Quote from: awik p on Today at 08:15:38 AM

Quote from: dunfida on December 21, 2021, 08:35:58 PM

Quote from: TheUltraElite on December 21, 2021, 09:46:05 AM

Quote from: Anguwa on December 12, 2021, 10:23:12 PM

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

Demo trades would be good but nothing beats out on getting real experience and knowledge on real or live trades even though they should start on very small amount which they could really take some practice.

Its true that mental trauma when in losses is really there which is really on point but once you do gain up sufficient knowledge and experience then you wouldnt really make yourself buldge on this one but instead

you are already prepared up something for this and taking profit is something differs on each individual because we do have personal goals and targets on our mind.

indeed the mental factor that distinguishes between demo trading and real trading. mentality greatly affects our trading results. even though they use the same technique, everyone's view of the market will be different, and the final result depends on their mentality to obey the predetermined analysis.

Demo trading may be good for the new traders but most importantly money management is more important. If you keep intalking early profits, it maybe that you do not follow the proper risk reward model and even a few losses can make your portfolio in overall loss
I suggest to deploy risk management to your trades so that you are not in overall loss.