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Author Topic: Do not be discouraged while learning to trade.  (Read 667 times)
stomachgrowls
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July 17, 2024, 07:32:57 PM
 #61

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.

Someone who is ready to learn shouldn’t be discouraged; he should be ready to risk anything he can afford to lose in trading because trading is very hard, especially when you know nothing about it. For the fact that you are ready to learn, definitely discouragement should not be something you will even think of doing because it will make you leave the hustle and think it will not favour you in the long run, and what you have lost will go in vain; you won’t get them back.

But as a trader who really learns that when you start earning, you will get what you have. Trading is a profitable skill that makes many people rich today, and I believe those people did not feel discouraged; they believed in themselves, which made them reach where they are now. So as a new trader who wants to be a successful trader, you need to believe in the craft, and you will make it. Other profitable traders also do the same thing.
On the time that you do decide to step into this field then you should really know on what you are dealing with because on the time that you would really be experiencing those shit conditions or moments then you had already made yourself that wary about those probabilties then you wont really be that making yourself that get shocked at the moment that it do happens. This is why it would really be something situational on this aspect because not all people would really be like this and they would really be acting out through it and would be accepting on whatever conditions that they would really be able to encounter.
This is why it would really be best that on the time that you do lose money then you shouldnt really be that easily get that discourage or simply quit just because of it.

We do know that mistakes do happen and something inevitable, the key on here is that you should really know on what are the things that you should gonna do and with those mistakes
then it would really be teaching you up to be something more better on the next you do able to encounter those moments. The longer you do make out such engagement
then the better learning you could be able to get, this is why it would be that absurd that you do quit up so easily.

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July 17, 2024, 07:37:47 PM
 #62


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.


The truth about trading is that it is very hard to learn, and it's worth discouraging sometime that you are not seeing progress in what you are learning. However, one thing you need to consider is that you should not be discouraged. When you ask yourself if it is not the same human beings like you who are learning trading and making progress, in fact, making a good profit in the crypto industry, then why should you be discouraged? Instead of being discouraged, you should add more seriousness to your efforts.

One truth about trading is that despite its difficulty, once you gain proper knowledge and skills, you may start making profits from it. Knowledge is what someone needs to become a good trader.

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July 17, 2024, 08:19:54 PM
 #63

It is not difficult if everything planned is implemented in behavior. Why do some theories put intention at the top among the many other necessary things that are included in the list regarding successful ways in trading, because intention is the driving force behind someone being willing to take action.
It is true that in the learning process nothing is easy and by learning no one remains in ignorance.
This intention can cover all directions, including curiosity and a desire to learn more, because without intention other things will also be difficult to happen because there is no desire to try to do them. Personally, I also always learn from various education about trading so that I don't take the wrong steps even though the basic advice is to buy at the bottom and sell at the top. However, carrying out this is certainly not easy because market conditions are not always the same, so everyone also needs to learn about market fluctuations and things that can influence the market so as not to immediately make purchases in sideway market conditions.
Those are the people who think that we should be doing something that will take a while, and I think it should be considering how to grow stronger and better. If you have this curiosity and desire to learn more, then you are going to end up making more money from it as well. This doesn't mean that everyone will, it just means that it makes it better.

Some people seem like they are doing something that is interesting, and I am not sure if I think I will ever be that much curious about trading, but if you are then you have a chance. The alternative is doing it only for the money, and not be interested in it, and that would not be all that great, and this seems like the issue, if you doing it only for the money, then it is not going to be fine.

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July 17, 2024, 08:48:12 PM
 #64

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.
You are correct with what you said. Sometimes looking at others people success in trading can be a distraction that can make one to trade with some amount of money that one won't be able to afford. One of the first way of making it in trading is to have the understanding that trading is all about learning and to understand that having a better result in trading takes some processes. Getting discourage about trading because of not getting positive results is not a good one. When trading is becoming difficult the only option as a trader is to learn more, seek for more knowledge to become successful in trading.

