Don't do this mistakes in trading - page 2.

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Quote from: Oshosondy

The most reason traders are losing is because of greed. They will make profit but still keep the position opens but later the market might go another direction and they may lose. The second thing is that they can be using high leverage which will be resulting to liquidation. But a trader needs good strategies to make profit than loss while patience and low leverage are important. Also not to be trading shit coins is important.

That is the truth, I was in that category as a newbie in the past, when people will be trading their coins to take profits, I will not follow their steps to take profits because the spirit of greed was inside me and it always make me regret at the end.

But since I became an expert in crypto trading, it hard for me to miss profits in every bull run in the market, because I use to trade when majority of traders are trading to make plenty profits from the market which is the same time I will visit the market to trade too.

I guess good strategy is profitable to traders, which is very important for newbies to always make use of strategy that will make them profit all the time in the market.

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Quote from: Dr.Osh on June 06, 2024, 07:29:50 AM

Quote from: Peanutswar on June 05, 2024, 06:43:58 AM

This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.

Yes, I think this is often warned repeatedly. However, until now, these errors still occur very often. Not only for newbies, but also for people who frequently trade. However, I understand that sometimes people tend to be greedy. This usually happens because someone wants maximum profit, so they continue to hold the assets they own. In fact, the best way to avoid this is to sell the asset for a percentage. For example, if our price target is reached, we might sell 10% to 30% of the assets we own, and continue doing that. If the price goes down, we can buy it back.

I mean trading is something people could lose themselves quite often, which is why I think it's common for people to not have that kind of return that easily, sometimes they just lose themselves and not have anything growing at all, they just realize it's a common thing.

I personally believe that we should not really consider this as something normal, and we should just focus on how to make it better and bigger in the end. This should not be all that complicated, we should just focus on how to make it bigger and better. We do realize that things are not really that great or simple right now, it's something that will definitely be given as something that will take a while, so we can't really make it work any other way around.

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Quote from: Fredomago on June 08, 2024, 11:24:22 AM

Quote from: lalabotax on June 07, 2024, 04:30:01 PM

Indeed. There are several factors that ensure we can at least get regular profits in trading. One of the most basic things you must have is knowledge and insight about crypto, trading, and several other related knowledge. Because without that, trading is actually just like gambling, without skills and knowledge, just hoping for luck. And this is really a bad idea to trade with a concept like this.

For this reason, we have discussed and read several times regarding tips for trading, especially for beginners. In fact, knowledge is very important. Then, after having good knowledge, it must also be combined with various other factors. Such as discipline factors, wise and good financial and risk management, as well as good emotional regulation and control. Because of that, everyone will also be involved during trading, whether they are beginners or those who have been playing here for a long time.

Good finacial and risk management, things that also affects the outcomes of your trades, it's more on how you handle different situations as decision making mostly affects of your knowledge, if you have good insight, then you may continue developing your chances to earn, though if you failed then for sure you will going to deal with it as same as gambling, better to earn and seek for more ideas and compose it to create better strategy that may work accordingly.

True, in some cases I often find that there are some people - people who fail in the world of trading because they are wrong in treating the activity, there are some of them who treat trading like gambling by relying solely on luck by making decisions without being based on knowledge or understanding, or maybe I would also say that the decisions they make have no basis to be used as a reason.

In the end it is clear that such an approach will only be a waste of money and time, because of course after all trading is a skill-based activity which means that one's knowledge can be used as a basis for decision making to create more certain profit opportunities. So in this context maybe one thing I would say is that it is better to spend more time learning related to anything that can increase the chances of making a profit such as learning various new strategies along with learning to understand market cycles in more detail, and another thing is not to forget to train your mental and psychological to prevent emotions that dominate especially when you experience losses.

