New trader's must remember it.

[Monarch B]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

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[Assface16678]

Believe it or not, not all traders follow the steps or instructions in the picture, especially those new to trading, but they will eventually learn the truth by experiencing the hardship or losing in trading if they will actually continue trading even if they experience the loss on their first try at trading. 

Trading or day trading is not an easy thing because you will experience anxiety wherein you can't be comfortable because you know you have open trades, which may result in monitoring your open trade throughout the day, which could affect your decision. If traders will actually follow the steps or instructions in your picture, then maybe they can be a profitable trader, but of course it still depends on their knowledge and how they can make a good trade analysis. This kind of topic is discussed numerous times in this forum, but the thing is, if this kind of advice doesn't reach those traders that don't lurk here, then how can they know what they should do?

[hugeblack]

Even following these tips will not make you a professional trader because they are theoretical words and there is no basis for real action, such as saying to lazy students, “Study and you will get an amazing result, stop watching TV, spend time with friends, and go to the library.” But even if he did that without knowing how to study, he will not get good results.

Therefore, trading requires learning, and in order to learn, you must create demo accounts on which you can try out your trading plans and learn how to apply what you learn or see from technical analysis, and then start preparing your own plan, test it, and finally start learning trading step by step.

The thing you must understand is that trading is not a full-time job.

[Negotiation]

Common sense is the most important thing in most trading. Because you often have to decide very quickly that you will take the next decision and based on that your profit and loss will be determined. But it seems to me that the images you have shown as examples are not followed by most traders, because most of them try to present their arguments with contemporary thinking. So it seems to me that contemporary thought plays the most active role.

[Yamifoud]

There are simple rules that novice traders must keep in mind,
 - start with a small amount
 - learn to take small profits
 - don't be afraid to make mistakes

They are in the state of learning, so we understand their curiosity and losses which is also a part of their learning. They can learn many things as they continue doing this which is why they should not think first about earning huge and success instead, they focus on enhancing their knowledge.

[tbct_mt2]

Even following these tips will not make you a professional trader because they are theoretical words and there is no basis for real action, such as saying to lazy students, “Study and you will get an amazing result, stop watching TV, spend time with friends, and go to the library.” But even if he did that without knowing how to study, he will not get good results.

Therefore, trading requires learning, and in order to learn, you must create demo accounts on which you can try out your trading plans and learn how to apply what you learn or see from technical analysis, and then start preparing your own plan, test it, and finally start learning trading step by step.

It is easier to think you can do it than you can actually do it in practice.

Trading is difficult and challenging for psychology and the meme in OP is right but to actually achieve it in trading, daily trading to emphasize, it is very hard. Your psychology will be tested many times by the market, day by day, and it is hard to survive after many tests.

Perfectly, we can stay outside the market, observe it and when we see people are fearful, panic, we can wait for their panic to reach higher and higher till time they feel calm, we can step in and trade shortly then exit the market.

FOMO is bad as it usually leads to unstable psychology and wrong decisions with money.

The thing you must understand is that trading is not a full-time job.

I agree with you but newbies usually think they can get rich with trading, daily trading and consider trading as their full-time job.

[Viscore]

Even following these tips will not make you a professional trader because they are theoretical words and there is no basis for real action, such as saying to lazy students, “Study and you will get an amazing result, stop watching TV, spend time with friends, and go to the library.” But even if he did that without knowing how to study, he will not get good results.

Therefore, trading requires learning, and in order to learn, you must create demo accounts on which you can try out your trading plans and learn how to apply what you learn or see from technical analysis, and then start preparing your own plan, test it, and finally start learning trading step by step.

The thing you must understand is that trading is not a full-time job.

These tips cannot guarantee successful trading as the trading market can still be uncertain, however, if you try to follow all these basic steps, I believe this will limit your trades from falling into failure and losses. Although trading is all about learning by doing, but following some guidelines can also help you not to end up with too much losses from trading.

Trading is hard and highly risky, hence you have to make long term planning before you engage in trading. While knowledge is crucial, but having skills in creating reliable market analysis is more vital. Trading can be uncertain but we all know with knowledge and experience in the market, we can always tend to lessen the risk and make our trading outcome more certain.

[Queentoshi]

These are the general spoken rules, how about the unspoken rules that new traders need to know. Some of these unspoken rules will never be known unless a new trader is in close contact with an experienced trader who has been trading for a longer time. These rules may differ from one trader to another depending on the level of expertise and the experience that the trader has. So as a new trader try not to become conflicted with many rules from different traders who have different experience, pick one trader as mentor, and then follow their unspoken rules and strategy to trade. The unspoken rules even matter more than the general spoken rules.

[|MINER|]

If one strictly follows these instructions, he will do very well in trading.  But I don't think anyone follows these instructions or rules properly.  But a newbie must follow these rules.  No one can succeed in trading without following these rules.  Trading is also very difficult to master.  It is not that simple.  Therefore, if you do not follow the right direction, it will not be possible to achieve success in trading.  To start trading you must be very patient and have a strong mind.  Trading is not possible with weak morale.

[AnonBitCoiner]

All these rules plays an important role in the success of a traders and if a person has emotions under his control then he can smoothly continue his success without fear in his heart about failure. If a person know that trading is not giving him much return then he should not chase his losses but should stop trading for some time otherwise non stop trading will put him in stress.

Keep all those strategies in your mind and use it when needed because and if someone think that he has money so without learning and using strategies he can win then he is a fool because money is used just for enhancing money only when you are able to do so.

[mindrust]

Why even trade? Just buy and hodl. DCA your position. It is easier this way. It is like trading too in a way. You just don't sell and take the risk of losing your coins. Every time you make a trade, you risk your position. Your next position may or may not be better than your last one but it is a gamble in the end. Why take that risk? Instead just grow your position by adding more coins. One way or another, it will return you great profits. BTC has been doing it for years. Even the people who bought in 2021 when btc was at its ATH made some profits during the last bull market. They did even better if they DCA'ed their position. You can follow the same strategy.

[boty]

These are the general spoken rules, how about the unspoken rules that new traders need to know. Some of these unspoken rules will never be known unless a new trader is in close contact with an experienced trader who has been trading for a longer time. These rules may differ from one trader to another depending on the level of expertise and the experience that the trader has. So as a new trader try not to become conflicted with many rules from different traders who have different experience, pick one trader as mentor, and then follow their unspoken rules and strategy to trade. The unspoken rules even matter more than the general spoken rules.

Yes, of course they have to understand well the general rules and unwritten rules of course we have to look for them from those who have experience in trading of course we can ask them about this, because of what they get from their trading of course there are things we can't get, there are written rules, so it is important for those who want to start trading to have someone who has experience in trading so they can follow their steps in trading in order to be successful in the trades they are going to carry out.

[2Pizza410000BTC]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

There are certain trading strategies that a trader can follow to be successful. You may have expressed those tricks through pictures but I am telling them here in my own words. A trader can never be too greedy When a trader is too greedy on a trading platform he will lose money in his trading. Never trade with emotion on trading platform When a trader trades with emotion he will lose money on trading platform. I am proof of this two days ago I started trading with TIA in the first stage I made a lot of profit in my trading in a short time I don't know when I got so greedy that I didn't sell my trading. Now I have lost 300 plus in my trading because I didn't sell my trading so I say never be too greedy in trading platform when a person is too greedy in trading platform he will lose his money.

[deathcode]

Many people are interested in trading because they see people sharing the profits and success of trading. and it looks very easy for beginners to earn huge profits in a short time.
without skills and knowledge, beginners will just waste their money. There are even beginners who seek the services of traders to entrust their money for trading. it's because they realize not have so much skill. others might just go looking for a free signal channel and follow it.
this has to stop. every beginner who wants to trade must learn many things first so that they don't regret it.

[hugeblack]

Perfectly, we can stay outside the market, observe it and when we see people are fearful, panic, we can wait for their panic to reach higher and higher till time they feel calm, we can step in and trade shortly then exit the market.

FOMO is bad as it usually leads to unstable psychology and wrong decisions with money.

Everything you mentioned is related to the psychological aspects of trading, specifically the FOMO effect, but trading is greater than the psychological aspects, which can be easily overcome by automating trading using a trading bot, conducting trading instructions for a day or a week, and only a few on the weekend, with the entire week remaining away from trading, and the trading bot does Everything on your behalf.

Learning to trade is more than the psychological aspects and requires knowledge of the basics of trading, trading indicators, following the news and verifying its authenticity, and accessing information sources that help you know the price trend.

[Faisal2202]

You have shared a good post here although that's not all the the things that a trader must remember but its ok for a newbie. Because most of the newbies are not technical traders and they trade on fundaments. So these 9 tips the images have, are fundamentally the good ones. Besides I don't agree with the tip, to trade your plan. Because the successive tip is to make a plan. This means you first analyze the market on the basis of the knowledge you have. Then stick to that plan as the tip suggests to trade your plan.

This is not healthy for your portfolio because sticking to the plan can sometimes cause huge losses and if that plans will be a little late then the schedule then the whole plan might not be reliable to follow so in that situation you should have the knowledge when to exit the market, and when to book the profit, how much profit you should book. etc.

[batang_bitcoin]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

It's because the psychology with trading is that most of them think that it's quick and easy money. And that's why many people jump in on the bandwagon of trading thanks to the influencers that are showing their results. They think that it's the best way to make money easily and will make them rich. While half of it is truth and half of it should embrace the reality of how hard it is.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

Every wrong belief will be realized by those traders that want to excel on this business because it's not just a simple activity and it's a real business that anyone can learn from most of their mistakes.

