My newbie trading experience

[Wiwo]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

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[livingfree]

If you have made gain as your first start. You should have secured your profits already or your capital.

In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experience with the market.

It's a normal process that you're going through.

[YOSHIE]

It's quite impressive you made a profit in trading, what coins are you trading, if i may know and how much time do you need to cover your initial loss so that you get back and make a profit of $450.

From your story, I judged that you started trading crypto with a capital of $200 and the coin went down, you lost, after that you got up again and made $450, so do you still trade on the same coin when you lose or you move to another coin, from the rest of your capital, so you make a profit.

[n0ne]

I believe you started your trading journey from the tokens received as rewards for bounty participation. It is quite interesting that you made $250 profit from the first trading. This could've given the understanding about the basics of trading.

Further what needs to be done is choosing of the right cryptocurrency to make profit. Also you should not think of making similar profit as the first trade. This could lead to long term waiting, so good is to make minimal earning out of the regular price fluctuation.

[noorman0]

-snip-
Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

What high profits do you mean (in percentage)?
It is very difficult to achieve multiple profits in the spot market with top coins and using common trading strategies. The only chance is if you accidentally buy a hype coin.
Or you can try margin trading with increasing leverage as you adapt your skills to this type of trading and the risk involved.

[Wexnident]

I don't think there's a trading knowledge that could take you to the next level? All trades are, in a sense, of the same level really. It's just a matter of how much you can actually expect the market to move towards which side. Maybe the next level you're talking about is that? That's just honestly collecting info about the market, analyzing them, and then creating an assumption based on that. An assumption, nothing more, nothing else. Honestly just keep doing what you're doing, losing money is always expected in trading, nothing unexpected.

[Lucius]

Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

Cryptocurrency trading is extremely risky because they are volatile and no one can give you or sell you instant knowledge of how to be successful. The most important thing is to gain experience, and you can only do that with time, which means that you will, unfortunately, have to lose many times to learn something.

What you need to know is that trading is not for everyone, and that most end up losing their money or giving up for a small profit. It can also be very stressful and affect human health if it goes to some extreme. If it were so easy to make big profits on cryptocurrency trading, then everyone would be successful - and the fact that only a small percentage really gets rich means that a lot of ordinary traders like you have to lose their money.

Your loss is someone's gain, and the question is whether you can be on the winner's side in any way.

[gabbie2010]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

Try and pick a trading strategy out of the numerous ones available on youtube or forexfactory work on it and practice with it first, embark on demo trading by a means of virtual money, moreso you will need to learn technical analysis using candlestick patterns, learning this aspect of trading will aid your trading journey, thereafter after earning profits consistently using demo or stimulation, though losses are inevitable but few losses with many winning trades will guarantee profits, thereafter you can continue with your live account.

[Sihab76]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

The first time you get your first trade it was a matter of receiving a lot for you. But later on you suffered a loss due to lack of sufficient knowledge for you. However, now that you have enough knowledge about trading, you will benefit from trading.

[sarmrakib]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

I think you have made enough gain within the short time as a newbie here on trading .I think you were so lucky that you didn't face any unpredictable thing on the market at the time you mentioned .These period was totally on bullish part of the crypto .However we all know that trading is a tough way to earn ,its good that you have earned much from your capital and you need to more careful for the next move .I think you should learn on different project like you did for a particular project that you trade for .You have to learn everything depend on fundamental and technical as well .That's how we can go ahead more on trading .Hope you can earn always like that you did .

[palle11]

I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

You don't need any basic knowledge anymore more except you want something more sophisticated and you still don't need that. What you are looking for is simply a trading strategy and not to enter every open position available to you. So you are the one to teach yourself that, build or develop a strategy by yourself.

What I will ask is, you made the profit? So what did you do to make it , follow it.

Again, you lost and what did you do to lose? Stop it.

You regained your losses, nice job and follow that. That is a about trading. Keep following what works for you and not what doesn't work for you  Good luck to you.

