Trade with caution

[Riginac111]

I have seen the risk in trading and its noticeable that trading needs more concentration than any other thing in the cryptocurrency investment,  I know I'm knew here but after reading what investors pass through for the loss they experience in trading, I have to share this with us. I know that trading need more seriousness and concentration because its a risk job and risk investment, I outline four things that make investors to lose during trading investment.
1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading
2rd, inability to know price of bitcoin ratio and stage before investing
3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing


Learning is a continuous process

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[Oshosondy]

Insert Quote
I have seen the risk in trading and its noticeable that trading needs more concentration than any other thing in the cryptocurrency investment

Trading and investment are not the same but different. Trading does not go beyond swing trading and it can be day trading or scalping which are riskier. Investment which can be short or long term. Short tern investment would be at least 6 months.

I know that trading need more seriousness and concentration because its a risk job and risk investment

I will advice you not to see trading as a job. If eventually you are good and make money from trading, do not forget how risky it is for not to tell people that it is a job. Going for trading is a loss for more traders.

4rd, ability to notice that greediness can be a barrier of losing the profit you made.

There are many times that I have opened position before and I gained enough already, but thinking I will gain more but the market reversed and I later lost. It is good to overcome greediness while trading.

[Husires]

Greed makes you try to invest more, we love money and we want to collect more of it without getting tired, it is true that we are afraid of losing it, but the passion of collecting money remains greater than the passion of losing it, so saying that the investment should not be from the money you need during the next five years is the best or that No more than a total of 10% of your net investment.

Then setting the target, I find many of my friends do not know when to sell. He says that I will sell when the bitcoin rises, but when it rises, you find him saying, Oh, I will wait a little while, perhaps the price will rise more.

[Sim_card]

Trading is very risky and I wouldn't advice a greedy man to go into trading. Investment is easy to noture,you just have to buy your bitcoin and hodli for long without you getting worried of the price of Bitcoin pumping or dumping as long as you have plans to sell at the bull run. Trading is not the same,you have to understand the market and the strategy that will work for you to enable you make profit. If you are trading and you have a little profit of $20,this is enough don't be greedy and think that because you made $20 easily,it will be possible for you to make $150,instead you will lose $150. What I mean is that be satisfied with the little profit that you get from trading and stop trading for that day. In trading,it is either you make profit or loss.

[blockman]

That 3rd statement is true and has always been the case for the majority. Just as everyone is aware that they're on the profit, they're passing it on. It's because that they're thinking that the profit might be higher than what's being seen at the moment. Thus, greed is being detected on the majority while it's possible to sell at just keep the profit and win by that time, they're letting it pass because of the thought that the profit might be higher if they wait a little bit longer. Yes, that's possible but for how long? Years? or just a few days or just a few hours? Do not forget to satisfy yourself and take that profit.

[Hamza2424]

Hmm, Trading is suitable but trading addiction is something you should try to overcome what I actually meant by trade addiction is that when someone starts making the Future trade from the fast profits he tries to multiply his / her gains he starts doing it again and again in this simulation he only destroyed his mentality and portfolio. So trading addiction is not good even if it can cause severe damage to you financially and economically.

Trading should always be considered part-time, if you are a student after a particular time span you can say you can be now a full-time trader. If you are really trading adduct than you are not on the level of a gambler and what gamblers does when they lose a lot you should know
You can read relevant content here;

Is Pathological Trading an Overlooked Form of Addiction?
Gambling addict's suicide a 'wake-up call'

[cryptodude]

Since learning is a continuous process, acquiring knowledge about our trade is very necessary in order to trade. Many of us invest directly in any token without acquiring any knowledge about the trade. We should review the market and know well about the status of bitcoin and the current world economic situation before investing. Keeping in mind that little knowledge is dangerous, one must acquire knowledge about the trade and then invest.

[michellee]

Investing and trading are two different things. Investment is that you buy Bitcoin and keep it until the time comes to sell it. While trading is that you buy at low prices and sell at high prices and you do it continuously.

So here you can see the difference so that if someone prefers to invest, he doesn't need to sell it for the short term especially if the price hasn't been able to reach the price he wants. It will be much safer to do investment than trading especially if someone does not have sufficient ability to analyze market movements.

You better decide you want to become an investor or trader and start exploring and finding sources of learning so you can understand it better. I prefer to invest in Bitcoin instead of trading it because nowadays, it is not easy to profit from it. So you can keep hold of the Bitcoins and accumulate more Bitcoins so you can sell them in the next bull run and make a big profit.

[rhomelmabini]

Well, over time if you keep the pace you'll surely learn the best way to minimize your losses. You'll have portfolio management, stop-loss feature is always there, plans and analysis are carefully reviewed, and lot of other things that will make you be good at trading. Trading will consume your peace when starting but fruitful when you know how to play the game in the long run.

[tbct_mt2]

I have seen the risk in trading and its noticeable that trading needs more concentration than any other thing in the cryptocurrency investment,  I know I'm knew here but after reading what investors pass through for the loss they experience in trading, I have to share this with us. I know that trading need more seriousness and concentration because its a risk job and risk investment, I outline four things that make investors to lose during trading investment.

If you aware that you are newbie in Bitcointalk and also new in cryptocurrency market, don't try to write guide and teach.

In your quotes part, you changed from investment to trading. Please don't mix them together because they are different. When you have a capital and you want to use it for both trading and investment, you have to separate your capital, on for investment and one for trading. Don't mix them and don't do both trading and investment if you don't split your capital.

[Fuso.hp]

2rd, inability to know price of bitcoin ratio and stage before investing
3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.


Learning is a continuous process

These points you mentioned are considered the initial steps of trading. That is, we must know about these to do trading. If we go to work without knowing any relationship, then the probability of making a mistake in that work is more than 90%. If we come to trading without any idea about trading, our risk of losing money increases by 90%. Taking risk and not being overly greedy means that we always have a target at which we will sell our coins. One should never sit back and not sell coins at a good time hoping for extra profit. Before joining trading as a newbie you must accept that trading will never make you very rich. According to your skill and trading strategy you can expect money income from here.

[Awaklara]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

every trader and Investor will always be careful when they want to start trading or buying assets for the long term. everything has to do with capital and money, so no one will play around without knowing how to trade or how to see the potential of an asset.
no beginner starts their trading or investing without a loss. it naturally happens, you have to make it an experience and also learning for you.

[Fesatmas]

Well, over time if you keep the pace you'll surely learn the best way to minimize your losses. You'll have portfolio management, stop-loss feature is always there, plans and analysis are carefully reviewed, and lot of other things that will make you be good at trading. Trading will consume your peace when starting but fruitful when you know how to play the game in the long run.

Experience is a source of knowledge and they will use this as reference material to avoid unwanted contingencies and take something positive to duplicate. Reflecting on an experience, we will definitely know what steps we should take in the future. Factors of self-control and various risk management will come by itself when someone has passed the beginner stage. Risk management such as stop loss, take profit and psychological health will have an important role in every trade so that someone avoids being called MC. On the other hand, I've noticed that most people find it difficult to reconcile with themselves when facing losses, so they break away from some of the rules they've set.

[electronicash]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

every trader and Investor will always be careful when they want to start trading or buying assets for the long term. everything has to do with capital and money, so no one will play around without knowing how to trade or how to see the potential of an asset.
no beginner starts their trading or investing without a loss. it naturally happens, you have to make it an experience and also learning for you.

every trader has lost an amount before they really learn. the bigger the amount you lost the more you also want to learn to avoid the loss in that same situation. it motivates the traders who lost big time and they always want to get even by winning and making more money.

among the lesson to learn is to sell before the bear market start. learning when it will start is your assignment to do because sometimes, it can fake a bear yet it's a trap.

[Beparanf]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

The word “newbie” is clearly doesn’t give you an edge to have suggestion that will be view seriously by other members here especially if you suggestion is more on your experience since you are just new. Most of us here knew the very basic of investing which is the point that you mention. A newbie giving an advice is always a stepping stone here to get merit which usually being ignored.

One thing I like on your post is the part which learning is a continuos process. You should keep doing that until you have enough experience to share an advice to user that is much longer in crypto investment.

[retreat]

In my opinion, investment and trading have their own risks. However, what makes trading more risky is analysis, strategy and the accuracy of entry is the main thing. If someone does the wrong analysis using the strategy they have, of course it will be fatal to their trading. Especially if it is margin trading, the money might disappear in a few seconds. So to avoid this, it's best for beginners to start from spot trading only, there's no need to rush into margin trading, because if traders are patient, they will be able to get a profit from their trades.

[irhact]

3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

As a trader you should be able to know when to be greedy and when to quit trading, the charts holds all this information as when you're good with reading charts you can predict when there will be a rise in the market, if it is just a pump that'll dump later or it's the market recovering from its down times and would continue increasing until a new resistance is reached. Any trader that isn't trading using the charts is not trading but doing some guessing.

Reading and been able to understand and interpret charts are needed when trading as it ensure you're trading with caution if you follow the charts correctly. Another way to ensure you're trading with cautious is by using stop loss because this will help prevent you from lost.

[Silberman]

I have seen the risk in trading and its noticeable that trading needs more concentration than any other thing in the cryptocurrency investment,  I know I'm knew here but after reading what investors pass through for the loss they experience in trading, I have to share this with us. I know that trading need more seriousness and concentration because its a risk job and risk investment, I outline four things that make investors to lose during trading investment.
1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading
2rd, inability to know price of bitcoin ratio and stage before investing
3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing


Learning is a continuous process

Trading is probably one of the most difficult jobs that exist, and that is because even if your performance drops a little bit that can be more than enough to go from a profitable trader to a losing one, and what is worse is that as time goes by the average level of traders goes up, so what worked on the past will not work on the future, and as such you need to keep studying the markets and create new profitable strategies, which explains why the failure rate is so high and why even successful people eventually get tired of trading as well.

[Bananington]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

There is a good time to invest in bitcoins, and while you decide to wait until you know enough to invest in bitcoins, the price will be changing and it can quickly move from a favorable price to a price that is not too good for you to enter into investment with when you finally decide to invest. It is possible to buy some bitcoins for keeps and then wait for learn about how to keep them well since learning is a continuous process, waiting may not go as well as you wish.

