Topic: 11 Mistakes you should never do in crypto trading✌✌ - page 4. (Read 2211 times)
About 9th. That's true, agree. Not only about trading. Don't do swing trading or position trading without learning about it first.
If talking about 4 paragraph. You have a confuse with investments and trade. If the trader to see a panic he can to use this. Investor should be haven't reactionc on this event.
Indeed I can agree with you that something is so much better than nothing because many people are so frustrating that they cannot do the perfect deal on the market while trading, it's not the case with me.
In my own opinion, there will be no perfect deal in the market because the price is volatile so you will never determine when you are going to earn more profit or less.
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING 
LET'S START
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.
Your tips are very complete, and this is a new lesson for beginner traders, but it is very difficult to do these things, especially if we don't have patience. in my opinion all the tips that you mentioned are based on patience, because without the patience all these tips cannot work. LET'S START
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.
Price of crypto is unpredictable now and technical analysis is does not work, we bought on the deep but the price going to the more deep, so never forget to use stop loss anytimes you buy crypto. Chooce exchanges that provide stop limit order function to make easy to set up stop loss.
Could not agree any more. Even if you buy low, you have be conscious about the fact that the price can go down further and this depreciation in the value then hurts your expectations of the crypto market to give back returns but this should not be so for the fall in the price of Bitcoin or any other coin does not mean the end of technology and it can rise again as well as the demand for that coin rise again. Besides, no mater how the prices drops, since Bitcoin is an international currency, hold onto it until it grows big enough to give away.
Indeed I can agree with you that something is so much better than nothing because many people are so frustrating that they cannot do the perfect deal on the market while trading, it's not the case with me.
it is very difficult to know the right time to follow rule 10 but you never know if you are buying at deep. you also forget to add that traders should never join any pump and dump group mostly in the telegram because they are going to use you as bait. I fell victim of this when I first start trading. I always think I will be a millionaire but later nobody told before I get rid of such group. having a target is very important in trading and make sure you stick with the target.
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING
LET'S START
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.
I’ve actually made some of these mistakes, especially greediness is the worst of them all, cause I can remember that as a newbie I would usually like to make lots of profit and end up with loss. But I later took correction and stopped that and started taking whatever I see. My friend also lost a lot due to this same greed issue. LET'S START
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.
As for the number four, I think anyone can sell their coins with a little loss to avoid more loss. You can still withdraw and wait for the right time for getting back in again, and if you’re lucky you will regain the little loss. If you leave it for so long, you might regret, if it wasn’t your plan to hold long-term.
to be less greedy is the most important lesson I have learned during one year of trading, however this was an expensive lesson to me as I have experienced big losses buy indeed it is a good lesson.
One year must be an enough long a period to find out what are the mistakes to avoid and what are the tricks we need to follow to find success in trading. I understand your greed led you to big losses. Unfortunately you are not the first one but that also happened to you because you failed to learn from others mistakes. 
10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING
LET'S START
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.
Up for posts like these. This might help everybody especially those people that are new to cryptocurrencies to get a greater gains than having a greater loss. LET'S START
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.
the post by OP is very helpful for those rather new in crypto world. I think I had done all the 10 things that were mentioned above. I am now starting from zero again from huge losses. bottomline is... never be greedy, if something is too good to be true, then it's probably false.
You did all the 10 mistakes in your trading ? Very bad. I'm just entering into my crypto trading, but definitely I will not do all these mistakes in my trading. Because I am a good learner from my mistake and from others mistakes. When you are you are good listener you will always find success in any field easily.On the other hand, it is always funny when people always assume that sharing knowledge/tips like this will always help them most of the time. The thing is without any knowledge on how to trade effectively, no tip will ever help. Being a trader is not something that you will need a tip for and most of those tips will come naturally if you do know exactly what you are doing in any market based on your trading knowledge which makes me agree to the fact that following any of those will simply make you safe from losses.
but its very hard to follow all these 10 rules, i broke some of these rules and lost so much in trading
Lost so much ? Still want to try with your trading ? Why ? I am suggesting you to go for holding kind of passive trading rather than trying out something which is not at all suitable for you. These mistakes are common for any trader but not the losses. The problem is, you have experienced all these mistakes with your hard earned capital. You must try paper trading to avoid such mistakes and to learn. 
Price of crypto is unpredictable now and technical analysis is does not work, we bought on the deep but the price going to the more deep, so never forget to use stop loss anytimes you buy crypto. Chooce exchanges that provide stop limit order function to make easy to set up stop loss.
the post by OP is very helpful for those rather new in crypto world. I think I had done all the 10 things that were mentioned above. I am now starting from zero again from huge losses. bottomline is... never be greedy, if something is too good to be true, then it's probably false.
You did all the 10 mistakes in your trading ? Very bad. I'm just entering into my crypto trading, but definitely I will not do all these mistakes in my trading. Because I am a good learner from my mistake and from others mistakes. When you are you are good listener you will always find success in any field easily.
Greedy has been given it rightful place at no 1. Greed is the number one enemy of all crypto traders. A lot of crypto-traders have this mentality that crypto is a get rich quick scheme. And they expect a coins to keep Pumping forever. Experience is the best teacher, they will learn the hard way. I am still battling to keep my own emotions in cheque. I am still a work in progress. I know I will get their eventually. Kudos mate.
Diversify the portfolio! This is one of the best thing we need to do when we will start crypto trading. If we have diversified portfolio, we can avoid losing much of our investment and we can roll our capital as well. Though, it will not be a profitable much, we will have assurance that when a certain coin crash there are also coin that we are waiting for.
I will never put all of my money into just one or two coins. Maybe that would have been better in the past, but probably not even. If that coins goes to shit, then you're screwed, rather than just losing say 5% of that particular coin. Sure it would suck not to have all your money on one coin that went 100x, but it's better than losing it all and having nothing.
Indeed you must diversify, because if you will rely on one particular coin it means basically that if that coin will die you will die as well. Because you won't have any opportunities to survive with another coins.
These are some common mistakes been made in the cryptocurrency market. To eliminate greed is one of the things that any investor or trader need to. Secondly, do not invest what you cannot afford to lose as this very vital to your trading career.
There are a lot of common mistakes in trading. For most of the mistakes happening due to the reasons of being greedy and improper trading capital planning. Yes, you have mentioned both of them correctly. When a trader is trading the capital which is not affordable to lose then he will never able to stick within his trading plans. Greed is another killer of our plans.
Something is always better than nothing, this is the major role of mine while I am trading I always use that, because there are natural for humans to want more and more but there is always a point when you need to stop.
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