I usually make the first mistake when I was a beginner trader and have loss a lot of my money doing that. This is a very useful information especially for beginners hope many will take note of it .
When a beginner trader makes a fatal mistake and can result in the loss of money that has been used as his capital in trading, of course he will look for ways and loopholes that are important enough to learn things that he doesn't know yet in order not to repeat the same mistake later when he returns to the market to trade with new capital. So I am also quite impressed when there are people who want to share knowledge like this with many people so that people like you can be greatly helped by this and will be a very important reminder when you want to trade again in the days to come.
Topic: learn from my 3 mistakes I made in trading (Read 934 times)
Trying to limit trading mistakes to three would be very low number, there are hundreds of different things you can do, these three are just what OP did, but you can hear others and you will see that there are a lot of people who make a lot of mistakes and a lot of different ways.
Most common one is rushing into trading for example, it's really not that good looking and I hope that we could see people can change with time, otherwise it makes no sense at all. I am sure that people could see this as a way to wake up and try to look back on their own mistakes. Because we are talking about a situation where if you look back on your mistakes, then you are going to make a lot more money, since you will learn from it without a doubt.
Most common one is rushing into trading for example, it's really not that good looking and I hope that we could see people can change with time, otherwise it makes no sense at all. I am sure that people could see this as a way to wake up and try to look back on their own mistakes. Because we are talking about a situation where if you look back on your mistakes, then you are going to make a lot more money, since you will learn from it without a doubt.
In trading mistakes is inevitable. One of my major mistake as a beginner trader was also over trading. Sometimes I will make a good money during the Asian session, them during London session I will loss it back. So to combat the mistake I decide to take one to two trades daily. From them I begin to see profit.
Another big negligence on my trading journey was not taking proper journal of my trades and not setting a weekly pips goals for myself, it really draw me back.
Another main issue was proper trade management and risk managements, I was fun of entry multiple positions on a smaller account without proper risk managements
Another big negligence on my trading journey was not taking proper journal of my trades and not setting a weekly pips goals for myself, it really draw me back.
Another main issue was proper trade management and risk managements, I was fun of entry multiple positions on a smaller account without proper risk managements
Although I am not in favor of short-term trading, I have to say you have made some good points. Trading is like poker, you have to wait for good hands in general. You cannot just trade for the sake of trading.
Wait for a good risk-to-reward ratio and follow that with proper bankroll management.
I usually make the first mistake when I was a beginner trader and have loss a lot of my money doing that. This is a very useful information especially for beginners hope many will take note of it .
When a beginner trader makes a fatal mistake and can result in the loss of money that has been used as his capital in trading, of course he will look for ways and loopholes that are important enough to learn things that he doesn't know yet in order not to repeat the same mistake later when he returns to the market to trade with new capital. So I am also quite impressed when there are people who want to share knowledge like this with many people so that people like you can be greatly helped by this and will be a very important reminder when you want to trade again in the days to come.
In trading mistakes is inevitable. One of my major mistake as a beginner trader was also over trading. Sometimes I will make a good money during the Asian session, them during London session I will loss it back. So to combat the mistake I decide to take one to two trades daily. From them I begin to see profit.
Another big negligence on my trading journey was not taking proper journal of my trades and not setting a weekly pips goals for myself, it really draw me back.
Another main issue was proper trade management and risk managements, I was fun of entry multiple positions on a smaller account without proper risk managements
Another big negligence on my trading journey was not taking proper journal of my trades and not setting a weekly pips goals for myself, it really draw me back.
Another main issue was proper trade management and risk managements, I was fun of entry multiple positions on a smaller account without proper risk managements
Mistake #1:
Never engage in medium or long-term trades with shitcoins.
Never engage in medium or long-term trades with shitcoins.
Shitcoins can easily manipulate with the number of supplies and the large wallet hodlers so its ideal to get with the ride on the shitcoins or memecoins and make a quick flip it doesn't have a long term goal unlike the bitcoin and other projects. Reason why people get a ride of the help and sell their asset immediately after taking gains 2x is enough don't take greedy.
Mistake #2:
Avoid overtrading at all costs.
Avoid overtrading at all costs.
The reason why there's a TP and SL in most of the exchange so this feature makes the trader avoid getting liquidated. If the trade is not well according to plan better to cut loss and make a plan for another execution if there's an any opportunity on the market.
Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
Actually not all the time because like what happened with the meme coin Trump people make a buy once its release and the price goes up to the sky during its short time so if you get ride on the market within these days on this coin you gain profit and if you are late comer you will just get trap in the market.
