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.
Trading is not any easy task. trading is a professional task. The more time you waste here and the more you lose, the more expert you will become. One cannot learn about trading or become an expert in trading very quickly. I would suggest you to continue trading with very small amount and keep note of your mistakes and continue trading. Then gradually you will become an expert on your own. you must have patience in this case
Trading is actually not difficult if you really learn it, what is difficult is fighting yourself, controlling your emotions. Because basically trading does not have to be professional, if professional it is better. However, everyone who will start from the bottom, cannot immediately become a professional and then be able to trade, even professionals start from beginners.
For beginners if you want to start trading, understand the basics of trading first because this is the most basic thing to become a professional, understand the basics of the coin you want to trade in order to be able to analyze the market properly. Make a detailed trading plan so that you have a target and of course you must be disciplined in carrying out trading activities. The last and most crucial thing is to start trading with a small capital so that when you experience a loss it is not painful and you can take wisdom from the loss because believe me every trade must have a loss.