Beginners mentally about trading

[lombok]

People having hard time with these results isn't really new, when you are a beginner you should be getting bad results and people are used to it by now as well. I know that it is going to be tough, but we can't make it work some other way, we need to just accept it as it is.

But when you gain experience, and start to learn more about it, you start to get better results as well. Of course this isn't a simple task, but if we can do what we want to achieve to do, then we are going to get a lot better results. Many people end up with bad results because they can't approach it with steady mind and calm emotions, too many people are frantic with their moves and that is the number one reason newbies end up losing money.

Well, yes, it does take some amount of patience and time in order to bring about learning process. Each of us has ever been in a situation whereby the outcome obtained is not as desired. It is not something that one has to fear or shy away from but rather something that is going to help us in finding better ground. In every single move that is made, there is always the prospect to enhance ourselves in skills. If we avoid and do not make hasty decisions most especially when it comes to creating or selecting new ideas then the chances of developing becomes very high. When a person is given a statement failure is not fatal they should understand that making mistake is not the end of the world. As you go on and especially without succumbing to unreasonable pressure you are better placed to get better results in due course.

[Baki202]

People having hard time with these results isn't really new, when you are a beginner you should be getting bad results and people are used to it by now as well. I know that it is going to be tough, but we can't make it work some other way, we need to just accept it as it is.

People don't always want to accept the result they get from trading, and it is very okay to fail or even lose money because so-called professionals also lose money, so accepting failing and moving on is growth, and that is what a lot of people don't want to accept. If you want to make money through trading, then these are few things you need to accept what ever comes your way.

But when you gain experience, and start to learn more about it, you start to get better results as well. Of course this isn't a simple task, but if we can do what we want to achieve to do, then we are going to get a lot better results. Many people end up with bad results because they can't approach it with steady mind and calm emotions, too many people are frantic with their moves and that is the number one reason newbies end up losing money.

when you gain more experience, you can even share your experience with people about losing but if you want to just quit the whole time you are losing, then the person is not ready to be a trader because there is so much risk involved You need to prepare your self emotionally so that you don't get drained and that is how you see the fun because people are always doing things with emotions. We know it is not easy to understand most of these things but having it under control will help us be a better trader.

[Questat]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days?

If he/she bought the asset during the right time, yes.

If he/she bought the asset during the wrong time, no.

 ¯\_(ツ)_/¯

Have you played a casino game before? It's going to be the same. You play a game with a house edge. You're a long term loser, but sometimes you could get lucky.

Well said. If he has been hodling ever since and yet it’s only now he decides to trade, then he’ll be making profits definitely. Even if he trades late, yet he has been buying already during bearish season, and decides to sell his coins during bullish trend, profits will be guaranteed, even if let’s say he’s a beginner trader.

[Mame89]

People having hard time with these results isn't really new, when you are a beginner you should be getting bad results and people are used to it by now as well. I know that it is going to be tough, but we can't make it work some other way, we need to just accept it as it is.

But when you gain experience, and start to learn more about it, you start to get better results as well. Of course this isn't a simple task, but if we can do what we want to achieve to do, then we are going to get a lot better results. Many people end up with bad results because they can't approach it with steady mind and calm emotions, too many people are frantic with their moves and that is the number one reason newbies end up losing money.

Agree with you. All traders must have experienced losses when they first entered the world of trading, it is common, especially since trading is an activity full of risk. However, you must learn from every failure in trading in order to be better in the future, this is what needs to be instilled in the mind of every trader. Because to become a successful trader, he must be able to learn from experience, and of course from that experience good emotional control is created and smarter in managing finances well.

With experience, you can learn to restrain yourself because in trading there is something called cut Loss, which is selling investments at a loss with the aim of preventing deeper losses. What is certain is that there is no trading that does not experience losses, especially beginners, it's just that we are able to learn from these losses to be better when analyzing or making decisions.

In essence, losses are part of trading, it doesn't matter if you experience losses, the important thing is that these losses can be minimized. Because in time, big profits will replace all these small losses, but on the condition that you must learn from experience and continue to hone your ability to read the market.

[Franctoshi]

The urge to profit quickly from the market has lured many newbies into trading to be thinking that trading is so and they dive into the market with the hope of milking everything without properly taking their time to study and understand the market dynamics. trading isn't a get rich quick scheme, it's something that takes your skills, knowledge and your experience to profit off the market and with a well deciplined approach.

[taufik123]

Well said. If he has been hodling ever since and yet it’s only now he decides to trade, then he’ll be making profits definitely. Even if he trades late, yet he has been buying already during bearish season, and decides to sell his coins during bullish trend, profits will be guaranteed, even if let’s say he’s a beginner trader.

However, it is necessary to keep those profits intact, as some beginner traders always want to try trading
with the profits they get without being willing to learn how to make the right trades.

Dabbling and in the end the profit is lost and even their main capital is used for trades that they do not understand.

It's not just about trading, but how to do good management for a trade.
Not using all your capital and securing profits from being taken by the market again.

