For newbies and plebs who want to self-study to become "traders"

[Wind_FURY]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

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[Dictator69]

True, there is a saying for it as "All that glitters is not gold" i have read many stories in my school and childhood life. Still observing many events like these where big or promising projects, represent them as the best investments projects but instead they just luring you into phishing scams.

I totally agree with you and will always remain care full, i have seen many examples, like the recent one. SCAM or not ?. we should all remained careful either we are newbie or not because human mind is full of feelings and once a human mind falls for some phishing scheme it become difficult to get out of it. So best practice is not to look at such schemes and always do proper research.

[Oshosondy]

I have been trading for some years now, I check my net profit and loss, I still lose more than I win on most exchanges that I am using, except only one which is Huobi global which I still have profit, all other exchanges that I am using, I lose more than win. This has nothing to do with the exchanges, but it is just what happened to me.

According to one research in the past, Among 100% of traders, many of them changed to swing trading and holding after they have lost money and they continue to lose in scalping and day trading. Traders that are married prefer to trade with little amount of money that they can afford to lose. Some traders, especially those that are not married and have no responsibilities yet continue to trade with high amount of money and lose, while only few traders like 5% out if 100% that are making profit from trading.

It is good to be patient, holding could be better. Holding could be better.

[Wiwo]

Trading is like gambling most especially future trading and swing trades that could wipe off your entire balance,  and what I do as newbie trader back then was to trade only in stable coins like USTD so that I can be safe if the market goes against my liquidation,  take for instance,  if you trade in coins that are unstable in price,  their market actions and reactions could affect the amount you hold as an asset and if the trade goes against you at the same time then you lose becomes double and that could mean more loses for the traders.,  but that is when trading in manual ways.

On the topic of trading guides,  books,  and articles,  my thought on them is that reading and depending on them can only help you to gain some experience from the writer's own experiences which could differ from your own overall experience and also more so that,  you tend to increase your chances of getting misleading information relying on the tips being offered by those so-called expert writer's because some of them lack the practical experience since they only write to make sells from the writer of the book than being involved in the practice of what is written in their books.

I can't afford to risk my Bitcoin in trading and if I have to trade then it must be with USTD because for me my Bitcoin is solely for holding for long terms.

[Wind_FURY]

Trading is like gambling

It IS actual gambling, especially for us plebs. I don't care what "skill arguments and justifications" many people post because if there's any possibility that we'll lose money in something, then it's a gamble.

Having said that, even starting a business is a gamble, and a leveraged gamble at that if you, as the entrepreneur, are using borrowed/loaned money.

[UchihaSarada]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

They can be lecturers at universities, can be professors and have deep knowledge about trading but if they trade, they might not be winners. Between theory and reality, practice are very different and they can not trade successfully if they only apply knowledge but can not control their emotion.

Books if don't have advice about investment is safer than trading, are not worth to read.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

If traders buy books, authors receive money and it's good for them. If traders register their accounts by referral links from their trading teachers, signal group owners, those guys will get money from referral money.

Traders lose or win, who care?

[abel1337]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Just like financial advisors who are selling their knowledge to someone. To be honest I think it is still helpful to read those books, articles and videos but it should at less or zero cost to you. There's no perfect way to execute a perfect trade on trading, everything comes with experience to deal with situational happenings. Though I think it is ok to start up with reading those materials as a boost in learning how to trade given that those materials is sorted with the important parts to learn about trading. Though never expect to make millions by just following it.

[GeorgeJohn]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

I don't think experience people that deals with investment do pay attention on those kind of investment proposals through Internet or in any social media, what us to understand over these points of yours, is that it's the newbies and people who is not aware of scam that always be a victim of this fraud or scam from my perspective, because they always be inquisitive to give any funking information they come across on social media and Internet a trial, so an experience person won't be a victim of it.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

It's necessary that a trader most experience lose in one of it's trade, and if a trader loses and find out the area that lead he or her to lose I think it will to try for the second time, if its a legitimate platform I think giving a second trial to the same platform you might have noted your observations of what triggers the first lose. When you learn and know the key of trading and observe your lapses in your previous participation in trading, you should be able to know where the loophole come from in the previous trade, secondly what makes people to be curious to go for a second trial is they want to recover the one they have already lose, so I think that a trader should trade with what it can afford to lose without thinking of recovering the one it lost already, when such mindsets enters into a trader that is when what you narrated will happen to the trader.

[pooya87]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

This is so true.

Another way of scamming people is to create a lot of "signals" regularly and these scammers use social media (eg. twitter or telegram). Basically they buy a shitcoin then start advertising it as a "good shitcoin to buy" so that after others bought it and price went up, they could dump it and make profit while others bag-hold and lose money.
They are easy to recognize too because if anybody had a "good signal" they wouldn't be giving it away for free or even for money. They'd invest themselves and make a lot of money.

[isaac_clarke22]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Or just for content fillers to get their sponsorship get through . No one will tell ya how to be rich in trading, or simply put it no one will tell ya how to get rich at all.

I am one of those people that "learned their lesson the hard way and just HODL Bitcoin". It's just not worth investing my mental health in keeping up with my trades daily especially that what I was doing was merely day trading. What I earned? Lesson and experience.   I still learned quite few technical stuffs like Bollinger Band and RSI though.

It's perfectly fine if trading isn't working out for ya. Trading is not for everyone.

[michellee]

Be careful is the most appropriate advice in trading or investing and study it in more detail before you decide that you don't lose a lot of money. But even if later you experience losing money, you should not give up because it is a learning process and everyone experiences it too. You still have to learn more so you can succeed.

And if you still feel that trading is too hard for you, you can hold your Bitcoins and not trade and just buy Bitcoins regularly. That will reduce the risk of losing money trading because you are not buying and selling and just buying to keep to your desired limit.

If you are already successful in trading, don't assume you are an expert because there are more experts in trading but they don't call themselves experts and keep learning. Remember that crypto trading is always changing so you should keep learning more.

[Beparanf]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Most of the trading book materials is not teaching specific strategies but rather the proper use of indicators for your own strategy. They sometimes give their personal experience on the application of the tools they are discussing but it doesn’t mean that they are teaching a specific guide to have a successful trading.

I don’t read a lot of trading books but the one I read and learned trading only guides reader how to properly trade by use of the trading tools and guide on how to come a working strategy for your trade.

[Flexystar]

Yeah right on the point I like it. You just made a good point about all these scammers. Yes they are scammers because they would just use the weak points of the others for their own gain. In trading world the weak point is money, people being hungry about the knowledge and people being hungry about the quick money earning tips. Mostly the YouTube’s channel work in this manner. They will sell what’s really needed by weakness and not by what’s actually needed to remove that weakness. It’s like showing the world a good life, leisure time and what not to attract but there is nothing on the other side. So definitely be careful about such books and channels.

[Nrcewker]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

The ones who don’t have skills, they become advisors, as giving advises are easy but fulfilling it requires knowledge and skills. For them this is the source of income and they master the art of convincing. If you are a newbie trader then always do research yourself on the coin and market where you investing. Set a budget for investment and don’t greed for more profits.

[Hamphser]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

You wont really be having that continuous lose if you are really just that sensible or mindful on what you are doing because if you do see that the things that you've been reading up arent really that effective nor working

then it would really be just that normal or having the common sense that you would really be needing to adjust on whatever things that supposed to be done because it would really be just that normal that you
would really be making adjustments and would really be having that trial and error thing and wont really be sticking on something that doesnt work. It is really just dumb that you would
really be making yourself fully rely with those ebooks and trying out to strictly follow even if you do see that it does give out that kind of bad results.

It is really just that right that you would really be making out adjustments if you do see that it is really that causing more losses.Its true that when it comes to self learn
then lots of things that we should really be doing and this is why trial and error would really be that relevant.

[Frankolala]

Trading is like gambling

It IS actual gambling, especially for us plebs. I don't care what "skill arguments and justifications" many people post because if there's any possibility that we'll lose money in something, then it's a gamble.

Having said that, even starting a business is a gamble, and a leveraged gamble at that if you, as the entrepreneur, are using borrowed/loaned money.

New business is gambling because one hasn't have the experience of the market challenge and you will not be fully prepared for the risk. Trading is gambling and only few traders make success in trading just the way gamble is. In trading one with always loss more than he gains. When you trade is like you are chasing shadows instead of hodli to make big profit.

Newbies think trading is profitable and they rush into it without know the risk involved in it for professional traders,talk more of the newbies.What I have understand in bitcoin investment,it is better that you cherish your coins and keep hodli than you get greedy and gamble them off,think that you want to make profit with your coins.

[wxa7115]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

This is very common when it comes to trading books, it seems that no one really takes the time to make a quick search about the person behind the book and see if they are actually famous traders which have earned a lot of money from the markets.

However there are a few books actually written by expert traders, with the best of them being the ones written by the creators of a famous indicator, after all who can teach you how to properly use the Bollinger Bands better than a book written by John Bollinger himself?

[Strongkored]

That's also what people who have paid signal channels do, they do this because they understand how difficult it is to keep our trading results at a surplus, so the way to do this is by selling signals, which, even though it's very rare, successful traders will bother wasting their time doing analysis and selling the results of their analysis, and they will try to attract people by showing their trading success, while we can never know how much he has actually lost.
Hold is better but only for bitcoin while the altcoins are really bad because many of these coins will end up in ashes, like the coins in my wallet just become trash because they have no value even though they can be sold but they don't cover network fees.

[jeraldskie11]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

This is something I agree with. Even individuals who are not the book's author endorse and selling it to newcomers. There are mentors out there who may be selling books or PDFs of the strategy he learnt from YouTube or others. After that, they simply leave the newcomers in the air and let them figure out trade on their own. If that's the type of mentorship you're looking for, I'd advise you to avoid it. You must learn to choose intelligently if it is truly worth it in order to avoid wasting your time and money.

[beerlover]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

This is so true.

Another way of scamming people is to create a lot of "signals" regularly and these scammers use social media (eg. twitter or telegram). Basically they buy a shitcoin then start advertising it as a "good shitcoin to buy" so that after others bought it and price went up, they could dump it and make profit while others bag-hold and lose money.
They are easy to recognize too because if anybody had a "good signal" they wouldn't be giving it away for free or even for money. They'd invest themselves and make a lot of money.

