Newbie trading experience

[Tungbulu]

I don't blame most of these newbies that are losing money to trading because of impatient to check their strategies before ever entering the market. Trading is supposed to be profitable but some people are just wasting their time thinking they can make money quickly joining signal groups and trying to mimic big influencer traders.

Not only did they fail to check their strategies but they are so impatient to take their time and acquire more knowledge about how the markets run, though one can't predict the markets accurately but one can do some analysis due to the research they make, that is why one has to be very determined in this trading, if they really wants to be successful in it. Trading is not about the first to invest in it but how strategic one is and learning from their mistakes or failures give them higher chance of knowing how to overcome challenges.

[Mame89]

I don't blame most of these newbies that are losing money to trading because of impatient to check their strategies before ever entering the market. Trading is supposed to be profitable but some people are just wasting their time thinking they can make money quickly joining signal groups and trying to mimic big influencer traders.

Not only did they fail to check their strategies but they are so impatient to take their time and acquire more knowledge about how the markets run, though one can't predict the markets accurately but one can do some analysis due to the research they make, that is why one has to be very determined in this trading, if they really wants to be successful in it. Trading is not about the first to invest in it but how strategic one is and learning from their mistakes or failures give them higher chance of knowing how to overcome challenges.

Patience is a crucial pillar in trading because successful traders need a process. Trading isn't about speed or running a marathon. The most important thing in trading is who can last the longest while minimizing losses. Because one of the core reasons why most novice traders fail isn't because the market can be manipulated but because of their flawed mentality and process.

So mistakes in trading are part of trading itself because all traders have experienced them. What sets successful traders apart is their ability to regularly review and evaluate their strategies. They then learn from their failures consistently and effectively. Ultimately, I want to say that successful traders aren't usually the smartest, but rather the most disciplined, patient and willing to learn from their losses.

[Yorubek]

I don't blame most of these newbies that are losing money to trading because of impatient to check their strategies before ever entering the market. Trading is supposed to be profitable but some people are just wasting their time thinking they can make money quickly joining signal groups and trying to mimic big influencer traders.

Not only did they fail to check their strategies but they are so impatient to take their time and acquire more knowledge about how the markets run, though one can't predict the markets accurately but one can do some analysis due to the research they make, that is why one has to be very determined in this trading, if they really wants to be successful in it. Trading is not about the first to invest in it but how strategic one is and learning from their mistakes or failures give them higher chance of knowing how to overcome challenges.

Patience is a crucial pillar in trading because successful traders need a process. Trading isn't about speed or running a marathon. The most important thing in trading is who can last the longest while minimizing losses. Because one of the core reasons why most novice traders fail isn't because the market can be manipulated but because of their flawed mentality and process.

So mistakes in trading are part of trading itself because all traders have experienced them. What sets successful traders apart is their ability to regularly review and evaluate their strategies. They then learn from their failures consistently and effectively. Ultimately, I want to say that successful traders aren't usually the smartest, but rather the most disciplined, patient and willing to learn from their losses.

I agree, success through trading is not achieved only by market understanding or knowledge. To achieve success, you need the right knowledge consistency patience and learning from mistakes. Keep an eye on it so that the same mistake is not repeated. When a traders can manage his emotions or greed and take every step correctly with discipline then success can be expected. However, there is a high possibility of losing money through trading, so the risk of losing money can increase manifold by trading with the main purpose of getting rich quickly just because of greed without understanding.

[nara1892]

I believe that applying high leverage is a mistake that has been made by 90% of traders, especially when they are still beginners. The fact is that we cannot completely ignore greed when faced with the opportunity to make money and of course I am also one of those who do it, maybe even more than 2x I was liquidated because of this mistake, it is painful but it is much more painful if for example there is no change that we make and I have to make the same mistake several times to finally get better.

[M47AK16]

Losing capital when trading with leverage is part of a market player maturation process. Lack of patience means you have to wait till you have the correct entry point according to the technical analysis. This should be avoided at any cost by understanding properly the price oscillation and the loss limits to avoid liquidation. It is those who perfect their day by day practice of execution who reap the benefits of profits.

I agree that many new traders consider leverage as a shortcut to maximize profit, even though what is often magnified is actually their mistakes. The main problem is not always bad analysis, but undisciplined execution. Already know a good entry area, but still FOMO to enter earlier. Already have a risk limit, but stop loss is moved when the price moves against them. However, there is a difference between learning from loss and repeating the same mistake.In the end, surviving long enough in the market is often more important than winning big in one transaction.

