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
Topic: 11 Mistakes you should never do in crypto trading✌✌ - page 7. (Read 2211 times)
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
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. 
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.
Well defined,It will be helpful for the beginners.The overall summary is that crypto field is for those who can control the emotions and having patience,If you meet successful traders in your circle they have patience and calm when face crash of market and also have B plan it mean never invest all at one place there is diversification if one side losing another side gaining.
I would rather say the summary of everything that the OP mentioned would be never to trade without any knowledge. The fact that someone is trading emotionally, or not buying at the right point as well as selling based on strategy, or not making use of stop losses in some cases, all balls down to the aspect of not being knowledgeable enough to trade because with that and some experiences, it would be so easy to know what to do in every single market without attaching any form of emotions. I have come across many such "never do" things, but unfortunately I do remember none of them while my trading hours. I guess I am not the only trader experiencing that. The overall summary is that crypto field is for those who can control the emotions and having patience
Controlling emotions is only possible to a certain extent. It's impossible for anyone here to remain ice cold during every trading session, which is why bots are the perfect alternative to combat the human's imperfections in terms of emotions. I think it's almost safe to say that nowadays more than ever, every crypto market is being traded by bots for the major part. We just need to accept our weakness and admit that we're suckers when it comes to day trading. I only stick to longer term trading because that at least doesn't expose me to the continuous risks that come with day trading. My only target is to sell higher, time frame isn't important.
Though this are all common ideas that must every users has,still youre too generous to post this here to help newbies or even old timer to have another set of knowledge for not to become another noob that might loss capital because of denying this reasons.keep it up mate and i believe this helpful tips might help many new comers ,i will bookmarked this for future sharing
Yeah, they are really some very good tips that a trader needs, but not everything needed by a trader. The only reason this tip can be effective is for a trader who has been able to learn enough but still making some silly mistakes due to some of the attributes mentioned by the OP.Most times, a lot of new traders are so keen trying to play smart on the market and even forcing indicators to dance to their tune without allowing trades to develop. All these things matter a lot when it comes to trading. Mistakes may happen here and there in trading. That is not a big sin. But, repeating the same mistake again and again must be a big sin in trading always.
Well defined,It will be helpful for the beginners.The overall summary is that crypto field is for those who can control the emotions and having patience,If you meet successful traders in your circle they have patience and calm when face crash of market and also have B plan it mean never invest all at one place there is diversification if one side losing another side gaining.
This is a very helpful tips especially for beginners. Many new traders are being misled by their aggressive behavior just want to prove something. I think number [1] is the most important attitude in trading. There are traders that the more they're gaining profit from trading, they become more addicted to money. And when they did not many their expectations due to their selfishness, their emotions would caused of losing their money.
About 9th. That's true, agree. Not only about trading. Don't do swing trading or position trading without learning about it first.
This is an interesting piece as these are the main mistakes that people do in this market. Many newbies also tend to buy the top and sell at the bottom because they panicked and sold.
The tips you gave are really helpful and I would surely pass it to other groups as well on social media.
The tips you gave are really helpful and I would surely pass it to other groups as well on social media.
Yes, these are very common mistakes that the traders often commit. I would like to add some more.
1. First is that never invest more than what you cannot afford to lose. Always keep some amount of your savings safe for meeting emergency situations.
2. Stop thinking of crypto trading as a regular job and only source of income.
3. Don’t always look our crashed coins. They might not rise.
4. You need to have lot of time for crypto trading. So make sure you have enough.
1. First is that never invest more than what you cannot afford to lose. Always keep some amount of your savings safe for meeting emergency situations.
2. Stop thinking of crypto trading as a regular job and only source of income.
3. Don’t always look our crashed coins. They might not rise.
4. You need to have lot of time for crypto trading. So make sure you have enough.
For the first one, this should be the general rule but there are times when you just cannot avoid investing money you cannot afford to lose because you want to have more capital. It may be not in your favor but there are times when it would turn out for the best.
For the second one, some people make it their job because they are already professional traders but for others who are noobs to trading then it is not recommended yet as people who are just starting lack risk management.
For the third one, there is a possibility that sh*tcoins would not rise because they are just in the market with volume because they are use by pump and dump groups to make more money. Always choose a coin that has good fundamentals.
For the fourth one, crypto trading needs time and dedication because if you will not be serious about it then you will end up more likely at a loss than gain.
Thanks for sharing such useful tips on how to behave yourself if you want to succeed in trading, as for me i think the same, the first point about not being greedy is very important as some traders want more and more and lose everything
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 can add a one really important thing that I found for myself and it is do not go into actual process of trading until you are completely confident in the things that you are about to do, otherwise you will lose. 10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING 
........
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.
Especially good advice # 10 ........
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'm just wondering who did not adhere to this rule is still trading?
He must finally understand how to trade.
I think the biggest mistake for cryptographic transactions is hasty. I know I'm having this problem but I'm trying to fix it. and change hasty trading habits into patient patience in the long run
Wow thank you for doing this thread its really helpful to all newbie in trading and beginners in trading. This tips is applicable to all trader that doesn't knew it I think all trader required to read this thread and add this tips in his/her strategies in trading.
I will add again from your topic:
11. Do not trade on Echange overly complex on terms like Yobit.
because with such Exchange can make mu loss at a glance, just as you trade and maintain maintenance, and move token is also blocked by the network.
11. Do not trade on Echange overly complex on terms like Yobit.
because with such Exchange can make mu loss at a glance, just as you trade and maintain maintenance, and move token is also blocked by the network.
If I think we do not have to sell our Bitcoin at the bottom. This will give a big advantage to the buyer, when the price increases. Buyers will get extra Bitcoin for the same money. Above all, in any trade cryptocurrancy we must be patient to engage in him.
Yes, these are very common mistakes that the traders often commit. I would like to add some more.
1. First is that never invest more than what you cannot afford to lose. Always keep some amount of your savings safe for meeting emergency situations.
2. Stop thinking of crypto trading as a regular job and only source of income.
3. Don’t always look our crashed coins. They might not rise.
4. You need to have lot of time for crypto trading. So make sure you have enough.
1. First is that never invest more than what you cannot afford to lose. Always keep some amount of your savings safe for meeting emergency situations.
2. Stop thinking of crypto trading as a regular job and only source of income.
3. Don’t always look our crashed coins. They might not rise.
4. You need to have lot of time for crypto trading. So make sure you have enough.
Aside from the fact that I read this, it also helped me with this topic as well as traders who are risky in thinking, especially when the income is huge and hopes that the profits will be higher in trading.
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