That is such a sad thing but it is very true that they make a lot of money that way. I mean they end up just using fake signals, just signals based on some indicators that mean nothing which people can do themselves as well, and then they hope that those indicators hit. I have seen people who even delete their old stuff without shame, and if anyone catches them, they just delete those responses as well.

I really find this disturbing because these people are scammers and we have absolutely no way of stopping them because there will be a lot of people who will fall victim to these people. We should have some "influencer hell" type of list where we list all kinds of terrible people who share these stuff and tell people to avoid them.

[sysoe]

They’re just trying to sell us their snake oil and make us believe we can get rich quick. Trading is definitely not for everyone. 99% who try will lose, so don't donate your hard-earned money to the 1% who know what they're doing. HODL!

[Wind_FURY]

Trading is like gambling

It IS actual gambling, especially for us plebs. I don't care what "skill arguments and justifications" many people post because if there's any possibility that we'll lose money in something, then it's a gamble.

Having said that, even starting a business is a gamble, and a leveraged gamble at that if you, as the entrepreneur, are using borrowed/loaned money.

New business is gambling because one hasn't have the experience of the market challenge and you will not be fully prepared for the risk. Trading is gambling and only few traders make success in trading just the way gamble is. In trading one with always loss more than he gains. When you trade is like you are chasing shadows instead of hodli to make big profit.

Newbies think trading is profitable and they rush into it without know the risk involved in it for professional traders,talk more of the newbies.What I have understand in bitcoin investment,it is better that you cherish your coins and keep hodli than you get greedy and gamble them off,think that you want to make profit with your coins.

No, the point is more like, to start a business you need to borrow money, and to borrow money you need to have something as collateral as an assurance for the borrower, with you knowing that you might lose the collateral if your business fails. That's the gamble, and the probability of success for any new business is only 25% to live for 15 years. 75% of new businesses fail within 15 years.

[Mpamaegbu]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

With the few years of experience I've garnered in trading, I'm of the opinion that those who jump up and down on social media brandishing one paid signal group, articles, books or the other aren't actually profitable. They're mere marketers. Those who trade for a living don't have time for such unnecessary involvement on daily basis.

Talking about those who think they can be self sufficient by solely learning on their own, my word to them is that they will easily and quickly burn out. In trading, no man is an island on his own. We need the knowledge of others to know where we truly stand. Cross fertilization of ideas is needed to help proper one further in life, trading especially.

[tbct_mt2]

With the few years of experience I've garnered in trading, I'm of the opinion that those who jump up and down on social media brandishing one paid signal group, articles, books or the other aren't actually profitable. They're mere marketers. Those who trade for a living don't have time for such unnecessary involvement on daily basis.

Talking about those who think they can be self sufficient by solely learning on their own, my word to them is that they will easily and quickly burn out. In trading, no man is an island on his own. We need the knowledge of others to know where we truly stand. Cross fertilization of ideas is needed to help proper one further in life, trading especially.

They can learn from books, trading courses, videos, signal groups and can learn from warnings such as this topic. Unfortunately, learning by reading is not enough, never enough. They must experience with real trading practice which will help them to test knowledge they learn, test themselves including their deeply inside personal characteristics.

Hopefully they won't be burned out before they learn enough and practice enough in this risky market. If they survive, they will have good future because where there are risks, there are great opportunities.

That is such a sad thing but it is very true that they make a lot of money that way. I mean they end up just using fake signals, just signals based on some indicators that mean nothing which people can do themselves as well, and then they hope that those indicators hit.

It is necessary part for their adventure in cryptocurrency market as traders or investors. They can not mature in this market without such challenge.

I have seen people who even delete their old stuff without shame, and if anyone catches them, they just delete those responses as well.

Not only about deleting failed trading signals. If you notice on Twitter, now X, there are influencing accounts which have habits of spreading fud but later will return to delete their tweets.

[Mpamaegbu]

~

Unfortunately, learning by reading is not enough, never enough. They must experience with real trading practice which will help them to test knowledge they learn, test themselves including their deeply inside personal characteristics.

Exactly the point I buttressed there. Reading and all that are mere theories. Trading is essentially practical, not theory. This is why most people who talk about trading with all the razzmatazz never get to excel making profit because they don't have a good handle on trading. It's like a medical doctor who's good at book work but never gets to perform surgeries. His mindset won't be like one who has been performing surgeries all years. This is why I criticize those who think trading is a shortcut to making it big. It's never. It requires practical hardwork and patience.

[carlfebz2]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

With the few years of experience I've garnered in trading, I'm of the opinion that those who jump up and down on social media brandishing one paid signal group, articles, books or the other aren't actually profitable. They're mere marketers. Those who trade for a living don't have time for such unnecessary involvement on daily basis.

Talking about those who think they can be self sufficient by solely learning on their own, my word to them is that they will easily and quickly burn out. In trading, no man is an island on his own. We need the knowledge of others to know where we truly stand. Cross fertilization of ideas is needed to help proper one further in life, trading especially.

Yes, this is on point on which usually those videos and offerings that could be seen online are to those people who doesnt trade at all.Just like on what you have said that true traders wont really be having the time

on marketing out neither of their ebooks and there methods and ways of their trading just to get some peanut amounts? There's no much sense on doing so and this is why it would really be better that you should
really be thinking up sensibly on how things should really be that taken. Dont easily believe with those claims because if those things actually works then we do really believe that it would really be that
shown or would be shared out on how its been done? I dont think so. This is why thinking up sensibly and realistically would be the key, you cant really just make yourself that easily believe
that they would really be that working and precise or would really be that accurate.

Self study would be enough and lots of resources on which you could really make use and learn for yourself.Persevere and be serious if you do really have that kind of aim.

[Cryptomultiplier]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

The ones who don’t have skills, they become advisors, as giving advises are easy but fulfilling it requires knowledge and skills. For them this is the source of income and they master the art of convincing. If you are a newbie trader then always do research yourself on the coin and market where you investing. Set a budget for investment and don’t greed for more profits.

I must say those who make contents about trading only do well to educate rather than tell one what to do.
To become successful at trading, one requires a mentor who has tried trading and understands the basics at least.  

To HoDL is always the best way to keep good funds aside to trade with once the right knowledge has been gained.  
In the meantime, anyone looking to trade should first consider having the theories and seek ways to try the practical, hence why the online videos is necessary, so as to be able to distinguish legit information from scams, upon personal research.

[boyptc]

That's actually the truth.

Only a few from these influencers are real traders and doing their thing. They only show their wins and not their losses. But the majority of them are salesman and they're good at it honestly.

Because they're able to make attractive videos telling about how good their programs are and how many they're teaching currently. You'll be enticed with it but as said, it's always best to just HODL your Bitcoins.

[nelson4lov]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

This has been the norm for a long time. I know a lot of self-acclaimed expert traders who primarily make their money from users subscribing to their signal service or enrolling programs. If majority of the trading learning resources (video, article, etc) are from traders who aren't profitable, it becomes a problem for newbies to learn since they would be unprofitable as well when they eventually put the trading skills to practice.

Biggest question iis findimg quality trading resources.

[adaseb]

What he says is the truth. Many that write those books and have those seminars aren’t good traders at all. If they were they would trade instead of wasting their time with writing books and having seminars. However there is no law which states that you must be a successful trader to promote seminars and charge people $10K for a course where they can find the stuff for free pretty much.

And he is correct saying most will lose money. Trading is hard and it’s why many give up after a few months or years. If it was easy then most people would trade instead of working some boring job.

[Finestream]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

True indeed. What we see and read in the internet are sometimes the irony in reality. That's the reason why reading and listening to influencers alone are not a guarantee that you are doing trading the right way. Instead, trade on your own so you can gain experience on how to adjust with the different market events and scenarios that will help you become a professional and reliable trader. In the end, trading does not matter how good or how skillful you are, but on how you cope up with the changeable market and be patient to wait for the right time to trade.

[worle1bm]

Right they are selling books as a business to earn profits and also these are limited to theoretical knowledge but the practical application have different results according to the market situations so every reader needs to be careful when reading these study materials to avoid any misunderstanding later on.You trade and learn from actual experience when you jump into it.

[Gallar]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

people who are looking to profit through such things, there must be. But I don't think it's wrong. Because like many YouTubers who create video content by explaining the procedures for trading in crypto, teaching analytical techniques and other techniques, such as sentimental and fundamental. As far as I have learned so far, I feel that the majority of these YouTubers always provide knowledge about crypto that is real and indeed very useful when used for trading. Because I also learned a lot about crypto trading, namely through videos on YouTube. So I can argue like that, because I've tried it.

So as to your perception of crypto learning book maker or video maker, I don't know that. But what is clear and most important, the knowledge provided by the maker of the video or the maker of the book, is true knowledge about trading in crypto. I have no problem with the maker's background.

And I'm sure, people who have the courage to write books or make videos that contain content about investment or crypto trading. This means that this person can be said to be an experienced person and an expert in that field (crypto).

[ultrloa]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Although they might not be a winning trader but still their experience on their trades is somehow helpful to new traders since they can make this as a basis on their potential trades. And its up to them if they follow or not as long as they do another research to verify that what information they read is really good to follow. Not every trader lose on their trades that's why learning new information everyday is needed if you want to be a bullish trader.

[tbct_mt2]

What he says is the truth. Many that write those books and have those seminars aren’t good traders at all. If they were they would trade instead of wasting their time with writing books and having seminars.

They can be successful traders and still write books, host seminars if they love those activities but very few people fall into that group. You are right that most of people who host trading learning courses are not successful traders. Most of them are not successful traders and host courses to get money.

It is important to say if they are successful traders, and you learn from them, it won't guarantee that you will become successful traders like them.

And he is correct saying most will lose money. Trading is hard and it’s why many give up after a few months or years. If it was easy then most people would trade instead of working some boring job.

Investing will require less time and effort if you pick a good one. After that, just buying, accumulating and holding till a day and price you want to take profit.