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Quote from: lalabotax on June 07, 2024, 04:30:01 PM

Quote from: Bushdark on June 07, 2024, 04:18:32 PM

Quote from: Natsuu on June 06, 2024, 11:18:41 AM

It won't. Acquiring the skill means that you are accepting the fact that anything can happen in the market. That your wins and losses are perfectly painted in probabilities. Having the skill in trading is knowing when to take the risk and when not to. Because losses are normal part of the game in trading. It's like taxes or transaction cost that need to be payed to be in the game.

We can make money in trading or crypto investment if we have the knowledge and what to do that will keep giving us the money to keep going. Winning and lossing is a common thing in the market and everyone also faces it to the core.
There are so many mistakes we might be making as a crypto trader and we need to always work on it if we want to be making consistent profits in the market. Disciplinary measures are one of the things that have kept many good traders in the market for many years without having to quit due to negative results.

Indeed. There are several factors that ensure we can at least get regular profits in trading. One of the most basic things you must have is knowledge and insight about crypto, trading, and several other related knowledge. Because without that, trading is actually just like gambling, without skills and knowledge, just hoping for luck. And this is really a bad idea to trade with a concept like this.

For this reason, we have discussed and read several times regarding tips for trading, especially for beginners. In fact, knowledge is very important. Then, after having good knowledge, it must also be combined with various other factors. Such as discipline factors, wise and good financial and risk management, as well as good emotional regulation and control. Because of that, everyone will also be involved during trading, whether they are beginners or those who have been playing here for a long time.

Good finacial and risk management, things that also affects the outcomes of your trades, it's more on how you handle different situations as decision making mostly affects of your knowledge, if you have good insight, then you may continue developing your chances to earn, though if you failed then for sure you will going to deal with it as same as gambling, better to earn and seek for more ideas and compose it to create better strategy that may work accordingly.

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Quote from: Bushdark on June 07, 2024, 04:18:32 PM

Quote from: Natsuu on June 06, 2024, 11:18:41 AM

It won't. Acquiring the skill means that you are accepting the fact that anything can happen in the market. That your wins and losses are perfectly painted in probabilities. Having the skill in trading is knowing when to take the risk and when not to. Because losses are normal part of the game in trading. It's like taxes or transaction cost that need to be payed to be in the game.

We can make money in trading or crypto investment if we have the knowledge and what to do that will keep giving us the money to keep going. Winning and lossing is a common thing in the market and everyone also faces it to the core.
There are so many mistakes we might be making as a crypto trader and we need to always work on it if we want to be making consistent profits in the market. Disciplinary measures are one of the things that have kept many good traders in the market for many years without having to quit due to negative results.

Indeed. There are several factors that ensure we can at least get regular profits in trading. One of the most basic things you must have is knowledge and insight about crypto, trading, and several other related knowledge. Because without that, trading is actually just like gambling, without skills and knowledge, just hoping for luck. And this is really a bad idea to trade with a concept like this.

For this reason, we have discussed and read several times regarding tips for trading, especially for beginners. In fact, knowledge is very important. Then, after having good knowledge, it must also be combined with various other factors. Such as discipline factors, wise and good financial and risk management, as well as good emotional regulation and control. Because of that, everyone will also be involved during trading, whether they are beginners or those who have been playing here for a long time.

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Quote from: Natsuu on June 06, 2024, 11:18:41 AM

Quote from: Fiasem20 on June 01, 2024, 09:29:25 AM

Most traders always think that acquiring the skill of trading will reduce the losses

It won't. Acquiring the skill means that you are accepting the fact that anything can happen in the market. That your wins and losses are perfectly painted in probabilities. Having the skill in trading is knowing when to take the risk and when not to. Because losses are normal part of the game in trading. It's like taxes or transaction cost that need to be payed to be in the game.

We can make money in trading or crypto investment if we have the knowledge and what to do that will keep giving us the money to keep going. Winning and lossing is a common thing in the market and everyone also faces it to the core.
There are so many mistakes we might be making as a crypto trader and we need to always work on it if we want to be making consistent profits in the market. Disciplinary measures are one of the things that have kept many good traders in the market for many years without having to quit due to negative results.

