Post
Topic
Board Trading Discussion
Re: Beginners mentally about trading
by
Perfectbaby
on 28/02/2025, 09:10:26 UTC
It seems they underestimate how does the trading works, it seems you share here we might think its a crypto, we know how does the market volatile and people getting trade much with the market but if you are totally newbie could be a struggle into you if you don't know whats the next move if the market is not going into an uptrend, like recently the market goes into sideways if you are an inexperience newbie possible you make a position right there hoping to get pump with the use of the resistance and support but the market goes into other way because you don't have an idea there's a confirmation yet instead you missout the possible gains due to an early entry.

My question is, is it that possible for a beginner to start making profits from trading within 7-14 days? If yes, how was it to you when you started trading newly?

This could be if and only if they notice the huge pump and dump could take a ride to make a small profit. But the market gets calm their struggle is how to make ride again.
As I know no matter how brave and smart that newbie could be is not that really possible to make profits because of the market volatility and could stir up much panic on them, even if they involve in a pump and dump coin it could be really that difficult for them to realize when to take profits because they would first encounter beginners greed. Beginners greed is something that is too hard to control as when they start to see their coin pump they would think that would continue but before they knew it the market could go the the opposite way making them to lose their profits.