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July 18, 2024, 03:07:03 PM
 #65

You can be a professional trader soon but you need to take a lot of hard work through reading alot of trading information related by this you seek a different strategy on your own that if it's suitable and effective to you. First step is one of the hardest step it's too vague, too broad, too many jargons but sooner or later with your journey you are now getting familiar and understand what are the things you need to consider to make an efficient trader. Keep learning so keep doing progress every step at a time counts.

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July 18, 2024, 03:56:33 PM
 #66

Any beginning requires training. It is impossible to become an experienced trader overnight. However, many new people who get acquainted with trading think that they can simply copy other people’s transactions and thereby immediately receive both financial benefits and experience. Haste, without knowing and developing your strategy, will be the worst quality of someone who does not have patience, but those who go through all the basics, carefully checking their mistakes, will achieve success.

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July 18, 2024, 07:53:17 PM
 #67

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.
Your message is centered in the work patience which is what our new traders are lacking.

Every successful trader you will see today must have gone through the learning stage which includes acquiring knowledge about trading itself and cryptocurrency generally; but our new traders are eager to make money which is why they tends to skip the learning processes and go for copy trading from some experts thinking it will better for them to make money easily not knowing that they have lose before they can gain. This advice of being patient is very important and it will save newbies money from going fast.

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July 18, 2024, 08:33:17 PM
 #68

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.
You are correct with what you said. Sometimes looking at others people success in trading can be a distraction that can make one to trade with some amount of money that one won't be able to afford. One of the first way of making it in trading is to have the understanding that trading is all about learning and to understand that having a better result in trading takes some processes. Getting discourage about trading because of not getting positive results is not a good one. When trading is becoming difficult the only option as a trader is to learn more, seek for more knowledge to become successful in trading.
Actually its not a distraction if you do really just that make yourself having that kind of own goals and targets or simply making those things as your inspiration. Not all people who do look into someones success does mean that they would really be that being too hopeful but honestly it cant really be avoided on having such approach on which we know that when it comes to this then we want also on being profitable.
This is why its not really that bad on making yourself on having those kind of projections too or simply making them as an inspiration because if you wont be targetting yourself on having those kind of goals
then you wont really be that persevering on moving forward since you would really be that definitely making yourself having that kind of none good feeling towards on the current things that youve been into.

Discouragement and hesitance would really be there specially if you are really that making some losing trades on which its normal because we do know that when it comes to certain
conditions on which market unrepdictability will really be always your main encounter on things on which if you dont know on how to handle up your emotions then you would be ending up on
quitting so easily.

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July 18, 2024, 09:22:51 PM
 #69

The truth about trading is that it is very hard to learn, and it's worth discouraging sometime that you are not seeing progress in what you are learning. However, one thing you need to consider is that you should not be discouraged. When you ask yourself if it is not the same human beings like you who are learning trading and making progress, in fact, making a good profit in the crypto industry, then why should you be discouraged? Instead of being discouraged, you should add more seriousness to your efforts.

One truth about trading is that despite its difficulty, once you gain proper knowledge and skills, you may start making profits from it. Knowledge is what someone needs to become a good trader.


Nothing good come easy and that is one of the reasons people are always making excuses not to learn how to trade and if it is something that you have passion for even if its hard you will still want to learn and people that are making statements that it is hard are only making excuses. And those that are already learning plenty of them their mind is focused on how they can make money from trading. A lot of them have people they look up to that might help them continue also to learn more. The way we learn things differ. When you start and you are not making money at first you will get tired and that is the point some people get to and they will lose interest. But they forget that they need to be patient enough before they start making profits. The truth is that even if you gain all the knowledge you can get it still does not mean you will get instant profits that is how crazy trading can be somtimes. Just better to prepare the mind before starting.

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July 18, 2024, 11:13:30 PM
 #70

One truth about trading is that despite its difficulty, once you gain proper knowledge and skills, you may start making profits from it. Knowledge is what someone needs to become a good trader.

You also need a good amount of capital to be able to make profits. There's no successful trader that started trading without a good capital as you aren't going to be making profit as soon as you start trading. There will be difficulties in the market that you wouldn't be able to win since you are new but as you have capital, you can always start afresh and learn from your early mistakes. Any trader without a good capital is going to get discourage from trading therefore you have to look for other jobs before you decide to take interest in a trading profession. Knowledge is the basics of trading but having a good source of capital will help you alot.