The sad thing is, they do not want small profit, they want big profit, and they do this, which results with not only not a big profit, but not even a small profit, it results with a big loss instead. So it's clear that they are moving at the wrong direction from the get go, it was clear before they even do it, like even before they click trade button. And yet, for some reason they can't see that, I never understood why people would be willing to do something so crazy, so quickly, because to me, it is an obvious wrong choice, but somehow they still do it very often.

[ndutndut]

Losing capital when trading with leverage is part of a market player maturation process. Lack of patience means you have to wait till you have the correct entry point according to the technical analysis. This should be avoided at any cost by understanding properly the price oscillation and the loss limits to avoid liquidation. It is those who perfect their day by day practice of execution who reap the benefits of profits.

I don't blame most of these newbies that are losing money to trading because of impatient to check their strategies before ever entering the market. Trading is supposed to be profitable but some people are just wasting their time thinking they can make money quickly joining signal groups and trying to mimic big influencer traders.

Most beginners often experience losses not because they lack knowledge but because they lack patience in the preparation phase before starting trading. They jump in with large capital and emotions without adequate strategy validation. And yes sometimes they also experience losses. Seeing big traders or influencers post large profits they follow suit without understanding proper risk management.

Losses are inevitable in trading. Every trader experiences losses the difference is that those who experience losses can learn from experience to reduce their losses, while those who never evaluate their losses after experiencing them thus experiencing continuous losses. So if you are learning to trade it's best to learn about emotional control and patience and avoid signal groups or advice from influencers unless you fully understand the strategy and can evaluate it yourself.

[L E G E N D A R Y]

I agree, success through trading is not achieved only by market understanding or knowledge. To achieve success, you need the right knowledge consistency patience and learning from mistakes. Keep an eye on it so that the same mistake is not repeated. When a traders can manage his emotions or greed and take every step correctly with discipline then success can be expected. However, there is a high possibility of losing money through trading, so the risk of losing money can increase manifold by trading with the main purpose of getting rich quickly just because of greed without understanding.

Epecially patience because without it, one can give up easily despite not gaining anything, so that is why traders should be aware of what they are about to enter and trading doesn't give quick money and exercising discipline will help one to trading rightly and investing with the amount you can lose easily, that is to say that, in trading there is every possiblity that at first you won't understand how the market runs and starting small is a smart way, as one can be able to manage the risks involved and also their emotions through experiences.

[Hyphen(-)]

I believe that applying high leverage is a mistake that has been made by 90% of traders, especially when they are still beginners. The fact is that we cannot completely ignore greed when faced with the opportunity to make money and of course I am also one of those who do it, maybe even more than 2x I was liquidated because of this mistake, it is painful but it is much more painful if for example there is no change that we make and I have to make the same mistake several times to finally get better.

Sometimes traders can’t even explain the reason for their liquidation, mostly it used to be due to high leverage when your prediction went wrong, the liquidation comes easily when the leverage is high, while wrong market analysis and instant market conditions do also cause liquidation just as it has happed in the crypto market recently, we don’t even know the exact reason for this market dump and now the dumping is below expectations as the price of Bitcoin is about to go below $60k.

[AYOBA]

Every consistent trader must have had this experience once or twice, but the issue is if they acted on their emotions and tried to revenge trade to see if they can make back the money they just lost.

Yes of course most of the consistent traders really have the experience lost some is even more than twice but what they believe is that no matter how much amounts of money they lose they will later bounce back and recover their money back, but not at all because by the times some traders try to revenge is that moment they lost their most.

Newbie traders should try to learn from the experience of others before them, so as to save themselves the trouble of having to suffer loss twice. They should use like 2x or 3x leverage just to be safe and survive any dip before a moon.
The stories of liquidation sweep are all same but the smart ones learn the safest path to be profitable for longer.

The main problem of some newbies is that instead of them to learn a lots from that had experience so that they can get their own experience on how the trading system works, before they showcase get deeper into it but some will be claim wiseness which is why most of the newbie’s failed easily in trading.

[Big Dirams]

The main problem of some newbies is that instead of them to learn a lots from that had experience so that they can get their own experience on how the trading system works, before they showcase get deeper into it but some will be claim wiseness which is why most of the newbie’s failed easily in trading.

As a new trader knowledge should be what we prioritize much and after that during the journey we should focus on our mistakes and learn from it thoroughly so when next we such mistakes or maybe the situation pop ups again then we would know how to tackle it but many of this new trader don’t wanna spend much time into looking what cause the wrong entries or how they end up failing they just push forward without looking for a solution that will shield them from the worst situation in the future.
 