[Hamza2424]

Hmm, these are some of the common tips that are frequently and recurrently shared in this section but its fact memorizing them, again and again, is important because whenever you are gonna miss any of them you are gonna hit hard by the market and I'm quite sure and everyone will agree with me.

At the same time I would like to add something to this, weather it's a meme coin weather its Bitcoin or weather any other ALT in which you are trading follow a golden principle of bot trading means no emotion and, when it hits your target in profit never look back because from that greed you are gonna lose everything, don't regret if your target was 5$ or X amount and you booked and now it son 10$ 15$ or any Y amount because this market you never know the top you should need to be happy that you booked your target.

[mirakal]

These are the general spoken rules, how about the unspoken rules that new traders need to know. Some of these unspoken rules will never be known unless a new trader is in close contact with an experienced trader who has been trading for a longer time. These rules may differ from one trader to another depending on the level of expertise and the experience that the trader has. So as a new trader try not to become conflicted with many rules from different traders who have different experience, pick one trader as mentor, and then follow their unspoken rules and strategy to trade. The unspoken rules even matter more than the general spoken rules.

Even following these general rules won’t guarantee profitability in trading. Because admit it not, rules are not actually made to maximize trading profits, but it’s made to control our losses and lessen it as much as we can. That’s why experienced traders have come up with their own unspoken rules. But still, their own rules won’t guarantee that it will also work for others, as individual trader has certainly its own rule that only works only for his own trades.

And yes, I have to agree with you, the only way for beginner traders to highly succeed in trading is to find an experienced mentor that will open him to a lot of unspoken rules in trading. They may not be known by majority, but we all know each trader has certainly its own set of rules to be follow in trading, it’s up for us how we will execute them individually.

[shinratensei_]

these are very common tips but very effective one and should be followed by newbie traders, the thing with newbies are that they usually ignore very basic trading advices and that resulted in loss.
there are so many newbies that are trading that uses their gut to trade randomly thinking they are lucky but ended up losing, trading is not purely game of luck on its own it also can be contributed by many factors that could further influences the result of the trades even though most of the time the market movement is kinda unpredictable and could be called game of luck most of the time and that there's nothing wrong with it anyway but my point being some people should know when the right time to buy and when the right time to take profit.

the advices above are a good example, sometime newbie don't even respect stop loss as well even though it could save themselves from losing so many capital caused by flash dump.
it even more consequential when we are trading future leveraging with high amount slight dumping might cause you to lose your entire capital its always better to have some security measure and
there's certainly nothing wrong with having one even in spot trading.

[BD Technical]

All the things you talked about brother is not judging everything is ok because of you.  If you want to chat, you need to think about these things because if you have more emotions then your trade will not work depending on that.  Those who have managed to control their emotions have achieved success in life because if you show mission or you play loss then you will take more trades you will be more likely.  You will see that you have juiced first your profit comes then you start slowly on the train or train for the day then your emotions will be controlled and your pro video will start coming.  If you can't control your emotions or you don't have general basics or general knowledge then you won't come here bro because you have general knowledge you can earn these things and by looking at your basics I understand that you have a lot of knowledge and you have  I could learn a lot by looking at the knowledge.  But bro I was on the train for some time but later I got out of it because I started taking a lot of losses.

[Monarch B]

Believe it or not, not all traders follow the steps or instructions in the picture, especially those new to trading, but they will eventually learn the truth by experiencing the hardship or losing in trading if they will actually continue trading even if they experience the loss on their first try at trading.

Trading or day trading is not an easy thing because you will experience anxiety wherein you can't be comfortable because you know you have open trades, which may result in monitoring your open trade throughout the day, which could affect your decision. If traders will actually follow the steps or instructions in your picture, then maybe they can be a profitable trader, but of course it still depends on their knowledge and how they can make a good trade analysis. This kind of topic is discussed numerous times in this forum, but the thing is, if this kind of advice doesn't reach those traders that don't lurk here, then how can they know what they should do?

First of all they have to master a subject and study a lot in that subject. Trading is really an uncertainty.

It is actually very difficult to do well here and excel in it. I know this has been discussed a lot before so I thought I'd share my experience since I'm new to trading.

[GreatArkansas]

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

The first one (Control Emotions) and Manage Trade Risk is for sure the most relatable experience that most traders experience not even new traders but even those who have already been in the market for a long time, even me.
Other things in the picture are important also because if your goal is to become profitable trader, you must posses them all.

[Monarch B]

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

The first one (Control Emotions) and Manage Trade Risk is for sure the most relatable experience that most traders experience not even new traders but even those who have already been in the market for a long time, even me.
Other things in the picture are important also because if your goal is to become profitable trader, you must posses them all.

I hope so. Thanks for your kind words.

[Sorryfor]

I think the most important thing as a trader is to know and gain knowledge on this subject. Because trading is not a very easy thing, the worst part of it is that you can lose a lot of money by your wrong decisions. So it is quite important to analyze the cryptocurrency market and wait for the right time to trade Also you must trade according to your money  And it is not right to rush in trading. So take lots of time to learn and trade in small increments.

[taufik123]

The first one (Control Emotions) and Manage Trade Risk is for sure the most relatable experience that most traders experience not even new traders but even those who have already been in the market for a long time, even me.
Other things in the picture are important also because if your goal is to become profitable trader, you must posses them all.

Emotional control when trading is the most difficult, where when trading we have to everything right.
When the market is out of control and predictions are not entirely correct, emotions will be at play and of course it will affect how our next decision is.

Sometimes those who are too panicked even do cut losses without any planning, and don't even buy again, which in the end will only get losses.
This is also because of the hype and FOMO going on in the market, there are many who lose hundreds to millions of dollars due to too FOMO on some shitcoin hype.
Professionals do not guarantee a person avoidance of losses, it will definitely happen to anyone.

[Bloodseekers]

I think the most important thing as a trader is to know and gain knowledge on this subject. Because trading is not a very easy thing, the worst part of it is that you can lose a lot of money by your wrong decisions. So it is quite important to analyze the cryptocurrency market and wait for the right time to trade Also you must trade according to your money  And it is not right to rush in trading. So take lots of time to learn and trade in small increments.

Knowledge about trading is very important when someone decides to trade, because if they don't have the knowledge they will certainly carry out analyzes that are not based on the knowledge they have and it is very likely that they will fail when trading, using capital according to what we can afford is certainly a very important thing. It's important to be able to try again when we fail in the trades we make, because if we continue to try with large capital even though we don't have much experience in trading, of course this is a very big risk of loss that we will incur and we will also lose all the money we have. have and cannot return to correct our mistakes in the trades that we will try again.

Taking the time to study would certainly be better if we don't want the many failures we will experience when trading and we must be able to be patient in each learning process that we learn to be able to get profitable results for us.

[lalabotax]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

Beginners in crypto, who as soon as they dive into the world of crypto immediately trade without preparation, it is not recommended, highly not recommended. Preparation is not only about money, but also about the knowledge you have, and also mental and psychological readiness. You are right and I totally agree with this. Because trading is a high risk thing, we should prepare ourselves wisely, don't just follow other people who are successful in trading.

But unfortunately, many people say, it's not a problem, because learning by doing. That makes sense, but even though you are learning by doing, you still need to have at least some basic knowledge and also mental readiness so as not to cause too much damage to the results and the impact later.

[Volimack]

It is very easy to say that to become a trader you must first know the market basics. In basic you learn things slowly without any rush stop thinking of becoming a big wise man by learning all the subjects in one day. You have to give up the idea of quick gain and learn to gain slowly by building experience. First master the subject well and gain experience. The more time you spend in any career not just trading the more profitable you will be.

[Maslate]

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

The first one (Control Emotions) and Manage Trade Risk is for sure the most relatable experience that most traders experience not even new traders but even those who have already been in the market for a long time, even me.
Other things in the picture are important also because if your goal is to become profitable trader, you must posses them all.

They seem too basic to follow but when we are trading using our hard-earned funds, they’re actually harder for us to execute. Controlling emotions alone has never been easier since majority of the traders are greedy for quick profits, most particularly for newbies who have never gained trading experiences in the market. Traders often lose because they fail to control their emotions, and until they won’t be able to manage high emotions, success in trading will be far to achieve.

[MFahad]

I think the most important thing as a trader is to know and gain knowledge on this subject. Because trading is not a very easy thing, the worst part of it is that you can lose a lot of money by your wrong decisions. So it is quite important to analyze the cryptocurrency market and wait for the right time to trade Also you must trade according to your money  And it is not right to rush in trading. So take lots of time to learn and trade in small increments.

Someone needs to gain knowledge first before they get into trading because, without that, you can't do anything. You can't go to war without a gun, and trading without knowledge is just like going to war without having a firearm, and if you do that, you will most likely get killed in no time.
So if you are in the cryptocurrency market, and you want to trade and earn money, you have to learn the process first, don't be in a hurry because when you are in a rush, you will most likely be driven by your emotions and your emotions will make you take a lot of wrong steps and make wrong decisions.

[Lantind]

Someone needs to gain knowledge first before they get into trading because, without that, you can't do anything. You can't go to war without a gun, and trading without knowledge is just like going to war without having a firearm, and if you do that, you will most likely get killed in no time.
So if you are in the cryptocurrency market, and you want to trade and earn money, you have to learn the process first, don't be in a hurry because when you are in a rush, you will most likely be driven by your emotions and your emotions will make you take a lot of wrong steps and make wrong decisions.

