My experience as a beginner trader

[Mahanton]

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 "

It's a great idea to keep learning by keep losing but who will compensate for the losses in the process? It is not advisable to keep your trading activity alive if you keep losing trades. If your situation is not improving then you should stop trading and keep analyzing your old trade record to find out what's wrong with your strategy. Perhaps you should think about using a demo account to test your strategy again and again.

You can take a break. Trading will always be there. It’s only you who can compensate for your losses so you have to take a step back, maybe chill out for a bit. Reflect on your trades, see what went sideways, and learn from it. There must be something that you have to do differently if you keep on losing. Rhat’s why its a good thing we have this kind of forum. Trading journey is given to be tough but with determination and a continuous effort to learn and adapt, a beginner can navigate the complexities of trading and improve skills over time.

Working on mistakes in trading and compensating losses involves not only revising and analyzing your strategy. And not only in changing the approach and using other tools. This is also about big work on your internal qualities, on your expectations, endurance, patience, emotions. And it is failures in this work that most often become the cause of unsuccessful trading. Although another trader using the same analysis tools may succeed, because his soft skills allow him to do this.

There are people who do just let those mistakes and errors do continue and doesnt really have any plans on making out some adjustments despite of those losses then this is someone that cant really be that progressive
and would continously be losing up money until he would really be making conclusions that he's not really that successful on trading field.Whereas, into that someone whose really that good when it comes to adjustments on which this is really that something that needs to be done in the first place if you are really that serious when it comes trading.You would really be needing to adjust if you would really be needing to sustain or else then you would really be keeping on making on the same mistake again and again and this is something not would really be good on your bank.

Therefore, it would really be just that good that you would really be doing things on what are the right steps that should be done.Even though this market is unpredictable but doesnt mean that it isnt something
that could be handled up well. Its up really to you on what are the adjustments that you would really be making and what are the things that you would gonna do.
You cant really just be that so confident basing up on whats up or the thing into your mind.

[1715048121]

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[1715048121]

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[Etranger]

There are people who do just let those mistakes and errors do continue and doesnt really have any plans on making out some adjustments despite of those losses then this is someone that cant really be that progressive
and would continously be losing up money until he would really be making conclusions that he's not really that successful on trading field.Whereas, into that someone whose really that good when it comes to adjustments on which this is really that something that needs to be done in the first place if you are really that serious when it comes trading.You would really be needing to adjust if you would really be needing to sustain or else then you would really be keeping on making on the same mistake again and again and this is something not would really be good on your bank.

Therefore, it would really be just that good that you would really be doing things on what are the right steps that should be done.Even though this market is unpredictable but doesnt mean that it isnt something
that could be handled up well. Its up really to you on what are the adjustments that you would really be making and what are the things that you would gonna do.
You cant really just be that so confident basing up on whats up or the thing into your mind.

I am not sure if I got all of your post correctly, because I faced some trouble to understand your English writing style, too much "would" and "really" and "adjust" for me, to be honest. But from what I could conclude, your main point is that confidence is not something attachable to trading. Yes, we cannot say about being confident about the actions you make on the market, but we definitely can say about consistency and adherence to the chosen strategy with its subsequent correction. This is the only way to learn the elements of trading and feel like you can succeed one day.

[EluguHcman]

At the height of begining in investment and in trading, it is not a mandatory that everyone must fail to learn.
If there must be experience to take conciousness about, it could be of one learnt from others by admitting to enquiries and consultations.

Meanwhile... The failing on investment is sometimes on based on the fact that one does not devote passion on the sector of the investment before considering learning about the educational and marketing Strategic system of the processes.
However, you could at times get to extremely knowledgeable on the system but the crawling of the market could trigger you stake to loose due to unsettlement and persistence to patient.

The awareness of failure is a must key point to carefulness and to stand firm else it would be a weakening backup you falls and harden to be up again but if you can mastermind the floor and being adaptive to the system as a matter of fact, the slippery wouldn't be a threat to your walk through with your stainless garment.

[Dimitri94]

It is not a problem for a trader to make losses but when he starts trading without basic knowledge and experience, he may leave the trading platform. There are some traders who make mistakes and learn from the mistakes and continue trying to succeed but there are some new traders who don't want to learn by himself and when they get hurt they leave the platform. If one leaves without acquiring knowledge, one must understand that he has been defeated. If a person tries to know then surely he can learn even if it takes more time. Trading is not a simple subject that someone can learn very easily. So a beginner trader need to be patience.

