Topic: Don't do this mistakes in trading - page 5. (Read 1143 times)
I think trading and gambling are almost in the same circle. Greed is the biggest reason why people are facing more losses in trading. Initially when one gets profit from trading he thinks that he has got a good profit in a short period of time, then it gets in his head that he needs to profit some more money. In such a few steps he succeeds in trading. As he trades more and more hoping for more profit, he loses his money gradually. The key is to control both greed and patience to trade, otherwise if you get completely addicted to trading you will not hesitate to sell any of your valuable assets later on.
One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
- That is something that a novice in trading should not do. But no matter how many times someone says such reminders, there are still many stubborn people who enter trading.
That is their main reason for entering trading.
Because if you want to make money quickly in trading, that means you will also quickly hate this field of crypto space for sure, and you can even curse it because you have high expectations about the industry of crypto space.
Greed is always in present in trading. But if you want to except with trading profits, don't be highly greedy but learn to control your greed and control your emotions when trading, the only key so you can gain excellent profits from trading.
The most important strategy in trading strategy is not to be overly greedy. Those traders who are more greedy in the trading platform suffer the most. Here is the perfect proof of this. I bought TIA for trading a few days ago and gained close to $50 again in a short period of time since I bought it but I was expecting more. Later the market dumped and my portfolio was reduced a lot. Currently I am at a loss of $290 against a profit of $50. So I mean the only reason I lost $290 here is because I was greedy. If I hadn't been greedy and traded with small profits, I wouldn't have lost $290 today. So I would say never get overly greedy on a trading platform.
Trading will never make you instantly rich, so you don’t have to jump into trading and think immediately about making profits. Majority of novice traders trade not because they want to learn trading, but because they want to satisfy their greed for profits, that’s why we’ve been seeing them trading even when the market is not suitable to trade. The reminder to trade only when you are ready and when the market only favors your trade is never new to us. But it seems it’s only easy to say but hard to do for novice trades.
Newbies traders are too self-absorbed to care about anything else but their own desires, and honestly believe that just because they want to make money the markets must accommodate them, a mistaken notion but one that is very common among those newbie traders, and once they predictably fail, they begin to make all kind of outrageous claims about the whole market of cryptocurrencies being a scam, when it was their own choices what caused them those terrible losses.Yes and it is a long road and in fact a rabbit hole. The you know about the market, the more you will realize that there are still still lot of things that you don't know. And if you want your own trading journey to get rich or successful fast, you are doomed to fail. In trading the more you force thing the more likely you are to lose money. And it's beautiful because you need to find order in your own life first before you find success in trading. You cannot expect yourself being undisciplined in your life and be disciplined in front charts. Doesn't work that way. SO to improve your trading is to improve your life also.
Greed is a natural human reaction to something they consider an opportunity. This also leads to the number one point the OP mentions about where people became so aggressive and took bold action that cost them badly. The only thing that can overcome all these weakness for a trader is discipline with a money management strategy. If you set a bunch of rules for yourself when trading crypto that you can not break and you follow these rules no matter what, your greed won't hurt you anymore.
Trading will never make you instantly rich, so you don’t have to jump into trading and think immediately about making profits. Majority of novice traders trade not because they want to learn trading, but because they want to satisfy their greed for profits, that’s why we’ve been seeing them trading even when the market is not suitable to trade. The reminder to trade only when you are ready and when the market only favors your trade is never new to us. But it seems it’s only easy to say but hard to do for novice trades.
Newbies traders are too self-absorbed to care about anything else but their own desires, and honestly believe that just because they want to make money the markets must accommodate them, a mistaken notion but one that is very common among those newbie traders, and once they predictably fail, they begin to make all kind of outrageous claims about the whole market of cryptocurrencies being a scam, when it was their own choices what caused them those terrible losses. 
One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
- That is something that a novice in trading should not do. But no matter how many times someone says such reminders, there are still many stubborn people who enter trading.
That is their main reason for entering trading.
Because if you want to make money quickly in trading, that means you will also quickly hate this field of crypto space for sure, and you can even curse it because you have high expectations about the industry of crypto space.
