Common mistakes by unskilled traders

[Kara3]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

[Oshosondy]

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

What if a trader has an exit point but the price of the traded coin not gotten to, as the market went in another direction

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

To overcome emotion, you have to trade with the amount of money that you can afford to lose.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

This is what traders commonly refer to, but I as a trader with 1x or averaging technic, I prefer not to use stop lose. There are times that the market do reverse, but this may not favor people that are using high leverage, and in that regard, using stop loss can be good.

[jeraldskie11]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

You really need to have a trading plan because if you don't, don't expect to be profitable. This is very important because you can expect a market setup that is in line with your plan. You will not be confused if you have a trading plan.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

Trading emotions are normal because you're trading with real money. Your emotions will get worse and might control you if you are not confident in your trades, so you must have backtested your strategy.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

There is no strategy that has a 90% to 100% win rate, so risk management is needed. There are many traders who even have a 40% win rate but they managed to be profitable because they have risk management.

[agustina2]

It's just normal to commit mistakes while trading. Mistakes are the best foundation in order to become a good trader.

Repeated mistakes should be taken as a priority and always find a way to solve a mistake or problem.

Newbies should not be discouraged by their losses. Even professional traders are losing nowadays. They just need to remain focus and disciplined.

[Heartilly]

The best and professional traders nowdays also started on several mistakes. Since what OP mentioned are common mistakes, it should also have a common solution but the problem is, it's hard to execute in the actual trading. Those who left trading are not really just they lose but rather they just lose interest in trading.

Look at those who experience terrible losses even for years. They don't give up and able to bounce back on those losses and now seen as a successful traders today. Practice might not always can turned into perfect but what matter here is, the consistent win over losses.

[Zaguru12]

Newbies should not be discouraged by their losses. Even professional traders are losing nowadays. They just need to remain focus and disciplined.

The biggest trick that separates the experience traders with the newbies is the fact that the newbies do not actual learn a single thing from their losses which is what professionals use to make them self perfect. The newbie is always fixed to his strategy and even when they continue to lose they don’t switch but the professionals usually navigate through many strategies even those that were originated by them and this where a loss is doesn’t matter to the professionals because he is learning a thing or two from it.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

Follow up a strategy you learn or read about with practice because it is only in experience that you will gain the proper knowledge, the strategy might look ok on paper and but in reality it is not the best strategy to use in trading.

Lastly there is no time frame to Learn a trade, it is a continuous process some people take just little time to reach or near the perfection point while some take a very long time before they get professional, so continue trading even if you lose but with a little amount. Do not go on and trade same way that gamblers do.

[Awaklara]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

I think losing at the start of trading is normal, and it all depends on the interest and willingness of the beginner to develop from his trading experience.
It is true that some people end up leaving trading because they continue to lose money. but that means they don't develop their trading skills even if it is for a long time.
they definitely don't learn from mistakes and in fact keep repeating them over and over again which makes novice traders frustrated with their trading.

but I'm sure there are many who ultimately succeed because bad initial experiences provided meaningful lessons and experiences. it becomes a motivation to learn more rather than try more.

[Bananington]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

Another common mistake made by new traders who just start trading and begin experiencing failure in trades is that some of them never settle down to really understand and see why they failed in their trade. If you as a new trader do not find out why you have been unsuccessful in your first live trade even after successfully trading on demo, you will be making a huge mistake. Another mistake a newbie trader can be making is to have too many mentors that you are learning from or studying their pattern. Too many mentors will lead you more to confusion and can make simple things more complicated to understand. Choose a few good mentors, learn from them and study their style and strategy.

[wxa7115]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

I think losing at the start of trading is normal, and it all depends on the interest and willingness of the beginner to develop from his trading experience.
It is true that some people end up leaving trading because they continue to lose money. but that means they don't develop their trading skills even if it is for a long time.
they definitely don't learn from mistakes and in fact keep repeating them over and over again which makes novice traders frustrated with their trading.

but I'm sure there are many who ultimately succeed because bad initial experiences provided meaningful lessons and experiences. it becomes a motivation to learn more rather than try more.

Making mistakes is inevitable when people begin to trade, but many of those same people refuse to learn from those mistakes and instead they keep trading the same way and hope for different results.

Not realizing that they are just wasting their money by doing something like this, and the only ones which can obtain any benefits from their strategy are other traders, as they are basically giving their money away by trading the markets with such a low level of skill while they refuse to learn.

[edmundduke]

The mistakes usually come down to not understanding the market, you cant trade when you do not even know how the market reacts. The 2 largest pitfalls for new traders are bankroll management and chasing losses (i have done this aswell, went as expected). It is essential to stick to a plan when choosing a bet size, what ever that plan may be (usually done based on riskiness). And never, ever chase losses (same as gambling), that type of emotional trading only ends in disasters.

[Beparanf]

The mistakes usually come down to not understanding the market, you cant trade when you do not even know how the market reacts. The 2 largest pitfalls for new traders are bankroll management and chasing losses (i have done this aswell, went as expected). It is essential to stick to a plan when choosing a bet size, what ever that plan may be (usually done based on riskiness). And never, ever chase losses (same as gambling), that type of emotional trading only ends in disasters.

I do experience this kind of chase loss thing whenever I open small margin futures trade then suddenly the price fluctuates on other direction of my position while I still have a lot of capital to DCA on my position so that I can average my buy price to the current price.

This kind of trade usually makes me liquidated since I never stop adding margin even though the trend is so strong that time. I learned this important lesson and never add my margin aside my initial margin on my trade.  Using a stop loss and take profit feature makes trading more convenient and less emotional error whenever there’s price action.

[AprilioMP]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades:
_ Don't make emotional driven decisions:
_ Not managing risk properly:
_ Not doing enough research:

Uncontrolled emotions, without planning, without knowledge of the negative risk results — loss.
Thank you for sharing, but I have found too much advice like the one you shared which came from the owner of the article regarding trading advice.

Trading risks need to be taken into account in every strategy implementation in every type of trading carried out, whether spot or future trading, including daily trading types.
There are many demands in it even though the pronunciation as written in various theories looks easy. Every time the market situation changes, it requires additional strategies that are not explained in theory. Only experienced traders can review it well beyond the trading theory as written in your topic.

[irhact]

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

Any individual that wants to succeed at trading need to be a skilled trader, if you're an unskilled trader you have set yourself up for failure. Yes when you don't plan you have planned to fail therefore planning is very important and you would be confused in the market by not knowing when to take profit or keep on staying in the market when you don't plan. As you know your entry price when you want to buy a coin, you should also know when you want to book profits and that's how you stay profitable.

As a trader, you have to let go of your emotions as emotions will never make you a profitable trader, emotions makes you unstable and your decision won't match with the market but how you're feeling. As a professional, the first thing to let go of is your emotions, discipline yourself and you can always make the right decisions.

[shivansps]

I would add that you should never use money that you cannot afford to spend.
Also about regrets about an allegedly missed opportunity, when you think that you could have gone out earlier/later and earned more - no, you couldn’t, if you could, you would have done it.
It is said very accurately and appropriately about discipline. This applies to all aspects of life, not just trading.
I absolutely agree about the entry and exit points; without this it is now very difficult to imagine trading, especially on margin.
I won’t say anything at all about trading on emotions and while intoxicated or under the influence of substances.

[edmundduke]

The mistakes usually come down to not understanding the market, you cant trade when you do not even know how the market reacts. The 2 largest pitfalls for new traders are bankroll management and chasing losses (i have done this aswell, went as expected). It is essential to stick to a plan when choosing a bet size, what ever that plan may be (usually done based on riskiness). And never, ever chase losses (same as gambling), that type of emotional trading only ends in disasters.

I do experience this kind of chase loss thing whenever I open small margin futures trade then suddenly the price fluctuates on other direction of my position while I still have a lot of capital to DCA on my position so that I can average my buy price to the current price.

This kind of trade usually makes me liquidated since I never stop adding margin even though the trend is so strong that time. I learned this important lesson and never add my margin aside my initial margin on my trade.  Using a stop loss and take profit feature makes trading more convenient and less emotional error whenever there’s price action.

I used to do something like that a lot. There were times when i tried to martingale chase my damn losses. So both increasing amount i bet and the leverage and it usually ended with x100 leverage Kind of funny now that i look back at it. When it was happening to, wasnt that funny lol

[lombok]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

A newbie trader's fatal mistake is entering a pump trading group or non-VIP trading signal group. In many cases they get trapped and lose funds because of misleading signal instructions

Being lazy about studying or having minimal literacy just enters an altcoin pair without reading about important event updates - developments on these coins are also very important to expedite trading activities in seeking profits.

Trading is not as easy as newbies see. Many pro traders spend their time all day following news events related to coins, politics, economics, development, technical and fundamental analysis. The bitterness and sweetness of a trader is not measured by profit, but by how tough you are in carrying out the tough routine of collecting analytical material.

[DVlog]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

A newbie trader's fatal mistake is entering a pump trading group or non-VIP trading signal group. In many cases they get trapped and lose funds because of misleading signal instructions

Being lazy about studying or having minimal literacy just enters an altcoin pair without reading about important event updates - developments on these coins are also very important to expedite trading activities in seeking profits.

Trading is not as easy as newbies see. Many pro traders spend their time all day following news events related to coins, politics, economics, development, technical and fundamental analysis. The bitterness and sweetness of a trader is not measured by profit, but by how tough you are in carrying out the tough routine of collecting analytical material.

Some people are just trying to follow the shortcut which causes financial damage through their poor trading skills. All these paid singular groups usually emerge in the bull market when most of the projects start rallying following bitcoin. You won't find any of these groups in the bear market because their predictions are based on their emotions.

Some people think trading is all about technical and fundamental knowledge about the market which prevents them from recognizing the importance of other factors like new events, development, politics etc. They got easily attracted to some flashy ads on social media and some self-proclaimed YouTubers.

[Queentoshi]

There are common mistakes they usually makes which are,

From what I have noticed, an example of a common mistake by unskilled new traders is them starting to depend on the skilled traders for signals so they can be making some profit instead of concentrating on become better and graduating from unskilled to skilled, so they do not need depending on others to make profit in trading. An unskilled trader should not be in a hurry to start trading profitably, they have to take their time to master the skills, so they can become long time traders who are well seasoned.

[tjtonmoy]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

I don't see what's the problem here. you are never meant to always win your first trade. there are no rules that in order to become a successful trader you need to win your first trade. and with all that you have said you missed out a very important point. it is to learn to lose. The basics rule of trading is to trade with something that you can afford to lose. The second is emotion control and the third is to learn to lose. there is no certain order in which this should be done, but these are the basic rules that we need to follow in the beginning.
so what is learn to lose? you start with a small amount for trading, and you do all your analysis based on what you have learned and set your goal such as opening the thread and choosing a closing point and also using stop loss or take profit.
no matter what happens you should never change anything on that first trade. if you lose the trade then you lose it. there is nothing you should do about this trade. you are following the analysis, and you should stick to it. if you lose this trade, then you just close it and move on to your next one. when you learn how it feels to lose and if you can conquer that feeling of losing then emotion would never influence you.
losing is not a bad thing if you are learning. and the key is to keep doing it and not give up. people who quit always put all their money in one trade and lose it on their first trade. and they keep on doing the same mistake over and over again. this is the thing we need to solve not losing trades. diversifying your trade is also a good idea.

[royalfestus]

It's just normal to commit mistakes while trading. Mistakes are the best foundation in order to become a good trader.

Repeated mistakes should be taken as a priority and always find a way to solve a mistake or problem.

Newbies should not be discouraged by their losses. Even professional traders are losing nowadays. They just need to remain focus and disciplined.

I believe that some people tend to equate cryptocurrency trading with gambling, which isn't entirely accurate. Gambling typically isn't structured for players to consistently win, whereas cryptocurrency trading offers a more structured pathway to potential profits. With the right timing and responsible management of greed, it's possible to multiply your investment in a good cryptocurrency. In fact, many investors in Bitcoin, for example, have historically seen returns that eventually recoup their initial investments.

[kojektea]

Even though it is a mistake, usually good and serious people will learn from the experience and will not repeat it again. Unfortunately, not everyone is like that, some new traders actually blame crypto, considering this a fraudulent investment, without them knowing that their losses are actually due to their lack of knowledge about trading. I think we have to continue to educate beginners more so that they don't lose much here.

[CODE200]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

I think all of these are very common to beginners because they have just entered trading and they do not have that much experiences that is why they commit such mistakes. Mistakes are quite common in trading and even traders who have been into trading for years still commit mistakes, but it can lessen overtime. I think the best way to avoid mistakes is to do research and learn the foundations of trading before entering it. This will equip you with proper knowledge and skills in which can help you to survive and to succeed in trading.
Remember that having a plan and sticking to it could help you to have better trading outcomes. Do not continue if you are unplanned and unsure. This is a very common mistakes that beginners commit. I also agree with you that some traders are driven by their emotions, and when you are carried away by your emotions, this will result you to commit impulsive decisions which is not advisable when doing trading.

[Nrcewker]

The basic mistake they make is that, they think trading is similar to investing. They need to understand that investing and trading are completely different concepts. In trading you have to remain active in the market whereas in investing you just buy the asset and hold. Many newbies also think that trading can make them rich overnight. But that’s not the reality. They come in this trading field in greed for profits and later when the profits are not achieved they just exits. So yes OP has made some great points which are often seen in the newbies.

[lombok]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

A newbie trader's fatal mistake is entering a pump trading group or non-VIP trading signal group. In many cases they get trapped and lose funds because of misleading signal instructions

Being lazy about studying or having minimal literacy just enters an altcoin pair without reading about important event updates - developments on these coins are also very important to expedite trading activities in seeking profits.

Trading is not as easy as newbies see. Many pro traders spend their time all day following news events related to coins, politics, economics, development, technical and fundamental analysis. The bitterness and sweetness of a trader is not measured by profit, but by how tough you are in carrying out the tough routine of collecting analytical material.

Some people are just trying to follow the shortcut which causes financial damage through their poor trading skills. All these paid singular groups usually emerge in the bull market when most of the projects start rallying following bitcoin. You won't find any of these groups in the bear market because their predictions are based on their emotions.

