Topic: Don't do this mistakes in trading (Read 1385 times)

It's true, basically all traders certainly make profit a goal and priority, but involvement in trading must also be based on a correct understanding of what and how the world of trading really is, at least you know the concept of profit and loss, in the sense of knowing that trading has potential. which is profitable but follows also by realizing that risk will always be part of the possibility.

And by having a basic understanding like that, I think it is unlikely for a beginner trader to have a thought pattern that is not recommended, such as thinking that when they are involved in trading they will always be able to get a lot of profit, or thinking that trading is an alternative to getting rich. a moment. That's wrong, and actually trading is almost the same as work in general where you have to sweat a lot to make money, but the difference is that trading is a type of non-physical work, but the point is of course working hard in learning and also by training your inner personality such as patience. and other things related to risk management are the key to success, but we also have to understand that there is no end to learning if we don't want to experience losses that are greater than the profits, because the more knowledge and skills, the greater it will be. the chance of profit and the possibility of loss will also be smaller.

If you want to start trading you can start with Little amount so that you can use it for practical because to much of theory you won’t learn. Prepare your mind that you are going to add up your learning with practical that is how we are going to learn. And even if you don’t make anything during your practical sessions you won’t bother that much since the money is little and it is something you can afford to lose and that is the reason they will tell you to use the money you can afford to lose. The moment you know you have improved you can gradually increase the capital and even if you have increased the capital you still need to follow guidelines to reduce the risk of losing your money. If the person is broken it’s good that way you can prepare for the worst because losing money is something you must always have in mind. And the problem is you can not always continue with small amount of you actually want to make money from trading, their is always a lot to learn but as you are learning the same time make sure you are practicing it, to get better at it.

Actually, you have made a good point, but that still doesn’t determine that you will lose all that you use for trading in one night because there are some technical techniques that are applied, like STOP LOSS. When you apply them, they will actually help you in many ways, because it will be very hard for you to lose whatever you have been working for in a night, and that still doesn’t mean you should go and do what will end up in your life because trading is very risky, but it is sometimes more favourable than gambling. 
 
But if it is for greediness, I will fully support you because if you end up as a greedy person in anything in this life, you will definitely regret it in the future, no matter what you must regret because greediness will never favour you in any manner. 

Trading anywhere is almost the same as working, so every trader deserves to have the hope of making a profit because that is the main goal. However, I also agree that every trader does not have to instill the idea of ​​always making a profit, although this does not mean that every trader has to lose because losses can still be avoided as long as every trader is willing to wait for a better moment when the market is in bad conditions. But what's strange here is that you equate traders with investors, even though investors are only more involved in buying and holding their assets for the long term and that is very different from any trader who will immediately sell when they see profits in front of their eyes.

Losses are a normal thing when we trade, but as you said if we continuously experience losses and are caused by the same mistakes then that is not good either, because on that basis we cannot learn from the mistakes we have experienced in the past. the past, so that we continue to feel the losses from the same mistakes.
The strategy of placing a stop loss or take profit is a strategy that many traders use, they minimize losses that way, or they prevent themselves from being greedy by setting a take profit target. However, some traders who have very large capital usually carry out different strategies, of course with greater risks too. But it will come back to ourselves because all decisions are in our own hands.

A stop-loss strategy is quite effective, but yes, this won't give us an excuse for losses, it can still happen to anyone despite how long we've been trading. As a trader, committing mistakes is not a new thing, but repetitive mistakes are not good anymore. Therefore, as much as possible, we have to go deeper into market understanding. We never aim for perfection, for it is impossible, but at least we are close to possibility. That is why TA is a very important tool that a trader must have because it gives a lot of help in making decisions that give us positive results. We don't mind if this is hard because what we are trying to do is become better and more profitable, which gives us no option to disregard. 

You should avoid trading thinking that you will always make a profit when you start trading. Because you have to change your thinking that you will always make a profit. Because if a new person wants to trade, he can start trading after gaining good experience about trading.  It can be very good. But some time experienced investors are faced with lot of losses.

Yeah, most of the time that kind of misconceptions leads traders to lose a lot of money, unknowingly that the market fluctuates to any directions makes you feel more aggressive, those who manage to earn some will push for more and think that they already knew how the market moves but a mistake can cause them losing more.

You need to keep learning and improving your understanding and not just putting your position a same like gambling to your fate, spot trading needs a lots of efforts to plan your position not just put it on and let it roll.

When one goes into futures trading, a lot of greed works in him because he thinks that if the price of that token or coin moves further towards his entry, he can make a good amount of profit very quickly, preventing him from closing the position. Later it turns out that all the money has to be lost due to liquidation. Again, in the case of spot trading, many people invest in the wrong coin to get high profits quickly, and after holding it for a long time, if the price crashes later, it does not recover. The result is loss. If you can't control greed, you have to lose in all sectors.