Having knowledge about trading is of course the most important thing for someone who wants to enter trading and also they must have capital to be able to trade and those who trade without knowledge of course they will be very unlikely to make a profit because they don't know how to make a profit from it. the trade.

Yes, you are right, of course before someone decides to trade of course they must first learn it and must have patience in each learning process to be able to get good results in trading and also controlling emotions is of course an important thing when trading so as not to make decisions what went wrong in the trading we did.

[Dzwaafu11]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

The main reason that make traders loose is not only psychological reasoning, did you know that only technical analysis cannot make trader money? because is not only technical analysis that involve in trading, but many traders did also are no get back to their sense if they did not lose. and the picture you posted many traders are not following those steps. if not, it will be good for them if a trader is able to learn the fundamentals of trading and getting their own method of trading believe me they will get money from their trading journey but not all of them want to do that anymore greed have affecting them whereas the knowledge is the most important thing they need first before entering the market.

[Barikui1]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

To me actually, most of the key points listed on the diagram are valid, but there are few things I was looking up to which would have made the rules on the diagram perfect, but they are not there, it was only risk management that stands out too me.

I was thinking that the diagram would have contain over leveraging and knowing when to stay off the market, as easy as it may sound,  if you can be able to control your emotions, manage your risk properly, knowing when to stay off the market and not using too much leverage, then I think you are good to go, and you will come out of the market unscathed.

[shawonngp]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

Beginners in crypto, who as soon as they dive into the world of crypto immediately trade without preparation, it is not recommended, highly not recommended. Preparation is not only about money, but also about the knowledge you have, and also mental and psychological readiness. You are right and I totally agree with this. Because trading is a high risk thing, we should prepare ourselves wisely, don't just follow other people who are successful in trading.

But unfortunately, many people say, it's not a problem, because learning by doing. That makes sense, but even though you are learning by doing, you still need to have at least some basic knowledge and also mental readiness so as not to cause too much damage to the results and the impact later.

Need to knowledge and money both of important but trading can not be possible without good knowledge it's should be first priority. A lot of people's have money but no basic knowledge, who guys start trading without basic they never make profits in trading, trading is not easy to make money by just following some successful traders without own research.

[TheUltraElite]

I must say that traders and how they should trade, topics have been discussed every now and then and everyone comes up with their version of it but the general idea remains same. This only shows how difficult trading is as a continuously done endeavor and that most people end up losing more than what they profit.

People should trade in real after they are done dummy trading and try to avoid day trading and focus more on long term holding. Still someone out there might profit from the opposite of what I said and that can also be correct in a situation.

[Dave1]

I don't know if there is like a sticky for new traders to follow. For me it might be better if there are no rigid set of protocols for them. Just go with the motions and have some fun when you are a beginner and see how it goes for you.

And maybe if you gain that experience then that is the time that you will go back in your notes and see what might be the success for you or what you have to do to improve your trading and to make money. So time and money is absolute to make more money, in my humble opinion.

[bettercrypto]

The ones you showed OP are just a piece of reminder, though. Thank you for such things. But even you know that when it comes to the reality of human life, even though there are reminders around us, most people who can read do not actually follow such reminders.

There are only a few that we can really say implement those guidelines, and if there is anyone who follows those guidelines, it is only a few of them, and these people that we can really say really want to learn trading in this field of the crypto space.

[KingsDen]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

This is a very nice and interesting infographics. If an average Jonny follows this information in their learning journey, they could be successful. But then, most times some of these instructions when followed strictly is misleading. Take for instance, there's an instruction that says, Trust your analysis. It is nice to be dynamic. If your analysis is going wrong, simply make changes. Also, it could be dangerous that you change your strategy prematurely and it finally plays. The market is dynamic and I feel that there's no special way to achieving success than just being as dynamic as the market and being open to learning.

[Ahli38]

Of all the points in the picture, I think the ones that cause beginners to experience defeat the most are two things, namely not being able to control emotions in trading, such as not being able to control fear and greed and secondly, many people don't trust their own analysis. Because beginners sometimes believe more in the free signals shared by a group on Telegram or other social media. Or even they are easily influenced by influencers and become fomo in the end. And yes, FOMO occurs as a result of poor control of our emotions when we are in the market. Technical, fundamental and sentimental analysis can actually be studied quite quickly, but trading psychology and emotional management are the most difficult. Because experience will be more useful in providing lessons on these two things. I hope all beginners don't get FOMO when the market is green and don't become people who get scared when the market turns red. Most beginners take the opposite step in responding to market volatility.

[boyptc]

The ones you showed OP are just a piece of reminder, though. Thank you for such things. But even you know that when it comes to the reality of human life, even though there are reminders around us, most people who can read do not actually follow such reminders.

There are only a few that we can really say implement those guidelines, and if there is anyone who follows those guidelines, it is only a few of them, and these people that we can really say really want to learn trading in this field of the crypto space.

That's a fact.

Even there have been reminders out there, many chooses not to follow those guidelines because they think that they are better than of those. It's not our problem to think of that but with their trades, they'll see what's coming and why those reminders have been made.

If someone listens to others experience, it's okay as those can be helpful to them but if they choose not to. It's not really a thing that are obliged in doing so because we're all free to follow or not or make our own strategies from our experiences.

[GeorgeJohn]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

People will always be interested in threatening but they don't know the fundamental or functions of trading under that is why so many of them lose attention are interests in trading because they have not research they have not always have also and I have not making injuries concerning trading before ventured into it, that's one of the major thing that makes people to loss mostly in cryptocurrency investment even in trading, you have to learn and understand the concept of trading before you go into it.

[MFahad]

If someone listens to others experience, it's okay as those can be helpful to them but if they choose not to. It's not really a thing that are obliged in doing so because we're all free to follow or not or make our own strategies from our experiences.

A wise person would learn from their mistakes and experiences, but a wiser person would learn from the mistakes and experiences of others so that they don't have to face the same. So if someone is telling another person that they have done a certain thing and the outcome wasn't pleasing, the person listening to that should refrain from doing that thing now when he knows the outcome of that action is mostly negative.
Someone who doesn't listen to others and do things that aren't good and then faces negative consequences for their actions should be blamed for that, not because they didn't listen but because they didn't even do their research before doing it.

[Hypnosis00]

Indeed, all of it is worth remembering but unfortunately, most traders especially newcomers have seemed impossible it to work and this is because of the lack of emotional control. And this is one big factor that affects our trading journey and the most common reason why we fail. That is why we ain't see all traders who try had succeeded but instead, we see a lot (majority) had failed for some reason.

In trading, there are a lot of things to consider;
 - the way we responded on the current market situation
 - market approaches
 - mind control
 - fund management

[tygeade]

I don't know if there is like a sticky for new traders to follow. For me it might be better if there are no rigid set of protocols for them. Just go with the motions and have some fun when you are a beginner and see how it goes for you.

And maybe if you gain that experience then that is the time that you will go back in your notes and see what might be the success for you or what you have to do to improve your trading and to make money. So time and money is absolute to make more money, in my humble opinion.

That is true, people should be focusing on getting better, and there are many methods that you can use to get better as well, I believe that if you use them all and try to find out how you could get better then you are going to be doing fine. I know that it is going to take a while, but it has to be something that takes a bit of a risk, if you can take that risk then you should be fine in the end. I know that a lot of people do not take that risk and because of that they are doing poorly.

So, when you combine a bit of risk and a lot of learning together, the mixture creates a great trader eventually, the biggest problem there is that it takes a while for you to get a result that will lose you money, that is the important part.

[Patrol69]

The images you shared for trading are definitely important and every new trader should know about these things but most of the new traders who are new traders don't give much importance to these things rather they claim themselves as a trader by just buying a coin. Trading is not that easy at all, in terms of trading, how much I understand about the market, how much I have a prior plan and how much risk I can take and how much my money will be at risk if I trade, then a trader has to decide on this. Trading is not only done by buying a coin by looking at the profit of others but also by trading in this way one can face huge loss of money. So the newbies and those who are interested in trading should be careful about it in advance and should study enough and then start trading so that the risk of their money will be reduced.

[Kelvinid]

Well, the fun thing is that we all commit mistakes before we realize that we are wrong. Meaning, we lose first before we earn and succeed.
That is no wonder why not all traders become successful due to wrong trading behavior and practices. All these things OP are not just for new traders but for the general and I was sure that even old traders are still in some of these wrong practices.

After all, the future of our trading career lies in our hands as we can't blame the market volatility nor do we have a lack of knowledge because all the information and trading tools are available already. But what most traders do is against the proper way of trading.

[Kelward]

Thanks to the OP for sharing these important tips to guide traders to minimize loses, without aquinting oneself with the knowledge of trading and applying this essential tips that are shared in the OP, then the trader is good as gambling their trading capital. Due to the economic hardships that are being experienced in many countries, people are looking for alternative means of making money and they hear about crypto trading, thinking that it's a get rich quick scheme, and enter without adequate knowledge, then they'll lose all their money due to inexperience, so it's very important for new traders to understand that trading is hard and they need to learn essential tips like the ones that are shared in this thread.