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July 19, 2024, 08:30:12 AM
 #71

I believe that many things people are trying to show off as a natural gifts are more often the results of hard work and trial and error. We all have doubts and times where we just need to take a deep breath and think about what went wrong and why. The main thing is to keep going, striving to become better in what drives you and makes you happy.

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July 19, 2024, 09:36:40 AM
 #72

I believe that many things people are trying to show off as a natural gifts are more often the results of hard work and trial and error. We all have doubts and times where we just need to take a deep breath and think about what went wrong and why. The main thing is to keep going, striving to become better in what drives you and makes you happy.
I can agree with the phrase keep trying to be better and that should be considered a gift to everyone in this world. But in terms of showing off, I think it's really unnecessary to do this because not everyone will be happy when you start to be successful and also not everyone will worry when you are still not successful. So just stay away from the thought of showing off because you don't need to think about it other than continuing to try to be better which can eliminate your doubts when facing new things and also changing trading market conditions.

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July 19, 2024, 06:38:27 PM
 #73

Trading is not easy and if it was that easy, everyone would have love to become a trader and find the best way to multiply their income. Nothing worth it comes easy and you have to make some sacrifices into something before you can become successful in them. Traders that have not lost money in trading are easily the ones that give up on trading easily. And by giving up is better for them because one of the qualities of a good trader is to loss money and also find a way to learn through that loss. Those that have loss money in trading are not easily convinced to leave trading, they thrive till they make it a success in their life to be profitable in it for life.

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July 19, 2024, 09:58:40 PM
 #74

The truth about trading is that it is very hard to learn, and it's worth discouraging sometime that you are not seeing progress in what you are learning. However, one thing you need to consider is that you should not be discouraged. When you ask yourself if it is not the same human beings like you who are learning trading and making progress, in fact, making a good profit in the crypto industry, then why should you be discouraged? Instead of being discouraged, you should add more seriousness to your efforts.

One truth about trading is that despite its difficulty, once you gain proper knowledge and skills, you may start making profits from it. Knowledge is what someone needs to become a good trader.


Nothing good come easy and that is one of the reasons people are always making excuses not to learn how to trade and if it is something that you have passion for even if its hard you will still want to learn and people that are making statements that it is hard are only making excuses. And those that are already learning plenty of them their mind is focused on how they can make money from trading. A lot of them have people they look up to that might help them continue also to learn more. The way we learn things differ. When you start and you are not making money at first you will get tired and that is the point some people get to and they will lose interest. But they forget that they need to be patient enough before they start making profits. The truth is that even if you gain all the knowledge you can get it still does not mean you will get instant profits that is how crazy trading can be somtimes. Just better to prepare the mind before starting.
The main mistake on here is that they've been expecting positive things to happen right away without even considering the potential risks that they might encounter.On the time that they do lose money
then those impressions would drastically changed up and the worst, it would really be something that makes them quit before they would really be able to learn up something.
Mistakes or errors are part of learnings and this is something that you should really be putting up into your mind so that on the next time you do make trades then you do at least know on what you
would gonna do or simply you are already wary on the things that you would really be doing. Learning would really be that an endless thing and as you do able to get that experience then you do become
that even more better as you do go forward. There are people who are persistent and dedicative but there are people who do easily just give up on the moment that they would be facing up tough challenges or
bad conditions.

If you do persevere on learning trading then it would really be just that depending on you, because not all would really be able to survive with this volatile space.
If you could be able to handle such condition then its good but if not then find another places or path that you would really be taking.

R


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July 19, 2024, 11:27:53 PM
 #75

Trading is not easy and if it was that easy, everyone would have love to become a trader and find the best way to multiply their income. Nothing worth it comes easy and you have to make some sacrifices into something before you can become successful in them. Traders that have not lost money in trading are easily the ones that give up on trading easily. And by giving up is better for them because one of the qualities of a good trader is to loss money and also find a way to learn through that loss. Those that have loss money in trading are not easily convinced to leave trading, they thrive till they make it a success in their life to be profitable in it for life.
Hence, getting discouraged out from trading losses and quit after is never a reasonable one. Everyone who trades has suffered from inevitable losses, but if you end up getting discouraged and leave trading eventually, the you are losing your chances to recover your previous losses and future gains.

