Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.
Definitely you are a spot trader which is not as risky as future trading. If it I future trading, you will have list all as using leverage will tempt you. Just continue to learn about reading and hmuse the amount of money that you can afford to lose to trade. The more you trade the higher the experience that you will have. You can be taught about trading but you can nit be taught how to make money from it you will need to get thsy yourself. Be patient and do not trade with higher amount of money.
You literally just started a month ago. Most people don't earn from their trading for years. Trading is really not something you can expect to earn money early on.
Some people will trade and lose and continue to lose until they stop trading. Trading is very
Risky even than some people think.
Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up.
You trading doesn't mean you can't have a long-term portfolio. You can do both trading and investing(as most successful people in this space do).
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If I should tell you the truth, I have been trading for over 3 years, holding is far better than trading.