5 Tips for Trading from Beginner, For Beginners.

[jaberwock]

4. Do not click any button yourself, a trade should over with a stop loss or take profit.

I don't necessarily agree with this statement because if you are getting a coin well below the value you believe it should be trading, there is no point in wasting time and we must buy the tokens at market price. This might be suitable when the market is down, don't let your emotions trade for you, let your stop-loss trigger and if not, just wait for the right time to sell the coins.

5. Never 100% on one trade, 20% amount with x3.

Again, not something I agree with. As a trader, we must not put more than 2-5% of our capital within a single trade because there need to be some funds in your wallet in case things go bullish after you buy some coins and your trading shouldn't be halted because you invested too much into a single coin.

[1714715619]

1714715619

[1714715619]

1714715619

[1714715619]

1714715619

[chanler]

Good observations and can be tried to practice trading. It is true that it takes self-analysis and also initiative for a trader to be able to get the expected profit. I am also still learning to trade and that will certainly help. In trading apart from good analysis it also takes extra patience in dealing with the ups and downs of the crypto market. Where if a trader can't control it it will be bad because he can rush into doing something and end up losing. Of course, it is hoped that this will not happen so you have to be more aware of the crypto market and don't forget to handle the market well as material for further analysis.

[wiss19]

I would like to  congratulate OP if he really follows these and he has been around for just 30 days. These are of course basics and there are many other stuff that you should be careful about but it is still awesome that he managed to get all of this in just 30 days, I know people who trader for years and still have no idea what they are doing.

At the end of the day, what is important is to make profit by doing the right things, because if you make a profit purely from getting lucky then it means that you are not going to get lucky forever, but if you make a profit based on true stuff then we are talking about something a lot more sustainable.

It is not easy to keep making profit after profit for that long, but it is definitely something that everyone should follow without changing their ways (unless they made a mistake) just because they had a loss, keep following your rules even in a loss.

Thank you el_kaka, for your kind words. And yes, I started like a month ago now and doing really good. 
Also, I am trying to learn understanding the market sentiment and fundamentals, so i am really happy with my progress.

Actually, the fundamental part is very important and I am really happy that you value fundamentals more than technical analysis. Often time people believe that once they have understood the concept of technical analysis, they have mastered trading but it's just a myth and remember a chart-reader is what all you become by learning technical analysis. It's the fundamental analysis that lets you achieve success in the long term because you start evaluating upcoming projects without looking at their market price.

if you don't mind and it's not a huge task for you, keep sharing your trading stats like how you are doing each month and what new you have learned. I don't get enough time to trade actually because of my job and most of the threads are spam in the section, it feels good when someone actually shares their own record and learning with others.

[Hippocrypto]

5 Tips for Trading from a Beginner, For Beginners.

1. Check market sentiment
2. Set loss/profit (really important)
3. No emotions, only believe in your analysis.
4. Do not click any button yourself, a trade should over with a stop loss or take profit.
5. Never 100% on one trade, 20% amount with x3.

This is what I learnt in my 30 days of trading and so far, I am doing really good.
If any of you have some tips for me aswell, go ahead. 

Based on my years of experience, that 30 days isn't enough in order to be called successful. Maybe it's effective if you just have bounty coins or tokens came from airdrop, because you just don't earn that money from job or whatsoever. Learning to trade as a beginner, couldn't have a shortcuts, it need dedication and determination to achieve good results. Most probably 1-3 years will certainly give you enough skills.

[Shasha80]

5 Tips for Trading from a Beginner, For Beginners.

1. Check market sentiment
2. Set loss/profit (really important)
3. No emotions, only believe in your analysis.
4. Do not click any button yourself, a trade should over with a stop loss or take profit.
5. Never 100% on one trade, 20% amount with x3.

This is what I learnt in my 30 days of trading and so far, I am doing really good.
If any of you have some tips for me aswell, go ahead. 

you have learned a lot in 30 days i think. i'm beginner in crypto trade for some issues i can't survive i mean i losses all of my money in less than a week btw i wouldn’t like to trade with large amount,
ImThour you can add this point because a beginner shouldn’t take high risk for trade large amount which not affordable for him.

