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Author Topic: Do not be discouraged while learning to trade.  (Read 156 times)
Stepstowealth (OP)
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July 11, 2024, 10:31:56 PM
 #1

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.


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July 11, 2024, 11:19:34 PM
 #2

Even talents needs to be worked upon to make them presentable enough to earn from them. Giving up at any time because you encountered some failures learning to trade will only make you never get to the point of success. Every successful trader once suffered some losses which at some point felt like failure to them but t he beauty of the whole process is the lesson in the failures, when well learnt, they become a stepping stone to greater success trading, giving up shouldn't be an option at any point, always remember why you started and stay motivated but trading isn't a get rich quick scheme, it's a skill that need to be learned and applied properly to get the best of results off it.

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July 11, 2024, 11:21:41 PM
 #3

Great advice. Only the persistent one will have a story to tell in the end. As a new trader drop any sweet and beautiful expectations you may have developed because of watching other successful trades on the internet. If you don't want to be disappointed drop it. Have an open mind and in fact expect the worse to happen, expect that it is not going to be. If you do so, your mind will be getting prepared to handle these challenges when they eventually come.

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July 12, 2024, 05:06:35 AM
 #4

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.
It should not be discouraged for novice traders when they see experienced traders who are able to trade so well and are also able to generate profits more consistently at all times. Because traders who already have experience used to follow an unpleasant process and it didn't take long to become an experienced trader. So that novice traders should be more motivated when they see that experienced traders can continue to be profitable because beginners can also take the time to ask questions to people who are experienced in the field of trading while trying and continuing to learn fairly consistently.

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July 12, 2024, 07:12:55 AM
 #5

Most of the people trading is easy to handling. It not easy to process. Without trading knowledge lose the all money in trading. So learn the trading and study trading process and get the tardiest advise  that is you will this correct then note and utilize the trading processes. Trading is best investment but you need know about the trading process.

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July 12, 2024, 07:23:39 AM
 #6


why would you be discourage after seeing people around yoj are better traders?  seem the opposite will happen if a person is just trying to learn.

thr only time i got discourage is when i buy coins, the price goes down and so i sold them. after selling the coins, its also the time the price goes up.  this happens a few times until i really dig into how to read charts and indicators.

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July 12, 2024, 07:55:49 AM
 #7

A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently.
This is not true. If you are learning how to trade and you see on social media about how some peopke are making money from trading, that will let you think that you can do it too but it makes some people to go greedy as they want to be like those people and want to earn more money but which can lead to losses.

What I just know about trading is that you should not think about any other traders. You should not think about traders successes. Just focus on your learning. Start with small amount of money and be very  patient. Do not trade with the amount of money that you can not afford to lose. Learn more about risk management.

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July 12, 2024, 12:13:43 PM
 #8

Frustration, discouragement, etc...all negative things will appear in our mind and sometimes it ends up like quitting. Yes, it gonna be the usual feeling we endure upon trading and we all have this since we once become a newbie. Learning is not difficult to acquire but because most of traders are impatient, many have left and quit. We know it is not a desirable end we want to happen but of course, there is no sense of staying and continuing trading if we know that we are not comfortable anymore. That is why I would say that quitting is not a good option to take but sometimes we have to when we know there is no fulfillment of continuing this.

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July 12, 2024, 12:19:52 PM
 #9

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.


I also once felt discouraged because I experienced several losses in trading. but I try to introspect myself. And I discovered that I was not ready for this type of daily trading. because I had very minimal analytical insight at that time. So I changed the way I trade to become a medium and long term trader.  And from then on I felt I was suited to that type of trading. Although currently I am also being hit by several of my positions which are in minus condition due to the market correction which is quite far. Luckily I was confident with the coins I was holding so I didn't use a cutloss.

Trading is not as easy as influencers say. But trading must be learned slowly and should not be rushed. And profit and loss are things that we should consider as normal. It's just that we have to minimize losses and maximize profits because that is the goal of trading, namely to make a profit.

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July 12, 2024, 12:44:43 PM
 #10

Most of the people trading is easy to handling. It not easy to process. Without trading knowledge lose the all money in trading. So learn the trading and study trading process and get the tardiest advise  that is you will this correct then note and utilize the trading processes. Trading is best investment but you need know about the trading process.
learning to trade will take a long time if you want to become a professional trader, all experienced traders start from basic learning and don't necessarily get profits straight away, they will experience losses first, because it is difficult to learn the world of trading, everything requires a process, and from that process you To get good results, you should learn the basics first such as technical analysis, good risk management strategies and the fundamentals of the asset you are going to trade. Asking experienced traders for advice will also be very necessary to minimize losses and make wise decisions when trading. The point is when you are learning trading, you have to focus on what your goals are and trade with small money first, enjoy the process, don't rush to take risks by risking large capital. limit losses with stop loss

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July 12, 2024, 12:54:30 PM
 #11

We have to trade keeping in mind the risk of trade, but those who are not experienced in trade must trade carefully. Those who are new to trade must say to the newbies in trading they must have good knowledge about trade then trade. Many times it is seen that many newbies suffer a lot while trading due to their wrong decision so before trading they must have a long term plan and then trade. If we can trade patiently by having a long-term plan to trade, we will certainly be one of the successful traders in the future, and seeing our success in the future, more and more newbies will be more interested in trading.

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July 12, 2024, 01:16:38 PM
 #12

Everyone will lose some money or other in trading. It is not like a fixed monthly salary thing, it is speculative and is prone to market changes and how you ride those changes.

If the discouragement in trading is because of regular money losses happening in trading then go for dummy trading which does not needs money from your part and only needs your interest, time and some papers.

Patience is an important thing here, timing and getting the proper order in at the right time makes a lot of difference and since the market here runs 24*7*365 a lot of patience is needed to get that proper price booked.

