Trading as a newbie?

[Negotiation]

I guess to should be ready to do the work involved with such coins as well as be ready to face the huge risk associated with such businesses as well as the project you're about embarking on is know as pump and dump project and there are already more smart people in that field so you ought to be smarter and faster and don't let so much greed catch up with you in this field.
I barely advice people to get into shitcoins  except they know what they're doing and it seems you're very much knew in the crypto industry so I will advice that you buy a more stable coins like Bitcoin and just hold for a longer time rather than wanting to toy with your emotions.

I also agree with you, that newbies in trading should take care of many things temporarily before investing, so that they are aware of their losses and can survive the losses.Although in my opinion newbies should never invest in trading in the first stage, because newbies often make wrong decisions, newbies often conduct trades based on emotions which lead to losses later on.My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.

it is common for novice traders to prioritize feelings when trading. until in the end they feel frustrated. for those who persist, they can improve from previous mistakes, so that gradually their trading style will be established by itself. it is not as easy as imagined, but many traders are successful, so they can live from trading. therefore it's never too late to start and you should still be able to enjoy the process

You are right but my experience is a bit different that I have seen many newbies to trade they manage the trade without understanding anything while trading. I know of many new traders who have lost all their fortunes trying to manage their trades, many have even sold their homes. My opinion is that learning trade can be started with a very small amount of money in the beginning, and when you feel that you have enough experience with the trade, more money can be started.

[1715172364]

1715172364

[Pamadar]

I guess to should be ready to do the work involved with such coins as well as be ready to face the huge risk associated with such businesses as well as the project you're about embarking on is know as pump and dump project and there are already more smart people in that field so you ought to be smarter and faster and don't let so much greed catch up with you in this field.
I barely advice people to get into shitcoins  except they know what they're doing and it seems you're very much knew in the crypto industry so I will advice that you buy a more stable coins like Bitcoin and just hold for a longer time rather than wanting to toy with your emotions.

I also agree with you, that newbies in trading should take care of many things temporarily before investing, so that they are aware of their losses and can survive the losses.Although in my opinion newbies should never invest in trading in the first stage, because newbies often make wrong decisions, newbies often conduct trades based on emotions which lead to losses later on.My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.

it is common for novice traders to prioritize feelings when trading. until in the end they feel frustrated. for those who persist, they can improve from previous mistakes, so that gradually their trading style will be established by itself. it is not as easy as imagined, but many traders are successful, so they can live from trading. therefore it's never too late to start and you should still be able to enjoy the process

You are right but my experience is a bit different that I have seen many newbies to trade they manage the trade without understanding anything while trading. I know of many new traders who have lost all their fortunes trying to manage their trades, many have even sold their homes. My opinion is that learning trade can be started with a very small amount of money in the beginning, and when you feel that you have enough experience with the trade, more money can be started.

If you are careful and you mind over your finances, I will say that this is the best thing to do, start small and familiarize yourself inside the business, if you feel that you are ready to add more money then that's the right time.

Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.

[jokers10]

...
My advice is that beginners should give more importance to study, than trading first so that they get a good idea about the whole trade and work on it.

First thing about trading newbie should know IMO is that is not a way to earn for him, but it is a way for paying for knowledge and experience. If to understand that it becomes much more easier to start with learning books and test modes. Because when you think that you'll just get less it doesn't motivate as hard as if you realize that you'll lose less and sometimes much less. Being cautuios when you are not sure and be wise when risking is impossible if you have no experience and know nearly nothing about trading.

[Obari]

Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.

Yeah one thing that has been misleading newbie traders is the believe that they can suddenly make all the money they desire in just one day especially with a relatively small  capital and later Begin comparing their steps with that of old time traders.

As a newbie, you should focus more on learning and acquiring more knowledge rather than wanting to make all the profits at once.
Nothing good comes easy and same is also applicable to trading and for you to be a successful trader, you have to be knowledgeable and have a very good risk management skills.

[deathcode]

Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.

Yeah one thing that has been misleading newbie traders is the believe that they can suddenly make all the money they desire in just one day especially with a relatively small  capital and later Begin comparing their steps with that of old time traders.