[Ararbermas]

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

that's impossible mate, perhaps base on luck they can make profits on the first trade or second trade but one thing is for sure where in after that they will face a consecutive losses and blown their account. Coz beginners are too greedy and don't have patience and also having too much strategy that can turn winning trade into lossing trade.. so i for me that impossible coz to become really profitable you need to study hard and keep practicing which strategy really suit to you, and it really takes years not just days .

[hyudien]

The urge to profit quickly from the market has lured many newbies into trading to be thinking that trading is so and they dive into the market with the hope of milking everything without properly taking their time to study and understand the market dynamics. trading isn't a get rich quick scheme, it's something that takes your skills, knowledge and your experience to profit off the market and with a well deciplined approach.

Profit is something that everyone wants, and it is undeniable that it is what attracts many people to trading. However, the difference is that some come prepared and some come without any preparation. The preparation I mean is that before trading they will find out in depth about trading first, so they can prepare everything. And people who don't do that, then they will have a greater chance of making a lot of losses and they will quickly get out of trading and they might even say trading is a scam.

[Zadicar]

Well said. If he has been hodling ever since and yet it’s only now he decides to trade, then he’ll be making profits definitely. Even if he trades late, yet he has been buying already during bearish season, and decides to sell his coins during bullish trend, profits will be guaranteed, even if let’s say he’s a beginner trader.

However, it is necessary to keep those profits intact, as some beginner traders always want to try trading
with the profits they get without being willing to learn how to make the right trades.

Dabbling and in the end the profit is lost and even their main capital is used for trades that they do not understand.

It's not just about trading, but how to do good management for a trade.
Not using all your capital and securing profits from being taken by the market again.

All matters about having that consistency because there are really those times whenever that beginners do make profits on their first start up trades on which they do end up on having profits. The moment that they will really be having such situation then it will really be giving out that kind of boost up into their feeling or emotions or even their mindset. On the time that the market do take back those profits and putting you up on the losing side then this is where you would really be starting to babble on how shit trading would be. Well, we do know that trading isnt something that you can be able to learn in a short period of time on which its just really that  right that you do really have that realistic approach rather than on being that delusional because this is where mistakes would really be that starting at the time you do push up into those things that you do have in mind when you dont really actually know on what you are doing.

[john_egbert]

that's impossible mate, perhaps base on luck they can make profits on the first trade or second trade but one thing is for sure where in after that they will face a consecutive losses and blown their account. Coz beginners are too greedy and don't have patience and also having too much strategy that can turn winning trade into lossing trade.. so i for me that impossible coz to become really profitable you need to study hard and keep practicing which strategy really suit to you, and it really takes years not just days .

Risk management is the main thing to learn for newbies.
Anywhere you go, in any session at any time - you don't need to be greedy or tempted to panic buy or panic sell.

[Ahli38]

The urge to profit quickly from the market has lured many newbies into trading to be thinking that trading is so and they dive into the market with the hope of milking everything without properly taking their time to study and understand the market dynamics. trading isn't a get rich quick scheme, it's something that takes your skills, knowledge and your experience to profit off the market and with a well deciplined approach.

Well, that's a fatal mistake that sometimes occurs in the minds of beginners who have just come into crypto trading. They take trading too lightly. They take it too easy. It's as easy as saying "buy below and sell above" but they will start to realize that when they actually get into trading that it turns out trading is not as simple as they imagine. Because trading cannot even make someone who is a theoretical expert make big profits, because trading also requires not only trading theory but also requires experience and a strong mentality. because they cannot control their emotions in trading, such as excessive emotions of greed and fear.

[FortuneFollower]

Well, that's a fatal mistake that sometimes occurs in the minds of beginners who have just come into crypto trading. They take trading too lightly. They take it too easy. It's as easy as saying "buy below and sell above" but they will start to realize that when they actually get into trading that it turns out trading is not as simple as they imagine. Because trading cannot even make someone who is a theoretical expert make big profits, because trading also requires not only trading theory but also requires experience and a strong mentality. because they cannot control their emotions in trading, such as excessive emotions of greed and fear.

It's easy to try, but hard to master.
And any newbie should be dedicated to learning more to get their logic geared up.

[Cryptmuster]

Well, that's a fatal mistake that sometimes occurs in the minds of beginners who have just come into crypto trading. They take trading too lightly. They take it too easy. It's as easy as saying "buy below and sell above" but they will start to realize that when they actually get into trading that it turns out trading is not as simple as they imagine. Because trading cannot even make someone who is a theoretical expert make big profits, because trading also requires not only trading theory but also requires experience and a strong mentality. because they cannot control their emotions in trading, such as excessive emotions of greed and fear.

Buy low and sell high may contain too complex an understanding for a beginner, because when a global downward trend begins, it can last for a very long time, even months and years (if it is a bear market), and a beginner can rush and buy at the first correction, but these will be values ​​close to the highs. Then it will turn into either a hold for many years, or even a sale at a loss if it turns out to be weak hands. Trading is a difficult matter, without knowledge there is nothing to do here, there will only be losses.

[john_egbert]

Buy low and sell high may contain too complex an understanding for a beginner, because when a global downward trend begins, it can last for a very long time, even months and years (if it is a bear market), and a beginner can rush and buy at the first correction, but these will be values ​​close to the highs. Then it will turn into either a hold for many years, or even a sale at a loss if it turns out to be weak hands. Trading is a difficult matter, without knowledge there is nothing to do here, there will only be losses.

That's why it's better to stay away from the corrections if you want to trade 
If you want to invest - sure, go ahead.

[Peanutswar]

It seems they underestimate how does the trading works, it seems you share here we might think its a crypto, we know how does the market volatile and people getting trade much with the market but if you are totally newbie could be a struggle into you if you don't know whats the next move if the market is not going into an uptrend, like recently the market goes into sideways if you are an inexperience newbie possible you make a position right there hoping to get pump with the use of the resistance and support but the market goes into other way because you don't have an idea there's a confirmation yet instead you missout the possible gains due to an early entry.

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

This could be if and only if they notice the huge pump and dump could take a ride to make a small profit. But the market gets calm their struggle is how to make ride again.

[jaberwock]

It seems they underestimate how does the trading works, it seems you share here we might think its a crypto, we know how does the market volatile and people getting trade much with the market but if you are totally newbie could be a struggle into you if you don't know whats the next move if the market is not going into an uptrend, like recently the market goes into sideways if you are an inexperience newbie possible you make a position right there hoping to get pump with the use of the resistance and support but the market goes into other way because you don't have an idea there's a confirmation yet instead you missout the possible gains due to an early entry.

I do not think they would even take advantage of pumps, because newbies thing it can sustain for far too long than it really can, and they make mistakes because of it. The reality is that you can't get rich doing this in a month or whatever they are looking for, too many people out there who are in financial trouble, looking for a magic wand that will make them pay all their debt, and get rid of all their problems. That just can't happen, it is not in crypto at least I can tell that much.

You CAN get rich, over long period of time, by doing good trading, that still exists, but it takes many many years and not something that can be done quickly. And by the time you are doing it, you are not going to be a newbie anyways.

[mvdheuvel1983]

The urge to profit quickly from the market has lured many newbies into trading to be thinking that trading is so and they dive into the market with the hope of milking everything without properly taking their time to study and understand the market dynamics. trading isn't a get rich quick scheme, it's something that takes your skills, knowledge and your experience to profit off the market and with a well deciplined approach.

If it's not greed I wonder what else will make someone who doesn't know anything about the market to jump on trading without studying to know the necessary steps to be taken to achieve a good result before going into trading, newbies are fond of trying anything they heard that cdn give them quick profit but they forget that trading can take all what they have without them making any penny as profit. Yes trading is different from ponzi scheme but even the people who get involved in ponzi also calculate themselves before investing money into ponzi, newbies should try and always have trading knowledge before they start trading otherwise they will keep on investing and losing money because they may never get lucky since they have no idea of what they are doing.

[Rockstarguy]

The urge to profit quickly from the market has lured many newbies into trading to be thinking that trading is so and they dive into the market with the hope of milking everything without properly taking their time to study and understand the market dynamics. trading isn't a get rich quick scheme, it's something that takes your skills, knowledge and your experience to profit off the market and with a well deciplined approach.

Trading is not what you need to dive into to make profit without having a sound knowledge and experience.  Becoming a good trader is just matter of time which every beginner needs to take his/her time to learn first. Every beginner has this easy mindset concerning trading which they feel what matters most is to get the profit for the trade but trading is not like that , it is very risky to go into it without not having any knowledge. If beginners can know trading is not what needs to go into without having knowledge, it will be good for beginners to get prepared to learn before going in trading.

[Perfectbaby]

It seems they underestimate how does the trading works, it seems you share here we might think its a crypto, we know how does the market volatile and people getting trade much with the market but if you are totally newbie could be a struggle into you if you don't know whats the next move if the market is not going into an uptrend, like recently the market goes into sideways if you are an inexperience newbie possible you make a position right there hoping to get pump with the use of the resistance and support but the market goes into other way because you don't have an idea there's a confirmation yet instead you missout the possible gains due to an early entry.

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

This could be if and only if they notice the huge pump and dump could take a ride to make a small profit. But the market gets calm their struggle is how to make ride again.

As I know no matter how brave and smart that newbie could be is not that really possible to make profits because of the market volatility and could stir up much panic on them, even if they involve in a pump and dump coin it could be really that difficult for them to realize when to take profits because they would first encounter beginners greed. Beginners greed is something that is too hard to control as when they start to see their coin pump they would think that would continue but before they knew it the market could go the the opposite way making them to lose their profits.

[FortuneFollower]

Trading is not what you need to dive into to make profit without having a sound knowledge and experience.  Becoming a good trader is just matter of time which every beginner needs to take his/her time to learn first. Every beginner has this easy mindset concerning trading which they feel what matters most is to get the profit for the trade but trading is not like that , it is very risky to go into it without not having any knowledge. If beginners can know trading is not what needs to go into without having knowledge, it will be good for beginners to get prepared to learn before going in trading.

Underestimating risks is a pitfall for many traders and investors alike.
So risks should be weighted out appropriately to avoid bad situations that may happen to anybody new in the space.