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Topic: 11 Mistakes you should never do in crypto trading✌✌ - page 12. (Read 2240 times)

newbie
Activity: 88
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Useful tips
thanks for sharing.
full member
Activity: 952
Merit: 104
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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

It's almost like a ten commandments for cryptocurrency. But I guess it was all just the basic strategy in trading and it would help a lot for those new traders. This would definitely make a difference if used as a guide for newcomers.
full member
Activity: 319
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I would also add such a factor as a belief in good. Without faith, any profession is insignificant, and the man himself, too, without faith, will not achieve anything, even if he is very educated.
hero member
Activity: 980
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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%.
Everyone is greedy. Even the rich billionaires who do charity work were greedy at one time. There's no harm in being greedy, until you have sound proof backup plan.
2/ Never buy altcoins when bitcoin price is unstoppable.
That point shouldn't counted. Technically all the prices are unstoppable, but economically impossible.
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.
Shh. Don't tell them the secret.  Angry
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.
Or in fiat, depending upon personal preference.
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.
You think everyone knows what day trading. They think that if you buy in the day time and keep it for a few days, it is called day trading.
8/ Don't do trading with your emotions keep them aside.
That is also not possible,unless you're a zombie like me. If you put like 100k$ in different trades, and all of them are dumped, will you be emotionless?
sr. member
Activity: 714
Merit: 254
Exactly! But, what I like most is the number one since we don't have to be greedy for us to be able to earn more, we can easily earn more if we know the strategy, in trading don't expect too much at least 10% profit is a lot, we can at least lower it to 5%.
member
Activity: 1302
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Number 3 and 8 are the most important for my view. Not labouring your account too much and diversifying is a nice way to build capital. Also, keeping our emotions on check while trading helps.
hero member
Activity: 1582
Merit: 523
Above lists you have is helpful, at some point the mistakes I have experience doing trading with emotions. This is right never greedy, and do not invest in a single coins as this are very risks thing to do. Above all, in every crypto trading we do patient should involved.
newbie
Activity: 126
Merit: 0
I think I can not figure out 10 mistakes. Just a mistake that you are impatient will make you lose a lot of stuff on this Crypto market, maybe if you do not patiently sell your coin at an inappropriate price, then you will repent Sorry about that.
hero member
Activity: 2324
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DGbet.fun - Crypto Sportsbook
You should not sell the bitcoin at the bottom.It will gives huge profits to the buyer ,when the price increase.In Additional, buyer will get additional bitcoin for the same money.If you have patience,you will get only profit from it.I don't know why people inverse and sell at low prices due to panic.
full member
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BAILOUT
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
jr. member
Activity: 322
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In addition to the first statement, remember the half rule, meaning if you have a particular coin and the price appreciates by a reasonable value say double as the case may be depending on the coin history and prevailing market conditions, sell half and continue to hodl the other half. Do not be greedy to hodl all until the prices quadruples. You may call this Rule of Thumb
member
Activity: 633
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Trade between the best coins then the upheaval will always be there, no matter how frantic there must be that can not be avoided anymore because everything is dealing with money, then I think there is no harm in this world of crypto, if the price goes down then do not sell because the price will come back to the top when the sale will lose, easy is not it? just need to be patient, every thing will be no good situation, if not want a lot of long-term investment costs will be very good, in the next few years.
legendary
Activity: 3248
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1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.

2/ Never buy altcoins when bitcoin price is unstoppable.

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.
Well, I think that 10% is really nothing if trading is not done with big sums of money. Especially this is true if one is using an exchange with high withdrawal or transaction fees. As for #2, I just don't understand what it is about. Do you mean one shouldn't buy alts when bitcoin is rising, because at that time bitcoin is a good investment too? Or is it about the time when all the prices are going down and btc dominance increases, even though the price gets terrible?
As for long-term investments - well, I think it really doesn't make sense to hold for so long. I am among those who were holding during ath and right till the time bitcoin fell down like crazy. It would have surely been better to cash it out at that time and buy now.
newbie
Activity: 154
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

yeah, you are right, we should be pay attention all of them. especially about panic sell, many people still can't control about this.
legendary
Activity: 3122
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Let new traders experienced mistakes. There's no way they can learned if they will have a continous winning streak during their first phase of trading activity. It will just result of having a feeling that no matter what they do, they will not suffer lose. Experience will teach them how to deal with any problems that they will encountered on the way.

All things listed above are post effects so it means for those who don't have experienced it yet, they will not fully understand what those means even how simple it is as a statement. Again if they will experience losses on the way and they are really eager to pursue their trading career then they will move forward safely after every losses.
legendary
Activity: 1918
Merit: 1728
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.

This is very interesting and important point. Most of the time, people see a coin with 80-100% rise and buy it but next thing they notice is that coin is down by 20-30% very next day. Instead of selling, they keep holding and value falls further. This instinct is known as FOMO and in 9/10 case it brings negative results to investors. So it is better to be safe and earn low than try making profits on rising coin because pump in crypto world is very short living due to high volatility and price manipulation.
newbie
Activity: 27
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

Thank you very much for sharing this precious!
Control greed is what helps us survive in this market
legendary
Activity: 1190
Merit: 1001

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


right , sometimes i am unable to control my emotions and In last i loss money while trading.

This is helpful. But can you explain what you mean by "do not trade with your emotions?" How is that possible? Thanks for feedback.

he mean to say that if you angry some time , in that time you did stupid things and some times you take wrong steps and all money gone.
hope you understand my point
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
You had shared some valuable strategy.If the price of bitcoin and altcoin is reduced we have to buy. Orelse we have to wait till the reduction.
You should allow your emotion to get into trading,it always make you suffer.Holding is best strategy to avoid of unwanted loss.Don't get panic.
hero member
Activity: 994
Merit: 504
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

Well, you are right here with some statements but for me the biggest enemy you'll encounter in trading is yourself and how to control your emotions.
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