As a newbie, you should focus more on learning and acquiring more knowledge rather than wanting to make all the profits at once.
Nothing good comes easy and same is also applicable to trading and for you to be a successful trader, you have to be knowledgeable and have a very good risk management skills.

You are right, get a lot of profit in just one day for newbie traders it is impossible whether it's with small capital or large capital. But unfortunately sometimes beginners take this for granted and they already feel capable without learning more about trading.
Without planning, haphazard in selecting assets to trade and sometimes they just follow references from the internet without knowing whether the references used are credible or not.
There are still many beginners who don't fully understand strategy and the market but they are reckless and reckless in trading, they are forced to trade with minimal knowledge because they can't wait to get immediate results from trading like everyone else.
Beginner traders tend to be unfamiliar and unable to control their emotions when trading, so most of the time when they receive a loss they try to catch up with the loss by continuing without developing or changing their strategy and even worse without setting a stop loss.
Most newbie traders who are too hasty to jump into the world of trading will end up losing and won't last long.

[cute nmp]

 It is a good idea to learn trading altcoins,many have made good profits buying the dip and selling the highs.One think it that you should not invest what you cannot afford to lose,you should start with little funds to see how things plays out.

[stomachgrowls]

It is a good idea to learn trading altcoins,many have made good profits buying the dip and selling the highs.One think it that you should not invest what you cannot afford to lose,you should start with little funds to see how things plays out.

Always start out with small amounts specially when you are just still starting up and never ever consider yourself to make out on going all in type of positioning here on the market since we do know that it cant really

be just that so simple on making profits on this kind of career where it does involved a market which is really that too unpredictable.There's no way that you could really be able to learnt up things on easy way.

As a newbie then its normal to have lots of errors and mistakes which these are stepping or learning curves which you would need to understand and would really be that
need to learn so that you would really be making yourself more better as you do go further.

[LUCKMCFLY]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

everyone is thinking how to earn in trading and every strategy sound simple but its not, if we can earn with that simple strategy then we are lucky, buying and selling is good strategy but the problem is we don't know when the particular coin is going to up or continue to down after we buy it, just always remember that no one will loss if you don't sell at loss.

The important thing here is that a novice does not start inventing and Gambling in trade, because it can go very badly for him, some think that they are lucky and that they know what the market can do and despite the fact that some Traders have good luck when operating, that luck will make you earn money, it is obvious, but at some Point luck will run out and that is when Failures will begin and that is what must be avoided at all costs, for me the main thing here is always keep in mind that it is best to operate knowingly, studying every day so as not to lose money.

[DevilSlayer]

It is a good idea to learn trading altcoins,many have made good profits buying the dip and selling the highs.One think it that you should not invest what you cannot afford to lose,you should start with little funds to see how things plays out.

Always start out with small amounts specially when you are just still starting up and never ever consider yourself to make out on going all in type of positioning here on the market since we do know that it cant really

be just that so simple on making profits on this kind of career where it does involved a market which is really that too unpredictable.There's no way that you could really be able to learnt up things on easy way.

As a newbie then its normal to have lots of errors and mistakes which these are stepping or learning curves which you would need to understand and would really be that
need to learn so that you would really be making yourself more better as you do go further.

Overnight success is a myth in trading so better to start investing small amount of money in the beginning of your trading journey because there are a lot of situation and scenario that you must experience first before you can finally understand how trading works. Actually I burnout my 5 capitals, so it means that it took me 5 trading accounts before I finally created a system that can help me to become a profitable trader. People think that they are already successful when they put money on trading without knowing that the possibilitiy of making money in trading is very low especially if you are beginner on it.

Your win rate will only become high once you acquired advanced knowledge, experience and also data that you can use for your future trading execution. There is no wrong starting to trade with huge amount of money, but like what I said the possibility of account burning is very high so you be a conservative trader who thinks how to stay long game in trading. 

[Jocuserious]

Yes like to me, i am baby in trading.
I have no calculation right now for how much money i lost in trade. But i know very small assets i can make everyday now. So when you are a new person in trade then you can't make us good money but after you can make money when you are a professional trader. Buying dip then selling high o man i feel like good when my hand take $1k.