Do not use a large amount will be our concern, especially if we are beginners because that means our risk will become higher and if we do not have many skills or can not analyze the market, that will not take too long to lose the money. It is better to use small money while still learning and understanding how the lesson can help us trade. And if you feel that you can accept the risk and have more skills than before, you can add more money to trade. Learning trading will not stop, even if you can become a pro trader because the market itself will change day by day.

I agree for beginners to avoid using large capital for trading, because the risk of losing money is very large. It's a shame we lost a lot of money
when we started learning to trade, if we use a small capital we can consider the losses we experience when trading, as the cost of learning to trade.
For beginners to be successful, takes a long time in my opinion. Can't judge for 30 days, because it's not easy being a successful trader. It must
be remembered that trading is not as easy as we imagine, there are many things that we must learn to become successful traders. I have been
trading crypto for more than 5 years, and until now I have never stopped learning. Especially other people's trading experience can be a valuable
lesson for us. So my advice is not to be too satisfied with the results of the trades that we do in 30 days, there are still many things that need
to be learned in trading.

[perfect999]

Do not use a large amount will be our concern, especially if we are beginners because that means our risk will become higher and if we do not have many skills or can not analyze the market, that will not take too long to lose the money. It is better to use small money while still learning and understanding how the lesson can help us trade. And if you feel that you can accept the risk and have more skills than before, you can add more money to trade. Learning trading will not stop, even if you can become a pro trader because the market itself will change day by day.

I don’t think there is any rule that is more important than the other, no. It’s just like food and water, you cannot take one away from the other, because you need the both of them to live. That’s how it is in this case, you need all of them in your trading business so you can succeed in it.

Yes, you do need to start small, but what’s the need of starting small when you have no knowledge or skills on how to trade? You’re just going to keep losing those small amount of money until you have lost all of them. Losing your first trade doesn’t automatically mean that you have gained an experience that will make your second trade better. So you have to learn first before you start trading. And moreover there are demo trades these days.

[CryptocurencyKing]

5 Tips for Trading from a Beginner, For Beginners.

1. Check market sentiment
2. Set loss/profit (really important)
3. No emotions, only believe in your analysis.
4. Do not click any button yourself, a trade should over with a stop loss or take profit.
5. Never 100% on one trade, 20% amount with x3.

This is what I learnt in my 30 days of trading and so far, I am doing really good.
If any of you have some tips for me aswell, go ahead. 

Based on my years of experience, that 30 days isn't enough in order to be called successful.

30 days of trading experience is okay but by far too small or no significant to be used as a quantifier for a successful trader. No, not by a bit. You know, either you like it or not, trading have got periods. Periods when, the market seems to be so merciful that, even someone who is dumb at trading might trade and would see himself or herself making profits and then begins to feel smart about there entering and exit but then, there are points or periods when, you just don't dare to trade. I think one of those period was just recently, 2-3 weeks ago for me. Despite what effort I was putting in, I was loosing. Tried to restrategies and still, i lost some more. Times such as that, you just need to pause and examine the market. Trading is an every day experience something because, times change.

[michellee]

I agree for beginners to avoid using large capital for trading, because the risk of losing money is very large. It's a shame we lost a lot of money
when we started learning to trade, if we use a small capital we can consider the losses we experience when trading, as the cost of learning to trade.
For beginners to be successful, takes a long time in my opinion. Can't judge for 30 days, because it's not easy being a successful trader. It must
be remembered that trading is not as easy as we imagine, there are many things that we must learn to become successful traders. I have been
trading crypto for more than 5 years, and until now I have never stopped learning. Especially other people's trading experience can be a valuable
lesson for us. So my advice is not to be too satisfied with the results of the trades that we do in 30 days, there are still many things that need
to be learned in trading.

It is hard to say that 30 days to conclude if we can use more money to trade because that will depend on how good our result is. If we can make a profit, especially make a big profit and many times but that does not mean, we can add more money to trade. If you think you can use bigger money to earn a bigger profit, you can try that but the risk will be bigger. Even if we can improve our skills better, we still need to learn more about trading because the market will always change.

I don’t think there is any rule that is more important than the other, no. It’s just like food and water, you cannot take one away from the other, because you need the both of them to live. That’s how it is in this case, you need all of them in your trading business so you can succeed in it.

