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Author Topic: My experience as a beginner trader  (Read 1604 times)
promise444c5 (OP)
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August 30, 2023, 10:34:31 AM
 #1

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin

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August 30, 2023, 10:45:33 AM
 #2

Have you started to sing the song of gone are those days?  Grin Yes trading can be frustrating not only for newbie but for old traders who are still struggling with finding a trading pattern because you may not be a newbie but you are still as inexperienced as a newbie and allowing your emotions to have a better part of your trading. Trading can confuse you that you want to be depressed but if one is finding it difficult you can take a break and relearn yourself by correcting the mistakes that you have made and your coming back will be better
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August 30, 2023, 10:50:17 AM
 #3

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
Almost 90% traders failure in trading. So if you're just a beginner you should have to expect the you will experience a couple of loses in trading and sometimes what you didn't expect to happen will happen. There are days that you will be in a very stressful situation and you should keep fighting and focus on your goal in trading. Always remember not to force trade especially if your emotion is in control. No matter what happens, always follow your trading plan and risk management.

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promise444c5 (OP)
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August 30, 2023, 10:55:36 AM
 #4

Have  you started to sing the song of gone are those days?  Grin

Well it takes time  to sing that Grin

Yes trading can be frustrating not only for newbie but for old traders who are still struggling with finding a trading pattern because you may not be a newbie but you are still as inexperienced as a newbie and allowing your emotions to have a better part of your trading. Trading can confuse you that you want to be depressed but if one is finding it difficult you can take a break and relearn yourself by correcting the mistakes that you have made and your coming back will be better

Exactly  Trading  is always frustrating as a beginner  but there's a saying that "tough time never last " so it's just better to keep learning from your mistakes as pallel 11 have said. Come back stronger every time you get defeated  as that the only way to sing that song Grin

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August 30, 2023, 11:02:08 AM
 #5

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
This should not mean that beginner traders should keep losing money in the name of trading. Losing money does not mean that you are at the track of making money in the end. You can lose money and keep losing money if you are careless.
The best thing to do is to learn to trade very well before trading and you can start off with a demo account so that you will not lose money.
Again, trading is not for everyone. I repeat, losing money now is not a sign that you will make profits tomorrow.

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August 30, 2023, 11:06:57 AM
 #6

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
If someone trade, lost money, but sill losing money after like 2 years, I will advice the person to quit trading and just invest in coins like bitcoin after bear market. Let me tell you something, I have been trading for over three years now and I know some of my friends that are traders, you can be successful in trading but some people will keep losing. There are other ways to make money than to do something that is very risky. So people are not just meant to trade if they do not use the correct strategies.

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promise444c5 (OP)
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August 30, 2023, 11:09:53 AM
 #7

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
If someone trade, lost money, but sill losing money after like 2 years, I will advice the person to quit trading and just invest in coins like bitcoin after bear market. Let me tell you something, I have been trading for over three years now and I know some of my friends that are traders, you can be successful in trading but some people will keep losing. There are other ways to make money than to do something that is very risky. So people are not just meant to trade if they do not use the correct strategies.
Sure trading is not for everyone  some just want to remain  Grin but some will strive to move forward that's the fact

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August 30, 2023, 11:20:44 AM
 #8

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
If someone trade, lost money, but sill losing money after like 2 years, I will advice the person to quit trading and just invest in coins like bitcoin after bear market. Let me tell you something, I have been trading for over three years now and I know some of my friends that are traders, you can be successful in trading but some people will keep losing. There are other ways to make money than to do something that is very risky. So people are not just meant to trade if they do not use the correct strategies.
Sure trading is not for everyone  some just want to remain  Grin but some will strive to move forward that's the fact

It all depends on the person and their conviction. If someone keeps making same silly mistake and he knows it everytime he is on trade and eventually losses his money and it repeats again and again everytime he comes back, what he needs is emotional courage to get on strong and to correct that single mistake. If we read the story of some traders, it is always like that, they never got it right even in two years of trading. Some of the big traders where disregarded by their family because they believed in themselves and got the final touch that revolutionized their trading story. It is about the persons conviction and not what we advise them to quit after two years of losses.
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August 30, 2023, 11:25:50 AM
 #9

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
Those who learn even after suffering a few defeats are the ones who will eventually become the victors.(Provided they learn from their experience of defeat.) And those who give up after a few defeats are the real losers and have wasted experience. But those who continue to experience defeat on an ongoing basis then they are people that cannot learn from experience.

Well, when I was still trading, I experienced a lot of defeats. But I made the defeat a valuable lesson that I made as material for me to examine more deeply. I researched the causes of my defeat and I found various kinds of flaws in my previous strategy. and I started fixing it. And every time I experience defeat then I repeat the previous steps. That is studying the cause of the fatigue. So I continue to perfect my trading strategy. So that I can survive as a day trader until now. And can provide for my family. But to be honest in trading nothing is perfect with continuous profit. Because I personally sometimes experience defeat. It's just that the number of profits must be greater than the number of losses. So we have to maintain the profit percentage to be much higher than the loss percentage.

I believe everyone can do it if they keep learning and don't give up. It's just that we must not be careless and hasty in learning everything. We must study it slowly and carefully.

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August 30, 2023, 11:29:42 AM
 #10

Sure trading is not for everyone  some just want to remain  Grin but some will strive to move forward that's the fact
Yes, like me I want to continue to trade. It is wise for anyone that keep losing and wants to learn how to make profit to start using no leverage and if he has enough money, he can use averaging.

If someone keeps making same silly mistake and he knows it everytime he is on trade and eventually losses his money and it repeats again and again everytime he comes back, what he needs is emotional courage to get on strong and to correct that single mistake
Trading is beyond emotional courage. I will advice those traders that keep losing to use the amount they will not develop emotion with to trade.

If we read the story of some traders, it is always like that, they never got it right even in two years of trading.
If a trade do not get it in two years, the trader should quit and do something else.

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August 30, 2023, 03:54:18 PM
 #11

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin

It is expected of every beginning to avoid trading while they are still learning, they can create some demo account while they are getting used to the whole process, it's not a must they everyone must learn it the hard way, we can go soft and slowly with learning and developed perfect trading skills, by then we would have known all they trading types together with the indications to look out for while taking a trade leverage position, yet we should also know that trading has risk, but we can reduce them to the bearest minimum level if we know what we are doing.



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August 30, 2023, 04:59:04 PM
 #12

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley
This is not always true, some beginner traders who have started the right way from following a good mentor and practicing for long in demo trading, they may actually record some success when they start trading and not as many losses as you predict. It is one thing to start trading and another thing to start trading right. A big part of why some new traders loose within their first months of trading is because they were not patient enough to start trading right, they hurried into trading without enough knowledge and no borrowed experience.

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August 30, 2023, 05:53:20 PM
 #13

There are no experience mates Grin You lose as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning till you can say "Gone are those days " Grin
The market does not know whether you are a beginner or not, What the market recognizes or accepts is doing the right thing at the right time, Boom! You would see yourself making profits even as a newbie. However, experience graduates you into becoming better and more profitable. Therefore, you don't lose because you are a beginner, rather you lose because you are applying the wrong strategy.


R


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August 30, 2023, 07:28:34 PM
 #14

When we enter a class room without learning a lesson then we are in tension that how we will obtain a good marks so same is with trading that when we enter for the first time so lack of knowledge can be disgrace for use but we should not stop there because its a first step towards success.

Philosopher does not achieve their rank from start, officer aren't officers initially and a successful traders are not like this by birth but they follow rules and regulations after their mistakes so hard become ease for them.

Everyone passes the stage of beginners but we are unaware of their losses and hardworking because we have seen them when they become successful so remember that you can obtain everything but on time when you worked hard then your time will start to get what you wants.









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August 30, 2023, 07:44:05 PM
 #15

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
This is quite funny but it is the reality. For you to be a winner tomorrow, you must be ready to learn now and accept your loses or else, you may be surprised of seeing yourself quiting. Quiting is not the better way for us to leave the market because we are becoming a loser. A loser today can become a winner tomorrow that is why we need to work and learn the way others are using to keep making profits.

 We need to make profits for us to be a winner. Those that are winning now are the ones we are celebrating and no one cares about those time when you are hustling and working hard to be a better trader. We should keep doing that time that is always giving us results and the more we do it, the faster we can become a better trader that keep winning.









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August 30, 2023, 08:30:29 PM
 #16

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
Good thing that it is now gone but how far have you lose t how expensive it was to learn from it? I hope it wasn't that huge and if it is then I hope that it has already been in a win now or at a breakeven. Trading is a lifelong learning process too so you need to keep up especially within the trends.
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August 30, 2023, 08:31:41 PM
 #17

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
Trading is not really easy, and every beginner has to pass through the hard times, but if you don’t give up and you keep on learning, then you will end up being a professional trader. Trading is not what you start and you will be expecting profit immediately. Most beginners always lose money when they start learning how to trade. It happened to me when I also started trading. I learned how to trade in a hard way because I had no one close to me to guide me. I was learning how to trade from videos I watched on YouTube and pdf books, which wasn’t really easy for me. I wanted to give up, but I was lucky I didn’t give up then. I know trading is not really easy, but if you are dedicated to learning how to trade, then you will definitely learn it.

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August 30, 2023, 08:52:02 PM
 #18

This is the right approach, you can't make a profit as a newbie and you could make some here and there as a lucky stuff but overall it will be a loss. The ones who make some good money as a newbie at the start will think that they are great and after a while they will lose all of it, it is just not that possible unless you started at the greatest moment of bull run.

There were some people who bought Doge at the bull run because of Elon Musk, and made a ton of money, and thought they were great traders, if they kept going, they all lost their money. I think that should be an important thing to realize, and I would guess that it will not be a simple one one the long run neither, it is just not happening at the moment.

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August 30, 2023, 08:53:41 PM
 #19

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
It's okay to quit because if trading isn't for you, you know it. In fact, most of the traders are even losing and this isn't just for those folks thinking that they can quickly cash money unless they've been here for so long and are already experienced. But honestly speaking, those beginners that are starting to trade, if you're thinking of doing this as a business, you'll have to go through a lot of losses before you'll actually start making money. It may be harsh and hard but that's really the process of trading don't be too gullible with those people sharing their wins if they are not even sharing their losses.

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August 30, 2023, 09:20:20 PM
 #20

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
Everyone starts on being a noob and to those people who are considered to be professional or experts/veterans of this market arent really that excluded nor being exempted in speaking about loses and mistakes.
It did really just turn out that these fellas does have that sufficient experience and knowledge towards this market on which it would really be just that so normal that they would really be having the upperhand.
As a noob then you are really that prone or susceptible when it comes to lots of mistakes and errors basing up on the knowledge you do have which is really that lacking or not sufficient but until the time comes
that you do able to acquire those things then for sure you would really be starting out to see the relevance and sustainability towards this unpredictable space.

One we do decide on being a trader then self acceptance and perseverance and patience would really be playing a big role. You should have that control of emotions on which it wont really be leading you
into that kind of option on which you would be quitting just because you cant bare out on the risks. You wont really be seeing yourself getting progressed if you do have this kind of quality.

R


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