is a venture which needs appropriate training, learning and enough time to perfect it, it is not something that can be rushed into just because a friend is doing it. Therefore I agree with the advice, let every potential trader do so, that is, trade only because he has found himself ready for it.

[freedomgo]

to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.

Have you ever traded in the market?
Trading with $ 10 fund is completely different from $ 10k fund especially trading psychology. It is possible to achieve a high profit rate when trading with a small money, but once you have achieved a large amount of capital, all of your decisions will be affected by your psychology. This is what I went through when trading.

Yes, that's a different amount but OP wasn't talking of its differences, as that is just numbers, what you need is the skills to trade because if you have that already, you'll be consistent and you can be profitable regardless of the amount you trade. Consistency means long term success in trading.

[serjent05]

Can anyone really be rushed or pushed into trading?

Yes, those who were highly hyped just jump in to trading platform and buy the overly hyped coins or cryptocurrency.  They were so excited thinking that they will gain a huge amount of profit if they rush in, and those who fear missing out the opportunity to take profit.

I think I find that hard to believe and if anyone allows himself to be pushed into trading without having all the knowledge needed for successful trading, then he is bound to meet a great loss.

You may not believe it but it really happens.  See those people who bought at ATH and end up bag holding worthless coins.

[hulla]

to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.

Have you ever traded in the market?
Trading with $ 10 fund is completely different from $ 10k fund especially trading psychology. It is possible to achieve a high profit rate when trading with a small money, but once you have achieved a large amount of capital, all of your decisions will be affected by your psychology. This is what I went through when trading.

Yes, that's a different amount but OP wasn't talking of its differences, as that is just numbers, what you need is the skills to trade because if you have that already, you'll be consistent and you can be profitable regardless of the amount you trade. Consistency means long term success in trading.

Youre absolutely right because the message passedby the OP was training oneself to be a better trader irrespective of the capital but I still don't see been discipline as the only character to be a successful trader because portfolio management knowledge is also needed especially when a large capital has been achieved.

[didzi]

People trade for different reasons and with different strategy. A trading strategy for long hodlers won't be the same as a short term holder, traders who profits from price fluctuations and the day traders who earns from trading. The priorities of event traders may not be same as of a grid trader. You first need to set your priority and devise a strategy for your own.

strategy is important, but i agree with the OP, because he said discipline is the most powerfull weapon for trading
and don'r forget about patience, because we should wait the right time to enter and exit the market and its need patience buddy

[pedpedped101]

People trade for different reasons and with different strategy. A trading strategy for long hodlers won't be the same as a short term holder, traders who profits from price fluctuations and the day traders who earns from trading. The priorities of event traders may not be same as of a grid trader. You first need to set your priority and devise a strategy for your own.

strategy is important, but i agree with the OP, because he said discipline is the most powerfull weapon for trading
and don'r forget about patience, because we should wait the right time to enter and exit the market and its need patience buddy

Some might misinterpret the patience to be something else. They might feel waiting ordinarily will give them the right solution to their trading. Trading is much more than that, it involves careful study. You study the coin you are or want to trade, as well as the exchange. There are certain tings that can't be change, it is the circumstance surrounding the trading.

[Upgate]

Yeah i have seen some people just showing profits and those too big ones and on almost daily basis, this is a new kind of scam where they want people to invest with them or let them trade their account, those whos trade know that making profit daily consistently without loss is not possible.

That's the main reason I don't listen to those that advice me to trade on this platform, showing me there profit as evidence of payments cos I do know it will only end in scamming people.
I only trade on what I feel like, not something someone showed me or advised me to do, due to their profits.
My friends are victims of such scams. Don't want such to happen to me neither

[funex]

 the only advise i have for new traders is that they  should stay away from greed , study trading well before you start and always learn to take profits whenever the need arises don't be emotional about any project so you don't lose all your capital.

[Kasabus]

People trade for different reasons and with different strategy. A trading strategy for long hodlers won't be the same as a short term holder, traders who profits from price fluctuations and the day traders who earns from trading. The priorities of event traders may not be same as of a grid trader. You first need to set your priority and devise a strategy for your own.

strategy is important, but i agree with the OP, because he said discipline is the most powerfull weapon for trading
and don'r forget about patience, because we should wait the right time to enter and exit the market and its need patience buddy

Traders will create different strategies based on what will work for them and not just following those strategies that have been taught by another good trader. Yes discipline should always be present in trading and do not let your own greed rule your trading because it won't make you a profitable one. And don't ever think that trading will make you wealthy in just a single day, that's totally a lie. Trading should be learned one step at a time and experience will help you to be a good trader after learning from all the mistakes you have committed.

