How did you overcome the hurdles and gain confidence to trade as a Newbie?

[famososMuertos]

I don't know how so much fear can be reflected in something that requires a popular phrase and that I mention without commercial allusion "just do it."

The big difference about bitcoin trading is that it is open to everyone and you can best start with capital as small as $10, that in itself is one of those great advantages of the crypto world of investments with the traditional one, imagine being told you need (e.g.) $100,000 (minimum purchase), they are not games eh!.

Just start, and read all the available theory you can, and then, between the practice and what you have read, read again and much more to learn about trading. The shark instinct will appear, if it does not appear you will surely realize it, since 24/7 trading is not for everyone, but trying it is.

[Bananington]

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

If you try trading with very small money that you can risk and you profit from the trade, your confidence will greatly be increased and improved to want to try with more money as a newbie. That is how some newbies surpassed that hurdle, they tried trading with little money then tried with more money if they are successful.

 The little wins add up to great confidence.

[Lakai01]

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

My golden rule is actually quite simple: paper trades.
If you want to start trading, place your trades either via a demo app or, even better, with a piece of paper and pencil. This will give you a very good feel for how well you can rely on your own instincts and how you react in "tricky" situations.

After you have practiced this for 1-2 months, you can start betting real money (or BTC). However, only very small amounts at the beginning, preferably in the single-digit dollar range. Only after some time (and many lost dollars) will you have gained enough experience to actually enter into larger trades.

So there is actually a second rule to add to my golden rule: take your time practicing!

[Cookdata]

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

One of the hurdle that few people overcome is by stopping thinking they are newbies in the system. By the time.yiu always treat trading like that, you will always have uncertainty about any trade that you open. That's tye first one, secondly  don't copy trade of others to think that something good will come out of it. I'm sorry to say that, nothing goods comes easy if you learn to trade and be serious about it, you will last long in trading.

Others that improve my confidence in trading are:

• Never trade more than you can afford to lose.
• Make sure to understand trading and stop doing swing trading, you will only incur losses than profit.
• Make sure to be mentally discipline else you will be control by emotions over little mistake in trading.
• Avoid signal groups, you might leave your style of trading and focus on that more. If you searching for a way to be professional in gambling, you have to avoid such type of groups.

This might not be the perfect response but if a trader constitute the above, they don't last long in trading, what they do most of the time is gambling is very a bad practice.

[Cryptomultiplier]

The key to gained confidence in in not being afraid to try again after a recent failure has been encountered. The worst is to not try at all for fear of failure or not having the right knowledge and never growing in experience nor skill.

The skill to trade is the confidence a trader needs to become a pro or merchant trader. Once the interest to learn how to do so is met with the action and determination to learn more and be very practical about it, the funds that one looses during the practice stages always is worth the effort to even try in the first place. This is how the hurdles or challenges encountered by a newbie trader is summounted and confidence is gained.

[Renampun]

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

It's not easy for me to feel confident in my decision to trade Bitcoin, I got it after I joined a trading group, where in the group, each member provides support for each other, the support of fellow members is very important to increase self-confidence. when deciding to trade, you can also try joining a trusted trading group or making friends with a bitcoin trader who is quite experienced, because people usually have to see evidence first before they can believe it.

[goaldigger]

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

By gaining the knowledge and trading with a good strategy, by doing this you will increase your confidence and of course increase your chance of making a good profit. We know trading is too risky so if you do this without having the right knowledge, you are just risking your money and there’s a big chance for you to lose big.

[Dr.Bitcoin_Strange]

Well, it's just a matter of the decision that which is taken by the trader, because normally during the early stage, when one just starts trading, everything looks very strange, and you just have to be determined to learn and go through the losses that you will experience along the way. Some people will start trading and lose interest because of the losses they will keep experiencing, but the ability and zeal to keep trying and learn how to develop new strategy that will help you reduce your level of loss is what can make you win. When I started trading, I experienced losses, but I just kept trying until I began to experience more profit than I was losing when I started initially.

