My experience as a beginner trader

[Mahanton]

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Emotion is truely the enemy of the trading because it control the mind of trader, in everything you do you will definitely become a newcomer and you will make a lot of mistakes, that why you will be warn not to put all your savings in the trading to avoid the loss of everything rather invest what you can afford to lose even though you have enough money, invest small amount to see your perfection before putting in huge amount of money, don't put greediness in front.

Beginners are never even advised to use money to trade beyond their ability to understand the risks of trading itself. By that I mean they are likely expected to learn and understand how trading works including the assets they want to trade. You should not choose any asset randomly just because you can afford to lose money, even if you have a small budget then do some analysis.

There are many avenues to learn if they wish including; read, watch videos and even trade in demo mode.

All of these things would really be only done on the time that they would be experiencing those devastation when it comes into their funds because those things mentioned above isnt something that they would really be doing initially or on the time that they are really that starting up on which this is really that a very common known approach specially into those noobs who are really that rushing on making money or really that already thinking that they would become rich on the time that they would engaging on trading without even trying out to realize on whats the real deal within this market. We are all would really be experiencing on being a newbie since we are not all knowing kind of being on which on the time that we would really be first time on experiencing like trading then it would really be just normal that experiencing losses would really be more compared to those veterans or those oldies who had been dealing with this market for a long time already.If you are really that someone who doesnt really have that kind of awareness and knowledge then it would really be normal that you would really be seeking up first with those sensible information and other correlated things in regarding about trading. Other things or learnings would really be gained through real experience though but its better to take the slow pace rather than on making yourself that being rushed.

[nurilham]

My experience as a beginner trader is
I don't know how to read candles, I'm always burning money haha ​​I'm also always at a stop loss most of all I don't want to trade anymore because I don't have any money to trade and then I just tried really hard to learn how to do it somehow my trades almost win

That's because you trade too early. Ideally, you need to know first how to read candle/chart patterns before you started trading. A trader needs to understand both technical and fundamental aspects, it is the basic need in trading. If you still can't master them, how you analyze the market? Sure, the best decision is to learn first, just trade when you have sufficient knowledge.

just do it you must have a trading plan and then you have discipline in trading

Trading plan can be made if you have knowledge. If you still have lack of knowledge, you are difficult to make a proper plan. When you have no proper plan, that discipline will be nothing/useless.

[Hypnosis00]

A new member needs to know a lot about investing. If a new member enters the business without knowing or learning about investing, he will definitely lose his money. Besides knowing and learning in the first stage, trading should be done with such amount of money that you will not know your profit or loss by trading, a new member should trade with that amount of money only to improve trading skills. In new situation if we want to start trading without learning and knowing first then we will not understand anything about the market only we can take trading on guess which is very risky for our money. So first spend time learning and then apply that learning to trading.

I done this 2 years ago when i was just learning to trade and control emotions, I traded with my pocket money and blew my account many times and learned and hard earned experience which some people gain by losing their savings and huge amounts. I consistently make small profits now and I never think of quitting trading because market took my money and i will take money from market slowly.

One reason why many traders have failed is because of their greediness. In trading, we also have to know contentment and we have to accept small earnings because we are not controlling the market nor it give a favor to us every day. If ever we get $100 today, we must be happy with that because we never know that by tomorrow we also lose $100. In fact, as a beginner, we can't expect that we are to earn right away but rather be expecting to lose. However, on the other sides, we are also earning from it, and can be useful as we continue our journey.

[poodle63]

usually as a beginner its better if you test out small amount of money, checking the water, seeing how overall market actually works, then you might slowly increase the capital that you traded, because newbies aren't really knownig what they are truly capable of because they haven't encountered some circumstance where the market is going out of the usual textbook technical analysis guides so some of them are gonna gets confused because of it, testing the water using small amount of capital shown to be massively effective for newbies while not really endangering their whole life saving for the sake of knowing or starting their trading journey, though sometimes these so called beginner traders ended up becoming investors after they know that trading is more exhausting that they seemed to picture it out to be.

[fauzan Ichsan]

A new member needs to know a lot about investing. If a new member enters the business without knowing or learning about investing, he will definitely lose his money. Besides knowing and learning in the first stage, trading should be done with such amount of money that you will not know your profit or loss by trading, a new member should trade with that amount of money only to improve trading skills. In new situation if we want to start trading without learning and knowing first then we will not understand anything about the market only we can take trading on guess which is very risky for our money. So first spend time learning and then apply that learning to trading.

I done this 2 years ago when i was just learning to trade and control emotions, I traded with my pocket money and blew my account many times and learned and hard earned experience which some people gain by losing their savings and huge amounts. I consistently make small profits now and I never think of quitting trading because market took my money and i will take money from market slowly.

