Slow death
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January 08, 2023, 03:03:08 PM |
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I think we all need to ask these questions:
1 - how many people are making money consistently with day trading? and then we need to see if someone is really making money with day trading so how much capital they have, what is the profit per day, week and month and how much money they invested and how much money they have already lost and gained since they started day trading
2 - then we need to ask ourselves why most people who were day trading today are creating youtube channels and are writing books, are creating telegram channels on youtube and charging for subscriptions, because these people need to do this themselves they with a good capital like 40,000$ and doing day trade supposedly could make profits of 400$ per day as a minimum?
I came to the conclusion that nobody is profiting with day trade, if the person does a long-term hold for something like 2 or 5 years then he will profit a lot but with day trade the person will not profit anything, he will lose money and a lot of time and he will not make a profit, you will only have loss and disappointment
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Pandu Geddon
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January 08, 2023, 03:43:46 PM |
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Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
both of them taught me valuable lessons. but what can make us more careful in managing our assets is the experience of losses. from the losses we experience, we can learn something wrong from the trades we do. and try to improve with better planning and strategy. but what we have to know, not all trades will be like what we want. sometimes we will profit, and sometimes we have to accept losses.
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Nrcewker
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January 08, 2023, 04:16:31 PM |
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Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.
Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
This is absolutely true. But I would advise you that why to make loss when you can avoid it. I mean why to give a trial run and go for loss? Instead learn properly and then trade. I have always seen people at first rushes and invests on coins without proper research and time. Then they face losses and then they just share these motivational quotes that we learn from our mistakes. It’s basically in our hands only, the thing is that we need to observe and use it properly.
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Inwestour
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January 08, 2023, 05:18:48 PM |
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This is absolutely true. But I would advise you that why to make loss when you can avoid it. I mean why to give a trial run and go for loss? Instead learn properly and then trade. I have always seen people at first rushes and invests on coins without proper research and time. Then they face losses and then they just share these motivational quotes that we learn from our mistakes. It’s basically in our hands only, the thing is that we need to observe and use it properly.
Not always a good knowledge base without practice can be useful. You can read all books about trading, learn all the patterns, but in practice everything is not as perfect as in textbooks. However, you are right that you should first study the business in which you will need to invest money. But in many respects, all these theoretical materials, patterns in trading lead to the fact that we will not get an unambiguous answer where the market will go next, so this is a very complicated matter.
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mvdheuvel1983
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January 08, 2023, 05:39:52 PM |
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Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
The first lesson I learned as a beginner trader came from a loss. A loss from a Demo trading simulation. I concur that loss will teach you a lesson when you first begin trading but losing consistently means something must be wrong somewhere. Also, you learn a lesson or two when you win by reviewing and asking yourself why? What did I do differently or what should I keep doing?
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FanEagle
Legendary
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Leading Crypto Sports Betting & Casino Platform
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January 08, 2023, 06:40:32 PM |
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It always comes from a losing trading and that's because when reality the hardest. You are on the cloud 9 when you are making money by trading and you feel like you have cracked the market and there's nothing that can stop you. I have seen people who buy BTC randomly and when the price rises and they are able to cash some profits, they start considering themselves as Warren Buffet.
That said, someone with a serious mindset towards trading can easily learn from profitable trades as well because it takes a sharp brain to analyse what wrong they were doing and how it can be corrected or improved. When you start learning from profitable trades, you are 2 steps ahead of others.
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tjtonmoy
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January 08, 2023, 07:44:02 PM |
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Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
I think as far as I can remember, it was a win. I was making a good amount of losses where I was trading emotionally. When I was still a newbie, I would put a lot in future trading and select like 25-50x on the trade. I still think that why I used to do that. I was trying to make money quickly. Not to mention, my knowledge about trading was very bad. I used to follow signals. Then after losses I try doing trade without emotion and rely on my own skills. Then I made my first profit. That's how I come to realize that emotional trading is bad. Well now I think I have learned from both losses and profits.