Yes, everyone has of course felt the bad effects of their trading and I have felt it too. Indeed, greed can cause us disaster or have a bad impact on our finances. Indeed, no one can read price movements in the market, trading movements are very wild. To minimize losses from our trading, we must use Stop Loss and TP in our trading. Even though we don't get big results, of course we are grateful to get profits from there. If this is repeated often by you then the results are quite profitable for us.

What mostly turned down the hands of trader is trading between altcoin especially newly listed coin the manipulative effects is much therefore while delving into the market one should limits trading between altcoin or just focused on bitcoin and usdt except, that trading is not a greedy trader where he could be able to sell whenever few percentage of profits is being accumulated from the alts. Alt isn't a coin to hold till a new trades is open so the best before closing one should be able to hold a reliable coin could be btc or usdt just to make sure their equity is secured.

Talking about trading with money that you cannot afford to lose, you want to start trading does not mean that you will be gaining a lot of profit, and does not guarantee you to invest a huge amount of capital  in your trading, what if you do so and you end up losing you should said good bye to the money,  because you won’t be able to retrieved it back again and you will be broken, so if you are trading, you should trade with amount of money that even if you lose, you will not break down and you will be able to stand on your feet again.

It is true that this is normal for a trader, but they must be able to make this a bad experience where they must learn from the mistakes they made and correct them so as not to repeat them in the future. Those who have enjoyed big profits in trading of course they have Having good skills and experience in trading will certainly be able to survive in trading, because if they continue to fail, of course there is something wrong with what they are doing and it would be better to try a different method as you have mentioned.

If we keep absorbing good learning from those experienced failures, then it can establish good skills, there's always a positive learning that you can achieve in each trades that you'll execute, win or lose the knowledge and experienced can be use to make your understanding be much better.

If you really wanted to learn and earn from this industry, you need to keep adjusting and not to stop finding the best practice to execute your trades and if fate permits then you'll be able to convert those failure to great success.

If you are a trader, then you should always expect loss. Whether you are a professional trader or you are new to trading, you are definitely going to need losing, so when trading, always do it with any amount that we know we can afford to lose. Don’t trade with the money that’s going to affect your mental health if you lose. Always manage your risk properly as a trader. The only people who will think trading is a get rich quick scheme are newbies that are just about to join the crypto space, but if you are already in crypto space, you will understand that it’s not really a get rich quick scheme. If you are expecting quick money, then you will end up losing your money.

When someone makes a decision in trading, they must have good knowledge of the trading they do because without good knowledge of trading, of course they will find it difficult to make profitable decisions in the trading we do and when someone experiences failure in trading, I think they have made a mistake in deciding something about the trading they do and they must be able to correct this so that they continue to make a profit from the trading we do. Every trader must of course continue to develop their knowledge about trading and must also be able to have the right strategy. good for making a profit.

There is no doubt that greed is a recipe for disaster, a person can't get success in anything they are doing if they are greedy and not just trading. So for a person to become successful in a venture, they will need to get rid of their greed and start thinking critically and logically instead of trying to get as much as possible in a short period because this sort of mindset would usually get you nowhere and you will only be at loss, the same goes for trading.

Experts or those who have a lot of experience with financial markets will understand what they need to do, their targets would barely be very big because they know how unpredictable these markets and their assets can be, so it's always better that they exit the market when they are getting something instead of getting nothing later.

Yes, mistakes or failures are normal in trading, this can be a benchmark or introspection for us to change and take lessons from there and continue to hone our skills from these failures. Indeed, every disciplinary action is part of achieving success in any matter. It is impossible for someone who has negative results from trading to survive there for long. It would be better if they had negative results over a long period of time there. It would be better for them to choose another method or option in determining their investment. The spot method is much better than trading.

From the two points explained by the OP so far, I have seen more often that the majority of traders who ultimately fail and experience losses are because they cannot ignore the greed in their minds, especially when they succeed in making a profit in one of the sessions they do, and as we know that what is called greed is a dissatisfaction that a person has where no matter how much profit they achieve, they will still continue to try to seek greater profits.

If, for example, their actions are based on the correct approach, in the sense of making decisions based on careful considerations in accordance with the strategy they have, then perhaps the opportunity to gain greater profits could occur, but in some cases, greed will usually be carried out without realizing it. based on careful consideration, and usually they apply this greed only based on self-confidence due to previous success in achieving profits, which in the end they assume that bigger profits are near, even though they are not necessarily. And this is why a trader is required to have a take profit and stop loss.

Was supposed to say the same thing on which it would really be always that better that you do have that main consideration when it comes on decisioning on making up some trading. Never ever make yourself that trading up on the amount that you cant afford to lose specially if it pertains about using your own life savings on which same as you said that on the moment that you would be using it then you would really be that too desperate on making profitable trades on which it would really be stirring up on overall minding and thinking on which this could really be able to affect majorly with your trading analysis.
This is why you should really be that careful on taking up some actions if you dont really like to mess up everything.

Mistakes are inevitable, it would really be just that a matter on how someone would really be able to have that good control towards their trading because people do usually
mess up on the things that they've been dealing because of such desperation.