[goaldigger]

This has been discussed many times and yes we should not trade too much especially if you are still now capable to do so. Trading will always require and accurate analysis and you should have this first before you execute your trade, it you are not that confident better no to trade big yet. Learn everything, exert more effort and be more patient, trading also deals with your emotion so make sure to know how to control it as well.

[DoublerHunter]

~snip~
Learning is a continuous process

^ You already said it.
If you lose in trading, that is part of a learning process.
If you have negative outcomes in trading, that is a part of the learning process.
Whatever the consequences whether it is bad or good at least we learn and we know how to avoid them in the future, and regarding greed, I don't argue that because was a part of a human being that we individually must control and against it. Always put in mind to be cautious when it comes to handling financial decisions, especially in trading which is always associated with risk. Try to play safe, just invest and hold for a long term.

[Johnyz]

A good trader knows how to timing the market, and there's no need to trade everyday because this will depend on your strategy.
The most important thing to have as a trader is your strategy, so make sure to have this and commit on that so you won't lose your track.
Trading can be very tricky too, and those who become more greed have a higher chance to lose the money, make sure you wont rush your trading learning because you might miss important knowledge about trading and that can result to a failed trading, have more patience while learning how to trading and just enjoy your journey in trading.

[Unbunplease]

A good trader knows how to timing the market, and there's no need to trade everyday because this will depend on your strategy.
The most important thing to have as a trader is your strategy, so make sure to have this and commit on that so you won't lose your track.
Trading can be very tricky too, and those who become more greed have a higher chance to lose the money, make sure you wont rush your trading learning because you might miss important knowledge about trading and that can result to a failed trading, have more patience while learning how to trading and just enjoy your journey in trading.

To be successful in trading, you need to constantly improve your skills, as new tools appear to make trading easier. The most dangerous thing is to trade almost without rest, because sooner or later fatigue will take its toll, and you can make fatal mistakes on the spot. Accuracy in trading is essential

[Oilacris]

1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading
2rd, inability to know price of bitcoin ratio and stage before investing
3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

5th Dont make yourself that easily get dragged with hype and fud
6th Dont make yourself believe that there would be some guru or does give out that kind of assurance when it comes to trading tips
7th Dont make yourself that careless about your price predictions and would make out alterations due to some small factors

You would really be finding yourself to be that impulsive if you do have this kind of behavior on which you should really be avoiding this in the first place. You cant really
just make yourself that making trades without any caution or other things which are supposed to do for you to sustain this very unpredictable market.
This isnt something that simple that you could just simply put up positions then youre good to go. There are lots of factors which you would be needing to mind
on if you do really like to sustain this market which not everyone would be able to do so.

[Issa56]

1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading

Trading is not what we can do without really knowing what it’s all about, if you are planning to trade, then it’s better you go on a research and understand what trading is about, we should make you we create a trading strategy because if you don’t have trading strategy, then you are going to be wasting money, and don’t depend on anybody’s strategy, the strategy that works for me might not work for another person, so we should try and work on our strategy.

3rd, Being careless to know when due to withdraw without being greed

As a trader, being greedy is having lots of disadvantages, some times you have to be satisfied with the little profit which you make, but won’t always make big profits always. But sometimes it’s not that some people are greedy, they don’t always know the appropriate time to enter the market or leave the market, and that’s one of the most important thing we should know as a trader.

as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Is it possible not to lose money as an investor? I don’t think so but it’s just better our profit is more than our lose, and if you are even planning to invest in altcoins, the chances of losing money is really high, but if you are investing in bitcoin and you are ready to hold, then you might not be losing, but you will be ready to hold for long term.

[Slow death]

some people have already mentioned in this thread that trading and investment are not the same thing, now what you need to ask yourself: how many people profit from day trading? many people are giving advice to other people, they talk about the risks of day trading and how to be successful with day trading, but have you ever wondered why people who are giving advice on day trading never show proof of the gains and losses they have had? The reason is very simple: they don't show why they stopped day trading because they know it's not profitable, it's something unfeasible, I'll ask you the following:

how much capital are you putting into your day trade?

how much profit are you making?

how much damage did you have?

can you post proofs?

as you are giving advice on day trading so showing proof of these questions I asked you will help many people, people always believe more in the proof, it is something normal because they are surrounded by many other people who lie a lot, we will be waiting for the proof that you do day trade and had some great good experience and for that reason you are able to give trade tips

[Dr.Bitcoin_Strange]

For a trader to become successful, they have to keep learning because they will make mistakes and lose money, but if they are persistent and have good self-control over what they are doing, they will still become very good traders. A good trader understands that in trading, there are times when they encounter losses, and she or he must be ready to bear that loss and quickly move on for another trading opportunity. Trading deals with timing; if you miss the time you are supposed to place a trade, then you will have to wait for another good opportunity to enter the trade; otherwise, it could result in a loss. So, for someone who is still a newbie to trading, any time they face a loss, they will keep thinking about it and can mistakenly place a wrong trade on that process, which can still cause them more losses. Trading is not just for everybody, though.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Captain Corporate]

Not understanding when to stop is a big problem a lot of newbies have. Its not about stopping by the way, if you want to invest then its not greed, that's called investment, so you can buy now and hold it through all bull and bear markets and not sell at any point whatsoever and that would be called investment, I do that and I do not regret a single second for not selling at 68k, why? Because I kept on buying at low and high all the same since my aim was to invest, not trade. But if you are a trader then it is vitally important to know when to get out just like its important to know when to get in. If you buy it at a very cheap price and it goes up, that would be lovely, but if you hold it long enough that it crashes before you sell, then you haven't achieved anything. So know when to get in, but also definitely know when to get out.

[Learn Bitcoin]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Investing in Bitcoin and trading are different. Investors have some specific target/goal. Some investors invest for the long term, and others invest for the short term. If you are new to the Bitcoin market, take time and read. If you are investing in Bitcoin for the long term, you only want to know how to secure your wallet and not fall for scams. You are here in Bitcointalk means you already know how Bitcoin works, and I believe you have a wallet and you have used Bitcoin before.

I don't know how experienced you are. But whenever I see newbies write suggestions, I feel interested to know what you've got there because some newbies wrote tips before that are below standard. The topic you wrote about has already been discussed several times.

[Hamza2424]

Well, over time if you keep the pace you'll surely learn the best way to minimize your losses. You'll have portfolio management, stop-loss feature is always there, plans and analysis are carefully reviewed, and lot of other things that will make you be good at trading. Trading will consume your peace when starting but fruitful when you know how to play the game in the long run.

Hmm well said it can cost your time and little effort in the initial stage but the outcomes are gonna be impressive as well in my view even after a consistent experience never be dependent on the market. You should need to be multi-sourced. Trading is good for your financial lifecycle but can be injurious to your health, if you are gambling with your health for the sake of some profits it should need to be stopped on time. Not everyone can be a trader so if you can't do it never gets disheartened.

[GreatArkansas]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing
(....)

Indeed, trading cryptocurrencies are far different compared to trading other assets, especially non-cryptocurrency.
Even in other assets, risks involves also and it has different risk pressure.
When it comes to trading cryptocurrency, most people who complain about volatility, so you must be ready for this.

For OP, about knowing the values of coins or altcoins before investing, I think you are talking about fundamental analysis here not so technical like looking at charts, identifying chart patterns, etc. And this is more investment, not trading. But it is somehow trading because in the future you will also make profits on that by selling it on higher price.

[tjtonmoy]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Trading is a process of loss and profits. You can not avoid losses even if you try so hard. Crypto market is volatile and unpredictable what the future holds. So we can never be 100% sure what will happen and if we are going to make profits every time. What we can do is minimize the loss by risk management. That's the key thing that is missing in your post. Every trader should know about this. Even the big dogs are making losses from time to time. What they do differently from newbies is they know how to manage their risks and minimize them using strategy. To do that, you need to learn market analysis.

One more thing that I want to add is, greed is a part of emotion. It also contains fear. So mentioning emotion would be much better as it will help people to understand the whole concept.

[Mpamaegbu]

I know I'm knew here but after reading what investors pass through for the loss they experience in trading,

Investors aren't traders per se. These are two different things even if they're related. Investors think of investments. Traders think of trading. The semblance investors have with trading is when they're offloading to the market yhey cryptos they invested in. Hodlers will better fit investors description than calling them traders.

To the main gist, whether one is cautious trading or not one is more likely to blow off one's trading capital if one doesn't have the basic skill set for trading. It's that simple and has nothing to do with trading frighteningly.

[usekevin]

Trading is the easy way of earning when you learn the flow of the market.In order to do that,you need to choose one coin.If the coin is bitcoin,Ethereum you can inverse in the dump of the price.When the coin is different altcoin,you can use of the strategy to inverse in that coin.You had to check the previous chart of the that coin over a period of 6 month of time.Then it’s easy to calculate the exact price of investment.You have to wait till the market react and expected value.Use the money to get more money from trading.

[Wapinter]

You can try out copy trading where you copy the portfolio of experienced traders. Some platforms provide these features and it is very helpful for newbie traders.
You can learn various trading techniques by following expert traders without risking lot of your money.

Also remember, you can't always make profit. Sometimes you have to take loss also.
The golden rule is never invest the amount that you can't afford to lose.

[Ziskinberg]

...

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing


Learning is a continuous process

And as a newbie, don't assume that trading went so well on your first try, and never assume that you can reach your goal quickly. Because you are right, learning is a continuous process meaning - more experience, more learning. Even though you already have done research before doing this, never expect that it gonna be enough because your emotions can influence you in making a decision and this usually happens to the starter. And there is one - expect losses and why? Because is a part of crypto and it brings you learning as well. 

[dunfida]

...

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing


Learning is a continuous process

And as a newbie, don't assume that trading went so well on your first try, and never assume that you can reach your goal quickly. Because you are right, learning is a continuous process meaning - more experience, more learning. Even though you already have done research before doing this, never expect that it gonna be enough because your emotions can influence you in making a decision and this usually happens to the starter. And there is one - expect losses and why? Because is a part of crypto and it brings you learning as well. 

Newbies usually be having these kind of impression;

1. Being careless and dont mind about strategies and analysis
2. Easy to make money
3. Easy to guess on where price would go
4. Being that confident

Its true that engaging yourself would really be a never ending learning because this market is always been that a space on which there are lots of variations
on which you would be able to face on. You cant really be able avoid these things but once you do have that kind of sufficient learning and experience
then you would really be having the idea on what you would really gonna do which it would really be a normal phase.

