Topic: Common Mistakes people make in Trading - page 2. (Read 1285 times)

We are all guilty with this or something that could inevitably happen into us and this is why there are people who do really succeed out and there are ones who do really fail and everything would really be that according into someones perception and  their views towards on the things that they are dealing with on which if you are someone whose really that serious when it comes to trading then of course you would really be needing up to exert effort and hardwork. You cant really just that make yourself that do some trades without applying any analysis or simply effort on doing things like making up some research or any other correlated things.
Mistakes and errors are just that normal since we arent that perfect traders on which means that it is really that something that could inevitably for you to experience out and instead on seeing this to be negative then it would really be that better that you should treat it instead as a learning stone for you to become better. People are really just that too easily give up on the moment that they do experience these moments.

It is really that important that you would really be needing up for yourself to survive into this volatile market and not really just that simply easily give up when you experience some loses because we do know that
when it comes to this manner  then it will really be that basically needing up for you to learn and be wary on how things do really end up. You cant just able to get a good grasps towards trading with just few trades or few tries. On the moment that you do deal up with volatile market then you would really be needing up to sustain those challenges along the way. It would really be that up to someone on how they would be handling
out themselves when it comes into this aspect.

One mistake they should not make as a trader is to trade without analyzing the market. There are many people who have no idea about trade. They just watch videos of some individuals or somehow know that there are many people who have made huge profits by trading. It becomes a huge mistake for them when they trade based on this alone. Because if they start trading only based on them then they are likely to suffer big losses. Because in order to trade a person must acquire enough knowledge about it and be a skilled analyst. It is seen that most of the time people make mistakes in this regard. Again in the case of trading long term trading is more profitable but it requires a considerable amount of time. But short time trading is a very tempting thing through which people can easily make money quickly as well as lose money on the contrary. But people like to get results very quickly due to which they are not patient and take trades for very short period of time. This also involves a lot of risk which is why I think it should not be done as a trader.

Laziness may occur in learning. But a successful trader must keep an eye on that. If we embrace laziness we are deprived of learning which will cause us to lose out on change. It should be remembered that money never comes automatically to anyone. It has to be achieved. An apprentice must go through hard times to get proper education. Once that education is acquired, its benefits can be enjoyed throughout life. The biggest difference between a successful person and a failure is that successful people do not tolerate laziness. The most common mistake in the trading world is that many people start trading without knowing about trading. That is, starting trading without adequate knowledge is the most common mistake. I can compare knowledge in trading as the weapons in war.

There is no alternative way of research in trading that can be very successful without doing it, so lazy people will never success in the trading, they will lose everything today or after a few months, they can not control their greed to get quick rich in trading and can not keep patience due to lack of knowledge about strategy.

It is easy for people who can fight laziness, unlike people who are still unstable, sometimes they are enthusiastic and sometimes they are lazy.
Yes, in trading we must have patience and patience will be achieved if we have a lot of positive energy in us. We can bring positive energy or we can create it, it depends on whether we want to activate it or not. Laziness is a form of negative energy and we must fight it so that positive things grow in us.
This will not be easy at all to do, because sometimes we just want to get something from instant ways without going through a long process, while in my opinion it can be said to be impossible if you want something instantly.

however, trading is not something that can be done by people who only rely on luck. there is a learning process that must be done to master trading well. this will be an important factor because it will only make your trading lose when you don't learn anything that a trader needs.
after you have the knowledge to trade, then with your trading experience you will automatically grow a positive attitude to manage your trading more comfortably. don't trade more often, maybe most people think trading more often will increase experience. but when you can't control your emotions, trading more often will only make you greedy and out of control.

If someone is lazy in getting education and knowledge is the biggest problem in recent time because I know many peoples those were ruined themselves just because of this laziness because they are doing things not as they are looking for and having bad results so this usually kill motivation and also having negative impact on person's life even with taking not good education and staying with greediness also never works with if you are capable of having good education and knowledge base this is always working for you and give you better motivation which is most important while you are having your stay into trading and other things in life.

Always having better things and staying into middle of things works because usually lazy peoples suffer due to their lack of knowledge and lack of understanding as they are not doing things on time and suffering just like this we have few peoples those are tried to rush and this also give them setbacks because doing things like these in rush is also not ideal you need to be stayed on better way for having better results. For better understanding and having better results always try to stay on better lines because this is important with rushing or having lazy mind-set never works.

It's easy not to get lazy in educating yourself about trading but it seems not everyone is motivated enough to learn more simply because of greed and the desire of wanting get-rich-quick profits when we all know it won't be possible in trading. Trading is all about patience, so if you can't be patient in learning and chose to be lazy all the time, then there's no way you'll be profitable in trading.

In other words, don't rush yourself in acquiring knowledge in trading. It is not an overnight task to know it all in trading. Sometimes it would take years before you get the full grasp of what's going on in trading. As you explore different alts, you will also need to learn each of them to understand their market trend.

I think it is difficult, if trading is easy then there should be no story where someone fails and has to lose a lot of money because of trading. Maybe it is more appropriate to say that something is difficult but if we continue to process and learn then over time we will find something or a way that can make it easier for us to take advantage of trading.
But I agree with you about laziness, I think everyone will have that kind of laziness, but what makes the difference is when we can fight it. Basically if we don't force ourselves we will feel lazy, but what I experienced was when we were able to fight that laziness by forcing ourselves, then one day it will become a habit and the laziness will automatically decrease.