Trading unnecessarily just because they have fixed number trades to done as their goal is another common mistake done by most of the day traders. They forget to add trading fee and other expenses while calculating the profits which will let the capital to drain gradually at unnoticeable rate even though the loss incurred due to this is very minimal still it's waste of time and resources that can be utilised onto something profitable.
One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
- That is something that a novice in trading should not do. But no matter how many times someone says such reminders, there are still many stubborn people who enter trading.
That is their main reason for entering trading.
Because if you want to make money quickly in trading, that means you will also quickly hate this field of crypto space for sure, and you can even curse it because you have high expectations about the industry of crypto space.
Quote from: livingfree
Greed is one factor that many does a mistake. Whether they're traders or investors of meme coins or any hype tokens nowadays if they are greedy and don't take profits, they're likely to miss opportunities of profiting and will miss selling at the right time.
I guess is very common among newbies traders in the market because they will be forming that they know it all, not knowing that they don't know how to make the suitable profit from the bul run because they still lack some skills from the field.Quote
Actually, it doesn't have to be a right time. As long as they have already made some profit and depends on what kind of percentage you've made, then it is for sure possible for you hit your targets as long as they're achievabl
Just ensure that if you want to trade the coins in the market it will lead you to success and, you will not regret your decision you take towards the market price, which are best sign others traders will use to rate you as a talented traders in the market. Always trade with the amount that you can afford to lose. Not every trader earns a lot but most of them got through several experiences and bad trades and that's why if many of them are earning really well, it's because that they've gained that through their stay in the market.
And we will never know how much losses and pain that they've been through just to understand how the market works and build their own trading strategies because not everyone goes to that point of being good as soon as they try trading. So whoever stays, are the ones that benefits and gets most of the market.
By using capital that we can afford to lose if we lose that capital, this will enable us to learn from the mistakes we made and we will try again to trade so that we have a lot of experience which will make us successful when trading and if someone cannot learn from the mistake they make is of course that they will leave the trade and never try to trade again.And we will never know how much losses and pain that they've been through just to understand how the market works and build their own trading strategies because not everyone goes to that point of being good as soon as they try trading. So whoever stays, are the ones that benefits and gets most of the market.
Yes, of course we never know how much we have lost from trading, but they will be able to get back what they have lost once they understand well how to analyze the market and control themselves when trading.
Being too greedy in trading leads to losses at the end of the day. So in trading you must control your emotions and trade only the amount you can afford to lose And before trading you must try to get detailed knowledge about this. There are many traders who have been trading for years but they are not able to make such good profit at the end of the day, in this case the trader may not know about many things that how to do it. No you must keep in mind that there is a possibility of loss while trading and you have to keep in mind to make profit through this loss and be patient and trade with proper strategy. So hopefully you can earn good amount of profit from here.
Always trade with the amount that you can afford to lose. Not every trader earns a lot but most of them got through several experiences and bad trades and that's why if many of them are earning really well, it's because that they've gained that through their stay in the market.And we will never know how much losses and pain that they've been through just to understand how the market works and build their own trading strategies because not everyone goes to that point of being good as soon as they try trading. So whoever stays, are the ones that benefits and gets most of the market.
Being too greedy in trading leads to losses at the end of the day. So in trading you must control your emotions and trade only the amount you can afford to lose And before trading you must try to get detailed knowledge about this. There are many traders who have been trading for years but they are not able to make such good profit at the end of the day, in this case the trader may not know about many things that how to do it. No you must keep in mind that there is a possibility of loss while trading and you have to keep in mind to make profit through this loss and be patient and trade with proper strategy. So hopefully you can earn good amount of profit from here.
It's always a greed that causes all of this at first because once the greed takes in then more problem most likely will appear. For example the greed to recover losses and gaining more profit makes you lose your management and your emotion control which makes your trading lose and if you are greed then you have no sense of stop, pretty much you will use the money that is not supposed to use so that's more trouble for that person.
Hmm, it's not all about greed only, yup there's a significant role of greed what I think where most people fall into the trap of the market is the un-disciplined nature as a core principle of trading, discipline helps to control the greed, and other sort of emotions while trading.