One reason why many traders have failed is because of their greediness. In trading, we also have to know contentment and we have to accept small earnings because we are not controlling the market nor it give a favor to us every day. If ever we get $100 today, we must be happy with that because we never know that by tomorrow we also lose $100. In fact, as a beginner, we can't expect that we are to earn right away but rather be expecting to lose. However, on the other sides, we are also earning from it, and can be useful as we continue our journey.

Greed is indeed the main obstacle for a trader, who is not satisfied with the profits he has achieved, so wanting to pursue even greater profits is even illogical. If it's like that, it means the same as gambling, we will suddenly get rich or fall into poverty, but if we continue, we will lose in the end, because luck will not come continuously. therefore learning to repair and maintain our emotions is very important

[Fivestar4everMVP]

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

Haha. In as much as I agree with you, also note it that, there always arrives a time in the life of some potential traders when they will have to make a decision either to quit or keep losing money, quitting is not always a bad thing in some circumstances, after all, it is often said that those who fight and run away, will live to fight another day ..

Quiting does not necessarily mean that the person is done for life, a trader might discover another or some other sources of incomes which he is better at, and decide to leave trading to focus on that , while some other might want to take a break from trading to put their life and emotions in a better shape before running back ..

I myself have quit trading several times to get better control of myself, but I still return back better than I left, and even though time won't permit me to trade as frequently as a want nowadays, I am still very happy with the knowledge I've acquired so far ..

[jossiel]

As you are saying about emotions, when it seems to be not that good anymore and most results that you're having within the day through your trades are not that good then it's okay to quit.

Not all the times that quitting is a bad thing.

Yes and every trader will definitely feel this kind of condition where he experiences a loss that causes himself emotions and after that I think if indeed he does not have firmness in his self-control then it is very likely that he does not know what the stop is about, and obviously after that they must continue to trade but by relying on emotions not knowledge, sometimes I also like to see not a few of them who end up experiencing MC. So it means that self-control is very important in trading, even if you have a 100% accurate strategy it does not necessarily bring real victory if you do not have a good mental and psychological. Yes, it's true, even though stopping is not a bad thing, but well it's difficult if the person is already emotional.

Self control, it is important and many are discussing that for so many times. Without which, a trader is bound to his own losing trades because as a trader, newbie or not, when you can't control yourself and there's the market fundamentals changing over time, you'll have hard time dealing with it.

Just like how we trade with some feature of stop loss, quitting is helping us to keep that to ourselves because sometimes we forget and with our emotions, makes us more pushy and eager but if it's not doing good. It means that it's not a good encouragement to keep going on.

Yes, basically in trading we must always use good planning in addition to strategy, as you said stop los and take profit are very important there, and also only that can help you not to lose too much. But yes emotions are like our enemies, it's like we are at war with ourselves, especially when it is difficult to find the right decision, I'm sure all traders experience things like this, honestly I myself am also not strong when I am in a position like this.

Because trading is a game of emotions and strategies.

When you're weak emotionally, you'll lose against the market and that's how many are being eaten by the bigger and more experienced traders.

[Bushdark]

usually as a beginner its better if you test out small amount of money, checking the water, seeing how overall market actually works, then you might slowly increase the capital that you traded, because newbies aren't really knownig what they are truly capable of because they haven't encountered some circumstance where the market is going out of the usual textbook technical analysis guides so some of them are gonna gets confused because of it, testing the water using small amount of capital shown to be massively effective for newbies while not really endangering their whole life saving for the sake of knowing or starting their trading journey, though sometimes these so called beginner traders ended up becoming investors after they know that trading is more exhausting that they seemed to picture it out to be.

Being a newbie is very challenging especially when we are on the wrong track and not with people that are ready to help our trading career and journey. Newbies normally encarta challenges going live which should not be a big problem to us. As a trader, one need to be bold and ready to learn more from the market or else we can keep making losing with little profits that can not cover our loses and give us profits. There are many things to learn as a trader fr emotions to trading journal and how to analyze the market.

[promise444c5]

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

Haha. In as much as I agree with you, also note it that, there always arrives a time in the life of some potential traders when they will have to make a decision either to quit or keep losing money, quitting is not always a bad thing in some circumstances, after all, it is often said that those who fight and run away, will live to fight another day ..

Quiting does not necessarily mean that the person is done for life, a trader might discover another or some other sources of incomes which he is better at, and decide to leave trading to focus on that , while some other might want to take a break from trading to put their life and emotions in a better shape before running back ..