Everything we do well and seriously is certainly not complicated, including trading. Trading is actually quite complicated and even has a very high risk, but if you continue to learn and explore everything, trading is not complicated. The most important thing besides continuing to learn is to make failure or every time you trade an experience that must be continuously renewed because experience is the best teacher, frankly until now I have never tired of learning trading to become better because trading cannot be underestimated, if you don't want to experience a lot of losses.

In addition, what is needed when trading is to avoid emotions. Logic and emotion in trading are very much needed because both of these things can interfere with good decisions in trading. So to overcome this, we can practice with risk management techniques, such as determining when we should enter the market and when we should exit the market. It must be admitted that most traders make mistakes because they do not have good emotional control.

Why majority are losing in trading is because they are too greedy. You're right that many of them wants to get rich so quick in trading and they are testing strategies that doesn't go along with what suits them. And they think that trading is an easy financial game but their expectations are broken when they have face the real thing in the market. This is why do not expect that you'd always be good in everything that you're testing out. The good traders out there really make money but it doesn't mean that they have no mistakes that they commit.

What we can guarantee is that there is no 100% accuracy for trading. Losses are there even the best of the best gets some filthy moments and trades that are losing them. The mistake is by becoming too confident whenever someone is able to make a trade or two but this market relies on so many things and not just all about the charts. Sometimes it becomes connected to the world events, the actual market motion and more fundamentals. An ugly news can make someone happily trade with their positions and that's why from the mistakes that we commit, we should learn from it or better not trade at all when you can't go along with the tough market.

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

All jobs do require understanding and experience in order to be able to do it smoothly without any obstacles and of course this can be obtained through research and learning from people who already know it now. I think nothing is that difficult as long as we have more time to learn and also to do our own research after learning from several sectors for trading, so use your time wisely and don't need to make decisions in a hurry because it will also not be good enough for beginner traders.

All of us would be inevitably be able to experience this one, specially on the  time or moment that we would really be that we are still newbies on which there would really be those emotions or feelings on which
its normal since we dont still have the experience and that awareness on how this market works. On the moment that you do gain up experience then this is the moment that you would really be progressive on which you would really be that making yourself to be more better as you do go ahead. It wouldnt really be t hat much of a concern if you do see yourself having that progress on which this is a must because dealing up with
trading but continously losing or having no progress or improvement then it do really shows that there's something wrong with your trading and this is something that needs to be changed up.

The common mistakes on which people are really that making is that they do really that become careless on which they do really forgot out when it comes to risks management on which we know that this is something important on the time that you would really be doing trading. Mistakes are normal the good thing on here is that you should really be learning from those mistakes to make yourself that better. There are really
people who do easily quit or stop on the moment that they would be losing money which it isnt really just that right. You should really be that accepting those and learn from it if you are really planning
to become a better trader.

They do this before and after they start trading and this result in their losses, if they had research before they started trading, they would had been informed and not make the mistakes that they do that causes their losses. After they start trading too, they do not continue to research but assume that they are now experts and know what they are doing but in reality, they do not know anything only depending on guessing and hoping that they get lucky to have a successful trade. Traders that know what they are doing do not need to depend on luck as they can predict the market with accuracy and make profits, majority of the time. Traders are losing interest in researching and only depending on signal from others without verifying if the signals are correct ones or not, they just use it like that.

This happens due to deviations in patience ​​that tempt a trader and eventually he loses financially. According to me a trader should not show excessive volatility to get profit and should be inclined to buy first so that he can diversify his portfolio later. The need for diversification in your investment is very important to get profit as long term and short term plans can be chosen simultaneously. When the size of holdings in your portfolio is large, your potential for profit increases and risk decreases.

The market of cryptocurrency is always volatile with high risk and high profit potential so you should have long term holding along with short term trading to arrange your plan. Buying trend should hold at each price level.

We should know that trading is not a place for impatients. Successful traders believe there is a perfect time to sell and buy, that is why they wait, but most traders, especially newbies, never find it. This common problem that most traders face greatly impacts their trading career. That is why if they want to see success in this field, then it is necessary for them to change their trading approaches seriously and seek enough good ideas. It is hard to accept the truth, but trading is not an easy job that a trader should not underestimate.

Many traders had failed already; I think we used that as a tool to urge ourselves to learn more rather than following their footsteps and wrongdoings. 

The problem is, not all traders are patient enough to wait for the right set-up to trade as majority of newbies in trading are greedy and would want to earn get-rich-quick profits. That's probably the reason why majority at loss while only those early traders have been succeeding and are making sustainable profits when trading. Trading is not chasing profits at all cost, but it's certainly trading when there is a good opportunity to.

LACK OF RESEARCH AND UNDERSTANDING: lack of research and understanding is the common mistake a lot of traders make due to willingness, eagerness, and impatient, they will involved themselves in trading without investigating and having proper knowledge, education and understanding on trading, and with having knowledge on the basics concepts of trading it helps to have a lots of experience on it and it will also serve as a guidance to the trader on how they are going to manage their marketing.