Some people think trading is all about technical and fundamental knowledge about the market which prevents them from recognizing the importance of other factors like new events, development, politics etc. They got easily attracted to some flashy ads on social media and some self-proclaimed YouTubers.

If used correctly, social media will be a positive input to support trading. For example, Twitter, there is a lot of important event information on Twitter, we can use it by following the coin project account. Every coin project must have a Twitter social media account which they usually use to update each event and its developments.

Discussing YouTube related to trading activities is actually very helpful, especially for newbies who like to find information through video explanations. There are many videos related to trading and technical analysis that we can learn there by directly watching YouTube traders in action. However, unfortunately there are also influencers who do not educate and trade in a careless and misleading manner.

[DVlog]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

A newbie trader's fatal mistake is entering a pump trading group or non-VIP trading signal group. In many cases they get trapped and lose funds because of misleading signal instructions

Being lazy about studying or having minimal literacy just enters an altcoin pair without reading about important event updates - developments on these coins are also very important to expedite trading activities in seeking profits.

Trading is not as easy as newbies see. Many pro traders spend their time all day following news events related to coins, politics, economics, development, technical and fundamental analysis. The bitterness and sweetness of a trader is not measured by profit, but by how tough you are in carrying out the tough routine of collecting analytical material.

Some people are just trying to follow the shortcut which causes financial damage through their poor trading skills. All these paid singular groups usually emerge in the bull market when most of the projects start rallying following bitcoin. You won't find any of these groups in the bear market because their predictions are based on their emotions.

Some people think trading is all about technical and fundamental knowledge about the market which prevents them from recognizing the importance of other factors like new events, development, politics etc. They got easily attracted to some flashy ads on social media and some self-proclaimed YouTubers.

If used correctly, social media will be a positive input to support trading. For example, Twitter, there is a lot of important event information on Twitter, we can use it by following the coin project account. Every coin project must have a Twitter social media account which they usually use to update each event and its developments.

Discussing YouTube related to trading activities is actually very helpful, especially for newbies who like to find information through video explanations. There are many videos related to trading and technical analysis that we can learn there by directly watching YouTube traders in action. However, unfortunately there are also influencers who do not educate and trade in a careless and misleading manner.

All the crypto projects have their presence on twitter for a specific reason. Twitter is widely popular in the western world and a new startup project wants to attract investors from that part of the region. This also makes Twitter an attractive platform for scammers. So your investment should not be based on any research from twitter though it is advisable to invest in any project that has an active twitter handle and keeps its community updated.

YouTube has become more like a place for influencers to gain followers by sharing unique and attractive ideas. People easily get attracted because they often discuss something that no one knows. Most of them are paid influencers and add little value to their analysis.

[JunkieMiner]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,
_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.
_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

Losing in crypto is just a common thing, but thinking about quitting crypto is not a solution for it, even in every field quitting something is not a solution. We have to find a way for it. While planning in trading is just like petrol in a car, you know the importance of petrol in a car, so planning plays the same role in trading. Also, we have to plan for trading from the very beginning. Emotions should be controlled, if someone is not going to control his emotions, then more loss is expected, I learned one think from trading, if you don't play with trading, then trading will play with you.

[uchegod-21]

The basic mistake they make is that, they think trading is similar to investing. They need to understand that investing and trading are completely different concepts. In trading you have to remain active in the market whereas in investing you just buy the asset and hold. Many newbies also think that trading can make them rich overnight. But that’s not the reality. They come in this trading field in greed for profits and later when the profits are not achieved they just exits. So yes OP has made some great points which are often seen in the newbies.

You are actually right.  Many newbies have this notion that cryptocurrency trading is the new "oil well " hence the need to invest and get sudden financial boom.  Yea, this is because of the too-good-to-be-true testimonies they have heard or seen and when they meet the opposite of their expectations,  they quit.

This "investment" notion they joined cryptocurrency trading with made them not to do adequate research to know which cryptocurrency exactly they should trade or invest in. Imagine investing in a coin you know nothing about it's market volatility,  liquidity and security. You do not pay attention to happenings around the globe that might possibly affect the price of cryptocurrencies.Trading is a risk on its own but not doing proper research is an additional or unnecessary risk.

Trading requires patience,  discipline and consistency. If you are a long term trader, stick to it. If you are a day trader, be consistent.  Importantly,  know when to take Profit or stop loss. Trading is not just an investment,  there is more to it.

[Captain Corporate]

I would say hype is one of the biggest reasons, FOMO could be another name for it as well. I think its quite important to realize that we are going to end up with a lot of newbies who get into crypto thinking that they could make easy money, and make it quickly as well, then join in some small cap shitcoin and that's going to ruin them without a doubt. It should be important to remember that not all trades are that easy and you can't make that profit all that quickly either. You should be a lot more careful and should be doing it a bit more decently. I hope that it can get to a point where people could make some return if they are smart about it but most people will not be patient and they will try to make money quickly and end up losing it quickly instead.

[MFahad]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

quiting trading after lossing for days months and years are the way to avoid losses but many traders never quite trading even they realize that they are doing mistakes. everyone should quite trading for sometimes because when they never quite they will never learn about their faults.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

Emotions are like and enemy because you think different and act different so in such situations you can just loss your money but nothing will come in your hands so I will suggest that don't over think about profit and think that it is blessing for you so your mind will never be under the control of your emotions. keep calm for longer time can also cloud our sense therefore neither be too quick nor be too lazy and get the advantage even its too small.

[lalabotax]

The first point and the last point of this advice is in correlation.
To be able to understand the plan or numbers or moments for entering and exiting, you need to do research first. And how they are able to do research well, again, the capital is being willing to learn first. Equipping yourself with knowledge about crypto trading is very important. There are many sources that we can use to learn. At least, we find several points to analyze the market, what coins we will take and also what the current market conditions are. This certainly won't be easy, especially for beginners. It will be very difficult, especially to do TA and FA. but at least, if we have studied and have knowledge, we will not really be zero in this matter. This will lower the risk a little, rather than not knowing at all. This is an effort that must be continuous, whether we will lose or gain when trading, we can carry out various evaluations of our plans and strategies. But here we are, sometimes the road won't be that smooth, especially in the world of crypto trading which is actually very difficult and high risk. So we really have to be able to manage our emotions to be able to control ourselves better.

[lombok]

If used correctly, social media will be a positive input to support trading. For example, Twitter, there is a lot of important event information on Twitter, we can use it by following the coin project account. Every coin project must have a Twitter social media account which they usually use to update each event and its developments.

Discussing YouTube related to trading activities is actually very helpful, especially for newbies who like to find information through video explanations. There are many videos related to trading and technical analysis that we can learn there by directly watching YouTube traders in action. However, unfortunately there are also influencers who do not educate and trade in a careless and misleading manner.

All the crypto projects have their presence on twitter for a specific reason. Twitter is widely popular in the western world and a new startup project wants to attract investors from that part of the region. This also makes Twitter an attractive platform for scammers. So your investment should not be based on any research from twitter though it is advisable to invest in any project that has an active twitter handle and keeps its community updated.

YouTube has become more like a place for influencers to gain followers by sharing unique and attractive ideas. People easily get attracted because they often discuss something that no one knows. Most of them are paid influencers and add little value to their analysis.

So, that's why we need extra time and energy to filter this information to become analytical data before trading. It is indeed a bit troublesome, but if we are used to and disciplined in looking for credible data then the trading activities we carry out will be successful.

I personally only monitor Twitter on the official accounts of crypto projects for updates on major events in their milestones, not from accounts other than their official ones which have the potential to spread fake news.

[Woodie]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

We I started trading, I thought I would just eyeball some chart's and guess the direction the markets will be taking and sometimes it worked, but lack of a plan/strategy caught up with me and I had more losses than I could count my wins which opened my mind and approach of the markets buy trading with a strategy.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

Learning to control emotions is one difficult skill to learn especially of you aren't profitable yet.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

Failing to manage risk can be associated with greed, alot of us want to get reach quick but this process can only happy with a good risk management system to survive these markets for a long time.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

The problem I was getting too many of these YouTube videos that claimed to have the perfect strategy and thought I would take the shortcut and win but unfortunately trading takes a lot of time for you to become a natural at it.

[Wexnident]

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

Eyyy this was me. Looking back, my entry points were when the market was at its peak, exit points were when my investment returned negative. Guess panic was just that influential to me because then. Well I guess I was hit with FOMO back then. The only thing I knew was Bitcoin was something big, and that the price of it at that point was incomparable to the ATH so it can only go up.

Some people are just trying to follow the shortcut which causes financial damage through their poor trading skills. All these paid singular groups usually emerge in the bull market when most of the projects start rallying following bitcoin. You won't find any of these groups in the bear market because their predictions are based on their emotions.

Some people think trading is all about technical and fundamental knowledge about the market which prevents them from recognizing the importance of other factors like new events, development, politics etc. They got easily attracted to some flashy ads on social media and some self-proclaimed YouTubers.

I have to agree. Well ads are like that to attract people so I guess if people get attracted then they're pretty successful, sadly their pretty borderline scams at that point imo. While some groups are helpful in trying to provide information you can use, some groups just use empty words, almost close to how some religious group works where they just say complicated sounding but empty concepts.

[sheenshane]

I would say hype is one of the biggest reasons, FOMO could be another name for it as well.

I tend to agree with this, FOMO and hype would be the main reasons why newbie traders suffer from massive losses.  When they heard it just because of the trend, they rushed to buy a hype crypto which could be a result of poor entry trading point.

IMO, the best weapons in trading while you are a newbie in the trading world are trading plan and the stop-loss.
Both are useful strategies if you are an unskilled trader.

[lombok]

~snip~

You quoted the wrong post. Maybe you mean DVlog, not me.

A newbie trader's fatal mistake is entering a pump trading group or non-VIP trading signal group. ~snip~

Some people are just trying to follow the shortcut which causes financial damage through their poor trading skills. All these paid singular groups usually emerge in the bull market when most of the projects start rallying following bitcoin. You won't find any of these groups in the bear market because their predictions are based on their emotions.
~snip~

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

Eyyy this was me. Looking back, my entry points were when the market was at its peak, exit points were when my investment returned negative. Guess panic was just that influential to me because then. Well I guess I was hit with FOMO back then. The only thing I knew was Bitcoin was something big, and that the price of it at that point was incomparable to the ATH so it can only go up.

What do you do at that time when the investment value becomes negative? Cut losses? or do you still leave it for now/hodl?

Actually, what the OP said is very useful regarding entry positions and exit positions.

Even so, we can still make a profit if we don't exit the position and choose to hold BTC when the price falls, but it takes time and this is a long term investment.

However, if we have a trading plan like the OP said, we can maximize this long time to reap more profits and cover previous losses. This is why technical analysis is so important, and I realize that technical analysis is very difficult and we have to be really careful in determining the right point regarding support and resistance when carrying out the analysis.

[GreatArkansas]

(....)
_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

From what I can see, this is also a common issue of new trading. We can say they already know how to analyze, open a trade, exit, or stop a loss.
But without managing risk or no risk management, they are all useless. The important thing in trading is our trading capital, without it we can't trade that's why it is always better to preserve the capital, protect it at all cost, and here comes the risk management.

[michellee]

Trading is easy if they know how. But most people don't learn trading like traders do. They only see buying at low prices and selling at high prices. Even though there are still other things, they need to learn so they can have the opportunity to make a profit. They continue to learn more about trading, especially market analysis because market conditions always change.

By learning what is required, they will know when to trade and when to stop or take a break. And they also won't force themselves to trade if market conditions are not good. They will use stop-loss in every trade because it is part of trading. And if they experience a loss, they will not panic and can remain calm to find a solution.

And trading indeed requires discipline in addition to a strategy to make a profit. Traders will try to use only the money they can afford and never go all-in because it risks losing all their capital.

[bitterguy28]

Without all the Knowledge you mentioned meaning they are not a "Trader"
Instead  those People are just either Newbie or a simple  Buy and Sell person.

Calling them "Unskilled trader" isn't correct  because they seems to be Now knowing
what true traders mean.

The person Buying  something in trading but knows nothing from what you mentioned are just a normal buyer.
When you are labelled to be a trader then you should know at least 2 or more of what you said .

I myself admits that when I was starting in all trading , i have no complete knowledge but eventually as I wanted to pursue then I must say , I am now a Trader and yes I have Idea of what is needed to be one.

[GeorgeJohn]

What trading require much is attention and I believe trading need more attention more than anything and what we should understand in trading is that is something of uncertainty and something of advantages and disadvantages in respect how you have acquired your experience in trading you most understand that loss can manifest in your trading, so therefore I believe that in trading it have to do with careful and observation, trading have a rules and depends on the tools use and your precautions and research or observations as i portrayed before  will determined your success or profits in trading, that's while when you peruse into traders you will notice that nobody is exempted in losing of its capital during trading, a slight mistake can lead you to lose all your funds or not to make your expected profit.

[irhact]

Even though it is a mistake, usually good and serious people will learn from the experience and will not repeat it again. Unfortunately, not everyone is like that, some new traders actually blame crypto, considering this a fraudulent investment, without them knowing that their losses are actually due to their lack of knowledge about trading. I think we have to continue to educate beginners more so that they don't lose much here.

To become a successful trader, you have to be constantly learning form your mistakes as your mistakes are what give you experience but if you aren't learning form them then you'll continue losing to the market. Trading is hard and easy depending on how determination you're to know how to trade perfectly. Some individuals it takes them very long to learn how to trade while other individual it takes then a short time because of their determination and discipline to become a skilled trader.

Most of the mistakes that some  individuals make when they're trading can be avoided when they just learn how to trade properly before they enter the market. You should not be trading with emotion but because they didn't learn, they'll be using emotions to trade and this will make them to be losing constantly.

[bettercrypto]

Mistakes are a part of individual traders growth in the crypto space. Then it's also true that trading is not easy; other newbies just think it's just buying and selling, but they don't think that these are things that should be considered in reality to achieve the desired profit.

And most of us already know that passion is really needed in crypto trading or in anything we want to know and learn. Apart from this, the only thing that is often done by others is that, due to a lack of knowledge, they base their trading on luck, while others become emotional and make rash decisions in their trading activity.

