5 Mistakes I Made as a New Crypto Trader (And How You Can Avoid Them)!!

[Glow]

What you say is okay, op, and I also think that it will still add to the knowledge of others here as reminders, although I know there are many other reasons why some traders do not make progress in this crypto industry.

And one of them is not to be greedy, this is the usually common thing that really happens why other traders lose, but if they do not become greedy,
then for sure they will get a profit in the end.

You are absolutely correct and I agree with you that not being greedy in crypto trading is a very good and useful skills to master and have ,the market moves and sometimes it's a real bull or bear run while other times its a fake out it will look like it's moving and when u jump in expecting to capitalize it might move a little in your favour then reverse back but if u understand market structure and catch that early it's better to close with little profit than having a major drawdown and loss in your hands. So not being greedy really helps in trading.

[Glow]

It's true but loss is part of the game in fact if someone can't cope with loss while trading then I don't think trading is for that person because trading is not designed for you to always win there are losses too but trying to make the profits more than losses is what a profitable trading is all about.

[Rruchi man]

What were your biggest mistakes when you started trading? Lets help each other grow, thank you.

I believed that the trading academy could teach me all that I needed to know concerning trading, and then I paid some amount of money, and at the end of the day, I ended up learning nothing but the basics and things that I knew before I even joined the academy. The big lesson learned is that if you must join a trading academy, do not join with high hopes for high expectations.

[bitterguy28]

What were your biggest mistakes when you started trading? Lets help each other grow, thank you.

I believed that the trading academy could teach me all that I needed to know concerning trading, and then I paid some amount of money, and at the end of the day, I ended up learning nothing but the basics and things that I knew before I even joined the academy. The big lesson learned is that if you must join a trading academy, do not join with high hopes for high expectations.

maybe you joined an academy that did not offer much in terms of expertise or knowledge? because i know some people who also paid to learn how to trade and they did end up becoming successful traders though i suppose not every program is the same and you really need to find something that is actually helpful

aside from that you should also take some initiative to learn even outside the academy because the academy can only teach you so much and it’s still up to you how to use that knowledge and expand that even more

[Mr. Magkaisa]

What were your biggest mistakes when you started trading? Lets help each other grow, thank you.

I believed that the trading academy could teach me all that I needed to know concerning trading, and then I paid some amount of money, and at the end of the day, I ended up learning nothing but the basics and things that I knew before I even joined the academy. The big lesson learned is that if you must join a trading academy, do not join with high hopes for high expectations.

maybe you joined an academy that did not offer much in terms of expertise or knowledge? because i know some people who also paid to learn how to trade and they did end up becoming successful traders though i suppose not every program is the same and you really need to find something that is actually helpful

aside from that you should also take some initiative to learn even outside the academy because the academy can only teach you so much and it’s still up to you how to use that knowledge and expand that even more

      -      You know, I have an acquaintance who said he attended other sessions about trading several times, he even paid for a few sessions, but the things he taught were very basic, and he only tackled and hyped the attendees more on motivational topics.

But the one time we talked on messenger, I only answered a few of the questions he asked me, and when I answered him with a simple explanation, he said what I said made more sense than the seminar he attended about trading. I just told him that if he had a question and didn't understand, he could ask me and I would answer if I could explain. I said this not to brag, I just told him because if he was really interested, we would learn it really quickly, and the one at the academy was just a bonus.

[Hisbullah]

      -      You know, I have an acquaintance who said he attended other sessions about trading several times, he even paid for a few sessions, but the things he taught were very basic, and he only tackled and hyped the attendees more on motivational topics.

But the one time we talked on messenger, I only answered a few of the questions he asked me, and when I answered him with a simple explanation, he said what I said made more sense than the seminar he attended about trading. I just told him that if he had a question and didn't understand, he could ask me and I would answer if I could explain. I said this not to brag, I just told him because if he was really interested, we would learn it really quickly, and the one at the academy was just a bonus.

You are a good person, because you are willing to answer your friend's questions and explain them well. because there are few people who want to do that, because most of them are greedy and don't want to see other people succeed. I have never attended a seminar or joined a VIP group that discusses trading, because I prefer to learn by myself

[Crypto Library]

The points you mentioned are actually common problems faced by most new traders. And because of these problems, they face many problems when they go into futures and which also makes them regret it. I myself have made almost all of the five mistakes you mentioned, although I tried to track my losses and profits, but due to the lack of a proper plan and strategy, I faced many losses just because others took my initial trades. So I think each of the above points is important that a trader needs to know before starting trading.

[milewilda]

Final Thought: Everyone makes mistakes, especially in crypto where things move fast. But if you can learn from others’ experiences,and also acquire appropriate knowledge needed and always learning because in crypto nothing is certain and changes always happen so your are always learning you’ll save time and money.
What were your biggest mistakes when you started trading? Lets help each other grow, thank you.

We cant be perfect and mistakes could inevitably happen on which simply means that if you do need up to adjust then you should be doing it and if you do need up to do on which you do seem which is right. Just like been said that experience would be the best teacher and there's no way that you can learn up things accordingly. Somehow reading up others comments or those advises or real time experiences will be giving out that kind of idea on which later on you could be able to apply it out on your own. There are those times or moments that you can be able to avoid just because you had been ableto read up earlier on how those past experiences of others resulting into. In other situations on which this could also be leading up into that advance thinking on which we can say that its an advantage because you've been wary about into those probabilities.

