I made so many of those mistakes, particularly buying this one shit coin at an all time high. That’s the one that has hurt me the most, the most painful, especially putting everything in it, committing another bad mistake in not diversifying. So many mistakes running through my head.
I believe mistakes are really unavoidable especially if you're still a beginner.But do not afraid to commit mistakes because this will mold you to be a good trader in the coming days.I think the ways posted above are very helpful but i'm sure you will not understand those things if you never tried trading with big losses at first. 
Topic: 11 Mistakes you should never do in crypto trading✌✌ - page 6. (Read 2240 times)
I made so many of those mistakes, particularly buying this one shit coin at an all time high. That’s the one that has hurt me the most, the most painful, especially putting everything in it, committing another bad mistake in not diversifying. So many mistakes running through my head.
The lists above are very helpful and true, those mistakes should never do in trading. It will lose our fund if being greedy during trading and never put all your money in one basket. So we should consider in diversifying our investment for the chance to earn profit.
thank you very much if I had read more about trading I would not have lost, thanks for your advice, which you almost all committed, especially to invest everything in a currency that then left me in the nothingness
To my mind, there are many common mistakes but all of them have the same feature-they happen because the traders don't have even the basic knowledge of the situation and can't trade sticking to the strategy
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.
but its very hard to follow all these 10 rules, i broke some of these rules and lost so much in trading
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.
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 can fully agree with your 10 rules. These rules should be taken to heart by all new investors and to act accordingly.
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.
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.
3/ Never invest your all money in one coin you must diversity.
I totally agree with you, divide your capital. this strategy
could lessen your risks since you're hodling multiple
coins
Thanks a lot for sharing such great experience by you. You guided well and i appreciate your effort.
Some things you should avoid when trading bitcoin
. Wrong address
. Not completed enough certification
. Buy through the service of the trading platform
. Make a payment via PayPal or credit card
. Follow Fomo
These things will make you speculative at risk
. Wrong address
. Not completed enough certification
. Buy through the service of the trading platform
. Make a payment via PayPal or credit card
. Follow Fomo
These things will make you speculative at risk
This is helpful. But can you explain what you mean by "do not trade with your emotions?" How is that possible? Thanks for feedback.
I think he means that you should always try to clear your head before heading into trading because emotions can make you twist things around 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.
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.
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.
The biggest enemy as well as the real enemy, sometimes this one thing looks trivial but quite complicated in the process of his control, but for those who can not afford. Just be patient, because being patient is the only key that can neutralize your emotions to become as cold as snow.
i agree with the fourth rule nt to sell the coins in panic mode and rest all the points are well written it is eye opener for all
It is evident that many of these principles are based on the rules that have prevailed in traditional trading schools for the last decades, and those perhaps have been relatively efficient in ordinary markets. However, I believe that the behavior and the nature of the crypto market make it a totally different challenge to those hitherto known by traders, therefore I believe that each one must build their own strategy through daily methodical observation, since I do not believe in magical recipes, much less in this complex and volatile market.
Even the experienced traders can use these tips. All of them are extremely useful. As for me, I am always trying to avoid one mistake - the panic. When you are depressed, a bunch of mistakes can be done.
being in a good way on how are you made to secure your money yet there is some cases to be in here that most of us cant just make some avoid on it specially when your emotions cant control yet and you may start to panic.
It is very helpful. All those mistake are usually met in trading. The matter is even we know about it, pratical is very different. It is really hard to control your emotions especially when the price keep rising, and you don’t wanna be the outsider.
Yes.We may even have lot of rules to follow but when it comes to real life application,they evenly lost out of sight.We tend to become of what we really are,like having emotional fears when prices suddenly fall,and resorted to panic selling which make us a great lossers eventually.
It is very helpful. All those mistake are usually met in trading. The matter is even we know about it, pratical is very different. It is really hard to control your emotions especially when the price keep rising, and you don’t wanna be the outsider.
Jump to: