Quote from: leonair on May 02, 2024, 05:33:44 PM

Quote from: shisotsu on December 09, 2023, 11:21:31 AM

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

Good to see that you have at least trying to learn about trading some of US they even don't know the name of Technical Analysis and what is psychology effect on trading. Anyway even then you have a acquire some knowledge about trading I will say that there is still the risks so in this that much fund what you can afford to lose. I can also start with Bitcoin long term strategy like DCA method which is with low risk

The point is, never get bored of continuing to learn, the more we learn, the more time goes by, the more it will make us become good traders. You must also learn while practicing, because theory may be easier to understand in trading than direct practice. Because in studying (theory) there is nothing that makes us mentally motivated, whereas when doing practice, apart from having knowledge, we also have to have sufficient mentality, including controlling emotions.
There is nothing impossible for us to do as long as we don't give up and continue to update our knowledge. Because that will be the main basis. We also have to form a good and correct mindset, lest we think that by trading we will quickly become rich. That would be dangerous.