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Author Topic: My experience as a beginner trader  (Read 1604 times)
Dzwaafu11
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August 30, 2023, 09:27:13 PM
 #21

There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley

Normally, being a professional trader is not easy, and even those who are already professionals still lose money, but they have a better chance of getting money than those who just join trading without the fundamental knowledge of trading. That is why, as a beginner, you really need to pass through a lot and focus on learning how to trade before joining the race because it is not really easy. Trading itself is something that you must have control over your emotions over. If you cannot control your emotions, then definitely trading is not for you, and you are at high risk of losing your money, which also applies to professionals.

Quote
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

I don’t see anything bad if someone decided to quit trading. If trading doesn’t work for him and he keeps losing money, why won’t he or she just quit? Maybe they can invest their funds in bitcoin if that will help them, and again, he may not be ready to learn the skills in trading. You know, it’s not easy, and all those technical aspects of it also need to be learned.

R


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August 31, 2023, 10:35:48 AM
 #22

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.

Sure learning in trading never stops even when you are an expert you still need to learn from your simple mistakes

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August 31, 2023, 11:47:05 AM
 #23

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

Not every individual trader has to lose in the beginning, experience has been playing a part in trading from the very beginning so there's something called experience and you can get it from your personal experience or from others experience. Many traders has used other individuals experiences and it has worked for them in the past and it'll also work for them in the future. When you join your experience with that of others that are more advance than you when it comes to trading, you'll succeed.

Not everyone will be a trader so if you have tried and still not having a breakthrough then you should consider quiting and look for other means of earning from the industry that'll work for you. Maybe you would be good at spotting good investment at their early stages.

R


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August 31, 2023, 11:50:19 AM
 #24

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

As I've always said experience or mistakes or failures are your best teachers no matter what, if you haven't experienced it, it is really difficult to understand it or sink it in your mind, but repeated mistakes are another work which we shouldn't do frequently. also quitting or thinking of it is part of learning trading, it is just to prepare you if you can still continue or quit, It is just a trial if you pass on then for sure you'll future is bright. Again trading is not a stagnant knowledge you keep learning over time.
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August 31, 2023, 11:54:22 AM
 #25

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 true that by practicing, someone can easily understand it better and start to become a successful trader, but that doesn't guarantee that once they lose a certain amount of money, they will start making profits from it. I don't really know about you, but if anyone continues to lose money in any type of business he or she is doing, no matter how hard it is, it will be discouragement, and that is why many cryptocurrency traders warn newbies to stay away from trading because of how difficult it is to make money from there. Trading is not where you just put your money and expect to make profits; it really takes hard work, and someone has to be very good at technical analysis.
 
Experience is the best teacher, but despite that, I will not advise anyone to continue trading when they are losing much money often over trading. It will be better to stop trading for some time first and gain more theoretical knowledge.

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August 31, 2023, 01:43:00 PM
 #26


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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

I don’t see anything bad if someone decided to quit trading. If trading doesn’t work for him and he keeps losing money, why won’t he or she just quit? Maybe they can invest their funds in bitcoin if that will help them, and again, he may not be ready to learn the skills in trading. You know, it’s not easy, and all those technical aspects of it also need to be learned.

I'm not saying they shouldn't quit if it's ruining you everyone has where he's good at , but QUITTING  as beginner who just lost because ithis or her first time is not a choice for me

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August 31, 2023, 02:22:40 PM
 #27

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
Quitting will never make you a winner. If you refuse to move forward from your mistakes and losses in your initial trades, then it’s like you accept yourself that you’re not really bound to be a successful trader. Always know that those successful traders today have started from scratch way back then. They endure a lot of losses and frustrations that made them stronger and more motivated to win and be successful. And from beginner traders, until they become pros and veterans in trading. And that’s when they can say, gone are those days where they consistently lose and suffer, now it’s time for them to reap their hard work and dedication in trading.
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August 31, 2023, 02:31:42 PM
 #28

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.
I agree with that. About the biggest reason why beginners experience more losses when they first enter trading. Well, the reason is actually almost the same, namely beginners are always impatient and always act in a hurry. Sometimes even beginners already have insights that they have learned before they start trading. It's just that their mentality is not yet strongly formed. Because a strong mentality and strong patience can be formed as a result of learning from experience. So it can be said that theory alone is not enough. Because the real lesson is sometimes obtained from a direct experience in the market.

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August 31, 2023, 03:35:52 PM
 #29

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
Honestly it's usually tough as a beginner trader because of numerous numbers of losses incurred and accounts liquidated, infact a beginner do jump from one trading strategy to another in bid to find an edge over the market, however it's never the strategy but the trader ability to manage risk, psychology and discipline, I had experienced losses that almost prompted me to quit trading, however I do take a break and return after some series of research, trading is not easy it takes a lot of learning the chart patterns which is Technical Analysis and getting updates of fundamental news which comes with years of experience thus 90 % of losers are mostly newbies.

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August 31, 2023, 03:45:48 PM
 #30

If you don't learn much about trading and only rely on your current analytical skills, making a profit will be difficult.
The current crypto market has changed a lot and if you still don't want to learn more, you will miss the moment to make a profit, especially when the bull run comes.
Indeed, as beginners, we will often experience losses, but if we keep learning a lot, I'm sure we can benefit because we are trying to improve our ability to analyze the market.
Don't stop before you achieve your target and don't give up too early because maybe your next steps will determine your life changes.
Turn the mistakes you made the previous day into valuable lessons for you to be more advanced than the previous day.
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August 31, 2023, 04:31:57 PM
 #31

If you don't learn much about trading and only rely on your current analytical skills, making a profit will be difficult.
The current crypto market has changed a lot and if you still don't want to learn more, you will miss the moment to make a profit, especially when the bull run comes.
Indeed, as beginners, we will often experience losses, but if we keep learning a lot, I'm sure we can benefit because we are trying to improve our ability to analyze the market.
Don't stop before you achieve your target and don't give up too early because maybe your next steps will determine your life changes.
Turn the mistakes you made the previous day into valuable lessons for you to be more advanced than the previous day.

Basically in trading or when someone wants to start getting into a trade then there are indeed many things that we must prepare first, I'm sure your goal is to make a profit and you may have seen some people out there who made it big so it's like telling you to get into the same field. But on the other hand you have to remember there is no profit without the risk of loss, so I hope for you and also probably for most of those who just came will understand all this, I mean learn all the things that can bring profit and also learn some limits to minimize losses. Honestly I said some of the preparations they should have, like you said keep learning and digging a lot of knowledge from the references you get. Do not let you become a trader who loses direction when you are in the middle of the road, so from now on set your goals and plan your trading plan. And the last one is the most important in my opinion, you have to train yourself to be able to make peace in any condition, don't let you be controlled by your own desires, because obviously when traders get out of control then they will experience a lot of losses there.

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August 31, 2023, 04:48:24 PM
 #32

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 a beginner is thinking of quitting after losing so much on trading, there are two things involved which a mentor or role model would advice them to do - 1) go back to the basics. 2) Take a break. What these does is that it helps the beginner to evaluate and reevaluate their strategies, develop new ones or worst allow them come to the realization that trading is just not for them. You must be a trader...unless it is something that you are very passionate about. There are more than a thousand and one way to make money in cryptocurrency that is less risky than trading. They can explore those options too. However, going back to the basics may just be the best decision that they can make.

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August 31, 2023, 05:29:11 PM
 #33

That's quite a motivational post for beginners. But here's the thing. Trading is not for everyone. Tell me all the things you like but that's the truth. There's a limit on how much losses you can make. You need to have the ability to understand where your limit at. If you keep on losing and learn nothing from your mistakes or can fix your mistakes, then trading is not for you.

Every day people are joining into the crypto world. They are mostly here for the profits and money. But they are not focused on learning things properly and dive right into trading in hopes of making money. Trading is not easy and not a way to make quick money. The more you run after money, the more the money will run away from you. So instead, learn the process first and then continue on making money. And if that's not working out and you want to stick to crypto, then there are other sectors in the crypto world that you can explore.
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August 31, 2023, 07:27:41 PM
 #34

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 are for only those who are strong. Because it's just a mental game. Every battle happens only on the traders mind. That's why psychology is very important in trading.