[BigBos]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

Come with minimal capital and then push yourself to get big profits from betting. Meanwhile, the initial basis for becoming a trader, apart from needing capital, we also need knowledge. Usually beginners come to the market based on references from seeing the results of the achievements of successful traders. So that the level of understanding is still minimal, try to keep forcing yourself as if trading is only about buying and selling. Missing important factors such as knowing what crypto is being purchased, its long-term potential and the community's interest in the crypto itself. I think what you say is correct. Regardless of the results obtained from trading, beginners must have deeper knowledge. Learning will not make him lost. The mindset of wanting to get rich instantly needs to be put aside first.

[Ruttoshi]

As human we are bound to make mistake in life, because without mistake we are not going to learn. Trading is something that one must have the proper knowledge before jumping into it because the market is a risky one since we are dealing on cryptocurrency.

It is better that as a newbie, one should only invest with the amount that he can afford to lose, when trading as this will make you have a good experience of the market so that gradually, you can have your own trading strategy after you have learnt from your mistake.

Risk management is very important as this will enable you know how to manage your losses. One mistake that every newbie does, is for them to believe that trading is a get rich quick thing, this have led so many of them to great loss.

[Lakai01]

Come with minimal capital and then push yourself to get big profits from betting. Meanwhile, the initial basis for becoming a trader, apart from needing capital, we also need knowledge.
-snip-

You are right, this sounds like a fairy tale story from a wannabe trader on Youtube ... and is still used to catch lots and lots of unskilled traders. Something along the lines of "Look, I turned $100 into $100,000, you can do it too!".

Unfortunately, the reality is that especially newcomers to the market have gambled away all their capital in a very short time:

However, it can be a frustrating and costly experience for many new traders, leaving them with little to show for their efforts. Based on several brokers' studies, as many as 90% of traders are estimated to lose money in the markets.6 days ago

Source

This chance must be used and the lost money seen as a lesson, rookie mistakes will not happen so easily (for example, to want to "save" runaway trades again by investing more money in the trade).


However, I agree with you on the rest of your post. Trading has a lot to do with experience and especially as a newbie you would do well to stick to experienced traders.

[stomachgrowls]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

Come with minimal capital and then push yourself to get big profits from betting. Meanwhile, the initial basis for becoming a trader, apart from needing capital, we also need knowledge. Usually beginners come to the market based on references from seeing the results of the achievements of successful traders. So that the level of understanding is still minimal, try to keep forcing yourself as if trading is only about buying and selling. Missing important factors such as knowing what crypto is being purchased, its long-term potential and the community's interest in the crypto itself. I think what you say is correct. Regardless of the results obtained from trading, beginners must have deeper knowledge. Learning will not make him lost. The mindset of wanting to get rich instantly needs to be put aside first.

Dont rush up yourself on which this would really be the key for you to be able to avoid possible mistakes and errors on which you would really be able to encounter along the way on which it would really be just that normal that it would really be taking for long for you to be having that good grasps towards the market and on the time that you've seen on other traders then dont tend to mimic out because we dont know
on how long those traders have been here on this market before they do able to get those good trades. Experience does matter and this could really be could be acquired with real engagement and time spent out into this market. Dont ever make yourself in a rush on doing things because it would really be just make you desperate on which this is really a negative thing to be done by a certain trader.

Dont make yourself that trying to copy on what their result is because it would really be just making you desperate and this is something that must avoid. Take the pace slowly but surely kind of approach and never rush yourself on making money because it would really just follow through if you have just done on the right thing .Dont make yourself that believe that traders are indeed guaranteed on becoming that rich because
not all traders do really end up on being successful and this is something that you should really be removing into your mind so that you wont really be anticipating on something which it isnt
true.

[JunaidAzizi]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,
_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.
_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.
_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.
_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.
Remember trading requires not just strategy, but discipline

I think mistakes are sometimes good to understand efficiently, On research it is clear that when you teach a person a whole day and understand him, will not leave any print on his mind nor gain any experience but when he gets any losses he takes a lesson from it and tries to not doing it again as it wastes his money and through this gain a lot of experience as practicality always give better results. And for emotions, you need to accept them before going to trade whay i lost or win I will not allow anything above my emotions when you win a lot of money control your grades and when you lose or expercienced dump then make yoirsekve as much as possible to tolerate the loss.

[batang_bitcoin]

Remember trading requires not just strategy, but discipline

That's right, it requires discipline too and even you have a lot of capital for trading but you have no patience. It's likely that you're just going to waste all of the money that you have. And this also applies to the new traders that have just been trying out to trade. Because many of them hurries a lot and think that trading is an easy game that they'll make money without the need to be patient. But it's all about being patient and you have to have that as in, a lot of it.

[Mpamaegbu]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are...

Nobody who's profitable today at trading that doesn't have a sad story of losses on their trail. It's a crucial part of the learning process, though we hate to witness it. You've to burn that account/capital to buy emotional stability. That's the way I see it. You pay for that experience, then see if you move on from that. Incidentally, not everyone moves on after frying their capital. They refund and repeatedly make the same mistakes.

_ Don't make emotional driven decisions:

_ Not managing risk properly:

Those two trounce other skills in trading. If anyone gets a good hold of them, it's as good as having everything under trading on control.

[taufik123]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are...

Nobody who's profitable today at trading that doesn't have a sad story of losses on their trail. It's a crucial part of the learning process, though we hate to witness it. You've to burn that account/capital to buy emotional stability. That's the way I see it. You pay for that experience, then see if you move on from that. Incidentally, not everyone moves on after frying their capital. They refund and repeatedly make the same mistakes.

Gained a lot of loss and profit experience on the first trade I made.
It was indeed an experience that would be a driving force to be able to change and learn how to trade properly.

But not everyone will do that.
Usually, the first trade as a beginner will get a profit and they start to get addicted so put a lot of money into trading.
But they don't realize that they don't have proper trading knowledge, and end up losing the money and regretting it all.

Now do not have to face bad experiences that are too extreme to experience a lot of losses.
Learning from other people's experiences, and doing research is a smart decision, especially now that there is a lot of education about trading for beginners to be able to get profits more easily, but not as easy as imagined.

And trading in the end will also be influenced by the level of emotion or trading psychology of each person, it will determine the final decision.

[poodle63]

Remember trading requires not just strategy, but discipline

That's right, it requires discipline too and even you have a lot of capital for trading but you have no patience. It's likely that you're just going to waste all of the money that you have. And this also applies to the new traders that have just been trying out to trade. Because many of them hurries a lot and think that trading is an easy game that they'll make money without the need to be patient. But it's all about being patient and you have to have that as in, a lot of it.

thats right, finding the best oportunity is all about patient and emotion control a trader cant succeed without these two, even more so those newbies that are still kinda greedy when it comes to making decision.
many thought its simple thing, everyone can become millionaire from trading, they don't know that its those big capital owner that make profit usually.
if there is any trader that become millionaire its because their discipline that is enormous as well as their capability of analyzing.
its not just putting order and gain profit, thats such massive understatement and minsunderstanding.

[BitcoinTurk]

Many traders who haven't gained full experience generally make similar mistakes. Clichéd mistakes such as emotional decisions, failure to determine buy-sell prices and stop loss points, lack of adequate research, and incorrect budget management are mistakes generally made by traders who don't have much experience.

However, it shouldn't be forgotten that financial markets change every day. For this reason, even if a person considers themselves experienced they must always continue their development and strengthen their experiences by obtaining results from their mistakes. Sometimes, an experienced trader can also act emotionally and make various mistakes. For this reason, it is absolutely very important for a person to improve themselves by always obtaining results from the mistakes made.

[TakeItEasy]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

Usually, the newbies, are new to trading. If they make a mistake they always focus on quitting, even if they fail to make a profit they must be focused on their mistakes where the mistakes of loss have been made. They should learn from their mistakes which can only give them strategies for trading. As trading is all about learning, the more strategies someone learns, he can have more abilities he has to trade smoothly.

Another thing is emotional instability, I never want to give a newbie that advice if he is emotionally unstable he can trade. No, when someone is emotionally Unstable, he doesn't have to trade unless he learns and admires that there must be some losses coming his way and he will be ready for it. Only then he can get to his morals.

[Mpamaegbu]

Usually, the first trade as a beginner will get a profit and they start to get addicted so put a lot of money into trading.

Yeah, it's more of thrill and euphoria as depicted in the picture you shared up there than addiction that make beginners over shoot themselves, and into losses. There's often that excitement from a first win that makes newbies arrogate the tag, "I'm a trader" to themselves and then throw caution to the wind. The market has a way of humbling such mindset with evidence of blown accounts to show for it. We all learn, either the hard or the soft way. Thanks for sharing that picture.

[Dickiy]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

Usually, the newbies, are new to trading. If they make a mistake they always focus on quitting, even if they fail to make a profit they must be focused on their mistakes where the mistakes of loss have been made. They should learn from their mistakes which can only give them strategies for trading. As trading is all about learning, the more strategies someone learns, he can have more abilities he has to trade smoothly.

Another thing is emotional instability, I never want to give a newbie that advice if he is emotionally unstable he can trade. No, when someone is emotionally Unstable, he doesn't have to trade unless he learns and admires that there must be some losses coming his way and he will be ready for it. Only then he can get to his morals.

Yes it happens because maybe there is fear from themselves that arises when making mistakes that cause losses, but I think it's not always like that, there are also some of them who end up being carried away by their lust because as we know they are newbies still very vulnerable in mental and psychological problems and of course they will be easy to get emotional, and well it is not uncommon for some of them who have just come to experience a lot of losses and then quit because they are not strong with all the losses that always befall them. For those who always learn from mistakes and look for what causes them to make mistakes then I say they are beginners who are on the right track, as we know if we make mistakes in any field then we have to look for the essence of the problem so that one day it does not happen again and will certainly make progress.

That's right, the point is if you enter the profession as a trader then you have to keep learning, there is no time not to learn because you have to balance your abilities with the nature of the market that is always difficult to predict, none other than the goal so that we can balance the benefits with the risks that come. I think the most difficult to learn is mental and psychological, especially for those who are easily provoked will be very easy to get emotional when experiencing losses and of course after that it is not uncommon for them to spend all their balance in one trade and well they experience MC. So in this case you must really be able to train yourself to stay calm in order to reach the right decision when you want to open a trade and also to deal with conditions when you lose.

[batang_bitcoin]

Remember trading requires not just strategy, but discipline

That's right, it requires discipline too and even you have a lot of capital for trading but you have no patience. It's likely that you're just going to waste all of the money that you have. And this also applies to the new traders that have just been trying out to trade. Because many of them hurries a lot and think that trading is an easy game that they'll make money without the need to be patient. But it's all about being patient and you have to have that as in, a lot of it.

thats right, finding the best oportunity is all about patient and emotion control a trader cant succeed without these two, even more so those newbies that are still kinda greedy when it comes to making decision.
many thought its simple thing, everyone can become millionaire from trading, they don't know that its those big capital owner that make profit usually.
if there is any trader that become millionaire its because their discipline that is enormous as well as their capability of analyzing.
its not just putting order and gain profit, thats such massive understatement and minsunderstanding.

I wouldn't go that far thinking that I'll be one of those millionaires. I'm not just as good as they are but it's true that it's like the opportunity is endless in trading when you know how it works. I'm not belittling myself as I am also aiming that but not through trading but through investing in Bitcoin.
There's a similarity but trading is more active than holding and investing and that's why I'm moving forward to that as both of them requires a lot of patience.

[Finestream]

It's just normal to commit mistakes while trading. Mistakes are the best foundation in order to become a good trader.

Repeated mistakes should be taken as a priority and always find a way to solve a mistake or problem.

Newbies should not be discouraged by their losses. Even professional traders are losing nowadays. They just need to remain focus and disciplined.

Whether skilled or unskilled, everyone makes mistakes especially that you are trading in an unpredictable market. Yes, it’s normal and everyone starts from a scratch, which means committing mistakes is not new in trading. However, the challenge here is not to commit mistakes, but how you deal with the lessons you learned from all your mistakes. Trading is a mental and emotional challenge. And as long as you trade by not repeating the same mistakes again and by overcoming all those mistakes and grow as a trader, then successful trading will always be possible and certain.

[Hamza2424]

Remember trading requires not just strategy, but discipline

Hmm, Op What I think is discipline while trading also comes under strategy, I totally agree that to be a good trader discipline is the key, it helps in making more confidential decisions. The most important part is saving the wicket,. capital is important, loss is important but losing the maximum capital is total destruction. Stay in the market save the wicket and wait for a perfect entry time, Consistency in the market and small losses are priceless experiences to make good profits.

[kamvreto]

Mistakes in the world of trading are fairly normal, especially for those who are still beginners, but from these mistakes, we can learn, because success also starts from mistakes. Many people leave trading because they always experience losses and they give up and don't want to learn and develop, because learning trading is not easy to learn and it takes a long time to understand it, it takes a strong intention and desire to understand trading. Even professional traders have experienced mistakes, but they continue to learn and develop from these mistakes. Yes, in short, there is no instant trading capability.

[Renampun]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

there is something you are missing, that is a community that supports each other, I have noticed for a long time that the role of the community in encouraging other traders is very large, you can get the latest information about the assets you are trading (the information you get will be unlimited), seniors or professionals in trading have a community as a forum for them to exchange information and knowledge in trading, it can even be a means to strengthen each other among fellow traders when the market is uncertain..

[noormcs5]

Mistakes are a part of individual traders growth in the crypto space. Then it's also true that trading is not easy; other newbies just think it's just buying and selling, but they don't think that these are things that should be considered in reality to achieve the desired profit.

And most of us already know that passion is really needed in crypto trading or in anything we want to know and learn. Apart from this, the only thing that is often done by others is that, due to a lack of knowledge, they base their trading on luck, while others become emotional and make rash decisions in their trading activity.

Almost all the traders will make mistake, it is very rare that any trader will never make any mistake in trading. Sometimes in a trade, we get a emotionally involved and take decision based on our emotions which eventually result in loss.

For example some traders follow the money management principle but at sometimes they get greedy and put more money into a single trade and if that trade goes in the wrong direction they will lose money.

