New Trends Among Beginner Traders

[pusaka]

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.

They do things to make themselves more famous and have more followers. I was also one of the people who was unknowingly put into a channel that talked about trading and I thought it wasn't anything different from what they said.
Usually they have a private group with the pretext that all discussions will be discussed in detail in the private group, including trading signals and they call it a VIP group. They usually ask for some money if we want to enter the VIP group. From here we must have realized what their real goal is and their target is indeed beginners because they are usually easily tempted by the lure of VIP signals.

[Pokapoka124]

The reason anyone would do this cannot be far from making money. I have seen this so many times and greenhorns usually do this for a couple of reasons. It is possible they don’t have money to trade so they post their trades online to get someone who’s willing to risk giving them money to trade on their behalf and get a monthly commission for their investment. Some new traders are pretty good and have a history of successful trades, they become greedy and want to x3 their capital but don’t have the funds to do so. Their only option is to attract investors to give them money to trade for an agreed ROI.

[tvplus006]

I even see how they add me to different groups, in which case I simply leave such groups. ..

You need to prevent others from adding you to different groups in the telegram settings in the Privacy section. And until I set up my telegram, I had to unsubscribe from several dozen groups every day, to which I was added during the day. Thus, spammers increase the number of participants in groups that inherently do not carry anything useful.

[justdimin]

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.

Lol, that was a good one. I was trying to solve and figure out what it is for a second and realized it had nothing to do with crypto trading at all and I am like what the hell is the point of this? And then read the rest of the message good one, definitely deserved it. I think it's important to understand that you need to end up with something that will be a bit different, we need to end up with something that needs to be a bit more researched.

Unfortunately most articles online are not that much researched and that's why they rarely make it that different, we need to realize that it is not going to be all that easy and can't be handled all that easily. We should consider this situation to be ab it different though, it is just how SEO works for messages and articles.

[gabbie2010]

I don't follow any trading advice from newbies on any social media what I normally watch out for is chart patterns or trade models posted on twitter by experience traders thereafter do my own personal research through back testing of chart to validate and confirm those setup in a bid to practice, learn and apply the models in Live trading, trading is hard I think those newbies were lucky to make some quick profits in a short term that is why they are bragging and giving unnecessary advice , I would listen to advise of seasoned and experienced traders who usually backup their writeup with charts for more research.

[ShowOff]

Has anyone else here noticed this too?"

Of course I can confirm that. Many novice traders cannot keep quiet and hide from the excitement when making profits from trading. Some of them even show off things that make people around them wonder whether they are making tens of thousands of dollars a month or hundreds of thousands of dollars, but the fact is that they show off too often even if it's only $100 to $1000 a month.

Basically this is only good if they want to become an influencer and profit from it, but without good experience and knowledge then I never really assume they are ready to lose everything. A professional trader will not show off his profits publicly without there being a big intention behind it (like an Influencer), otherwise they hide and only care about their financial privacy.

[Kasabus]

Social media posted videos and activities will never be reliable all the time. You have to filter out activities that you think are all lies and stick to what has been working and legit. Same with the case of beginner traders, you can't expect from them that they are really well experienced and are profitable in real live trading. Because if they really are, they will not do a lot of talking and brag whatever they can brag, just let their performance do the talking which I think is hard for beginners.

[lixer]

The reason anyone would do this cannot be far from making money. I have seen this so many times and greenhorns usually do this for a couple of reasons. It is possible they don’t have money to trade so they post their trades online to get someone who’s willing to risk giving them money to trade on their behalf and get a monthly commission for their investment. Some new traders are pretty good and have a history of successful trades, they become greedy and want to x3 their capital but don’t have the funds to do so. Their only option is to attract investors to give them money to trade for an agreed ROI.

Well, by the time we talk about trading and cryptocurrency, money is already the centre of it. So, what's the difference? But there may really be some who only wants to be a good guy? Then there are who only wants a fame, etc... .

It's crazy if a newbie is already good at trading. How is that even possible? Maybe yes, if they are only faking to be a newbie but the truth is they already have a long years of experience on this field. A real newbie can only get lucky to get a correct trade but I doubt it can be consistent. Although it's true that newbies are mostly greedy. Not only it is wrong, but they also want to risk someone else money.

[Rengga Jati]

Sometimes someone who only reads a little and knows little and has little experience will feel that he is quite experienced and has a lot of ability and insight. They feel capable and in the end feel like they know everything. Especially when they get profits in several trading times.

We can't stop them because whatever dragon they are, it's usually based on their personal characteristics like that. And especially in that environment or group, there are a lot of people like that, so they usually don't want to look ordinary and not wow like the others. Therefore, we ourselves must limit ourselves. just let them talk a lot of things about trading that sometimes don't make sense, we don't need to consider that. and even if there is something true about them, just take it as a consideration... Because it might be quite difficult to give advice about the importance of continuing to learn in trading to someone who feels they are already great at trading even though they are still quite new.

[freedomgo]

You can't expect from beginners to be reliable on what they say. Sometimes, what they say are even the total opposite of what is happening in reality. While they are fond on bragging what they have, even if we know that it's not enough knowledge and skills to be a successful trader, but  let's just leave them on that because they find happiness and satisfaction on what they're doing.

However, we all know as real long time traders that it takes years before we can say that we're good at it. Although some learn faster than the other, but in trading experience will always be the best teacher. Without experience, you will never be realizable in trading.

[abel1337]

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.

Has anyone else here noticed this too?"