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Oceat
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January 08, 2023, 07:58:23 PM |
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Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
I think as far as I can remember, it was a win. I was making a good amount of losses where I was trading emotionally. When I was still a newbie, I would put a lot in future trading and select like 25-50x on the trade. I still think that why I used to do that. I was trying to make money quickly. Not to mention, my knowledge about trading was very bad. I used to follow signals. Then after losses I try doing trade without emotion and rely on my own skills. Then I made my first profit. That's how I come to realize that emotional trading is bad. Well now I think I have learned from both losses and profits. There's no lesson in winning only celebration but if you are losing you can't celebrate hence, you find a better way to improve yourself thus, learning from your mistakes and those mistakes were your losses. We are all have been there when we're newbies in the market trying to make a profit from trading yet we didn't expect that the market move differently as we anticipated but it's always fun once you learn how to trade properly without being carried away with your emotions while using some strategy to make some profit.
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3996
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tjtonmoy
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January 08, 2023, 08:08:57 PM |
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Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
I think as far as I can remember, it was a win. I was making a good amount of losses where I was trading emotionally. When I was still a newbie, I would put a lot in future trading and select like 25-50x on the trade. I still think that why I used to do that. I was trying to make money quickly. Not to mention, my knowledge about trading was very bad. I used to follow signals. Then after losses I try doing trade without emotion and rely on my own skills. Then I made my first profit. That's how I come to realize that emotional trading is bad. Well now I think I have learned from both losses and profits. There's no lesson in winning only celebration but if you are losing you can't celebrate hence, you find a better way to improve yourself thus, learning from your mistakes and those mistakes were your losses. I have to disagree with you on this. You learn from both. It's like yin and yang. Dopamine release is a thing, and winning could help you do that. And if you can make it a habit, then you will learn more in order to feel that same excitement. So you rely on the skills that will help you to achieve that. So how can you not learn a lesson from here? It drives you towards good decision (only if you don't trade emotionally again).
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jostorres
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January 08, 2023, 08:28:12 PM |
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This is absolutely the right decision. In addition, in demo mode, it will also be difficult to learn a lot. I worked on the demo mode of the Amarkets broker, but I learned best when I already started working on a real account.
Agree. When trading on a demo account you don't feel the nervousness which you will encounter when real funds and profits are on the line. When you are trading on demo account it doesn't take much to let the trade ride for more potential profits but when you do the same trade in real account you will have your heart in mouth and decisions will be different. As far as learning goes there is no doubt that you learn more when you lose money and that's obvious because we humans try and find what went wrong rather than finding what went right when we are winning.
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palle11
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January 08, 2023, 08:52:12 PM |
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It takes time for me to make profits after I've survived losses.
I think it is your mindset that is playing fast one on you. If you have made losses, get up and move on with your trade, don't stay back and begin to look at the losses because the next trade can be the profit that will give you the confidence you require. You will always feel scared when you don't move pass your fears.
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Hamphser
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January 08, 2023, 08:58:10 PM |
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Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.
Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
Everything would come or because you do lose on which we know that it is really just the standard thing on where we do learn up from those mistakes.You cant learn on a winning or profitable situation on which you would really be that confident that you are already that good but we know that chances and situations cant really be that the same which means that on the time that you are already that making up some errors then this is the time you would really be realizing that it cant really be just that easy for you to deal up with trading. Mistakes and errors are stepping stones for you to learn up on different things that you might encounter on trading field.I could say that trading is a never ending kind of learning because lots of variations and situations which you cant really be able to learn them one by one.
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Oilacris
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January 08, 2023, 09:08:06 PM |
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It takes time for me to make profits after I've survived losses.
I think it is your mindset that is playing fast one on you. If you have made losses, get up and move on with your trade, don't stay back and begin to look at the losses because the next trade can be the profit that will give you the confidence you require. You will always feel scared when you don't move pass your fears. But you should really be that mindful when it comes to risk management, dont act out that you are really that on desperate kind of mindset on which you are really that trying out to get those losses back. Try to reassess the situation which is really a something very common act for someone to do so specially when we do make of some trades.Just like on what most people been saying on here that learnings do comes from mistakes where you would really be making yourself that fully aware about your actions because if you do commit mistakes then you would be learning and would be trying out to avoid those things in next time and this is a common scenario.