I usually make mistake of not putting a stop loss in my trades and thus keep holding those trades for a longer duration.

[lixer]

Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

Yes, but there is nothing wrong with improvising. One can always enter earlier and exit earlier as well or enter a bit late and also exit a bit late so that they can get their profit as well and don't miss the trade just because the price they were aiming for was missed for some reason.

Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

That's true. A person who isn't emotionally stable shouldn't actually make any trades until they get a grip because decisions at such situations barely turn out to be good.

protect your capital, by using stop loss other, It minimize potential losses.

This is definitely one of the biggest mistakes a lot of new traders make. They don't use proper risk-management techniques and that causes them either losses or getting a part of their capital stuck in a single trade.

knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Yep, people often make the mistake of entering the market without ample knowledge which makes their potential go in vain, no matter how much passion one has for trading if they aren't focused on gaining knowledge, they are compromising with their trading career which isn't good.

[Bushdark]

Mistakes in the world of trading are fairly normal, especially for those who are still beginners, but from these mistakes, we can learn, because success also starts from mistakes. Many people leave trading because they always experience losses and they give up and don't want to learn and develop, because learning trading is not easy to learn and it takes a long time to understand it, it takes a strong intention and desire to understand trading. Even professional traders have experienced mistakes, but they continue to learn and develop from these mistakes. Yes, in short, there is no instant trading capability.

Some persons will keep making loses because they don't care about advise people give to them because of there urge to make quick profits from the market. There are many things we need to learn from the market for us to earn good profits and if we don't learn that, that is where our problems might begin. We need to always sort for information that would help us in a long run especially reading about mistakes many professional gamblers had made in the pastand working on ourselves to be a better gambler. Beginners traders have lot of things to learn to get accustomed to the trading system.

[Lanatsa]

Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

Yes, but there is nothing wrong with improvising. One can always enter earlier and exit earlier as well or enter a bit late and also exit a bit late so that they can get their profit as well and don't miss the trade just because the price they were aiming for was missed for some reason.

Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

That's true. A person who isn't emotionally stable shouldn't actually make any trades until they get a grip because decisions at such situations barely turn out to be good.

protect your capital, by using stop loss other, It minimize potential losses.

This is definitely one of the biggest mistakes a lot of new traders make. They don't use proper risk-management techniques and that causes them either losses or getting a part of their capital stuck in a single trade.

knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Yep, people often make the mistake of entering the market without ample knowledge which makes their potential go in vain, no matter how much passion one has for trading if they aren't focused on gaining knowledge, they are compromising with their trading career which isn't good.

1. You would really be needing to be versatile and its true that entry and exits would really differ to each other since not all would really be having on the same sentiment or analysis towards the market.This is why steps and actions would really be that different to each other and this is why outcomes and results would also differ too but doesnt matter much as long you are on positive then
this is whats most important.

2. Emotions is one of the main things that you would really be needing to control or something that will really be enhanced or would really be developed because if you do find it to be that impulsive
then pretty much sure that you are really that prone to lots of errors.

3. Make your research and act accordingly on basing up on what you have learned. Just dont make yourself getting in rush in dealing up with things because if you do have that
kind of particular mindset or treatment then errors is really taht next in line.

Take trading not to be a in a rush way which everything would really be needing sufficient time and effort for you to be able to make yourself that
a better trader.

[serjent05]

Unskilled traders often fall for a trap.  When there is a sudden increase in price, an unskilled trader may guess that a bull run has started so they actively buy coins thinking to take profit since it is just the beginning of the rally and price will increase in the coming days only to find out that they were trapped and unaware of the next reversal movement of the market.

Unskilled traders lack the knowledge and insights a seasoned trader has so it is more likely the unskilled trader to wrongly predict the possible future price movement.

[2double0]

Their worst mistake can turn out to be following someone without any track record. When an unskilled trader sees another unskilled trader sending some filled images with so many indicators and boxes saying this is high and this is low, take your trades here - and then he takes the trades personally and loses, he also lose trust on others and lose hope in crypto. In copytrading also, it is not good to follow anybody based on their recent past performance but their overall results.

[jaberwock]

Mistakes in the world of trading are fairly normal, especially for those who are still beginners, but from these mistakes, we can learn, because success also starts from mistakes. Many people leave trading because they always experience losses and they give up and don't want to learn and develop, because learning trading is not easy to learn and it takes a long time to understand it, it takes a strong intention and desire to understand trading. Even professional traders have experienced mistakes, but they continue to learn and develop from these mistakes. Yes, in short, there is no instant trading capability.

That is because of the unpredictable nature of the market or the cryptos. And there are lots of factors that surrounds it which can affect them. Even outside cryptos, our lives are always full of challenges and we can often commit mistakes but there is always a solution for it even not permanently. Mistakes can sometimes be a blessing in disguise because like you said it helps us to grow more as a person.

If we always experience a mistake, then maybe that thing is not for us. Sometimes it's better to just decide of quitting it, than it can cause you more harm than good. I believe that there are still lots of opportunities and we can always find one for us. There are no shortcuts but I think it's possible to rely on someone else. In trading there are copy trading and there are groups that provides signals. Sometimes they are free but just don't expect too much on them.

[Huppercase]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

A year is long for a any serious trader to adjust to any mistake. I don't think there is a trader that will quit after waiting and patiently trying for 360 days only for them to quit. Unless such trader don't have a vision, it's very easy to learn trade and map out mistakes for such period of time. In addition, trading is easy when explained too but when you do it yourself, you will feel the hard part but that is the best for any person that want to learn trading fast.

There are common mistakes they usually makes which are,
Remember trading requires not just strategy, but discipline

To summarize everything you wrote, trading mistakes can be adjusted by risk management. If you put risk management before everything on your trade, your mistakes will be less, the remaining mistakes that I can point out depends on how you understand trading. A serious trader will do a proper research, a trader who want to make profit will learn how to control his emotions, a real trader will make plan which is still risk management.

[Dickiy]

Mistakes in the world of trading are fairly normal, especially for those who are still beginners, but from these mistakes, we can learn, because success also starts from mistakes. Many people leave trading because they always experience losses and they give up and don't want to learn and develop, because learning trading is not easy to learn and it takes a long time to understand it, it takes a strong intention and desire to understand trading. Even professional traders have experienced mistakes, but they continue to learn and develop from these mistakes. Yes, in short, there is no instant trading capability.

That is because of the unpredictable nature of the market or the cryptos. And there are lots of factors that surrounds it which can affect them. Even outside cryptos, our lives are always full of challenges and we can often commit mistakes but there is always a solution for it even not permanently. Mistakes can sometimes be a blessing in disguise because like you said it helps us to grow more as a person.

If we always experience a mistake, then maybe that thing is not for us. Sometimes it's better to just decide of quitting it, than it can cause you more harm than good. I believe that there are still lots of opportunities and we can always find one for us. There are no shortcuts but I think it's possible to rely on someone else. In trading there are copy trading and there are groups that provides signals. Sometimes they are free but just don't expect too much on them.

Well it's true none other than that because the nature of the market is always difficult to predict and added to the fluctuating movements there, but well we have to admit and understand that this is trading, I honestly admit that trading is very difficult to learn and maybe only some people are able to pass this learning, but honestly I don't say that everyone can't, because of course it depends on themselves if they want to try hard then they will be able to go through all the processes. That's right, basically difficulties will always exist, not only in the world of trading but in all fields that you will live too, a simple example might be in our real life that there are always challenges that come as you said and it is real. Obviously, I agree that any mistakes you make while in the process are very natural, there is no success without failure, and that will be a very valuable learning for you in particular in order to be one step ahead in terms of knowledge.

Well there is a slight difference in this case, if indeed they always experience mistakes, there must be several factors that cause, between indeed they are not able to with all the conditions that are there and also between those who do not want to learn, but I know that if you really mean it then surely you will always find a way to get through it. But well if indeed you yourself feel unable then just stop, because there is no compulsion whatsoever for you to enter this field. Copytrading is indeed quite good, especially for beginners who still don't have much knowledge in this trading, if you don't want to be complicated with all the difficulties that are there but want to make a profit then maybe the simple alternative is copytrading.

[Vaculin]

Remember trading requires not just strategy, but discipline

That's right, it requires discipline too and even you have a lot of capital for trading but you have no patience. It's likely that you're just going to waste all of the money that you have. And this also applies to the new traders that have just been trying out to trade. Because many of them hurries a lot and think that trading is an easy game that they'll make money without the need to be patient. But it's all about being patient and you have to have that as in, a lot of it.

Let’s just say patience is the best virtue in trading. Without patience, you can never timing the market when would be the best entry and the best exit in your trades. And while trading has its inevitable losses most especially for beginners, but that does not mean that we should start fearing the market, instead learn to be patient and never rush making decisions like newbies jumping into trading that they will surely regret in the future. Just trade when you’ve gained enough knowledge and skills, for you to limit your losses and maximize your profits.

[AmoreJaz]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

A year is long for a any serious trader to adjust to any mistake. I don't think there is a trader that will quit after waiting and patiently trying for 360 days only for them to quit. Unless such trader don't have a vision, it's very easy to learn trade and map out mistakes for such period of time. In addition, trading is easy when explained too but when you do it yourself, you will feel the hard part but that is the best for any person that want to learn trading fast.

There are common mistakes they usually makes which are,
Remember trading requires not just strategy, but discipline

To summarize everything you wrote, trading mistakes can be adjusted by risk management. If you put risk management before everything on your trade, your mistakes will be less, the remaining mistakes that I can point out depends on how you understand trading. A serious trader will do a proper research, a trader who want to make profit will learn how to control his emotions, a real trader will make plan which is still risk management.

and when you go trading in this market, strategies and other learnings don't stop. it is continuous effort while you are still actively participating in this market. as we have varied projects, they have their own features and pros and cons, that make them unique in the trading market. but tips and tricks acquired throughout the years will aid you in arriving the best decision not to incur losses or at least, gain more profits.

[livingfree]

Some persons will keep making loses because they don't care about advise people give to them because of there urge to make quick profits from the market. There are many things we need to learn from the market for us to earn good profits and if we don't learn that, that is where our problems might begin. We need to always sort for information that would help us in a long run especially reading about mistakes many professional gamblers had made in the pastand working on ourselves to be a better gambler. Beginners traders have lot of things to learn to get accustomed to the trading system.

They think that they are better than the others and that's why they don't listen to the advice of other people that has better experience than them.

That's being unwise and that's how they are and that's totally fine. While for many of the newbies that like to listen to the advises of other traders, they're the ones that will learn more.

No offense that are like single warriors on the market, I am sure that they're also trying to learn from the others based on how long they like to stay on this market.

[wxa7115]

Some persons will keep making loses because they don't care about advise people give to them because of there urge to make quick profits from the market. There are many things we need to learn from the market for us to earn good profits and if we don't learn that, that is where our problems might begin. We need to always sort for information that would help us in a long run especially reading about mistakes many professional gamblers had made in the pastand working on ourselves to be a better gambler. Beginners traders have lot of things to learn to get accustomed to the trading system.

They think that they are better than the others and that's why they don't listen to the advice of other people that has better experience than them.

That's being unwise and that's how they are and that's totally fine. While for many of the newbies that like to listen to the advises of other traders, they're the ones that will learn more.

No offense that are like single warriors on the market, I am sure that they're also trying to learn from the others based on how long they like to stay on this market.

I can understand that a person can be headstrong about their skills and trading methods once they have developed their own strategy which they have verified by backtesting it, however being headstrong when you are a newbie will only lead to disaster.

As newbies do not have what it takes to develop a congruent and successful strategy, so by refusing to listen to others they are denying themselves the ability to learn important lessons for free, and instead they will have to learn those very same lessons by losing their money to the markets, and there is not many people which can afford to learn this way as it is too expensive.

[adzino]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

I do agree some of the points, but:

1. No matter how much you plan the "entry" and "exit" points, the market is very volatile. Hence, you might end up missing the "exit" point, or you will end up waiting for the entry point forever.  It's easier sad than done.

2. You can't remove emotions. Emotion is something very "natural". All you can do is control it.

3. Yeah, I agree with this one. There are lots of people that does  no research about the market. They don't even bother to learn anything. All they think is that they will buy low and sell high. In the end, what happens is that they make mistakes, lose their money and then start blaming the whole crypto market and the community for their losses.

[Xampeuu]

From the good explanation explained above, we will have trading experience by sharing the problem situations we face, that way we will be able to control our emotions and stick to the framework outlined at the beginning. It's not easy to master it right away, it requires gradual and repeated learning, until finally we have an intuition about candle movements, Of course it's not easy as long as we don't give up of course there will be progress

[livingfree]

They think that they are better than the others and that's why they don't listen to the advice of other people that has better experience than them.

That's being unwise and that's how they are and that's totally fine. While for many of the newbies that like to listen to the advises of other traders, they're the ones that will learn more.

No offense that are like single warriors on the market, I am sure that they're also trying to learn from the others based on how long they like to stay on this market.

I can understand that a person can be headstrong about their skills and trading methods once they have developed their own strategy which they have verified by backtesting it, however being headstrong when you are a newbie will only lead to disaster.

As newbies do not have what it takes to develop a congruent and successful strategy, so by refusing to listen to others they are denying themselves the ability to learn important lessons for free, and instead they will have to learn those very same lessons by losing their money to the markets, and there is not many people which can afford to learn this way as it is too expensive.

I think that's the condition, when you're still newbie, you can't be dependent to yourself as you need guidance and ideas from other traders. So, coming from that part and you just need to learn as in with everything that you have to learn.

And we can't be choosers when we're still newbie but then, it's all about the possibilities and potentials that we can get by starting around. You're all on your own if you choose to and learn from your own experiences.

But you can get some greater help if you're just going to listen from the others who are also willing to share their knowledge and ideas from their experiences.

[sulendra12]

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

It's always good to have a vision about when to start and when to stop but there is an occasion where people need to do stop losses because of the unexpected things happen that was not planned before. No one knows what happen next and you must adapt with everything in the market in order to actually survive with the stuff.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

It's easier to said than done. Every person has different anger level and how do they manage their own emotions, one is easier to manage but the rest is more difficult.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.
Remember trading requires not just strategy, but discipline

This one is true, even though the assets are already famous and people know it but still you have to keep researching about future update and it may affect your current performance depends on how the news goes.

