Share Tips For Newbie Traders

[blockman]

If for an individual trader, being alone sometimes is encouraging and boring. So you choose your battles when you're trading alone, maybe that's why some other folks are looking for a way to trade with a group but I don't think that's really a good idea.
Many people there might just take advantage of you if you're still new and will just give a blow of those coins that they'll suggest you to buy and then will just leave you hanging then.

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[tjtonmoy]

It may be boring at the first, but as time passes by it become more fun. The joy of your first profit. Even if it's little, you can feel the blood pump through your brain. But don't get caught up on that. With profits, you will make losses too. So don't get emotional over the fact that you are not making profits. Your investment should be what you are willing to lose. But making sure you are not making losses frequently is the best I can say. If you can control one, then the other will grow with it. Trying to make less mistakes can lead you to gain more success, is what I can say.  

[Ndabagi01]

It can be devastating at times because you don't know what to do next; this frequently occurs while practicing a trade in which you believe you are already a master. To be honest, you'll feel like giving up hope several times when things don't go as planned. It's not fun to see yourself lose money you've already invested in trading. But what keeps you going is the determination of your prepared mindset to face any outcome that comes from trading.

[bhooscream]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

Because many people love this activity with their own privacy. Trading needs more focus to analyze the indicators, market, and other things. This needs certain capabilities and if their focus is lost because of other people, I am sure that this will not be good. Moreover, many people don't want they are revealed as a trader because of some reasons. Many of them feel that it is better to hide their trading activities, not only because of the environment but also the rules and regulations in the country. I think that it is no matter how we are doing trading activities it may be boring, but it is better because we can gain extra focus and concentration.

[sheenshane]

It can be devastating at times because you don't know what to do next; this frequently occurs while practicing a trade in which you believe you are already a master. To be honest, you'll feel like giving up hope several times when things don't go as planned. It's not fun to see yourself lose money you've already invested in trading. But what keeps you going is the determination of your prepared mindset to face any outcome that comes from trading.

Because trading won't work for anyone, it needs time and dedication to gain knowledge and trading isn't instant making money, there are too many things that you need to learn first it's either technical or fundamental analysis.  It feels devasting at the first time because that's not for profit yet, it's for gaining experience, the more experience you've gained the bigger chances that you'll easily make a profit.  In short, trading didn't talk all about profit.

But IMO, it feels safe for me as an investor than a trader since I don't have enough time for trading, as a newbie if you want to enter trading, give it a full time because that's what trading needs.

[GreatArkansas]

(....)

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

I can know if I am learning new things when I trade, either you lose or you win in every trade you have, you are still learning. That's how I can say that I'm not wasting.
Other than that of course, you are making profits, and you are a profitable trader, it takes time but you must trust the process especially if you are a newbie. You need to stick with your plan and always learn and master your strategy.

[lienfaye]

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

I'm motivating myself by keeping in mind the reason why I trade and that is to profit which I already experienced as a trader. Remember that you're not doing it for nothing because it has a purpose and not a waste of time. If you're determine to earn and can wait until there's a result for your effort then don't be discourage.

Every traders are once a newbie, they also experience to lose their money since it's inevitable sometimes, but they never stop and take it as a lesson. Anyway, if you're bored and thinking it's not worth it then maybe trading is not for you.

[bitzizzix]

Trading is not an easy thing and it takes a lot of time to do it and also understand or know and also learn more about the market to make money, because the market is not easy to predict unless it is in a bullish condition.
and beginners can implement the most basic one that can really help them at the start of their journey and that is the buy low, sell high strategy. Many beginners take advantage of this strategy for profit. During a downtrend, many traders buy and then sell when the market rises again, this saves capital and gives them time to understand different market conditions.
and there are many other strategies, but this one is the safest for beginners, and trading for income for beginners in my opinion is very difficult unless they do it with small capital and while understanding and learning it until it really becomes great.