[Dr.Bitcoin_Strange]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

That's just the fact you have put out @Wind_FURY. I remember that a few members here have also talked about those trading contents that are being sold online, as the experience of most traders only suggests that those contents are not to be relied upon in order to become successful traders. Another one I talk more often about is those YouTube content creators who are making series of videos with eye-catching titles like, "Learn to Earn $1000 Every Week Trading Crypto" or "Beginers Guide to Earning $100 Every Day in Crypto Trading." There are a lot of related titles like that, and most of those videos are just sh*t. You, dear, do not just believe in everything most of those guys say on those videos; otherwise, the traders will just lose money. The truth is that those who watch, like, comment on, share, and subscribe to their channel are just making them make more money from their channels than they do in real trading.

[Wind_FURY]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

This has been the norm for a long time. I know a lot of self-acclaimed expert traders who primarily make their money from users subscribing to their signal service or enrolling programs. If majority of the trading learning resources (video, article, etc) are from traders who aren't profitable, it becomes a problem for newbies to learn since they would be unprofitable as well when they eventually put the trading skills to practice.

Biggest question iis findimg quality trading resources.

For under-capitalized plebs like many of us are, you won't have to find quality "trading resources". It would be a waste of our already limited capital. The best use for it is merely to buy the Bitcoin DIP, and HODLing it as a store of value, then DCA any additional capital that you earn.

Plus instead of wasting your time in trading, just find a job, a second job, or other ways to earn extra money.

[hugeblack]

I agree with you, writing advice is easy and marketing it has become more important than being useful. Therefore, trading is one of the activities that requires the user to perform it in a practical way, forming his experience and then starting to learn. It is true that you will lose, but with the passage of days you will turn your loss into success. If you cannot change your behavior so that your losses are below average then trading may not be good for you but reading more books will not change the fact that trading is more empirical work than theoretical philosophy.

[skarais]

I agree with you, writing advice is easy and marketing it has become more important than being useful. Therefore, trading is one of the activities that requires the user to perform it in a practical way, forming his experience and then starting to learn. It is true that you will lose, but with the passage of days you will turn your loss into success. If you cannot change your behavior so that your losses are below average then trading may not be good for you but reading more books will not change the fact that trading is more empirical work than theoretical philosophy.

Trading is an activity with a high risk of loss, so of course a trader must have good skills if they want to make a profit. After all it is true that something can be said more easily than put into practice, it includes a shared strategy.

Traders should learn from experience, it will help them grow and achieve success. Then from that, I also think a trader must not only have experience and expertise, but they also need to have good psychology when dealing with market volatility. Learning from mistakes is a good way to build a good experience, but if they fall into the same hole it means they shouldn't trade, but it might be good to be a holder.

[Bananington]

My advice - BE CAREFUL

This is real and very good advice that you have given.

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs

Because it is really easy to get carried away and forget to consider that this people may actually be making money from what they sell than from trading itself. I have seen many videos and materials from tutors who spend minutes talking about something when they can actually just go straight to the point. Some make many episodes, just so they can get viewers to spend more time watching them, making more money off viewers.

Plus "as traders", most of you will lose money and leave.

If you lose money and leave then you were never really prepared for trading because you should have known.

[o48o]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Most of the people claiming they are winning traders are not. They are removing their losses from any feed etc. You can find out what kind of traders influencers truly are from tradingview.

In there you can't remove your bad calls. Everything stays in your history after you publish them, even the embarrassing fails. In there you can see that most loudest and proudest are failing all the time. Just like people who are getting relatively good results.

After spending a while to find a good trader and even when following it, it gets pretty clear why you need a such thing as a stop limit. Because traders are wrong a lot more then they would like to admit.

[nelson4lov]

~Snipped

~Snipped

For under-capitalized plebs like many of us are, you won't have to find quality "trading resources". It would be a waste of our already limited capital. The best use for it is merely to buy the Bitcoin DIP, and HODLing it as a store of value, then DCA any additional capital that you earn.

Plus instead of wasting your time in trading, just find a job, a second job, or other ways to earn extra money.

you just hit the nail on the head. I appreciate your honest response to my question. I do know that not having a stable source of income while relying 100% on trading profits might not be the way to go for most people and it might mess up trading psychology since a new trader would have to choose between their empty stomach and withdrawing a part of their trading capital every time to survive. This isn't the ideal way to go.

I do have some concerns: 

Plus instead of wasting your time in trading, just find a job, a second job, or other ways to earn extra money.

Someone with a stable source of income might just want a trading career or has a passion for trading and numbers. This wouldn't apply to them?

[Sanitough]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

It’s a sad reality that some people are even making a business out on innocent people and see them believing that what they have read or seen are actually the best ways to make profitable trades. But in reality, those influencers are not actually profiting from trading but since it’s their own way to sustain their income and make a living, then we cannot also blame them for that. The reason why we don’t need to trust easily whatever we read in an article or seen in the video as it could be misleading in real life.

[Maslate]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Or just for content fillers to get their sponsorship get through . No one will tell ya how to be rich in trading, or simply put it no one will tell ya how to get rich at all.

I am one of those people that "learned their lesson the hard way and just HODL Bitcoin". It's just not worth investing my mental health in keeping up with my trades daily especially that what I was doing was merely day trading. What I earned? Lesson and experience.   I still learned quite few technical stuffs like Bollinger Band and RSI though.

It's perfectly fine if trading isn't working out for ya. Trading is not for everyone.

And even if there are people who will always claim that trading can make someone instantly rich, well it’s still not a guarantee since trading is unpredictable and even if you have the skills and working strategies, you are still not excuse from committing inevitable losses. That’s why some end up quitting for good and just settle on bitcoin hodling where they can still make profits without risking that much.

[Japinat]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Trading does not guarantee profitability in reality. But if you know how to deal with its market unpredictability, then eventually you will get to trade and be profitable on your trades. Those who exert a lot and make tremendous effort will actually end up winning while those who just rely from merely reading and watching trading videos, it’s still uncertain for them if they can survive the risk in trading.

[kamvreto]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Trading does not guarantee profitability in reality. But if you know how to deal with its market unpredictability, then eventually you will get to trade and be profitable on your trades. Those who exert a lot and make tremendous effort will actually end up winning while those who just rely from merely reading and watching trading videos, it’s still uncertain for them if they can survive the risk in trading.

Direct trading practice is needed to be able to achieve victory, because practice will provide extraordinary experience rather than just watching trading videos which of course is just a theory. Knowing how to deal with market uncertainty gives added value so you don't panic in the face of any market conditions. Anyone can do it as long as he wants to learn and practice it. The risk will still occur, but when you know what to do, the risk can be minimized.

[Viscore]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

What we heard and see especially if it’s all about making profits can sometimes be deceiving on our part. Even those videos and articles from professional traders, those won’t still guarantee us a decent income knowing in trading, those strategies who might work for others might end up not working for us. That’s why we have to be extra careful when trading. And as much as possible, never rely for others when you trade, but trust your own knowledge and skills because trading indeed is a not a game of chance and luck but mostly a game of your mindset, skills and strategies.

[Cookdata]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

There is nothing I hate seeing like those thumbnails on Youtube videos, sometimes I think those guys that give predictions and guides about trading contribute to why newbies lost money into crypto because instead of them to be teaching the important aspect of trading, they will be busy saying things that will give them goosebumps and make their adrenaline grow over their head and when they rush and start trading without any basic knowledge and get burn, they start crying like babies.

There is another funny thing these trading guides traders do, they don't in reality trade any shit, they only hold coins and freak out the public with trade settings and hype; the Halving is on the way, just watch how they come back to hype people once again about trading guide and when they make their gain, they vamous and come back the next time there is another hype in the market.

[AicecreaME]

I agree.

However, most newbies who make profits luckily the first time will surely lose their cool and will act like they already know how trading works. So, in their next trade they will enter a big trade and lose it, so their negative emotions will kick in and do stupid things and that's where they lost their path, chasing their loses without any plan at all.

[abel1337]

I agree.

However, most newbies who make profits luckily the first time will surely lose their cool and will act like they already know how trading works. So, in their next trade they will enter a big trade and lose it, so their negative emotions will kick in and do stupid things and that's where they lost their path, chasing their loses without any plan at all.

Beginners luck! It happen commonly. Having a luck and a careful first trading decision will bring you profit but newbies underestimate the market and make loose decisions like doing a trade without their proper research. They also tend to spend more on their next trade as they are overconfident with their trade. After receiving a consistent loss, that is the time that they will realize that the market is no joke at all. This is why not everyone last long on trading because of the persistence and consistency needed on each trade.

[AnonBitCoiner]

There are large number of books which doesn't contains true information so before accepting those books first try to read three or more books and also learn by watching videos.
Although all videos and books are not trustworthy so try to find the same point in more videos and if possible then check those videos and books which are free of cost so if you get wrong information which does not matches to the reality so you money will not be used in wrong way.

You can get knowledge easily by hearing from those friends who are a part of crypto trading and then some knowledge can also be achieved through self participation in the same thing.

[Mahanton]

I agree.

However, most newbies who make profits luckily the first time will surely lose their cool and will act like they already know how trading works. So, in their next trade they will enter a big trade and lose it, so their negative emotions will kick in and do stupid things and that's where they lost their path, chasing their loses without any plan at all.

Beginners luck! It happen commonly. Having a luck and a careful first trading decision will bring you profit but newbies underestimate the market and make loose decisions like doing a trade without their proper research. They also tend to spend more on their next trade as they are overconfident with their trade. After receiving a consistent loss, that is the time that they will realize that the market is no joke at all. This is why not everyone last long on trading because of the persistence and consistency needed on each trade.

Just like on gambling or whatever you've been doing specially on first tries, there are really indeed moments on which you would really be making yourself that being that confident on the time that you would be making profits or making out good decisions on your decisions whatever you are currently dealing with but its true that never ever underestimate the market because you would really be finding yourself that you are still that far into reality
on becoming that sustainable on this market specially when you are still a noob and there's still lots of things which you do really to know and needs to learn up first for you to be able to make yourself that survive.

