Post
Topic
Board Trading Discussion
Re: What should newbies do in trading?
by
2Pizza410000BTC
on 14/03/2024, 23:53:13 UTC
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
All traders new to trading and veterans should follow the same strategy. You lost $90 out of $120 because of your mistake. It is always better to buy from the dip while trading. You may have bought from a market which results in a lot of losses if the market goes down further. If you can get enough knowledge about trading then that is good for you but watching videos from youtube will help you more if you can try yourself but always remember don't be greedy in trading platform if you are greedy. Then you will not be successful no matter how much experience you gain in the trading platform.