Let learn from mistakes and apply the experience into any same scenarios like that to avoid losses. And one thing many of this new trader does  is the quick profits mindset, they put much emphasis into making quick money and totally forget that knowledge is what builds the profits of every trader which is why many fail during the journey.

[Issa56]

I believe that applying high leverage is a mistake that has been made by 90% of traders, especially when they are still beginners.

I lost lots of money when I started trading, and it was due to leverage trading. I was just kind of desperate to make money, and I believe leverage trading can make me earn more, but instead of making money then, I was just losing money because the leverage which I was using was just kind of high, and I was getting liquidated. If you are new to trading, it’s better you avoid leverage trading, because you have high chances that you going to be losing money.

The sad thing is, they do not want small profit, they want big profit, and they do this, which results with not only not a big profit, but not even a small profit, it results with a big loss instead.

Most traders don’t always want small profits, that’s why they do end up making use of leverage trading, because they believe they can make quick money from leverage trading, but they don’t think they can lose also. As a trader whenever you think the market isn’t favorable, just take little profits and leave.

[Abu-Naim]

I lost lots of money when I started trading, and it was due to leverage trading. I was just kind of desperate to make money, and I believe leverage trading can make me earn more, but instead of making money then, I was just losing money because the leverage which I was using was just kind of high, and I was getting liquidated. If you are new to trading, it’s better you avoid leverage trading, because you have high chances that you going to be losing money.

Same here. When you think that spot trading is wasting of time, you will be forced to trade futures because of the leverage of you do the maths in the way you are feeling it will favor you, but when you start losing money, that’s when you will understand how risky the future trading using high leverage, but when you use low or small leverage, you will still make profit and your liquidation chance is low because of the small leverage, but the high profit is what you shouldn’t expect anymore.

[Dzwaafu11]

I don't have much experience with futures trading because I rarely do futures trading. Most of the time I have traded, I have traded spot because I don't want to take too much risk. Also, I always think that futures trading is very risky where I can lose all my money in a moment because I don't want to lose money and I don't want to suffer too much damage, which is why I try to avoid futures trading. However, you are right that when money is liquidated from futures trading, there is regret because the market turns around very soon after the liquidation and it is really a lot of regret.

Although, I dont know why you aee scared but I think this is because you still dont really have enough knowledge of what you are trying to do. Some traders trade ghis same narket you are scared of and they make profit, and you said you are scared of loosing money I think the first thing of all is to learn and know every single step before you start trading and you will make profit just like other traders do.

Fear of taking the risk won't take you anywhere rather sometimes may result in wrong move and even loose more, so why not you learn and do it.

[Achalugo BTC]

I lost lots of money when I started trading, and it was due to leverage trading. I was just kind of desperate to make money, and I believe leverage trading can make me earn more, but instead of making money then, I was just losing money because the leverage which I was using was just kind of high, and I was getting liquidated. If you are new to trading, it’s better you avoid leverage trading, because you have high chances that you going to be losing money.

Same here. When you think that spot trading is wasting of time, you will be forced to trade futures because of the leverage of you do the maths in the way you are feeling it will favor you, but when you start losing money, that’s when you will understand how risky the future trading using high leverage, but when you use low or small leverage, you will still make profit and your liquidation chance is low because of the small leverage, but the high profit is what you shouldn’t expect anymore.

The reason why so many traders would rather go for future than spot is simply because leverage kinda makes the potential profits appear to be much more bigger than it’ll ever be in spots. But the problem is that some traders only think about the rewards of a decision but rarely about the potential risks associated with it, they fail to realize that the same leverage that can multiply your profits also has the potential to destroy and blow your account quickly when the market moves against you.

[EarnOnVictor]

Have you not experienced it before?

I don't think a trader exist that, at one point in their trading life, as not experienced total account crash. This is what I called the "preparatory stage," and every beginner traders must experience it. It's not easy for many experienced traders, not to mention newbies, as many experienced traders are still facing the challenges of growing their accounts, and many more still suffer from, not how to trade, but psychology issues like emotion.

[Livingleged]

I lost lots of money when I started trading, and it was due to leverage trading. I was just kind of desperate to make money, and I believe leverage trading can make me earn more, but instead of making money then, I was just losing money because the leverage which I was using was just kind of high, and I was getting liquidated. If you are new to trading, it’s better you avoid leverage trading, because you have high chances that you going to be losing money.