Expect more during the bull market  There will be a lot of "trading gurus" on social media when the bull market hits and most of their calls will be noticed given that the market is only going up. Market will be flooded with fake trader influencer in the next bull market as they want to gather and widen their follower base. It is somehow alarming given that the new wave of people entering the market will encounter these type of persons, worst case is bringing them doom in cryptocurrency by doing bad calls and asking them for money as an investment. I had seen these fake trader gurus last bull market and it's sad that people will only notice it when it is already bear market where majority of them will become dormant.

[Qiubell5]

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.

Showing off and being arrogant is always difficult for everyone to control. Including when have something unique or an activity that is not yet common, such as crypto trading. Maybe that's why the arrogant traders you have met are long-winded and lack knowledge. Because for them just by knowing crypto trading, maybe it has become a matter of pride. That's why the novice trader becomes arrogant.

[barisbilgili]

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.

Showing off and being arrogant is always difficult for everyone to control. Including when have something unique or an activity that is not yet common, such as crypto trading. Maybe that's why the arrogant traders you have met are long-winded and lack knowledge. Because for them just by knowing crypto trading, maybe it has become a matter of pride. That's why the novice trader becomes arrogant.

It is indeed very difficult not to be arrogant when doing things that only a few people can do and most of us see those who only have a little understanding of trading and when they understand it well I think they will be able to act wiser in dealing with other people.
If they understand about crypto trading and feel proud of what they know, of course they won't feel the losses they will incur in trading if they don't understand it well, so it would be better for them to keep learning well about crypto trading so they don't just be proud of it. what they just found out.

[kojektea]

I don't think there is a new trend. It seems crypto is still the same as before. What I'm confused about is "among novice traders". I wonder does this mean that novice traders will dominate the market? I think you understand much better, even I often check Twitter, etc. There is nothing different or brings big changes from the trend. they may be new people who want to flex like motivation to learn trading. This makes more sense than seeing traders starting with a new trend.

[traderethereum]

We don't know whether it was a mistake or whether it is a new trend among novice traders. If they want other people's curiosity to get involved in trading, they can do it.
I didn't notice that trend among novice traders because I also don't check social media very often. On WhatsApp, Telegram, Twitter and others, no one discusses this trend.
Maybe they feel comfortable sharing everything they do including their trading. I see that today's generation wants to always share what they do with the public. Even if it would provoke a reaction from his friends, they didn't care much about it either.
They only care about how they can get more followers.

[Mahanton]

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.

Has anyone else here noticed this too?"

Expect more during the bull market  There will be a lot of "trading gurus" on social media when the bull market hits and most of their calls will be noticed given that the market is only going up. Market will be flooded with fake trader influencer in the next bull market as they want to gather and widen their follower base. It is somehow alarming given that the new wave of people entering the market will encounter these type of persons, worst case is bringing them doom in cryptocurrency by doing bad calls and asking them for money as an investment. I had seen these fake trader gurus last bull market and it's sad that people will only notice it when it is already bear market where majority of them will become dormant.

Yes, this is the primary thing that would happen once bull market would emerge or would happen on which there would be sudden influx of numbers into those so called gurus or trading experts on which even if they are complete noob, they would really be trying out to decieve out other people that they are really that professionals on which we should really be that careful specially into those new people or noobs who would really be that
dealing up with the market. It is really just that no sense on sharing out speculative approach and tending or asking out for some vip or subscription fees on which surprisingly that there are still people who are really that
get easily fooled out with these fake gurus or even into those old ones on which its never been worth on paying something which you could eventually learn on your own.

Its not new anymore and this has been that relevant or quite common into those previous cycles or runs on which there are those sudden experts claiming that they have some good winning trading rate
which if you wont really be that careful then you would really be that victimized by these people on which it would be not that suggested that you do get yourself that fooled
but well if we do just make use of our own common sense then you would be easily be able to spot it out.

[Zoomic]

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.

Has anyone else here noticed this too?"

I see posts like this a lot from them on their WhatsApp statuses and other platforms where they have audience. It is their life and they should be at liberty of doing whatever they feel comfortable doing, I do not have a problem with their constant updates provided they ain't forcing their teachings down my throat . Most times, their intentions might be pure, their updates might make them open to criticism from those who are more knowledgeable in the field of trading, this way they learn from those constructive criticisms too. It will only be bad on their part if they exhibit pride while obviously doing the wrong thing.

[Patrol69]

Most new traders and new investors are interested in trading only by seeing the profits and success of others. Two friends are walking together If one of the two friends earns a certain amount of money every day by trading then his friend will feel that he should also trade and if he trades like his friend then he also earns some amount of money every day. It is from such thoughts that most of the investors or traders show interest in making new investments. For those who have a skilled trader or skilled investor to guide them, the journey of trading may not be difficult but for those who have no one to guide them, the journey of trading is not at all easy. He has to face challenges at every stage of trading and he has to face those challenges only then he can profit from trading.

[Finestream]

Knowledge and skills will no longer do the talking these days. Beginner traders are much feeling entitled and it seems that with the little knowledge they know in trading, its like they already know everything about the whole crypto market. That's how beginner traders act these days, the reason why majority of them do not last profitable in the market because their experiences are not deep, their desires are not genuine, and so what they gain are only for temporary, not for long term profitability.

[South Park]

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.

Has anyone else here noticed this too?"

This is the result of the current generation gaining exposure to social media since their birth, for those that were adults or teenagers when they were first introduced to those social networks, there is still some reticence to share everything that is going on with your life, but that reticence does not exist with those people, so even if you tell them that they should tone it down and learn all what they can before they begin to brag about their non-existent results, they are not going to listen and will keep embarrassing themselves as they do it.