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Quote from: oktana on June 06, 2024, 06:48:39 PM

Quote from: Mr. Magkaisa on March 17, 2024, 10:33:48 PM

It is very important that we avoid being like this or having it. If words like 2% per month profit is okay, then we will say that it is not possible. I want 100% per week; these are just examples. Especially when we see someone who takes a profit of 100% per week, that's okay; it's just that the risk is too high. And it doesn't always happen like that; as long as our goal is "sustainability," we don't just rely on luck or maybe get lucky. Of course, we don't just want luck; instead, we want to have a monthly profit or passive income.

One common challenge is greed as you have mentioned. Honestly, the most successful traders that I have seen are usually caught making little profits instead of big ones. The idea is that with little profits (which are easier to achieve), you can replicate it many more times to make money that is safe and consistent than someone who is waiting on a higher percentage.

There is no doubt this greediness kills us badly because mostly peoples want to be rich very quickly which never works with peoples those go with their own fundamentals and having targets and strategies works better and having better success in trading and life with many which are having big dip mostly ended with wrong way and lost quickly because things never works on same patron always.

We need to be had few things in life which helps us for having better life and if we are able to go with better things and strategies we will have better success and life which is more important instead of having things which give us regret and loses which bring more problems and then no way of going back to better and easy life.

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Quote from: Mr. Magkaisa on March 17, 2024, 10:33:48 PM

It is very important that we avoid being like this or having it. If words like 2% per month profit is okay, then we will say that it is not possible. I want 100% per week; these are just examples. Especially when we see someone who takes a profit of 100% per week, that's okay; it's just that the risk is too high. And it doesn't always happen like that; as long as our goal is "sustainability," we don't just rely on luck or maybe get lucky. Of course, we don't just want luck; instead, we want to have a monthly profit or passive income.

One common challenge is greed as you have mentioned. Honestly, the most successful traders that I have seen are usually caught making little profits instead of big ones. The idea is that with little profits (which are easier to achieve), you can replicate it many more times to make money that is safe and consistent than someone who is waiting on a higher percentage.

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Agreed many traders tends to trade with so much money that they cant afford to lose cause of greed . Most don't like to understand what trading is all about they think it is a get rich scheme not knowing that it is like any other business which includes both losses and again . Taking that into consideration one should risk trading only a reasonable amount of funds.

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1. Trading money that you can't afford to lose
On the moment that you do touch up this unpredictable space, then you should really be just making use of the money on which you can afford to lose. Why?
If ever you would really be able to lose up those funds then you wont really be finding yourself that being impulsive on which you could really be able to make yourself that easily move on.
Why? because you do know that you are just spending on the amount that you can afford to lose.

Also, on the moment that you would be having those loses then if you are making use of your last funds or something that it is really that your savings. Then you would be
making yourself that trying to chase up those loses. You would really be having that kind of desperation at the moment that you would really be doing trading
and this is something that wont be recommended because you would really be chasing up these things.

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Quote from: Xampeuu on June 06, 2024, 01:44:10 AM

It is indeed common, in fact every trader has experienced it, the only difference is how they can control their emotions, so they can comply with the rules they have made themselves. It is difficult for us without practice to control our emotions. By practicing more, we will have experience and that way we will be able to form our own emotional stability, but remember we also have to be disciplined towards ourselves.

At the beginning when a newbie enters into the trading field then everything seems different from what they have learned so it is obvious that handling their emotions after the first loss will be more difficult for them but when they trade again and again so they will get experience.

Due to increased experience they will enhance their profit so after huge gain if they face a single loss then they will be able to tolerate this as they will have experience that after each loss they will surely take profit if they are experts traders.

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Quote from: Fiasem20 on June 01, 2024, 09:29:25 AM

Most traders always think that acquiring the skill of trading will reduce the losses

It won't. Acquiring the skill means that you are accepting the fact that anything can happen in the market. That your wins and losses are perfectly painted in probabilities. Having the skill in trading is knowing when to take the risk and when not to. Because losses are normal part of the game in trading. It's like taxes or transaction cost that need to be payed to be in the game.