[Sanitough]

Mistakes are a part of individual traders growth in the crypto space. Then it's also true that trading is not easy; other newbies just think it's just buying and selling, but they don't think that these are things that should be considered in reality to achieve the desired profit.

And most of us already know that passion is really needed in crypto trading or in anything we want to know and learn. Apart from this, the only thing that is often done by others is that, due to a lack of knowledge, they base their trading on luck, while others become emotional and make rash decisions in their trading activity.

Trading is skill based, so if these unskilled traders rely on luck, they’re not actually trading but certainly gambling. And both are definitely differ with each other, except that both have their own risks.

However, mistakes are always normal in trading that even professionals still commit inevitable mistakes. But if you are in trading, you should know that mistakes will definitely lead to losses, and consistent losses will end up losing your entire trading career. That’s the reason why trading should be learned the hard way, otherwise you will never trade for profits but only consistent losses.

[Dickiy]

Mistakes are a part of individual traders growth in the crypto space. Then it's also true that trading is not easy; other newbies just think it's just buying and selling, but they don't think that these are things that should be considered in reality to achieve the desired profit.

And most of us already know that passion is really needed in crypto trading or in anything we want to know and learn. Apart from this, the only thing that is often done by others is that, due to a lack of knowledge, they base their trading on luck, while others become emotional and make rash decisions in their trading activity.

Trading is skill based, so if these unskilled traders rely on luck, they’re not actually trading but certainly gambling. And both are definitely differ with each other, except that both have their own risks.

However, mistakes are always normal in trading that even professionals still commit inevitable mistakes. But if you are in trading, you should know that mistakes will definitely lead to losses, and consistent losses will end up losing your entire trading career. That’s the reason why trading should be learned the hard way, otherwise you will never trade for profits but only consistent losses.

Well I totally agree with your assumption, sometimes it is not uncommon for some of them to trade by just relying on luck, they do it by guessing, I can't help but think and of course if they trade always like that then it is no different from gambling. I'm sure it's those who really want to make a profit but don't want to put in the effort by doing some learning, maybe they do that way because they know that it's difficult to learn the world of trading, and yes I would say that they are just wasting time and money if they continue like that.

Of course skills are the most important thing in the world of trading, it's like it's your bridge to get consistent profits, although well I understand it's quite difficult to learn but there is no other way because only by learning all the lessons that are there then you will be able to get the profit you want. Basically there is no success without failure or difficulty in the process, why is it so difficult to achieve? because there is something promising that is waiting for you in the future if you make it through, so mistakes are completely normal, because mistakes will give you lessons so that you can develop more. Agree, this trading is really risky so it's only natural that learning is very difficult, so be eager to learn if you want to become one of the successful traders who earn profits consistently.

[michellee]

From the good explanation explained above, we will have trading experience by sharing the problem situations we face, that way we will be able to control our emotions and stick to the framework outlined at the beginning. It's not easy to master it right away, it requires gradual and repeated learning, until finally we have an intuition about candle movements, Of course it's not easy as long as we don't give up of course there will be progress

By continuing to practice what we learn in trading, we will become more accustomed to analyzing trades. That will increase our ability to analyze so we can gain profits from trading later.

However, this is not the case for traders who do not yet have the ability to trade. They tend to wait for signals from other traders. They think it will shorten their time for analysis even though that is not the intention because by training their analytical skills through trading, they will have better abilities.

And it will be useful for them in the future. Consider what they are doing now to train their analytical skills to be even better in the future.

[synchronym]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

There are a lot of people who get frustrated a little bit I want to say something when you trade crypto you must trade with time.  As the op said when newbies trade crypto they are in a hurry and get frustrated in a very short period of time if nothing happens in a week or a year they get frustrated and lose money. But don't be disappointed like that when you trade in crypto you must know about it well then you have to trade. Otherwise you are more likely to lose if you trade crypto.

[Unbunplease]

There are a lot of people who get frustrated a little bit I want to say something when you trade crypto you must trade with time.  As the op said when newbies trade crypto they are in a hurry and get frustrated in a very short period of time if nothing happens in a week or a year they get frustrated and lose money. But don't be disappointed like that when you trade in crypto you must know about it well then you have to trade. Otherwise you are more likely to lose if you trade crypto.

Of course, experience in any trade matters a great deal. But it is also important to be able to concentrate, to distribute your forces correctly, and to act quickly, as trading situations change very quickly. That is why you need a good and reliable internet connection - preferably several options

[Rabata]

Mistakes in the world of trading are fairly normal, especially for those who are still beginners, but from these mistakes, we can learn, because success also starts from mistakes. Many people leave trading because they always experience losses and they give up and don't want to learn and develop, because learning trading is not easy to learn and it takes a long time to understand it, it takes a strong intention and desire to understand trading. Even professional traders have experienced mistakes, but they continue to learn and develop from these mistakes. Yes, in short, there is no instant trading capability.

Some persons will keep making loses because they don't care about advise people give to them because of there urge to make quick profits from the market. There are many things we need to learn from the market for us to earn good profits and if we don't learn that, that is where our problems might begin. We need to always sort for information that would help us in a long run especially reading about mistakes many professional gamblers had made in the pastand working on ourselves to be a better gambler. Beginners traders have lot of things to learn to get accustomed to the trading system.

There are many traders who don't want to listen to anyone's advice  but after a long period of time when they lose in trading, gradually they understand what is the problem. But what is lost that will never regain. A trader must know some basics to start trading. Some traders think that there is money, just bought and made a profit, trading is done, that is not the case. To become a trader, a trader must acquire knowledge on various subjects. There are some common mistakes, one of which is to take trades without doing your own research or expertise. But the biggest mistake that a trader often makes is that they consider trading is very simple task.

[goinmerry]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
Remember trading requires not just strategy, but discipline

Seeing newbies having traits that are not appropriate for trading? Of course, they are newbies.

If these newbies were able to earn a good amount on their early traders, expect them to have a mindset that trading is easy, bearable, not that difficult to learn, not that challenging, easy money, quick profits, and their mind will only fill with positive thoughts even it's unrealistic.

As they lose, especially on a losing streak, if these traders are really eager to continue their trading career, they will now understand that something is wrong and their approach will now be changed into something much more disciplined and very well-planned. Unfortunately, there are people who after a series of losses in trades, will decide to quit and give up.

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

[Lanatsa]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
Remember trading requires not just strategy, but discipline

Seeing newbies having traits that are not appropriate for trading? Of course, they are newbies.

If these newbies were able to earn a good amount on their early traders, expect them to have a mindset that trading is easy, bearable, not that difficult to learn, not that challenging, easy money, quick profits, and their mind will only fill with positive thoughts even it's unrealistic.

As they lose, especially on a losing streak, if these traders are really eager to continue their trading career, they will now understand that something is wrong and their approach will now be changed into something much more disciplined and very well-planned. Unfortunately, there are people who after a series of losses in trades, will decide to quit and give up.

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

Everyone starts on being a noob and it is really that understandable that on this time we are really that prone to lots of mistakes which is normal and come to think that even to those professionals or veterans are ones newbies too but on the time that they had gained out sufficient knowledge and experience then this is the time that they do really been able to handle out themselves on becoming better basing up on the things that they had encountered on which this is really just that a normal phase. The wrong thing on here is that on the time that you do experience losses and mistakes but you do keep on repeating on the same mistakes then there's something wrong about you because its impossible that you wont really be making out any adjustments on the time you do already encounter such things.

Skills isnt something that you could really be able to gain overnight and this would really be involving tons of time and effort before you could really be able to acquired such thing and always bare in mind that
never ever make yourself that put up in a rush because this is where errors and mistakes do usually happen or occur.This is why take it slow and really that mindful about on the actions
that you are making or doing and not really just hurriedly making decisions which arent that supposed to be done or making yourself that desperate which is a no go.

[DVlog]

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

I agree with your points of view. Mistakes improve a man's knowledge and experience. It is important to learn from your mistake and if you make the same mistake simultaneously then you are not concentrating. Every time a trader makes a mistake a short note about it should be taken so that he can improve his strategy by finding out the reason behind that bad trade.

[Wiwo]

There are a lot of people who get frustrated a little bit I want to say something when you trade crypto you must trade with time.  As the op said when newbies trade crypto they are in a hurry and get frustrated in a very short period of time if nothing happens in a week or a year they get frustrated and lose money. But don't be disappointed like that when you trade in crypto you must know about it well then you have to trade. Otherwise you are more likely to lose if you trade crypto.

Of course, experience in any trade matters a great deal. But it is also important to be able to concentrate, to distribute your forces correctly, and to act quickly, as trading situations change very quickly. That is why you need a good and reliable internet connection - preferably several options

Trading is just like investment,  and profits from both you have to sacrifice time and money into building long-term experience and skills that keep you an edge above other counterparts,  it's indeed a great pleasure to start trading as a newbie but then it much more important to know how exactly to trade and what mechanisms to apply,  this is most very important points to note and in doing so,  it will help the newbies a lot to build the needed patience that will guide him through all the thick and tide of the market.

This is not limited to traders alone,  even investors also are encouraged to spend some time in building their skills in the direction that will help them to properly stimulate and comprehend the entire process that will build in them the experience needed to withstand every form of opposition in the market.

[fullhdpixel]

Their worst mistake can turn out to be following someone without any track record. When an unskilled trader sees another unskilled trader sending some filled images with so many indicators and boxes saying this is high and this is low, take your trades here - and then he takes the trades personally and loses, he also lose trust on others and lose hope in crypto. In copytrading also, it is not good to follow anybody based on their recent past performance but their overall results.

People often think that someone who has already been trading will be able to make better trades than them, and they think this way without even trying themselves and learning much about trading or the market. Some are lazy and some are simply in a hurry to earn money so they skip the learning part and think that they should start earning profits immediately after entering the market which is a wrong mindset to have since things can go very wrong sometimes.

It is much better for a person who wants to venture into cryptocurrency trading to learn the essentials about trading and the cryptocurrency market and practice using demo accounts to check their skills and then start trading themselves, with a small amount initially so that they don't lose a lot of money in case they make a mistake. After some time, they will be able to trade effectively.

[Dickiy]

Their worst mistake can turn out to be following someone without any track record. When an unskilled trader sees another unskilled trader sending some filled images with so many indicators and boxes saying this is high and this is low, take your trades here - and then he takes the trades personally and loses, he also lose trust on others and lose hope in crypto. In copytrading also, it is not good to follow anybody based on their recent past performance but their overall results.

People often think that someone who has already been trading will be able to make better trades than them, and they think this way without even trying themselves and learning much about trading or the market. Some are lazy and some are simply in a hurry to earn money so they skip the learning part and think that they should start earning profits immediately after entering the market which is a wrong mindset to have since things can go very wrong sometimes.

Yes just by seeing that other people who have traded they think that that person will be able to be better in the next trade, but I don't think it will always be like that, because they only "have" traded not someone who is actively always doing that. So maybe they shouldn't make too many assumptions without knowing what the real difficulties are in this trading world and of course maybe the other person they think is better is actually far below them, meaning they are much worse at trading than you, it could be. True, not everyone is a good learner and of course there are some who struggle with learning, it depends on themselves, but for those who are lazy learners I don't think I would blame anyone else but themselves. Of course, this happens for several reasons, as you mentioned, it is not uncommon for those who are in a hurry to enter real trading but are still very low in terms of knowledge, they are too focused on profits but do not pay attention at all to preparing to minimize losses, and yes, in the end, instead of profits obtained but losses even more dominate.

It is much better for a person who wants to venture into cryptocurrency trading to learn the essentials about trading and the cryptocurrency market and practice using demo accounts to check their skills and then start trading themselves, with a small amount initially so that they don't lose a lot of money in case they make a mistake. After some time, they will be able to trade effectively.

Basically trading is very risky because the nature of the market is very volatile and anyone will not be able to predict with 100% accuracy, even those who are experienced still have difficulty. Losses will always be there, and I am sure you will not want to continue to experience losses, well so the only way to reduce the amount of loss is to learn a lot about something that can make you lose and avoid it. So you will be able to get profits consistently but with a lower level of loss because you always learn to be better.

[Y3shot]

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

I agree with your points of view. Mistakes improve a man's knowledge and experience. It is important to learn from your mistake and if you make the same mistake simultaneously then you are not concentrating. Every time a trader makes a mistake a short note about it should be taken so that he can improve his strategy by finding out the reason behind that bad trade.

Mistakes are very essential in learning,  this is the only to get understanding of things very fast. But in trading I don't think it is proper for beginners to learn everything they needs to know through Mistakes. Beginners needs to put effort in learning to minimize mistakes they will come across in trading.  Too much mistakes causes lose of money in trading,  if their are much learning habits it will reduce the rate at which beginners lose in trading.

In trading no doubt we need experience to make things easy as we proceed in trading but we should not have a mindset that every understanding must come as a result of mistake.

[jeha2015]

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

I agree with your points of view. Mistakes improve a man's knowledge and experience. It is important to learn from your mistake and if you make the same mistake simultaneously then you are not concentrating. Every time a trader makes a mistake a short note about it should be taken so that he can improve his strategy by finding out the reason behind that bad trade.

In my opinion, the mistake of most investing and trading anywhere is because of fomo. Dare to go all in with all asset transfers to one of the assets that he "considers" as a get rich quick vehicle. Even though there are many steps that must be taken, one of which is investing or trading responsibly. I mean you have to really understand what you want to invest in.

But people are lazy to do that, then choose to trade and invest. What's worse is not using diversification, not understanding the risk profile, not understanding what assets to invest in, and never turning mistakes into experience.

[beerlover]

finding the best oportunity is all about patient and emotion control a trader cant succeed without these two, even more so those newbies that are still kinda greedy when it comes to making decision.
many thought its simple thing, everyone can become millionaire from trading, they don't know that its those big capital owner that make profit usually.
if there is any trader that become millionaire its because their discipline that is enormous as well as their capability of analyzing.
its not just putting order and gain profit, thats such massive understatement and minsunderstanding.

