Topic: 11 Mistakes you should never do in crypto trading✌✌ - page 8. (Read 2240 times)
This is a great help to traders and holders of altcoins because many traders are assured that they can earn a lot of money in altcoins because they are not satisfied that they can only earn a small amount but have read this topic to think they are clear here too.
Wow this tips is very helpful to all beginners and newbie in trading thank you for doing this thread this 10 mistakes give knowledge to all people who are start trading and this is a warning to all traders. To all traders you need to read this thread to get more tips and apply it in your strategy.
Good things. Also, one should find a style that fits his personality. Lets say if you're very quick-minded person then short-term trading is probably for you
it is good to trade with our own way because every people is different and we can't always do same thing as other person even trade in same place and same time. do what fit for us is good to keek steady in any condition of market
Hello Friend,
Thanks for this giving these tips for US. It was really helpful.
If you do not mind, I have some question regarding your topic 10.
your topic was -
Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.
You adviced us to buy t deep.But how can we identify that correct deep time ?
Please further explain it.
Thanks.
Thanks for this giving these tips for US. It was really helpful.
If you do not mind, I have some question regarding your topic 10.
your topic was -
Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.
You adviced us to buy t deep.But how can we identify that correct deep time ?
Please further explain it.
Thanks.
Good things. Also, one should find a style that fits his personality. Lets say if you're very quick-minded person then short-term trading is probably for you
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.
I agree with this one but only in certain circumstances.. I think if you're maybe trying to predict a bottom on bitcoin and buying alts you may would want to put a tight stop loss, unless it continues down just to get you out of that position before things get bad... but definitely don't do sell now at a 50-60% loss, you'll just have to be stuck bagholding until the situation gets better.
yes remember you don't "hope" in trading. You only have "the plan" that you should follow. Even if you set the loss at a 50% since you have high "hopes" for this coin you should follow it and don't hope for it to be revived.
Well don't predict the peak or the bottom because you can't. Have targets so even if you get in a tight situation, you won't be affected that much. That way you can avoid becoming too emotional.
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.
I agree with this one but only in certain circumstances.. I think if you're maybe trying to predict a bottom on bitcoin and buying alts you may would want to put a tight stop loss, unless it continues down just to get you out of that position before things get bad... but definitely don't do sell now at a 50-60% loss, you'll just have to be stuck bagholding until the situation gets better.
yes remember you don't "hope" in trading. You only have "the plan" that you should follow. Even if you set the loss at a 50% since you have high "hopes" for this coin you should follow it and don't hope for it to be revived.
Well don't predict the peak or the bottom because you can't. Have targets so even if you get in a tight situation, you won't be affected that much. That way you can avoid becoming too emotional.
Thanks for this advice i am more agree with this scenario specialy when we are just a newbie in this industry we always makes mistakes but we can use this as a good lesson and use this mistakes to move in the higher level to achieve a good profit later.
First of all, you should not do anything intuitively, unless you have certain knowledge. I had to do the same job several times and at the same time I spent not only time but money. And all because of the lack of information. 
Thanks for this advice i am more agree with this scenario specialy when we are just a newbie in this industry we always makes mistakes but we can use this as a good lesson and use this mistakes to move in the higher level to achieve a good profit later.
the mistake I have done and until now I still regret it is when I am impatient in hodling and too desperate so after a few weeks from that time the coin that I hold has pump and it makes me big loss
Wow, nice advices mate. Thank you very much for sharing your valuable ideas. Some of them were already following by myself and I strongly agree with your 4th rule which is "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." because I had experienced the panic sell in last bull run and got very bad result.
Nothing is perfectly right. The only right fact is that the market will always go against your expectation even though you try to predict so bad. Don't expect much in this world
everything is very good to be an experience because someone must know the mistake before doing something so it needs to be considered everything
I do not agree with you about this point "Never buy altcoins when bitcoin price is unstoppable.". If bitcoin shows good growth, this means that some altcoins can show growth much more. Personally, I have faced this outcome many times.
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.
I agree with this one but only in certain circumstances.. I think if you're maybe trying to predict a bottom on bitcoin and buying alts you may would want to put a tight stop loss, unless it continues down just to get you out of that position before things get bad... but definitely don't do sell now at a 50-60% loss, you'll just have to be stuck bagholding until the situation gets better.
yes remember you don't "hope" in trading. You only have "the plan" that you should follow. Even if you set the loss at a 50% since you have high "hopes" for this coin you should follow it and don't hope for it to be revived.
Well don't predict the peak or the bottom because you can't. Have targets so even if you get in a tight situation, you won't be affected that much. That way you can avoid becoming too emotional.
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.
This thread is very good it will provably help me and others to do trading in a safeway and have profit in every trade we do.
Sometimes greediness is good but we should know how to sell at the right time to avoid any losses.
As every one said "Don't put all your eggs on one basket" and "Just invest what you can afford to lose"
If we mistake in previous trading we should alert in future journey so I am always follow my own way.
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.
I agree with this one but only in certain circumstances.. I think if you're maybe trying to predict a bottom on bitcoin and buying alts you may would want to put a tight stop loss, unless it continues down just to get you out of that position before things get bad... but definitely don't do sell now at a 50-60% loss, you'll just have to be stuck bagholding until the situation gets better.
yes remember you don't "hope" in trading. You only have "the plan" that you should follow. Even if you set the loss at a 50% since you have high "hopes" for this coin you should follow it and don't hope for it to be revived.
Thank you for all the 10 things you shared. I'm a beginner trading. Since I only know a few things, I often lose money. I will now read and will remember to apply in the transaction. I hope that I will earn money
Being a beginner and earning in the first chance is not so easy. You have to have some good market experience and loose even imparts worthy experience which can be used to modify the future strategies and planning about the crypto investment. You also have to have good market knowledge and perfect information about the technology. About earning money, long term plans often pay off.
Avoiding mistake can gives you good result because you can know what coin is good to buy or not. By identifying them you can make a wise decision that can turn into success. But I believe sometimes you do mistake but don't stop trading and continue with better strategy.
I'll always keep in mind the number 4. I would do stupid selling in my coin. I will hold it even for years. The only strategy I got is buy low sell high. If you want to gain do this and you will surely be rewarded
this is the difference between traders and holders..traders would use stop loss and wont let their money sleep for a very long time until the coin recovers..traders usually stop the possible losses by selling and look for another good entry in the market and holders won't sell in loss even it took them so many months or even years.. Jump to: