Don't rush you will still win

[Sobz]

Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.

[_act_]

New traders are losing. That is just the fact.

Do you know the worst part? They may think they know about trading after they have traded some coins and making money from it every time. They will be tempted to double their money or even increase their leverage. Then the loss will begin.

The traders that did not lose too much in the begining are using just little amount of money which is very small.

[OcTradism]

Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade.

Rushing to teach others about trading when you are a newbie is not good.

My assumption is you are actually a newbie and your member rank truly reflects what you knew of the forum, Bitcoin and cryptocurrency market as well as trading. If you are not an authentic newbie, my assumption is wrong and this opinion is wrong too.

Newbies Stop Teaching When You Need To Learn.

[EarnOnVictor]

I would have loved it if you could use "May" instead of "Will" in your title, for this context of "Will" often puts traders and intending traders into trouble as if they still have some undeniable successful future in trading but it is not as easy as that.

Some traders will never make it in trading whether we like it or not and this advice of yours should not be limited to newbies alone but for every trader, there is no reason to rush, patience is a virtue.

[Charles-Tim]

Some traders will never make it in trading whether we like it or not and this advice of yours should not be limited to newbies alone but for every trader, there is no reason to rush, patience is a virtue.

From the findings that I got in the past, 10% of traders are the traders that are making money from trading. I guess these traders will use averaging with small amount of money and they may not even use leverage at all. What they gain may not be much but their trading plans are for how to avoid losses. According to recent research, 80 to 99% of traders are losing. Which means most traders will not make it from trading. Many of the traders will only trade to lose continuously until they are tired or have responsibilities to use their money on instead of wasting it on trading.

[terrific]

It is better to go slow with trading and be consistent as beginner than to be very fast.

I agree.
This is 100% better than someone who's in a hurry to learn everything. I am afraid that not everyone can learn quickly and in trading, you don't do that.
That's because you have to be careful in there and every loss you make, you have to have something out of it for you to learn.
Take steps little by little and slower so that you won't make a lot of mistakes at the beginning. And each mistake you make as you start, will certainly going to be one of the foundations that are building these newbie traders.

[Coyster]

This has been discussed so many times in this forum and on this board, if you don't understand how to trade and you are new to the concept, then you should not trade. It is wrong to try out trading when you are not so sure of what you are doing. Don't get me wrong, i am not saying people who have been trading for a longer time are guaranteed to make money, no, they lose a lot too; but you stand a better chance succeeding at trading if you learn the skill first.

[SamReomo]

New traders are actually not traders at all because they know nothing about trading and want to make profits no matter what. Some of them use leverage to earn so much profits within short period of time and with that approach instead of making money, they end up losing it.

A newbie should try his/her best to observe the market and monitor it carefully for a few weeks and once he/she understands the volatility of the market only then he/she should go for trading. We all know that trading has its own risks and a newbie often doesn't understands a bit about those risks and keeps daydreaming about being rich from trading.

[Maslate]

This is why newbies should accept the fact and internalize that patience is the key factor to win in trading. If they show no patience, that means they have no time to research well, and harness their strategies and skills in trading since they end up rushing in trading and lose their funds in an instant. If only they will understand that market condition varies and keeps changing, then they will probably realize that it’s essential to wait for the right timing to trade so they won’t end up trading at loss due to lack of trading knowledge and market analysis.

[2Pizza410000BTC]

You can't rush on trading platform, but you shouldn't rush anything. Haste does not bring a good solution especially if the trading platform is rushed then never a trader can profit. Here you have mentioned only the issue of haste, I would like to mention a few more points that all the strategies that a trader does not follow can cause a lot of damage in trading, one of them is excessive greed and emotional trading. People lose most money on trading platform due to excessive greed so greed should be eliminated from trading platform first. Moreover, trading platform is not easy that you can earn money from here very easily, trading platform is a difficult platform and it is very risky to earn money from here. So to earn money from here you must earn by gaining maximum experience.