It's not about the years you put in. It's about how well and how consistent you become on those years. That's how you get ahead of trading. Of course you will encounter difficult times and drawdowns. But it will be your choice if you quit or continue. Some cannot handle the pressure. 1% do.

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August 31, 2023, 07:28:40 PM
 #35

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
Very true. There is no stopping to achieve success in trading, but on condition that we continue to learn and gain knowledge about trading and learn from mistakes. Often our ego wants to beat market reality. We must always open our eyes and see the fact that trading is not always certain and always produces profits.

In fact, the losses experienced are clearly visible, both beginners and pro traders have experienced losses. Therefore we all have to be very careful, nothing is instantaneous and losses will become an experience for us in the future so that we are wiser in making decisions when trading.
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August 31, 2023, 07:58:35 PM
 #36

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
Very true. There is no stopping to achieve success in trading, but on condition that we continue to learn and gain knowledge about trading and learn from mistakes. Often our ego wants to beat market reality. We must always open our eyes and see the fact that trading is not always certain and always produces profits.

In fact, the losses experienced are clearly visible, both beginners and pro traders have experienced losses. Therefore we all have to be very careful, nothing is instantaneous and losses will become an experience for us in the future so that we are wiser in making decisions when trading.
Those mistakes would be your learning stepping stones on which this is something that you would really be needing yourself to get in lined with.Thing here is that dont make yourself in a rush because this is where

people usually do commit out mistakes on which they dont really be having such patience on doing so which it would really be ending up on committing errors which would really make the situation even gotten more
worst but sensibly speaking that it would really be better that we should really be taking that slow kind of pacing while understanding things along the way. Being a beginner which it would really be that understandable that you would really be needing to absorbed on whatever learnings that you would really be able to get along the way.

It would really be taking that sufficient or ample time for you to learn on things and this isnt something that you could really be able to obtain in a short period of time and a few
engagements but rather it would really be the opposite.

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August 31, 2023, 08:21:55 PM
 #37

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  be the best mentality  for a newbie trader and we all have to know that, nothing is certain in trading just as it is in gambling  and I love the fact that you already know that trading is a maybe 50/50 probability where neither profit or losses isn't guaranteed.
Well I've heard about some newbies joining some trading channels to stay profitable and I might not be a fan of trading signals but I think if one joins a good trading signal, there are possibilities  of staying in profits and your caption got me confused as I was expecting to see a write up of you talking about your entire trading journey but I got an advice rather.

R


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August 31, 2023, 08:40:40 PM
 #38

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.
However, losing money at the moment might motivate you to do your best next time and prepare for another trade by developing more of your skills and strategies that will pave way for your success. Trading has its own process, if you lose today, that does not mean that the same will happen tomorrow. As long as you make your efforts to learn and you are ready to control your emotions and stay away from greed, I guess there’s no reason that you’ll not be in profits the next time you trade.

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August 31, 2023, 09:27:31 PM
 #39

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
Losing can't be avoided while we are doing this (trading). In fact, even those who have in this field for many years are still also facing such things but not just like newbies who are really losing huge amounts. But not a surprise for me because I know that we can't beat the volatility of the market making us sometimes fail to figure out what will happen next. However, all the mistakes and losses that we've got seem to be our tool to grow as well but if we then think about easy at the very beginning, it was difficult for us.

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August 31, 2023, 09:38:06 PM
 #40

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
Every trader, even if they are professional traders in crypto, must have been a beginner. what differentiates them in the end being successful as traders and not is how they prepare themselves for trading, how they go through the process, how they carry out various evaluations for the best strategy, how they manage themselves to be wiser, smarter, and more careful, and how they make decisions at the right time.

All of these things have a big influence on a trader's process of being able to survive, develop, or have to go backwards. It's not just a matter of courage in trading. If it's just because you're brave without any of the things mentioned above, at a minimum, then that's the same as taking a high risk without preparation and just out of desperation. This is not good for the future. You have the right to step down if you feel that it is not enough and you need time for self-evaluation. Instead of imposing your condition, it will only become more like gambling. deserve yourself to be really prepared when you jump into the world of cryptocurrency trading because this is a high-risk thing.

R


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