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Author Topic: My experience as a beginner trader  (Read 1682 times)
knowngunman
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November 02, 2023, 08:21:00 AM
 #201

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

To me, I see Trading as similar to playing a game where you need to learn from your mistakes to become better. And quitting should never be an option because even if you lose you can still learn something from the experience. The idea of learning from mistakes and growing stronger as a result is not only applicable to trading but can be applied to all sorts of areas. It's often said that you have to lose to win. Some successful people who lose early in their careers often come back stronger and more resilient because they've learned from their mistakes. The same is true in trading where failure is often seen as a learning opportunity. Although it can be easy to get discouraged when things don't go our way but if we shift our perspective and see every loss as a chance to learn and grow, we can keep moving forward even when it's difficult.

There's a popular saying in pidgin that goes like this, "Na person wey give up lose" meaning that "You don't fail until you quit." And I think this really sums up the idea that losing is only a failure if you give up. If you keep trying and learning from your mistakes, you'll always be making progress even if it doesn't feel like it at the time.











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GiftedMAN
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November 04, 2023, 07:47:20 PM
 #202

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

To me, I see Trading as similar to playing a game where you need to learn from your mistakes to become better. And quitting should never be an option because even if you lose you can still learn something from the experience. The idea of learning from mistakes and growing stronger as a result is not only applicable to trading but can be applied to all sorts of areas. It's often said that you have to lose to win. Some successful people who lose early in their careers often come back stronger and more resilient because they've learned from their mistakes. The same is true in trading where failure is often seen as a learning opportunity. Although it can be easy to get discouraged when things don't go our way but if we shift our perspective and see every loss as a chance to learn and grow, we can keep moving forward even when it's difficult.

There's a popular saying in pidgin that goes like this, "Na person wey give up lose" meaning that "You don't fail until you quit." And I think this really sums up the idea that losing is only a failure if you give up. If you keep trying and learning from your mistakes, you'll always be making progress even if it doesn't feel like it at the time.
Whether we are interested in learning from other people's mistakes, the most important things is that we are still going to make our own mistake so we can have the experience as a crypto trader. Trading needs a great knowledge and experience for us to reach a level where we don't make too much loses in the market. As a beginner or newbies, we need to be prepared to learn and also ask questions so that we can learn those things we don't understand. Having a mentor as a newbie will help us to understand the market and how it works.

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kingvirtus09
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November 08, 2023, 02:34:51 PM
 #203

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

To me, I see Trading as similar to playing a game where you need to learn from your mistakes to become better. And quitting should never be an option because even if you lose you can still learn something from the experience. The idea of learning from mistakes and growing stronger as a result is not only applicable to trading but can be applied to all sorts of areas. It's often said that you have to lose to win. Some successful people who lose early in their careers often come back stronger and more resilient because they've learned from their mistakes. The same is true in trading where failure is often seen as a learning opportunity. Although it can be easy to get discouraged when things don't go our way but if we shift our perspective and see every loss as a chance to learn and grow, we can keep moving forward even when it's difficult.

There's a popular saying in pidgin that goes like this, "Na person wey give up lose" meaning that "You don't fail until you quit." And I think this really sums up the idea that losing is only a failure if you give up. If you keep trying and learning from your mistakes, you'll always be making progress even if it doesn't feel like it at the time.

It means that the best teacher for us to learn from is the one we turn to every time we make a mistake. Because it teaches us and also makes us realize that what we did should not be done or repeated. Rather, it helps us bring out our true potential.

So, the saying that experience is the best teacher is true. So even from Op's experience, we also have a lesson to be learned in reality. as long as the important thing is to never stop learning and instead continue to learn.

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November 12, 2023, 07:03:07 AM
 #204

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

Confused, fearful, FOMO, freaked out, disappointment, unsatisfaction, losses, etc.—let's put it in a simple word: total disaster. I know most people started with these kinds of mixed feelings, but it will clear the path in the future. Early trading is not even easier either. Scammers have been the major headache from the beginning until now. There is no doubt that beginners will fall for their trick easily without even thinking. And telling the truth honestly, the major reason why many people entered the crypto market was due to scammers. I don't know how much you earned or sacrificed in your beginning journey, but here you are, so remember those days with pride and keep going.