[Nheer]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

People need to understand that trading is not something they can just venture into unless if they are ready to lose their money. Even trading experts will not advise people to begin trading without knowing about it and even while having some knowledge about it that doesn’t guarantee 100 percent success rate, is their even a thing like 100% success rate in trading? I don’t think so, having knowledge will just simply minimize the risk and chances of losing money.

Trading should be first studied properly as a course because of it’s complexity and many terminologies that needs understanding and also understanding the the tips and guidance provided is also as necessary if a person wants to increase his chances of becoming a successful trader but most new traders would want to skip the learning process not knowing how risky it would become for them ahead, trading needs to be approached with utmost caution because people lose more money than they actually make profits.

[Denamen]

These facts are all good to me, and I think if you can do all of it, you can make a good profit from the crypto market (of course, it will be better if you have luck and some other skills). But sometimes simple is good, and most newbies don't believe this. They don't think something as simple as that can work. But that's the way it is. Just like when you want to fit your body, you just reduce calories. Simple, but not everyone can do that, right? People know but don't do. That's the important part.

[husencoe]

I totally agree with what you said OP. Many beginners forget about what to do after entering the market, and many do not even prepare before entering it.

I think the images you share are very useful for beginners, even for me specifically. That picture made me remember when I was still a beginner in trading and I felt stuck when entering the market. I just hope the price will rise someday, but in reality we can't force the market and cause me to lose.

The most important point for me in the picture is that always make your trading plan, this is about where you will enter and where you should exit the market. Then is always record your trading history, so you can evaluate your trading results at any time and change methods if you get fall. And always make a stop loss when you are not too sure about the market.

[ancafe]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Psychologically disturbed when a beginner gets involved in trading and ends up losing a lot of money when they want to trade. Controlling risk is not as easy as it sounds because when it comes to losing money there are many problems that can affect a person's psychology. Trading is not easy to carry out if someone does not have good knowledge and most beginners are involved in trading because their habits are influenced by the desire to make money quickly. That's when their psychology is disturbed because they think too much about how to make big profits from the trading activities they do.

Trading can be learned in a relaxed manner and one can engage in it responsibly by using small amounts of money as an effort to practice experience. If people gain experience, they can add a slightly larger budget for the trading activities they carry out. Control risks so that we can maintain psychological safety to lose a lot of money in trading.