[xSkylarx]

This didn't come into my mind when I started learning trading because it is a skill and you can earn money from it, which means that no matter how difficult it is, your goal is to earn money, and that won't be a waste of time if that is the path to earning money. Those who think about it are those who quit and give up trading, but for us, trading is another source of income as well as knowledge, which is a win-win situation. Also I dont really see people why they are thinking about this as for sure they know the purpose of trading

[wxa7115]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

If a newbie is feeling like that it is likely they are day traders and they are watching the charts for hours, and this kind of trading can feel like a waste of time as you have to be in front of your computer for hours without doing much.

In that case my recommendation for them would be to trade longer time frames as a way to diminish the amount of time they spend in front of their computers and they have more time for leisure activities so they can avoid feeling this way.

[Yamifoud]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

It was too boring and a waste of time if we keep on losing. Trading is not for everyone, so we never expect that everyone who tried trading will stay or will succeed. Honestly, it needs passion and motivation - not all traders have this kind of attitude.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

- Newbies must invest first in knowledge before trading
 - Must not be afraid to lose their money, it is a trial and error
 - Must not be afraid to commit mistakes for this is the reason why we learn more
 - Willing to adapt to the market condition

[KingsDen]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

It is the result of the trading that shows that you are wasting your time or not. If you traded the whole day and you have nothing to show for it as per your profit, it could be regarded as a total waste of time. But if you are trading and you are getting your portfolio increased even in the least pace, it shouldn't be considered as waste of time.

Again, if the electricity bill, subscription bills are higher than the money you make from trading, it could be called a waste of time, unless you want to rely on the experience you gain while making trading blunders and a reason not to have wasted your time.

[TheUltraElite]

As someone who has been trading for quite some time, I know how to keep myself engaged in things outside trading too. I have a job and I keep the minimum time for trading so that I am the one in control of trading and not the other way around. Since I mostly trade for long term, this process suits me. It will not suit a day trader.

If someone is wasting too much time on trading then trading is not for them. They will end up in a loss or in depression over time because of stacking losses.

[arwin100]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

You only get bored if you don't have passion for this activity but if you love what you are doing for sure you enjoy every movement of the market and get challenge when certain situation occurs.

Maybe you or some other get bored with it because they didn't get the expectation on trading's and only people who lose their money think that this is only waste of there time then think about abandoning it.

[xSkylarx]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

You only get bored if you don't have passion for this activity but if you love what you are doing for sure you enjoy every movement of the market and get challenge when certain situation occurs.

Maybe you or some other get bored with it because they didn't get the expectation on trading's and only people who lose their money think that this is only waste of there time then think about abandoning it.

He got bored because he couldn't predict the market and kept losing his money. You always get bored if you are only after money, like profit, and want to win always, meaning even if you are losing, you don't feel challenged instead it is anger. If you feel challenged, you are going to solve it or learn it so that you can achieve it and not plan to quit. That is why if you enjoy only the winning trades and don't get challenged in figuring out your losses, then in the long run you'll quit.

[ethereumhunter]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

I do not agree that trading can be boring because it depends on how much we desire to learn and profit from trading. Maybe many beginners are too busy asking people and don't take the time to learn to improve their skills in trading. And at some point, when he doesn't find the right person to ask, he will feel hopeless and confused about where to ask.

This depends on how someone can use the time to learn to trade from many sources and practice it. And when he does, he wastes no time because he can benefit from what he does. And don't forget that trading is a process just as you work and enjoy the process with pleasure. When you are happy, you will not feel bored.

[_BlackStar]

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

I don't prioritized short-term trading so far because in the end it just makes me spend lot of time analyzing and making decisions. I tend to think that long term investing is good option for anyone who values ​​their time, and it is also profitable option as long as we manage the risk and secure the assets.

Trading tips actually can help traders, but that only depends on how traders adopt and apply them. Many traders are not consistent with their trading strategies and patterns, and that has kept them from getting worth it returns for the risks they considering ^{[possibly make they loss].} So those are just my assumptions and habits, and I continue to do this until now and this has been great lot of my time in the market.