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November 12, 2023, 07:16:04 AM
 #205

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
No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Quitting because of initial failure is actually not a good idea because others who persist and didn't quit will definitely get bigger someday and you would wish you had continued, it is very normal with trading that you will definitely become successful some day only if you stay consistent and keep improving on your trading skills, continuous study and practice gets you to the point bof optimal profitability and becoming the best in the game, the mistakes helps you get even better because you learn from them.

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November 12, 2023, 11:27:36 AM
 #206

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
No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Quitting because of initial failure is actually not a good idea because others who persist and didn't quit will definitely get bigger someday and you would wish you had continued, it is very normal with trading that you will definitely become successful some day only if you stay consistent and keep improving on your trading skills, continuous study and practice gets you to the point bof optimal profitability and becoming the best in the game, the mistakes helps you get even better because you learn from them.
Those who have succeeded in making a profit from trading but are still studying it so that they have good knowledge about the trading they are doing, because if they no longer study it and when there are problems they encounter then they will experience difficulties because they have not studied it.
You are right, those who correct the mistakes they make in trading will of course be even better at the trades they make because they already know how to avoid the losses they have experienced.
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November 12, 2023, 11:27:29 PM
 #207

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
No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Quitting because of initial failure is actually not a good idea because others who persist and didn't quit will definitely get bigger someday and you would wish you had continued, it is very normal with trading that you will definitely become successful some day only if you stay consistent and keep improving on your trading skills, continuous study and practice gets you to the point bof optimal profitability and becoming the best in the game, the mistakes helps you get even better because you learn from them.
Those who have succeeded in making a profit from trading but are still studying it so that they have good knowledge about the trading they are doing, because if they no longer study it and when there are problems they encounter then they will experience difficulties because they have not studied it.
You are right, those who correct the mistakes they make in trading will of course be even better at the trades they make because they already know how to avoid the losses they have experienced.

It doesn't mean that we already know a lot about trading, so let's just rely on what we already know. It's not like that, of course. Even at the point where we are making a profit from trading, we should not stop learning about crypto trading.

The more we experience profit here, the more we encourage you to continue learning about trading somehow. You never stop learning; instead, continue to learn to grow more in the future.

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November 12, 2023, 11:38:32 PM
 #208

It means that the best teacher for us to learn from is the one we turn to every time we make a mistake. Because it teaches us and also makes us realize that what we did should not be done or repeated. Rather, it helps us bring out our true potential.

So, the saying that experience is the best teacher is true. So even from Op's experience, we also have a lesson to be learned in reality. as long as the important thing is to never stop learning and instead continue to learn.
except learning from experience in trading journey would cost you hefty amount of money, you know not everything need to be learned from first hand experience, you could be learning the guide to trades and its quirks and save some bucks for your future trading journey and it will make no difference compared to learning from first hand experience because you know what is the mistake and what is the outcome.
I've indeed seen many people that have learned not to get scammed by getting scammed first, also not getting greedy by getting greedy first especially in trading career but i've also know that many of them don't come back into trading because they just already drained their capital just for the sake of getting that experience and learning from it, is it worth it? I don't think so.
had they learned trading and its quriks they would've not lost all that money just for simple mistake.

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November 13, 2023, 08:44:27 AM
 #209

Oh, I totally get it! Sometimes, when we're in the 'newbie' position, it feels tough, but it's really just a matter of time and learning. Getting through it can seem a bit challenging because we're diving into something new. For those who enjoy new things and have some talent, it's even easier.

I've started to see a new perspective on being a 'newbie.' Instead of it being all about facing failure, I now think of it as a matter of time. Being patient and enjoying that time doesn't seem harder than never moving forward at all.
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November 13, 2023, 11:49:10 AM
 #210

Oh, I totally get it! Sometimes, when we're in the 'newbie' position, it feels tough, but it's really just a matter of time and learning. Getting through it can seem a bit challenging because we're diving into something new. For those who enjoy new things and have some talent, it's even easier.

