Newbie trading experience

[HONDACD125]

Trading is risky, those who take excessive risks for the sake of small money are most likely to lose their money. So high leverage should never be used, high leverage puts your capital at risk, so every trader must be careful from using high leverage. I entered futures trading once last month and I lost money. So I withdrew from trading on my own.

Greed is one of the worst things for one to have, because it makes people do things that they shouldn't do and they wouldn't generally do it if they are not greedy. When someone is in a financial market, it is important for them to have full control over their emotions so that they don't get greedy and ruin everything, and sometimes, your greed can even ruin whatever you have gained so far, and this happens very often with newbies who make some profits, but then they get greedy and instead of taking profits, they decide to keep holding their positions longer so that they can make more money from those trades, which is wrong, but greed makes them do that.

When it comes to futures trading, it is basically not suitable for newbies and beginners, because it contains a lot of risks, and newbies shouldn't play with so much risks. Even if they use lower leverage for their trades, it's still not going to be an easy way for them to make money because you can't know where the market will go next if you have no knowledge or experience, which is why it's important that they focus on learning first instead of getting into futures trading or even spot trading.

[Nalain420]

In trading, using high leverage is not only highly profitable, but also has a high chance of loss and rapid destruction. New traders cannot always control their greed. When someone uses 10% leverage with $100, he will profit a lot when the market goes up, but when the market goes down, he will be liquidated very soon. Moreover, there are most traders who try to make a quick profit by using high leverage, but they lose their money there. That is why new traders should learn these things with the utmost importance because as high leverage gives profit, the possibility of loss is also high. To survive in the market for the long term, you must first learn risk management, as well as start without leverage or with very low leverage, only then can you avoid losses.

Every single newbie goes through the same experience jumping in to futures with high leverage without any knowledge is not more than just gambling. We think know we are going to rich and boom market drops and we are liquidified now . We panic because we don't have any risk management plan. And the more worse os watching the coin reverse and pump exactly the way we predicted but we have lost all our capital. Sometimes it feels like market is doing all of this intentionally to newbies. Always think twice before trade 50x leverage is not always best. This is a lesson every new guy have to learn . New ones should stick to spot for some time to get some knowledge some experience about market trends emotions in trading. And as we said multiple times trading is all about patience discipline and mindset. Newbies learn with time but we can learn without doing our loss if we kept thinking about these points.

[YOSHIE]

Have you not experienced it before?

If I may suggest, especially for beginners who are just starting to trade, don't do crypto leverage trading, it is not recommended for beginners to use borrowed capital from the exchange to trade, the risk is greater than the expected results.

It does look like Leverage trading is easy to double funds like 5x, 10x, or 20x leverage. If the price of the crypto asset you are trading actually moves in the opposite direction, of course your expectations about 10x leverage are over and you go home empty handed. My advice for beginners is to do crypto trading using the spot method first while learning with small capital, maybe this method is better to do than the Leverage, Margin and Futures methods.

[Cyber_warrior]

Have you not experienced it before?

If I may suggest, especially for beginners who are just starting to trade, don't do crypto leverage trading, it is not recommended for beginners to use borrowed capital from the exchange to trade, the risk is greater than the expected results.

It does look like Leverage trading is easy to double funds like 5x, 10x, or 20x leverage. If the price of the crypto asset you are trading actually moves in the opposite direction, of course your expectations about 10x leverage are over and you go home empty handed. My advice for beginners is to do crypto trading using the spot method first while learning with small capital, maybe this method is better to do than the Leverage, Margin and Futures methods.

As a new trader in trading it clearly obvious that we have no knowledge at all nor experience of the market so why risking so much and going for leverage trading all over massive profits but let weigh the risk is it responsible at all or maybe even worth it for new trader.
Enjoy the trading journey and trade spot trading with little risk and take the process gradually so the journey wouldn’t be a poor experience to us. After gaining more experience of the market the market then we can use our idea to reduce our risk in leverage trading if not we might end up losing a lot that we can even tolerate.

[Plutomanian]

As a new trader in trading it clearly obvious that we have no knowledge at all nor experience of the market so why risking so much and going for leverage trading all over massive profits but let weigh the risk is it responsible at all or maybe even worth it for new trader.
Enjoy the trading journey and trade spot trading with little risk and take the process gradually so the journey wouldn’t be a poor experience to us. After gaining more experience of the market the market then we can use our idea to reduce our risk in leverage trading if not we might end up losing a lot that we can even tolerate.

It's all about gaining experience, a newbie can be gaining experience and still end up losing, that's just how trading is. The most important thing is simply learning the basis of the market, know when to sell and know when to buy which comes with the technical and fundamental analysis in the market. Newbies are here to learn about profits and also learn the hard way about taking losses which might become very uncomfortable for those of them that can't stand the chance of losing. That's why it's very ultimate to learn about the market and every sector of the market, it's not all about knowing the profits ratio and not wanting to take losses.