[Xampeuu]

Knowledge is the first thing that must be mastered by an investor. if you do invest in bitcoin, I don't think you need to worry even though we are new investors, what needs to be considered is our mentality, because in many cases they lose to price fluctuations where psychology is unable to hold on. but for those who want to invest in altcoins, or even new coins, I think they have to learn to analyze first, so they don't regret it later. in essence do not invest in what we are not good at

[RockBell]

A good trader knows how to timing the market, and there's no need to trade everyday because this will depend on your strategy.
The most important thing to have as a trader is your strategy, so make sure to have this and commit on that so you won't lose your track.
Trading can be very tricky too, and those who become more greed have a higher chance to lose the money, make sure you wont rush your trading learning because you might miss important knowledge about trading and that can result to a failed trading, have more patience while learning how to trading and just enjoy your journey in trading.

Everyone knows what is best for them when it comes to trading so even if the trader wants to trade every day if it works for him, and trading futures involves risk the higher the risk the higher the profit and if you can key into risk management by reducing the percentage it will help reduce the risk, and if anyone wants to trade knowledge can not be left out, or at the end of the day you end up losing your money which is bad, if everyone keeps loosing money then at the end of the day you become liquidated completely, caution suppose to be taking into consideration.

[TheUltraElite]

This has been discussed many times and yes we should not trade too much especially if you are still now capable to do so. Trading will always require and accurate analysis and you should have this first before you execute your trade, it you are not that confident better no to trade big yet. Learn everything, exert more effort and be more patient, trading also deals with your emotion so make sure to know how to control it as well.

Analysis may not always be accurate but you have to be identify the trend and place your trade according to that trend. Don't assume that what people say about prediction is hard and fast, rarely they come correct and you would better off not listening to those.

A lot of things in trading can be learnt from dummy trading on paper. This should be done my every trader in their beginner days and even in veteran stage. Keeping logs and tracking orders from them is a good habit and gives you a better sense of control over assets.

This takes time to learn and making mistakes on the way is just the process not the end.

[Bitcoin_people]

Trading is a risky business where greedy people often face losses. Trading is not as simple as it sounds, there are many tricks hidden in it which if not known will result in 100% loss. Investing is easier than trading because the investment is held for a long period of time in a permanent way until the profit comes. But in the case of trading, it is not possible to profit by trading if you don't know the strategy about the different chart of the market. A new trader should have enough ideas when he thinks about earning by trading. It is possible to make substantial profits by trading if one has a good understanding of the market and avoids losses. Otherwise trading without following different directions in the market must be risky and losses are normal.

[Games.Bitcoin]

Before starting any job, one should know about the job well. It must be viewed with caution while engaging in trading or investing. Financial markets are simply unpredictable and risk is present at every turn. Before investing you must educate yourself and do thorough research to understand the potential risks and then invest. I think it is natural that there is always risk in trading.

[Ricardo11]

It is important to exercise caution while trading. Because trading is risky. We must trade with caution here. If we are careful while trading, it will help us to make the right decision. And being careful will reduce the risk of trading somewhat. As a result we will be able to profit from trading. So trade carefully.

[Yamifoud]

Before starting any job, one should know about the job well. It must be viewed with caution while engaging in trading or investing. Financial markets are simply unpredictable and risk is present at every turn. Before investing you must educate yourself and do thorough research to understand the potential risks and then invest. I think it is natural that there is always risk in trading.

Indeed, it was necessary to have the full knowledge into something that we have to work with most especially in trading due to it is not just a simple task to be done. We can't underestimate the market as it moves unpredictably making us lose if we are not careful. Act with caution - that was really the best thing to do otherwise, we can be like those people who suffered big losses because of making wrong decisions.

But, it was not just we need knowledge, we also need to control our emotions and manage to be more patient as this is very important in a trading job.

[TheSpiral]

But, it was not just we need knowledge, we also need to control our emotions and manage to be more patient as this is very important in a trading job.

Knowledge is necessary for choosing best coin and right time to buy coin but still it will not guarantee you profit because crypto market is very unpredictable and market can be pump or dump and we have control emotion and don't sell in panics. This is the reason new trader have been given suggestions to start practical trading from low amount to get experience of emotion control. Patient is also necessary because sometimes we have to wait long for a coin to start rising or recovering.

[ZAINmalik75]

1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading
2rd, inability to know price of bitcoin ratio and stage before investing
3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

You mentioned some good points there, but these are not enough, to trade in BTC or in any ALTs, you first have to calculate your profit over the risk you are taking on your capital investment. Because, it is not wise to take huge risk on small profit. And keep in mind that, there is no secret behind trading because trading is full of expected and unexpected events.

So, how can one or two secrets could be helpful in crypto trading? You must have a knowledge of Fundamental and Technical Analysis to be successful in crypto trading. And i totally agree with Greed factor which urge many traders to wait more to gain more profit even when the market is on its peak. I know there is not a single indicators which could tell the peek of market in 100%.

But, a little knowledge and common sense also do the work.  And one can easily know when to book and when to not. This term "Greed" is a market sentimental term which consists of other terms like FOMO, FUD etc. So, keeping an eye on all other factors is also important.

[jaberwock]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Investing in Bitcoin and trading are different. Investors have some specific target/goal. Some investors invest for the long term, and others invest for the short term. If you are new to the Bitcoin market, take time and read. If you are investing in Bitcoin for the long term, you only want to know how to secure your wallet and not fall for scams. You are here in Bitcointalk means you already know how Bitcoin works, and I believe you have a wallet and you have used Bitcoin before.

I don't know how experienced you are. But whenever I see newbies write suggestions, I feel interested to know what you've got there because some newbies wrote tips before that are below standard. The topic you wrote about has already been discussed several times.

Each traders do also have their own goals. If investing has a short and long term then trading also has it. Investors usually go for the long term because if not then they will just do trading. There are lots of things to know as a long-term investor not just knowing how to secure our wallet. Not all who joins Bitcointalk do already have an experience in Bitcoining but some are just a newbie. OP's rank shows as a newbie but if you check his profile, his registered date was 2022.

I guess I won't consider him as a total noob but he isn't only active in the forum for him to rank up his account. he has a good intention but indeed, it would be better if they will make a research first if the same topic already exist.

[irhact]

Trading is a risky business where greedy people often face losses. Trading is not as simple as it sounds, there are many tricks hidden in it which if not known will result in 100% loss. Investing is easier than trading because the investment is held for a long period of time in a permanent way until the profit comes.

I'll choose investing instead of risking losing my money from trading. Many individuals think trading is easier to learn since you don't need to do researches on the project but only trade and all project but good and bad can be traded on. For example we have those trading memecoins and profiting yet we discourage people from investing in memecoins. Also because of lack of patience to hold, many newbies are choosing trading over investing.

Trading is riskier than investing and inexperienced individual shoudn't try it as those who are inexperienced will always lose. One reason for this is because so many individuals rush into trading, they don't learn the skills perfectly before they start practicing it on live account.

[omgitsmehehe]

It is important to exercise caution while trading. Because trading is risky. We must trade with caution here. If we are careful while trading, it will help us to make the right decision. And being careful will reduce the risk of trading somewhat. As a result we will be able to profit from trading. So trade carefully.

We are the ones that would be able to give the best advices to ourselves, because we know ourselves more than any other individuals,  we know what we can take in and out. Before trading, I've already know how much I'm willing to lose and gain, my risk management do saved me from liquidation and trades hitting my stop loss. Trading is risky, we ought to take preventive measures whenever we're engaging in trading. We should apply the trading strategy that suits our pattern, rather than following the trends, price actions works.

[Beparanf]

It is important to exercise caution while trading. Because trading is risky. We must trade with caution here. If we are careful while trading, it will help us to make the right decision. And being careful will reduce the risk of trading somewhat. As a result we will be able to profit from trading. So trade carefully.

We are the ones that would be able to give the best advices to ourselves, because we know ourselves more than any other individuals,  we know what we can take in and out. Before trading, I've already know how much I'm willing to lose and gain, my risk management do saved me from liquidation and trades hitting my stop loss. Trading is risky, we ought to take preventive measures whenever we're engaging in trading. We should apply the trading strategy that suits our pattern, rather than following the trends, price actions works.

Giving advice to ourselves is the worst idea you can do. We have our own hard headed way which affects our decision making. We have our own thoughts and experience that makes our own advice is very limited to our current status right now. There will be no improvement if the advice is coming from your own knowledge.

Asking professionals or read books from successful people on trading is the best thing to do for improvement of your trading rather than relying on your own knowledge.

[rby]

Investing and trading are two different things. Investment is that you buy Bitcoin and keep it until the time comes to sell it. While trading is that you buy at low prices and sell at high prices and you do it continuously.

I would have scrolled pass but I have seen many people use similar words trying to differentiate between trading and investment. The amount of time taken to withdraw your coins is not the only or major factor to differentiate between trading and investment.
I mean I can buy a coin today  @ $2.5 and decides to withdraw when the price clicks $5. If this happens within 12 hrs and I make withdrawals, are you gonna call me a day trader?
My emphasis is that a day trader obviously benefits from price volatility in a short time. Even someone who isn't a day trader shouldn't wait for a certain duration to withdraw in order to answer an investor. Whether you are a trader or not, in as much as you buy cryptocurrency, allow it to appreciate and you take profit, you are a crypto investor.

It is important to exercise caution while trading. Because trading is risky. We must trade with caution here. If we are careful while trading, it will help us to make the right decision. And being careful will reduce the risk of trading somewhat. As a result we will be able to profit from trading. So trade carefully.

Carefulness is not all that is needed. No matter how careful you are, if you don't know how to trade, you will lose your money. First know how to trade, then carefulness, patience and the rest will come in.

[bitgolden]

Before starting any job, one should know about the job well. It must be viewed with caution while engaging in trading or investing. Financial markets are simply unpredictable and risk is present at every turn. Before investing you must educate yourself and do thorough research to understand the potential risks and then invest. I think it is natural that there is always risk in trading.

The risks of trading without knowing much about how to trade is the biggest threat in the crypto market nowadays. Too many people end up not knowing what to do and how to make a profit and that causes a lot of people to have a ton of mistakes eventually.

The best thing about bitcoin is that if you know what you are doing then you can make a profit and it would be lovely for everyone but if you are not careful then you are going to end up with a lot of loss at the same time as well. I am not saying that we are going to end up with a profit at all times if we know what we are doing and careful, but at the very least we are not going to lose as much as people who are greedy and just trade to make as much profit as they can, while not being careful.

[Sebas.tian]

3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

Know when to trade your Bitcoin are very important as a trader, because it can help you to experience some positive changes in you profits if you will be able to notice some signs that involve when the price is high in the market. And it will be profitable if you as a trader can understand when to buy and hold before trading because if you buy when the price is high in the market, it will not allow you to make a good profits, because you didn't buy when the price is low in the market which is very important to every cryptocurrency traders to learn in the community. Don't continue holding when it's time to trade and make a passive profits because it can lead you to regret in future which is not advisable as a newbies.

[Desscount]

3rd, Being careless to know when due to withdraw without being greed
4rd, ability to notice that greediness can be a barrier of losing the profit you made.

Know when to trade your Bitcoin are very important as a trader, because it can help you to experience some positive changes in you profits if you will be able to notice some signs that involve when the price is high in the market. And it will be profitable if you as a trader can understand when to buy and hold before trading because if you buy when the price is high in the market, it will not allow you to make a good profits, because you didn't buy when the price is low in the market which is very important to every cryptocurrency traders to learn in the community. Don't continue holding when it's time to trade and make a passive profits because it can lead you to regret in future which is not advisable as a newbies.

Basically trading is so complicated because there are many things that need attention,
trading coins is not random and we have to know when to buy and sell,
With the crypto market that has high volatility, that's what makes us profit, but there will always be risks.

[Adbitco]

How do you put a knowledge that you have never experienced to write to people over here?
I think your experience would had work better than using what others says in the forum. If you are a trader then you will understand that bitcoin trading and investment is not the same they may looks similar but not quantifiable.
When talking of trading, it all depends on the kind of trading you are referring to but as much as I know investment is more secure than trading. For example trading on binary options are more deadly which requires maximum concentration, devotion and being focused.

[Litzki1990]

Those who are new to trading must understand that trading is never meant to be held for a long period of time. If you feel that you have made enough profit by trading then you should sell your trading. In the case of some traders, after buying a coin, they gain a certain amount of money, but they think that the market may go higher, so even if they make enough profit, they do not sell their coins, which results in a time when the market again goes up. When they go down, they suffer a lot and sit for a long time waiting for the market to go up again, but this should not be done at all. If you make some profit, you should sell your trade and wait for the market to turn low again.

[YOSHIE]

Of course trading in the crypto market must be careful and continuity is important and a must, everyone who is engaged in trading is conscientious, understand and pay attention to the graph of the type of crypto you want to trade, because each type of crypto has a different direction.

Crypto trading is not the same as trading vegetables, crypto trading if it is not based on knowledge and learning all of it will be in vain, messy, everything that has to be done must be really mature in action, to make good profits.

[KingsDen]

Crypto trading is not the same as trading vegetables, crypto trading if it is not based on knowledge and learning all of it will be in vain, messy, everything that has to be done must be really mature in action, to make good profits.

I have to agree with this. Crypto trading is not all about being able to trade and make profit. Even if you are a good trader on the spot or short run, if you are not disciplined, patient and maybe able to control your emotion, you will be loosing on the long run.
Crypto trading is not just like other forms of trading. It requires calmness and alot of concentrations in order to make profits consistently.
A good trader needs to understand that they don't need to trade every time. You trade only when you see what sign you are looking out for in the market.

[GeorgeJohn]

Before starting any job, one should know about the job well. It must be viewed with caution while engaging in trading or investing. Financial markets are simply unpredictable and risk is present at every turn. Before investing you must educate yourself and do thorough research to understand the potential risks and then invest. I think it is natural that there is always risk in trading.

The thing is that op contradict both trading and investment and also made mention that both are job, but I want to let op and also you know that trading and investment in cryptocurrency is not a pronounced job its called side hustle, and it's very obvious that before venturing into this kind of investment you have to scrutinised well to know the factors behind achieving of success and also the rudiments of what you are about to venture into, some people today doesn't know exactly the difference between investment and trading, when they make a proper research concerning both they will be able to figure out differences from my perspective.

[Vaculin]

That 3rd statement is true and has always been the case for the majority. Just as everyone is aware that they're on the profit, they're passing it on. It's because that they're thinking that the profit might be higher than what's being seen at the moment. Thus, greed is being detected on the majority while it's possible to sell at just keep the profit and win by that time, they're letting it pass because of the thought that the profit might be higher if they wait a little bit longer. Yes, that's possible but for how long? Years? or just a few days or just a few hours? Do not forget to satisfy yourself and take that profit.

Greed is nothing but will only delay our profit making, or the reason that we’ll not be profitable anymore. That’s why when you invest or trade, learn to control your greed because that will only ruin your focus on the right timing when to sell and make profits. In the end, greed will only cause you to suffer because once you’re in a state of being greedy, you are losing the opportunity to progress but instead, you are all doomed for losses.

[Gladitorcomeback]

Trading needs concentration but investment does not need much concentration because you invest certain amount and then you wait until it rise to give you huge profit. Knowledge is necessary for both trading and investment, the rate of success will be more if you have more experience and more understanding about the basics.

Greediness is not a good way in trading and investment but you have to take appropriate steps whenever the price changes. As now the price is higher so it does not means that if you wait for more enhancement in price price you will be greedy but it means that you have knowledge about past that after four years halving occurs which has positive impact on worth of bitcoin. Sometimes waiting is profitable but if you know the fact and this is not consider as greed but on other hand when you know that price will not increase more than this then selling for getting profit is will be suited well.

[Silberman]

Trading needs concentration but investment does not need much concentration because you invest certain amount and then you wait until it rise to give you huge profit. Knowledge is necessary for both trading and investment, the rate of success will be more if you have more experience and more understanding about the basics.

More than anything what investors need is to have tough skin, as it is impossible for things to always go our way, and as such an investor will eventually make a mistake and if they are not able to endure it then they will sell for a bad price and lose money, this is exactly what happened to the people that invested near the ATH on 2021 and 2017, and the majority of them were simply unable to keep holding their coins due to their frail mentality.

[milewilda]

Trading needs concentration but investment does not need much concentration because you invest certain amount and then you wait until it rise to give you huge profit. Knowledge is necessary for both trading and investment, the rate of success will be more if you have more experience and more understanding about the basics.

More than anything what investors need is to have tough skin, as it is impossible for things to always go our way, and as such an investor will eventually make a mistake and if they are not able to endure it then they will sell for a bad price and lose money, this is exactly what happened to the people that invested near the ATH on 2021 and 2017, and the majority of them were simply unable to keep holding their coins due to their frail mentality.

Endurance and emotion handling on which this would really be the best thing that you should really be having on the time that you would really be deciding on touching up that trading thing. Everything should really be considered out from your emotion to your mindset on how you do deal up with things.Never ever put up into your mind that it would really be that so simple on dealing up with this market.
Always trade with caution and as much as possible you should really be that lessening up the risk as minimal as possible, this isnt a race or  shall we say not a sprint but rather it would be a marathon.
To those traders who do able to withstand different market conditions and able to sustain himself are the ones who would really be lasting out longer compared into those people who do rush up
on making or taking decisions just because of being that impatient.

[jeraldskie11]

4rd, ability to notice that greediness can be a barrier of losing the profit you made

I agree; greed in trading is not only intended to those who lose a lot but also those who win a lot. They trade so quickly in order to get rich quickly without a clear setup seeing in the market. Most of the time, they believe that trading is simple, not realizing that it simply returns their profit to the market. This is something I've experienced before.

Learning is a continuous process

We all know that the market is fractal but the smart money always finding where our stop loss are to be liquidated. That's why enhancing our setup is a must especially if the win rate is getting lower.

[nur rochid]

Trading needs concentration but investment does not need much concentration because you invest certain amount and then you wait until it rise to give you huge profit. Knowledge is necessary for both trading and investment, the rate of success will be more if you have more experience and more understanding about the basics.

More than anything what investors need is to have tough skin, as it is impossible for things to always go our way, and as such an investor will eventually make a mistake and if they are not able to endure it then they will sell for a bad price and lose money, this is exactly what happened to the people that invested near the ATH on 2021 and 2017, and the majority of them were simply unable to keep holding their coins due to their frail mentality.

Endurance and emotion handling on which this would really be the best thing that you should really be having on the time that you would really be deciding on touching up that trading thing. Everything should really be considered out from your emotion to your mindset on how you do deal up with things.Never ever put up into your mind that it would really be that so simple on dealing up with this market.
Always trade with caution and as much as possible you should really be that lessening up the risk as minimal as possible, this isnt a race or  shall we say not a sprint but rather it would be a marathon.
To those traders who do able to withstand different market conditions and able to sustain himself are the ones who would really be lasting out longer compared into those people who do rush up
on making or taking decisions just because of being that impatient.

sometimes we are stronger to hold in floating minus conditions than in floating plus when bullrun occurs. the impatience to wait for the target to be picked up is often done, or even many are greedy to take advantage. things like that should be corrected in terms of our mentality considering that many losses occur as a result of such behavior. the same thing when we are about to make a transaction, the impatience in waiting for the market to enter the buying area is a concern too

[SamReomo]

Snip

First of all I would like to clear your mind that trading isn't risky for those people who have a proper plan and follow a well developed and tested strategy. Mostly the traders lose money because they start trading with the pump-dump coins and that's the main reason for their loss, as those pump-dump shit-coins are valueless and if someone trades those in greed then the person will lose his/her capital when those coins see a huge dump.

I would also like to make you sure that the ones who do Bitcoin trading will never be disappointed if they follow a well developed strategy based on the sentiments and technical indicators because such strategies will finally make those traders be at profits instead of losses. The Bitcoin trading isn't for newbies and in that case I agree with you, but it can be learned within few weeks if someone is truly devoted into it.

I don't think that a good trader ever needs to withdraw his money because if he's earning a good amount of profits from his trading then he will only withdraw the profits instead of the whole capital.  Well, I know greed is a worse type of emotion that could cause huge damages, but instead of greed if we have patience then things wont be bad for a trader even if he holds his coins for a little longer period to earn some more %age in profits.

[doomloop]

Trading is a risky business where greedy people often face losses. Trading is not as simple as it sounds, there are many tricks hidden in it which if not known will result in 100% loss. Investing is easier than trading because the investment is held for a long period of time in a permanent way until the profit comes. But in the case of trading, it is not possible to profit by trading if you don't know the strategy about the different chart of the market. A new trader should have enough ideas when he thinks about earning by trading. It is possible to make substantial profits by trading if one has a good understanding of the market and avoids losses. Otherwise trading without following different directions in the market must be risky and losses are normal.

Trading is definitely not everyone's cup of tea, especially if we talk about day trading or scalping which means that you buy and sell assets within a very short period of time to book some profits, which is what almost every single trader does when they say they are traders, you can barely find people who do long term trading like holding for a week or so so that the profit margin goes higher than the short-term trades we discussed earlier.

Having enough knowledge and experience is obviously required to become a trader or a successful trader, without enough knowledge about the market and the cryptocurrencies, and also not knowing the tools and analysis techniques will make you have a hard time trading different cryptocurrencies.

[Unbunplease]

Trading is definitely not everyone's cup of tea, especially if we talk about day trading or scalping which means that you buy and sell assets within a very short period of time to book some profits, which is what almost every single trader does when they say they are traders, you can barely find people who do long term trading like holding for a week or so so that the profit margin goes higher than the short-term trades we discussed earlier.

Having enough knowledge and experience is obviously required to become a trader or a successful trader, without enough knowledge about the market and the cryptocurrencies, and also not knowing the tools and analysis techniques will make you have a hard time trading different cryptocurrencies.

For successful trading, in addition to knowledge, you need to have good intuition. No trading tool is absolutely accurate. That is why intuition comes to the rescue. It is honed over the years, but you need to have patience. In addition, you need to have strong enough nerves to try not to take hasty actions

[Japinat]

That 3rd statement is true and has always been the case for the majority. Just as everyone is aware that they're on the profit, they're passing it on. It's because that they're thinking that the profit might be higher than what's being seen at the moment. Thus, greed is being detected on the majority while it's possible to sell at just keep the profit and win by that time, they're letting it pass because of the thought that the profit might be higher if they wait a little bit longer. Yes, that's possible but for how long? Years? or just a few days or just a few hours? Do not forget to satisfy yourself and take that profit.

You know it’s hard to satisfy oneself and not wanting more because we are born greedy and hence, without satisfaction. And if greedy people decide to trade, it will be a struggle for them fighting their own greed and emotions. That’s the reality, but despite it, there are still good number of traders who have overcome that and end up trading successfully. Aside from controlling its greed and emotions, patience also matter so you can perfectly trade your coins at its best and reasonable price.

[Lanatsa]

That 3rd statement is true and has always been the case for the majority. Just as everyone is aware that they're on the profit, they're passing it on. It's because that they're thinking that the profit might be higher than what's being seen at the moment. Thus, greed is being detected on the majority while it's possible to sell at just keep the profit and win by that time, they're letting it pass because of the thought that the profit might be higher if they wait a little bit longer. Yes, that's possible but for how long? Years? or just a few days or just a few hours? Do not forget to satisfy yourself and take that profit.

You know it’s hard to satisfy oneself and not wanting more because we are born greedy and hence, without satisfaction. And if greedy people decide to trade, it will be a struggle for them fighting their own greed and emotions. That’s the reality, but despite it, there are still good number of traders who have overcome that and end up trading successfully. Aside from controlling its greed and emotions, patience also matter so you can perfectly trade your coins at its best and reasonable price.

Human beings are naturally greedy on which i do really agree on what you do have said on which there would really be no satisfaction and this is why they would really be taking up shortcuts on whatever things that they do get engaged on specially if we do see that we are really that able to make profits on short time period. This is why it would really be that resulting into this kind of action
on which you would really be hurrying up yourself on doing things just because you cant really that able to wait up for the outcome.

We do always mind off about easy money without even trying out realize on what are the things that you should really be done first for you to be able to reach out such condition or situation.
You cant really just make yourself able to reach out a certain state without experiencing that hard work and effort and time that you would be needing to put up.
Not everything you do seem to be simple are actually to happen because its impossible that you wont really be able to notice it out.

[Kelvinid]

That 3rd statement is true and has always been the case for the majority. Just as everyone is aware that they're on the profit, they're passing it on. It's because that they're thinking that the profit might be higher than what's being seen at the moment. Thus, greed is being detected on the majority while it's possible to sell at just keep the profit and win by that time, they're letting it pass because of the thought that the profit might be higher if they wait a little bit longer. Yes, that's possible but for how long? Years? or just a few days or just a few hours? Do not forget to satisfy yourself and take that profit.

You know it’s hard to satisfy oneself and not wanting more because we are born greedy and hence, without satisfaction. And if greedy people decide to trade, it will be a struggle for them fighting their own greed and emotions. That’s the reality, but despite it, there are still good number of traders who have overcome that and end up trading successfully. Aside from controlling its greed and emotions, patience also matter so you can perfectly trade your coins at its best and reasonable price.

Greediness is the main reason why many traders fail because such feeling will now be controlling their minds and usually makes decisions wrongly. Indeed, controlling such emotion is the key to success but unfortunately, it becomes a challenge for them that is why, despite the fact that they are trying to do it, they still fall into such things from time to time until they give up. That is why for so many traders that have been in the crypto space, only a few heading in the right direction and succeed while many had gone failing.

[Cryptomultiplier]

That 3rd statement is true and has always been the case for the majority. Just as everyone is aware that they're on the profit, they're passing it on. It's because that they're thinking that the profit might be higher than what's being seen at the moment. Thus, greed is being detected on the majority while it's possible to sell at just keep the profit and win by that time, they're letting it pass because of the thought that the profit might be higher if they wait a little bit longer. Yes, that's possible but for how long? Years? or just a few days or just a few hours? Do not forget to satisfy yourself and take that profit.

You know it’s hard to satisfy oneself and not wanting more because we are born greedy and hence, without satisfaction. And if greedy people decide to trade, it will be a struggle for them fighting their own greed and emotions. That’s the reality, but despite it, there are still good number of traders who have overcome that and end up trading successfully. Aside from controlling its greed and emotions, patience also matter so you can perfectly trade your coins at its best and reasonable price.

Greediness is the main reason why many traders fail because such feeling will now be controlling their minds and usually makes decisions wrongly. Indeed, controlling such emotion is the key to success but unfortunately, it becomes a challenge for them that is why, despite the fact that they are trying to do it, they still fall into such things from time to time until they give up. That is why for so many traders that have been in the crypto space, only a few heading in the right direction and succeed while many had gone failing.

While it is necessary to acknowledge the feeling that may have made one trade recklessly, let's not forget that adherence to some simple rules or tricks that have been discovered by expert traders would be helpful.

One of those tips is the one of using multiple time zones/frames as you would understand, inorder to ascertain the price at different zones at different time intervals. It is quite helpful once you as a starter trader get to know what to expect and the best time to trade, irrespective of your location or zone.

However caution is still always adviced until the pattern or strategy to trade best is discovered individually.

[irhact]

Sometimes waiting is profitable but if you know the fact and this is not consider as greed but on other hand when you know that price will not increase more than this then selling for getting profit is will be suited well.

Greediness in trading is when you have reached your target but refused to exit the trade and it's not because you saw more potential upside movement from the market but you're just greedy and wants to make more money from the market. We should always be satisfied with the profits we have and take profit first then if you see an upside movement, you can reenter the market. Greediness is the reason many individual has lost so much money to the market.

Greediness makes you to go against trading with caution, and when you don't trade with caution you're putting yourself at risk of losing to the market. As a trader you should always put in precautions measures so you don't lose to the market as that can be very frustrating.

[kingvirtus09]

Greed makes you try to invest more, we love money and we want to collect more of it without getting tired, it is true that we are afraid of losing it, but the passion of collecting money remains greater than the passion of losing it, so saying that the investment should not be from the money you need during the next five years is the best or that No more than a total of 10% of your net investment.

Then setting the target, I find many of my friends do not know when to sell. He says that I will sell when the bitcoin rises, but when it rises, you find him saying, Oh, I will wait a little while, perhaps the price will rise more.

Well, in that particular reason if they didn't sell when Bitcoin already kick its price value due to He/She wants to wait a little while, obviously, he doesn't notice that he is becoming greedy or where it can happen that instead of having a large income, suddenly if there is a massive dump and his income from handling Bitcoin will be reduced significantly. Where as a trader, we must be content and be satisfy on the time frame wet it up.

[shivansps]

Trading and investing are not the same thing. No matter what experience you have, what knowledge and skills to analyze, trading will always be a risky business.

Very important factors are greed, fear, psychology, the ability to control yourself, to benefit even from losses, to treat the gain of money as a valuable experience and not a loss. Many even experienced traders do not know when to exit a trade, even when there is a good gain, this is greed, it can harm
Also, one of the most important conditions is not to trade with money that you cannot lose. This can cause big problems. Also, you should not start trading without having studied the market, the state of bitcoin and the financial situation in the world.

[shivansps]

Trading is very risky and I wouldn't advice a greedy man to go into trading. Investment is easy to noture,you just have to buy your bitcoin and hodli for long without you getting worried of the price of Bitcoin pumping or dumping as long as you have plans to sell at the bull run. Trading is not the same,you have to understand the market and the strategy that will work for you to enable you make profit. If you are trading and you have a little profit of $20,this is enough don't be greedy and think that because you made $20 easily,it will be possible for you to make $150,instead you will lose $150. What I mean is that be satisfied with the little profit that you get from trading and stop trading for that day. In trading,it is either you make profit or loss.

Agree completely. Even if you have a lot of knowledge and a good understanding of the market and the economic situation in the world, as well as experience and the right environment, this may not be enough if a person is greedy and does not know how to control himself. If this happens several times, then this is normal and everyone goes through it, but if it happens all the time, then this is not good. The ability to exit a trade in time distinguishes a good trader from a bad one.

[Woodie]

I have seen the risk in trading and its noticeable that trading needs more concentration than any other thing in the cryptocurrency investment,  I know I'm knew here but after reading what investors pass through for the loss they experience in trading, I have to share this with us.

At this point I think we getting things mixed up here , as crypto investments in this space involve hodling of coins and investors have no risk of being liquidated which happens when trading with a broker!!
So not sure of what experience these investors told...