A lot of successful  trader today used the leverage  to help build  capital  if you're a good trader you should know how to handle all this stuff, I just imagined  how you lost your funds  because  you used leverage and sure you probably  didn't use a decent  lot sizing  because  you wanted to make higher  profit  and you tend to forget that the higher  the profit  potential,  the higher  the risk. that how I see the leverage, But it's definitely  one thing to appreciate  in trading  because it give you opportunity  to be involved  in a trade your small  capital  would  have not been able  to let you in  best advice  I'll  suggest  give you is to use small lot size  and be consistent  with your strategy  you'll definitely  be a profitable  trader  at some point.

[Mpamaegbu]

The main problem is not always bad analysis, but undisciplined execution. Already know a good entry area, but still FOMO to enter earlier. Already have a risk limit, but stop loss is moved when the price moves against them.

This is why the greatest skill in trading isn't strategy but Patience and Money/Risk Management. Like we've been told countless times that the market can't be accurately predicted, even when we think we know where it's headed. That's why Risk Management is paramount to stay alive in Futures trading. Otherwise, one gets burnt with high leverage.

There's no trader who hasn't made this same mistake of using bloated leverage, and some of us are still making it. No matter how one thinks one knows market direction, it's better to wait for price to always tap into one's setup instead of rushing in to catch it. FOMO isn't a good thing in trading. It's better to let a trade go than rush into it before its time.

[shawonngp]

Losing capital when trading with leverage is part of a market player maturation process. Lack of patience means you have to wait till you have the correct entry point according to the technical analysis. This should be avoided at any cost by understanding properly the price oscillation and the loss limits to avoid liquidation. It is those who perfect their day by day practice of execution who reap the benefits of profits.

I don't blame most of these newbies that are losing money to trading because of impatient to check their strategies before ever entering the market. Trading is supposed to be profitable but some people are just wasting their time thinking they can make money quickly joining signal groups and trying to mimic big influencer traders.

Most beginners often experience losses not because they lack knowledge but because they lack patience in the preparation phase before starting trading. They jump in with large capital and emotions without adequate strategy validation. And yes sometimes they also experience losses. Seeing big traders or influencers post large profits they follow suit without understanding proper risk management.

Losses are inevitable in trading. Every trader experiences losses the difference is that those who experience losses can learn from experience to reduce their losses, while those who never evaluate their losses after experiencing them thus experiencing continuous losses. So if you are learning to trade it's best to learn about emotional control and patience and avoid signal groups or advice from influencers unless you fully understand the strategy and can evaluate it yourself.

Yeah, patience is a big factor in trading, not only for beginners, but also for a lot of expert traders who experience losses due to their impatience. Newbies shouldn't spend big capital in the starting because, first of all, they don't have enough knowledge and skills, and maybe they start trading influenced by social media influencers and try to get rich overnight. And many new traders make big losses in the beginning while following paid signals.  Yeah, anyone can lose in trading, as experienced traders also lose. But if you can learn something from loss and mistake, then it is possible to gain experience which can be used later to profit.

[Olatundespo]

It is still about the regret of using high leverage in a way your money will be liquidated, but later the market will reverse and get to the price you opened the position and the price of the coin will go more in your favour if not that your trading fund has been liquidated, you are supposed to make profit.

This is just to have fun today. I hope many newbie traders can learn from this, to know how dangerous leverage can be.

It happened to me many times in the past.

Have you not experienced it before?

In fact high leverage is not a disadvantage for all traders. Most losses are due to poor fund management or selling at a loss due to fear of losing capital. Trade with an amount of funds that is not related to your daily needs or is in excess for you and is worth the risk.

The best trading strategy is to enter the market gradually and not use leverage without experience. Trading is not for fun, it is an expression of knowledge gained from experience. Even if the intention is to make a profit from trading, if you have a mindset of making a profit in the short term, you will almost certainly lose money because your capital will be stuck at some point due to repeated liquidations or you may be forced to sell at a loss.

I was initially involved in trading but never used high leverage.

[Junii]

Have you not experienced it before?

Yup i have experienced that before and i think many new traders also experienced it as well. The painful part is that i was not wrong in that trade but still lose the money because of high leverage. It is a fact that high leverage reduces the room for price fluctuations. A little small move against your position can liquidate u even when your overall market analysis is correct at that time. The sad part is that  after liquidate your account the market sometimes reverses and moves exactly where you expected it to go  but by then your capital is already gone. I believe survival is more important than increasing profits. So for a newbie who want to start trading keep in mind that being correct about market direction is not enough in trading. Position sizing and leverage  and proper risk management are just as important as market analysis.