This the reason why newbie traders are not advisable to engage in trading activity. They are only seeing trading as a get rich quick scheme, and that’s the worst expectation from trading. While others continue to create successful trades from their trading activities, that’s because they have been losing too much from the start that they end up learning from all their mistakes that made them wiser and smarter as traders.
Learning from mistakes and fixing everything takes quite a long time, it cannot be done instantly. a professional trader will take years until they master the market and know how they should enter and exit to make a profit. beginners who only enter the market with basic knowledge and consider themselves to be reliable traders, they will not always be lucky, of course they will lose in the end if they don't study it more seriously. Every trader will make mistakes, whoever it is, even a professional can lose thousands of dollars, let alone a beginner who doesn't understand anything. 
Topic: Don't do this mistakes in trading - page 5. (Read 1385 times)
Making money in the crypto market has never being the same and we need to take some certain precautions so that we don't lose all our funds in the crypto market. We need to be wise and do things that would help us not to lose so much money in the crypto market.
If we can yield to this rules and make sure we don't trade with what we know we can't afford to lose then we need to keep gambling with smaller fund to reduce the risk we are taking as a crypto trader.
If we can yield to this rules and make sure we don't trade with what we know we can't afford to lose then we need to keep gambling with smaller fund to reduce the risk we are taking as a crypto trader.
One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
- That is something that a novice in trading should not do. But no matter how many times someone says such reminders, there are still many stubborn people who enter trading. That is their main reason for entering trading.
Because if you want to make money quickly in trading, that means you will also quickly hate this field of crypto space for sure, and you can even curse it because you have high expectations about the industry of crypto space.
If we always make limitations in terms of experience and knowledge of a person as an obstacle to achieving success then logically there will never be anyone who succeeds in achieving success in any matter or field, because after all everything always starts with ignorance but over time they will be able to have knowledge and experience that they will generate from the journey in the process of struggle. On the other hand, there are many people who feel motivated by the success of others such as in the world of trading, but only a few of them really put seriousness in their intentions and determination so that in the end they fail because they are only ready for the results but not ready for all the difficulties in the process.
A trader can make many mistakes in trading but the biggest mistake is thinking of making too much profit in trading quickly. There are many traders who only think that they will make profit after trading but many avoid the thought of loss that can be against the profit. But reality can never be ignored. When a trader starts trading by being greedy in the hope of large profit, he is sure to lose. A trader must have a good understanding of several aspects of investing. By controlling a trader to get the right idea on how to trade. How much lost will not affect the normal life of a trader. It is natural that every human will make mistakes, but before making mistakes, the trader needs to be aware, and if there is a mistake, he should learn from it and for that mistake. If trading can be managed by learning from mistakes then surely that can be the good initiative of a good trader.
I think the biggest would be thinking that he could keep making the profit the way he is making. There are so many people who made some profit, and saw how rich they got, and they start to assume that they will keep making the same amount of profit forever. That type of profit during the bull run makes them think that this is forever, when in reality we are talking about something that wouldn't be fair at all.This is why we should probably consider that if we are making a profit, just put some of that aside for the bear market, we are going to see things shift and when the price is lower then we are going to argue that we don't have enough. Putting some aside, probably in dollar or stablecoins, could help us on the long run.
The two things you mention are pay less and second is a greedy nature both have a great potential to destroy your trading career before start. In the mind of newcomers borrow money from someone for a few days and in these few days they will make it double this is because of the misguidance they hear from friends or YouTube etc that trading is a quick rich scheme. This includes a huge risk if you get some profit by chance then it's ok but what if you lose the fund? You will destroy your career. The second thing is greed which is attached to emotions and is a monster if you can't control this wild animal will result in losing all your assets and funds. So be careful when you come to trading and before coming get a good experience in trading.
A trader can make many mistakes in trading but the biggest mistake is thinking of making too much profit in trading quickly. There are many traders who only think that they will make profit after trading but many avoid the thought of loss that can be against the profit. But reality can never be ignored. When a trader starts trading by being greedy in the hope of large profit, he is sure to lose. A trader must have a good understanding of several aspects of investing. By controlling a trader to get the right idea on how to trade. How much lost will not affect the normal life of a trader. It is natural that every human will make mistakes, but before making mistakes, the trader needs to be aware, and if there is a mistake, he should learn from it and for that mistake. If trading can be managed by learning from mistakes then surely that can be the good initiative of a good trader.
I think the biggest would be thinking that he could keep making the profit the way he is making. There are so many people who made some profit, and saw how rich they got, and they start to assume that they will keep making the same amount of profit forever. That type of profit during the bull run makes them think that this is forever, when in reality we are talking about something that wouldn't be fair at all.This is why we should probably consider that if we are making a profit, just put some of that aside for the bear market, we are going to see things shift and when the price is lower then we are going to argue that we don't have enough. Putting some aside, probably in dollar or stablecoins, could help us on the long run.
One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
- That is something that a novice in trading should not do. But no matter how many times someone says such reminders, there are still many stubborn people who enter trading.
That is their main reason for entering trading.
Because if you want to make money quickly in trading, that means you will also quickly hate this field of crypto space for sure, and you can even curse it because you have high expectations about the industry of crypto space.
Trading will never make you instantly rich, so you don’t have to jump into trading and think immediately about making profits. Majority of novice traders trade not because they want to learn trading, but because they want to satisfy their greed for profits, that’s why we’ve been seeing them trading even when the market is not suitable to trade. The reminder to trade only when you are ready and when the market only favors your trade is never new to us. But it seems it’s only easy to say but hard to do for novice trades.
Newbies traders are too self-absorbed to care about anything else but their own desires, and honestly believe that just because they want to make money the markets must accommodate them, a mistaken notion but one that is very common among those newbie traders, and once they predictably fail, they begin to make all kind of outrageous claims about the whole market of cryptocurrencies being a scam, when it was their own choices what caused them those terrible losses.
Trading unnecessarily just because they have fixed number trades to done as their goal is another common mistake done by most of the day traders. They forget to add trading fee and other expenses while calculating the profits which will let the capital to drain gradually at unnoticeable rate even though the loss incurred due to this is very minimal still it's waste of time and resources that can be utilised onto something profitable.
Having a fixed number of trades to be done a day or in a week is a bad idea. Some people do not only have fixed numbers but a target of how much they will make before they stop trading for the day. Some times these targets are high to be met and it is always difficult to meet the target. One more thing is that they don't fix limit for losses before they stop trading.people become greedy when they see opportunities for greater profits. it usually happens to traders and I think almost all traders have experienced a situation like that.
even though in trading we make plans for the profits we get. but when we saw better growth potential, we changed our initial plans. and that can be good or bad. It's like you are risking profits that are already in your hands for greater profits.
People who are engulfed by greed are people who has never lost huge amount of money before. There's an amount of money you will lose and you will be very careful not to be so greedy in trading next time. even though in trading we make plans for the profits we get. but when we saw better growth potential, we changed our initial plans. and that can be good or bad. It's like you are risking profits that are already in your hands for greater profits.
Those who trade without long term preparation not just in means of funds but also without knowing when to buy and sell obviously, will definitely have a hard time making profits in trading. And when they end up trading with consistent losses, they eventually quit and see trading an unreliable source of income. But for those who trade with great knowledge and skills, not being greedy and not up for quick profits, they have bigger chances to succeed in trading in the long run.
Until now, there have been such traders, in truth. The others are because, even though they have already made mistakes, they keep repeating them because they think thatwhat they thought would happen is actually not possible.
Then we know that trading is not easy to learn, and if they don't really do it, their capital will definitely be destroyed and dissolved for sure in the end.
Learning trading is not an easy thing and it takes a long time to understand trading, but they have to be patient with each learning process they carry out in order to be able to make trades that produce profits for them in trading, because if they are impatient with the process What they have to go through is of course that they will be very unlikely to be able to make a profit from their trading.