[skarais]

~~~

Psychologically disturbed when a beginner gets involved in trading and ends up losing a lot of money when they want to trade. Controlling risk is not as easy as it sounds because when it comes to losing money there are many problems that can affect a person's psychology. Trading is not easy to carry out if someone does not have good knowledge and most beginners are involved in trading because their habits are influenced by the desire to make money quickly. That's when their psychology is disturbed because they think too much about how to make big profits from the trading activities they do.

Trading can be learned in a relaxed manner and one can engage in it responsibly by using small amounts of money as an effort to practice experience. If people gain experience, they can add a slightly larger budget for the trading activities they carry out. Control risks so that we can maintain psychological safety to lose a lot of money in trading.

No one will say trading is easy, unless they are already pro traders. Even in certain circumstances, pro traders will find it difficult to make profits in the market even if they have skills in analyzing markets and the like. Trends are not always the same and changes in trends can occur at any time, especially when offers become higher at one time.

I admit that to become a professional trader you must have good trading psychology. They can learn as time goes by, but of course there are costs they have to pay, such as time and materials during the process. This means that nothing is instant.

[Ahli38]

These facts are all good to me, and I think if you can do all of it, you can make a good profit from the crypto market (of course, it will be better if you have luck and some other skills). But sometimes simple is good, and most newbies don't believe this. They don't think something as simple as that can work. But that's the way it is. Just like when you want to fit your body, you just reduce calories. Simple, but not everyone can do that, right? People know but don't do. That's the important part.

Well that's what happened. Sometimes beginners also realize mistakes and shortcomings that they have that make them lose in trading. For example, the poor control they have in controlling their emotions in trading itself. But sometimes even though they know about this, they can't easily manage their emotions straight away. And sometimes repeated errors occur. All the points in the picture conveyed by the OP are basically basic things that every trader must have if they want to be successful in trading. But yes, even though everyone needs all of that, not everyone is able to apply each of these points. And it is related to controlling emotions that is actually the most difficult. Because sometimes even people who have been trading for a long time can still get trapped and lose due to poor emotional control. Except for those who learn from the experience they have in the market.

[boyptc]

If someone listens to others experience, it's okay as those can be helpful to them but if they choose not to. It's not really a thing that are obliged in doing so because we're all free to follow or not or make our own strategies from our experiences.

A wise person would learn from their mistakes and experiences, but a wiser person would learn from the mistakes and experiences of others so that they don't have to face the same. So if someone is telling another person that they have done a certain thing and the outcome wasn't pleasing, the person listening to that should refrain from doing that thing now when he knows the outcome of that action is mostly negative.
Someone who doesn't listen to others and do things that aren't good and then faces negative consequences for their actions should be blamed for that, not because they didn't listen but because they didn't even do their research before doing it.

So combining all of the resources will make someone has their own experience to learn and will have everything that's been learned and can apply that to their own trading activities.

It's not as easy as we think but most of the traders have to start somewhere and you can choose where you start and how. But as a start, don't always get into thinking that bigger pockets means bigger returns since you're not yet there.

Start small, win small, win big soon.

[Ricardo11]

The rules you give will play a big role during trading. If a trader can use these rules well, his chances of profiting from trading will increase somewhat, but not every trader uses these rules because every trader has his own training technique. They trade according to their temporary thinking. Besides, trading is not always profitable, trading strategies have to be changed over time.

[ancafe]

No one will say trading is easy, unless they are already pro traders. Even in certain circumstances, pro traders will find it difficult to make profits in the market even if they have skills in analyzing markets and the like. Trends are not always the same and changes in trends can occur at any time, especially when offers become higher at one time.

I admit that to become a professional trader you must have good trading psychology. They can learn as time goes by, but of course there are costs they have to pay, such as time and materials during the process. This means that nothing is instant.

There are many professional traders who also experience losses at certain times because it is difficult to analyze market movements. Skills can help someone minimize risk, but there is no guarantee that they will not lose money. Market changes can occur at any time and for novice traders it will be very difficult to keep up with them, especially when offers are higher. At least to understand market conditions we have to be in direct trading so we can practice the trading skills we carry out.

Before the risk becomes losing money, we should learn first before getting involved in it and to practice trading we can get involved in small trades first. The goal is so that we can be better prepared to face risks and even if we suffer a loss, we can at least recover it in the next trade.

[freedomgo]

If someone listens to others experience, it's okay as those can be helpful to them but if they choose not to. It's not really a thing that are obliged in doing so because we're all free to follow or not or make our own strategies from our experiences.

A wise person would learn from their mistakes and experiences, but a wiser person would learn from the mistakes and experiences of others so that they don't have to face the same. So if someone is telling another person that they have done a certain thing and the outcome wasn't pleasing, the person listening to that should refrain from doing that thing now when he knows the outcome of that action is mostly negative.
Someone who doesn't listen to others and do things that aren't good and then faces negative consequences for their actions should be blamed for that, not because they didn't listen but because they didn't even do their research before doing it.

Learning from others mistakes in trading is actually a good guide for us so we won’t repeating their mistakes again. However, it’s a lot helpful if you learn from your own mistakes and eventually grow from it. Trading will not be master without mistakes and losses along the way, so for me I think it’s a must for us to pass that stage so we will end up learning from it.

Those successful traders these days have their own set of mistakes and losses in the past, but they use it to challenge and motivate them to grow and lead them to where they are right now.

[Russlenat]

The ones you showed OP are just a piece of reminder, though. Thank you for such things. But even you know that when it comes to the reality of human life, even though there are reminders around us, most people who can read do not actually follow such reminders.

There are only a few that we can really say implement those guidelines, and if there is anyone who follows those guidelines, it is only a few of them, and these people that we can really say really want to learn trading in this field of the crypto space.

That's a fact.

Even there have been reminders out there, many chooses not to follow those guidelines because they think that they are better than of those. It's not our problem to think of that but with their trades, they'll see what's coming and why those reminders have been made.

If someone listens to others experience, it's okay as those can be helpful to them but if they choose not to. It's not really a thing that are obliged in doing so because we're all free to follow or not or make our own strategies from our experiences.

Reminders are not actually meant to be followed all the time, though it’s helpful but we are not obliged to set them as our own rules as we can make our own rules that will fit into our trading style. Traders at some point should cultivate on their own skills and strategies, and not just to adopt what others have been doing. While there are working strategies that become an asset for most of the traders, but always know that not all strategies might work for others. This is why develop your own and use it at your most advantage.

[Distinctin]

Indeed, all of it is worth remembering but unfortunately, most traders especially newcomers have seemed impossible it to work and this is because of the lack of emotional control. And this is one big factor that affects our trading journey and the most common reason why we fail. That is why we ain't see all traders who try had succeeded but instead, we see a lot (majority) had failed for some reason.

In trading, there are a lot of things to consider;
 - the way we responded on the current market situation
 - market approaches
 - mind control
 - fund management

Even the legends in trading are not actually following some of those guidelines because they create their own that work for them based on their trading experience. But if you are a beginner in the trading industry, sticking to these guidelines or reminders are crucial, not because they’re proven effective, but because these can control your losses if you trade according to these reminders listed by OP. However, they only seem hard to follow at first but eventually you get used to it if you consistently trade in the market, and even create your own that works for you.

[Dr.Osh]

This photo illustrates something that many trading players violate. Even though they know that it is the right thing to do, sometimes they increase the risk by ignoring the rules. Well, some succeed, but almost more people fail than succeed.
Apart from that, for beginners, you should use as little money as possible and never use the main money you have. Many beginners feel that trading is easy, and use all the money they have as initial capital.

[AnonBitCoiner]

Need to knowledge and money both of important but trading can not be possible without good knowledge it's should be first priority. A lot of people's have money but no basic knowledge, who guys start trading without basic they never make profits in trading, trading is not easy to make money by just following some successful traders without own research.

Knowledge, experience and money all are important for trading because if you have money but no knowledge then you will loss this money but if you have no money but have knowledge then you cannot use your knowledge without use of money.

We cannot avoid money and knowledge in trading because both are compulsory therefore keep getting knowledge as you will continuously learn new things according to the market. Getting Knowledge never ends because if one can get complete knowledge then experts will never loss their money in trading.

[ancafe]

This photo illustrates something that many trading players violate. Even though they know that it is the right thing to do, sometimes they increase the risk by ignoring the rules. Well, some succeed, but almost more people fail than succeed.
Apart from that, for beginners, you should use as little money as possible and never use the main money you have. Many beginners feel that trading is easy, and use all the money they have as initial capital.

That is human behavior in pursuing financial gain and sometimes they do not consider the risks that will result and instead they pursue quick profits even though they do not have the right knowledge. Trading has quite a big risk impact if someone does not understand how to do it properly because the rules are clear that trading cannot be done if we do not master the knowledge involved. Beginners are trapped by the profits that people talk about so they try to take risks when trading.

The mistake is that they use all the money they have as initial trading capital, even though they should be able to use small amounts of money first to improve their skills. After the experience they get gets better, then try to increase the number of trades a little bigger slowly. So they are better prepared to face risks in any condition because experience can teach someone to be more knowledgeable.

[wiss19]

Knowledge comes way before psychology. I know that one should have a clear thought process to be able to gain success in any field, but knowledge is the fundamental aspect one needs to take care of when entering any field, be it trading, investments, or anything in general.

So before getting into the psychological procedures and things, one needs to acquire enough knowledge about the market and the cryptocurrencies available in it because one can only follow all these instructions if they have enough knowledge to process them further. You can't expect someone to analyse a chart if they don't know what a chart represents and how one can read it or observe it.

[uchegod-21]

Need to knowledge and money both of important but trading can not be possible without good knowledge it's should be first priority. A lot of people's have money but no basic knowledge, who guys start trading without basic they never make profits in trading, trading is not easy to make money by just following some successful traders without own research.

Knowledge, experience and money all are important for trading because if you have money but no knowledge then you will loss this money but if you have no money but have knowledge then you cannot use your knowledge without use of money.

We cannot avoid money and knowledge in trading because both are compulsory therefore keep getting knowledge as you will continuously learn new things according to the market. Getting Knowledge never ends because if one can get complete knowledge then experts will never loss their money in trading.

We can say that the most important things needed to be successful in trading is knowledge and money. But the irony is that these two are never in abundant to one person or it can rarely be. This means while some has knowledge some others do not have knowledge but they have the money. The money is nothing without the knowledge and also the knowledge is nothing without the money. Both compliment each other in order to be successful in cryptocurrency trading. But now if we are asked to choose the more important between knowledge and money, we could say that knowledge is more important. This is because someone can actually give you some money to trade and return profit for them if you have the knowledge. But having money without the knowledge is disastrous because you will always be tempted to trade even when you don't have the basic knowledge and the inevitable end is blowing up your account severally.
Returning back to op, it is important to observe all the rules in the picture above, however a trader is supposed to understand himself if he can actually trade or not. As funny as it sounds, trading is not for everyone.

[goldkingcoiner]

Respect stop loss? Why would anyone use stop loss?  Stop loss is for panic sellers