My biggest mistake while trading was rushing, that's what I did back in the day, I didn't really hold stuff for more than an hour at all, whenever something was profit time, I got out way too early, and could have made a lot more money if I held a bit more, and same goes for going down, if I see something going down, I quite way too quickly and sold and cut my losses, when most of them just recovered after a few days.
I remember right now that I used to be in your shoes as I was reading what you wrote. This is something many traders experience too but we overcame them with having more patience with our trades. Some of the profits that I have made from trading is because of patience and not because I got my timing right. Instead of existing when you're in loss in Bitcoin, you can decide to have patience because sometimes the market is only faking the dump and not like it's dumping for real.
Selling too quick is a common mistake among traders but it's better to sell quicker than to sell late because when you sell late, you'll be losing the profits that you have already had but selling early only means you miss out on profits that you would have gotten if you had waited a little more but didn't have it quite yet.
My biggest mistake while trading was rushing, that's what I did back in the day, I didn't really hold stuff for more than an hour at all, whenever something was profit time, I got out way too early, and could have made a lot more money if I held a bit more, and same goes for going down, if I see something going down, I quite way too quickly and sold and cut my losses, when most of them just recovered after a few days.
So when you are trading, we are talking about a scenario where things aren't really looking that bad, in reality they are actually quite good, but many people lose that perspective so it is not really that easy to handle it. I hope that we could make sure that things are dealing with it a lot more carefully, but that isn't looking like that right now, we should be a bit more careful about it.
So when you are trading, we are talking about a scenario where things aren't really looking that bad, in reality they are actually quite good, but many people lose that perspective so it is not really that easy to handle it. I hope that we could make sure that things are dealing with it a lot more carefully, but that isn't looking like that right now, we should be a bit more careful about it.
Hi Amigos
Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.
Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!
Most traders tend to make mistakes number one and two. New traders usually invest in some shit coins for high profits with a small investment where there is no possibility of getting money after the investment. They get greedy and lose their investment. There are some who are temporarily profitable but do not withdraw and trust in them. At some point, when they lose a lot, they are not in a position to get a return on their investment.Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.
Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!
Another tendency among new traders is that they invest quickly in some new listed coins and want to make a quick profit from them. But the results are not fruitful there. In most cases, what I see is that after investing in new coins, they cannot reach the price they invested in. Will those who bought Trump Coin for $70 be able to get the return.
Using the news to make trading decision is very important and this is one of the profitable way to make money from the market. Those that understand the market would never joke with the fundamental aspect of trading.
News is hard to predict when it will be released and what type of news like positive or negative news will be used.Market can react oppositely with same market type too and it means you can fail with thinking like market will move up with good news in bear market while it does not, just sideway or falls down more.
You can use stop loss order without need of knowing about market news that is only main manipulative tool.
One of the best weapons in trading.
Hi Amigos
Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.
Mistake #2:
Avoid overtrading at all costs.
Just because you’ve exited a trade—whether it was profitable or not—doesn’t mean you should immediately jump into another one. Sometimes not trading at all is a win in itself.
Excessive trading increases your chances of losses and drains your focus and patience.
Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!
that's my 3 mistakes , What's yours ?
From these mistakes you have made in the past, we are still seeing many traders making the same mistakes without realizing. Trading is more of time devoted in planning and strategizing so there could be enough trading patterns that could help to make money in the market. Those that understand how to incorporate technical analysis and fundamental which is the news aspect would have a quick decision and more profits strategy than just depending on technical aspects which could not be reliable when used alone without other strategies incorporated. Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.
Mistake #2:
Avoid overtrading at all costs.
Just because you’ve exited a trade—whether it was profitable or not—doesn’t mean you should immediately jump into another one. Sometimes not trading at all is a win in itself.
Excessive trading increases your chances of losses and drains your focus and patience.
Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!
that's my 3 mistakes , What's yours ?
Using the news to make trading decision is very important and this is one of the profitable way to make money from the market. Those that understand the market would never joke with the fundamental aspect of trading.
I usually make the first mistake when I was a beginner trader and have loss a lot of my money doing that. This is a very useful information especially for beginners hope many will take note of it .
I am not experienced traders but i made some mistaken in the my past trades history, as like I faced mistake 1 & 2 in your mentioned 3 mistakes in trading,
I made trading with some coins those are high volatile coins and listed only a exchange and when i holding those coins suddenly i seen those coins are delisted, still i can not sell those coins, it was my big mistaken now i understand.