[Bitgoat65]

I cut my investing teeth in the stock market, so I learned about losses early. I still consider myself somewhat of a newbie in crypto, but I’ve been investing in stocks as a retail investor longer, so I bring that perspective into this space.

One of my first crypto experiences was with Bitsane back in 2018 — so yeah, I learned quickly about risk in crypto. Bitsane was even mentioned in mainstream financial media at the time. It turned out to be a scam exchange, and they disappeared with users’ funds. Luckily, I only had a small amount on there, but it taught me early that losses in crypto don’t just come from bad trades. Scams and exchange risk are real too.

From my own experience, leverage, futures, and high-risk options trading can get dangerous fast if you don’t really know what you’re doing. Certainly, some people make money with them, but market timing is extremely difficult. Even if you enter at the right time, you still have to exit correctly, and doing both is pretty hard. Unless you are using some of these instruments as hedges, your funds can take a beating.

Crypto really isn’t much different than stocks in that respect. Personally, I tend to stick mostly with more established projects. If you are going to speculate on smaller or riskier ones, you should probably keep the position small and use money you can afford to lose.

For me, dollar-cost averaging and long-term holding have worked better than trying to constantly trade in and out. It’s less exciting, but I’ve found it a lot more manageable long term.

[Peanutswar]

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.

One of the biggest mistakes of the newbies who started into journey of trading is they make increase the leverage too much such as a 50-100x and then they wait for the position when to make a long or short the twist is there is they dont have a proper set up with their trades, there is no plans, and analysis. Just pure guts.

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

For the newbies I dont recommend making a trades position without a proper knowledge and experience this will become your expensive mistake or lets say a tuition fee, I do recommend making a demo trade before using your real money in a real time trades.

[gabbie2010]

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?

The quickest way to get liquidated is high leverage, I had such a bitter experience before when I choose 10x leverage in a bid to make massive profit unfortunately price reversed and got liquidated just with in a few minutes luckily I just have some few coins which I use for that trade, it is a wake-up call for newbies in trading to trade with low leverage maximum if 3x is very reasonable and trade with just 1% of total portfolio, more so avoid greediness once profit is doubled that is enough to take profit and quick while waiting for another opportunity, its obvious there are plenty opportunities that price would offer so why taking unnecessary risk?.

[MRY]

As a new trader in trading it clearly obvious that we have no knowledge at all nor experience of the market so why risking so much and going for leverage trading all over massive profits but let weigh the risk is it responsible at all or maybe even worth it for new trader.
Enjoy the trading journey and trade spot trading with little risk and take the process gradually so the journey wouldn’t be a poor experience to us. After gaining more experience of the market the market then we can use our idea to reduce our risk in leverage trading if not we might end up losing a lot that we can even tolerate.

In trading leverage without the enough capital to start is highly risky. The stock markets are unsparing with irresponsible amateurs who want to make quick money. In spot trading the possibility of a significant liquidation is also removed, which is much more secure to learn the price patterns. Better not to risk everything in favor of a long term career in the capital markets.

[puloweh555]

Have you not experienced it before?

If I may suggest, especially for beginners who are just starting to trade, don't do crypto leverage trading, it is not recommended for beginners to use borrowed capital from the exchange to trade, the risk is greater than the expected results.

It does look like Leverage trading is easy to double funds like 5x, 10x, or 20x leverage. If the price of the crypto asset you are trading actually moves in the opposite direction, of course your expectations about 10x leverage are over and you go home empty handed. My advice for beginners is to do crypto trading using the spot method first while learning with small capital, maybe this method is better to do than the Leverage, Margin and Futures methods.

As a new trader in trading it clearly obvious that we have no knowledge at all nor experience of the market so why risking so much and going for leverage trading all over massive profits but let weigh the risk is it responsible at all or maybe even worth it for new trader.
Enjoy the trading journey and trade spot trading with little risk and take the process gradually so the journey wouldn’t be a poor experience to us. After gaining more experience of the market the market then we can use our idea to reduce our risk in leverage trading if not we might end up losing a lot that we can even tolerate.

Beginners often jump straight into leveraged trading because they perceive it as easy and as an activity that can multiply their profits. It's also true that beginners who jump straight into leveraged trading often have a mindset similar to gambling.

Leveraged trading does offer increased profits but the risks are equally significant. Therefore, beginners especially those with minimal experience and knowledge in crypto should avoid this type of trading. Choosing spot trading is a very wise choice for beginners even those with limited understanding of market movements. Although the profits aren't as high as leveraged trading spot trading offers lower risks. Furthermore, beginners often engage in leveraged trading because they see influencers or are influenced by someone who makes quicker profits.

[Byebyebtc]

I have also experienced similar situations before,

You know it's good that your should tell newbies, but I don't know, maybe they aren't like me,
Because I was personally told but I still let experience teach me, (I learnt the hard way)
Most wouldn't understand these things until they get to experience it their self, but for this who will acknowledge this should accept it and take caution.

[I_Anime]

Have you not experienced it before?

