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Author Topic: Trading as a newbie?  (Read 2979 times)
Justin999
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August 06, 2023, 08:50:30 PM
 #321

I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.

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August 07, 2023, 02:28:19 AM
 #322

I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.
if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easy

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August 07, 2023, 03:47:32 PM
 #323

I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.
if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easy

Learning to adopt with the market situation is something that you will learn along the way,

And I understand that newbie always have that temptation to trade in a daily manner, meaning to say that in each market movement
they wanted to execute their position, something that is really dangerous, as volatility will lead them to lose. There's always a good time
to adjust and learn, just earn it from each trades that you execute, win or lose. You should learn to enhance your knowledge.
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August 07, 2023, 10:02:52 PM
 #324

I don’t think trading is fair thing for newbies. When i was Newbie and i started trading I always loss my dollar. Always. So rarely i could make profit but in average I was in loss. After then, i stop myself from trading until i can qualify myself for that. The thing you are doing, its absolutely wrong. During bull market, everything will be pump. So buying a altcoin, sold with profit and jumping on another, that's okey but bear doesn’t allow you that. It'll dump every coins and finished all fund slowly, You'll loss with each coin. So Learn.
if we take advantage of the bear season to buy then use the bullish season to sell, actually for beginners it can be done well, as long as we are patient to wait for it. but beginners want to do daily trading, of course this is very risky, therefore learning and looking for experience to become a pro. however focusing on long-term trading may be more effective for making money. Therefore, what must be kept away from our minds at the beginning is thinking that trading is easy

Learning to adopt with the market situation is something that you will learn along the way,

And I understand that newbie always have that temptation to trade in a daily manner, meaning to say that in each market movement
they wanted to execute their position, something that is really dangerous, as volatility will lead them to lose. There's always a good time
to adjust and learn, just earn it from each trades that you execute, win or lose. You should learn to enhance your knowledge.
Yes, you cant really be able to read it up with some ebooks or information that could be found on the internet since these things could really be acquired through real experience on which there are indeed things which

could really be solely learn on the time that you would really be making out such engagement on the current market or have to deal and make trades with it. Yes, its not really that bad on reading up with those theories yet this one would really be giving out that kind of familiarity on which it would really be just that so normal that we would really be having this kind of approach since its just always the basics.
Only fools would really be making out those immediate step knowing that they cant really just able to dive in without sufficient knowledge into it.

Trading is free for anyone, it is really just not that so simple for someone to be able to deal with specially on this market which is really that truly unpredictable and something that cant
really be able to sustain so easily. It would really be acquiring that knowledge and skills that you do gain up overtime.

Fuso.hp
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August 08, 2023, 03:34:22 AM
 #325

The market will not move the way you planned. Right now the market is dumping 10% and you take the trade seeing that 10% dumping but after you take the trade the market goes down further and it is normal to see the volatility of the market and it is difficult to predict which direction the market will go. Instead of trading with the idea that the market will pump again after some dumping, you should understand the market and accept trading. First you need to know enough about trading, you need to have enough idea about every aspect of trading, then you need to use that idea and take trading at the right time by observing the market. If this is how you can trade then this plan or method will be more useful than what you have planned.

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August 08, 2023, 06:05:09 AM
 #326

Quote from: JamesDaniel90
Anyone done something similar or will it just lead me to losing my money?

Yes, It will lead you to hate the strategy you are using at the moment and it will make you not to have interest in that particular coins in the market. Many Short traders has lost a huge amount of money from such strategy, because they believe if they buy when the price decrease to 10%, and hold until the price increase higher to 15% or 20% before they can sell to earn a little profits from the market. I will advice you to try and invest in Bitcoin and apply long holding , I believe it will help you to improve higher in profits making in your trading because Bitcoin is among the potential coin that can give you a huge amount of profits in future if you can endure with the market season.

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August 09, 2023, 02:11:07 PM
 #327

First, you need to gain knowledge about coins. Every coin you trade in should be researched and analyzed. No trading will guarantee you success. Never trade more money if you are not ready to lose your money. That is, invest as much money as you are prepared to lose. If you trade without skill, you will only lose your money. Before trading you must consult with an experienced trader. And when you trade you must do your trading market research.
If someone is new to trading, he must start with an understanding of the trade. Before investing in any coin, he must think about how much money he can keep calm in case of loss.It is not right to invest with the idea that you will get money after investing. If you invest, you have to accept the profit and loss and invest. But for beginners, investing is a little difficult. There is a high risk of losing all the money due to some wrong decisions.

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