Quote from: OGsmall on February 02, 2024, 09:52:38 PM

Many ~~newborns~~ newbie trader have always made this types of great mistakes all they just wanted is to just flex without hard work and I gist it doesn’t work like that.

From the little time I have been in the trader’s world leaning has been one of the key to success of many greater trader’s who are enjoying their self and their fame’s..
As a newbie’s trader you just have to pay the price of success before the flexing that the most important thing,

A traders are not same. For the fact that Mr A earns from trading and so also Mr B does not mean that both are same intellectually and financially. This is why a trader shouldn't imitate the spending habit of another trader because there are alot of variations.

Mr A can be an experienced trader while Mr B is an amature trader
Mr A could be trading with $10k capital while Mr B trades with $100
Mr A can be emotionally strong when his portfolio is at -70% while Mr B will shiver at -10%

Above all, newbies are always less successful in trading.

Quote from: Rruchi man on February 02, 2024, 11:20:52 PM

Quote from: OGsmall on February 02, 2024, 09:52:38 PM

Many newborns trader have always made this types of great mistakes all they just wanted is to just flex without hard work and I gist it doesn’t work like that.

If you just want money without the work involved in trading, then you will easily be drawn to pay and subscribe for signal groups that will just be giving you signals to make profit from. You can never become extremely successful trading if you depend on signal groups to trade, but you will just be turned into a dependent trader. A newbie to trading needs to understand even before they start the learning process to trade that it involves long term learning to be very successful as a trader. As a new trader, focus on learning first, do not be under pressure to want to start earning in a short time of just knowing basic trading methods and strategies.

I am not against signal groups especially if they give valid signals. It is not everyone that can fetch a cup of water from the wavey and stormy sea. If you cannot fetch, subscribe with someone or a group of people who can fetch and earn in a smart way. What I discourage as you said is total newbies subscribing to signal groups even when they have not learnt the basics of trading. The end effects would be disastrous.

Quote from: Text on February 03, 2024, 03:11:20 AM

I agree, focus on putting effort into learning and gaining knowledge and not rushing into the desire for quick gains or profits.
Trading is a gradual process that requires a solid foundation of understanding and skills, the temptation for fast money can often lead to mistakes and setbacks. It takes time to understand the market, and strategies and manage risk which are essential for long-term success.

Newbies pay less attention to this advice. Especially as bull run is on the way. They will think they know how to trade due to sudden movement of some coins. But when the real time comes, they will lose hugely and learn from their mistake.