I wouldn't go that far thinking that I'll be one of those millionaires. I'm not just as good as they are but it's true that it's like the opportunity is endless in trading when you know how it works. I'm not belittling myself as I am also aiming that but not through trading but through investing in Bitcoin.
There's a similarity but trading is more active than holding and investing and that's why I'm moving forward to that as both of them requires a lot of patience.

I would say that you shouldn't be considering yourself so short, you should be able to do it if you are giving it enough time and I bet that we are all capable of it. The only thing that is required for something like this would be spending some time learning and then giving it some time to reach there. I personally do not believe that we are going to end up with some trouble and shouldn't be an issue.

I think the best thing to do in this regard would be making sure that we are going to end up with a return that would be smarter to handle. I get that life is not that easy and giving it some time means that you are going to work a lot for many years, maybe even decades and not a lot of people want to do it, but just because we can't wait for it and work that hard for it, doesn't mean that we can't do it. Those are different things, I bet that you can do it, you have nothing short of what others who have done it has. You should be able to do it as well.

[GiftedMAN]

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

I agree with your points of view. Mistakes improve a man's knowledge and experience. It is important to learn from your mistake and if you make the same mistake simultaneously then you are not concentrating. Every time a trader makes a mistake a short note about it should be taken so that he can improve his strategy by finding out the reason behind that bad trade.

Mistakes are very essential in learning,  this is the only to get understanding of things very fast. But in trading I don't think it is proper for beginners to learn everything they needs to know through Mistakes. Beginners needs to put effort in learning to minimize mistakes they will come across in trading.  Too much mistakes causes lose of money in trading,  if their are much learning habits it will reduce the rate at which beginners lose in trading.

In trading no doubt we need experience to make things easy as we proceed in trading but we should not have a mindset that every understanding must come as a result of mistake.

Mistake is a prove that one is learning and there is no way we can prevent that especially as a trader. Beginner traders would always make mistake for a better understanding about the market. Many pro traders we see now with accurate results never started trading as a genius, they like the process and because of consistency, they were able to persevere and undergo the proper training that brought them to the level they are today. If we out all our efforts on something and we are ready to learn such thing with all curiosity, we are going to get to such level if there is no external force acting on the person as a resistance.

[Hamphser]

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

I agree with your points of view. Mistakes improve a man's knowledge and experience. It is important to learn from your mistake and if you make the same mistake simultaneously then you are not concentrating. Every time a trader makes a mistake a short note about it should be taken so that he can improve his strategy by finding out the reason behind that bad trade.

Mistakes are very essential in learning,  this is the only to get understanding of things very fast. But in trading I don't think it is proper for beginners to learn everything they needs to know through Mistakes. Beginners needs to put effort in learning to minimize mistakes they will come across in trading.  Too much mistakes causes lose of money in trading,  if their are much learning habits it will reduce the rate at which beginners lose in trading.

In trading no doubt we need experience to make things easy as we proceed in trading but we should not have a mindset that every understanding must come as a result of mistake.

Mistake is a prove that one is learning and there is no way we can prevent that especially as a trader. Beginner traders would always make mistake for a better understanding about the market. Many pro traders we see now with accurate results never started trading as a genius, they like the process and because of consistency, they were able to persevere and undergo the proper training that brought them to the level they are today. If we out all our efforts on something and we are ready to learn such thing with all curiosity, we are going to get to such level if there is no external force acting on the person as a resistance.

Mistakes are learning but on the sense that you are already that making too much mistake then this is something that wont really be that wise anymore. You should really mindful whether you should really be lessening up the risk on acquiring more mistakes because even though it would really called as a learning but still wont really be that wise on tolerating it or making yourself that stagnant on not to make any actions and keeps on repeating on the same mistake all over again and again on which it isnt really that wise anymore on something like this.  Mistakes are indeed that inevitable even on how professional you are or how veteral or old you are into such industry but there's no way that you could really be able to avoid it. The important thing on here is that you do know on what you should gonna do on the time that you would really be able to experience it out and do have those back up plans that had already been set.

Just go with the flow and act accordingly and make out adjustments on which are really that supposed to be done on whatever things you would really be needing to deal with.
Adjustments and really that having that good reactions and versatility would really be able to help you out.

[Timmzzy]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.,
_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

Have made some and have loss some, got addicted to trading so deep that i cant for one day imagine am gonna quit. its a tough one like you said never easy and on the journey we still keep learning. actually like this word DISCIPLINE you used there

Remember trading requires not just strategy, but discipline

[poodle63]

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

I agree with your points of view. Mistakes improve a man's knowledge and experience. It is important to learn from your mistake and if you make the same mistake simultaneously then you are not concentrating. Every time a trader makes a mistake a short note about it should be taken so that he can improve his strategy by finding out the reason behind that bad trade.

but experience could be obtained by other means like reading other experiences, its not always needed to have first hand experience to be able to contain any problems.
because after all thats gonna be expensive experience to learn and not everyone could afford that.
its also why its better if we could just learn from other mistake, to keep our capital from decreasing, and also to be able to have higher chance of proffiting.
there's reason why many veteran trader recommend to skim through some books first because its essential in increasing our experiences.

[Pandu Geddon]

Mistakes are learning but on the sense that you are already that making too much mistake then this is something that wont really be that wise anymore. You should really mindful whether you should really be lessening up the risk on acquiring more mistakes because even though it would really called as a learning but still wont really be that wise on tolerating it or making yourself that stagnant on not to make any actions and keeps on repeating on the same mistake all over again and again on which it isnt really that wise anymore on something like this.  Mistakes are indeed that inevitable even on how professional you are or how veteral or old you are into such industry but there's no way that you could really be able to avoid it. The important thing on here is that you do know on what you should gonna do on the time that you would really be able to experience it out and do have those back up plans that had already been set.

Just go with the flow and act accordingly and make out adjustments on which are really that supposed to be done on whatever things you would really be needing to deal with.
Adjustments and really that having that good reactions and versatility would really be able to help you out.

However, if a trader has a great willingness to learn, of course the mistakes he experiences will grow his knowledge and skills. Maybe it would be different if a trader didn't get personal development from what he had done. If it continues like that then what happens will not be much different from consecutive losses.

for those who are serious about learning, they will do a lot of studying rather than trying at the beginning. so they minimize the risk of loss. Don't just keep trying trades even if you lose money, that will just be a waste of money. but how do they study shortcomings and try to find the best solutions that can be used to gain profits.
everyone learns, and anyone who doesn't give up on learning the trade, will definitely thrive.

[barisbilgili]

However, if a trader has a great willingness to learn, of course the mistakes he experiences will grow his knowledge and skills. Maybe it would be different if a trader didn't get personal development from what he had done. If it continues like that then what happens will not be much different from consecutive losses.

for those who are serious about learning, they will do a lot of studying rather than trying at the beginning. so they minimize the risk of loss. Don't just keep trying trades even if you lose money, that will just be a waste of money. but how do they study shortcomings and try to find the best solutions that can be used to gain profits.
everyone learns, and anyone who doesn't give up on learning the trade, will definitely thrive.

Correcting the mistakes we have made in trading will enable us to take the right decisions when trading and we can learn from the mistakes we have made, those who cannot learn from the mistakes they have made will cause them to experience a lot of losses, so it will be more It's good to look for friends who have experience in the field of trading to ask them to teach them how to trade to reduce their risk of failure.

Trying what has been learned is natural, but we have to set limits in trying it so that when we experience a loss we are still able to fix it and find a solution to solve the problem and use the problem as a lesson so as not to repeat it again in the future. You are right, by studying it consistently it will certainly enable us to develop in the field of trading that we do.

[Adams0001]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

Trading is not like an investment that you will leave for a long time, you need to get a plan and knowledge before putting your self into it, that is what some newbies did not understand they just want fast money and before you succeed in anything the first thing to do is to understand how the system and asking the professional how they do their trading to succeed because learning from others will help you perfect in trading, They did not relax since they saw people making money on it, despite the fact that all successful traders took the time to learn.

Many people who lose in trading have learned their mistakes, and I will advise newbies to start with small funds because putting money you can't afford to lose will bring you serious problems because trading brings huge profit and loss, and you can never predict when you'll be winning because even professionals lose in trading. Newbies should learn very well and ask questions with professionals because he will help them for too much failure.

[Baki202]

There are a lot of people who get frustrated a little bit I want to say something when you trade crypto you must trade with time.  As the op said when newbies trade crypto they are in a hurry and get frustrated in a very short period of time if nothing happens in a week or a year they get frustrated and lose money. But don't be disappointed like that when you trade in crypto you must know about it well then you have to trade. Otherwise you are more likely to lose if you trade crypto.

Time is one of the most important resources to employ when trading, and judging by the way things are going, trading cryptocurrency is going to be difficult because it demands a lot of mental effort. I don't think the irritation is exclusive to rookie traders; even in this forum, you can see that many investors in Bitcoin are anxious for their profit since everyone wants to succeed. After trading, your thoughts will remain focused on that deal until you make money before you can let it go. and they might even trade and not get anything but that does not mean you should give up.

Of course, experience in any trade matters a great deal. But it is also important to be able to concentrate, to distribute your forces correctly, and to act quickly, as trading situations change very quickly. That is why you need a good and reliable internet connection - preferably several options

Since even a small amount of distraction can do significant harm, trading takes intense concentration if you want to enjoy it. Focus and a solid internet connection are good ingredients for a tasty meal, and if the correct energy can be changed there, it will be of amazing importance to the trader.

[DVlog]

Experience always starts at losing that's why it's better for me to see newbies having a tough run while they progress.

I agree with your points of view. Mistakes improve a man's knowledge and experience. It is important to learn from your mistake and if you make the same mistake simultaneously then you are not concentrating. Every time a trader makes a mistake a short note about it should be taken so that he can improve his strategy by finding out the reason behind that bad trade.

but experience could be obtained by other means like reading other experiences, its not always needed to have first hand experience to be able to contain any problems.
because after all thats gonna be expensive experience to learn and not everyone could afford that.
its also why its better if we could just learn from other mistake, to keep our capital from decreasing, and also to be able to have higher chance of proffiting.
there's reason why many veteran trader recommend to skim through some books first because its essential in increasing our experiences.

Reading books can give you knowledge but not experience. You can be motivated by reading how others enjoy swimming or driving a car but you won't get how it feels until you actually do it. Having knowledge and experience is not the same thing. An experienced person seems knowledgable but a knowledgeable person can be inexperienced. You can learn from others mistake but it won't give you the confidence to face the challenges.

[Dimitri94]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,
_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

To the newbies, trading seems entirely like a platform where a trader can make profit only by investing money. But the idea changes when they start losing. It is said that everything related to money requires knowledge and trading is no exception. For a trader to trade he must acquire knowledge of many things otherwise he will face loss. A trader must develop a risk appetite. Before making any investment, he should also do adequate research about the said investment, especially the history, current status and prospects of the asset. You have to stick to your own rules. Sometimes there may be various rumors in the market which should be analyzed and decided with your own skills. A trader should be aware of such issues before trading. Since there is no limit to human learning, he must continue to acquire knowledge.

[Twentyonepaylots]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,
_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

To the newbies, trading seems entirely like a platform where a trader can make profit only by investing money. But the idea changes when they start losing.

A fault at first. Some newbies thought trading is all about making profits, not thinking how much they could lose through it.

It is said that everything related to money requires knowledge and trading is no exception. For a trader to trade he must acquire knowledge of many things otherwise he will face loss. A trader must develop a risk appetite. Before making any investment, he should also do adequate research about the said investment, especially the history, current status and prospects of the asset.

No, a trader only requires money, a platform, a little knowledge to buy and sell. A good trader possesses knowledge through researches, money, platform, enhanced cognitive skills, and discipline. Actually, a mere trader does not think about the risk, it is least of their concern.

You have to stick to your own rules. Sometimes there may be various rumors in the market which should be analyzed and decided with your own skills. A trader should be aware of such issues before trading. Since there is no limit to human learning, he must continue to acquire knowledge.

Being involved in trading is being involved to the entirety of crypto space, a small news could spark the status of the market. Every trader should be wary of the events happening around crypto, this is why researches is a good weapon to fight against the volatile market.

[terrific]

There are traders that want to do calculated risks and for some reasons, there goes the others that does the opposite.
They don't calculate their risk and they don't manage the risk that they're taking. But what's new? They are unskilled and that's why they will mostly commit mistakes.
Because if they are skilled, they're not going to make or it's just minimal but it's normal for a starting out coming from being unskilled into becoming skilled.

[justdimin]

Basically trading is very risky because the nature of the market is very volatile and anyone will not be able to predict with 100% accuracy, even those who are experienced still have difficulty. Losses will always be there, and I am sure you will not want to continue to experience losses, well so the only way to reduce the amount of loss is to learn a lot about something that can make you lose and avoid it. So you will be able to get profits consistently but with a lower level of loss because you always learn to be better.

Market may be volatile but the frequency are I think can also depend on the coin that we choose. As you said, losses are always there, therefore don't say that we can avoid it. The first one that you said which is to reduce the loss is already okay.

Yes, no one wants to lose continuously, that sucks. I'd rather donate my money to the charity than lose it for nothing. I know, we can gain an experience but it's useless if we are not improving. In trading, consistent profits for a long period of time is not possible but it's fine, as our losses in some days can still be compensated by our profitable days. Traders who are like this are already pro or skillful but if they can learn more and improve more, why not?

[shinratensei_]

Basically trading is very risky because the nature of the market is very volatile and anyone will not be able to predict with 100% accuracy, even those who are experienced still have difficulty. Losses will always be there, and I am sure you will not want to continue to experience losses, well so the only way to reduce the amount of loss is to learn a lot about something that can make you lose and avoid it. So you will be able to get profits consistently but with a lower level of loss because you always learn to be better.

Market may be volatile but the frequency are I think can also depend on the coin that we choose. As you said, losses are always there, therefore don't say that we can avoid it. The first one that you said which is to reduce the loss is already okay.