[RealMalatesta]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

I do not agree that trading can be boring because it depends on how much we desire to learn and profit from trading. Maybe many beginners are too busy asking people and don't take the time to learn to improve their skills in trading. And at some point, when he doesn't find the right person to ask, he will feel hopeless and confused about where to ask.

This depends on how someone can use the time to learn to trade from many sources and practice it. And when he does, he wastes no time because he can benefit from what he does. And don't forget that trading is a process just as you work and enjoy the process with pleasure. When you are happy, you will not feel bored.

Yeah, it's about the desire. Before in school, I always believe math subject is boring but how come when some of my classmates enjoyed it? It's because I don't have a desire for it. Same thing goes with trading. There are so many traders who enjoy it. They love how complex and hard trading was because it challenges themselves.

What is boring actually are those simple and easy things. Investing can be a good example about it because in investing, you don't have anything to do other than just hodling and wait for the price to rise before you can sell for profits. Nothing wrong with asking but if you are asking, it means you interact with other people. You are not lonely or bored this way. Trading can also be done passively like investing (thanks to the help of the trading bots.) Now we can just leave our trades in the background and we can still socialize with other people outside.

[ethereumhunter]

Trading can be a lonely and boring business at some point because, you do not have anyone to talk to and are just alone with your computer, phone, or tablet in your room, just trading. And many newbies may at some point think that they are probably wasting too much of their time. If you are in this situation right now, I want you to know that you are not wasting your time.

If you are an experienced trader reading this, how did you know that you were not wasting your time trading at the time when you felt this way?

I do not agree that trading can be boring because it depends on how much we desire to learn and profit from trading. Maybe many beginners are too busy asking people and don't take the time to learn to improve their skills in trading. And at some point, when he doesn't find the right person to ask, he will feel hopeless and confused about where to ask.

This depends on how someone can use the time to learn to trade from many sources and practice it. And when he does, he wastes no time because he can benefit from what he does. And don't forget that trading is a process just as you work and enjoy the process with pleasure. When you are happy, you will not feel bored.

Yeah, it's about the desire. Before in school, I always believe math subject is boring but how come when some of my classmates enjoyed it? It's because I don't have a desire for it. Same thing goes with trading. There are so many traders who enjoy it. They love how complex and hard trading was because it challenges themselves.

What is boring actually are those simple and easy things. Investing can be a good example about it because in investing, you don't have anything to do other than just hodling and wait for the price to rise before you can sell for profits. Nothing wrong with asking but if you are asking, it means you interact with other people. You are not lonely or bored this way. Trading can also be done passively like investing (thanks to the help of the trading bots.) Now we can just leave our trades in the background and we can still socialize with other people outside.

That's what I mean. By trying to like it and understand it, we will definitely like it over time. And by liking it, we definitely won't feel bored because we already know how. Maybe he needs to enjoy the process before getting results that he may never have imagined. Trading is simple if we want to learn so we know how to trade properly and correctly.

But sometimes, we forget that it is from simple things that we can get something big without realizing it. If we learn to trade and can find lots of trusted sources while enjoying the process, we will slowly understand it and with added experience when trying to trade can make our abilities improve. It's also the same as investing because we have to find the right investment so we don't get scammed.

[temple]

Looking back I think it was quite helpful to test out some limits and realities when it comes to crypto trading. There are days when crypto is so volatile that it almost feels like you are leverage trading stocks or FOREX. When I first got into trading I totally underestimated the dynamics and volatility, but on the good side of things I only had a limited amount of money available that I did indeed lose, but it didn't hurt me in the sense that I had trouble getting through the day and pursue my overall plan.

It is a good lesson in the beginning because it's easier to turn from careful into careless when things go well just because the whole market is moving up. Then everyone believes to be an exceptional trader. It is better to learn the other way around and turn from a careless trader into a careful trader. That's why it is so vital to stick to the rule that you should only invest money you can afford to lose. Many newbie traders can't handle the volatile days in crypto emotionally and I can tell you that can be rough if one has no former experience.

Try things out after having done your research and keep your limits low in the beginning. Low is a relative term here, but don't gamble around with maybe more than 5% of what you were actually planning to invest.