Post
Topic
Board Trading Discussion
Re: What Practical Advice For A Beginner Trader?
by
Cherylstar86
on 10/08/2021, 21:48:20 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!
My advice is that you try to understand your past failures. because with failure you can learn from those mistakes. besides that, maybe you can try to choose other coins that have more potential. so I think you understand the learning just then you return to trading. good luck
Indeed. In trading there is always risk and you need to know what strategies and techniques to manage your risk. My advice is that you need to have the knowledge first before trading. Trade only with your prepared money for you to not regret something. It is very important that you understand also your past failures because you  learn from those mistakes and can give you inspiration. Buy low, sell high and don't be greedy, don't panic and be patient.