Either you believe in your investment in the long term or you panic and sell just because some line on some chart got crossed. The problem is with those traders who do not trust their investment to pick the price back up.

Sure it might take a while but trying to catch the falling knife is trickier than people expect. Accepting losses is a no-no. Buy low, sell high, be patient. Be brave. Divide your trading funds up into multiple parts beforehand, if you needs funds to trade with in the meantime. That way only one part will be stuck in hodl mode until the break-even point (when the price bounces back).

[el kaka22]

There are really no "rules", it is just common sense. Like for example take "control emotions" for an example, do you really think that it is a "rule" or a "suggestion" or is it more common sense. I feel like that is more common sense than anything else. I understand the fact that we are going to end up with something more like it is only natural to do.

I understand not many could be doing it, like yeah there are people who fail to control their emotions but at the same time it doesn't feel like it is going to be all that bad. So we should definitely start considering how we are going to end up with a good return. Just focus on what you can do, and try to work on things you are failing and you will do better in the end.

[doomloop]

Many people are interested in trading because they see people sharing the profits and success of trading. and it looks very easy for beginners to earn huge profits in a short time.
without skills and knowledge, beginners will just waste their money. There are even beginners who seek the services of traders to entrust their money for trading. it's because they realize not have so much skill. others might just go looking for a free signal channel and follow it.
this has to stop. every beginner who wants to trade must learn many things first so that they don't regret it.

Even if they don't see those success stories, they will still know what trading means and by there they will have an idea that it can create a potential to earn. Meanwhile, those success stories that we see on the net are mostly false and as we see, they often have brands being promoted at their videos. They are only made to lure people on using their/those platforms. This is why as a newbie, they are advised to not listen to those and the influencers but they can avoid it easily if they will start learning on their own first. There are still legit copy trading services but losing is still possible there and the only negative thing about them is that we may not learn on them.

[goaldigger]

This photo illustrates something that many trading players violate. Even though they know that it is the right thing to do, sometimes they increase the risk by ignoring the rules. Well, some succeed, but almost more people fail than succeed.
Apart from that, for beginners, you should use as little money as possible and never use the main money you have. Many beginners feel that trading is easy, and use all the money they have as initial capital.

I’m guilty of this and seriously even if you are not beginner you’ll still make mistakes in trading.
If you are a beginner trader, it’s good to build your fundamental knowledge first about trading and be more ready for the possible risk and challenges that you will encounter during your trading journey. This is risky and no guarantee but if you master trading, this can be rewarding too.

[wxa7115]

This photo illustrates something that many trading players violate. Even though they know that it is the right thing to do, sometimes they increase the risk by ignoring the rules. Well, some succeed, but almost more people fail than succeed.
Apart from that, for beginners, you should use as little money as possible and never use the main money you have. Many beginners feel that trading is easy, and use all the money they have as initial capital.

I’m guilty of this and seriously even if you are not beginner you’ll still make mistakes in trading.
If you are a beginner trader, it’s good to build your fundamental knowledge first about trading and be more ready for the possible risk and challenges that you will encounter during your trading journey. This is risky and no guarantee but if you master trading, this can be rewarding too.

We are not perfect, so even when you know what it is the right thing to do, you will find it very difficult to actually implement those actions when the market is moving against your current position.

However what allows successful traders to become that way is that they can recognize when they are making a mistake and they can correct it before their losses accumulate to dangerous levels, so they only need a trade or two to recover from their mistake, while a newbie trader will fail to realize what is happening, and once they do, the damage they have suffered is so high that it does not matter anymore what they do to correct this situation.

[JunaidAzizi]

Nowadays many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis.

This is the best summary I have ever seen in the trading world. If the beginner follows these steps they will never face a high loss.  In trading, the most important thing is analysis which is base of your trade but the new one jumps into the trade without any preparation and they lose money they start posting on social media and motivate the new one to not enter into the trading.  I will surely say that if they follow these steps they will gain many profits because trading is surrounded by all these things if you hold you will be successful otherwise failure is waiting for you.

[$weetne$$]

They are only made to lure people on using their/those platforms. This is why as a newbie, they are advised to not listen to those and the influencers but they can avoid it easily if they will start learning on their own first. There are still legit copy trading services but losing is still possible there and the only negative thing about them is that we may not learn on them.

Copy trading services aren't good for newbie traders because you can't learn with copy trading service but can only make money if the individual is a very good trader. Copay trading will make you to make profits but you can't learn from any mistakes when you use them. You can only use them for making profit but trading isn't everything about making profits but how to get experience that'll help you in the future so you don't make mistakes that'll make you to lose money or to know the exact things to do so you can make money the next time that you want to trade. Newbies don't have to listen to influencer because they have different things  that they're promoting to make money and not only trading as they'll claim that they're doing but they're deceiving their viewers.

[pusaka]

e]We are not perfect, so even when you know what it is the right thing to do, you will find it very difficult to actually implement those actions when the market is moving against your current position.

However what allows successful traders to become that way is that they can recognize when they are making a mistake and they can correct it before their losses accumulate to dangerous levels, so they only need a trade or two to recover from their mistake, while a newbie trader will fail to realize what is happening, and once they do, the damage they have suffered is so high that it does not matter anymore what they do to correct this situation.

This is the difference between traders who already have experience and beginner traders. Professional traders will usually act quickly when they realize they have made a mistake in their analysis, so they can cut their losses. Meanwhile, for beginners they might tend to wait for a price reversal and that doesn't happen.
So what you can do is apply a stop loss in the trades you make. In my opinion, this is one of the best things that beginners can do so that they can avoid more losses or burning their money.
As you said, experienced traders will recover quickly, because mentally they already have a very good mentality. This is different from beginners who still have panic, and it takes time to even just look at the market, because losing might disturb their mentality.

[babagem1]

I have developed the habit of understanding Trading before I go into it because of the issues I have seen and what I have lost so each time I want to trade I always ask a lot of questions so it seems that I ask too much questions but it’s never enough for me because I want to gain more experience to make sure that I didn’tlost any of my money anymore even when I ask to know step to take I still lose but it’s not much because I am taking precautions

[Essential10]

I have developed the habit of understanding Trading before I go into it because of the issues I have seen and what I have lost so each time I want to trade I always ask a lot of questions so it seems that I ask too much questions but it’s never enough for me because I want to gain more experience to make sure that I didn’tlost any of my money anymore even when I ask to know step to take I still lose but it’s not much because I am taking precautions

Trading risk project always have the possibility of losing money. However, you are trying to improve yourself by using your past experience and practical experience to reduce risk and become more successful in future trading. If you want to be more efficient in trading, you must pay attention to proper analysis of current market and technology analysis. Develop a trading plan to minimize the loss of your assets by mastering the entry and exit strategy. If you lose money while trading, feel disappointed and consider it a part of trading. Most importantly, controlling emotions like greed and impatience will increase your trading success. Stick to it properly and your success rate will increase in the future.

[Negotiation]

Trading risk project always have the possibility of losing money. However, you are trying to improve yourself by using your past experience and practical experience to reduce risk and become more successful in future trading. If you want to be more efficient in trading, you must pay attention to proper analysis of current market and technology analysis. Develop a trading plan to minimize the loss of your assets by mastering the entry and exit strategy. If you lose money while trading, feel disappointed and consider it a part of trading. Most importantly, controlling emotions like greed and impatience will increase your trading success. Stick to it properly and your success rate will increase in the future.

Success is not possible only with previous trading experience. Because here you have to analyze the market every day and be active in the market every day. Moreover, no matter how good a trader you are, you cannot fully understand market behavior. And when you fail to fully understand the behavior of the market, then the loss is for you so you have to practice constantly.

[synchronym]

Of course many people are showing interest in trading these days. To the newbies who are interested in trading, they must first gain enough knowledge about trade, if they do not gain enough knowledge about trade, they will not get much success through their trade. Before trading we must have a long term plan if we can invest with a long term plan then surely we will get success through trading. Patience is very important in trading. Sometimes big traders also lose patience, so if we can trade with patience and keep a long-term plan, we can certainly get success through trading.

[Natsuu]

Many people are interested in trading because they see people sharing the profits and success of trading. and it looks very easy for beginners to earn huge profits in a short time.
without skills and knowledge, beginners will just waste their money. There are even beginners who seek the services of traders to entrust their money for trading. it's because they realize not have so much skill. others might just go looking for a free signal channel and follow it.
this has to stop. every beginner who wants to trade must learn many things first so that they don't regret it.

Well if you started trading and all you just care is cars and making money, then you won't going to make it. In trading you need to focus on the process as oppose to making money. You really have to love this game. Otherwise you are not going to succeed. Because what will happen is you are going to chase money, but in trading it is the opposite. You shouldn't be concern on making money but only the perfect execution of your strategy for every trade that you take. You really have to develop the skill set first, then the mindset, and proper risk management. After that being developed, the money will take care of its own. You just need to trust your earning and learning curve.

[Awaklara]

Well if you started trading and all you just care is cars and making money, then you won't going to make it. In trading you need to focus on the process as oppose to making money. You really have to love this game. Otherwise you are not going to succeed. Because what will happen is you are going to chase money, but in trading it is the opposite. You shouldn't be concern on making money but only the perfect execution of your strategy for every trade that you take. You really have to develop the skill set first, then the mindset, and proper risk management. After that being developed, the money will take care of its own. You just need to trust your earning and learning curve.

The problem is, when someone starts trading, of course, their orientation is to make money. or to generate profits from trades carried out. we must realize that it may be experienced by every trader.
what must be prepared is the ability to make money from the trade. Therefore, don't start trading when you are not ready and don't have enough skills. that will only result in trades being carried out based on speculation without any analysis.

[ancafe]

The problem is, when someone starts trading, of course, their orientation is to make money. or to generate profits from trades carried out. we must realize that it may be experienced by every trader.
what must be prepared is the ability to make money from the trade. Therefore, don't start trading when you are not ready and don't have enough skills. that will only result in trades being carried out based on speculation without any analysis.

Be aware that trading is a way to generate profits or losses and it depends on how someone can handle trading correctly. Starting trading with an inability to face risks will make psychology more chaotic because people will find it difficult to control risks when they experience losses. Trading should be done if one has the ability to face risks and they should also understand how to trade properly.

Without this ability it is impossible to carry out trading correctly and it is very likely that beginners will be faced with losses. Carrying out trades based on speculation will have a bad impact because they do not have any analysis when trading, so the decision to trade in this way is not a good choice.

[KupaCrypto]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

Op it's not about doing all this, it first comes down to knowing how to trade, when to trade, how to take profit and the last one don't be overshadowed by greed,
Most persons are just overshadowed by greed of making huge money from just a single trade, trading is risky, so therefore risk management should also be put to consideration, so with proper analysis a trade is supposed to go smoothly except it goes otherwise, so during trades alot of factors are involved and put into consideration.

[Questat]

Op it's not about doing all this, it first comes down to knowing how to trade, when to trade, how to take profit and the last one don't be overshadowed by greed,