[bbigtart]

It is not a problem for a trader to make losses but when he starts trading without basic knowledge and experience, he may leave the trading platform. There are some traders who make mistakes and learn from the mistakes and continue trying to succeed but there are some new traders who don't want to learn by himself and when they get hurt they leave the platform. If one leaves without acquiring knowledge, one must understand that he has been defeated. If a person tries to know then surely he can learn even if it takes more time. Trading is not a simple subject that someone can learn very easily. So a beginner trader need to be patience.

Yes that's right. Mistakes in trading are normal, but with the condition that you have to learn from these mistakes and turn them into experience. Because for trading you don't only need to learn to know the fundamentals of the coin you want to trade, but as a beginner trader there are usually lots of mistakes and with these mistakes you can learn to be better if giving up will make you lose.

When you decide to become a trader, your financial literacy will indirectly increase, of course in the right way. Analysis is important, it doesn't need to be as detailed as it is, the most important thing is that the source you get is a trusted source and you can analyze it independently, don't be taken in by "he said, he said."

Crypto trading is not easy, flying hours determine it. Start from crypto screening to select coins and enter the watch list based on fundamental analysis, technical analysis including news/trends. Then the timing of when to enter technical analysis. And money management, don't forget to maintain your psychological health as a trader.

[kingvirtus09]

There are many things to consider when we enter the world of real trading. We must be prepared and aware of every wrong strategy that we can use in actual trading here in the crypto space. And with every mistake, we have a lesson to learn. There can't be nothing, because with every mistake, our knowledge is sharpened on how to approach us correctly so that we can get a profit in trading.

And with every experience we have, even if it's good or positive, we still learn something from it. Actually, it seems that everything becomes balanced in every action and decision we make, whether it's right or not.

[I_Anime]

As beginner and old traders, Trading not something you can control that easily,Normally as a trader you are band to loss. Losses is not something you can easily neglect, But doesn't mean you can't manage or reduce it. That why at first before starting trading you must make sure you're  well prepared for any thing, And the other thing you should know is that learning and gaining more  knowledge in trading never ends.Because every day as a trader you learn, through losses or through profiting. Because no matter are you claim to be experienced in trading. Meh you still gonna loss, funny thing and also the dangerous mind set about New traders They are blinded with 'I'm going to make it big real fast' And that mindset only causes more losses I can relate lol 😅,So as an inexperienced trader you should focus on trading spot first before thinking of jumping to future. No matter what quitting is truly NEVER an options focus on achieving your goals.

[lienfaye]

It is not a problem for a trader to make losses but when he starts trading without basic knowledge and experience, he may leave the trading platform. There are some traders who make mistakes and learn from the mistakes and continue trying to succeed but there are some new traders who don't want to learn by himself and when they get hurt they leave the platform. If one leaves without acquiring knowledge, one must understand that he has been defeated. If a person tries to know then surely he can learn even if it takes more time. Trading is not a simple subject that someone can learn very easily. So a beginner trader need to be patience.

There are weak traders who are easily discourage when they failed in trading. It's understandable if they don't want to continue and will just decide to quit since we have different mindset and approach when we trade.

However, if you're this kind of trader who can't stand having an experience where you lose then you can't learn. Knowledge is a must in trading and experience will give a lesson to be a successful trader. Trading might not be suited for all, but isn't it better to try first? Than quitting at an early stage.

[Ahli38]

It is not a problem for a trader to make losses but when he starts trading without basic knowledge and experience, he may leave the trading platform. There are some traders who make mistakes and learn from the mistakes and continue trying to succeed but there are some new traders who don't want to learn by himself and when they get hurt they leave the platform. If one leaves without acquiring knowledge, one must understand that he has been defeated. If a person tries to know then surely he can learn even if it takes more time. Trading is not a simple subject that someone can learn very easily. So a beginner trader need to be patience.

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

[AnonBitCoiner]

There are weak traders who are easily discourage when they failed in trading. It's understandable if they don't want to continue and will just decide to quit since we have different mindset and approach when we trade.

However, if you're this kind of trader who can't stand having an experience where you lose then you can't learn. Knowledge is a must in trading and experience will give a lesson to be a successful trader. Trading might not be suited for all, but isn't it better to try first? Than quitting at an early stage.