[mirakal]

Nobody is exempted from losing OP; all traders experience such things, even old and experienced traders. Maybe we could say that newbies often lose more, but they should not have put this as an excuse, as this is a way to minimize it by acquiring knowledge first before trading. 

And that is right, we should never take trading too easily; we must understand the risky nature of which learning should be prioritized. We take into consideration the shared experience of old traders. Perhaps they are giving us some ideas about what we should do. If we want to succeed, then we must also change our behavior and trading approach. Having smart thinking would always do us a favor, not failure. 

[Kelward]

I would have loved it if you could use "May" instead of "Will" in your title, for this context of "Will" often puts traders and intending traders into trouble as if they still have some undeniable successful future in trading but it is not as easy as that.

Some traders will never make it in trading whether we like it or not and this advice of yours should not be limited to newbies alone but for every trader, there is no reason to rush, patience is a virtue.

You're right in your correction on the subject of this thread, using the word WILL implies that if you don't rush that you'll be successful in trading. The word MAY should have been more appropriate because it'll clarify that if you don't rush that you have better chances in trading, but I guess that it's just a grammatical error.

Many newbies don't know that crypto trading is hard, they think that it's a get rich quick scheme where they'll put in money and start getting returns immediately. Most of them learn the hard way after losing their funds due to impatience and not using the amount that they can afford to loose. It's after encountering loses that they'll see the need to first understand the fundamentals and technicalities of trading before entering it. The fact is that crypto trading is not for everybody, people who are not prepared to diligently learn how it works will be having far more loses than profits.

[Rruchi man]

Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.

If you're still afraid of losing your own money in trading, then it is advisable that you start practicing with the demo opportunity where you could trade the market and not lose any of your personal funds. There are new traders, however, who are financially capable and have some money to lose. They may be okay with practicing trading with their real money using small lot sizes. Some will say it will make them more serious about learning since there is a consciousness that they will lose more of their money if they do not learn properly.

The goal for a new trader should also be about long-term success, and that will come from proper knowledge.

[Die_empty]

New traders are losing. That is just the fact.

Do you know the worst part? They may think they know about trading after they have traded some coins and making money from it every time. They will be tempted to double their money or even increase their leverage. Then the loss will begin.

The traders that did not lose too much in the begining are using just little amount of money which is very small.

Your observations are very correct. Some beginners in the trading field don't want to be patient enough to learn the requisite trading skills. They are always in a haste to start trading. Starting with a demo trading account is important, but due to a lack of patience, they want to start making money immediately. Starting trading with a small amount is necessary because beginners are bound to make mistakes.

This has been discussed so many times in this forum and on this board, if you don't understand how to trade and you are new to the concept, then you should not trade. It is wrong to try out trading when you are not so sure of what you are doing. Don't get me wrong, i am not saying people who have been trading for a longer time are guaranteed to make money, no, they lose a lot too; but you stand a better chance succeeding at trading if you learn the skill first.

The virtue called patience is gradually dying. People are mainly attracted to get-rich-quick schemes. Some of these newbies assume that trading is designed to make people rich overnight.

[Zaguru12]

If you're still afraid of losing your own money in trading, then it is advisable that you start practicing with the demo opportunity where you could trade the market and not lose any of your personal funds. There are new traders, however, who are financially capable and have some money to lose. They may be okay with practicing trading with their real money using small lot sizes. Some will say it will make them more serious about learning since there is a consciousness that they will lose more of their money if they do not learn properly.

The goal for a new trader should also be about long-term success, and that will come from proper knowledge.

The thing is as a trader you need to find a way to practice first before going into real life trading and that’s where demo accounts come into play, also when trying to master a strategy you can use demo accounts for your set ups but this also had been made easy by platforms that allow backtesting so you don’t need any demo again.

Now to anyone not comfortable to losing money in trading then I don’t think trading entirely is your thing because no matter how you practice demo you will definitely lose money in live trading the only thing is how well you are able to handle those loses that set traders apart. You can never attain that psychology needed to live with your loses if one do not go live.