I've started to see a new perspective on being a 'newbie.' Instead of it being all about facing failure, I now think of it as a matter of time. Being patient and enjoying that time doesn't seem harder than never moving forward at all.

Yes actually in any field when our status is still a newbie then obviously everything goes like very heavy, none other than because we have just entered the profession or field along with the many limitations that exist within us related to the profession, and also in addition to the field you choose is trading where not everyone can be involved in the world of trading because of the difficulty of learning that is there, but yes as you said all this is just about time, if you continue to be consistent to learn over time then you will believe that the process will never betray the results.

On the other hand, yes, this profession is quite difficult because it is not only preparing something from a physical point of view but more organizing everything in ourselves such as being more responsible and also training mentally and psychologically so that it can be stronger to minimize the chance of risk if it happens later. And yes that's right buddy, so the point is just live it, never give up in terms of learning, it's not difficult but you need time to adapt to all environments related to your new profession, the key is to be patient, consistent in learning then you will be able to enjoy the satisfaction when you have managed to get consistent profits like a professional trader.

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November 15, 2023, 12:46:26 AM
 #211

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
No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Quitting because of initial failure is actually not a good idea because others who persist and didn't quit will definitely get bigger someday and you would wish you had continued, it is very normal with trading that you will definitely become successful some day only if you stay consistent and keep improving on your trading skills, continuous study and practice gets you to the point bof optimal profitability and becoming the best in the game, the mistakes helps you get even better because you learn from them.
depends on whether the first failure that we are talking about gonna be draining us out of our wealth, as a beginner trader sometime just outright put out all their money into their first trading, they literally one bad decision away from bankruptcy and definitely couldn't go on continuing their trading career with no money and their "experience" gained from 1 bad decision.
but overall indeed people will get better from learning their mistake, sometime learning from book doesn't really give the impression to them so experiencing loss would teach them a lesson.
but we should know that even if we are experienced trader that has incurred loss, doesn't guarantee that we will have smooth sailing trading in the future, market is ever changing variable that gonna confuse the hell out of many people trying to profit off some small margin, or you can say, daily traders.

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November 15, 2023, 07:51:35 AM
 #212

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


I think even those who have traded and experienced losses will still be interested in learning more, because they feel they can do it at a later stage, but there are some who have tried many times and it seems like they have stopped, either for a moment or completely.

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November 15, 2023, 02:46:16 PM
 #213

depends on whether the first failure that we are talking about gonna be draining us out of our wealth, as a beginner trader sometime just outright put out all their money into their first trading, they literally one bad decision away from bankruptcy and definitely couldn't go on continuing their trading career with no money and their "experience" gained from 1 bad decision.
but overall indeed people will get better from learning their mistake, sometime learning from book doesn't really give the impression to them so experiencing loss would teach them a lesson.
but we should know that even if we are experienced trader that has incurred loss, doesn't guarantee that we will have smooth sailing trading in the future, market is ever changing variable that gonna confuse the hell out of many people trying to profit off some small margin, or you can say, daily traders.
In the beginning there will always be losses, so it’s worth starting with a small amount, I think 100-300 dollars will be enough to start with, to identify the main mistakes for yourself and not worry too much about the money that will be lost.

This does not guarantee that there will be no losses in the future, it’s just that very serious mistakes may be made at the beginning, and in the future you will be able to avoid them. Trading is a complex activity, it seems to me that if you approach it with the proper attitude, devote enough time, and strictly follow the rules, then you can achieve a certain profit, for each of course this will be individual.

R


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November 15, 2023, 03:13:22 PM
 #214

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


I think even those who have traded and experienced losses will still be interested in learning more, because they feel they can do it at a later stage, but there are some who have tried many times and it seems like they have stopped, either for a moment or completely.