Most persons are just overshadowed by greed of making huge money from just a single trade, trading is risky, so therefore risk management should also be put to consideration, so with proper analysis a trade is supposed to go smoothly except it goes otherwise, so during trades alot of factors are involved and put into consideration.

Perhaps, these things are very usual to happen for all traders. But with the influence of our greed, everything will change and even forget the things we need to do in order to succeed because what is in our mind is to chase winnings even if the situation is not good anymore. Losing control our of emotions and greed will simply lead us to nothing and the more chances we fail instead of reaching our goal. This may not often happen to old traders but this really happens to newbies who think that trading is just too easy and an easy money game.

It is very important that before we start to trade, we already know our position and must understand the volatility of the market. And of course, must not underestimate trading because every single mistake, it incurs losses as well.

[cryptoWODL]

Op it's not about doing all this, it first comes down to knowing how to trade, when to trade, how to take profit and the last one don't be overshadowed by greed,
Most persons are just overshadowed by greed of making huge money from just a single trade, trading is risky, so therefore risk management should also be put to consideration, so with proper analysis a trade is supposed to go smoothly except it goes otherwise, so during trades alot of factors are involved and put into consideration.

The rules that Op tried to highlight through the picture are common mistakes that new investors make when they first start trading. I think OP is trying to tell newbies with the rules they show that you should avoid these mistakes when investing in early stages. Maybe he's right because when we trade, these two things, emotion greed, are clearly at work in us. Emotions work in us while trading in such a way that when we invest in a coin, if it goes down a bit, we panic and immediately sell that coin out of emotion. Again, when we see a coin that has increased in price, we keep it in the hope of extra profit, but later the price of that coin decreases again.

Most of the new investors cannot do trading analysis properly and even their trading plan is not correct due to which they fail in most of their investments. We need to analyze the market well and understand the volatility of the market to trade properly. If we make a small mistake while trading then maybe because of that mistake there is a possibility of loss in our trade.

[Sanitough]

Op it's not about doing all this, it first comes down to knowing how to trade, when to trade, how to take profit and the last one don't be overshadowed by greed,
Most persons are just overshadowed by greed of making huge money from just a single trade, trading is risky, so therefore risk management should also be put to consideration, so with proper analysis a trade is supposed to go smoothly except it goes otherwise, so during trades alot of factors are involved and put into consideration.

Perhaps, these things are very usual to happen for all traders. But with the influence of our greed, everything will change and even forget the things we need to do in order to succeed because what is in our mind is to chase winnings even if the situation is not good anymore. Losing control our of emotions and greed will simply lead us to nothing and the more chances we fail instead of reaching our goal. This may not often happen to old traders but this really happens to newbies who think that trading is just too easy and an easy money game.

It is very important that before we start to trade, we already know our position and must understand the volatility of the market. And of course, must not underestimate trading because every single mistake, it incurs losses as well.

Greed is the biggest enemy of trading. If you act as a greedy trader, it’s like you break all of these reminders, until you see yourself losing in the end. One mistake will definitely ruin all your plans in trading, so it’s better to start trading only when you already have perceived rightly the reality about trading. However, not all traders tend to follow all of these. Not because they’re not aware, but because it’s certain for individual trader to adopt different strategy from other traders, as long as it shares the same goal for trading, that is to succeed and get profits in the end.

[$weetne$$]

Greed is the biggest enemy of trading. If you act as a greedy trader, it’s like you break all of these reminders, until you see yourself losing in the end. One mistake will definitely ruin all your plans in trading, so it’s better to start trading only when you already have perceived rightly the reality about trading. However, not all traders tend to follow all of these. Not because they’re not aware, but because it’s certain for individual trader to adopt different strategy from other traders, as long as it shares the same goal for trading, that is to succeed and get profits in the end.

Greed is one of the biggest enemies of a trader but I don't see it as the biggest for all traders. Some traders are greedy but their greed doesn't make them to lose when trading or have a bad trade instead the greed keeps making their to win big when they trade. Every trader has someone that's their big energy when trading. Some of them don't know how to time the market correctly knowing when they should be selling or buying while others don't know how to spot opportunities when they see it. Sometime your greed can help you to not leave the market sooner than when the market will have a market pump. Greed isn't bad when you can use it to your favor but newbies including me have to be careful so it doesn't cause us to lose the little money that we have saved for trading.

[Natalim]

Greed is the biggest enemy of trading. If you act as a greedy trader, it’s like you break all of these reminders, until you see yourself losing in the end. One mistake will definitely ruin all your plans in trading, so it’s better to start trading only when you already have perceived rightly the reality about trading. However, not all traders tend to follow all of these. Not because they’re not aware, but because it’s certain for individual trader to adopt different strategy from other traders, as long as it shares the same goal for trading, that is to succeed and get profits in the end.

Greed is one of the biggest enemies of a trader but I don't see it as the biggest for all traders. Some traders are greedy but their greed doesn't make them to lose when trading or have a bad trade instead the greed keeps making their to win big when they trade. Every trader has someone that's their big energy when trading. Some of them don't know how to time the market correctly knowing when they should be selling or buying while others don't know how to spot opportunities when they see it. Sometime your greed can help you to not leave the market sooner than when the market will have a market pump. Greed isn't bad when you can use it to your favor but newbies including me have to be careful so it doesn't cause us to lose the little money that we have saved for trading.

Greed is really on us, can't deny it.
As long as we can control our greed, that is okay but in the moment that it will control our mind, that seems to be a big problem. Many people become rich because of this (greed) but somehow, this will also ruin our future and be a reason for losing our hard-earned money in a short period. Greed is already with us and what we need is to balance the situation and always keep in mind what will happen to us when too much greed is in our mind. Whether we are a newbie or not, we should be smart enough to handle our emotions and keep the level of our greediness low.

[stomachgrowls]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue

These things might really that too simple to look at but when you are on such actual condition or situation then for sure it would really be that so damn hard to follow up these principles on which you would really be that hardly be able to have that control specially when you are just that new. You would be basically be able to learn up things on the time that you do able to get that experience with active engagement.
This would really basically takes time and tons of effort before you would really be able to achieve such thing on which it would really be just that into those moments.
If you are just new, then try to make yourself not to be in a rush because this kind of specific skill isnt really something that you could really be able to learnt it overnight.

Those points above arent something that you could really be able to learn up in a short period of time. Even if it looks pretty basic on doing those things but as said it wont really be that so simple
when you are on such situation on which means on the time that you would really be having that kind of encounter then on the time that you do have that experience then
you do already know on what you should gonna do.

[stadus]

Op it's not about doing all this, it first comes down to knowing how to trade, when to trade, how to take profit and the last one don't be overshadowed by greed,
Most persons are just overshadowed by greed of making huge money from just a single trade, trading is risky, so therefore risk management should also be put to consideration, so with proper analysis a trade is supposed to go smoothly except it goes otherwise, so during trades alot of factors are involved and put into consideration.

Perhaps, these things are very usual to happen for all traders. But with the influence of our greed, everything will change and even forget the things we need to do in order to succeed because what is in our mind is to chase winnings even if the situation is not good anymore. Losing control our of emotions and greed will simply lead us to nothing and the more chances we fail instead of reaching our goal. This may not often happen to old traders but this really happens to newbies who think that trading is just too easy and an easy money game.

It is very important that before we start to trade, we already know our position and must understand the volatility of the market. And of course, must not underestimate trading because every single mistake, it incurs losses as well.

Of course, trading is certainly hard and risky most especially for beginner traders. And as long as you never follow the rules and guidelines in trading, you will always be at risk from losing. This is very common to newbie traders as they set their own rules in trading, probably because of what they often heard from YouTubers that trading is like this or like that. Although hearing  those crypto influencers is not bad at all, as long as you also learn to verify what they are saying and won’t never forget to stick always on the basic rules in trading.

[Dailyscript]

I tend to get pissed off when i see people saying that trading is extremely harmful and people should avoid trading. Investment and trading are similar in nature just that with trading you put in and take out your money mainly on a daily basis if you choose to. While investment you hold for some week, monthly or yearly basis. But it doesn't change anything. This is because both gives profit and loss if proper risk is not avoided. If there are risk involved i trading and investment why is investment more better than day trading?

[wxa7115]

I tend to get pissed off when i see people saying that trading is extremely harmful and people should avoid trading. Investment and trading are similar in nature just that with trading you put in and take out your money mainly on a daily basis if you choose to. While investment you hold for some week, monthly or yearly basis. But it doesn't change anything. This is because both gives profit and loss if proper risk is not avoided. If there are risk involved i trading and investment why is investment more better than day trading?

The difference between investing and trading is massive, while in both instances you are risking your money with the hopes of getting more of it, when it comes to investing you barely make any moves at all, so you can just buy an asset and hold it for years.

But when it comes to trading, buying and selling is a process you will do hundreds of times, and the more you do something, the greater the chances you make a mistake from which you may not recover.

[AnonBitCoiner]

I tend to get pissed off when i see people saying that trading is extremely harmful and people should avoid trading. Investment and trading are similar in nature just that with trading you put in and take out your money mainly on a daily basis if you choose to. While investment you hold for some week, monthly or yearly basis. But it doesn't change anything. This is because both gives profit and loss if proper risk is not avoided. If there are risk involved i trading and investment why is investment more better than day trading?

The main difference between investment and trading is the timing to hold but the buying and selling mechanism in both are similar so in both cases you will buy at dip and will sell at higher worth to take benefit from it. Bitcoin is suitable currency for investment but most of the people are also using it for trading and can make great profit from it.

In most of the cases people are doing trading with new coins whereas invest amount in old coins therefore trading become more risky than investment. Risk is involved in both so if we consider one as safe way and another as risky then we will be wrong.

[bettercrypto]

I just want to add something to what you said, and this is continuous learning. Don't be in a hurry to immediately enter a large amount in the trading exchange;
always start with a small capital amount.

And also remember that quick learning is not a guarantee to say that you will get a good profit in trading right away; that is not the right mindset; rather,
that is wrong thinking as a trader in the crypto space we live in.

[FanEagle]

Having some common sense would allow all of this to work well. If you have some common sense and not do wild stuff then you are going to end up with a good result, a lot of people end up with a wrong move and that is why they end up losing money.

I have rarely lost money in crypto, not because I am some super smart investor or anything, but because I do not take risk and I do not make mistakes, I just hold long term until the yare in profit and only then sell it. If I keep doing that, then why would I lose any money? That means that I may live through the bear market without selling once, and just DCA may way out of that bear market and sell during bull, could be years but that's fine for me and I end up making a profit anyway.

[$weetne$$]

Greed is already with us and what we need is to balance the situation and always keep in mind what will happen to us when too much greed is in our mind. Whether we are a newbie or not, we should be smart enough to handle our emotions and keep the level of our greediness low.

A little bit of greed in our system is fine when we don't have them in excessive form. You can have greed and it'll help you at times when you're trading but many times greed will make you to lose what you already have that you were trying to get more. It's because of greed that scammers are successful in scamming many investor because they want to make quick money with the Bitcoin they own or they're trying to own more Bitcoin. It's greed that make investors to invest in altcoins because they want to make quick profits. It's greed that make many individuals to invest in memecoin in spite of knowing that memecoin aren't good investment because they can't be long term investments. Being a trader, we need to know how to control our greed or it'll be the cause of our losses.

[Zoomic]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