I know that trading need more seriousness and concentration because its a risk job and risk investment

You will be shocked that with bitcoin investments , you can use a simple strategy of buy and forget and by the time you be coming back after a few months or years your portfolio could have 3X or 5X or maybe even more its all about how much hype has been generated.

[petulino]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing


Learning is a continuous process

You are right that experience should be gained before investing in any platform. Crypto currency market is a volatile market where you can make good profits at any time and risk of loss is always there. Market knowledge and experience is essential before investing in the crypto currency market. Bitcoin is one of the most trusted crypto currency in the crypto currency market, but even in Bitcoin you need to be fully aware of a well-timed entry. There are many other crypto currencies in the market. In which you have to do complete research and information about them before investment, to minimize your risk of loss, because a good choice can give you a good profit. This is only possible when you have experience, knowledge and are learning about the crypto currency market.

[uswa56]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing


Learning is a continuous process

You are right that experience should be gained before investing in any platform. Crypto currency market is a volatile market where you can make good profits at any time and risk of loss is always there. Market knowledge and experience is essential before investing in the crypto currency market. Bitcoin is one of the most trusted crypto currency in the crypto currency market, but even in Bitcoin you need to be fully aware of a well-timed entry. There are many other crypto currencies in the market. In which you have to do complete research and information about them before investment, to minimize your risk of loss, because a good choice can give you a good profit. This is only possible when you have experience, knowledge and are learning about the crypto currency market.

Experience will come with time, before trading, you must be equipped with some knowledge about trading, continue to deepen this knowledge when you are already in trading, and some events that will occur out of control are commonplace because the crypto market movements are very fast and significant. so that there will be a lot of experience that will be obtained and very valuable to be used as a lesson in the future.
Whatever is done, important knowledge and also the courage to do something, we will not be able to get valuable lessons (experience) if we don't do it.

[jossiel]

That's a good advice for newbies because many of them forgets that they need to know what they're up to and what they're investing.

They need to know and at least have the idea on what type of market is this. It can be as lovely as it seems like what we're seeing but it can also be as bloody as it can get.

So, it's not always what they see from the people that are bragging their profits for being in here.

[ShowOff]

-snip-

Greediness in trading is when you have reached your target but refused to exit the trade and it's not because you saw more potential upside movement from the market but you're just greedy and wants to make more money from the market. We should always be satisfied with the profits we have and take profit first then if you see an upside movement, you can reenter the market. Greediness is the reason many individual has lost so much money to the market.

Greediness makes you to go against trading with caution, and when you don't trade with caution you're putting yourself at risk of losing to the market. As a trader you should always put in precautions measures so you don't lose to the market as that can be very frustrating.

The meaning of greed varies from merchant to merchant. I agree with your opinion that when the target has been reached, traders should immediately take profit rather than expecting a bigger profit. It was greed, of course because they had set a target. So obviously they have to be very consistent with their strategy and have to exit when the targets are met.

But when it comes to holders then I don't think they deserve to be called greedy especially long term holders. They need not give up on the plan if they still see a greater potential for more returns in the long term.

[justdimin]

The meaning of greed varies from merchant to merchant. I agree with your opinion that when the target has been reached, traders should immediately take profit rather than expecting a bigger profit. It was greed, of course because they had set a target. So obviously they have to be very consistent with their strategy and have to exit when the targets are met.

But when it comes to holders then I don't think they deserve to be called greedy especially long term holders. They need not give up on the plan if they still see a greater potential for more returns in the long term.

Considering the price went from 15k to 30k+, we could consider that greed could be a good think. If you bought at 15k and sold at 20k not to be greedy, you would have lost a 50% increase, if you sold at 25k, still same, hell even if you sold at 30k, there was another thousand dollars increase that you missed and maybe it will keep on growing more in the future? I believe that we shouldn't really consider this as a big deal, it is not really as big of a deal as you think it is.

I believe that we are at a stage where greed is good because the price might go a lot higher. There are a lot of people who end up with a return that will take some time and with halving around the corner we could go into big bull run, so keeping your coins and not selling them is still a smart choice.

[GiftedMAN]

The points you made are all correct but there are things you need to understand about traders especially the greedy ones. Most traders who encounter losses all the time are not calculative, they jump in and out of the market without considering the situation of the market at the moment before they trade. Most losses in trading do not occur as a result of greed but it does due to lack of calculation of trading timing, your inability to understand timing can lead you to zero profit because ready charts alone and knowing how to trade can't guarantee you good profit.

For traders who lose money due to greediness, most of the wants to accumulate much profit before pulling out in a trade so regardless of the profit they make they can't stop trading until everything turns to Zeo, we can't change them rather the losses and brokeness they become will change them in a harder way.

[imamusma]

The points you made are all correct but there are things you need to understand about traders especially the greedy ones. Most traders who encounter losses all the time are not calculative, they jump in and out of the market without considering the situation of the market at the moment before they trade. Most losses in trading do not occur as a result of greed but it does due to lack of calculation of trading timing, your inability to understand timing can lead you to zero profit because ready charts alone and knowing how to trade can't guarantee you good profit.

For traders who lose money due to greediness, most of the wants to accumulate much profit before pulling out in a trade so regardless of the profit they make they can't stop trading until everything turns to Zeo, we can't change them rather the losses and brokeness they become will change them in a harder way.

Every trader has a different behavior, it's basically up to them. I don't blame greed if traders really believe in the profit potential they will make, but they should exit if market conditions are not as realistic as the potential they expect. There are many examples of greed, but it definitely varies from trader to trader.

They should not gamble on price volatility, but would rather stop trading and exit when their main target has been met. Consistency in strategy is a trait of professional traders, while others will not be like them.

[Inwestour]

every trader has lost an amount before they really learn. the bigger the amount you lost the more you also want to learn to avoid the loss in that same situation. it motivates the traders who lost big time and they always want to get even by winning and making more money.

among the lesson to learn is to sell before the bear market start. learning when it will start is your assignment to do because sometimes, it can fake a bear yet it's a trap.

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

[armanda90]

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

[Captain Corporate]

Another thing that came to my mind was the fact that I am going to probably sound like a newbie but this is for newbies; you need to make sure that you do not trade a coin whose creator you do not know. Not personally or anything, not like you need to know what is their favorite food, that's not what I mean. Even if we are talking about just the name, google that name, make sure that you know if there is any bad articles about him or her. This alone gets rid of SOOOO many projects. Doesn't mean that we know who satoshi nakomoto is, doesn't mean we have seen any good or bad from Vitalik, its just about the fact that some of them already have bad names, and that alone is such a huge deal.

[Inwestour]

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Repeating the same mistakes is not very good, it is a sign that the lesson is learned poorly. The value of mistakes is to understand the reason why it happened and not repeat them again. If this cannot be ruled out, then it may be worth considering whether it is appropriate to engage in high-risk activities. And with other people's mistakes, everything is even more complicated, and besides, not all traders share their mistakes, so it is unlikely that you will be able to take into account all the nuances without your own experience.

[Silberman]

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Repeating the same mistakes is not very good, it is a sign that the lesson is learned poorly. The value of mistakes is to understand the reason why it happened and not repeat them again. If this cannot be ruled out, then it may be worth considering whether it is appropriate to engage in high-risk activities. And with other people's mistakes, everything is even more complicated, and besides, not all traders share their mistakes, so it is unlikely that you will be able to take into account all the nuances without your own experience.

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

[gabbie2010]

I have seen the risk in trading and its noticeable that trading needs more concentration than any other thing in the cryptocurrency investment,  I know I'm knew here but after reading what investors pass through for the loss they experience in trading, I have to share this with us. I know that trading need more seriousness and concentration because its a risk job and risk investment, I outline four things that make investors to lose during trading investment. However trading is a different aspect of earning money

Investment and trading are two different entities you had module up the two aspect of cryptocurrency, Firstly investment in Bitcoin requires appreciate time and period to invest in it possible during bearish run that is when it price dropped to the lowest low and based on history price pattern repeat itself thus there is the tendency that a period will come when the price will turn bullish thus appropriate period for the investor to take take profit.

1st, I will say it's as result of inappropriate of knowing the secret behind trading before joining trading

Of course this is related to trading it had been mentioned times without number to newbies that trading is very risky, there are some basic fundamental knowledge and skills required to become a successful trader if a newbie lack those knowledge such a beginner is bound to fail in trading this is based on personal experience.

2rd, inability to know price of bitcoin ratio and stage before investing

This relates to investment in Bitcoin, I mentioned earlier in my post that it is always advisable to invest during the bearish sentiment of the market where opportunity of buying low is guaranteed.

3rd, Being careless to know when due to withdraw without being greed

Yes both investors and traders should set a target for profit taken else they might ended up break-even or losses  because of high volatility of the price of Bitcoin and other cryptos once target is hit take profit and quit while waiting for another opportunity.

4rd, ability to notice that greediness can be a barrier of losing the profit you made.

Once you set target and profit taken that will absolutely take care of being greedy or better still you can trail the market with  stop loss.

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investment

Learning is a continuous process

As a newbie investor in Bitcoin it's not compulsory to study chart in other to invest a basic knowledge of the market is enough while it is a must for a newbie trader to study chart.

[Dickiy]

Repeating the same mistakes is not very good, it is a sign that the lesson is learned poorly. The value of mistakes is to understand the reason why it happened and not repeat them again. If this cannot be ruled out, then it may be worth considering whether it is appropriate to engage in high-risk activities. And with other people's mistakes, everything is even more complicated, and besides, not all traders share their mistakes, so it is unlikely that you will be able to take into account all the nuances without your own experience.

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

[crwth]

Repeating the same mistakes is not very good, it is a sign that the lesson is learned poorly. The value of mistakes is to understand the reason why it happened and not repeat them again. If this cannot be ruled out, then it may be worth considering whether it is appropriate to engage in high-risk activities. And with other people's mistakes, everything is even more complicated, and besides, not all traders share their mistakes, so it is unlikely that you will be able to take into account all the nuances without your own experience.

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

That's the thing with having a mentor, you would be guided as you are going through with trading. Novice traders definitely need those and having been able to be guided is important. But it is more important to know that you need to do something about it and continue to be consistent in what you are doing.

