Post
Topic
Board Trading Discussion
Re: As a new trader feelings and trading curiosity about trade?
by
tbct_mt2
on 07/05/2023, 11:19:04 UTC
Overall, it's important for new traders to take the time to educate themselves, manage their emotions, and stay disciplined in order to navigate the world of trading successfully.
When they are in learning and practicing trading, they must have good capital management to survive in this market.

If they use all money they have to start with trading, they will lose it all or most of it and what will they have if they lose all or 90% of their initial capital? Nothing or almost nothing. A trader will have nothing if he loses his capital. No more thing to do with trading so make sure a new trader must reserve 90% of his capital for future rounds of trading.

Use like 5% of all capital for first trading. Lose it, use 5% more and I believe he will lose it again.

By using very small percent of capital for each trading round, a trader will have multiple chances to learn from real experience and loss.

However, I think a newbie will have better experience and profit by hodling, not by trading Bitcoin.

If you like trading, of course you can read Awesome crypto trading
If you like investing and hodling, consider to use Dollar Cost Averaging: https://dcabtc.com/