[Kasabus]

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

The truth it's hard to establish confidence when you are trading as a newbie. Yes, the market may seem more attractive and promising to you but wait until you experience your initial losses consistently, you can really say that trading is never easy as it is. But we all know that these mistakes and losses have really build our confidence and skills as we continue to trade until we start improving our trading performance.

Everyone that trade as a newbie started from a scratch. But the challenge is how you will sustain yourself in trading despite of how it can turn you broke every time you end up trading with a loss. But as they say, winner never quits. Probably that was my stand in trading that made me reveal who I am today in trading.

[Natalim]

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

It was exciting really but after experiencing losses at the very first try, you'd start thinking if I would continue this or not --doubts just then arrive. Confidence couldn't be made instantly, in fact, I only got it almost a year after trading when I felt like I was already familiar with the market movement and had a lot of experience.
We can never be confident as a newbie, we have a lot of things that we encounter as we continue our trading journey and this will teach us to build confidence.

[Queentoshi]

I don't know how so much fear can be reflected in something that requires a popular phrase and that I mention without commercial allusion "just do it."

Just like many other skills is requires practice until confidence is built up to a strong extent that's you are now willing to try a bigger challenge. It is like learning to drive, and then driving in a small street successfully, there will be the confidence to try driving on a much busier road or highway. If you see other newbies in trading starting to trade, you will be motivated to join and follow them to start trading. That is one good thing about forming a group with people who have the same target as you do, you will be able to motivate yourselves to do better.  A newbie trader in a group with other traders will be motivated to keep up with the pace and confidence of other trader in the group with, he will be affected by the confidence of the group.

[Wexnident]

~

I didn't! Rather, I realized how dumb I was as a trader due to the many dumb decisions I've made when shorting Bitcoin pre-pandemic. This led me to a slow realization that I should probably stop and find some method/way that doesn't involve reading charts and whatnot that often or needing the idea that I need to know whether I've profited, no matter how small, at every idk, hour or two.

So I went ahead and started to do DCA instead. It was long-term and didn't need me to mind, and even if I did, I didn't need to buy/sell at a loss (which was what happened most of the time I was shorting) since I could just wait. Idrk how much profit I've made but I'm pretty sure it's still a plus. I've sold once only, last ATH, and I've started buying again at around 20k after that.

So I guess just realizing how dumb you are, and playing around that to still be able to trade can be a form of confidence.

[mirakal]

When you're just starting out in crypto trade, getting past those early challenges is all part of the journey.  For me, lots of coffee-fueled late nights googling stuff, some funny videos to chill me out when needed and just accepting that Bitcoin has its grumpy days like anyone else - that's what got me through.  My advice is to take small steps, keep learning from every up and down, and don't freak if the market throws a tantrum now and then.

Everything is hard in the beginning.  And trading is not an exception. Despite of how profitable and can be a get quick rich tool based from other traders experiences, the fact remains that trading is hard and will always be hard especially if you are not well aware of its risk and is not patient enough to understand the market volatility. And the only way to overcome it is to accept the challenge in trading, not actually to be a good and profitable trader, but just even to minimize your losses in trading since its the most important thing. As long as you follow the rules in trading, and just trade what you can afford to lose, your trades will be safe.

At the end of the day, what matters most is not actually the profits we are trying to accumulate, but the knowledge and skills that we have acquired by not easily giving up from the hurdles brought by trading.

[AmoreJaz]

When you're just starting out in crypto trade, getting past those early challenges is all part of the journey.  For me, lots of coffee-fueled late nights googling stuff, some funny videos to chill me out when needed and just accepting that Bitcoin has its grumpy days like anyone else - that's what got me through.  My advice is to take small steps, keep learning from every up and down, and don't freak if the market throws a tantrum now and then.

