My newbie trading experience

[Johnyz]

I remember my first win and my first loss, with a lot of excitement I made a mistake on not analyzing the market and it resulted me a big loss but that’s fine, because that situation motivate me to keep trying and to learn more about trading. As per many, you can’t be good in trading if you didn’t lose money. Keep trying, always have a back-up plan because there’s no certainty in trading but you have to keep grinding.

[1714602253]

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[breathlessz]

I remember my first win and my first loss, with a lot of excitement I made a mistake on not analyzing the market and it resulted me a big loss but that’s fine, because that situation motivate me to keep trying and to learn more about trading. As per many, you can’t be good in trading if you didn’t lose money. Keep trying, always have a back-up plan because there’s no certainty in trading but you have to keep grinding.

At first I was confused, because when we buy the market actually goes down and vice versa. but we use this as motivation to be better in the future and look for mistakes that should not be made. so don't be bored to learn and don't give up, because the average trader experiences the same thing at first

[Kelvinid]

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.

Indeed, learning is a continuous process. While you are in actual trading, perhaps, more experience gives you a lot in return. And despite those days that we are at lose, we don't think about quitting and discouragement but we tend to learn that this gonna happen. What I thought is that trading is a very challenging job that only a few people could manage to do it while many just give up and show their weaknesses. I have that experience before, that only $100 for me and sadly, I'd lost them all.

We may not good at first, that is certainly what to see but as we think that everyday is a learning journey, it all be changes from time to time.

[Strongkored]

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.

This result is quite good because as a novice trader you can make your capital increase 100% in one month, it could be because of a bullish market condition, a bullish condition makes markets moves up and down very quickly and the market very active.
It will very likely have different results when the market enters in bearish condition. You just need to improve your trading knowledge to survive in crypto trading.

[ultrloa]

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.

This result is quite good because as a novice trader you can make your capital increase 100% in one month, it could be because of a bullish market condition, a bullish condition makes markets moves up and down very quickly and the market very active.
It will very likely have different results when the market enters in bearish condition. You just need to improve your trading knowledge to survive in crypto trading.

We cannot test how good we are in trading as a newbie if we didn't trade on bear market condition and that earnings is maybe due to the bullish market condition knowing almost all in the market goes up at the moment. but anyways its good start since for sure this one is a good learning experience so its good to enhance it more especially by now we are now almost going on bear market season which is kinda scary moment for newbies.

[lixer]

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 second what one of the comments has pointed out, that you should have taken your profit that you made  first, and then start trading with the remaining money so that you will know that even if you happen to be in loss, it wouldn’t really be a complete loss, because you have already taken the profit you meant to take and you are not trading with the money that belongs to the market.

Take for example, you said you invested $200 at first, and then you were able to make $450, which means that your profit so far is $250 (although you said that you experienced a bit of loss, but you have been able to recover from that). So, let’s say that you should have taken out $200 from that money, and then the remaining $250 can be put back for trading in the market. And as you continue to make more profit you can be taking it bit by bit.

[Ararbermas]

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.

well it means you need a journal so that you can get easily what mistakes you're doing in trading by reviewing it. Because for sure you've change your strategies as well which common problem of some new traders nowadays reason after all they suddenly experienced losses after winning..
If you want to ask why i said you need journal.. Well as far a know most successful traders has journal, because for them its very important to have such thing to readjust the situation especially when it comes strategies that can bring back their win rate, and infact that's what my favourite traders suggestion as well wherein they're very successful because of the help of journal..

[carrigan]

Great experience, this can be used as a lesson for you so that your current trade can run better than before. I am amazed by your patience and mental strength to face the problems at hand. Because many traders eventually fail and go bankrupt because they don't want to try to get up again for fear of failing a second time. Indeed, when you want to pick sweet things you have to thrive first and then take care and give it fertilizer so that the results are most likely as expected.

[michellee]

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.

This result is quite good because as a novice trader you can make your capital increase 100% in one month, it could be because of a bullish market condition, a bullish condition makes markets moves up and down very quickly and the market very active.
It will very likely have different results when the market enters in bearish condition. You just need to improve your trading knowledge to survive in crypto trading.

