Quote from: South Park on Today at 10:14:05 PM

Quote from: doomloop on August 08, 2023, 12:39:20 PM

Quote from: South Park on August 04, 2023, 08:05:46 PM

That is a very common problem with newbies traders, they want to win and they want their wins to be big and fast, and while there is nothing wrong with those desires, as who would not like for their trades to go their way, it is an unrealistic goal taking into account their level of skill, so they should start slow and use a very small amount of money on their trades so they can learn all what they can while minimizing their losses, but as you may guess those newbies do not really do this and they have to learn the hard way why trading is one of the most difficult ways to make money that exist.

Most newbies learn it the hard way, they either hear an influencer praising the cryptocurrency market and how profitable it can be for someone, or have seen a story of a person getting significant gains after investing in a meme coin, and they simply get excited after that and think that they can achieve great things in a very short period of time from here without knowing anything about or considering the risks involved with the investments.

They mostly lack the ability to do their own research, they expect a lot of things and don't see the negative aspects at all. Once they enter the market, take their first couple of trades, get some loss because they don't know much, that is when they come to know the reality that it is not as easy as they might have thought.

The issue is that it does not have to be that way, a newbie has all the time in the world to learn more about this market and about how to trade, and while there is not other way to reach the level of the pros other than trading, they could increase their level significantly by studying the markets, but by rushing their entry to this market thinking they can become rich in a matter of weeks they are basically sentencing themselves to suffer massive loses from which it is impossible to recover.

A common approach and behavior for someone who do just tending to start on touching up this market on which they are really having that kind of belief or mindset on which they are really that

trying out to go with that shortcut thing and realize later on when the time comes that you would really be that experiencing losses which we know that regret do always come at the end.
You would basically be able to make yourself be wary on the time that you would really be reading up other peoples experiences and ideas on which if you are really just that obliging yourself
on reading up with those things then sooner or later you would be able to make yourself that wary at least.

Just dont make yourself that greedy and dont make yourself that impulsive because if you wont really be following up these simple concepts or behaviors then you would
be finding yourself on some potential trouble or problem which you might faced on.