Post
Topic
Board Trading Discussion
Re: 2 Reasons Noobs Fail At Trading
by
michellee
on 22/02/2019, 14:14:07 UTC
Full time trading with crypto can be HARD! However, a lot of new traders fail due to two fundamental flaws.

1 - Not utilizing discounted trading platforms or functions

2 - Not utilizing stop losses (or setting stop losses in the wrong spots)

I don't think new traders will know about discounted trading platforms or functions and know about stop losses. Because I remember in my early time as a new trader, I am confused to place a buy and sell order and makes me place in a wrong buy price, and even it happens too with the selling price. And after I realize my mistake, I fix my trading and slowly, I can reach a profit which makes me happy to see my first profit.

I think soon, and the new traders will learn about what is their mistake and try to fix like what I did before. But that is only for traders who want to try to trade and want to learn more about trading. It's not easy to understand the function, but with learning, I believe someone can get benefits from his lesson.