This is easier said than done. Many traders are already aware of this but would unintentionally ignore them due to trade anxiety and stress. One thing we should know is that following these rules above strictly does not guarantee trading success, most times it is better traders learn from their own experiences so they can understand better what exactly works for them. Trading is indeed profitable to those who truly know their onions in trading.

Trading is not for everyone, many traders will ruin all the efforts they've invested in trading just because of their inability to control their emotions. If as a trader, your emotions tend to be a barrier to your trading career,  then you should consider working on your emotions first or better reconsider if you can actually thrive in trading.

[nara1892]

I just want to add something to what you said, and this is continuous learning. Don't be in a hurry to immediately enter a large amount in the trading exchange;
always start with a small capital amount.

And also remember that quick learning is not a guarantee to say that you will get a good profit in trading right away; that is not the right mindset; rather,
that is wrong thinking as a trader in the crypto space we live in.

That's right, everything must start with the smallest, especially in terms of budget allocation for opening open positions, because obviously you have just started, where you are a new person who has just entered the world of trading, which means that at the start you have to start with steps that are not too excessive, such as in terms of budget allocation, try to only use a small amount of capital and make sure it is an amount that you can be responsible for whatever the outcome, especially possible losses at the end of the trading session.

I think an initial approach like this is more recommended because after all you are still in the adaptation stage to market habits which are usually fluctuating. On the other hand, yes, I agree with you that something done in a hurry usually always ends with bad results, therefore it is better for you to learn slowly little by little, it doesn't matter if it's slow because the important thing is that you are right - really understand everything you learn. However, trading is a profession that is quite difficult to learn, but it will not be too difficult if for example you can be patient and willing to process because to really become a fairly reliable trader, you need a lot of experience and a lot of flying hours, which is where You will only get that when you are willing to persist in the learning process.

[CageMabok]

I just want to add something to what you said, and this is continuous learning. Don't be in a hurry to immediately enter a large amount in the trading exchange;
always start with a small capital amount.

And also remember that quick learning is not a guarantee to say that you will get a good profit in trading right away; that is not the right mindset; rather,
that is wrong thinking as a trader in the crypto space we live in.

Trying to trade with small capital to start with is a pretty wise choice because you don't have to start with a large amount of capital if a trader is just starting out. Apart from that, by experimenting with small capital and seeing how it can grow to become large, this can also be a reference for oneself in learning because when someone is able to manage small capital and become large. It gets easier when one starts putting larger capital into the market to use for trading, so what you say is very true for first trial options.

[puloweh555]

I just want to add something to what you said, and this is continuous learning. Don't be in a hurry to immediately enter a large amount in the trading exchange;
always start with a small capital amount.

And also remember that quick learning is not a guarantee to say that you will get a good profit in trading right away; that is not the right mindset; rather,
that is wrong thinking as a trader in the crypto space we live in.

Yes, basically before starting trading we have to change our perspective or mindset regarding trading, because trading is a high-risk activity so learning alone is not enough in a short time. Every time you trade is a lesson that must be learned and you don't have to rush to start trading. small capital because trading is not a way to get rich in a short time.

Even if we implement it, we must make trading a business, not a hobby or job. Because if we make trading a hobby then there is no real commitment to continue learning. Likewise, if trading becomes a job, it will make us frustrated because we don't have a steady income.

So the most correct thing is to make trading a business because in business there will of course be capital, losses, uncertainty, taxes, stress, and of course risk. So if we have this mindset when trading we are always careful, we continue to do research and develop strategies to maximize our potential trading profits.

[Natsuu]

I just want to add something to what you said, and this is continuous learning. Don't be in a hurry to immediately enter a large amount in the trading exchange;
always start with a small capital amount.

This is true. You've got to take every step. No short cut. Once you rush and skip a step, yes you may advance but you will still fall back on things you should experience and learn first. In short, once you rush in to make money, it is faster for you to lose it all of your account than to make money. Because in trading, it is a must submit to the process.

You cannot go in a trading day and say you are going to make money. You can only make money once the market allows you to capitalize a move. You cannot force things, you cannot rush. Otherwise, you will get caught of your own psychology.

[moneystery]

many novice traders prefer to trust other people's analysis and choose to copy-trader because they don't trust their own analysis or they are too lazy to do that. however, if they are able to do their own analysis and trust it, they can gain more experience and that they can use to help a good trading portfolio. but because of their lack of confidence in their analysis, in the end they choose to trust other people's analysis and rely on it in each of their trades.

[rodskee]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

From all  of the rules given it is the Self Control that stands to all of those because if we cannot
find this control then why we have to gain from trading?

Of course many people are showing interest in trading these days. To the newbies who are interested in trading, they must first gain enough knowledge about trade, if they do not gain enough knowledge about trade, they will not get much success through their trade. Before trading we must have a long term plan if we can invest with a long term plan then surely we will get success through trading. Patience is very important in trading. Sometimes big traders also lose patience, so if we can trade with patience and keep a long-term plan, we can certainly get success through trading.

though they can enter the market a newbie but as Holder not as trader because that is  truly
harder to initiate learning how hard the trading manner is.

[Awaklara]

though they can enter the market a newbie but as Holder not as trader because that is  truly
harder to initiate learning how hard the trading manner is.

Yes, it's difficult, but that doesn't mean it can't be done. it all depends on how ready the beginner is to start trading. When a beginner makes a lot of preparations, including learning anything from a mentor, and only starts trading when he gets good guidance, I'm sure novice traders can do it too.
although I would prefer a beginner in trading to start by holding their assets rather than trading because their chances of losing will be greater than making a profit. But everyone's interests and abilities are different. we have to realize that.

[nara1892]

though they can enter the market a newbie but as Holder not as trader because that is  truly
harder to initiate learning how hard the trading manner is.

Yes, it's difficult, but that doesn't mean it can't be done. it all depends on how ready the beginner is to start trading. When a beginner makes a lot of preparations, including learning anything from a mentor, and only starts trading when he gets good guidance, I'm sure novice traders can do it too.
although I would prefer a beginner in trading to start by holding their assets rather than trading because their chances of losing will be greater than making a profit. But everyone's interests and abilities are different. we have to realize that.

That's right, it doesn't mean it can't and it doesn't mean it's impossible, because after all we can see that there are some traders who ultimately succeed in achieving success in the world of trading, and it is clear that all people who ultimately succeed and succeed in any field are definitely all of them born from a beginner who initially knows nothing about their newfound field. The point and meaning is clear as you said, that it depends on the intention and determination along with the seriousness of each person, if for example they are serious about studying and always work hard then yes nothing is impossible because everyone has the same opportunities but not everyone is ready to go through all the difficulties in the process of their journey.

Everyone can achieve success, which means that it is a matter of time that differentiates your success process from other people's, because if everything is based on sincerity and hard work then nothing will be impossible whether they started it all by becoming a holder or trader.

[Nrcewker]

Do you drive a car on road directly without learning how to drive? No right? Similar case with trading also. If you trade without proper knowledge then, you won’t get any profits. Trading takes lot of patience and dedication. Hence, if you want to make profit in the trading market as a beginner, then you need to master the art of patience. Try learning the theoretical things first, then do trading on demo balance. At last trade with the amount that you can really afford to lose.

[Woodie]

Now-a-days many people are interested in trading. But it is harmful for everyone especially those who are trading without knowing it. They are losing all money despite knowing technical analysis. The main reason is psychological.

Trading has really caught people's attention and everyone wants to be part of this....and if you ask me , this FOMO is actually one of the reasons why people are failing because they don't have a strategy to start with and keep gambling which every profitable trade knows is a recipe for failure!!!

On the "Psychology " part I kind of agree...very few people know how to manage this but you can counter this by following your strategy to the last bit...

I have shared a photo below if following this photo will benefit them. Although beginners get technical analysis right then they get lost in psychological. I think this psychological conundrum should always be kept in their head.

Noted: This photo is taken from a group. Avoid copyright issue.

Emotion for me is the real winner that gets most traders losing because they lack the patience and just can't wait..if that's not what will get you, then the revenge trading will as none of us love to see ourselves losing which is why the blowing of accounts happens...

[GbitG]

Yes, it's difficult, but that doesn't mean it can't be done. it all depends on how ready the beginner is to start trading. When a beginner makes a lot of preparations, including learning anything from a mentor, and only starts trading when he gets good guidance, I'm sure novice traders can do it too.
although I would prefer a beginner in trading to start by holding their assets rather than trading because their chances of losing will be greater than making a profit. But everyone's interests and abilities are different. we have to realize that.

Yeah an beginner can become a good trader as well but as you said, only if they focus a lot of improving their knowledge and skills so that they don't lose their capital in the initial stage and then regret it. Most newbies make the mistake of rushing into the market to start trading when they don't have any knowledge about how the market works in the first place, and while trying to do that, they lose everything they have and then blame the market for it.

Newbies need to understand that knowledge is the first step, it is not possible for one to do anything successfully if they don't have any knowledge about it unless they are extremely lucky and we know that a financial industry doesn't work on luck, you need skills to stay within the industry.

[Dewi Aries]

Do you drive a car on road directly without learning how to drive? No right? Similar case with trading also. If you trade without proper knowledge then, you won’t get any profits. Trading takes lot of patience and dedication. Hence, if you want to make profit in the trading market as a beginner, then you need to master the art of patience. Try learning the theoretical things first, then do trading on demo balance. At last trade with the amount that you can really afford to lose.

Yes, this is carelessness that should be avoided because after all trading is an activity that can be very risky when you treat it in the wrong way, understanding and knowledge are always very important because this will be the basis for the decisions we will make later, and if for example, you come with the intention and purpose of making a profit while on the other hand you don't know at all how to trade and what things have to be done, then yes, it's clear as you say, which is the same as driving a car without knowing how to drive it, which in turn In the end, you will most likely get hurt.

In any case, if it concerns or involves money, there will always be risks that may arise, such as in trading where all traders have the same opportunity in terms of profit opportunities but on the other hand they also have the same possibility of experiencing losses, and it is clear when you don't have any knowledge or insight at all because you don't want to first dedicate yourself to lots of lessons, so obviously in the end you will just waste your money. Moreover, you can get a lot of information from several sources about what steps beginner traders should take, you can get it on the internet and it's free as long as you want and my advice is don't put too much hope in profits if for example you don't have any knowledge at all.

[Best-mary]

Believe it or not, not all traders follow the steps or instructions in the picture, especially those new to trading, but they will eventually learn the truth by experiencing the hardship or losing in trading if they will actually continue trading even if they experience the loss on their first try at trading. 

Trading or day trading is not an easy thing because you will experience anxiety wherein you can't be comfortable because you know you have open trades, which may result in monitoring your open trade throughout the day, which could affect your decision. If traders will actually follow the steps or instructions in your picture, then maybe they can be a profitable trader, but of course it still depends on their knowledge and how they can make a good trade analysis. This kind of topic is discussed numerous times in this forum, but the thing is, if this kind of advice doesn't reach those traders that don't lurk here, then how can they know what they should do?

The major issue arises from the pressure of time; traders fear missing out on potential profits while still learning to navigate the market. It's high time people started paying attention to products like Smart Trend on CEX platforms. With features allowing users to select market directions and automate trades, they can focus on honing their trading skills.