Yes, no one wants to lose continuously, that sucks. I'd rather donate my money to the charity than lose it for nothing. I know, we can gain an experience but it's useless if we are not improving. In trading, consistent profits for a long period of time is not possible but it's fine, as our losses in some days can still be compensated by our profitable days. Traders who are like this are already pro or skillful but if they can learn more and improve more, why not?

even making our win more than our losses is such a feat in trading sometime it really requires adequacy and proficiency in both resources and skills in observing the market.
but the fact that the market always dynamically change, basically can't be too fixated on a certain book about knowledge in trading mean that our win and lose rate would be inconsistent as well so really can't be sure whether our win will be more than our losses.
honestly this is one thing that make me devoted investors instead of trader, because it just make sense, wait it out, and it will rise.
with trading not so much, you can be trapped in a bearish, losing 80% of your traded capital, and make decision whether to become "investor" or just cut loss.

[lienfaye]

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

Indeed. It can influence our decision making, therefore it's a must that you can handle your emotion. Because this is one of the reason why we lose in our trade, the fear and greed. So if you're going to decide based on it you'll likely fail to profit.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

The problem is, many people think it's easy to learn and enter in trading (like choosing an exchange to use then will buy and sell a certain coin) but that's not how it should be. It takes time, and you must be prepared. If you're going to rush to become a trader, chances are you might lose your hard-earned money for not being careful. Sure you'll learn from your experience but it is still different if you enter with knowledge since you're aware of what you should do.

[Dickiy]

Market may be volatile but the frequency are I think can also depend on the coin that we choose. As you said, losses are always there, therefore don't say that we can avoid it. The first one that you said which is to reduce the loss is already okay.

Yes, no one wants to lose continuously, that sucks. I'd rather donate my money to the charity than lose it for nothing. I know, we can gain an experience but it's useless if we are not improving. In trading, consistent profits for a long period of time is not possible but it's fine, as our losses in some days can still be compensated by our profitable days. Traders who are like this are already pro or skillful but if they can learn more and improve more, why not?

even making our win more than our losses is such a feat in trading sometime it really requires adequacy and proficiency in both resources and skills in observing the market.
but the fact that the market always dynamically change, basically can't be too fixated on a certain book about knowledge in trading mean that our win and lose rate would be inconsistent as well so really can't be sure whether our win will be more than our losses.
honestly this is one thing that make me devoted investors instead of trader, because it just make sense, wait it out, and it will rise.
with trading not so much, you can be trapped in a bearish, losing 80% of your traded capital, and make decision whether to become "investor" or just cut loss.

Of course if we can make our profits much greater than the losses for a week or a month in calculations for example then obviously it is quite an achievement, you have been able to reduce the level of risk to be smaller and after that all that is needed is to remain consistent. But to be able to achieve such a position is not easy and for some people it is very difficult, there are quite a lot of factors that hinder, among them as you said, they must have proficiency and skill in observing the market and also of course with sufficient knowledge.

The fact is that it is very difficult, the fact is that even if you spend all day reading books in terms of learning but still when you really plunge into the market then maybe only a few percent of the knowledge that you can use there from reading the book. That's because the nature of the market is always changing - changing and of course this is a difficulty for every trader in my opinion. Not infrequently also some of those who can be said to be quite advanced traders can still be fooled when entering the market, they bring strategy A but apply it in a market that is B, of course the results will not match expectations. Of course everyone has their own choices, and you may be one who prefers to be an investor rather than a trader, because maybe you have seen that the profession as a trader is too difficult and complicated. Everyone has their own perspective in seeing things and maybe they will definitely choose one of these two professions, investor or trader? yes you know which one is better for yourself.
     

[Belarge]

There are traders that want to do calculated risks and for some reasons, there goes the others that does the opposite.
They don't calculate their risk and they don't manage the risk that they're taking. But what's new? They are unskilled and that's why they will mostly commit mistakes.
Because if they are skilled, they're not going to make or it's just minimal but it's normal for a starting out coming from being unskilled into becoming skilled.

There are numerous mistakes made in the sector by traders who are still yet to implement calculative risk management; these traders are unconcerned about their blunders; all they care about is that they are making enormous profits. The trading space is sufficiently massive to accommodate everyone, and experienced traders have a perpetual grin at the end of triggered trades. There are enough dangers that should be monitored and calculated. Unskilled traders are most frequently newcomers who are keen to make an extensive amount of money in the market but lack the proper trading strategies.

[DVlog]

There are traders that want to do calculated risks and for some reasons, there goes the others that does the opposite.
They don't calculate their risk and they don't manage the risk that they're taking. But what's new? They are unskilled and that's why they will mostly commit mistakes.
Because if they are skilled, they're not going to make or it's just minimal but it's normal for a starting out coming from being unskilled into becoming skilled.

It is natural to make a bad decision which can cause massive losses for your portfolio. These types of circumstances decreased over time as our trading experience increased. So we should have a stone craved money management strategy that can assist us in minimizing our losses in case our trade goes bad. A newbie can not control his emotions and can make bad decision but he can not ignore his money management strategy. This can be his best savior from his bad trade.

[Lanatsa]

There are traders that want to do calculated risks and for some reasons, there goes the others that does the opposite.
They don't calculate their risk and they don't manage the risk that they're taking. But what's new? They are unskilled and that's why they will mostly commit mistakes.
Because if they are skilled, they're not going to make or it's just minimal but it's normal for a starting out coming from being unskilled into becoming skilled.

It is natural to make a bad decision which can cause massive losses for your portfolio. These types of circumstances decreased over time as our trading experience increased. So we should have a stone craved money management strategy that can assist us in minimizing our losses in case our trade goes bad. A newbie can not control his emotions and can make bad decision but he can not ignore his money management strategy. This can be his best savior from his bad trade.

Losses is inevitable and even if you are professional or expert then there's no way that you could really be able to avoid such situation because the market is unpredictable or random then it would really be just that
normal that losses would be there.The difference on here is that in between experts/experienced ones to those noobs who doesnt really have that knowledge on what you should gonna do.
Those unskilled traders would really be that becoming skilled  later on on the time that you would really be able to gain experience. We cant really be just that directly on making yourselves becoming that skills or knowledgeable without getting those experience. This is why there's nothing wrong on being a noob because we are all going or experience this time or moment.

It is really just that normal that we would really be making mistakes in terms of decisions and choices due to lack of awareness and knowledge which is normal
Whats not normal is that you dont make yourself do able to adjust and tolerate out those mistakes and this isnt recommended on doing so.
You cant really be able to make yourself that progressive if you wont really that making adjustments.

[Aanuoluwatofunmi]

There are traders that want to do calculated risks and for some reasons, there goes the others that does the opposite.
They don't calculate their risk and they don't manage the risk that they're taking. But what's new? They are unskilled and that's why they will mostly commit mistakes.
Because if they are skilled, they're not going to make or it's just minimal but it's normal for a starting out coming from being unskilled into becoming skilled.

Though everyone can fall under the issue of making mistakes but the very common ones are the types experienced from the unskilled traders, the mistake they do often is base on wrong assumption, they don't know something and yet they keep pretending to fake it until they see the end of everything being under failure, part of which are wrong indicators, inaccurate speculations, wrong timing and poor interpretation of what the chart is just to say few, there are other mistakes they do that led to waste of money while trading but we cannot dive into them in details than these common ones.

[Vispilio]

At the top of most amateurs' / losing traders' list would be cutting profits too soon and getting married to losing positions in the hope that they might reverse...

Many studies have shown that losing has a stronger emotional effect on one's psyche than winning the same amount does, so the human instinct is to avoid realizing a loss at all costs, that's how losing trades often culminate in account blow ups and margin calls.

To become a robust trader, one of the top lessons is to be familiar with taking losses, understanding that it's part of the game, and being very agile and vigilant about when to get out of a bad position...

[Strongkored]

Remember trading requires not just strategy, but discipline

Being an unskilled trader is already a mistake, so without needing to mention anything else, when you enter the world of trading without skills, it is a mistake, because every decision taken to buy or sell is very likely to depend on feelings, signals from other people or circumstances that are happening at that time so all actions just all look like gambling, without analysis or knowledge of the market to be entered, and discipline is part of the trading method to be able to gain skills in trading.

[Out of mind]

A novice trader always trades with the hope of making a large amount of money in a short period of time. But when that person chants here without understanding, it is seen that he keeps losing money. Basically, the mistakes of those people are that they are not well experienced about the market and start trading without getting good education, and thus they lose money. I have seen some people who started trading by taking loan for trading, and he later lost his money and he got very emotional and broke down. To trade, one must learn to control one's emotions and first of all correct the small mistakes where there is a lack of knowledge about the market. And to be cautious about market volatility is to stay away from trades when market volatility starts, and abstinence is most important. But some newbies trade without knowing all these things, and sometimes they lose money, and later they cannot control their emotions. That's why beginners should first learn about the market and trading and how they can make a profit if they maintain the advice on all these things, it will be possible to make a profit.

[Patrol69]

If a new trader makes any decision about trading, his decision will be 80% wrong.  If a person who has no idea about trading tries to trade directly without understanding, then it is normal for him to make mistakes. For those of us who think trading is easy and anyone can make money trading then I say to you that you are living in a state of fools and wake up. There are many people who spend years to become proficient in trading then how can we think that trading is very easy and anyone can profit from trading. I deposited money in an exchange account and bought a coin with that money, but not trading. Those who are new to trading do not think this profession is so easy first try to learn about trading then only you will be able to do something good in trading otherwise you have to leave the trading platform to lose money.

[Peanutswar]

Making a position without a proper execution of plan with your trades especially when the market makes a sideways move has a higher chance of market liquidation, like giving free money, im just wondering its already 2023 and many people makes their trade is this still happening that they make a trade not having basic understanding in trading and not making research?, seems as always redundant. I will understand if they make a trade with their emotions but without having a background in trading putting large amounts of money is the worst decision.

[uswa56]

Remember trading requires not just strategy, but discipline

Being an unskilled trader is already a mistake, so without needing to mention anything else, when you enter the world of trading without skills, it is a mistake, because every decision taken to buy or sell is very likely to depend on feelings, signals from other people or circumstances that are happening at that time so all actions just all look like gambling, without analysis or knowledge of the market to be entered, and discipline is part of the trading method to be able to gain skills in trading.

Entering the world of trading without having skills is indeed a very bad decision because they will certainly experience losses in the trading they do, even for those who can understand it well, there are still those who experience losses in trading, so it is very important to understand well what will we do so that if we experience failure we can still fix it so that the losses we experience are not big. Yes, you are right, having discipline in trading will indeed make us get good results in trading.

[Natsuu]

Remember trading requires not just strategy, but discipline

Being an unskilled trader is already a mistake, so without needing to mention anything else, when you enter the world of trading without skills, it is a mistake, because every decision taken to buy or sell is very likely to depend on feelings, signals from other people or circumstances that are happening at that time so all actions just all look like gambling, without analysis or knowledge of the market to be entered, and discipline is part of the trading method to be able to gain skills in trading.

That’s because trading without skills and analysis can definitely feel like irresponsible gambling. Discipline and market knowledge are key to making informed decisions and it’s all about learning and improving those skills to navigate the trading world effectively, not just luck.

[HONDACD125]

If a new trader makes any decision about trading, his decision will be 80% wrong.  If a person who has no idea about trading tries to trade directly without understanding, then it is normal for him to make mistakes. For those of us who think trading is easy and anyone can make money trading then I say to you that you are living in a state of fools and wake up. There are many people who spend years to become proficient in trading then how can we think that trading is very easy and anyone can profit from trading. I deposited money in an exchange account and bought a coin with that money, but not trading. Those who are new to trading do not think this profession is so easy first try to learn about trading then only you will be able to do something good in trading otherwise you have to leave the trading platform to lose money.

If you don't have knowledge in any field and you enter it, you will surely lose. Newbies must gain experience and expertise before trading, but experience and expertise will be gained only when they start trading. I think even if someone starts with a demo account, he will have the real experience when he involves himself in real trading.

If our theory is very strong, but we haven't entered the field practically, then our experience does not begin. Of course trading is not that easy, it takes years to master it, but we should not scare newbies so much that they give up trading. It would be the best decision to start with a small amount after having complete knowledge and learning about trading, because the risk of loss is high in the beginning so even if a mistake is made, there is no chance of losing much.

[Traderbtcc]

A lot of new traders don't learn the basics before starting, but it's important to learn and stick to a trading strategy. Learning comes before earning. Many traders struggle due to mistakes like not having a plan, not using stop losses, and lacking risk management. Overtrading and trading out of revenge are common mistakes too. Remember to take breaks and stay disciplined. Trading is a psychological game!

[MFahad]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.

Trading is not easy but only those can understand who are a part of trading. People enters into trading because they have heard that their money will be doubled in few days due to which they accept the habit of greed without knowing the reality.

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

 Planning is must in trading because if you regularly use money without knowing that how much you loss and how much you win then you cannot realize about your success therefore always make a plan and follow it if you desires to fulfil your dreams.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

There is nothing to control your emotions completely because if you don't have emotions then you cannot be a part of trading as people rushes towards trading and emotions to enlarge their money but it will be true that when we have profit we should take and accept it instead of increasing our desires for more so in this case a person will be able to minimize his emotions and continue his journey of victory.

[macson]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

discipline in trading is not easy, there are many things we have to do to discipline ourselves in trading, one of which is to set an initial budget or capital in trading very wisely, put your money in 2 or 3 assets that you believe can provide you with profit ^{(not investing in just 1 assets)}, try to relax and control the emotions well and evaluate ^{(or what is often called correcting)} the trading results that we have made so far.  anyway, at the beginning, I said that discipline in trading is not easy, but that doesn't mean you can't master it, if you really work hard for it then you will definitely become very disciplined in trading.

[Aanuoluwatofunmi]

Unskilled trader will always be after money because that was the only reason that brings about his justification as an unskilled trader when he refused to learn how to trade before getting the name of an unskilled trader, this also means not everyone knows what he's doing and not every traders are ready to pass through the rigorous experience in learning in other for them to also have the basic skills for trading without making mistakes or anyone having to teach them over time.

[EarnOnVictor]

Unskilled trader will always be after money because that was the only reason that brings about his justification as an unskilled trader when he refused to learn how to trade before getting the name of an unskilled trader, this also means not everyone knows what he's doing and not every traders are ready to pass through the rigorous experience in learning in other for them to also have the basic skills for trading without making mistakes or anyone having to teach them over time.