People check the social media and forum full of tips & tricks and by them selves as well they post and pretend like they are following most of the rules TBH, just 5% of them are the reallf followers of their own words even myself, in my early trading days was just posting these tips not following but form quite some time I've implemented them strictly and there's a massive difference in my outcomes from the market.
I'm sorry OP but these two points you mentioned are nothing but unique. Actually, you'll find this kind of advice all over the forum, you haven't pointed out anything that's particularly exclusive to justify the opening of a new thread. Although what you mentioned is true, greed and spending more money than you can actually afford, are two of the largest plagues, especially for a beginner, it has been mentioned several times already, luckily though, some users have added their feedback as well.
Well you have your point here. But let’s just think for the upcoming beginners that will bump on this thread. While this sounds already redundant, but still a worth topic to discuss. Now back on the topic, these two you have pinpointed are actually the reasons why traders end up losing so much. However, I think the very most reason why traders lose is that they don’t have control on their emotions. Even if they say they have gained high knowledge and experience with trading, but the fact that they trade based on their emotions that will lead them to wrong decision making, then their trades will still most likely end as failed or loss trades. Trading is a game of mental and emotional aspects, if you don’t excel on that, you will never be good in your trading performance.
I'm sorry OP but these two points you mentioned are nothing but unique. Actually, you'll find this kind of advice all over the forum, you haven't pointed out anything that's particularly exclusive to justify the opening of a new thread. Although what you mentioned is true, greed and spending more money than you can actually afford, are two of the largest plagues, especially for a beginner, it has been mentioned several times already, luckily though, some users have added their feedback as well.
What I know now that we would always make mistakes in trading especially when we are new to trading and don't have good knowledge of what to do when we can in some certain situations. Fine woman mistakes with time onw can adjust and make things easy and spend some times to learn more for a better kick off. We can make mistakes but when we are not ready to improve, we could find ourselves in a big shit that might be difficult to resolve. One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
Ignorance about what people are getting into is probably the number one reason they suffer huge losses on the markets, and we have evidence of this all over the forum, with newbies asking in which meme coin they should invest to make millions in a matter of weeks, and when we try to convenience them that is not how the markets work, they accuse us of trying to limit them or of being ignorant ourselves, and only once they taste defeat they reconsider the position they held, but at the time their losses are already too big to ignore. 
I think that in adhering to the positive things one should do before trading, the mistakes that are negative will be automatically avoided naturally.
Trading with money one can't afford to lose sometimes is the risk taking for some and there's no individual who truly knows better how much it is they are willing to lose when they get so interested in quick expected returns.
It's the discipline to be more decisive and focused that every potential or practicing trader should enforce inorder to be more successful at trading.
Trading with money one can't afford to lose sometimes is the risk taking for some and there's no individual who truly knows better how much it is they are willing to lose when they get so interested in quick expected returns.
It's the discipline to be more decisive and focused that every potential or practicing trader should enforce inorder to be more successful at trading.
It's always a greed that causes all of this at first because once the greed takes in then more problem most likely will appear. For example the greed to recover losses and gaining more profit makes you lose your management and your emotion control which makes your trading lose and if you are greed then you have no sense of stop, pretty much you will use the money that is not supposed to use so that's more trouble for that person.
One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
But I think this kind of mistake is more often made by beginners who have just come to get involved, the mistake is as you say that they are careless in making decisions without being accompanied by a correct understanding of the world of trading and I don't understand what you call other mistakes such as they don't think about selling at high prices because obviously this mistake will not exist in the mindset of someone who has been involved in trading for a long time.In my opinion, it is a general mistake that is often made or difficult to ignore by traders whether they are beginners or even old ones, namely in terms of self-control where most of them find it difficult to control their emotions when the previous session ends in a loss where obviously such a situation will be able to disturb their calmness and psychology in terms of making decisions which in the end make decisions that are not right because they are based on emotions, therefore if for example we want to become a successful trader then not only in terms of the material that we must learn and understand but also the following by training ourselves, such as mental and psychological which is the basis for decision making.
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