I myself have quit trading several times to get better control of myself, but I still return back better than I left, and even though time won't permit me to trade as frequently as a want nowadays, I am still very happy with the knowledge I've acquired so far ..

That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week  in which when elapsedthey stay out of market entries.

 However,  they never quit instead they did take some breaks.So, You can also take breaks from your trades either you are winning or losing

[Wiwo]

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

Haha. In as much as I agree with you, also note it that, there always arrives a time in the life of some potential traders when they will have to make a decision either to quit or keep losing money, quitting is not always a bad thing in some circumstances, after all, it is often said that those who fight and run away, will live to fight another day ..

I don't know why some traders will see quitting as a sign of giving up,  but come to think of it this way,  quitting does not necessarily mean that the trader has left the space forever,  but as a sign to free up his head from the many hustle and muzzle of the day,  this have shown to be very helpful to many who are losing excessively,  trading is same as gambling so for that,  taking a break really help a whole lot,  and more also when one take a break it very important to invest that time into some other things that will help them make better future trading decisions.

As time goes along the trader will be able to free up his/her head and make other plans to take proper advantage of the market,  so taking a break is a positive sign of being a conscious and calculated future move.

[Stable090]

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

Every trader has a past, everyone faced a difficult moment when they started learning how to trade. Some of them gave up after losing all their money in trading and never came back, while others lost all their money in trading, went on a break, and came back after accumulating money and more knowledge about trading. The reason why some newbies do give up and never come back to trading after losing money as a beginner is because they think trading is a get-rich-quick scheme, they believe that if they start trading immediately,  they will start making money instantly, but they don’t know trading is entirely different, trading requires consistent learning and practicing, and even professional traders do lose money.

[lalabotax]

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

You will become a professional trader if you have had various experiences, both bitter and sweet. Everything will have its own process. And this will depend on what you undergo and evaluate. Becoming a successful and professional trader is not easy. There are many things to have and go through. That doesn't mean they are people who never lose when trading, no. They are people who also sometimes lose, but the level of their losses is certainly smaller than their profits. And they can immediately cover these losses with other, bigger profits. From here, there must be appropriate and fast evaluations and steps that they can take to optimize all processes, and this requires good experience and knowledge to immediately anticipate various market conditions.

[G_Besar]

That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week  in which when elapsedthey stay out of market entries.

It is more appropriate to say that it is a pause or short break before starting trading again in the market, because if it is said to stop, it might be understood as something different than just taking a short break in trading. And I think taking a short break is necessary in order to be able to organize everything necessary for the next trade on some coins that we like, but I would not call it a stop because stopping is not a wise option for traders who already know how and have often experience profits through trading.

However,  they never quit instead they did take some breaks.So, You can also take breaks from your trades either you are winning or losing

Taking a break for a while is very common if it is deemed necessary by some part-time traders, but they will never stop with their activities as long as they still have the potential to make a profit with their trading. Moreover, some traders really like to use several exchanges with several methods that they consider reliable for trading, of course they will find it difficult to stop trading.

[Aanuoluwatofunmi]

My experience as a beginner trader is
I don't know how to read candles, I'm always burning money haha ​​I'm also always at a stop loss most of all I don't want to trade anymore because I don't have any money to trade and then I just tried really hard to learn how to do it somehow my trades almost win

That's because you trade too early. Ideally, you need to know first how to read candle/chart patterns before you started trading. A trader needs to understand both technical and fundamental aspects, it is the basic need in trading. If you still can't master them, how you analyze the market? Sure, the best decision is to learn first, just trade when you have sufficient knowledge.

just do it you must have a trading plan and then you have discipline in trading

Trading plan can be made if you have knowledge. If you still have lack of knowledge, you are difficult to make a proper plan. When you have no proper plan, that discipline will be nothing/useless.

I think the first recommendation to give to a newbie is to start from somewhere in learning how to trade and knowing the functions of all the trading indicators together with their signals https://bitcointalk.org/index.php?topic=5446799.msg61999785#msg61999785 this will also helps you towards learning more about trading as a beginner and have some little experience couple together with what you learn online and on the forum here, know that not only in trading are we required to have the knowledge of what to do, it has to be on everything we have developed our mind to go for.

[Best-mary]

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

Haha, what a funny OP. But then not everyone really loose that much while learning how to trade. These days, what some newbies does is learn from elite traders they copy their trade from. It's like earning while you trade. It also doesn't mean those elite traders don't fail, they do but at as many losses incurred when trading by yourself for the first time

[promise444c5]

That's it there, you never quit rather you took some rest. It's normal for both newbies and even professional to take a break from their trades ,some even set up the number of days and pseriods they ought to use for trading in a week  in which when elapsedthey stay out of market entries.