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Quote from: Peanutswar on June 05, 2024, 06:43:58 AM

This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.

Yes, I think this is often warned repeatedly. However, until now, these errors still occur very often. Not only for newbies, but also for people who frequently trade. However, I understand that sometimes people tend to be greedy. This usually happens because someone wants maximum profit, so they continue to hold the assets they own. In fact, the best way to avoid this is to sell the asset for a percentage. For example, if our price target is reached, we might sell 10% to 30% of the assets we own, and continue doing that. If the price goes down, we can buy it back.

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Quote from: Xampeuu on June 06, 2024, 01:44:10 AM

Quote from: Fredomago on June 05, 2024, 07:39:15 AM

Quote from: Peanutswar on June 05, 2024, 06:43:58 AM

This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.

Yup, that functions will help you to stay with your target it's best to learn more deeper understanding so you'll not just place your position and hope for luck to go behind you, unlike with deep understanding you can set up your limit and once the target hit out then you can call for the day, that's not limited with profits but also with losses, if you have that good setup then you can prevent being greedy and your chance of success is better.

It's your knowledge and trust with your own capabilities to research and study, the rest will be base from experienced that you'll again along the way.

It is indeed common, in fact every trader has experienced it, the only difference is how they can control their emotions, so they can comply with the rules they have made themselves. It is difficult for us without practice to control our emotions. By practicing more, we will have experience and that way we will be able to form our own emotional stability, but remember we also have to be disciplined towards ourselves.

More on our decision making, though practice helps you to make that good decision and anticipate how the market will move forward, but we can't deny the fact that we really can't just perfectly executed our plans, unlike with bot which they can keep whatever we set up for them to execute, human have their feelings and from that, it's really a tough call each time we are seeing how the market moves, chances to change the direction of our position is always possible, as emotions can do push us to whatever we think that will give us better outcome.

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Quote from: bitLeap on June 04, 2024, 10:28:43 AM

Quote from: adiksau0414 on June 02, 2024, 08:07:28 AM

I agree with this especially about greediness. When it comes to trading, greed might result in rash choices, excessive trading, or taking on excessive risk. Greed can impair judgment, lead traders to risk too much money on a single trade, or cause them to hang onto lost positions for too long. Having a sound trading plan and following it is more crucial than pursuing excessive profits out of greed. To stay out of the greed trap, it's critical to control risk and establish reasonable profit goals.

In any case, greed will lead to negative things, especially in trading. To prevent this from happening to us, we should set a target before we trade, be it a profit target or a loss target. That way, we can further minimize the greed that comes to us.
It's not easy to implement this, but we can work hard to do it. I'm sure we will get used to it and be able to suppress the greed within us.
When we can control ourselves, we will be able to avoid things that will have a bad impact on us. And I think only we can control ourselves, so we have to be in complete control so that emotions or greed don't control us.

Depends on the level of the greed. I mean it will most probably reach to a bad thing if you are "too" greedy, but if you are not greedy at all then you wouldn't want anything more than you have. So, any person who ever invests into bitcoin is "greedy" in the sense that they want more than what they have, so that is greed, but if you sell your house and put it on 100x leverage to be wealthy right away, that is too greedy obviously. So all in all, the level of greed needs to be adjusted.

I personally just put some aside every month whenever I can, failed to do that for a while now because of my financial situation, but that is my idea of investment, just get your wage and put some to bitcoin and do that for many many years.

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Quote from: Fredomago on June 05, 2024, 07:39:15 AM

Quote from: Peanutswar on June 05, 2024, 06:43:58 AM

This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.

Yup, that functions will help you to stay with your target it's best to learn more deeper understanding so you'll not just place your position and hope for luck to go behind you, unlike with deep understanding you can set up your limit and once the target hit out then you can call for the day, that's not limited with profits but also with losses, if you have that good setup then you can prevent being greedy and your chance of success is better.