Besides bullish market conditions, he can select the right coins to make a big profit. It is normal if sometimes we lose even more than 50% of our capital plus our profit, but we do not give up because many novice traders are disappointed and decide to take a break from trading. I suggest you search for the other lesson that can help you improve your skills better than before because learning the trading lesson will not end, even if you have already become a pro trader.

[irsykes]

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.

If you already reach profit, then seek what cause your loss. With that you can minimize or maybe in next order you can already fix it or at least minimize it. Because minimize lose not only about technical analysis but also how it will be affect on our emotion.

[RILWAN]

Cryptocurrency trading requires a lot of effort and patience and one will have to get used to the dynamics of the market and how it affects our capital. Going into loss is a normal thing in trading but you should always fix the issue that leads to the loss and growth in your analysis.

[Zackgeno96]

Cryptocurrency trading requires a lot of effort and patience and one will have to get used to the dynamics of the market and how it affects our capital. Going into loss is a normal thing in trading but you should always fix the issue that leads to the loss and growth in your analysis.

Agreed. Trading is a challenging road to pursue, but one must not give up after failing, or even if it will happen again. It is true that encountering loss is a common denominator when it comes to trading but standing firm on your ground and doing things to make you a better trader is what will make you regain those losses and make you say that all of challenges are worth experiencing after all.

[zaesvlas]

It is very important to analyze the mistakes you have made. For a beginner, this is really a very important aspect to be successful.

[Alisha FR]

If you already have trading knowledge, you just need to develop a trading strategy. I applaud your first trade, because you can already profit from your trade. In my opinion, you only need to update the market situation, and also have to be able to analyze so that your decision is right.

[Patigi]

It is not bad but I learn from my mistakes, it was not that easy for me as a newbie in trading. My first time to trade, I traded a coin that have starting pumping much thinking it will continue pumping like that, after buying the coin did not pump more to remain at same prince after it starting dumping by little percentage then I started fearing not to lose. Then I sold it out,so lost 5 percent of my capital before I know again the coin price started pumping, it now increases in price for 20 percent with.

[jostorres]

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.

If you have invested your $200 into bitcoins then by the times of April 2021 itself, you might have gained at least 3x or if you have held till now then you might have got chances to make 2x. So, I like to suggest you to go for long term based trading rather than going with any kind of active trading.

Active trading may get you profits some times but later on you may lose all your profits and your capital also. But, in long term trading with bitcoin will get you definite profits and if you are ready to hold for next 4 years then you may get 10x profits also. So, start studying about the power of bitcoin holding and then you may decide about trading or holding.

[Anguwa]

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.

Crypto trading is not an easy job or easy way to make money, one need to understand the basics and also learn some tips about crypto market. I also buy a token called scientia, upon all my observations, the coin has been burning or what should I even say, I was confused because I have more than 200 pics of the coin but now I have less than 0.5 pics. The price is increasing but I am still on lost. Finally I noticed that I really need deep knowledge before I can buy or trade crypto.

[teosanru]

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.

This might sound rude to you but you were just lucky to make some quick profits during the bull run and now when the bull run is over you are just struggling to make similar sort of returns. I think you need to learn new strategies which could suit this type of market because there is no one strategy which fits in all situations. Change your strategy back test in similar markets.

[el kaka22]

It is understandable to not know how to trade and what to do when you are a newbie. I didn't know what to do when I first started as well. However eventually I started to learn more and more about how things work and now I am doing much better.

All in all it is not really a bad situation to be in, you are new and you are long way from making so risky moves that you may lose thousands of dollars. Imagine all those "great" traders, yes they are rich and that is awesome but when you are not rich, you only aim to be rich, if you are rich enough to retire and never work again that is great too, but when you are just rich enough to keep working in trading, then every day could be your last day and you could lose tens of thousands of dollars and be in horrible stage. So all in all, I would rather be a newbie, well I rather be wealthy and not need to trade, but compared to people who risk thousands a day, I rather be newbie who has so much road ahead.

[Lanatsa]

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.

Just don't rush up yourself because trading is always something like this on where you do profit on that day and would lose on the other ones because you cant really predict on what would happen next and this market moves out unexpectedly.

You shouldn't really enclosed your mind about the probabilities because you would easily get discourage on this case.

Experience is a must and that means you would really be needing to experience for yourself.