[GiftedMAN]

Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade.

Rushing to teach others about trading when you are a newbie is not good.

My assumption is you are actually a newbie and your member rank truly reflects what you knew of the forum, Bitcoin and cryptocurrency market as well as trading. If you are not an authentic newbie, my assumption is wrong and this opinion is wrong too.

Newbies Stop Teaching When You Need To Learn.

Some people may argue just like they did when I created the topic encouraging newbies to learn first before teaching others, imagine a newbie giving his fellow newbies advice on trading when there's no evidence to back it up will that not be too funny? You may know what you want to teach but being since you are new to where you just got into it is expected that you learn until you get to some certain level before you showcase you knowledge by then you must have had some evidence to back up your teachings.

@OcTradism, good job for remembering him to learn more before teaching others I believe he's going to learn and also work on teaching others what he has learnt as he keeps growing in knowledge and rank.

@Sobz, it is advisable to gain knowledge first before going into any business or investment not just in trading but if you decide to trade when you are not knowledgeable just know that you are gambling and not trading because the aim of every trader is to maximize profit not loss.

[BABY SHOES]

Being in a hurry because the beginner starts easily in small capital trading because he feels that he has made a profit and then increases the capital and trades again this is like hasty trading, he will not know how difficult it is to trade and this will not be easy if he does not learn.

Trading requires experience, skills, coin analysis, research and many more if this is not mastered, believe me your trading will be difficult because there are many combinations in the skills that must be applied.

As a beginner of course learning is more important, even some people say it takes years to understand everything even though it's not perfect, but with professional traders he said he had experienced many events that made himself a big loss but in the end he chose and trading became profitable for them.

[ndutndut]

Rushing trading as a newbie have been the main reason for lose of money, we always want to gain the profits even in the first trade. I know the ultimate goal for every trader is to make profit in trading but since newbies are not very familiar with trading it is better not to rush it because taking your time to learn trading will help in reducing lose due to lack of understanding. It is better to go slow with trading and be consistent as beginner than to be very fast. Rushing trading is not very bad though, with the interest to learn fast can also make new traders to know what they want about trading but it will cause so much lose of money. For the fact that trading is very risky especially for those who are new in it, it is better not to rush into it. Take your time to learn even if it will cause you to be slow, it will help to reduce loses as a beginner. When loses are not much for a beginner it is a good experience for trading as a beginner.

In addition to being too hasty, a beginner must also be able to avoid emotions because most human nature wants to quickly cover losses quickly with quick profits but that is what causes us to lose more. So the point is that every beginner must also have good trader psychology such as having patience, and remaining consistent with their own methods. Start from the beginning again like when you first traded, and don't repeat the mistakes that made you lose.

Trading psychology will grow stronger along with the process of falling and getting up again that we experience ourselves, not the theory that we get from others. In other words, trading psychology can only be built when we experience it ourselves in the market.

[Webetcoins]

We already talk about may things related to this because we all know if we will do decisions in panic then surely we will lose as happening and usually this happening to newbies because they are doing things which are not suitable, and they are not searching or having any data for having things for well understanding newbies usually jumping without any proper way, and they are losing experienced traders are having all things so they never do anything in hurry or having any decision for rush.

But, if someone want to jump into trading then surely he needs to go ahead with solid base and done proper work before having things to needed for good trading in last few months we have too many newbies lost their money due to wrong decisions or having things not well understand before having investment.

[stadus]

Newbies who decide to trade have only one destination, losing at the end of trading. This is the reason why I don’t suggest trading for newbies because trading is not all about luck but certainly experience and skills, and if you don’t have that, it’s better to just focus on acquiring knowledge and exploring the market through observing those experienced traders. Don’t make trading more hard and complicated, just trade only when you have skills and strategies that will really work in trading in the market. That way, you will minimize losing from the market and have more chances to trade more often.