One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
- That is something that a novice in trading should not do. But no matter how many times someone says such reminders, there are still many stubborn people who enter trading.
That is their main reason for entering trading.
Because if you want to make money quickly in trading, that means you will also quickly hate this field of crypto space for sure, and you can even curse it because you have high expectations about the industry of crypto space.
Until now, there have been such traders, in truth. The others are because, even though they have already made mistakes, they keep repeating them because they think that
what they thought would happen is actually not possible.
Then we know that trading is not easy to learn, and if they don't really do it, their capital will definitely be destroyed and dissolved for sure in the end.
One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.
- That is something that a novice in trading should not do. But no matter how many times someone says such reminders, there are still many stubborn people who enter trading.
That is their main reason for entering trading.
Because if you want to make money quickly in trading, that means you will also quickly hate this field of crypto space for sure, and you can even curse it because you have high expectations about the industry of crypto space.
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.
Yes greed can be one of the biggest reasons for losing in trading. Many times it is seen that various shitcoins are pumped in the market and many people panic and get greedy and invest there, later they face a lot of losses. Again, many greedy people do future trading to make big profits quickly, which is a very big risk. Many people lose a lot there. So you must keep your greed under control. And have to do trading on relax Way. then it is possible to make good profit from trading 
Always trade with the amount that you can afford to lose. Not every trader earns a lot but most of them got through several experiences and bad trades and that's why if many of them are earning really well, it's because that they've gained that through their stay in the market.
And we will never know how much losses and pain that they've been through just to understand how the market works and build their own trading strategies because not everyone goes to that point of being good as soon as they try trading. So whoever stays, are the ones that benefits and gets most of the market.
By using capital that we can afford to lose if we lose that capital, this will enable us to learn from the mistakes we made and we will try again to trade so that we have a lot of experience which will make us successful when trading and if someone cannot learn from the mistake they make is of course that they will leave the trade and never try to trade again.And we will never know how much losses and pain that they've been through just to understand how the market works and build their own trading strategies because not everyone goes to that point of being good as soon as they try trading. So whoever stays, are the ones that benefits and gets most of the market.
Yes, of course we never know how much we have lost from trading, but they will be able to get back what they have lost once they understand well how to analyze the market and control themselves when trading.
1. Trading money that you can't afford to lose
If you are on a situation;
Deep debt
Last fund or savings
Making a living with gambling
Then it would really be always recommended that you shouldnt really be treating up gambling on this way on which these things would really be just messing up your entire life with.
If you arent that sensible on the actions that you are making then you are just basically making yourself putting up on so much trouble. This is why it would really be that best
that once you do step yourself into this field or market then being versatile and having that acceptance and easy adaptation is really that recommended.
You cant just that make yourself that too confident and making yourself way too greedy.
If you are on a situation;
Deep debt
Last fund or savings
Making a living with gambling
Then it would really be always recommended that you shouldnt really be treating up gambling on this way on which these things would really be just messing up your entire life with.
If you arent that sensible on the actions that you are making then you are just basically making yourself putting up on so much trouble. This is why it would really be that best
that once you do step yourself into this field or market then being versatile and having that acceptance and easy adaptation is really that recommended.
You cant just that make yourself that too confident and making yourself way too greedy.
People basically lose their money most of the time when they become greedy. I have seen many traders only think about their profits when they start making profits, and then they become much more attractive. And the businessmen who fall among such people are the losers and face great problems. In trading, we should not only plan for our profit but also keep in mind that there is loss here and this is also a matter of concern. If you want to trade, you must analyze both positive and negative aspects, otherwise it is never possible to survive in the market. So before starting trading you must control your emotions and greed otherwise it is never possible to succeed and always plan properly, but profit can be achieved.