R


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July 12, 2024, 03:09:58 PM
 #13

Do not be discouraged while learning to trade.
The difficulties in carrying out crypto trading activities are not only felt by beginners, those who are senior/old are also not immune from the risk of loss, therefore learning crypto trading is never-ending, because the volatility every minute/day is greater, Even though they have mastered the concepts and strategies of crypto trading, those who think long and hard, they don't give up and give up on learning, so that they know well the risks of losses that will occur.

My understanding in trading is that no professional trader can miss out on loss risk management when carrying out daily trading routines, for this reason the psychology of traders must be well honed at all times, To handle risk management that could happen unexpectedly, the more you learn and increase your knowledge of crypto trading, the smaller the risk of loss you feel.

R


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July 12, 2024, 04:00:17 PM
 #14

-snip- Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.
The sentence every old trader who is now starting to get satisfactory results in his trading activities should be used as a motivational sentence so that he does not give up when conditions continue to fail him. In this case I agree and I think it is correct. There is no such thing as not being able to do it if you have the intention to succeed and want it to be realized.

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July 12, 2024, 04:16:52 PM
 #15

Quote from: Stepstowealth
Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.
If you want to achieve your dreams, you must be ready to learn to achieve your dreams, and it will be difficult for you to get discourage in your learning because you know what you are going to achieve once you have the skills, which is the reason some people are in this forum today. Never you discourage when you are learning how to trade in the market because the more you dedicate your time and energy to learn, the more you will start getting the skill of trading until you begin to trade without the help of anybody before you can confirm yourself among potential traders in the forum. Just know that what you are going through today some old traders went through the same thing some years ago that made them who you wish to become in future, and for you to overcome any situation in your learning, have it in mind that nothing last forever.

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July 12, 2024, 04:49:31 PM
 #16

We have to trade keeping in mind the risk of trade, but those who are not experienced in trade must trade carefully. Those who are new to trade must say to the newbies in trading they must have good knowledge about trade then trade. Many times it is seen that many newbies suffer a lot while trading due to their wrong decision so before trading they must have a long term plan and then trade. If we can trade patiently by having a long-term plan to trade, we will certainly be one of the successful traders in the future, and seeing our success in the future, more and more newbies will be more interested in trading.
I have to consider the fact that we are dealing with something that will take time to learn, and that is why it should be the most important part, the patience. Because you do not have to be patient just while you are trading, but you need to have it when you are learning as well.

All of this combined does make things a little harder because you are asking people to be able to wait for years if they have to, not wait years to make a single profit, but you do expect them to wait for years until they are a good trader, and start to see positive trades mostly. This of course depends on the time too, some newbies start right on the bull time, and that's when they end up making bigger returns, and they think it will continue that way, I think that's even worse.

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July 12, 2024, 05:40:23 PM
 #17

Getting discouraged from trading is a part of the learning cycle. All traders learned how to trade because trading is a skill and not a talent and unlike talents that could be naturally in born with, skills have to be learned. A new trader can become discouraged about the learning process in trading when they see other more experienced traders doing so well and making profit consistently. Every old and profitable trader currently was one time a new trader and that should be something that we can draw encouragement from to continue learning until the time when we become the experienced traders of tomorrow that we talk about today.

You get to some point you will want to give up, like you said is all part of learning, it is now in the position of the person learn how to trade, because even if you have the motive of making profit is what everyone wants but their have to be sacrifice that must be made because their is a lot that needs to be learnt. The fact that is a skill all effort must be made. When I started learning I was even scared. And I learnt that consistency matters even if I fail I will still continue, learning as never been easy, but I said to my self that I will give my self the best because I already have a target of what I want to achieve in trading. And I feel like people that are into trading and also want to learn they should learn to encourage one another and also ask questions and help people that are lacking behind, I think that way people that want to give up will not want to because of the encouragement that they can do better.

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July 12, 2024, 06:14:43 PM
 #18

We have to trade keeping in mind the risk of trade, but those who are not experienced in trade must trade carefully. Those who are new to trade must say to the newbies in trading they must have good knowledge about trade then trade. Many times it is seen that many newbies suffer a lot while trading due to their wrong decision so before trading they must have a long term plan and then trade. If we can trade patiently by having a long-term plan to trade, we will certainly be one of the successful traders in the future, and seeing our success in the future, more and more newbies will be more interested in trading.
I think everyone already knows the impact of trading, there is a very big risk of losing your money. But not everyone can succeed at this job. Indeed, having a long plan as a learning process or foundation of knowledge is much better before we start our trading activities. It is true that sometimes patience can produce results or profits for us in trading, but that's not all, expertise is also needed in analyzing the market. From every failure you experience you can improve your analysis and from there we learn or from your valuable experience which makes you much better than before or you could say successful.

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July 12, 2024, 06:34:42 PM
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Great advice. Only the persistent one will have a story to tell in the end. As a new trader drop any sweet and beautiful expectations you may have developed because of watching other successful trades on the internet. If you don't want to be disappointed drop it. Have an open mind and in fact expect the worse to happen, expect that it is not going to be. If you do so, your mind will be getting prepared to handle these challenges when they eventually come.
Trading can be hard and quite complex at the beginning, most particularly for beginners, but if the courage and persistency to learn is always there, believe me trading can be a lot easier in the end. Take the process one step at a time, and never go for shortcuts as there’s no easier way to success. Trading is not all about having sweet and beautiful expectations, but it’s more than a nightmare if you enter trading without long term planning and good preparation.

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July 12, 2024, 08:27:12 PM
 #20

Encouragement is needed for everyone especially new traders and that's why posts like this are good. Encouraging new traders gives them confidence to keep pushing and learning until they become successful.  It's also important that traders are passionate about learning which gives them confidence also.

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