It is more appropriate to say that it is a pause or short break before starting trading again in the market, because if it is said to stop, it might be understood as something different than just taking a short break in trading. And I think taking a short break is necessary in order to be able to organize everything necessary for the next trade on some coins that we like, but I would not call it a stop because stopping is not a wise option for traders who already know how and have often experience profits through trading.

My bad , I should have added a tag "replying  to" besides, I didn't made mention of  the key word "Stop" you emphasised on but it's a good clearance though and I like the specification "short break" yes, the break should be considered as a short break precisely

[Ziskinberg]

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

You will become a professional trader if you have had various experiences, both bitter and sweet. Everything will have its own process. And this will depend on what you undergo and evaluate. Becoming a successful and professional trader is not easy. There are many things to have and go through. That doesn't mean they are people who never lose when trading, no. They are people who also sometimes lose, but the level of their losses is certainly smaller than their profits. And they can immediately cover these losses with other, bigger profits. From here, there must be appropriate and fast evaluations and steps that they can take to optimize all processes, and this requires good experience and knowledge to immediately anticipate various market conditions.

Because losing is very usual when it comes to trading and why? It is because we are not the ones who control the market. Because if we are, all traders have become rich already. We have to think that due to the market volatility, and the up and down of prices, we are able to earn. Therefore, we don't need to change how the market works but also, we have to accept the losses are something to happen to us. Quitting is not the solution but can be an option if we really don't feel confidence.

[Litzki1990]

usually as a beginner its better if you test out small amount of money, checking the water, seeing how overall market actually works, then you might slowly increase the capital that you traded, because newbies aren't really knownig what they are truly capable of because they haven't encountered some circumstance where the market is going out of the usual textbook technical analysis guides so some of them are gonna gets confused because of it, testing the water using small amount of capital shown to be massively effective for newbies while not really endangering their whole life saving for the sake of knowing or starting their trading journey, though sometimes these so called beginner traders ended up becoming investors after they know that trading is more exhausting that they seemed to picture it out to be.

Being a newbie is very challenging especially when we are on the wrong track and not with people that are ready to help our trading career and journey. Newbies normally encarta challenges going live which should not be a big problem to us. As a trader, one need to be bold and ready to learn more from the market or else we can keep making losing with little profits that can not cover our loses and give us profits. There are many things to learn as a trader fr emotions to trading journal and how to analyze the market.

A task that is difficult for a person, no matter how easy the new task is, will seem very difficult to that person. When a person gets proper guidance about that task, he will find the task much easier. Trading in the beginning is a very difficult thing for a new member. If a new member does not have someone to help him, he will find it much more difficult to think about where he will start or where he will end or how he will do things. There are many new members who don't understand the basics well that's why they quit trading. For those members who join this forum to learn about various aspects of trading, it is very easy to know about trading. Can easily post on forums or ask questions about things he doesn't understand. Any new member will be very experienced on the trading side in no time if given proper guidance.

[Bitcoin_people]

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

A person who is a strong trader and sometimes loses his money just because of some wrong decisions. In that case a new trader loses their money due to various wrong decisions. However, if an investor trades according to the advice of a successful trader, he will definitely avoid losses. Good planning must be done to eliminate risk management which can always be profitable. A new trader can never be wise, to be wise one must first take good advice and know the market strategy. If he trades by adopting different strategies then he can definitely profit but he must follow the good aspects.

[HONDACD125]

A person who is a strong trader and sometimes loses his money just because of some wrong decisions. In that case a new trader loses their money due to various wrong decisions. However, if an investor trades according to the advice of a successful trader, he will definitely avoid losses. Good planning must be done to eliminate risk management which can always be profitable. A new trader can never be wise, to be wise one must first take good advice and know the market strategy. If he trades by adopting different strategies then he can definitely profit but he must follow the good aspects.

Mistakes can happen to anyone, even an experienced trader can often face losses due to mistakes. This is the crypto currency market, here the market can sometimes go against our analysis which can cause us to suffer losses, but the difference between a new and an experienced trader is that an experienced trader knows how to correct his mistakes, and how to fix them. It is easy for him to recover his loss.



On the other hand, new traders often face losses due to their poor planning. He does not know much about market fluctuations, profit and loss and what strategy to adopt with the market. Of course, a new trader should follow the strategies of experienced traders and learn from them. Trading in this way can be very beneficial for new traders. No matter how wise one is, if one does not have experience and knowledge in the field, there is always a risk of loss. When I started trading, I had no experience. At that time I did not learn anything from anyone, because of which I often lost, because I had no knowledge of the market. So trading without learning here is not without loss.