[Dalib]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

One strategy that many traders use is buying low and selling high, also known as "buying the dip." This involves buying an asset when its price is low and then selling it when the price increases, allowing you to make a profit. However, it is important to do your research and understand the market before making any trades.

It is important to keep track of your trades and calculate your profits and losses in order to make informed decisions and improve your trading strategy. While it may be difficult to make significant profits as a new trader, with experience and knowledge, it is possible to become a successful trader and make consistent profits.

[MiF]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

I am onced a newbie i also know how it feel, I've experienced a lot of losses and there was a time that i feel trading is not for me a huge loss and a feeling that i never get back my losses and its driving me insane, but if you never surrender you will become more wise and great trader, so don't be afraid because you are not the one who loss expert in trading also loss we all loss the important is we stand still after lossing.

[martyns]

It is important to understand that a beginner is actually equal to losses. You should be prepared for this. When I started working, I devoted a lot of time to working on the demo account of the Amarkets broker in order to gain the necessary experience.

A beginner who is just learning how to trade has so many disadvantages, and these disadvantages are based on the fact that they know nothing about crypto market. The crypto market is a very complicating one,and any beginner who wants to excell in crypto must study the market,and understand the way the market operates.We know that it is always full of ups and downs,that's why it is required of newbies to make research,know the seasons in which a particular product will do well,and know the amount of money to invest in it at that particular time.Any beginner who is in haste to trade is liable to lose his money,because in trading,it is very risky to rush.

[Litzki1990]

First of all you are a new member in trading. You just plan to start trading. And you have also said here that you have no idea about trading since you have no idea about trading so first of all you need to develop adequate understanding about trading first. The information you choose to trade based on will never be right for you.  If the market is dumping 10% at one time, it will pump 10% later. 
Many times it can be seen that different coins are increasing in phases and those coins are decreasing in phases so it can never be the right signal for you. First you need to be good at trading. There are different charts of trading you need to understand those charts when you understand these things then trading will be good for you.

[Pamadar]

Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.

Yeah one thing that has been misleading newbie traders is the believe that they can suddenly make all the money they desire in just one day especially with a relatively small  capital and later Begin comparing their steps with that of old time traders.

As a newbie, you should focus more on learning and acquiring more knowledge rather than wanting to make all the profits at once.
Nothing good comes easy and same is also applicable to trading and for you to be a successful trader, you have to be knowledgeable and have a very good risk management skills.

Knowledge is your advantage, and that's the problem most of the time with newcomers,

they believe that way, thinking this venue of investment will bring them a huge chunk of profits instantly.
If you know well how the business works, then it will be your edge following how you will take advantage of the market flows.

The more you understand the market, the better you can anticipate where the market will go, the chance of making
decently is not by far, just don't take things in a shortcut but try to adopt and absorb more knowledge.

[Panxora_COO]

[JahriMeayer]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

[Awaklara]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

a beginner in trading is bound to make mistakes. but it all depends on how they learn from their mistakes. if they study well, beginners can quickly adapt to the market and trade well.
learning from one's own mistakes is a great experience. it can make us as beginner traders be more careful in making trading plans. there are no professional traders if they also don't start with mistakes.

[Good_Doctor]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

Actually I'll first of all advice you closely monitor the pattern of the market for the coin in which you have eyes for in investing, watch the trend closely and this takes months to years if you're really keen on making it big

Then, you should check if it's a coin that bullish or bearish together with Bitcoin then you also monitor the trend of Bitcoin this will even help you monitor the coin closely too. For example Bitcoin and Litecoin they're almost having the same trend....as Bitcoin falls Litecoin also falls

Currently Bitcoin is around 28thousand dollars and Litecoin is around 88dollars . If you want to gain from Litecoin you should get ready to buy now because any further bearish on Bitcoin will lift Litecoin to around 101 dollars

Same thing goes for shitcoins and air coins. Just monitor closely with either Ethereum or Bitcoin how they increase or decrease together with them and bag as much as you can during the dip to sell when it pumps

DYOR on safest coins to bag I'd advice go and get CORE from anyone who mined if you didn't mine!

[Alisha-k]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

set up a strategy and work with it, it may turn out to favour you but please, start with a little amount of money, an amount you can easily give up and not feel the pressure.