New Trends Among Beginner Traders

[tjtonmoy]

Has anyone else here noticed this too?"

I have also seen that. Maybe they are knowledgeable from what they have learned but they lack in experience. Then know how it works that's why they are spreading all those "tips and tricks". But when it comes to doing it in real life, they have no idea what they are doing. They should have learned how it works by experimenting. Because knowledge without experience means nothing. I can read a line from a book without knowing its meaning. But does that have any value? Of course not.

All I can say is, all they want is attention. They share whatever they have learned from the internet or something out of an article. In reality, they have no hands-on experience. It's better to avoid them and build up your own strategy.

[1714761652]

1714761652

[1714761652]

1714761652

[1714761652]

1714761652

[crwth]

I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.

Has anyone else here noticed this too?"

When I read this part, it seems like you are talking to a bot or something. If it's like generic responses and no content in general. It's just really sad to see that it's just fluff and not much real interaction or something.

A lot of people seem like they are more interested in a "quick" way of earning money which could lead you to quickly losing it as well.

[Nrcewker]

There may be some of them who intend to invite their colleagues to get involved in crypto trading, but when many ask how much profit they get from the trading they do, they only state that the profit is not real.  It's true what Op said, it's best to focus first on understanding how it works before inviting other people to get involved in crypto trading.

I have seen some people doing it so that their friends or colleagues join the trading platform with their referral link. In this manner other than trading, they will also make good referral earnings through these referrals. Hence they always share the knowledge that they have, and try their best to pretend that they know everything about trading. It’s always best to not ask anyone about trading. Try to gain some theoretical knowledge and then try to implement yourself, when you trade and gain experience, you will become better.

[Distinctin]

You can't give what you don't have. This is applicable to all beginner traders who pretend to be more skillful when in reality, they don't even know how to trade and end up profitably. It's like that they don't want to be boastful but they want to brag the thing that they actually don't have. Most likely to show off or just want to prove to other people that they are not a failure so all they need are just to pretend to be real life experienced traders.

In the end, they are not actually fooling the people around but they are fooling their own selves. And generally, no trader will be successful if the mindset turns like that.

[doomloop]

I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.

I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.

It has become the norm these days. Any newbie investor or trader who manages to get a few dollars in profit in their first few trades starts considering themselves experts and starts giving advice and suggestions to others about the market and what they need to do when they don't have much knowledge or experience themselves but only got lucky and got a few bucks out of a cryptocurrency that they have bought that might have been suggested to them by someone else.

A person who listens to such traders and also acts upon their suggestions is to be blamed if they incur any losses because you can't just listen to anyone and make financial decisions when you are not even sure if what they have suggested is correct or not. It's your responsibility to do your own research before you make any trades or investment and your decisions shouldn't solely be based on suggestions.

[Viscore]

While these beginner traders are busy trying to show off their potentials in trading, when we all know they are still in the process of learning, the real successful and long term experienced traders are just silent on one side while harnessing their craft in trading. Instead of talking out loud like beginners do, they just do their thing privately, away from the public awareness.

Trend has really become different these days. Whoever who have less knowledge and are less skillful are those that do a lot of talking and bargaining, while successful professional traders just focus on their own private life.

[MFahad]

All I can say is, all they want is attention. They share whatever they have learned from the internet or something out of an article. In reality, they have no hands-on experience. It's better to avoid them and build up your own strategy.

Man cannot learn by himself, but he gets information and knowledge from somewhere. So any platform can be used for learning be it from internet or from a friend or relative. There is nothing wrong if one gets useful information from anywhere and shares it with others. It is not necessary that only a very experienced person has useful information, but anyone can give good information. If newbies share any information and it is wrong then we should correct them.

It is in this debate that new people learn, if we do not teach them and share our experience with them, then how will their experience grow. Of course, you should always make your own strategy, because different people can give you advice, we should listen to everyone's advice, but always make our own decision. However, sometimes new people can give you very useful information that we are not aware of, because they are new and always researching new things.

[Russlenat]

Has anyone else here noticed this too?"

I don't pay much attention to such discussions on social media. that's because most beginners just want to show off with the little trading success they get. maybe it can motivate other beginners, but that kind of thing becomes a joke for experienced traders.

just apply more trying and listening. talk less and share profits. focus on improving your skills. Don't pay attention to other people's chatter, unless someone comes to us privately and wants to discuss it. However, sometimes we need other people's thoughts or experiences to increase our knowledge.

