Quote from: Lakai01 on Today at 11:19:59 AM

Quote from: batang_bitcoin on Today at 10:48:15 AM

Quote from: Xampeuu on Today at 06:31:44 AM

Many traders have minimal experience and immediately jump into real trading in the hope of making easy money, and in the end they regret it

That's okay, as long as they can take the risk and won't give up too quickly. They should have long term plans being a trader because profit from doing it, won't just come out overnight and the learning you'll get from your actual experience will be paid off.

Basically, I completely agree with you. Unfortunately, it is usually the case that newcomers to the market immediately burn through all their capital and classic short-circuit reactions, such as pouring capital into poorly performing trades, then catapult them out of the market.

Very few newcomers actually have the incentive and the necessary assertiveness to stay on the ball until their experience level is high enough. My tip for newcomers is therefore always to start with paper trades first and to continue doing so for at least 3 months. This way you avoid the classic beginner's mistakes, learn a lot about yourself and your reactions in stressful situations and can then use this knowledge to actually trade successfully.

They think that crypto is a classy way of earning money and becoming rich overnight. There's always the thought from the newcomers and sees crypto people have become rich doing that. They don't know that it's the same for everybody, you need to be knowledgeable as a trader and you need to be patient as an investor. So either of the two, they don't come easily and they have to grind all of their might until they reach to that point that they can make the actual easy money from the knowledge they have as a trader.