If I may suggest, especially for beginners who are just starting to trade, don't do crypto leverage trading, it is not recommended for beginners to use borrowed capital from the exchange to trade, the risk is greater than the expected results.

It does look like Leverage trading is easy to double funds like 5x, 10x, or 20x leverage. If the price of the crypto asset you are trading actually moves in the opposite direction, of course your expectations about 10x leverage are over and you go home empty handed. My advice for beginners is to do crypto trading using the spot method first while learning with small capital, maybe this method is better to do than the Leverage, Margin and Futures methods.

Even spot trading can be risky to some newbies that are not yet familiar with how the cryptocurrency space works . I was in that position when I newly found out about the crypto space , I was quite excited that I have finally see something that will give me some nice amount , at first it was going so until we got to the bear market and then I don’t have any knowledge about bear and bull market  I was just buying when is low selling when is high . It literally cost me a lot though so I had to step back and start learning I even had to stop trading for a while , so is that we should be well knowledgeable in whatever we are venturing into .

[Orpichukwu]

In trading leverage without the enough capital to start is highly risky. The stock markets are unsparing with irresponsible amateurs who want to make quick money. In spot trading the possibility of a significant liquidation is also removed, which is much more secure to learn the price patterns. Better not to risk everything in favor of a long term career in the capital markets.

For starters with little capital it's better they go with spot trading, which offers them little protection, than leverage trading. When you understand the market and are less greedy, profit and loss will come slowly, but you can build slowly compared to when greed pushes you beyond your limit and you lose it all in high leverage.

[passwordnow]

I have also experienced similar situations before,

You know it's good that your should tell newbies, but I don't know, maybe they aren't like me,
Because I was personally told but I still let experience teach me, (I learnt the hard way)
Most wouldn't understand these things until they get to experience it their self, but for this who will acknowledge this should accept it and take caution.

All of us are learning the hard way. Because in trading, we have to experience losing and this with leverage. It gets badly when we're already liquidated first then the market goes back to the direction of where we should hit that TP. But that's okay, it's part of learning how to analyze the market and get a good timing before taking profits. Not everyone who leverage loses but there will be those who are good in profiting and as well as cutting their losses.

[MRY]

I have also experienced similar situations before,

You know it's good that your should tell newbies, but I don't know, maybe they aren't like me,
Because I was personally told but I still let experience teach me, (I learnt the hard way)
Most wouldn't understand these things until they get to experience it their self, but for this who will acknowledge this should accept it and take caution.

All of us are learning the hard way. Because in trading, we have to experience losing and this with leverage. It gets badly when we're already liquidated first then the market goes back to the direction of where we should hit that TP. But that's okay, it's part of learning how to analyze the market and get a good timing before taking profits. Not everyone who leverage loses but there will be those who are good in profiting and as well as cutting their losses.

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.

[passwordnow]

All of us are learning the hard way. Because in trading, we have to experience losing and this with leverage. It gets badly when we're already liquidated first then the market goes back to the direction of where we should hit that TP. But that's okay, it's part of learning how to analyze the market and get a good timing before taking profits. Not everyone who leverage loses but there will be those who are good in profiting and as well as cutting their losses.

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.

And it will take time for one to perfect that practice or let's say close to perfection and gets used to it. It's hard to think of it when someone is starting out. But for newbies that think it's hard and leverage trading isn't for them, don't give up but don't push yourselves too much in it. There are other choices like the spot trading when you simply do the buy and sell thing but have to do that with the profit side and higher than the bought price. Sound easy for both trading though but applying all the concepts and strategies is undeniably hard.

[laijsica]

I have also experienced similar situations before,

You know it's good that your should tell newbies, but I don't know, maybe they aren't like me,
Because I was personally told but I still let experience teach me, (I learnt the hard way)
Most wouldn't understand these things until they get to experience it their self, but for this who will acknowledge this should accept it and take caution.

All of us are learning the hard way. Because in trading, we have to experience losing and this with leverage. It gets badly when we're already liquidated first then the market goes back to the direction of where we should hit that TP. But that's okay, it's part of learning how to analyze the market and get a good timing before taking profits. Not everyone who leverage loses but there will be those who are good in profiting and as well as cutting their losses.

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.

If you spend time waiting for the entry point, it will not do justice to the use of your capital. In order to make a profit from the capital, you need to adopt an execution strategy in such a way that your normal financial position does not have any negative impact on your long term financial position without liquidation. The key to trading is to use an amount of funds that are worth losing and do not negatively affect your daily lifestyle.

I agree that the use of leverage is a significant part of a trader's maturity, but efforts should be made to reach a decent level through day by day practice and buying and holding strategies because it is possible to take the matter of making a profit through discretionary income to a more sustainable position.

[masulum]

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.

[dwyane36]

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.

Investing in an asset or trading with leverage without proper analysis, driven solely by emotions (FOMO), won't lead to anything good. It’s worth noting that this applies not only to beginners but also to those who might seem to have trading experience already. So, you’re right about discipline, as it’s one of the key skills that make a trader successful in the long run.

[Wakate]

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.