There are MANY mistakes that people make because they don’t understand the actual concept of trading, which is what creates all the problem. If we understand the concept of a certain thing then we will RARELY make mistakes via doing it. I am not saying that makes you predict things, but it helps you avoid mistakes which are more through lack of understanding.
I am not an expert or want to be but I do understand how to make money through it. And it is also very important to pick the right exchange to work, I prefer Bitmex, which got the ingredients required for a normal person.
You can read Bitmex review too, which should help you understand their level and reach. So, these are BASIC stuff that one requires to know and understand.
Topic: 11 Mistakes you should never do in crypto trading✌✌ (Read 2240 times)
The biggest mistake is to hope for a big and fast profit. In this forum, I see a lot of questions from newbies. An example of such questions is: how to quickly increase capital, how to reduce losses, etc.
its not a mistake to hope because hoppping can give you a motivation to push more . yet that is inapropriate to keep asking for an easy way or short cuts because that is an example of spoon feeding already and you cannot learn better if you dont start at the beginning or the hard way .
but theres nothing wrong on seeking for advice because those can somehow improve your trading performance .
I notice some mistakes too, here they are:
Not doing enough research
Ignoring basic fundamental charts
Panic selling
Not having an exit plan
Looking for the Next big coin
Only investing in a single coin
Not doing enough research
Ignoring basic fundamental charts
Panic selling
Not having an exit plan
Looking for the Next big coin
Only investing in a single coin
Upon all the advices i will stick to the number one that had been mentioned and thats about be GREEDY
if we will only put this in mind and keep everytime we do trading,for sure good outcome is what were facing
Being contented in small profit is enough that making chances in higher but in the end,will become loser
if we will only put this in mind and keep everytime we do trading,for sure good outcome is what were facing
Being contented in small profit is enough that making chances in higher but in the end,will become loser
The biggest mistake is to hope for a big and fast profit. In this forum, I see a lot of questions from newbies. An example of such questions is: how to quickly increase capital, how to reduce losses, etc.
its not a mistake to hope because hoppping can give you a motivation to push more . yet that is inapropriate to keep asking for an easy way or short cuts because that is an example of spoon feeding already and you cannot learn better if you dont start at the beginning or the hard way .
but theres nothing wrong on seeking for advice because those can somehow improve your trading performance .
I think one should make a small targets to achieve when in trading like 5%, 8% , 10% etc. When these target get hits they should sell and do not be greedy for more profit as we never know when the coin may dump. In this way our loss will be minimize in trading and we will only gain profit.
The biggest mistake is to hope for a big and fast profit. In this forum, I see a lot of questions from newbies. An example of such questions is: how to quickly increase capital, how to reduce losses, etc.
yes, everyone hopes that way but it's just that they did it wrong. if you want to be like that, of course you also need patience and the right time when to sell it. but now if it is done it is very wrong because it is difficult to make a profit. The biggest mistake is to hope for a big and fast profit. In this forum, I see a lot of questions from newbies. An example of such questions is: how to quickly increase capital, how to reduce losses, etc.
its not a mistake to hope because hoppping can give you a motivation to push more . yet that is inapropriate to keep asking for an easy way or short cuts because that is an example of spoon feeding already and you cannot learn better if you dont start at the beginning or the hard way .
but theres nothing wrong on seeking for advice because those can somehow improve your trading performance .
The biggest mistake is to hope for a big and fast profit. In this forum, I see a lot of questions from newbies. An example of such questions is: how to quickly increase capital, how to reduce losses, etc.
These are really things that traders suffer from a lot of transactions, which is also the main reason for their heavy losses when they do not follow the working principle.
I think they should record 11 things before deciding to invest in anything. I am a teacher and I am familiar with these rules.
I think they should record 11 things before deciding to invest in anything. I am a teacher and I am familiar with these rules.
Yes, my friend, following this rules is extremely important. However, I am trying to keep in mind also another stuff: never deal only with one altcoin. That is why I have about 16 tokens and Bitcoin in my portfolio.
Indeed, it is useful. I agree with all ten errors in cryptography. This is a very interesting and important point that cannot be ignored. You should always be aware
Everything that the guy has written here, is true. However, each of us makes these mistakes again and again, even when he understands it. Unfortunately, it is difficult to cope with emotions.
Thanks for sharing ideas to avoid mistakes while in trading, in number 11 joining in telegram pump and dump group is useful but it's sad to say before they can got profits need to pay huge of amount to join is also worhles.
These tips and strategy it will be useful for me and ofcoarse to the newbie who needs a lot of information so that they will not make mistake while in they doing trading. They need to follow or use it for themselves not for us for their own successs.
When engaging in the field of crypto trading, you should never involve your emotions. Trading is not all about winning and success, be prepared and learn to control your emotions. Set plans and goals, and act accordingly. We all make mistakes, don't get frustrated, don't be trapped with disappointments, learn from them and move forward towards better future. These tips and strategy it will be useful for me and ofcoarse to the newbie who needs a lot of information so that they will not make mistake while in they doing trading. They need to follow or use it for themselves not for us for their own successs.
Absolutely! These are very interesting and informative tips that can help us assess what proper approach and strategies to take for us to stay informed and help us decide creatively. Failures and mistakes are part of growth and success, never be afraid to fail, learn from it, and use it as a platform to be productive and efficient. Focus on the lesson and continue to grow.
These tips and strategy it will be useful for me and ofcoarse to the newbie who needs a lot of information so that they will not make mistake while in they doing trading. They need to follow or use it for themselves not for us for their own successs.
Really useful info for newbies in Trading! Thank author.
Indeed, it is useful. I agree with all ten errors in cryptography. This is a very interesting and important point that cannot be ignored. You should always be aware
Awareness is the other name of wisdom so I think those who are having faith on crypto should be aware of all those miner points which can change to profit to lose and lose to bigger profit, this is surely very informative even an experienced traders can get better result after following the given tips, because all of given tips are highly useful, so be smart and work smart relax yourself as a trader because if you will be worry it will be hard for you to take good decision. hero member
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11 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING 
3/ Never invest your all money in one coin you must diversity.
I agree with this rules. Cause so many traders make this mistakes on their trading. They like to invest their whole money into one coin. It is very risky strategy and I don't like this type of investment. It is better to invest minimum into 3-4 coins. 3/ Never invest your all money in one coin you must diversity.
It experience that count.
11 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING
3/ Never invest your all money in one coin you must diversity.
I agree with this rules. Cause so many traders make this mistakes on their trading. They like to invest their whole money into one coin. It is very risky strategy and I don't like this type of investment. It is better to invest minimum into 3-4 coins. 3/ Never invest your all money in one coin you must diversity.
Indeed, it is useful. I agree with all ten errors in cryptography. This is a very interesting and important point that cannot be ignored. You should always be aware
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