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samcrypto
Sr. Member
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Vave.com - Crypto Casino
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January 08, 2023, 09:46:09 PM |
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Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
It came from a loss since you will be forced to learn more and try other strategy in order for you to gain profit, usually beginners learns from their mistakes and this what makes them better. Losing at first is pretty normal and you should not be discourage if you experience this early instead you should continue to learn more and do better on your next trade, this will be more challenging for you to control that negative emotion and make it positive.
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Scripture
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January 08, 2023, 10:35:37 PM |
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Losing is a game changer, this will be your moment to reflect and know what to do next, either to get frustrated with your losses or just continue to learn. I remember experiencing my first loss its not that big but its really depressing since its your hard earned money, so yeah i learn more from my losses which I believe is also the trend.
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nurilham
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January 08, 2023, 11:35:09 PM |
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This is normal. Of course, someone usually becomes aware and learns from bitter experiences, in this case, from trading losses. This of course will be painful and for some people who are not strong because of the loss they will not learn but rather blame crypto trading. But on the other hand, for people who want to learn, losing becomes a precious lesson and experience, they finally want to evaluate themselves and their strategy for why they lost and lost in this trading. From this experience, if someone is able to take what he has learned, chances are he will become stronger, wiser, and more precise in carrying out trading activities, with more mature strategies and emotions. So that he will not repeat the same mistakes that result in losses. indeed, if we have taken the learning and updated the strategy and management, we don't always win right away, maybe there will still be some losses, but at least it won't be as bad as the first time we learned and lost
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Viscore
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January 08, 2023, 11:37:46 PM |
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Remember the first trading lesson you learned as a newbie? Did it come from a win or a loss? A loss teaches you about the reality of the market, protects you from becoming cocky, and humbles you. When you are a beginner trader, a small loss is not a terrible thing. Losses teach you proper trading risk management strategies and techniques and respect for the market and prepare you for long-term success.
Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
Personally, I have my fair share of losses during my first months in trading. I know trading is hard and quite complicated so as a beginner, I will never expect to make a successful trading. TBH, those losses I had experienced has been my great challenges in crypto that made me stronger and smarter today. Those losses had made me improve and enhance my trading skills and strategies, but I believe there will always be inevitable losses in trading regardless of our high expertise and knowledge in trading.
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blockman
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January 08, 2023, 11:42:33 PM |
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Remember the first lesson you learned as a beginner trader? Did it come from a loss or a win?
My first trade was a loss. It wasn't that much but it just opened my mind to how trading works, it was still confusing as to what happened and it's not really clear what just the f* happened to my money and it was gone quickly. And then it's the start where I understood how trading works. From that time, I've realized that trading isn't for the weak heart but it's for those people that have what it takes to take the risk or else, trading isn't for them.
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AmoreJaz
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Leading Crypto Sports Betting & Casino Platform
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January 08, 2023, 11:42:56 PM |
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Losing is a game changer, this will be your moment to reflect and know what to do next, either to get frustrated with your losses or just continue to learn. I remember experiencing my first loss its not that big but its really depressing since its your hard earned money, so yeah i learn more from my losses which I believe is also the trend.
my first disappointments for me is not about the trading, but investing in some ICO projects. remember the time when ICO days were still good. but some coins didn't even get a good price in the market. or better yet didn't make it in the trading platforms. anyway, when it comes to trading, each trader can still suffer loss even if he is long enough in this market.
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Vaskiy
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January 08, 2023, 11:43:03 PM |
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Loss lets us analyse and understand what all the mistakes we've done. With wins we just enjoy it, and we don't have much learning because our prediction have coincided with the reality. Loss lets an user go for improvement to mark his/her success.
With trading we need to win at some time interval, because continued loss will surely make the trader go emotionally down. Going down on trading could ruin his/her trading practice. At such situation atleast need to find a way of copy trade to book profit.
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