Whatever the reason for beginner traders, I guess only beginners will understand also. Small achievement can turn big for them, just like small knowledge for them may actually seem that they know even everything. That's how beginner traders nowadays. They have this self-entitlement that even the real experienced traders in the market don't even bother to care.

Instead of talking more in the social media, which I really think will not be profitable for them, they should learn to increase their knowledge and develop more skills in trading. Trading is a battle of mind and skills, so it needs more time to be more proficient in trading and claim as a good and succeed trader.

[Mate2237]

Well I ahe not noticed this with one even in social media too. But I will say if you notice something like from the kids then you have to call them and caution them to stay clear from the real account then advise them to use demo. Those who are trading with no little experience and without looking for a way to learn before trading are just wasting their resources. Waste of time, energy and Money. How can someone trade and can't answer a simple question when you asked them, that means they trading because someone told that trading is one the best and fastest way to get quick money.

[jeraldskie11]

I've been using Telegram for a few years now, but I haven't seen any newbie traders trying to teach others, but I have seen a lot of traders on Tiktok who are trying to be cool mentors. I feel that the most of them are not beginners, but that the majority of them are not lucrative and are simply acting cool. We're here to learn trading, because most of us can't be profitable and only manage to memorize everything, they provide a mentoring merely to make money.

[Rruchi man]

Has anyone else here noticed this too?"

It can also be a personality trait, some people naturally like to show-off, so at any slightest opportunity, they always try to show to the other person that they are more knowledgeable than the next person.

It can also be the excitement associated with learning something new, something which you will like to share to anyone you know.

Newbies like this need to advised to try to keep things to themselves, or even if they want to talk about it, it should be to people with whom a conversation with will add to your knowledge.

[tjtonmoy]

~Snip

f = m _exit V _exit + (p _exit - p _ambient )A _exit
(“A” refers to the area of the engine throat.)
When the rocket reaches space, and the exit pressure minus the ambient pressure becomes zero, the equation becomes:
f = m _exit V _exit

Do you know what kind of equation is this? You can do some research and come up with an answer but does that make you really knowledgeable? Matter of fact, does that make me knowledgeable? Because I don't know anything about it. I have just copied and pasted this piece of information from an article released by NASA. I can say that this is a formula for launching the rocket in the space. But not having experience in this section I really can't tell what does what.
It has nothing to do with trading but I am just trying to make a point.
I can write an article by reading something on the internet and not knowing what it actually does. Everyone can share a piece of knowledge but experience is hard to gain.

[rat03gopoh]

I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.

Because the experts will open paid courses, signal groups, or they just keep their own tips for their own benefit. I'm not sure there are really experts giving their valuable tips for free on the internet these days.
On the other hand, there are a group of traders who just by luck have randomly guessed the price direction and then forwarded on other traders' tips.

[Faisal2202]

I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.

Has anyone else here noticed this too?"

I am that newbie but never trying to bear around the bush because I know my place, I consider myself a newbie, and whenever I put my knowledge in front of anyone, it is totally based on true experience that I have gotten from the trading I have done. And whenever I said something wrong I was corrected by experienced ones. But, one time I did embrace myself, when in 2022 or in 2021 maybe (don't know correctly) when I went to an event and it was my early days of trading (like a beginner) and I was totally into my phone checking it again and again and talking about trading even if the topic was something else.

Well, now in 2023 I came to realize that one of the fellows who was with me in that event the whole time, was an expert trader and I did not know that, I was acting cool like I was managing some big business but he was cool, he was not even checking his smartphone or talking about it. He was totally enjoying that time.

And then I realize I am taking trading wrong, we should talk about it when it is needed and we should not think about it the whole time.

[tygeade]

Man cannot learn by himself, but he gets information and knowledge from somewhere. So any platform can be used for learning be it from internet or from a friend or relative. There is nothing wrong if one gets useful information from anywhere and shares it with others. It is not necessary that only a very experienced person has useful information, but anyone can give good information. If newbies share any information and it is wrong then we should correct them.

It is in this debate that new people learn, if we do not teach them and share our experience with them, then how will their experience grow. Of course, you should always make your own strategy, because different people can give you advice, we should listen to everyone's advice, but always make our own decision. However, sometimes new people can give you very useful information that we are not aware of, because they are new and always researching new things.