All of the things that we do really need up to learn is already available online on which you can really be able to learn for yourself even if you are a noob and dont make yourself that
too confident just because you have done some good initial trades on start up. Always learn along the way and never be that too rush on making decisions without
any solid analysis when it comes to various things.

[Rengga Jati]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

It really makes sense and must be really careful...
Moreover, mostly, it is theoretical. Seem like super easy when learning from reading from books, journals, watching any videos, and other sources. Seem like trading is easy and can be done by self easily by following the tips and tricks for trading, for beginners.
But the fact is vice versa.

We always try to learn and understand so many things in trading. But sometimes, this will not work very well when we are going live in trading, this seems so different. But this is the truth, it will be exactly different. because sometimes, the theory is just theory. When we are newbies and we really don't know about trading and self-study, sometimes, we miss certain information, misunderstanding what is meant by the sources, and sometimes we realize that we have understood the study, but in fact, not yet exactly.

But, this is much better when we have that effort to study and learn more about trading before entering trading activities. This is much better than nondoing it yet. Because at least we have an understanding, and further, we can learn by doing because this will be more effective. however, we also must know how to learn by doing that will not risk our funds very much. yeah, do it and start it with a small amount of money until you really know how to trade. Btw doing sharing and discussing what you have learned from the sources with other traders will also help us to synchronize the understanding, fix the misunderstanding probability, and to sharpen our understanding about it.

[justdimin]

There is nothing I hate seeing like those thumbnails on Youtube videos, sometimes I think those guys that give predictions and guides about trading contribute to why newbies lost money into crypto because instead of them to be teaching the important aspect of trading, they will be busy saying things that will give them goosebumps and make their adrenaline grow over their head and when they rush and start trading without any basic knowledge and get burn, they start crying like babies.

There is another funny thing these trading guides traders do, they don't in reality trade any shit, they only hold coins and freak out the public with trade settings and hype; the Halving is on the way, just watch how they come back to hype people once again about trading guide and when they make their gain, they vamous and come back the next time there is another hype in the market.

I sort of understand it. Not the part where they do not teach the real things, but understand the part where they make it grand and make it sound like something major at the same time. Why do I understand it? Because, it is a medium, and you need to get attention and in order to get attention you need to make sure that you are doing fine.

If you are doing fine then you are going to be making some serious profit from it as well. I understand that it is not going to be easy, and I can see why it is getting to be something a bit more troublesome over course of time, because in the end they are not helpful. But if they keep what they have, and add in some stuff about how they come up with those things, it could be something good.

[Distinctin]

I agree.

However, most newbies who make profits luckily the first time will surely lose their cool and will act like they already know how trading works. So, in their next trade they will enter a big trade and lose it, so their negative emotions will kick in and do stupid things and that's where they lost their path, chasing their loses without any plan at all.

That’s exactly the reason why newbies are not allowed to trade not because it’s hard for them to make winning trades, but mostly because their emotions are high and uncontrollable so they end up making wrong decisions that will certainly become the reason why they keep on losing from trading.

Trading can be mostly deceiving especially for those traders who have high greed, and those who trade with greed are definitely the newbies in the market. So be careful when trading, be cautious not to fall from those who pretend who are winning traders.

[Hamphser]

I agree.

However, most newbies who make profits luckily the first time will surely lose their cool and will act like they already know how trading works. So, in their next trade they will enter a big trade and lose it, so their negative emotions will kick in and do stupid things and that's where they lost their path, chasing their loses without any plan at all.

That’s exactly the reason why newbies are not allowed to trade not because it’s hard for them to make winning trades, but mostly because their emotions are high and uncontrollable so they end up making wrong decisions that will certainly become the reason why they keep on losing from trading.

Trading can be mostly deceiving especially for those traders who have high greed, and those who trade with greed are definitely the newbies in the market. So be careful when trading, be cautious not to fall from those who pretend who are winning traders.

When you do win on your first time trades, then you would really be having that impression that trading would really be that so simple and something that you could really be able on doing without any issues on which

this is the primary thing that would mostly be playing out on newbies mind on the time that they would really be making some profitable trades on their first time and just like in gambling on which they would really be having those thoughts that it would really be something that make them rich.Sooner or later on the time that they would be experiencing such loss of money then this is where they would really be telling to themselves that they do really lack of knowledge with trading and need something even more on which this is the time that they would be making out realizations that it isnt really just that enough.

There's a significant difference in between those veterans and noobs in dealing up with this crypto space.If you dont know on handling out yourself on this very unpredictable market then you
wont really be able to survive comparing to those people who do have the idea on how to deal up with something like this.

[Myleschetty]

I like the advice given by the OP of this thread because some cryptocurrency investors and traders seem not to understand that most content creators creating some teaching, market prediction, and hype videos are not really into the market and they are only creating the content and prediction just to sell themselves to the world.
Therefore, I never put my faith in the predictions of an influencer.

[taufik123]

When you do win on your first time trades, then you would really be having that impression that trading would really be that so simple and something that you could really be able on doing without any issues on which

Beginners or anyone will get caught up in this situation and lose their guard because the first win gives a good impression.
Whereas the first win can be a warning that one must be more vigilant and must do better market analysis.

this is the primary thing that would mostly be playing out on newbies mind on the time that they would really be making some profitable trades on their first time and just like in gambling on which they would really be having those thoughts that it would really be something that make them rich.
-snip-

Being a beginner trader really needs to be focused and consistent, learning all aspects of trading knowledge.
The first trade does seem like gambling and this is quite common because beginners still do not fully know how to do the right analysis so that they can determine where to enter and exit. The first win is just a fortune that can encourage further trading.

There's a significant difference in between those veterans and noobs in dealing up with this crypto space.If you dont know on handling out yourself on this very unpredictable market then you
wont really be able to survive comparing to those people who do have the idea on how to deal up with something like this.

The crypto market is very unpredictable, even if you analyze it correctly and are sure the price will go up.
But suddenly when there is FUD the price will crash and situations like this do require strong psychology and no need to panic.
If financial management is well controlled then it is time to buy and add more assets.

[crwth]

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

I think the second sentence that you gave is the reality of some people who have managed trading and just gave up and go to the sure route, which is HODL bitcoin, and that's one of the things that we need to consider knowing that it could be more profitable if you did that. There are some people who are really built for it in trading as they will show results for sure. Characteristics of this would probably be some patient and also understanding of technical stuff would be easy. It will take time to master for sure.

[gabbie2010]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

I was once a believer of reading trading books to becoming successful in trading, I read so many forex trading books especially Al Brook, however most of those stuffs I read is in sharp contrast with reality of Price Action during live trades, I once incurred streaks of losses while trading a crypto/USDT pair while applying one of the trading strategy obtained by reading a book based on Elliot wave, I followed all the methods explained by the writer yet wasn't profitable, I also believe Hodling is the best for a newbie in crypto with a reasonable capital, though I had switched to forex trading which I learnt after I had thrown away many fancy indicators on my chart without any usefulness I now rely on RSI and Ema  indicators only with Price Action.

[Wind_FURY]

~Snipped

~Snipped

For under-capitalized plebs like many of us are, you won't have to find quality "trading resources". It would be a waste of our already limited capital. The best use for it is merely to buy the Bitcoin DIP, and HODLing it as a store of value, then DCA any additional capital that you earn.

Plus instead of wasting your time in trading, just find a job, a second job, or other ways to earn extra money.

you just hit the nail on the head. I appreciate your honest response to my question. I do know that not having a stable source of income while relying 100% on trading profits might not be the way to go for most people and it might mess up trading psychology since a new trader would have to choose between their empty stomach and withdrawing a part of their trading capital every time to survive. This isn't the ideal way to go.

I do have some concerns:  

Plus instead of wasting your time in trading, just find a job, a second job, or other ways to earn extra money.

Someone with a stable source of income might just want a trading career or has a passion for trading and numbers. This wouldn't apply to them?
 

I don't know. The person has to judge his own trading performance himself/herself. Because even though a person has a stable source of income but he/she consistently loses a part of his/her salary in "the passion for trading", then what would be the difference between that and losing money regularly in the casino playing Craps?

[sana54210]

With the few years of experience I've garnered in trading, I'm of the opinion that those who jump up and down on social media brandishing one paid signal group, articles, books or the other aren't actually profitable. They're mere marketers. Those who trade for a living don't have time for such unnecessary involvement on daily basis.

Talking about those who think they can be self sufficient by solely learning on their own, my word to them is that they will easily and quickly burn out. In trading, no man is an island on his own. We need the knowledge of others to know where we truly stand. Cross fertilization of ideas is needed to help proper one further in life, trading especially.

They can learn from books, trading courses, videos, signal groups and can learn from warnings such as this topic. Unfortunately, learning by reading is not enough, never enough. They must experience with real trading practice which will help them to test knowledge they learn, test themselves including their deeply inside personal characteristics.

Hopefully they won't be burned out before they learn enough and practice enough in this risky market. If they survive, they will have good future because where there are risks, there are great opportunities.

I believe that learning from any resource is fine, as long as they do not do it just from a single source. If they keep trying to find more and more sources then they are going to eventually end up with a good result one way or another. It is going to end up with a situation that will be better.

I know that it will not be simple and it will have some results that will upset people when they are not doing something that will be better, but when it comes to losing money, if you could see that as learning possibility as well then it means we are going to do a bit better. I hope that people will learn to be better eventually one way or another, should be an important thing that takes time and not something that is quick and easy.

[Russlenat]

I agree.

However, most newbies who make profits luckily the first time will surely lose their cool and will act like they already know how trading works. So, in their next trade they will enter a big trade and lose it, so their negative emotions will kick in and do stupid things and that's where they lost their path, chasing their loses without any plan at all.

That’s how tempting trading profits is. You might be winning in your first trade but that will never guarantee the same thing will happen in your next trade. The market is so much unpredictable due to its high volatility, so be careful not to fall too much on your greed.

While this is true for most newbies, but I’m not saying it generally. Some are still wise enough not to fall for their first profits as trading can be sometimes deceiving especially if you think you know everything about trading and how it works in the market.

[wxa7115]

I don't know. The person has to judge his own trading performance himself/herself. Because even though a person has a stable source of income but he/she consistently loses a part of his/her salary in "the passion for trading", then what would be the difference between that and losing money regularly in the casino playing Craps?