[Nrcewker]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

As a newbie the first concern should be how to acquire more knowledge about the crypto space. More the knowledge you have, more is the chance that you make good profits. If you have enough knowledge about the coins and about the market then definitely you can make less losses. As a newbie I would also suggest you to observe the market at first for couple of trades. See what affects the price and when the price is falling down. After a good observation when you feel confident then only trade. Also trade the amount that is not required urgently to be spent. As there is huge chance that the amount invested may result in loss.

[Russlenat]

Trading is definitely not everyone's cup of tea, especially if we talk about day trading or scalping which means that you buy and sell assets within a very short period of time to book some profits, which is what almost every single trader does when they say they are traders, you can barely find people who do long term trading like holding for a week or so so that the profit margin goes higher than the short-term trades we discussed earlier.

Having enough knowledge and experience is obviously required to become a trader or a successful trader, without enough knowledge about the market and the cryptocurrencies, and also not knowing the tools and analysis techniques will make you have a hard time trading different cryptocurrencies.

For successful trading, in addition to knowledge, you need to have good intuition. No trading tool is absolutely accurate. That is why intuition comes to the rescue. It is honed over the years, but you need to have patience. In addition, you need to have strong enough nerves to try not to take hasty actions

I guess having a good and correct intuition is a must. Knowledge and experience are powerful, but I also believe if you come up with the right intuition most often, then there will be more chances for your trades to be highly successful. Also, being patient and persistent on your goal are crucial too. You can’t be trading successfully if you don’t have the motivation to target your goal in the first place.

[Distinctin]

That 3rd statement is true and has always been the case for the majority. Just as everyone is aware that they're on the profit, they're passing it on. It's because that they're thinking that the profit might be higher than what's being seen at the moment. Thus, greed is being detected on the majority while it's possible to sell at just keep the profit and win by that time, they're letting it pass because of the thought that the profit might be higher if they wait a little bit longer. Yes, that's possible but for how long? Years? or just a few days or just a few hours? Do not forget to satisfy yourself and take that profit.

Do not forget that you are trading to experience profiting. So you should learn when to sell at its best profits. And not when you see there are profits waving for you, you just ignore it because you want bigger profits instead. That is very wrong when trading. Greed has no place in trading, at least you should know it from the beginning. Otherwise, if you can never be satisfied with small but consistent profits, then you should never be trading in the first place because it will not satisfy your hunger for profits.

[Silberman]

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

Having a mentor is without a doubt one of the best ways to avoid making mistakes you can find, however there are very few traders out there which enjoy the fortune of having a mentor, and there are many reasons for this, very few traders are profitable on the markets and even fewer can tell you why they are profitable at all, and if that was not enough there are many traders out there which do not want to teach their techniques as it took them years to refine them, so your average trader has no choice but to try to learn how to trade on their own.

[ultrloa]

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

Having mentor is without a doubt one of the best ways to avoid making mistakes you can find, however there are very few traders out there which enjoy the fortune of having a mentor, and there are many reasons for this, very few traders are profitable on the markets and even fewer can tell you why they are profitable at all, and if that was not enough there are many traders out there which do not want to teach their techniques as it took them years to refine them, so your average trader has no choice but to try to learn how to trade on their own.

You cannot get a mentor unless you can pay them for the time they spent upon teaching you or either there are one of your close relatives that willing to help you learn on how to trade correctly. If you don't have any opportunity to learn from them much better to self study about trading since experience is powerful tool for us to became a high caliber trader. So if we are in learning stage much better if just enjoy the trade flow and for sure in future our efforts will be paid off once we learn the technicalities of trading in crypto market.

[Questat]

You cannot get a mentor unless you can pay them for the time they spent upon teaching you or either there are one of your close relatives that willing to help you learn on how to trade correctly. If you don't have any opportunity to learn from them much better to self study about trading since experience is powerful tool for us to became a high caliber trader. So if we are in learning stage much better if just enjoy the trade flow and for sure in future our efforts will be paid off once we learn the technicalities of trading in crypto market.

But we must also know that trading couldn't be learned instantly. Asking for a mentor is a good option if we wanted to learn faster but yeah, we also have to pay for the services offered and they are quite expensive which is why many traders are preferred to take the self-study option although it takes a longer time. However, learning to trade is perhaps continuous because everyday trade that we experience could also contribute to learning as well. We become experts in this field not because of what we get from self-study or mentors but because we gain success due to our long trade experience.

[Peanutswar]

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.

[TimeTeller]

It is very difficult to apply the experience of another trader on yourself, I mean that it is difficult to learn from the mistakes of others, everyone thinks that they could make a better decision in the same situation. Therefore, we get experience, only when we ourselves make mistakes and lose money, this will be the best lesson to learn. No matter how carefully you try to trade, but mistakes will be inevitable, I do not know a single trader who would become successful and at the same time never lose money.

Trues, based on my experienced with how many mistake I made and always did the same mistake when trading with other coins, actually experienced is the best teacher but can't apply in cryptocurrency trading. Many time loss moment when trading exactly when is right time to buy or sell. I don't think with some trader how expert they are because mistake will be inevitable on every time, but right now I learned more from my mistake and trade in several kinds of my fund.
I don't all in my fund in single trading and spent half capital for trade on another time or recovery fund when bitcoin or altcoin going drop to lower price.

Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.

As each trade is different as the market performance of each coin varies from one to the next,
you can't apply what you have learned from your previous trade to your next trade.
But you can always keep in mind such lesson when you encounter it again.
Diversification is always advisable to get out alive in any market. You always need to think of your contingencies so as not to go bankrupt,
when one asset is on the losing side. Better think ahead rather not prepared for what's to come.

[Viscore]

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

[stomachgrowls]

Many traders do not even realize they made a mistake and the few that do refuse to acknowledge them, and with that kind of mentality then it is obvious they will not learn from their mistakes and they will keep repeating them, which is a shame as even if it is preferable to never make a mistake while we trade, this is not a realistic option, so the best we can do is to learn from our mistakes and avoid them in the future, but unfortunately something as simple as this is beyond the capabilities of many traders.

Therefore the role of a mentor or teacher is very important here, they will act as someone who will direct and educate every step that will be taken by traders, especially novice traders. I strongly feel the position that any trader who chooses to go it alone with limited knowledge is very prone to making some mistakes. They know they have suffered a loss but most of them do not realize what wrong they have done. They think it's normal and indeed all traders will experience it, but isn't it better if we do research on the various losses that we experience, the goal is clear so that we can better understand the various risks involved. trading and accompanied by a mentor at least we will know things that we should not do. Actually it is very difficult to go through this process if we are not accompanied by a professional because it is very possible for various mistakes to occur when we do it ourselves with limited knowledge.

Having mentor is without a doubt one of the best ways to avoid making mistakes you can find, however there are very few traders out there which enjoy the fortune of having a mentor, and there are many reasons for this, very few traders are profitable on the markets and even fewer can tell you why they are profitable at all, and if that was not enough there are many traders out there which do not want to teach their techniques as it took them years to refine them, so your average trader has no choice but to try to learn how to trade on their own.

You cannot get a mentor unless you can pay them for the time they spent upon teaching you or either there are one of your close relatives that willing to help you learn on how to trade correctly. If you don't have any opportunity to learn from them much better to self study about trading since experience is powerful tool for us to became a high caliber trader. So if we are in learning stage much better if just enjoy the trade flow and for sure in future our efforts will be paid off once we learn the technicalities of trading in crypto market.

There's no need for you to pay up for some mentor for you to be able to learn up trading on which you could really be able to learn up things on your own considering that all tools and necessary write ups or articles or things which you would really be needing could be seen on net, on which means it would really be just simply needing up that your effort for you to learn things up on which means that you could be having that self-learn if you do wanted and if you are really that serious on learning trading on your own without the need on spending it up because its never been that worth.

The rest of the learning could really be acquired through real experience which is something that you would really be able to gain along the way or on the time that you do make out actual trades. Mistakes and errors
are common but these are learning stones or stepping ones which you would really be making  yourself way more better and be more that aware on how this market behaves or works. Somewhat its never been
that easy on predicting prices but doesnt mean that its impossible. You are the ones who would be making out decisions basing up on what you have learned after all this time.

[jossiel]

Having mentor is without a doubt one of the best ways to avoid making mistakes you can find, however there are very few traders out there which enjoy the fortune of having a mentor, and there are many reasons for this, very few traders are profitable on the markets and even fewer can tell you why they are profitable at all, and if that was not enough there are many traders out there which do not want to teach their techniques as it took them years to refine them, so your average trader has no choice but to try to learn how to trade on their own.

Lucky are those new traders that have an active mentor that teaches them the best strategies that they've come up over their trading career.

And they're even luckier if there's no price that they can define their mentorship to them as if they're just friends and it's all good whether you'll give them something for the fee or none.

Typicall, with these mentors, they won't spend a lot of time to stay on one person if they know that they've got no money to for them. That's why they're truly lucky if they found to teach them.

[Sterbens]

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

Losses are part of trading, and it's very normal for traders to experience them, so don't be overly afraid when faced with situations that make our trades lose. As you said, the desire to grow should come when we experience losses, because it can be a big driving factor if we can turn it into a high motivation so that we are more active in learning things related to trading.
I am very sure that someone who is already a professional trader now started trading by experiencing many losses too, but they can improve from what they experienced in those losses. I have a belief that every successful person must have experienced failure.

[Patrol69]

It is very important to be careful in trading. If we are not careful about money then we will surely lose our money. Whenever we are more careful about our money we will not take any wrong decision by thinking about the decision several times before taking the wrong decision and then taking that decision. You should always know about new hawk or old hawk trading in terms of trading. There is no fixed limit to knowledge about trading as long as you have been trading. Another important factor in being successful in business is to believe in yourself and not be overly greedy. Profit and loss is a normal thing in business but business should be done in such a way that the amount of profit is more than the loss but the business is successful.

[justdimin]

Every trading we made we gain experience not all the time we win the trades this serves as a lesson to us what are the things we need to fix, another thing is if you didn't apply those mistake you made I guess you need to make changes to your self we learn from those to prevent this things might happen again use this to serve as a lesson to you so you don't repeat it again. Another thing is people keep doing a single coin holdings or making a single pot of asset if those asset falls down all of your investment goes down too ideal to separate and scattered those funds so you can still win in others if you didn't mange to get profit to those some investments.

