advice for a beginner

[Oshosondy]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Definitely you are a spot trader which is not as risky as future trading. If it is future trading, you will have lost all the $100 as using leverage will tempt you.

Just continue to learn about trading and use the amount of money that you can afford to lose to trade. The more you trade the higher the experience that you will have. You can be taught about trading but you can not be taught how to make money from it you will need to get that yourself. Be patient and do not trade with higher amount of money.

You literally just started a month ago. Most people don't earn from their trading for years. Trading is really not something you can expect to earn money early on.

Some people will trade and lose and continue to lose until they stop trading. Trading is very risky even than some people think.

Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up.

You trading doesn't mean you can't have a long-term portfolio. You can do both trading and investing(as most successful people in this space do).

If I should tell you the truth, I have been trading for over 3 years, holding is far better than trading.

[|MINER|]

If you are new then it is better to stay away from your trading.  Because it is very risky to invest without acquiring sufficient knowledge about trading.  Since your losses are more than your profits, it means that you don't have enough knowledge about trading.  You need to master trading first and follow those who are very good at it.  Learning trading is not easy but not impossible.  If you work hard and give enough time to trading you will also become good at trading.  First of all you need to be patient and have adequate understanding of market analysis.  Also know when to hold and when to sell.

[YOSHIE]

You need to know that in crypto trading, as far as I know, there are three methods, margin, future and spot. These three methods are not the same, of course you have to have someone who is an expert in crypto trading before doing it yourself, to avoid real and bigger losses.

YouTube or videos are not real guidelines for those of you who want to trade in the crypto market, the appearance of YouTube that you watch is mostly edited, meaning you only talk about real things and profits, If you follow the instructions in the video, it's clear that it's a fatal mistake for a beginner, you need guidance, it's a long process, it's not as easy as turning the palm of your hand.

The futures trading method is contractual in nature, which means you have the opportunity to be in a long or short position, while margin tends to be more leveraged or interface trading, while spot trading is almost the same as buying and selling investments, Spot is more real where you can buy when the price is low and sell when the crypto price is high. The point is that these three trading methods must have basic guidance, so that you understand how to trade further, don't just guide on YouTube.

[Tmoonz]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Well the did has been done and  I will assume that what happened to you should be a lesson because at some point experience happens to be the best teacher to those that are wiser. However, trading can be very complex even to old and experience ones and most times they have losses let alone a newbie, trading requires a lot of technical skills and analysis and of course you don't have to trust any you utube instructors or influencer most of them are being paid and there are a lot of edited work, alot has been said by other mates draw your plans on how best you have to go about this considering our response, that you think will be the best for you, I wish you the good luck.

[husencoe]

Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up.

I thought you were talking about the increase that has occurred in memecoins.  Maybe they were lucky in following the hype. No one can predict for sure what will happen tomorrow, they just take advantage of the existing momentum. And this requires more insight to find big news and take advantage of something that is going viral, and this is a very risky thing. 

In trading, never be greedy, because greed will only make you lose a lot.  I think you have good progress regarding your income.  Continue to keep your emotions in check and keep learning to recognize various indicators.  If you can follow the indicators, you will be ready even for a bear market.

[boyptc]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted.

It's okay, don't expect too much as you're starting. Use those losses as experiences and lessons that you'll extract to be a better trader soon.

Enjoy and trust the process, you're already there and it's just a matter of time until you recover it and that's why all you need to do is to accept everything that's happening to you as you start and don't expect something big yet.

Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Two things, they DYOR and they are lucky and it's fine, your English isn't bad as mine.  

[Stepstowealth]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me?

You are lucky that you already have not lost everything you invested. Most new traders do not start of trading with real money, they demo trade for some months before they have the confidence to actually trade the market.

I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost.

If you still feel lost even with the many youtube videos that you have watched maybe you should try and get a mentor, someone that you could always meet up with to discuss challenges and ask questions, or join a community of traders locally so you can always ask questions and feel among people who have the same interest like you. This forum can help but because this forum does not strictly discuss issues concerning trading alone, you may not learn as quickly as you will if you are part of the group of people whose everyday discussion is strictly on trading. This people may be on whatsapp or telegram or even an offline group.

[Mahanton]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

1. Learn the basics
2. Learn Technical and fundamental analysis
3. Check out other traders analysis that you could apply to yourself
4. Emotion control
5. Risk management
6. Greed control
7. Patience

Learning trading is never been that easy and its never been that not too short for you to be able to get grasps on.
Once you do rush up yourself on learning it then you would really be prone into tons of errors or mistakes. You should really be having that
different approach. Mistakes are the best teacher and instead on complaining then it would be better that you should look back and sees up
on where your trades do become wrong.

[BABY SHOES]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

It is natural that you lose this process in your learning of the trading that is done, people take a long time to be skilled but you should not always want to quickly understand all because I myself until now still do not understand the previous trading pattern, this includes analysis, fundamentals, patterns and reading other charts.

And that is the risk of trading where you can lose in a short or long time but when you start with the investment way then it will be simpler to buy then HODL but more advice to BTC.

But because of your desire to trade then keep learning, let that $100 lose half of it but you will gain more insight because that's more important right?

Trading just don't be greedy just be more disciplined.

[RockBell]

If you are new then it is better to stay away from your trading.  Because it is very risky to invest without acquiring sufficient knowledge about trading.  Since your losses are more than your profits, it means that you don't have enough knowledge about trading.  You need to master trading first and follow those who are very good at it.  Learning trading is not easy but not impossible.  If you work hard and give enough time to trading you will also become good at trading.  First of all you need to be patient and have adequate understanding of market analysis.  Also know when to hold and when to sell.