Courage is the only way by using which a person can achieve his desired goals so it is necessary that take a lesson from your mistakes and losses and then move on because these little mistakes can become step for you towards victory. There are large number of individuals who never attain their goals because they are afraid that their money will be lost.

I think that losing of little percentage is necessary sometimes because in future you will always avoid to repeat these mistakes. By leaving one field due to negative thoughts will make you emotionally disturbed so whenever you find that certain field is successful but has some risks then you will never accept it because you will feel fear always and will think negatively instead of the fact that better side also exists here.

[Fara Chan]

There are many things to consider when we enter the world of real trading. We must be prepared and aware of every wrong strategy that we can use in actual trading here in the crypto space. And with every mistake, we have a lesson to learn. There can't be nothing, because with every mistake, our knowledge is sharpened on how to approach us correctly so that we can get a profit in trading.

Every thing is like that, meaning that everyone who wants to take action in trading with a certain strategy is not expected to feel afraid of mistakes in their strategy. Because everyone can always learn from mistakes when everyone is willing to accept these mistakes as lessons that will direct them to a better path and I quite agree with what you said.

And with every experience we have, even if it's good or positive, we still learn something from it. Actually, it seems that everything becomes balanced in every action and decision we make, whether it's right or not.

Usually, one mistake we have made will make us more mature in facing all conditions by continuing to make improvements to other work as a whole. Because the first mistake is a lesson that must be remembered when you want to do anything new in all sectors, including in very real trading sectors such as the crypto market.

[Inwestour]

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit.

[Peanutswar]

It is not a problem for a trader to make losses but when he starts trading without basic knowledge and experience, he may leave the trading platform. There are some traders who make mistakes and learn from the mistakes and continue trying to succeed but there are some new traders who don't want to learn by himself and when they get hurt they leave the platform. If one leaves without acquiring knowledge, one must understand that he has been defeated. If a person tries to know then surely he can learn even if it takes more time. Trading is not a simple subject that someone can learn very easily. So a beginner trader need to be patience.

Traders who would like to join the world of trading without prior knowledge and lose their assets are the most often quit this trading industry possibly the reason is they cant afford to lose, and not interested anymore. Some of them keep continuously learning with trading, they learn from themselves or hire trainers or coaches so they can really learn. Actually, a lot of information in the internet all you need is to have the will to learn you don't need to hire other people anymore. It is survival of the fittest only the people who have the will to earn in trading will reach those profit they want.

[cafter]

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit.

I have a list of rules that I learned and made over time, And there I written in huge red bold text that never break a single rules listed here. But in last after getting loss after loss, I break them sometimes I profit from breaking the rules but most of the times I bust my whole account, So it is important to build discipline and patience gradually. Trading is a game of patience if you are young you have strong desire to get rich quick then sorry, trading is not for you, trading is for people with patience and discipline. I am now becoming a little disciplined following my rules. but who knows in future i will break them or not.

[Pingrapole]

Actually true story90% of people fail in training I am talking about many experienced people I know who have done very well in trading in past days but still they fail because trading is not new and ancient here Any human can fail so you need to gain experience and be patient before playing here now if you come to trading with small capital and if fail Then it is natural that you will not have the courage to do anything later So think newbies should invest in Bitcoin with spread knowledge without going into trading and wait diligently and go to work.

[Assface16678]

Actually true story90% of people fail in training I am talking about many experienced people I know who have done very well in trading in past days but still they fail because trading is not new and ancient here Any human can fail so you need to gain experience and be patient before playing here now if you come to trading with small capital and if fail Then it is natural that you will not have the courage to do anything later So think newbies should invest in Bitcoin with spread knowledge without going into trading and wait diligently and go to work.

Yes I agree, because beginners tend to lose money at first because they skip a lot of prcess such as training and such, there are demo acoounts in every trading platform but they choose to trade in a live acoounts you which resulted to lose of capital and lead them to quit. Good traders start as a beginner and experienced lose even they have years of experience in trading, thars right we never know what will happen in the market so lossing a trdae is a common, its will depends on how will the trader cope up. Anyway trading journey is not an easy thing, Its good that the op has a good mindset and optimistic side which will be useful for him to cope up whenever he faced lose trade. I personally cant consider myself a professional trader as I still experiencing lose trade which is the fault of the market.

[Ahli38]

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit.