[bhadz]

I do not mind about the trading fees because they are not that much. Or that is my mistake of not thinking about them and when they consolidates, the amount gets bigger. And someone who trades without a plan will reach that point of losing everything and only wants to trade because they have seen others profiting from it.

[kulkhan]

Great, i think this post will be helpful for new traders even some old traders also. I think new traders mainly need proper knowledge and training. Without proper knowledge newbies will made mistake and lose his valuable fund there has no doubt.

And your mentioned point also very important. If newbies follow your advice and gether proper knowledge about trading then they will be successful today or tomorrow otherwise his fund will be risky.

[Z-crypt]

What were your biggest mistakes when you started trading? Lets help each other grow, thank you.

I believed that the trading academy could teach me all that I needed to know concerning trading, and then I paid some amount of money, and at the end of the day, I ended up learning nothing but the basics and things that I knew before I even joined the academy. The big lesson learned is that if you must join a trading academy, do not join with high hopes for high expectations.

maybe you joined an academy that did not offer much in terms of expertise or knowledge? because i know some people who also paid to learn how to trade and they did end up becoming successful traders though i suppose not every program is the same and you really need to find something that is actually helpful

aside from that you should also take some initiative to learn even outside the academy because the academy can only teach you so much and it’s still up to you how to use that knowledge and expand that even more

      -      You know, I have an acquaintance who said he attended other sessions about trading several times, he even paid for a few sessions, but the things he taught were very basic, and he only tackled and hyped the attendees more on motivational topics.

But the one time we talked on messenger, I only answered a few of the questions he asked me, and when I answered him with a simple explanation, he said what I said made more sense than the seminar he attended about trading. I just told him that if he had a question and didn't understand, he could ask me and I would answer if I could explain. I said this not to brag, I just told him because if he was really interested, we would learn it really quickly, and the one at the academy was just a bonus.

I do commend you honestly because most trading academy are mainly established mainly because of the money they would charge. They don’t really create value and they all mostly charge outrageous fees. Because of that i sticked with learning myself when i started out trading, YouTube was my go to place for learning then and now because we all learn something new everyday.

[taufik123]

-snip-
Because of that i sticked with learning myself when i started out trading, YouTube was my go to place for learning then and now because we all learn something new everyday.

Learn self-taught and it can be successful if there is the intention and willingness to continue learning.
Moreover, now learning is easier and you can rely on AI as an assistant to know various kinds of knowledge including trading and you just have to ask the AI and it will be answered according to the data that the AI has.

[DragonF]

-snip-
Because of that i sticked with learning myself when i started out trading, YouTube was my go to place for learning then and now because we all learn something new everyday.

Learn self-taught and it can be successful if there is the intention and willingness to continue learning.
Moreover, now learning is easier and you can rely on AI as an assistant to know various kinds of knowledge including trading and you just have to ask the AI and it will be answered according to the data that the AI has.

Truly, there is a lot to learn about trading online. There are online teachers whose services are free and so it takes only a trader with the right mindset and focus to put good use of those things learnt through practice. Trading is not theoretical and so as a trader learns there is need for the practical aspect of it.

As you mentioned, AI can provide answers to any question asked, so a trader can take advantage of this by asking basic trading questions and receiving instant responses that can help him improve his trading skills.

[Glow]

-snip-
Because of that i sticked with learning myself when i started out trading, YouTube was my go to place for learning then and now because we all learn something new everyday.

Learn self-taught and it can be successful if there is the intention and willingness to continue learning.
Moreover, now learning is easier and you can rely on AI as an assistant to know various kinds of knowledge including trading and you just have to ask the AI and it will be answered according to the data that the AI has.

That's true I have never had a tutor or went to an academy,all I know about trading was self taught and lessons hard learnt,most things about trading that is important for people to know is through your own mistakes and experiences, I started with a 10$ account and carefully was able to grow it to a steady 60$ account and that was a great achievement for me but then I started getting ahead of myself and being overconfident with my trades and the market also started changing dynamics which all lead to my losses started being more than my profits ,then I realised that there is more to the crypto market than what people know about it,then I started another research and from then I have never stopped learning abt crypto which has been very advantageous to me.

[taufik123]

-snip-
As you mentioned, AI can provide answers to any question asked, so a trader can take advantage of this by asking basic trading questions and receiving instant responses that can help him improve his trading skills.

AI nowadays helps everything in any way, we can learn very easily and there is no reason to be lazy anymore or because there is no mentor etc, AI becomes a mentor that will answer all your questions about trading and other complex things and of course this is based on the specific data that the AI learns.

-snip-
then I realised that there is more to the crypto market than what people know about it,then I started another research and from then I have never stopped learning abt crypto which has been very advantageous to me.

The crypto market is very vast and complex, you will never run out of learning about it, there will be something new so that crypto is the future that needs to be learned.

Learn crypto and start trading and investing, it is a goal that provides profits so you know how crypto works to make money.