Everything is hard in the beginning.  And trading is not an exception. Despite of how profitable and can be a get quick rich tool based from other traders experiences, the fact remains that trading is hard and will always be hard especially if you are not well aware of its risk and is not patient enough to understand the market volatility. And the only way to overcome it is to accept the challenge in trading, not actually to be a good and profitable trader, but just even to minimize your losses in trading since its the most important thing. As long as you follow the rules in trading, and just trade what you can afford to lose, your trades will be safe.

At the end of the day, what matters most is not actually the profits we are trying to accumulate, but the knowledge and skills that we have acquired by not easily giving up from the hurdles brought by trading.

do remember that no one in this market or any other market is already an expert when he comes in. everyone starts from scratch and they will just hone their skills thru time by acquiring knowledge, info, strategies, tips and tricks along the way. if you are not very sure about your step, then, use spare funds so you won't feel so bad if you lose it. also, being disappointed from time to time may not be avoided but one should not quit if it seems the world is against him. after overcoming such obstacles, will give you better insights why you experienced such situation.

[milewilda]

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

-Trade on small amounts
-Try to build up your confidence
-Try to enhance your skills
-Try to enhance your emotional aspects
-Try to enhance your mindset
- Risk management
- Fund management
- Realistic goals/plans
- Dont easily be fomo'ed or get affected by FUD

Overtime, you would really be able to notice that you are already that doing well towards your trading. You would really be able to
notice when you do see that you are really that making some progress and making yourself wary about on how the market works and behaves.

Just like been said that you shouldn't really be rushing up yourself on learning and trying to make money because with this kind of behavior
You are really just that basically be putting yourself on great trouble. It is really just that a matter of time that you would be able to see
on how far you have become in terms of trading. Just go with those basics and keeps repeating until you do master and familiarize it out.

[Strongkored]

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

Self-confidence can be devastating, especially for newbie traders, because crypto trading is not something that can be conquered just by being confident.
Many things happen that are unexpected, even when many predict prices will rise, the opposite happens because suddenly an issue arises that creates market panic and in the end, you will only suffer because you entered the trade with confidence, not with trading skills.

[Assface16678]

Confidence is necessary for a trader, of course, because trading is not for weak-hearted traders who could easily hold back or back down if they see their trade falling down. As a trader who experienced being scared and nervous when I was a newbie in trading, I know that feeling. You will close your trade right away if you see that it is falling down, which is too risky and not appropriate. But what I have learned is that if you invest in knowledge and gain experience, confidence comes because, with knowledge and experience, you will be confident in your trades and will not wait for the expected point of profit.

because newbie traders will rely on the little knowledge they have and hope that their trade will profit, and from that experience, they will build their confidence to trade more and have more belief in their decisions. Confidence is something you've gained and built from your experience, so don't be afraid to take the risk.

[Peanutswar]

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
~

Committing to new things gives different emotions and excitement but again this is not all about luck and prediction with the market only, you just need to give and consider your knowledge and commitment here because there's money involved unless you are a person who does not care too much for the money and just willingly to loss it and could be a charge to experience, but if not trading already have a risk the only way to lessen this is to make yourself knowledgeable and aware with the market movement through using TA and indicators by this you can lessen the risk to lose an asset. Don't trade if you doubt and don't trade if you are not well, emotions can lead to mistakes and wrong decision-making.

[Dunamisx]

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

There's nothing good in this life that ever comes easy, we have to render our best sacrifice our efforts in making achievement of success, starting to learn about trading could be as demanding as anything, our time, money and interlect were all required to be used in the pursuit of this and when we are independent on our own, after having the experience needed, we tend to forget all the process through which we started from and embark on another phase of being a trader fully, we will make mistakes but must learn from them and move on, till we arrived at the desired destination we are going to.

[cryptoaddictchie]

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

Through discipline. Nothing in the trading world is perfect, thus youll end up at some point or most of the time lose your trade but dont be sad or discourage cause its part of learning process and experience. There are bunch of traders loses a lot of funds even before they can regain or profit big in this scary world of crypto. Its either you learn for the better or end up being greedy or grudge on the market resulting to pressure trading that kepts losing until regain portfolio back.