Money is, of course, the reason why we all trade but it would be disastrous for any trader to have their focus on it whether they are skilled or not. However, particularly to unskilled traders, learning is the key as you've said, and the more they learn, the better for them as it exposes trading to them and beats it to its simplicity over time.

Regardless of that, in addition, what I would advise the unskilled trader is that;

1. They should start small and grow it big depending on their experience.
2. They should trade only with the money they can afford to lose.
3. They must use stop loss and take profit features.
4. Their account must be well managed in terms of the money and risks.
5. They should avoid greed and overtrading.
6. They should always have their trading plan and never be overconfident.
7. And more importantly, they should have a working trading system.

[barisbilgili]

Unskilled trader will always be after money because that was the only reason that brings about his justification as an unskilled trader when he refused to learn how to trade before getting the name of an unskilled trader, this also means not everyone knows what he's doing and not every traders are ready to pass through the rigorous experience in learning in other for them to also have the basic skills for trading without making mistakes or anyone having to teach them over time.

In trading, skills and knowledge are really needed to be successful in trading so that they don't make the wrong decision when trading, but in my opinion, for those who are not skilled and have knowledge about trading, of course they only aim for profit without caring. how to get it so they don't know whether they are doing it at the right time or not. You are right, everyone who wants to trade should study well first and it would be better if someone accompanied them when they first started trading, if they do it consistently I am sure they will be able to make a profit from the trades they make.

[uchegod-21]

A lot of new traders don't learn the basics before starting, but it's important to learn and stick to a trading strategy. Learning comes before earning. Many traders struggle due to mistakes like not having a plan, not using stop losses, and lacking risk management. Overtrading and trading out of revenge are common mistakes too. Remember to take breaks and stay disciplined. Trading is a psychological game!

You're right.  A lot of them just want to start trading and make profits without learning the basics. This accounts for the unnecessary losses. If they do not take break and re-strategize , they will keep making same costly mistakes over and over again.  It takes commitment and discipline to trade effectively.

[bayu7adi]

You're right.  A lot of them just want to start trading and make profits without learning the basics. This accounts for the unnecessary losses. If they do not take break and re-strategize , they will keep making same costly mistakes over and over again.  It takes commitment and discipline to trade effectively.

Typically, individuals embark on their learning journey after experiencing their initial losses. Those who enter the realm of crypto with the intention of profiting are sure to endeavor self-improvement when they make their first mistakes. Improvement indeed demands time, and it becomes expedited, particularly for newcomers, when they have the guidance of an expert or mentor who imparts knowledge about crypto. Self-directed learning is undeniably challenging and will take considerably longer, especially for those who are new to the crypto world.

As for discipline, it is also an essential element. Every trader must possess strong discipline, as it is one of the key factors for enduring in the crypto space.

[DVlog]

Unskilled trader will always be after money because that was the only reason that brings about his justification as an unskilled trader when he refused to learn how to trade before getting the name of an unskilled trader, this also means not everyone knows what he's doing and not every traders are ready to pass through the rigorous experience in learning in other for them to also have the basic skills for trading without making mistakes or anyone having to teach them over time.

Don't all the traders want money? The primary reason for a trade is to make money. In this process some people take it seriously and put time and effort into learning about it when out of impatience, they try to find shortcuts to make money. In this second category people mostly rely on others suggestions and signals from various groups and influencers. This is the reason why many traders will never be able to make any positions in the trading industry.

Unskilled traders can make all sorts of mistake and that is why we call them unskilled traders. We expect them to make mistakes because they don't have the knowledge to justify their trade and learn from it. You can be your best teacher if you are really serious about improving your knowledge and skills. All the traders start their careers as unskilled trader and they pile up their experience and knowledge to gradually tighten their skills.

[Best-mary]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

Literally wrote something about this. I think it will help new investors and traders along the line. Some new traders tend to rush trade just to avoid missing the trend

https://bitcointalk.org/index.php?topic=5470187.msg62989230#msg62989230

I just hope this helps a lot of people

[bitgolden]

Of course if we can make our profits much greater than the losses for a week or a month in calculations for example then obviously it is quite an achievement, you have been able to reduce the level of risk to be smaller and after that all that is needed is to remain consistent. But to be able to achieve such a position is not easy and for some people it is very difficult, there are quite a lot of factors that hinder, among them as you said, they must have proficiency and skill in observing the market and also of course with sufficient knowledge.

The fact is that it is very difficult, the fact is that even if you spend all day reading books in terms of learning but still when you really plunge into the market then maybe only a few percent of the knowledge that you can use there from reading the book. That's because the nature of the market is always changing - changing and of course this is a difficulty for every trader in my opinion. Not infrequently also some of those who can be said to be quite advanced traders can still be fooled when entering the market, they bring strategy A but apply it in a market that is B, of course the results will not match expectations. Of course everyone has their own choices, and you may be one who prefers to be an investor rather than a trader, because maybe you have seen that the profession as a trader is too difficult and complicated. Everyone has their own perspective in seeing things and maybe they will definitely choose one of these two professions, investor or trader? yes you know which one is better for yourself.

I believe that taking lesser risk but still staying in the crypto world is the best way to make money. For example I have been just buying and holding bitcoin, that is the least risky thing that you can do in the crypto world and you could still make a profit from it.

When it comes to trading, if you compare stuff like intraday trading of some altcoin on 100x leverage that would be insanely risky, but trading a bitcoin pair once every week? That's still trading, you bought it today and sold within the next 7 days, it was a bitcoin-other coin type of trade as well, and you are still taking a bigger risk than holding bitcoin but it is way way less riskier than the other one. So you need to know what's the risk before you trade.

[Viscore]

Basically trading is very risky because the nature of the market is very volatile and anyone will not be able to predict with 100% accuracy, even those who are experienced still have difficulty. Losses will always be there, and I am sure you will not want to continue to experience losses, well so the only way to reduce the amount of loss is to learn a lot about something that can make you lose and avoid it. So you will be able to get profits consistently but with a lower level of loss because you always learn to be better.

Market may be volatile but the frequency are I think can also depend on the coin that we choose. As you said, losses are always there, therefore don't say that we can avoid it. The first one that you said which is to reduce the loss is already okay.

Yes, no one wants to lose continuously, that sucks. I'd rather donate my money to the charity than lose it for nothing. I know, we can gain an experience but it's useless if we are not improving. In trading, consistent profits for a long period of time is not possible but it's fine, as our losses in some days can still be compensated by our profitable days. Traders who are like this are already pro or skillful but if they can learn more and improve more, why not?

Trading is highly risky not just because of its highly volatile market, but because some traders have set their minds that there is huge profits in trading which I don't think will be possible if they don't learned trading the hard way. The bigger the urge to trade most most especially for unskilled traders, the higher the risk of losing. Although losses are sometimes inevitable in trading, but if they chose to acquire knowledge and experience first, for sure committing inevitable risks will be somehow reduced.

This is possibly the reason why a lot of traders are just good at the start but when they start losing consistently, they end up quitting for good. If that is their mindset with trading, they will never learned and become skillful in trading because they easily become fearful when their losses have start to outnumber their profits when in reality, committing initial losses are normal before they will be successful and profitable in trading.

[mvdheuvel1983]

Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline

Newbies and unskilled traders shouldn't trade.
Why go through the stress of buying Bitcoin and then wanting to blow them off in a very volatile and risky market that doesn't care about your level of experience. It will eat you up and it is unforgiving to newbie traders.
Like some had said on this forum earlier better hold than trade. Trading is not the only way to make profit. There are many less risk methods to get bitcoins. I feel that trading should if ever be the last resort.

[CODE200]

Unskilled trader will always be after money because that was the only reason that brings about his justification as an unskilled trader when he refused to learn how to trade before getting the name of an unskilled trader, this also means not everyone knows what he's doing and not every traders are ready to pass through the rigorous experience in learning in other for them to also have the basic skills for trading without making mistakes or anyone having to teach them over time.

Money is, of course, the reason why we all trade but it would be disastrous for any trader to have their focus on it whether they are skilled or not. However, particularly to unskilled traders, learning is the key as you've said, and the more they learn, the better for them as it exposes trading to them and beats it to its simplicity over time.

Regardless of that, in addition, what I would advise the unskilled trader is that;

1. They should start small and grow it big depending on their experience.
2. They should trade only with the money they can afford to lose.
3. They must use stop loss and take profit features.
4. Their account must be well managed in terms of the money and risks.
5. They should avoid greed and overtrading.
6. They should always have their trading plan and never be overconfident.
7. And more importantly, they should have a working trading system.

This is a great list. Maybe we can add in this is to find someone who has been in trading for a long time and learn from them. Whether it's a friend, a relative, or at least someone that they know. We always advice beginner trader to educate themselves about trading and that they should expose themselves more because their experience is something that would make them as a great trader. But let us admit it, it's hard to learn trading if you are going independent and that you are only relying on the available sources you can find on the internet and other social media platforms. Personally, I think it is still much better to learn from someone who have acquired lots of experiences from trading because they are the people who can give you the best advice and you will learn a lot from them. That is why other beginner traders are considering having a mentor, because it's really hard to learn by yourself.

[Patrol69]

It is normal for newbies to make mistakes so it is better not to start trading in new situations. I didn't totally forbid trading in new state I mean learn about trading in new state and try to get real experience then a new trader can definitely start trading. You may say how can a new trader learn if he doesn't do real trading yes of course a new trader needs real experience but not as trading to learn. A new trader can start his trading education with minimum amount of dollars to learn. I don't think trading with small amount of money will result in much loss. The advantage of trading with a small amount of money is that a new trader can gain practical experience and protect himself from losing money.

[Yamifoud]

It is normal for newbies to make mistakes so it is better not to start trading in new situations. I didn't totally forbid trading in new state I mean learn about trading in new state and try to get real experience then a new trader can definitely start trading. You may say how can a new trader learn if he doesn't do real trading yes of course a new trader needs real experience but not as trading to learn. A new trader can start his trading education with minimum amount of dollars to learn. I don't think trading with small amount of money will result in much loss. The advantage of trading with a small amount of money is that a new trader can gain practical experience and protect himself from losing money.

I don't get what you are trying to say but this is my take regarding learning trading. If you want to learn about this then make yourself ready to lose money as well. You can't learn more if you are always afraid and you can't learn more if you never spend money. That is why I could say that trading is not for risk-takers but this is for those who want to change their emotions and be proactive in every mistake and loss they have experienced.

The most common mistake that we make is we already think about profit while we are still new. It should not be on our mind but instead, on how to improve our knowledge and skills.

[sana54210]

However, it can be a frustrating and costly experience for many new traders, leaving them with little to show for their efforts. Based on several brokers' studies, as many as 90% of traders are estimated to lose money in the markets.6 days ago

Source

This chance must be used and the lost money seen as a lesson, rookie mistakes will not happen so easily (for example, to want to "save" runaway trades again by investing more money in the trade).

That is because newcomers do not know what to do and do the wrong thing and that shouldn't be the case and they should take their time. They do not take their time and that results with them losing a lot on the long run. I think the best thing to do would be making sure that we are making a profit for the long term and that could be a lot more important.

I believe that we are not going to be doing it all that easily, but the greatest and the quickest way for a newcomer to make money would be not putting their money in at all for the first two or three months. What should they do? They should put their time to learning about TA and FA to learn more about indicators and charts etc etc, after that they should use it to make sure that they use a demo account with fake money but real market to see if they could make money. If they pass all those then they could start with a very small amount, like 10% of their capital and then they could end up with a good return.

[Lakai01]

[...]
I believe that we are not going to be doing it all that easily, but the greatest and the quickest way for a newcomer to make money would be not putting their money in at all for the first two or three months. What should they do? They should put their time to learning about TA and FA to learn more about indicators and charts etc etc, after that they should use it to make sure that they use a demo account with fake money but real market to see if they could make money. If they pass all those then they could start with a very small amount, like 10% of their capital and then they could end up with a good return.

This is also exactly what I strongly recommend to newcomers in trading. You don't need any trading apps with demo accounts, paper and pen are enough (that's where the name "paper trades" comes from).

You simply trade in the desired time window on paper (or in an Excel document), for example "2023-10-24 20:00 BTC SELL" and check the outcome of the trade after the time window has expired. This gives you a very good feeling for your own reactions to market events, e.g. whether you lose your nerve quickly or can sit out trades. After a few weeks, you can then also adopt other concepts such as stop loss and take profits in your paper trades.

I would personally recommend the paper trading phase for at least 2-3 months before betting real BTC.

[Mahanton]

Unskilled trader will always be after money because that was the only reason that brings about his justification as an unskilled trader when he refused to learn how to trade before getting the name of an unskilled trader, this also means not everyone knows what he's doing and not every traders are ready to pass through the rigorous experience in learning in other for them to also have the basic skills for trading without making mistakes or anyone having to teach them over time.

Money is, of course, the reason why we all trade but it would be disastrous for any trader to have their focus on it whether they are skilled or not. However, particularly to unskilled traders, learning is the key as you've said, and the more they learn, the better for them as it exposes trading to them and beats it to its simplicity over time.

Regardless of that, in addition, what I would advise the unskilled trader is that;

1. They should start small and grow it big depending on their experience.
2. They should trade only with the money they can afford to lose.
3. They must use stop loss and take profit features.
4. Their account must be well managed in terms of the money and risks.
5. They should avoid greed and overtrading.
6. They should always have their trading plan and never be overconfident.
7. And more importantly, they should have a working trading system.

1. Making use of big capital to be start up is never a good idea
2. Always the golden rule
3. SL would be relevant for day trade or scalping but for swing positions then its just be depending or according to preference
4. Money and risks management would be always crucial
5. Greed and over trading? Very common but really hard to control once your'e there.
6. Overconfidence is a poison
7. Analysis and plans would be always the key


Just make yourself do follow with those realistic approach and does have that good control and self awareness
on things around. Then i would really be saying that you could really be able to survive  this unpredictable space.
It is really just that not easy but doesnt mean that it would be impossible. It would really be just that depending on you on how to handle yourself.