Quote from: tsaroz on November 10, 2019, 07:14:02 AM

Quote from: Jercyhora2 on November 09, 2019, 12:08:42 PM

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading is plans is very important. At the same time patience.

Patience is the main virtue a new trader lacks. They seem to make many quick trades in and out that just wastes the trading fees without making any profit. Plan your actions and go with the plan. Market trend may change your plan but don't hurry to sell on loss when the market is having a fall.
We've seen a quick rise after each fall and it's a good idea to buy after 24 hours of a decreasing market.

Most of the time, newbies are always making a mistake because of being indecisive or making quick decisions. It is true that patience is one of the key to have a successful trade. Having an action plan will also help to avoid unnecessary selling of trades and will help a trader to make an advance plan .

Quote from: HabiebRiziq on November 10, 2019, 07:34:46 AM

Quote from: Jercyhora2 on November 09, 2019, 12:08:42 PM

I waste lot of money on trading. Without planning I lost every trade which mostly the problem. By the way it's only trial but I didn't want to stop.

Making plans is needed to have successfull trade. Without plan, you're giving away your holding out of you. The one lesson I learned about trading is plans is very important. At the same time patience.

It is necessary to first understand how to trade in cryptocurrency before deciding to trade. And for beginners, I would suggest starting with a small amount of money and don't forget to observe the movement of the market charts to determine when it is appropriate to start and determine the decisions that will take later and it is better to ask for advice to some of the people closest to you before starting to trade.

Yes, because without proper knowledge, your investment will be put to waste. Gain experience and knowledge before spending a lot of capital to avoid unnecessary losses.
Asking someones advice is also fine, it helps a newbie to make his own decision when he starts to trade on his own.