There are only two ways to judge our trading performance which go hand in hand, the first one is the money in our pockets, if at the end of our trading session we have more money than when we begun then this is a good sign, as people should trade for only one reason and that is to make money.

The second criteria we need to use is the process which allowed to get those profits, after all if those profits come from a fortunate movement of the markets that saved us from losing money then we did something wrong and as such those results are not repeatable, however if those profits came from a deep analysis of the markets and we have backtested our strategy many times and those results fit what we can expect out of it, then we are doing things the right way and can expect more sessions like that on the future.

[SharonC]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

That's right! Most of the trading experience is based on observations and uncountable number of attempts

[Wind_FURY]

I don't know. The person has to judge his own trading performance himself/herself. Because even though a person has a stable source of income but he/she consistently loses a part of his/her salary in "the passion for trading", then what would be the difference between that and losing money regularly in the casino playing Craps?

There are only two ways to judge our trading performance which go hand in hand, the first one is the money in our pockets, if at the end of our trading session we have more money than when we begun then this is a good sign, as people should trade for only one reason and that is to make money.

The second criteria we need to use is the process which allowed to get those profits, after all if those profits come from a fortunate movement of the markets that saved us from losing money then we did something wrong and as such those results are not repeatable, however if those profits came from a deep analysis of the markets and we have backtested our strategy many times and those results fit what we can expect out of it, then we are doing things the right way and can expect more sessions like that on the future.

I don't know how each and one of you judge your "trading performance", but I'm very confident that if your data is merely one year or two years or even also 3 years, it might not be large enough to "judge" how profitable you are in trading. There's a reason why professional traders back-test their trading strategy to 10 years.

Plus my post was for plebs like me who might be doing under-capitalized trading and believing that they could out-trade the market consistently. It's like gambling in my opinion.

[beerlover]

I don't know. The person has to judge his own trading performance himself/herself. Because even though a person has a stable source of income but he/she consistently loses a part of his/her salary in "the passion for trading", then what would be the difference between that and losing money regularly in the casino playing Craps?

There are only two ways to judge our trading performance which go hand in hand, the first one is the money in our pockets, if at the end of our trading session we have more money than when we begun then this is a good sign, as people should trade for only one reason and that is to make money.

The second criteria we need to use is the process which allowed to get those profits, after all if those profits come from a fortunate movement of the markets that saved us from losing money then we did something wrong and as such those results are not repeatable, however if those profits came from a deep analysis of the markets and we have backtested our strategy many times and those results fit what we can expect out of it, then we are doing things the right way and can expect more sessions like that on the future.

The second part is very important, there are a lot of people who made a wrong move but they were lucky that the price of that thing didn't go down, and even went up, they think they did something right. Unfortunately they repeat the same wrong thing because initially it made them a profit, and then they realize that it is not going the way they want it to go and they end up losing money because of it.

I hope that it gets better eventually but when it does, I also believe that it is going to cause a lot of people to realize their mistakes. Newbies need to make sure that they learn how to do it the right way, if they do then they are going to end up making a decent amount of profit without a doubt and should return with a profit.

[Adbitco]

For the sake which you said is not better they look for a mentor?
Someone who knows more than them or a kind of school that or institution that focuses on training people to trading independently since most of the resourceful books and videos created over the net and youtube might not be a true way to overcome some difficulties in trading, while some creates those videos to make money but putting up an acts of creating a video on how to teach people how to trade. To me the best advice is to locate someone who is very known to be a trader or an enthusiast who focuses on trading, since beginner are desperate of venturing into trading whereby sourcing information across net and youtube and just as you already said most of them might not be professionals.

[Mahanton]

I don't know. The person has to judge his own trading performance himself/herself. Because even though a person has a stable source of income but he/she consistently loses a part of his/her salary in "the passion for trading", then what would be the difference between that and losing money regularly in the casino playing Craps?

There are only two ways to judge our trading performance which go hand in hand, the first one is the money in our pockets, if at the end of our trading session we have more money than when we begun then this is a good sign, as people should trade for only one reason and that is to make money.

The second criteria we need to use is the process which allowed to get those profits, after all if those profits come from a fortunate movement of the markets that saved us from losing money then we did something wrong and as such those results are not repeatable, however if those profits came from a deep analysis of the markets and we have backtested our strategy many times and those results fit what we can expect out of it, then we are doing things the right way and can expect more sessions like that on the future.

I don't know how each and one of you judge your "trading performance", but I'm very confident that if your data is merely one year or two years or even also 3 years, it might not be large enough to "judge" how profitable you are in trading. There's a reason why professional traders back-test their trading strategy to 10 years.

Plus my post was for plebs like me who might be doing under-capitalized trading and believing that they could out-trade the market consistently. It's like gambling in my opinion.

When it comes on trying out to assess your trading capability then 1 year should really be enough or even on 6 months on doing trading.Its true that trading skills could really be acquired on long time and would really be dealing up with tons of trials and errors before you could really be able to make yourself that find out whether you are doing just fine or not. It is really just that there are people who are really that too in rush on
learning up things and skipping out those basic fundamentals on which it would really be causing for it to have those kind of errors which causes out those mistakes and losing money. Majority of newbies would really be having that urge of emotion on learning things on just few days until they would come to realize that it isnt really just that right that you would really be having that kind of behavior.
Self study could really be that possible but not all would really be able to take up that fast way on learning or having a good grasps on whatever they are tending to deal with.

[lixer]

The second part is very important, there are a lot of people who made a wrong move but they were lucky that the price of that thing didn't go down, and even went up, they think they did something right. Unfortunately they repeat the same wrong thing because initially it made them a profit, and then they realize that it is not going the way they want it to go and they end up losing money because of it.

I hope that it gets better eventually but when it does, I also believe that it is going to cause a lot of people to realize their mistakes. Newbies need to make sure that they learn how to do it the right way, if they do then they are going to end up making a decent amount of profit without a doubt and should return with a profit.

Newbies usually learn it the hard way, it is very rare that a newbie trader asks someone before taking any trades, they simply watch some influencer or someone who teaches trading on YouTube or Twitter and they blindly follow them without even realizing what they are getting into and whether they should buy a certain coin at that time or not, and this thing causes them losses initially, and once that happens, they realize they need to learn things first.

The first couple of trades are very crucial for a newbie trader because they will either make them overconfident or make them realize that they are not doing it right, if they manage to get profit in their first couple of trades even without knowing anything, they might take a bigger loss in the next one.

[mirakal]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Yes. Be careful at all times. Trading is not a get rich quick scheme that you need to be obsessed on it. So trade at your own risk. And when you trade, acquire knowledge and valuable information first and make sure that you are getting them from reliable and legit sources, and not from random crypto influencers that pretend to be expert in trading when in real life, they are losing a lot from it.

Trade in the best way possible but never chase for consistency in profits as you are trading in a very volatile and unpredictable market, which means profits are not guaranteed in the first place.

[freedomgo]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Not all that talks about trading are worthy of our time listening and reading. Still, we should be careful on choosing those resources that will come to influence our mind and thinking. If we can do our due diligence to research on the reliable traders online, then that will help us a lot not to fall from believing in their traps.

Trading is not also a means to make profits only. It’s actually there to help us learn the value of bitcoin or any cryptocurrency and realize that what we see at the moment will not be forever, so we should learn to give importance to its value while it’s still available at the moment.

[Wind_FURY]

I don't know. The person has to judge his own trading performance himself/herself. Because even though a person has a stable source of income but he/she consistently loses a part of his/her salary in "the passion for trading", then what would be the difference between that and losing money regularly in the casino playing Craps?

There are only two ways to judge our trading performance which go hand in hand, the first one is the money in our pockets, if at the end of our trading session we have more money than when we begun then this is a good sign, as people should trade for only one reason and that is to make money.

The second criteria we need to use is the process which allowed to get those profits, after all if those profits come from a fortunate movement of the markets that saved us from losing money then we did something wrong and as such those results are not repeatable, however if those profits came from a deep analysis of the markets and we have backtested our strategy many times and those results fit what we can expect out of it, then we are doing things the right way and can expect more sessions like that on the future.

I don't know how each and one of you judge your "trading performance", but I'm very confident that if your data is merely one year or two years or even also 3 years, it might not be large enough to "judge" how profitable you are in trading. There's a reason why professional traders back-test their trading strategy to 10 years.

Plus my post was for plebs like me who might be doing under-capitalized trading and believing that they could out-trade the market consistently. It's like gambling in my opinion.

When it comes on trying out to assess your trading capability then 1 year should really be enough or even on 6 months on doing trading.

I'm a mere pleb, and I'm also just learning but I'm sorry, ser. I'm very VERY confident that isn't true. If you don't believe it, you can ask those traders and investors who have been in it long enough for their thoughts and opinions to matter.

It's also just common-sense. Having just one year of good performance is not indicative of that person having a consistent winning career as an investor or a trader. There might be exceptions, but it isn't the usual.

[Issa56]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

You are very right about this, most of those people writing those books and producing those videos are not really a professional traders, they are just doing it for the sake of money that's why we all having to be careful, that's why in most videos on YouTube, they always talk about the profit they made alone, and they will hardly talk about the losses in their trade just to attract people to their page, because if they are making all those videos to truly educate people, they will be talking about both profit and lose, no matter how professional you are as a trader, you will definitely lose money, you cant be making money always.

All what i will tell newbies that are trying to learn how to trade, can read some of those books or watch some of those videos just to learn the basics of trading, but they shouldn't follow their strategy, they have to learn their strategy on their own, i know even if they are selling those books for the sake of money, they will be able to teach the basics of trading. So as a newbie trying to learn how to trade newly, you have to start with a little amount because you will be losing money during your learning process.

[macson]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

[GreatArkansas]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

This is 100% true and for sure a lot of writers or people who are writing some content about trading are really losing money on trading and they are just making money on these books or some are making money on affiliates like inviting someone to signup under their links on some exchanges and they will earn money via commissions.