The thing is, if we do it one to one then that's risky, but if we make it public then it's good. What I mean is, if you find a newbie trader, and a veteran trades take that newbie trader under their wing, maybe that veteran is an idiot and the newbie will not learn anything decent and the result will not be good at all.

However, if we see that veteran write how to trade better, or release some videos on youtube, then we would know if it's good or not and that will matter a ton. We should always consider that as the option in the end. I get that we may not end up with anything bigger than that, we just need to make sure that life is a lot simpler on the long run. I get that we could be considering this as a big deal, but we just need to make sure things are fine.

[Lakai01]

[...]
However, if we see that veteran write how to trade better, or release some videos on youtube, then we would know if it's good or not and that will matter a ton. We should always consider that as the option in the end. I get that we may not end up with anything bigger than that, we just need to make sure that life is a lot simpler on the long run. I get that we could be considering this as a big deal, but we just need to make sure things are fine.

What you describe here is also one of the reasons why well-known and successful traders such as Tone Vays or Brian Beamish (The Rational Investor) now publish little about their trades, but advertise their courses and paid videos much more. This makes it much easier for successful traders to earn money with significantly less risk:


Source

Of course, you first have to get into a situation where you are well-known enough to be able to offer courses that anyone will book. I also enjoy following Brian's long-term forecasts, as they are always very close to reality.

[Kelward]

Has anyone else here noticed this too?"

I don't pay much attention to such discussions on social media. that's because most beginners just want to show off with the little trading success they get. maybe it can motivate other beginners, but that kind of thing becomes a joke for experienced traders.

just apply more trying and listening. talk less and share profits. focus on improving your skills. Don't pay attention to other people's chatter, unless someone comes to us privately and wants to discuss it. However, sometimes we need other people's thoughts or experiences to increase our knowledge.

It's very important to research and verify any crypto related information that we see or hear on the social media, especially for newbies who don't have any experience in cryptocurrency investment and trading. There are lots of things to look out for, inexperienced people who just wants to gain attention and talking about crypto trading that they practically know nothing about, scammers hyping scam projects, hackers directing novices to phishing sites, infact take every information from unverified sites as scams until they're proven otherwise.

Cryptocurrency trading is harder in practical than when analyzing in theory, because in practical you're actually staking your money, and there's a good chance that you can lose it, except for beginners who still do demo trading and think it's easy. So it's important to know the practical experience of a person who's analyzing trading to you.

[Cryptmuster]

I don't use social media very actively so I don't really encounter things like that. The only social media I actively use is WhatsApp and I don't join many groups apart from work and family groups. In the past, I found discussions like that boring when actively using Telegram.
On Telegram, there are many groups that I don't join but I have been in and the discussions are really long-winded and they each show themselves to be much better about trading.
I chose to leave and deleted the group so as not to be disturbed.

I even see how they add me to different groups, in which case I simply leave such groups. I’m not sure that this can provide any important knowledge, I think such groups are simply created in order to increase the number of subscribers, this is their real goal. All that can improve your trading results is practice, and trading textbooks, and I am skeptical about all these online experts.

[deathcode]

inexperienced people who just wants to gain attention and talking about crypto trading that they practically know nothing about, scammers hyping scam projects, hackers directing novices to phishing sites, infact take every information from unverified sites as scams until they're proven otherwise.

the most ridiculous one I've ever encountered was a beginner who took a screenshot of the exchange account where he was trading and then shared it on social media. I know it may be a matter of pride for beginners, but they don't know how risky it is for them to keep their assets on an exchange where they may not know a crypto wallet to store assets. and they feel very safe leaving their money on the exchange.

[Ruttoshi]

A professional trader wouldn't brag about his trading skills and tactics. He will keep it a secret to himself because he is using it to make money daily and will quietly get rich with it. Only unskilled traders will come out and brag about their trading techniques, when they were only lucky to make profit once.

Trading is not something easy but needs time for you to learn and practice to become skillful, so that you can come up with your own strategy of understanding the market. It might take 2yrs or more, but these days newbies join the crypto space today and tomorrow they are trading and claiming to be a pro with no idea of the market. This is why a lot of them run at loss and stop trading.