This is why I do not "hate" losses, specially if they are not huge amounts. For my personal amount, if I made a mistake that is under 100 dollars that's good enough for me, I know that's very little for some people but for me that's just fine, if more then it is going to risky situation. Why do I not "hate" them, because I can see what I did wrong and that way I would be able to actually make a profit off it as well, that's not really all that bad and I think it is going to actually help me on the long run.

That mistake you made for a low amount could turn into a profit that you made for a big amount in the future if you learn from that mistake. This is why I believe that it is quite good to make sure I can make a good profit by learning from them.

[ultrloa]

You cannot get a mentor unless you can pay them for the time they spent upon teaching you or either there are one of your close relatives that willing to help you learn on how to trade correctly. If you don't have any opportunity to learn from them much better to self study about trading since experience is powerful tool for us to became a high caliber trader. So if we are in learning stage much better if just enjoy the trade flow and for sure in future our efforts will be paid off once we learn the technicalities of trading in crypto market.

But we must also know that trading couldn't be learned instantly. Asking for a mentor is a good option if we wanted to learn faster but yeah, we also have to pay for the services offered and they are quite expensive which is why many traders are preferred to take the self-study option although it takes a longer time. However, learning to trade is perhaps continuous because everyday trade that we experience could also contribute to learning as well. We become experts in this field not because of what we get from self-study or mentors but because we gain success due to our long trade experience.

No instant on any aspects in life so we need to deal with reality and not everyone is capable to hire a mentor since somehow its quit expensive if you want to hire a legit one that can teach you until you learn. If you don't have any capabilities since you only have enough money to spend on your trading so self study is really needed and we can learn those skills thru experience we encounter and also to the other who experiences heavy lose from their bad trades. We just need to be cautious and have critical thinking so that we will not get fooled by scammers and do good trades in the market.

[AakZaki]

It is very important to be careful in trading. If we are not careful about money then we will surely lose our money. Whenever we are more careful about our money we will not take any wrong decision by thinking about the decision several times before taking the wrong decision and then taking that decision. You should always know about new hawk or old hawk trading in terms of trading. There is no fixed limit to knowledge about trading as long as you have been trading. Another important factor in being successful in business is to believe in yourself and not be overly greedy. Profit and loss is a normal thing in business but business should be done in such a way that the amount of profit is more than the loss but the business is successful.

The self-confidence factor must also be balanced with good knowledge about trading. Don't rely on yourself when you don't know what to do. it will only give you a loss because you are only making guesses without any analysis. Profits and losses are natural, but if you experience losses because you don't understand anything, that's stupidity and if you keep winning, it's just luck.

[petulino]

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

It is rightly said that trading is not that easy, it is necessary to have good experience. A trader with good experience and market knowledge can do good trading. We need to continuously learn and never ignore our mistakes. If our trade ever goes wrong, we should consider where we went wrong. Sometimes even due to some bad news, our estimates go wrong, but sometimes due to our own mistake, we have to suffer. You should continue your knowledge and research about the market and news also has a big impact on this market so you should keep yourself informed about the news. Choosing good coins for trading is also very important so that we can improve our trading.

[TheUltraElite]

The self-confidence factor must also be balanced with good knowledge about trading. Don't rely on yourself when you don't know what to do. it will only give you a loss because you are only making guesses without any analysis. Profits and losses are natural, but if you experience losses because you don't understand anything, that's stupidity and if you keep winning, it's just luck.

I rarely see traders keep winning, implying that they are continuously winning money, its more like they are profiting and losing but the newt amount is positive. Luck is not the full reason here, skills do apply as long as we keep ourselves limited to "spot" trading which is the trading method. Anything other than spot trading is a gambling and entering those increases your risk just like EV- gambling.

Eventually a trader understand how the spot market works and how to take advantage of market movements.

[Natalim]

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

Losses are part of trading, and it's very normal for traders to experience them, so don't be overly afraid when faced with situations that make our trades lose. As you said, the desire to grow should come when we experience losses, because it can be a big driving factor if we can turn it into a high motivation so that we are more active in learning things related to trading.
I am very sure that someone who is already a professional trader now started trading by experiencing many losses too, but they can improve from what they experienced in those losses. I have a belief that every successful person must have experienced failure.

Being afraid is a hindrance to our success and if we want to reach our goal, we are also reading to take the risk and experience losses if possible. Pro traders don't reach their position without suffering losses and it is because they started from being newbies and less knowledge. In fact, even though they are in a position right now, I couldn't think that they are making themselves easily but still cautious with their actions and market decisions because they practice becoming more careful despite that they already have knowledge and experience.

[Smartvirus]

Trading the crypto market is the one place where you can try any reckless or unexamined moves because, it’s money your playing around with in a market filled with both professionals and those that trades for themselves, all with many years of experience haven’t been hooked up on trading for so long.

You don’t become better by trading the market once, you get to practice and lots of it, try your over time developed skills and see how it works with you. It’s a good thing there are lots of resources out there to research with and align yourself to what is obtainable but, never feel too all knowing to trade the market without proper analysis and exercise caution about the level of leverage you use.

[ancafe]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Greed and big lust to get big profits in a short time without knowledge will lead someone to the gates of destruction. Trading requires complete knowledge, mental, master the market and other technical matters. One can learn directly how to trade properly, but involvement in it must be adjusted to a smaller amount. Trading is not always profitable and there are times when you will run into losses and psychology will come into play when this happens.

But you also have to be able to distinguish between trading and investing, because both have differences. How is it possible for people to be involved in trading when the differences between the two cannot be distinguished, because I see you are mixing trade with investment in one discussion in this thread.

Learning is a continuous process

By learning and direct practice we will gain knowledge, so never stop for both.

[Comingdown]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

Greed and big lust to get big profits in a short time without knowledge will lead someone to the gates of destruction. Trading requires complete knowledge, mental, master the market and other technical matters. One can learn directly how to trade properly, but involvement in it must be adjusted to a smaller amount. Trading is not always profitable and there are times when you will run into losses and psychology will come into play when this happens.

But you also have to be able to distinguish between trading and investing, because both have differences. How is it possible for people to be involved in trading when the differences between the two cannot be distinguished, because I see you are mixing trade with investment in one discussion in this thread.

Learning is a continuous process

By learning and direct practice we will gain knowledge, so never stop for both.

I couldn't agree more, the term investing and trading are being used interchangeably. But what makes this two similar to each other is that both requires a calculated move. So before you invest or trade, make sure that you are knowledgeable enough before you get yourself involve in such things.

Just to add on this, based on my experience, trading is more risky than investing. In actual fact, trading is more sensitive in fluctuations and most likely to be affected by it.

[KaizenJujustsu]

It is very important to be careful in trading. If we are not careful about money then we will surely lose our money. Whenever we are more careful about our money we will not take any wrong decision by thinking about the decision several times before taking the wrong decision and then taking that decision. You should always know about new hawk or old hawk trading in terms of trading. There is no fixed limit to knowledge about trading as long as you have been trading. Another important factor in being successful in business is to believe in yourself and not be overly greedy. Profit and loss is a normal thing in business but business should be done in such a way that the amount of profit is more than the loss but the business is successful.

The self-confidence factor must also be balanced with good knowledge about trading. Don't rely on yourself when you don't know what to do. it will only give you a loss because you are only making guesses without any analysis. Profits and losses are natural, but if you experience losses because you don't understand anything, that's stupidity and if you keep winning, it's just luck.

Yeah, I agree with this. I had the experience with this just when I was newly exposed to crypto trading, out of FOMO, randomly buying coins without any basis only pure luck, and I can assure you, it will never go well.

The best thing to do is invest first in knowledge. It is hard to win over something we don't fully understand, and we will never overcome all those barriers in trading if we do not have the capacity to learn. At the end of the day, we are in charge of our own destiny in trading, either we will benefit from it or give us drawbacks.

[mvdheuvel1983]

As newbie I'm of a suggestion that it's good to advocate time to learn bitcoin and its chart of market before investing in any part of cryptocurrency investment and bitcoin, as a new investors that want to make profit and don't want to experience losses in investment, we should know the values of coins either altcoins and otherwise before investing

It is good that newbies should have mentors , successful traders and not just anyone that they can big with their questions, confusions and frustrations about trading. This one above all should not be ignored. A newbie trader is like a lion cub without the pride, the cub wouldn't survive 2 days in the jungle. As a follow up to this, newbies should join trading communities with other traders but they should be extremely cautious and vet each of those groups thoroughly. They should immediately exit them of they smell a scam.

[Rengga Jati]

Learning is constant in trading. Educate yourself continuously and learn from every mistake you gained from trading, that way you will surely grow and progress in your trading career. Also, know that every trader has its own fair share of losses and as long as you never end up quitting and continue to take risk in trading, and you keep on trading with caution, then experience will make a you better and successful trader in the end. Just trust the process as everything in trading can be learned and mastered.

Yes, as long as they have good management and are not in a hurry, in fact, through a learning by doing process, a trader should be able to trade better every day. Not only do you want quick success, but you also have to really go through the right process, trying to evaluate every time you trade, whether it's a loss or profit. Because of this evaluation, you can start to discover your trading method, strategy and also some of the factors that influence it. But unfortunately, sometimes a newbie doesn't want to do that more consistently by taking every step of the trade carefully. Because sometimes they expect too much from trading, and behind that, they don't want to lose at all. You also have to be really strong mentally when trading, because trading is high risk, it really tests our mentality and emotions in it. Emotional and mental management is needed so that we remain sane and wise in making all decisions.

[ancafe]

I couldn't agree more, the term investing and trading are being used interchangeably. But what makes this two similar to each other is that both requires a calculated move. So before you invest or trade, make sure that you are knowledgeable enough before you get yourself involve in such things.

Just to add on this, based on my experience, trading is more risky than investing. In actual fact, trading is more sensitive in fluctuations and most likely to be affected by it.

Calculations and strategies are needed in doing both, trading cannot always produce profits and there are times when we experience losses. One can slowly practice for trading skills and hands on involvement will also give experience every time to do so and to avoid big risks it is best to trade small amounts as a measure to avoid big losses as a beginner. So that it doesn't affect psychologically and you can learn to have experience with the appropriate type of trading.

Fixed investment has a level of risk that is incurred, but has a way to maximize it and when someone does not have the ability to see potential market movements in a short time then investment is more suitable, while trading is much riskier and that's why not many people are suitable for trading if have no knowledge.