[Peanutswar]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

In some point yes it is, but in other way is people want to read these because they want to know what are the other strategies and their experiences with the trading practices its not all about buying the book its all about too base on the studies they made, and most of the important is the experience. Like you are paying a service. Are you willing to pay a person who does not know the things you want to know? of course not in some point that's the perspective of the use with the book.

[shivansps]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Great advice, I agree with you completely. But the question is how to distinguish a person who is an impostor or is not competent from a person who is really an expert. You need to read a lot of books to find one that works, you need to study a lot of material on the Internet so that in the end you form the right opinion. Without your own mistakes, you will not be able to go this way.
A mixture of my experience and someone else's is a good decision.

[khiholangkang]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

In some point yes it is, but in other way is people want to read these because they want to know what are the other strategies and their experiences with the trading practices its not all about buying the book its all about too base on the studies they made, and most of the important is the experience. Like you are paying a service. Are you willing to pay a person who does not know the things you want to know? of course not in some point that's the perspective of the use with the book.

Yes, that's right, we certainly wouldn't know DCA, Hodl and so on about trading strategies if we didn't study them from speculation, articles, books and other studies which concluded that Hodl and DCA are the most effective ways to trade strategies that have little risks in the process even though it takes a long time to get the benefits.
Caution is necessary because there are indeed some manipulations in the writing, so the best way to solve this is not to stick to one source of knowledge, of course there are also many honest and truly victorious people in trading, then they write it down to be used as next generation guide.

[Dickiy]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

This is 100% true and for sure a lot of writers or people who are writing some content about trading are really losing money on trading and they are just making money on these books or some are making money on affiliates like inviting someone to signup under their links on some exchanges and they will earn money via commissions.

Well, the fact is it's quite hard to believe some of them, in an educational content they always show something like what we need and even with some of the strategies they exemplify. When we saw it, it looked like it made sense, and then we went to do it according to what we got from them, for the result, maybe you already know that 50 - 50, some are really accurate according to the market and some are loss until you get MC . To be honest, this is also what I often asked when I was a beginner, how to find a mentor who is truly experienced so that our learning process can be directed and in the end I decided to study alone without a mentor and would only read books on trading in several library.


Maybe there are also some of them who have difficulty finding the right mentor or reference. So, you are absolutely right, recently I heard that one of the content creators who always educates about trading has been arrested by the authorities for defrauding many of its members, cases like this have now happened a lot and many have become victims. Most of them just want to take advantage of us, as you said, most of them are affiliates who take advantage of the situation and get a lot of profit there. So the point is to be more careful when looking for a mentor who is truly experienced, find out the person's personality first, don't let them have the opportunity to deceive you.

[justdimin]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

[Cling18]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Not everything that we see, read and watch are real and provide trusted and reliable source of information so we better be observant and keen not to be deceived by those who only want to make money and not to help beginners. As much as possible, we should do a research right after one research so we won't fall for deceptive traps.
Not because we're newbies, we will believe in hearsays and fake information. We should be skeptical in absorbing kowledge and legit information and we shouldn't be innocent victims of those who are just pretending to be pros.

[Lanatsa]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Not everything that we see, read and watch are real and provide trusted and reliable source of information so we better be observant and keen not to be deceived by those who only want to make money and not to help beginners. As much as possible, we should do a research right after one research so we won't fall for deceptive traps.
Not because we're newbies, we will believe in hearsays and fake information. We should be skeptical in absorbing kowledge and legit information and we shouldn't be innocent victims of those who are just pretending to be pros.

It would really be just that right that you should really know and be wary about some information here on the internet wont really be that accurate or trustworthy on which it is really just that right that you should

always make out some verification or indepth review or analysis whether those are real or not. In becoming a trader then learning up with the basics is a must which it isnt only limited on technicals but also in fundamentals as well but we cant really that able to avoid out that this isnt only limited on those things but also there are learnings which could only really be acquired through real experience and this is why
never ever make yourself that get stuck on a single place and always wander around on things that you must learnt up because this market does have lots of variations on which it would really be normal that it
is really needing up that versatility and of course in speaking about learning then it would be a never ending one.

Just dont make yourself in a hurry because this is where usually mistakes and errors do came from on the time that you would be making yourself that too confident on what you are currently dealing with.

[Mauser]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

It's true that many of the so called investment gurus that publish a lot of trading books make most of their money being an author and public speaking, rather than being a successful trader. In my opinion this doesn't have to be a bad thing and just because we buy one book for 20 USD doesn't make us the sucker. It's always helpful to learn more about the author before buying his book, some successful authors worked as traders in their 20s&30s and only turned to writing books later in life. When it comes to financial literature there are three types of books. The first one is about financial history, they teach us how the past worked and what successful traders bought and sold to become rich. This is informative and can help if we see parallels today to the past, but we can't just copy the trades. The second category is technological and knowledge books that teach us how to do research and analysis of current trends. These are the best type of books as in my opinion as we can learn a lot from them and apply the techniques to various. The third type of financial books are investment recommendations that tell us exactly which assets to buy and sell. Here I would be very cautious and trust blindly on other people what to buy, it's better to make our own research and decisions.

[Wind_FURY]

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

This is 100% true and for sure a lot of writers or people who are writing some content about trading are really losing money on trading and they are just making money on these books or some are making money on affiliates like inviting someone to signup under their links on some exchanges and they will earn money via commissions.

There's truly nothing wrong with writing a book, a guide, or any investment material as long as the writer is honest with his/her audience. There's also nothing wrong with shilling referral links as long as the person doesn't "market" himself like he did in this screenshot. Haha.



Twitter is starting to include "for context" information in tweets.

[lixer]

For the sake which you said is not better they look for a mentor?
Someone who knows more than them or a kind of school that or institution that focuses on training people to trading independently since most of the resourceful books and videos created over the net and youtube might not be a true way to overcome some difficulties in trading, while some creates those videos to make money but putting up an acts of creating a video on how to teach people how to trade. To me the best advice is to locate someone who is very known to be a trader or an enthusiast who focuses on trading, since beginner are desperate of venturing into trading whereby sourcing information across net and youtube and just as you already said most of them might not be professionals.

Relying on a single source is obviously not the best way to go about it. There is nothing wrong if someone wants to learn things by themselves and doesn't want to enroll in an institution or somewhere they need to pay money to learn, but, they will need to check every single piece of information from multiple sources only to verify if the information provided is correct and isn't false or bragged unnecessarily, this will make their knowledge solid and perfect.

So, someone who learns from YouTube or from a website about trading and studies different practices, analyses, indicators, and other stuff, they should make sure they are checking other channels or websites to see if what they've learned so far is true and correct and not falsified.

[Kasabus]

Not only for those who are self-learning but even to those who rely on others to learn trading, at they should still be careful and slowly assess their learning. Otherwise, they will believe in wrong information that was being fed to them, and apply those in their trades that will eventually mess their trades and end up very unprofitable. That’s why be cautious in every trade attempts, especially that it’s hard to predict what’s going to happen in a very changeable market.

[milewilda]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Tug of war on which it would really be survival of the fittest and if you cant find yourself that really that good or not able to make out some good decisions towards your trades then you would really be might be having that lots of losses and this is indeed the reality if you do find yourself get engaging with this market on which it is really that indeed composed of buyers and sellers on which it would really be just that normal that you would really be needing to be wise on every buy or sell decisions you would be making. As a noob, then starting up with the basics of course on which it would really be just that right that you should really know on how to identify between those errors and effective ways on making yourself that sustainable on this very unpredictable field. Never ever make yourself in a hurry on learning up things and just like on what others been mentioning out that if you rush up then you are prone to errors because you would really be that desperate on making up some steps because you are in a hurry on trying to see those profits which its never been right on having
that kind of approach. Study and learn up along the way even if you are using real balance or money and this is why its not ideal if you do make use of huge amounts specially when you are just still starting.

[Wind_FURY]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Tug of war on which it would really be survival of the fittest and if you cant find yourself that really that good or not able to make out some good decisions towards your trades then you would really be might be having that lots of losses and this is indeed the reality if you do find yourself get engaging with this market on which it is really that indeed composed of buyers and sellers on which it would really be just that normal that you would really be needing to be wise on every buy or sell decisions you would be making.

As a noob, then starting up with the basics of course on which it would really be just that right that you should really know on how to identify between those errors and effective ways on making yourself that sustainable on this very unpredictable field.

Never ever make yourself in a hurry on learning up things and just like on what others been mentioning out that if you rush up then you are prone to errors because you would really be that desperate on making up some steps because you are in a hurry on trying to see those profits which its never been right on having that kind of approach. Study and learn up along the way even if you are using real balance or money and this is why its not ideal if you do make use of huge amounts specially when you are just still starting.

OR, why not carry out the most effective strategy for newbies and just Buy the DIP and HODL? Why play the game of "survival of the fittest" when the game could also be played by simply doing a time-based strategy? We should refuse to become the product, the very people being forced to buy high/sell low, the people who are scammed for affiliate fees, ad revenue and TRADING BOOKS we don't actually need.

[Xampeuu]

For the sake which you said is not better they look for a mentor?
Someone who knows more than them or a kind of school that or institution that focuses on training people to trading independently since most of the resourceful books and videos created over the net and youtube might not be a true way to overcome some difficulties in trading, while some creates those videos to make money but putting up an acts of creating a video on how to teach people how to trade. To me the best advice is to locate someone who is very known to be a trader or an enthusiast who focuses on trading, since beginner are desperate of venturing into trading whereby sourcing information across net and youtube and just as you already said most of them might not be professionals.

Relying on a single source is obviously not the best way to go about it. There is nothing wrong if someone wants to learn things by themselves and doesn't want to enroll in an institution or somewhere they need to pay money to learn, but, they will need to check every single piece of information from multiple sources only to verify if the information provided is correct and isn't false or bragged unnecessarily, this will make their knowledge solid and perfect.