[awik p]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

for me, don't be in a hurry to get high profits, shouldn't every business be done gradually. like crypto trading, of course we have to learn a lot and seek trading experience, so we can be calm when trading. did you feel comfortable from your trip, when you lost and recovered? Of course, learning must continue, so that we can enjoy trading even if it is profit or loss

[AicecreaME]

That's a great start, making profits means your approach on trading is effective, however, I think what you need to study next is the risk management, you know, to avoid losses. Trading without any risk management knowledge will lead you to losses that you can't even afford, losses that will make you a very compulsive trader. Controlling your emotions is very important as well, so you can avoid entering blind trades without even doing a solid technical analysis.

[DarkDays]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

What you've done and are now experiencing is normal. It takes a few losses to learn how to learn how to make profit and that profit only comes with hard work, dedication and market tracking.

I'm glad that you're at a stage where you're seeking wisdom from the community but there is not much we can say other than track, track and track the markets, then invest with knowledge and confidence.

If you haven't got the confidence then don't go all in...

Trading is about the journey, and making sure that over time you pick up that knowledge which nobody  can give to you, you must acquire it for yourself

[AakZaki]

If you have made gain as your first start. You should have secured your profits already or your capital.

In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experience with the market.

It's a normal process that you're going through.

Yes sometimes in trading there is luck. But luck will not come continuously, therefore you must be wise to use your funds. At least you don't use all your funds to buy a coin. Leave your funds for backup if your analyst direction is wrong. Losses are certainly experienced by traders, but we will learn with analsis experience. Although analysts don't guarantee you no loss, it just minimizes.

[Wiwo]

If you have made gain as your first start. You should have secured your profits already or your capital.

In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experienced with the market.

It's a normal process that you're going through.

When I made the first profits I saved some and added the remaining capital, I have been trying since then to make good profits in the future that is why am looking for alternative ideas outside my experience.

[Smartvirus]

Your never a successful trader until your sustainable at making profits. Its just the way it is in this line of work, the loses would always come, but your net profit defines how well your doing. Kudos to iou to have made a few bucks in your early approach with the market without mentorship or any form of learning. Its a plus for uou but, its not very advisable to jump into real trading without any proper knowledge of the market.

For this reason, the demo trading platform was created to give users a direct exposure and appreciation of the market. You trade and face the same exact market as those trading with a real account except, the funds are just allocated and aren't real. You should try that and build some strategies about your trading.

[Dragonfund]

Sometime early January 2021 I started my trading journey without anyone putting me through, I study the market movement of a particular token and analyze its weekly price volatility.
I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

You trade just a single token and you feel you have arrived, you have learnt all the basic but unfortunately, trading doesn't work that way.
Trading require patience but you shouldn't relax sometimes when you are on profits, you have manage to gain some profits on Altcoins, you should have take profit and wait for another entry. You had those gains probably when there some fundamental and bullish news and luckily entered on time.
Trading is tedious, try other coins that are heavily trade by other traders and magnificent liquidit, a $200 is enough to give you a decent profit on a to 100 Altcoins and also don't endeavor to do more research like watching YouTube videos.

Tips: Avoid trading signals.

[FatFork]

I started trading with $200 and within a month I made $450 including my capital. Since then I suffered a loss and have recovered but need trading knowledge that will take me to the next level with high profits.

Most beginner crypto traders simply need to work hard to learn the basics of the trading game. Trading is not only exciting, but also can be a profitable investment strategy as long as people are able to take the necessary time to understand the rules and strategies.

Of course, one of the biggest factors that will affect the ultimate success of any trader is the time they are willing to invest and dedicate to their game. In order to reach a level of success, one must understand the market, keep track of the trends, make the right assumptions, use the right tools and ignore false beliefs.

[livingfree]

If you have made gain as your first start. You should have secured your profits already or your capital.

In that case, whether you lose with your remaining balance, you still managed to take out what's yours and you're still not in losses. What you need more is experienced with the market.

It's a normal process that you're going through.

When I made the first profits I saved some and added the remaining capital, I have been trying since then to make good profits in the future that is why am looking for alternative ideas outside my experience.

Good that you've done that.

You're looking for other strategies that would work for you and that's easy for the others if they've experienced already. I hope that you find your best strategy so that you can be as productive as the others.

And be productive like them.