So true. Discipline also plays an important role in trading. Because no matter how good the analysis we have made, we have careful planning and we also keep a journal to see our trading performance. But none of this will work properly if we ourselves are not disciplined in carrying out the trading plans that we have created ourselves. And talking about discipline is actually also closely related to emotional management and related to our own mentality. For example, we have a profit target and stop loss target. But because our mentality is weak, sometimes we sell when the profit target has not been met or sometimes we become greedy and want more profit and miss the profit target that we have set and planned from the start. Well, discipline disappears here because we are not good at managing our emotions and mentality.

But I was also in a situation like that. In fact I learn more slowly. It took a few losses until I finally learned everything properly. And it turns out that increasing experience also strengthens our mentality and makes us more adept at managing our emotions and when we are good at managing our emotions and our mentality is strong, we can become more disciplined.

[ndutndut]

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 "

Everyone has experienced losses in trading, especially if they are still beginners, almost everyone has felt it and it is true that the steps you take should never stop. What you convey is reality and this is expensive knowledge from failure.

Coincidentally, I am also in the failure phase in trading and most beginner traders have the wrong mindset from the start, namely wanting to get rich quickly. Maybe this was my initial mistake, but I prioritize looking for techniques, analysis and the latest information, of course learning from experience.

The key to trading is in your mindset. If your mindset is good then your psychological condition will be good, so you can control yourself when you enter the market. because it is not uncommon for traders to be psychologically damaged, resulting in high levels of greed and self-confidence resulting in losses.

[dunfida]

And actually far more people give up after experiencing losses in trading. And usually people who give up easily are those who from the start thought trading would be easy for them even without sufficient insight. Because some beginners even immediately brag after getting some profits at the start of their trading. But then when they lose money, they start to get frustrated and decide to stop. However, learning to trade does take time. In theory it could be learned in just a few weeks or months. But in terms of mental or psychological resilience, more time and experience is needed. So everything requires quite a long process and patience. Because in the end it is experience that provides the most valuable lessons in anything, including in crypto trading.

Everyone talks about how important it is to learn, but not many traders do it. Even those who understand the importance of stop loss and the risk of management neglect these rules at the most crucial moment, and then say that they have lost their entire trading deposit. First of all, a trader must develop discipline within himself and create a list of rules that should never be violated and follow it with a small deposit, if it shows positive dynamics, then you can begin to increase your trading deposit.

So true. Discipline also plays an important role in trading. Because no matter how good the analysis we have made, we have careful planning and we also keep a journal to see our trading performance. But none of this will work properly if we ourselves are not disciplined in carrying out the trading plans that we have created ourselves. And talking about discipline is actually also closely related to emotional management and related to our own mentality. For example, we have a profit target and stop loss target. But because our mentality is weak, sometimes we sell when the profit target has not been met or sometimes we become greedy and want more profit and miss the profit target that we have set and planned from the start. Well, discipline disappears here because we are not good at managing our emotions and mentality.

But I was also in a situation like that. In fact I learn more slowly. It took a few losses until I finally learned everything properly. And it turns out that increasing experience also strengthens our mentality and makes us more adept at managing our emotions and when we are good at managing our emotions and our mentality is strong, we can become more disciplined.

No only on trading but also in other aspects or things that you would really be encountering along the way on which you would really be needing that kind of discipline or control of things on which you would really be needing such thing to assess out whether you should really be that continuing or would really be that holding into your position.In speaking about trading then there's still so much things that needs up to be learnt or simply
you would really be needing up that kind of common sense and trying out to adapt on what are the things that should really be needing to be done so that you would really be able to make yourself that
hover out without much of a problem because if you dont really that mind on what those things along the way then it would really be that a huge problem.

Being new into this industry then it would really be that hard which it would really be just that normal, therefore you would really be needing up that sensible way on how to approach and act
things accordingly. You cant really just that make yourself that rush into things without proper understanding on things or situations that you are into.

[Popkon6]

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 "

New traders face the most losses in trading. Without any thought they directly participate in trading just for the purpose of earning money and they are forced to lose their wallet. If trading is possible then one must have knowledge about the market and subsequently about various exchanges. Trading according to the season is definitely possible to be successful. Although currently time trading is definitely profitable as the market is most up and down during this period. And the more a trader trades, the more experienced he is and the less likely he is to lose, because trading is successful if he can research the market.