Quote from: danherbias07 on November 08, 2019, 01:47:47 PM

Quote from: JessicaVL on November 07, 2019, 09:55:20 AM

Putting too much money in too soon

Most of us start with pretty humble beginnings as traders, and thats totally fine. However, trading above your means is one of the top rookie errors that a new trader can make. Emptying out your savings, or even taking a loan (Yes, people do this), is just a bad idea. Nobody is immune to making mistakes, and even professional crypto traders can be subject to losses.

Even if you think youve done enough research, making too risky moves that could cost you a lot in the early days, is just not a good idea. Rather trade with smaller amounts, build your way up slowly and minimize the consequences.

This is what I have done the first time around doing trading.
$100 as a capital and never went overboard once I lose all of those.
The good thing is I got an idea of what should be done. Besides, that money is what I have earned from efforts of bounty hunting.
Therefore, I didn't regret that much anymore although I did when I lose it.
Somehow I learned so many things and also because of that I did research what other type of trading strategies I could use to heighten my level into making profits.

Mistakes are the best teachers but it depends if you would accept and learn from it because there were people who do directly gave up when experiencing some loss of money.

Its sad but its the reality and always invest on the amount that you can afford to lose just like the common line which can be applied on gambling too since we know that
any investment do had some risk of losing that's why its better to go minimal which wont hurt you out too much since you are already anticipating on what would happen.