Post
Topic
Board Trading Discussion
Re: What Practical Advice For A Beginner Trader?
by
Desmong
on 02/07/2021, 22:27:40 UTC
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!

You should learn from the mistakes you've done it before dude. Have an attitude of willingness to be a loser, or
be a risk taker, always have a self-discipline as well, don't let your emotions control you instead your supposed to be
the one who have the capability to control it. And never stop learning or don't quit if you believe that you will earn
in the future.

Trading we'll know that trading require risks that is important if one can minimize it by using different risk management template. This risk of a thing is necessary in trading but one's ability to reduce it so it wouldn't affect the entire trading capital is better and more stress free than just trading without understanding risk that is inevitable in trading.
Since you want to go back to trading, try as much to familiarize yourself with demo trading, back testing, and working on good strategy that has good high win rate.