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Topic: 11 Mistakes you should never do in crypto trading✌✌ - page 10. (Read 2211 times)

sr. member
Activity: 630
Merit: 258
I think the ten mistakes are; don’t believe easily, lots of scam,
being afraid in unexpected loss, easily hold back, too afraid to invest, always not bares with risk, play safe and etc.
hero member
Activity: 1134
Merit: 517
I can invest all my money in bitcoin and I think there is nothing wrong with that, rather than diversifying my money into shit useless tokens bitcoin is much more better investment now  Smiley
The conventional thing and what every seasoned trader would have one do, is to always diversify one's investments, because of eventualities or circumstances beyond one's control and know for sure that there're also other credible coins besides Bitcoin. However, we have seen situations where going against the crowd turns out a right way and so if you have found a way to remain on top of the game, capitalized and make the most out of it.

jr. member
Activity: 126
Merit: 2
i think 1 mistake from newbie is follow pump channel and action with that , pump channel can give you profit and loss , chance to loss is more big than profit because its fast moment for buy and sell
member
Activity: 336
Merit: 11
I am no stable coin. to the mooonn.. and back
This is really a new and good quality post  Smiley I have nor merit points otherwise I would have given you the Merit as this post really deserve it. I have bookmarked this post and I would like to add that I will practice this 10 steps for both trading and Investing and let you know how these points really work in practice or in implementation. Even i believe that if i follow these steps then my account is not going to see any kind of loss, and i think everyone must believe in these points and implement them soon.
newbie
Activity: 78
Merit: 0
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

LET'S START  Cool

1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

3/ Never invest your all money in one coin you must diversity.


4/ Don't sell your coins at loss,don't get into panic sale.Because if you brought protensial coin, then don't sell your coin if it dump.Because it will grow again after some days.

5.Never invest all btc in altcoins keep some btc in wallet for right time.If you like one coin most,don't invest your all money on this coin.Keep some btc for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale.You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.

Guys if you follow this 10 strategy, then I'm sure you will be safe from losses. Cheesy Cheesy

1. im happy to earn 50~100% profit by riding the crypto wave...

2. when bitcoin is bullrun, its the perfect moment to all in alt coin

3. it makes little sense if you know what your doing, diversify is a protection for ignorance

4. cut loss... there you go, if people have sold their bitcoin in the recent bear run at 12k, they would not lose 70% until now. know when to quit
newbie
Activity: 331
Merit: 0
very informative and supportive facts.  Totally every rule to follow to be a good trader or an ico investor. Thanks for sharing all these. keep up the good work
sr. member
Activity: 602
Merit: 262
maybe you are right, but your toughest enemy is yourself.
I strongly agree with point number 10 but because some people ignore it, I'm sure many people buy bitcoin when it costs 20k $ and now it's selling it.
that's why I say your greatest enemy is yourself.

Absolutely right yourself is your no. One enemy (emotional trader can result losing of money) , the tip of TS are really helpful especially for the begginer that want to enter in trafing industry.
The no. 1 tip in the openning page are the one you need to know in trafing industry.
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

LET'S START  Cool

1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.


8/ Don't do trading with your emotions keep them aside.

This numbers that i will gave my opinion accordingly.

1. 10% is depends on the coin that you bought if you see it have a more chance to get up don't limit it to 10% or if you are playing safe sell 50% of your coin at 10%

2. It depends not all altcoins are decreasing its price it depends on bitcoins momentum.

8. You can't keep your emotions aside instead use your emotions to control the situation.
newbie
Activity: 196
Merit: 0
I have only one mistake that I never fix, it's me too hasty when the price of the coin drops and I'm afraid to sell them so I'm losing money, I can not wait patiently, keep looking at them.
full member
Activity: 334
Merit: 100
 One huge mistake will always stay the same both on crypto and on gambling and honestly anything to do with money ever. Do not trade with the money you don't have. If you are going to be in trouble when market crashes than don't trade your coins that you do not own yourself. Be careful with how much you trade and always trade or invest with the money you are willing to lose. If you are not doing that, you will end up in big losses for yourself and it will take a lot of time to recover from that setback.
jr. member
Activity: 158
Merit: 2
Thanks for your tips about crypto trading and you are right we should never let our emotions control our strategy in trading due of crypto is volatile, also dont be greedy be satisfied if we gained good profit cause there is possibility that our assets dropped and being day trader is difficult we should have proper knowledge about trading before entering day trading.
full member
Activity: 1554
Merit: 101
maybe you are right, but your toughest enemy is yourself.
I strongly agree with point number 10 but because some people ignore it, I'm sure many people buy bitcoin when it costs 20k $ and now it's selling it.
that's why I say your greatest enemy is yourself.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.