A good and ideal trader should never act like that. Instead, be more mindful everytime you commit losses and find out what makes you lose, so that when you do trading next time, you will never repeat the same mistake again that push you to lose your funds. There's no perfect trader and everyone gets discouraged at some point, but that should not be enough reason to quit and leave your trading goals as easy as that.

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July 20, 2024, 01:18:41 PM
 #76

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.
Learning something is not really easy and it takes a dedicated mind to keep motivating himself and not get discouraged along the road. In life God made everyone to be different and we all have a different path and when some are doing so well in certain things they do it doesn’t mean it will be easy for you and they also might have had it rough at the beginning so getting discouraged because others are doing better than you is bad, they probably got better because they didn’t get discouraged about the learning process even when it was difficult for them. Beginnings are alway not smooth as you would expect but giving up will not make you grow a bit soo always have it at the back of your mind that there is light at the end of the tunnel. That should keep you motivated at all times.

Trading particularly requires vigorous effort and learning so you need to be prepared before jumping into it else you will just end up giving up. Those people you see doing well in trading didn’t feel discouraged with the learning process so you shouldn’t also if you want to be like them.

R


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July 20, 2024, 04:40:34 PM
 #77


One truth about trading is that despite its difficulty, once you gain proper knowledge and skills, you may start making profits from it. Knowledge is what someone needs to become a good trader.

The learning process and courage in taking action are of course very necessary in trading, gaining profits or feeling losses in trading will be the motivation in itself to become a skilled person.  Of course, improvements to minimize losses must always be paid attention to, the most important thing is to get used to it first and not give up easily so that you can produce the expected profit target.
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July 21, 2024, 09:05:59 AM
 #78

I can agree with the phrase keep trying to be better and that should be considered a gift to everyone in this world. But in terms of showing off, I think it's really unnecessary to do this because not everyone will be happy when you start to be successful and also not everyone will worry when you are still not successful. So just stay away from the thought of showing off because you don't need to think about it other than continuing to try to be better which can eliminate your doubts when facing new things and also changing trading market conditions.
I do believe that trying to be better is important, but I also think that all those "showing off" things started with social media world. Because if people share photos from their vacation, and they share their meal, and they share whatever, I do not think that we should be shocked that people would share their trading wins neither.

Everyone has their own thing, sometimes we see people share every little detail of their life, some people share even their trauma from younger age, so when we are not shocked (well can be shocked about that too but it's happening) about all of these, we should not be surprised that seeing everyone sharing everything, some trader may want to say they want to share their trades as well.

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knowngunman
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July 21, 2024, 09:55:24 AM
 #79

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.

A good motivation for people interested in trading but this part I quote from your post caught my attention. I don't think anyone who's ready to progress will see others achievement as a reason for their discouragement. In fact, seeing others making profit should be a good reason for someone to take their learning process so serious in order to become like them.

Trading can actually be discouraging to beginners especially when they venture into it with the mentality of making huge money from it. This mentality is the number one factor that push new traders away from trading when they fail to make what they expect from it. Trading is a gradual process that requires extensive learning before it can be mastered. No one is actually born with that skill, it take them to become perfect and everyone else can be like them with persistent learning and dedication.

R


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Jody.Drummer
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July 21, 2024, 06:47:47 PM
 #80

So far, I think this situation of discouragement is what ultimately makes traders who are new to the world of trading stop in the middle of the road, or you could say it's like failure, and what is worrying is that they have experienced many losses in the course of their learning process. This means that in my opinion it doesn't mean that trading is only for some people, but failure in trading is when you are discouraged and don't continue the process of your struggle. The conclusion is of course that if you have a strong intention and determination to continue dedicating yourself to learning then in my opinion there is nothing wrong with that. Possible.

As you said OP, traders who have now succeeded in achieving a lot of profits consistently are those who are experienced, meaning that everything started from zero, from not knowing anything about trading, but with the struggle and persistence within them in the end they were right. - truly feel that no process betrays the results.

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