Staying away is like discouraging the person from even learning but you have advised them on steps to take before starting trading because you can not job does steps i see a lot of brilliant traders but all they need is the right knowledge even if they are few they are still ready to take what ever challenges it will come with. We are aware of the risk it comes with but anyone interested should be encouraged we all started from somewhere. And great profit comes with greater price and that is knowledge if they want to be good in trading they have to be serious. And losing money happens to all traders its just to know how to reduce your own risk of losing money. If they decide to even get advice from good traders it will help improving their trading skill. And that is one common thing with traders we always love to learn from one another. Its most about how serious and how patient you are because not always you will get what you want.

[MFahad]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Hi.
You are not doing it in the right way. You were not supposed to start trading first and then try to learn whole doing that because the first step should be learning. You joined a month ago, and you have started trading already, which means that you didn't focus on learning at all because as far as I know, one cannot learn everything in a month and become able to make trades after it.

What you need to do is stop trading for now, keep watching videos and reading from resources around the internet to make your base strong, then get into technical stuff, and once you have learned everything, practice it with a demo account somewhere to see if you have learned everything and remember it all. If you see good progress, then you can start making trades again.

Good luck, and your English is fine, don't worry about that. 

[stadus]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

I guess you have the wrong mindset, as in any endeavor, specially trading in a market that is very volatile, you might end up that $100 in an instant. And you are lucky that you just lost $40 yet. And that is the real face of crypto trading, again, it's very volatile and there are many entities, like pump and dump group, (maybe you might have heard about them).

I guess you need more experienced, and maybe treat that $100 as most likely you will have to lose it just to get that needed experience. And that's why I think that crypto trading is not for everyone, as it might not be good for you mentally to see losses after losses. But in any case that you really dream of becoming big in trading, then learn from your mistakes and really learn technical analysis.

Losing will always be certain in trading, that even long time traders are still losing on their trades. Most particularly for beginner traders, expect that profiting from their trades is actually harder than it is. That is why never anticipate profits if you know you are still learning in the process, expect losses instead.

However, trading can always be learned in time. For now, focus on learning its technicalities and also learn from the experiences of early traders. And as I’ve always said, experience would always be the best teacher. So trade and lose, that’s fine with beginners.

[Ndabagi01]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Trading is not a get-rich-quick scheme, and if it were, more people would have tried it instead of simply investing in some coins and holding on to them until they became profitable. Trading requires a lot of patience and learning, and if you can't put up with that, you should not start trading because it will have a negative impact on your psychological mindset and make you believe you can't do it. You've only recently started trading, so one month isn't a long time to be this good and profitable. Keep learning as you improve, and develop a strategy that works best for you to follow and stick to as you progress to be that profitable trader you’ve always wanted to be.

[Bushdark]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

You have to be patient as a trader and you will need to ask questions so that you could keep getting it right.
There are so many traders in the market that are just like you having the same results even after they have been in the market for so long.
Although you have not lost much and you should try to know that there are some loses that are okay because that is what is going to educate us more about the market and make us stay safe without becoming too eager to trade in the market even when we are not getting a tangible results.
 

[justdimin]

I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

I think a lot of people lose money when they first start out, that is just how it is. Work towards making more later on and learning more and be better. I understand that you started recently and you went right into trading, considering the price didn't fall that much, not 40%, then I am guessing that you picked some terrible horrible tokens or coins, because nothing I am checking went down that much anytime in the recent years.

This should be the most important thing and I believe that we are going to do fine. I know that it is going to be fine, but the way it is going right now, I would assume that it is going to be something we could probably assume as normal and not really do anything marginal about it, it is just the way it is.

[PX-Z]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

That's good experience, are you day trading? The question on what crypto? tokens? Do you have bitcoin invested/hodl? I suggest to get some just for holding, well, just make a timing when to buy as current btc is not stable and still to high if you ask me.

- Go on famous or top 10 on cmc for holding.
- Experiment on some meme coins and other tokens for your trading, you can get 10x profit and its the same time you might loss them overnight, yes, it's risky, but that's how trading works, you just need to choose and manage your risk.

[mirakal]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

You can’t expect to win good profits if you are still new into trading. In fact, even experts in trading still lose in the process. So how much more if you trade with less experience and less acquired knowledge in trading. My advice to you is do not jump into trading but learn to DYOR and study analyzing the market first and seek for a demo account first. That way, you can prevent yourself from losing too much.

[Denamen]

The easy thing I want to tell newbies when trading is to not go all in at first. The longer you can stay, the more you can understand the market by yourself. It is better than just reading things on the internet because sometimes the best things are learned through experience.

[Negotiation]

Trading must be done with patience and can't jump into crypto trading without setting any goals may upset your investment and may not prove to be cost effective and profitable. A well-planned goal helps you navigate crypto trading with caution. Before jumping into crypto trading you should have a clear objective in mind. The objective should not be driven by the fear of missing out or the desire to make a quick buck. A long term approach will give you better returns.

[Kelward]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

You have to understand that crypto trading is hard and not a get rich quick scheme, so it's not as easy as many people makes it to seem, so people enter it thinking that it's easy until they lose all their trading capital, before they realize that it's not what anybody can rush into. Aside from the YouTube tutorial that you're getting, it'll also help if you have an experienced mentor to guide you one on one, so you can gain from their trading knowledge. Overall there are some trading tips that you need to know as a beginner, don't be greedy and over trader, don't be an emotional trader and trade with the amount that you can afford to loose, as you're in the learning process.