Yes, you do need to start small, but what’s the need of starting small when you have no knowledge or skills on how to trade? You’re just going to keep losing those small amount of money until you have lost all of them. Losing your first trade doesn’t automatically mean that you have gained an experience that will make your second trade better. So you have to learn first before you start trading. And moreover there are demo trades these days.

I assume that before we trade, we learn some lessons and we need to practice for what we learned. If you can practice based on what you learn, you will see what you need to learn more to get better trade. Losing your first trade can give you experience and know what you should learn to be better. Maybe that will not give you the right clue or information, but you can know what you need to learn next. Using demo trades is a solution and prevents losing money and that can work too.

[Shasha80]

I agree for beginners to avoid using large capital for trading, because the risk of losing money is very large. It's a shame we lost a lot of money
when we started learning to trade, if we use a small capital we can consider the losses we experience when trading, as the cost of learning to trade.
For beginners to be successful, takes a long time in my opinion. Can't judge for 30 days, because it's not easy being a successful trader. It must
be remembered that trading is not as easy as we imagine, there are many things that we must learn to become successful traders. I have been
trading crypto for more than 5 years, and until now I have never stopped learning. Especially other people's trading experience can be a valuable
lesson for us. So my advice is not to be too satisfied with the results of the trades that we do in 30 days, there are still many things that need
to be learned in trading.

It is hard to say that 30 days to conclude if we can use more money to trade because that will depend on how good our result is. If we can make a profit, especially make a big profit and many times but that does not mean, we can add more money to trade. If you think you can use bigger money to earn a bigger profit, you can try that but the risk will be bigger. Even if we can improve our skills better, we still need to learn more about trading because the market will always change.

It is true that the risk is very big if we trade using big money to generate big profits too. Because if the analysis is accurate and price movements
match our predictions, then it doesn't matter if we can get the results we want. The problem is that the crypto market is very volatile and difficult
to predict, so sometimes the results of our analysis are not accurate and we experience losses. It would be wiser to trade using small money and
we can collect profits through day trading. Indeed the profit we make is small, but if we collect the profits we get, the results can be big too,
but with a smaller risk.

[Mistafreeze]

This is really fantastic and simple which can be a tool for trading and analysing the market. Well as a new trader in the market, you should not be too amazed about your performance because it is normal to have this kind of result as a new trader due to your confidence in the market and less psychological phobia in trading.

When I started trading, I was quite amazed of my results just like you have done in showing us your result which is very appealing. After a while of my journey in trading, I started losing due to my understanding of the market or may I say it's due to reality and nature of trading. Trading is full of diverse exposure and experience about the market and this alone can make one to start losing because of the later fear  of doing the wrong thing or placing the wrong bet.

You need to get a trading plan that will guide you from greed and also inappropriate trading style that is capable of causing inevitable regret. Read books that will enlightening you about how trading works and how you can survive the market trauma as time goes on. Don't base you assumption on your current result, alot can still be achieved with time.

[michellee]

I agree for beginners to avoid using large capital for trading, because the risk of losing money is very large. It's a shame we lost a lot of money
when we started learning to trade, if we use a small capital we can consider the losses we experience when trading, as the cost of learning to trade.
For beginners to be successful, takes a long time in my opinion. Can't judge for 30 days, because it's not easy being a successful trader. It must
be remembered that trading is not as easy as we imagine, there are many things that we must learn to become successful traders. I have been
trading crypto for more than 5 years, and until now I have never stopped learning. Especially other people's trading experience can be a valuable
lesson for us. So my advice is not to be too satisfied with the results of the trades that we do in 30 days, there are still many things that need
to be learned in trading.

It is hard to say that 30 days to conclude if we can use more money to trade because that will depend on how good our result is. If we can make a profit, especially make a big profit and many times but that does not mean, we can add more money to trade. If you think you can use bigger money to earn a bigger profit, you can try that but the risk will be bigger. Even if we can improve our skills better, we still need to learn more about trading because the market will always change.