So, someone who learns from YouTube or from a website about trading and studies different practices, analyses, indicators, and other stuff, they should make sure they are checking other channels or websites to see if what they've learned so far is true and correct and not falsified.

by looking at various sources for learning, we will be able to compare one with another, and of course we can objectively assess the concepts we are studying, so that this minimizes misleading knowledge. actually it is more effective if we have friends to serve as mentors, and I'm sure we will understand it more quickly. and after having the basis for that we can develop knowledge according to our own character. Of course this requires a process and we have to enjoy it

[sana54210]

It's true that many of the so called investment gurus that publish a lot of trading books make most of their money being an author and public speaking, rather than being a successful trader. In my opinion this doesn't have to be a bad thing and just because we buy one book for 20 USD doesn't make us the sucker. It's always helpful to learn more about the author before buying his book, some successful authors worked as traders in their 20s&30s and only turned to writing books later in life. When it comes to financial literature there are three types of books. The first one is about financial history, they teach us how the past worked and what successful traders bought and sold to become rich. This is informative and can help if we see parallels today to the past, but we can't just copy the trades.

Yeah true, you should definitely not be upset about any money you spend on learning as long as you are learning. But making you a sucker is the fact that some people buy some stuff from some people and get the most cliche things ever. I believe that you shouldn't do that. If you want to make sure that you are buying something, then make sure that it's actually a good thing in the end. I know that it's not going to be that simple but as long as it exists and it goes well enough then we are going to do well with it.

I personally hope that people will end up with some sort of profit when the time comes and that means we are going to end up with a good chunk of money with the right time, that's how you could end up improving in the end.

[Adbitco]

For the sake which you said is not better they look for a mentor?
Someone who knows more than them or a kind of school that or institution that focuses on training people to trading independently since most of the resourceful books and videos created over the net and youtube might not be a true way to overcome some difficulties in trading, while some creates those videos to make money but putting up an acts of creating a video on how to teach people how to trade. To me the best advice is to locate someone who is very known to be a trader or an enthusiast who focuses on trading, since beginner are desperate of venturing into trading whereby sourcing information across net and youtube and just as you already said most of them might not be professionals.

Relying on a single source is obviously not the best way to go about it. There is nothing wrong if someone wants to learn things by themselves and doesn't want to enroll in an institution or somewhere they need to pay money to learn, but, they will need to check every single piece of information from multiple sources only to verify if the information provided is correct and isn't false or bragged unnecessarily, this will make their knowledge solid and perfect.

So, someone who learns from YouTube or from a website about trading and studies different practices, analyses, indicators, and other stuff, they should make sure they are checking other channels or websites to see if what they've learned so far is true and correct and not falsified.

by looking at various sources for learning, we will be able to compare one with another, and of course we can objectively assess the concepts we are studying, so that this minimizes misleading knowledge. actually it is more effective if we have friends to serve as mentors, and I'm sure we will understand it more quickly. and after having the basis for that we can develop knowledge according to our own character. Of course this requires a process and we have to enjoy it

I think you got it right, after having to learn from an experience person who will be more like a mentor to them then can apply to source from others knowledgeable users maybe those information can be compared to see if actually they are going off the track, and besides it should be something that you are well prepared for I have seen few people who developed interest to study about trading after many class he wasn't able to focus and was thinking is a thing to just study and start making profits without knowing that as a newbie there are alot to learn and to know.

[Aanuoluwatofunmi]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Not everything that we see, read and watch are real and provide trusted and reliable source of information so we better be observant and keen not to be deceived by those who only want to make money and not to help beginners. As much as possible, we should do a research right after one research so we won't fall for deceptive traps.
Not because we're newbies, we will believe in hearsays and fake information. We should be skeptical in absorbing kowledge and legit information and we shouldn't be innocent victims of those who are just pretending to be pros.

That's true, we have to understand that not everyone that teaches know how to teach, also not everything we see online are true the same way the appear online, when we see anything offered to us, we shouldn't hesitate to conduct a research on them to know what others have on them, information should not be centralized or vested on one side, we need to seek for more ways to know how genuine and true they are from a verified source.

[Mahanton]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

thanks to you for this topic, newbie traders have big expectations for trading, they come to make a lot of money but the majority of them just lose money and then leave, while those who persist definitely have a chance to become an experienced and even professional trader.

like a battlefield, trading activity is that, every trader must have good skills -> understand analysis techniques, fundamentals, economics, understand how to use trading tools, control emotions, not be lazy to keep learning is the basic foundation that must be owned by every both beginners and experienced traders ^{(this is an important thing that many professional traders have explained)}

It is definitely a battlefield, there will be buyers and sellers and they will fight each other to be the right one. Sellers will sell because they think it will go down, and if they sell and the price goes down afterwards that means they won that battle, the buyers are buying because they think they are going to make a profit and if they are right and the price goes up then they made that profit.

So long story short we are talking about a situation where it will be quite possible for people to make a profit like that. I understand it is going to take a while but it will be quite possible for us to just make it work. I believe it is not going to be that much of a problem if you lose a battle, because it is important to win the war instead.

Not everything that we see, read and watch are real and provide trusted and reliable source of information so we better be observant and keen not to be deceived by those who only want to make money and not to help beginners. As much as possible, we should do a research right after one research so we won't fall for deceptive traps.
Not because we're newbies, we will believe in hearsays and fake information. We should be skeptical in absorbing kowledge and legit information and we shouldn't be innocent victims of those who are just pretending to be pros.

That's true, we have to understand that not everyone that teaches know how to teach, also not everything we see online are true the same way the appear online, when we see anything offered to us, we shouldn't hesitate to conduct a research on them to know what others have on them, information should not be centralized or vested on one side, we need to seek for more ways to know how genuine and true they are from a verified source.

All matters on how someone would really be that mindful on the things that they've been dealing with on which there are people who dont really just care about its source or there are people who are really that skeptical
on the time that they would be reading up those informations or things whether online or been suggested by someone. Just like the rest been saying that everything could really be found online and its up to you whether you would really be making some research even more or would just directly believing on what those write up been telling since you do assume that those information are already that legit and valid and made up by some research but its true that not all would really be viable and something realistic when it comes to methods and suggested. There are those points which cant really be possibly be applied and if you arent really that
careful enough on trying out to absorb these things then it would might give out some negative impact towards your trading learning path or career.This is why we should really be having the sense on
assessing on what you are facing on.

[Vaculin]

Perhaps the best advice of all time. Trading is never easy so one should learn it carefully and with high caution knowing its a high risk activity, that anyone can ultimately lose everything he has if he trade instantly without knowledge and honed skills. Also, with the presence of crypto influencers all over online, be careful not to fall for those fake traders impersonators as they can be anyone’s nightmare once a trader easily believe and instantly lose everything all his money.

[GeorgeJohn]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

In the aspect of trading and losing of money its real that you will lose money and losing of money do occur when you have not understand the basics of trading and investment, when you invest and lose you don't need of recovery what you have achieved, what I noticed in trading is that you have learn and understand the future of trading before you runs into trading because pushing the lose you made in order to recover will make you to loss more.

[SharonC]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

Ah, I wish I saw this earlier. I used to watch "traders" on YouTube and literally waste all the money I invested. The only thing that helped me was my experience that I gained with time and ability to analyse the market.

[gunhell16]

That's why it is very important to learn crypto trading first before trying to make money from it, this is the important thing that beginners who enter the industry like this should understand. It is not easy to understand. And it's not because you know the basic that there is something to be gained from having an understanding of trading tools is the basis to earn big in trading activity.

We still really need to know how to use trading tools correctly, especially reading the charts of different crypto exchanges in this business.

[rozak]

That's why it is very important to learn crypto trading first before trying to make money from it, this is the important thing that beginners who enter the industry like this should understand. It is not easy to understand. And it's not because you know the basic that there is something to be gained from having an understanding of trading tools is the basis to earn big in trading activity.

We still really need to know how to use trading tools correctly, especially reading the charts of different crypto exchanges in this business.

and it can not be understood in a short time. it takes time and also experience to be able to understand how traders can benefit. it's not as easy as buying cheap and selling expensive.
novice traders at least need some initial capital which can be lost in the process of learning to trade. no problem with that, therefore always use small capital.
what's becoming a lot of trouble nowadays is that many novice traders follow streamers for their trades. to follow understanding in trading, it is not a problem. but when following the given signal, more will not be accurate. or even streamers also suggest copy trading.

[palle11]

It is good to be patient, holding could be better.

Hodling could be better for plebs or newbies who are scared to take in the challenge. A trader doesn't prefer to continue hodling, he wants to go in for the instant multiplier. But like you said for hodling, I believe bitcoin is better for it.

Not only for those who are self-learning but even to those who rely on others to learn trading, at they should still be careful and slowly assess their learning. Otherwise, they will believe in wrong information that was being fed to them, and apply those in their trades that will eventually mess their trades and end up very unprofitable. That’s why be cautious in every trade attempts, especially that it’s hard to predict what’s going to happen in a very changeable market.

A trader need to have their own strategy so that if an information is coming to him from another source, he could analyse it and get to relate it to his own trade pattern. We don't need to accept every trade order or suggestion without tasting with what we know. Don't trade blindly but be wise to be patient and confirm the trend before jumping in. The money in trading never get exhausted, meaning any time you get in rightly, you will be able to make your own profit.

[Wind_FURY]

Perhaps the best advice of all time. Trading is never easy so one should learn it carefully and with high caution knowing its a high risk activity, that anyone can ultimately lose everything he has if he trade instantly without knowledge and honed skills. Also, with the presence of crypto influencers all over online, be careful not to fall for those fake traders impersonators as they can be anyone’s nightmare once a trader easily believe and instantly lose everything all his money.

Nothing that involves risking your own capital to make consistent profit from a high-volatile market truly is. For plebs like us, we can't out-trade the professional traders and their army of trading bots, and they are well-capitalized. They can solvent longer than we can. We'll have better financial expectations if we take a long term investment viewpoint.

Plus other "Investment Gurus" to avoid - Those who use "Doom and Gloom" to market themselves.

[Litzki1990]

Humans may be innately vulnerable to short-term income. When people are shown the opportunity to earn a lot of money in a short way, people choose the method of how to earn money in a short way without thinking about what kind of problems there may be in making money in a short way. This is a great opportunity for fraudsters to cheat. If people didn't believe so easily and look for ways to get rich so easily, there would be less fraud in the wicked world. We must be careful that we never fall into the trap of get-rich-quick scammers. Instead of thinking about getting rich overnight, we can think long term, such as investing in Bitcoin for the long term and holding it for a long time. If we can think this way, we will be much less deceived.