[Nellayar]

Future Trading is like burning your assets into ashes.

In trading, we must not hurried our profits. We must learn and study the different strategies and techniques for us to initiate good trades. Because, when you are always feel greediness in trading you may lose. In addition, disciple for every trades must be implemented. I have a friend in telegram who always afraid to lose 2% from his buy entry. That is why, even the price moves down in 5 sats, he always make a stop loss. Therefore, when there is a bounce he always make regret in telegram for his early loss selling.

Trading is not a game, it is an investment. So, we must plan every execution that we will make.

[kawetsriyanto]

Is that simple advice? Well, I think that it will be more useful if we also advise what kind of strategies. But I know that everyone has different strategies. About sitting down and focusing on the market charts, well, if it is about the daily trader, probably yes. But, what's about the others? Some people may not be comfortable to be only sitting down while trading. Can it depend on each person? Additionally, is the strategy and discipline of trading 10 similar to the ways of trading $10k? I think it will be a different situation.

[livingfree]

the only advise i have for new traders is that they  should stay away from greed , study trading well before you start and always learn to take profits whenever the need arises don't be emotional about any project so you don't lose all your capital.

Greediness is one of the barriers from new traders.

Even for the middle-experienced traders, it's still a problem and I guess those professional traders are still kicking them with greed. But it's sure for them that they are disciplined people and they know the boundaries and we should learn from them.

[dimonstration]

Future Trading is like burning your assets into ashes.

In trading, we must not hurried our profits. We must learn and study the different strategies and techniques for us to initiate good trades. Because, when you are always feel greediness in trading you may lose. In addition, disciple for every trades must be implemented. I have a friend in telegram who always afraid to lose 2% from his buy entry. That is why, even the price moves down in 5 sats, he always make a stop loss. Therefore, when there is a bounce he always make regret in telegram for his early loss selling.

Trading is not a game, it is an investment. So, we must plan every execution that we will make.

When we get into trading we must know what we are doing, it's OK to try it already since that way we will only applies our knowledge and learnings but better do it with tutorials or learning first. Just like in school before we do exam we need to study throughly. There are many strategies and for us to be able to see what works on us we better try it, we can do it with non money trading apps first or tru investing minimal amount first to trade. But better with simulation apps or website if we wanted to learn it fast. Trading is a continuous learning and we will able to learn and earn thru our dedication on studying it.

[Python Master]

You can't follow the same discipline you apply to a 10$ account with a 10k$ account, also can't with demo account and real account. Because you will have different psychology with each account when you trading. The fact is  that very rare trader can control his psychology. Start with a demo account or a small balance account is good, after that you can trade with larger account but it must be not too large, such as move from $100 account to $500 or $1000 account, do not move from $100 to $10k.

[Free1bitco.in]

ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR

agree with this statement. however, people only show when they succeed in making a big profit, and cover up the failures they get. Well, that's a common thing. I also suggest not to rush into something new, especially when you are driven by the benefits. however, always keep track of the risks you can get.

[Phoenix_PROG]

to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.

Have you ever traded in the market?
Trading with $ 10 fund is completely different from $ 10k fund especially trading psychology. It is possible to achieve a high profit rate when trading with a small money, but once you have achieved a large amount of capital, all of your decisions will be affected by your psychology. This is what I went through when trading.

That sounds like greed, this is why I fear trading, I don't like trading and dreaming at the same time, you will get greedy fast and when you make enough profits always withdraw back into your wallet before you make a stupid mistake that will cost you big loss

[peterlustig]

Exactly! when I was new in leverage trading the first mistake I made was using high leverage because of that I lost a lot of bitcoin it's only later I understood higher leverage equals lower liquidation price. We should always take ladder entry with low leverage IMO. Also, do not just blindly open a position without understanding the market.

[ned.ryerson]

Exactly! when I was new in leverage trading the first mistake I made was using high leverage because of that I lost a lot of bitcoin it's only later I understood higher leverage equals lower liquidation price. We should always take ladder entry with low leverage IMO. Also, do not just blindly open a position without understanding the market.

leverage is important, but I generally do not recommend anyone to trade with leverage if a person is not a professional trader and has less than 10 years of experience in trading

[maxreish]

 ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
 
 

 Appreciate the words of wisdom you stated here. We have different level of understanding in trading. Some are actually fast learners but skme may not. Confidence while preparing to go to the battle with of course tools with you has a greater chance that you'll be successful to make some profits in trading in the future. We may not force everyone to trade especially with lack of knowledge but to take risk and have courage is the key to start what we are aiming for.