It's your knowledge and trust with your own capabilities to research and study, the rest will be base from experienced that you'll again along the way.

It is indeed common, in fact every trader has experienced it, the only difference is how they can control their emotions, so they can comply with the rules they have made themselves. It is difficult for us without practice to control our emotions. By practicing more, we will have experience and that way we will be able to form our own emotional stability, but remember we also have to be disciplined towards ourselves.

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Quote from: Yamifoud on June 05, 2024, 06:23:47 AM

Supposedly that is the thing we should do but too unfortunate that only a few have the consideration of correcting their mistakes while the majority are still blind and continue their wrongdoings.

We would say that there is no perfect trader that exists, we all commit mistakes but we don't make this a reason for our total failure when we know there is the best solution for this. It is certainly hard but if our goal is to become successful then we have to influence our minds to think in a positive way, not the negative one.

Indeed, more traders end up falling or experiencing the same mistakes that make them lose money. I think the reason is the inability of traders to find a solution. or are still confused about the steps he took.
traders of that type may need more experience to learn. they know their mistakes, they learn from mistakes and look for solutions, but the results are not as expected. it requires more effort.

Quote from: Fredomago on June 05, 2024, 07:39:15 AM

Yup, that functions will help you to stay with your target it's best to learn more deeper understanding so you'll not just place your position and hope for luck to go behind you, unlike with deep understanding you can set up your limit and once the target hit out then you can call for the day, that's not limited with profits but also with losses, if you have that good setup then you can prevent being greedy and your chance of success is better.

It's your knowledge and trust with your own capabilities to research and study, the rest will be base from experienced that you'll again along the way.

that's what differentiates experienced traders and new traders who are trying to improve their skills. Everyone can learn from the experiences shared by others. but unfortunately, not many people do it. even with their own experience many still make the same mistakes over and over again in failed trades.

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Quote from: Peanutswar on June 05, 2024, 06:43:58 AM

This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.

Yup, that functions will help you to stay with your target it's best to learn more deeper understanding so you'll not just place your position and hope for luck to go behind you, unlike with deep understanding you can set up your limit and once the target hit out then you can call for the day, that's not limited with profits but also with losses, if you have that good setup then you can prevent being greedy and your chance of success is better.

It's your knowledge and trust with your own capabilities to research and study, the rest will be base from experienced that you'll again along the way.

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This mistake is common and never dies; people tend to get more greedy of wondering they can get more of what they have so their emotions conquer to hold more their position after that makes another mistake tends to lose their position and gets liquidated, if you are a newbie trader this most happens but if you are experienced trader cutting loss is the most suitable than burning more your money, also have a plan until when you will hold and until what price there's a reason why TP/SL feature added in futures trading. Use this as your safety measurement.

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Quote from: AakZaki on April 12, 2024, 03:21:38 PM

Quote from: Yamifoud on April 10, 2024, 06:37:21 PM

Committing mistakes is normal but committing the same mistake all over again and again is somewhat not good anymore as it looks like we are not learning nor we would like to change. Many people had learned from their mistakes in the past so they improved and became successful. I think that committing mistakes is a good tool to make someone push themselves to learn more and become careful in their actions. More experience, more mistakes but on the other hand, it creates also more learnings.

You are right about that opinion, making lots of mistakes will be a good lesson. But sometimes someone cannot escape from these mistakes and always repeats them. This also depends on how mentally they carry out trading. It won't improve if you can't train your mentality, you always panic and even sell when prices crash. I always try to use the losses that occur as a reference for the future and mark these mistakes. so the profits will be more than the losses.

Supposedly that is the thing we should do but too unfortunate that only a few have the consideration of correcting their mistakes while the majority are still blind and continue their wrongdoings.

We would say that there is no perfect trader that exists, we all commit mistakes but we don't make this a reason for our total failure when we know there is the best solution for this. It is certainly hard but if our goal is to become successful then we have to influence our minds to think in a positive way, not the negative one.

Topic: Don't do this mistakes in trading - page 2. (Read 1385 times)