It is true that the risk is very big if we trade using big money to generate big profits too. Because if the analysis is accurate and price movements
match our predictions, then it doesn't matter if we can get the results we want. The problem is that the crypto market is very volatile and difficult
to predict, so sometimes the results of our analysis are not accurate and we experience losses. It would be wiser to trade using small money and
we can collect profits through day trading. Indeed the profit we make is small, but if we collect the profits we get, the results can be big too,
but with a smaller risk.

We are facing it right now as the market yesterday is drop but today, the market can rise, although not significant. So if you use big money and buy the coin yesterday, your profit now is big and will be up to you to sell now or still hold it. If we do not have better skills, I advise using small profit to prevent the losses and no matter if our profit is small, that will become bigger in the future because we can constantly trade and make a profit. That will be better than using big money but we can not make a profit at all.

[Anamika1000]

First of all welcome to the trading and after all, it is very difficult to learn and analyze the token first but it is very important to know about the coins and analyze them properly. For trading analyzing the token is the most important than anything.

[Guljan78666]

If you are beginner in crypto trading you follow these things to loss your money:
1: Never trade without stoploss.
2: Never use all amount in one trade or one coin.
3: Learn fast then invest in any coin.
4: before Investing in any coin must study about this coin.
5: Invest in top 10 coin for safest investmnt.
6: Take entry in parts not investmnt all amount in one time.
If you follow these point you play safe and earn maximum profit.

[James Watson]

Thank you for these skills, this will always remind me. There is a friend next to me who has lost 30% of his funds after trading for 2 years. Now it is the process of returning to the capital. He is still in the market. I believe he also has trades. Experience, he told me: this market has a trading cycle, if I want to quickly acquire wealth, I should sell it at the right time. In previous transactions, my trading cycle is very short, and 2 cycles are my trading time the longest. Long time.

What should I think of him regarding the trading cycle? What are the simple plans?

[sherenikaw]

Previously the good and useful tips for traders. Trading is not easy but it is not difficult too if we can determine our own path. By analyzing the market we can know what coins are good and the right time to sell or buy coins. Therefore it is important for a trader to be able to analyze and understand the market well. We also have to have a strong mentality in accepting this up and down crypto market, lest when the market goes down we panic about our assets and end up making the mistake of selling them. It will only make us lose. The profit that we will get from trading, whether it's big or small, it all depends on us, so we really have to be able to control it well.

[ali1177]

These skills are very important while we do trading I personally feel that whenever we trade we can't control our emotions we think that it will go up because we are buying that coin but it starts going down so it's very important to control our emotions and set stop loss.

[LongStand]

Beginners should know everything regarding trading and the marketplace before trade anything. It is possible to lose a lot of money if beginner make a mistake. Customer service, learning material, and account and trade minimums should all be prioritised for new traders. It's crucial to figure out how much you want to invest and at what price, as well as how far you're ready to let a stock fall before selling. Using the correct sort of trade order can help you save money.

[jostorres]

Do not click any button yourself, a trade should over with a stop loss or take profit.
Never 100% on one trade, 20% amount with x3.

This is what I learnt in my 30 days of trading and so far, I am doing really good.

These two were the mistakes I have experienced when I was beginner in crypto trading. When I was continuously watching market, out of over-confident, I made treads on my own by believing into market rebounce but I was not accurate. So, always opening trades with help of technical analysis will lead us into profits. Blindly opening trades will have only 10% chances to be profitable.

Risking only 5% to 10% of our capital in one trade and reserving the rest for other trading pairs will help us to end our day or month in profits. If we trade for all our capital in one pair or multiple pairs then we may get forced to miss out some future trades.

[blockman]

It's true that nothing is 100% but make 20% many times.

For holders, there's 100% but for traders, 20% they make for the day trade that they did is so much more. That's already a lot and a good gain to be considered of.
Knowing that day trading is hard and cannot easily be done to get that gain means that you're a good trader. But to remember that not all of the time you'll get to earn 20% and with other little percentages that you may consider like 5% or 10%. To make a consistent 20% gain from most of the time, it only means that you're already a professional trader.

[Victorycoin]

The tips for trading are very effective it helps a lot to be a good trader the most important thing is to control the emotions and if the amount of loss is high then stop loss will be done so that there is no risk even if there is no profit. Professional traders usually make stop losses they have good knowledge about the market and can understand the difference between currencies they can easily master the trading strategies we have to move forward considering them as such.