I don't agree to this statement, As what they say experience and mistakes are the greatest teacher, don't be scared to lose. Whenever you lose in a trade don't forget to continue going forward.
It is hilarious when I see people come up with statements such as this about just hitting the market and trying to gain experience even without learning. Should I tell you what is imminent for you in such situation ?

Failure and a very huge one for that matter! You need to gain a lot of knowledge and start with practicing with the knowledge you have gained with little, which is where the experience will then start kicking in until you gain confidence and get better, but trying to use experience alone is more like trying to play with fire.
sr. member
Activity: 1596
Merit: 264
These are pretty much the basics that every traders should know before they even step in into trades. Tactics like "sell at high, buy at low" pretty much have covers almost or at least all of these.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

LET'S START  Cool

1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

3/ Never invest your all money in one coin you must diversity.

4/ Don't sell your coins at loss,don't get into panic sale.Because if you brought protensial coin, then don't sell your coin if it dump.Because it will grow again after some days.

5.Never invest all btc in altcoins keep some btc in wallet for right time.If you like one coin most,don't invest your all money on this coin.Keep some btc for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale.You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.

Guys if you follow this 10 strategy, then I'm sure you will be safe from losses. Cheesy Cheesy
Im planning to enter the riskiest part of cryptocurrency and that is daytrading actually im hesitant because i know how i can lose if i dont do the right way,but now as i have read your advices I strongly believe that i can be a successful trader jus follow this rules

Thank you for this dude i owe you with something good to learn
full member
Activity: 406
Merit: 100
One of it is when someone will send you a link, ask first if what is that link. It is better if you will ask the sender that he/she is the one who will open the link then screenshot what is in there. Do not click or open any link or apps or ads immediately. I have a lot of friends who already scammed their coins.
full member
Activity: 518
Merit: 145

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.


I don't agree to this statement, As what they say experience and mistakes are the greatest teacher, don't be scared to lose. Whenever you lose in a trade don't forget to continue going forward.

Oh please! You are meant to be trading, not gambling!!. If you do not have any trading knowledge, whether you like it or not you are going to keep losing until you lose everything, and if you want to continue, you are going to simply be like those who keep repeating the same thing and expecting different results.

Anyone who trades without a strategy in place is gambling and without knowledge, you cannot even be able to come up with any strategy at all. The thing is that, after learning, you are bound to make mistake which is inevitable, but that is when the experience now comes in gradually, but skipping the learning path and thinking you can just get better with experience, you are doomed to fail and get frustrated at the end.
newbie
Activity: 14
Merit: 0

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.


I don't agree to this statement, As what they say experience and mistakes are the greatest teacher, don't be scared to lose. Whenever you lose in a trade don't forget to continue going forward.

Well, I'd say it depends Wink Depends on what kind of personality you are.
Because mistakes could cost you and thus most people tend to get into an avalanche of mistakes resulting in going broke and unhappy. Very few people will learn and go on.
My guess is that the message here is pretty straightforward, i.e. be aware of possible consequences and don't complain because I have warned you Wink That's it, IMHO.
hero member
Activity: 1274
Merit: 513
Some of them I do mistake before because I did not do what I do last few yeats ago when I started to crypto trading. But because of doing some research and asking some people who are already successful in trading and I follow them and I start to earn money weekly. I hope many traders will do right in trading so they earn money too.
newbie
Activity: 84
Merit: 0

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.


I don't agree to this statement, As what they say experience and mistakes are the greatest teacher, don't be scared to lose. Whenever you lose in a trade don't forget to continue going forward.
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