Everyone responds to failure in trading differently. some of them fail because they don't know anything about trading and crypto. There are also those who are wrong in determining trading strategies. and it requires improvements that will keep them in the market with other learnings so that their trading skills improve.
It's different for those who don't know about trading or even crypto. they follow trends that are cool in their environment. such as friends or family. it arouses curiosity so they try it. without knowledge and skills. of course, continuous losses will make them choose to exit the trade and will not return.

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November 15, 2023, 06:33:52 PM
 #215

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


Of course, learning to trade uses real money, some people who stop may have their own reasons, for example there is no capital and other things that make them unable to trade anymore.
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November 16, 2023, 11:45:08 PM
 #216

No doubts, as it's very true that you don't turn out the best trader in just one day, rather it's a gradual process where you continually learn. Even when you turn out profitable you still keep learning as learning never stops you only keep knowing more and becoming better at it.

Definitely agree. Meme coins are indeed something that is tempting and often very hyped, thus making more and more people interested in investing. But basically, this is a very risky thing. Yes indeed, all crypto investments are certainly risky. But with meme coins, they are quite high risk, especially because they are packaged in such hype that it makes people experience FOMO. And the effect is a huge loss of money for newbies or anyone who doesn't understand how to make use of the meme coin hype period. And this is indeed like gambling, sometimes you are really lucky to get extraordinarily high profits but also end up doing the opposite, falling into a very deep abyss until the price can no longer come back. And this is also a matter of the right moment to buy and sell it, so that when it is too late to take profits, it could be that we have really lost the moment.

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ancafe
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November 17, 2023, 04:15:14 AM
 #217

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 "
Thinking about stopping when you are involved in a trade that always results in losses is wrong, but the step you have to take is to stop for a moment and correct yourself from where the mistake arises so that it always results in a losing trade. On average, new traders experience losses when they try to learn trading, but over time this can be overcome slowly because it is natural that at first they are still learning. As time goes by, experience and knowledge will bring them to a maturity stage in trading and therefore experience is needed to make a better trader.

If they have entered 3 or 4 years of trading but still continue to experience losses then the advice we can give is to stop because it may not be our trading skill. Rarely do we find people who consistently learn but will experience continuous losses in trading because even though trading is difficult, if you learn it properly, people will definitely know how to do it.

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Bloodseekers
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November 18, 2023, 04:40:39 PM
Merited by fillippone (1)
 #218

Everyone responds to failure in trading differently. some of them fail because they don't know anything about trading and crypto. There are also those who are wrong in determining trading strategies. and it requires improvements that will keep them in the market with other learnings so that their trading skills improve.
It's different for those who don't know about trading or even crypto. they follow trends that are cool in their environment. such as friends or family. it arouses curiosity so they try it. without knowledge and skills. of course, continuous losses will make them choose to exit the trade and will not return.
When someone faces failure in the trading they do, of course everyone has a different way of resolving the failure they experience in trading, there are some people who will not learn from the mistakes they make and there are also some people who correct the mistakes they make so that they get profit from the trading they do.

If someone trades only based on following other people and they don't have the slightest understanding about trading, of course they won't be able to survive the trade for long because they will definitely fail in trading and also they won't like trading because they have failed from the trade they made.
cute nmp
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November 18, 2023, 06:17:57 PM
 #219

Totally agreed mate ,I cant count the number of accounts i have blown up back then as a beginner trader  .It takes alot of time and effort for one to become good at trading ,The skill is not that easy as it is advertised by any many people on the internet it takes alot of knowledge and patience for one to become a consistence and profitable trader.

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November 18, 2023, 07:44:05 PM
 #220

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
Hahaha seems like you lost a lot of funds and now you have gained some experience. I appreciate your tolerance and your words spreading positivity and taking every step will make you closer to the "Gone are those days". As a beginner working hard and losing funds after that continuing working and not losing hope is a very difficult thing and every person does not tolerate it. When someone starts trading he will face many hardships and issues will arise but if he does not lose hope then he will be going towards the legend of trading. we think that only beginners will lose funds but sometimes those who believe that they are the master in trading also losing funds because the market is so volatile and your small mistake will make you a huge loss so be careful with that and never fall in overconfidence.

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