In trading, you only have two options, either you trade at a loss or for profits. However, for newbies in the market, consider it you’ll get more losses too often than attracting profits. Experience matters in trading, if you have no knowledge and experience in trading, your potentials to be in profits will be hardly possible. This is why learn to develop your skills and strategies first, that way you can control your losses and improve ways on how to maximize your profits. Trading may not be a do or die, but you’ll eventually die in distress if you keep losing your trades.
And often, when we have greed, we just gamble, and it's hard like that because we think, "It looks like it's going to go up, so I'll hold first" or "It looks like it's going to go down, and I'm going to sell." That's how we think, right? ? Sometimes we even say, "I hope it goes down; I hope it goes down, then all of a sudden it will go up," or something like that. So these thoughts are called gambling, or no strategy, no exit strategy, or when to enter the purchase, as in just hoping for luck. So never gamble with crypto trading.
Those are my experienced when I was starting here in this field industry...
Those are my experienced when I was starting here in this field industry...
Another important points I will add to your own earlier points is the inability of traders to exercise patience and also trade management in trading. A trader that is impatient are very one step closer to blowing up their account because without being patient, you will always take profit at a lower ratio when compared to the ratio of the loss you get from any trade encountered from that same trading account. If your trade continues in this manner and your profits are not always greater than your losses, your account will blow sooner. Knowing how to manage your trade by knowing when to enter a trade, when to leave a trade and most importantly when to withdraw your profits is very important. If you can play along with this three well on how the market reacts, you won’t have a problem with managing your trades.
People basically lose their money most of the time when they become greedy. I have seen many traders only think about their profits when they start making profits, and then they become much more attractive. And the businessmen who fall among such people are the losers and face great problems. In trading, we should not only plan for our profit but also keep in mind that there is loss here and this is also a matter of concern. If you want to trade, you must analyze both positive and negative aspects, otherwise it is never possible to survive in the market. So before starting trading you must control your emotions and greed otherwise it is never possible to succeed and always plan properly, but profit can be achieved.
In trading, you only have two options, either you trade at a loss or for profits. However, for newbies in the market, consider it you’ll get more losses too often than attracting profits. Experience matters in trading, if you have no knowledge and experience in trading, your potentials to be in profits will be hardly possible. This is why learn to develop your skills and strategies first, that way you can control your losses and improve ways on how to maximize your profits. Trading may not be a do or die, but you’ll eventually die in distress if you keep losing your trades. 
Greed can enter any individual, whether it is in trading or gambling. That means greed is everywhere; it's up to us if we allow it to enter our thoughts, which will control our personalities.
So it is up to us to decide whether we let it enter our being to control us.
But if we just let greed out of our lives, it will lose its meaning so that it can control us; instead, we can still control ourselves to fight it in reality.
We can be destroyed if we are controlled by greed for something, because that thing will not be good enough for ourselves. Especially if this happens in trading and gambling, it will be difficult for us to have better control when greed starts to control all our thoughts. Because this is really not that good and should not exist within a person so no matter what, greed must really be eliminated within ourselves without any exceptions in any form. So it is up to us to decide whether we let it enter our being to control us.
But if we just let greed out of our lives, it will lose its meaning so that it can control us; instead, we can still control ourselves to fight it in reality.
I think trading and gambling are almost in the same circle. Greed is the biggest reason why people are facing more losses in trading. Initially when one gets profit from trading he thinks that he has got a good profit in a short period of time, then it gets in his head that he needs to profit some more money. In such a few steps he succeeds in trading. As he trades more and more hoping for more profit, he loses his money gradually. The key is to control both greed and patience to trade, otherwise if you get completely addicted to trading you will not hesitate to sell any of your valuable assets later on.
Greed can enter any individual, whether it is in trading or gambling. That means greed is everywhere; it's up to us if we allow it to enter our thoughts, which will control our personalities.
So it is up to us to decide whether we let it enter our being to control us.
But if we just let greed out of our lives, it will lose its meaning so that it can control us; instead, we can still control ourselves to fight it in reality.
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