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Author Topic: New trader's must remember it.  (Read 1052 times)
rodskee
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April 13, 2024, 12:26:48 PM
 #101

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.

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I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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April 13, 2024, 04:44:06 PM
 #102


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.

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April 13, 2024, 05:06:29 PM
 #103


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.

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Nrcewker
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April 13, 2024, 05:18:16 PM
 #104

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.

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April 13, 2024, 07:00:26 PM
 #105

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...

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April 13, 2024, 09:50:00 PM
 #106

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.

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April 15, 2024, 03:21:26 PM
 #107

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.

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April 15, 2024, 04:55:45 PM
 #108

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.

I believe in Crypto| BTC Analyst| Trader in good Cex (Bitget and Binance)
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