[Oshosondy]

It is good to be patient, holding could be better.

Hodling could be better for plebs or newbies who are scared to take in the challenge. A trader doesn't prefer to continue hodling, he wants to go in for the instant multiplier. But like you said for hodling, I believe bitcoin is better for it.

Some people learn how to trade but later regret it and either become a swing trader or become a holder later. People that hold coins like bitcoin are more likely to make profit. Most traders lose than making profit. Some traders were not scared but trade and lost and continue to lose and become addicted but later quit trading after noticing that they are addicted.

The money in trading never get exhausted, meaning any time you get in rightly, you will be able to make your own profit.

Money in trading can never be exhausted? It depends on the leverage that the trader used. Even a trader that go 1x long on some altcoins can get liquidated after the coin increase 2x in short time. This is common to altcoins. Traders can not always get trading rightly, that is not possible. But the strategy used should be able to turn almost every position opened into profit.

[Hamphser]

That's why it is very important to learn crypto trading first before trying to make money from it, this is the important thing that beginners who enter the industry like this should understand. It is not easy to understand. And it's not because you know the basic that there is something to be gained from having an understanding of trading tools is the basis to earn big in trading activity.

We still really need to know how to use trading tools correctly, especially reading the charts of different crypto exchanges in this business.

and it can not be understood in a short time. it takes time and also experience to be able to understand how traders can benefit. it's not as easy as buying cheap and selling expensive.
novice traders at least need some initial capital which can be lost in the process of learning to trade. no problem with that, therefore always use small capital.
what's becoming a lot of trouble nowadays is that many novice traders follow streamers for their trades. to follow understanding in trading, it is not a problem. but when following the given signal, more will not be accurate. or even streamers also suggest copy trading.

This is why it would really be always that recommendable or suggestable that you should really make use of the amount which it would really be just that small on the time that you would really be starting up and wont really be that tending to make use of huge amount because we are really likely to lose up money on our first tries on which it would really be just that normal. On the time that we do make out decisions that
we do tend to do trades or trying out to learn then always be having that realistic approach on which you arent making yourself that delusional towards trading. Never ever make yourself that having those impressions that it would really be that something that will really be that so easy for you to be able to learn.

Everything of information could really be searched up on the internet, it would really just that a matter of time and effort that you would really be applying into. Just go with that kind of path and
slowly making up yourself do able to learn. Just done rush up things around.

[Bako97]

Trading is like gambling

and a leveraged gamble at that if you, as the entrepreneur, are using borrowed/loaned money.

I did leveraging some years back, i borrowed money to invest into crypto currency, ignoring the rules of "don't borrow money to invest"i lose all the money in the long run, that moment i realise that crypto is indeed "gambling".

[xSkylarx]

Humans may be innately vulnerable to short-term income. When people are shown the opportunity to earn a lot of money in a short way, people choose the method of how to earn money in a short way without thinking about what kind of problems there may be in making money in a short way. This is a great opportunity for fraudsters to cheat. If people didn't believe so easily and look for ways to get rich so easily, there would be less fraud in the wicked world. We must be careful that we never fall into the trap of get-rich-quick scammers. Instead of thinking about getting rich overnight, we can think long term, such as investing in Bitcoin for the long term and holding it for a long time. If we can think this way, we will be much less deceived.

This is where people who instantly earn profit got baited. Just imagine someone just telling you to join a signal group on their Telegram channel and pay, then you'll no need to learn trading as they provide entries on you. So those newbies that really want to earn immediately got baited on that and then they lost money, or even those HYIPs, and still a lot of people right now are getting scammed as they want to earn in a passive way.

[Bitcoin_people]

Those who go for advice on various social media for business will definitely lose money if they take that advice. There are many videos that give business advice but most of them are not successful in that business. So I think all the people who notice such tips and decide to trade according to their suggestions are definitely wrong. If you start a business according to the advice of these people, you will definitely lose money, so you should take good advice. But the advice given by those who have succeeded in their business should be followed in order to be successful. Investing in crypto and holding it will be profitable for future so should continue such efforts then good capital can be generated in future.

[mvdheuvel1983]

My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Good advice. As plebs we should also add so-called YouTube trading gurus, social media influencers trading gurus to the list to of investment materials we should be careful about consuming. Most of them repeat common concepts like technical indicators and patterns. They are not real traders. They are thriving on brand sponsorships and YouTube views. If you follow watch a couple of their videos or listen to them long enough you would see a pattern of them emphasizing certain strategies or ideas to attract readers or viewers, which might not necessarily align with successful real-world trading practices.

[Oshosondy]

Hodling could be better for plebs or newbies who are scared to take in the challenge. A trader doesn't prefer to continue hodling, he wants to go in for the instant multiplier. But like you said for hodling, I believe bitcoin is better for it.

I am just talking from experience. What you have experienced may not be the same I experienced. I prefer to trade, but if I had hold 70% bitcoin and 30% altcoins instead, I would have been richer far more than I am today. I trade but as I am making profit, I lost also. Yet trading requires more time, more effort, but holding would have been more productive for me which is still a way of making passive income, unlike trading.

[Huppercase]

There's truly nothing wrong with writing a book, a guide, or any investment material as long as the writer is honest with his/her audience. There's also nothing wrong with shilling referral links as long as the person doesn't "market" himself like he did in this screenshot. Haha.
Twitter is starting to include "for context" information in tweets.

If there is anything new I find interesting about Twitter/X, it's going to be context information to stop the lies they spread on that platform. A boy of your age or less than your age will wake up.and decide to post fake information just to belittle your effort or make you feel less of what you have achieved in life, no wonder they say traders who boast are not really traders, they have one or two things they do that they don't share to the public; in crypto for instance, they shill coins to newbies using their influence and sell at the top.

Trading lies in the experience than the book, I have used more of time in practicing trading than reading the chunk of PDF's ebooks I have on my phone, I get it fast when I do it myself but using experimental virtual money, not my funds but they are all in real time which make it so real but the difference is only the funds, the loss and the profits are not yours but it's worth the experience than reading the books.

[jaberwock]

There are only two ways to judge our trading performance which go hand in hand, the first one is the money in our pockets, if at the end of our trading session we have more money than when we begun then this is a good sign, as people should trade for only one reason and that is to make money.

The second criteria we need to use is the process which allowed to get those profits, after all if those profits come from a fortunate movement of the markets that saved us from losing money then we did something wrong and as such those results are not repeatable, however if those profits came from a deep analysis of the markets and we have backtested our strategy many times and those results fit what we can expect out of it, then we are doing things the right way and can expect more sessions like that on the future.

The second part is very important, there are a lot of people who made a wrong move but they were lucky that the price of that thing didn't go down, and even went up, they think they did something right. Unfortunately they repeat the same wrong thing because initially it made them a profit, and then they realize that it is not going the way they want it to go and they end up losing money because of it.

I hope that it gets better eventually but when it does, I also believe that it is going to cause a lot of people to realize their mistakes. Newbies need to make sure that they learn how to do it the right way, if they do then they are going to end up making a decent amount of profit without a doubt and should return with a profit.

I understand the fear that making a big mistake would be terrible and you would lose money. But the reality is that there has been a lot of people who made a mistake and still earned, and a lot of people who took a risk and earned a lot of money from it as well.

This is why you should be trying to do a bit better, you may not end up seeing the results be good in the end, but if you could put aside even just a tiny bit of money to make a profit, that would be quite good. Otherwise you are going to be safe all your life but you are not going to get any bigger neither, or not that fast at least. I hope that it could get to a point where we would all be investing mostly into bitcoin, and make right trades, but also use just a little bit of it on smaller stuff.

[kamvreto]

There are only two ways to judge our trading performance which go hand in hand, the first one is the money in our pockets, if at the end of our trading session we have more money than when we begun then this is a good sign, as people should trade for only one reason and that is to make money.

The second criteria we need to use is the process which allowed to get those profits, after all if those profits come from a fortunate movement of the markets that saved us from losing money then we did something wrong and as such those results are not repeatable, however if those profits came from a deep analysis of the markets and we have backtested our strategy many times and those results fit what we can expect out of it, then we are doing things the right way and can expect more sessions like that on the future.

The second part is very important, there are a lot of people who made a wrong move but they were lucky that the price of that thing didn't go down, and even went up, they think they did something right. Unfortunately they repeat the same wrong thing because initially it made them a profit, and then they realize that it is not going the way they want it to go and they end up losing money because of it.

I hope that it gets better eventually but when it does, I also believe that it is going to cause a lot of people to realize their mistakes. Newbies need to make sure that they learn how to do it the right way, if they do then they are going to end up making a decent amount of profit without a doubt and should return with a profit.

I understand the fear that making a big mistake would be terrible and you would lose money. But the reality is that there has been a lot of people who made a mistake and still earned, and a lot of people who took a risk and earned a lot of money from it as well.

It's only fair that they earn a lot of money because the risks they take are high. People who make mistakes don't always lose, they keep trying until they can make enough money to make up for their past losses. Big risks lead to big returns too. If beginners continue to apply that, they will be rewarded. Dare to take risks, then they deserve to get the benefits. but make sure all the risks can be controlled, do not try big risks without qualified knowledge, all require good initial knowledge.

[Bushdark]

Those who go for advice on various social media for business will definitely lose money if they take that advice. There are many videos that give business advice but most of them are not successful in that business. So I think all the people who notice such tips and decide to trade according to their suggestions are definitely wrong. If you start a business according to the advice of these people, you will definitely lose money, so you should take good advice. But the advice given by those who have succeeded in their business should be followed in order to be successful. Investing in crypto and holding it will be profitable for future so should continue such efforts then good capital can be generated in future.

It is very wrong well we also go to the internet to look for business advise when we can easily look into the environment and create a business ideas that can help our in the future as a business owner or enthusiastic.
 The are many fake advises in the internet and simeti6we might end up losing so much money because the person giving out the advise might not even have there own business but want to look popular as a business or project adviser.
 The location we want to do business is a very important factor for us to consider to become profitable in the market.