I made trading with some coins those are high volatile coins and listed only a exchange and when i holding those coins suddenly i seen those coins are delisted, still i can not sell those coins, it was my big mistaken now i understand.
Exchanges give enough time even after delisting to sell your coins, this means that you did not monitor these tokens properly if you missed the moment of listing and for a long time after that. Did I understand correctly that you cannot sell your tokens that remained on the exchange and were delisted?
Low-cap tokens require special attention, in fact, any tokens that you have in your portfolio require constant attention and only fundamental coins can be in the portfolio on long-term hold without unnecessary nerves.
Hi Amigos
Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.
Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.
Being removed from an exchange is not an excuse thou because they normally notify users who hold that particular coin of the new development and suggest they move their assets to another exchange or sell it off. The prior notice comes early enough to give holders enough time to decide on what to do. However, it is generally a bad idea to tie oneself to a certain altcoin for a long time. Altcoins are like seasonal crops that are fruitful at their time and become irrelevant in the next season. You just have to make use of the opportunity and find your way to another.
Quote
Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!
This depends on the coin thou and how strong the team behind the project is. I have seen so many new listed coins offer immense profits to those that ape in early. Likewise, some will do the opposite but you just have to analyse before you venture into the risk. By the way, are you testing the color format? Why are you writing in colours?
I am not experienced traders but i made some mistaken in the my past trades history, as like I faced mistake 1 & 2 in your mentioned 3 mistakes in trading,
I made trading with some coins those are high volatile coins and listed only a exchange and when i holding those coins suddenly i seen those coins are delisted, still i can not sell those coins, it was my big mistaken now i understand.
I made trading with some coins those are high volatile coins and listed only a exchange and when i holding those coins suddenly i seen those coins are delisted, still i can not sell those coins, it was my big mistaken now i understand.
If we keep on risking our funds on newly listed coins that haven’t even proved their potentials in the market, losses will never stop. Instead, let’s just stick to bitcoin where the rate of profitability is undeniably high, rather than trying to find our luck with newly developed coins and end up losing our money. Don’t settle for non-reputable coins, but since you are risking your hard-earned money, then always go for highly reputable coin like bitcoin or even those proven highly potential altcoins.
Actually I don't trade regularly and I am not a professional trader. Since Trump won the US election. So I invested some money in $TRUMP coins. I am at a loss, so I have to hold for a long time to recover my loss but holding for a long time does not guarantee recovery. I don't like altcoins but after a long time got greedy and invested some money. Which was my wrong decision. Both investing and trading in altcoins are risky. I always like Bitcoin, Bitcoin is the most trusted. Yes, we should stick with Bitcoin to be safe.Hey mate, sorry for your loss, the good news is
but I don’t think you’ll be waiting too long. The altcoin season will probably kick in over the next few months—maybe March or April.
Learn from this mistake—let it carve wisdom into your soul.
So the most fatal mistake in my opinion is following other people without having your own strategy and without your own research. In the past, I often saw friends FOMO into futures, in the end they lost. Even though trading on the spot is confusing, let alone using leverage. Now I prefer coins with good fundamentals and just HODL, it's safer.
I think spot trading is not that confusing, it's the safest to start as a beginner to avoid many mistakes because the loss on spot is quite accommodating, at least in spot, you loss only the value of your assets not your entire tokens at once unlike future. You only tell the beginners to run a thorough research to keep them vigilant and love the space more since that's the sacrifice a beginner can give not money.
All your mistakes would probably happen to everyone, even if they tried to avoid them. It’s just something that happens because of the market's unpredictability.
Personally, I think the mistakes that I have encountered are the same as yours, and they are mostly about overtrading and just being in a position to a lot of coins.
Personally, I think the mistakes that I have encountered are the same as yours, and they are mostly about overtrading and just being in a position to a lot of coins.
If we keep on risking our funds on newly listed coins that haven’t even proved their potentials in the market, losses will never stop. Instead, let’s just stick to bitcoin where the rate of profitability is undeniably high, rather than trying to find our luck with newly developed coins and end up losing our money. Don’t settle for non-reputable coins, but since you are risking your hard-earned money, then always go for highly reputable coin like bitcoin or even those proven highly potential altcoins.
Actually I don't trade regularly and I am not a professional trader. Since Trump won the US election. So I invested some money in $TRUMP coins. I am at a loss, so I have to hold for a long time to recover my loss but holding for a long time does not guarantee recovery. I don't like altcoins but after a long time got greedy and invested some money. Which was my wrong decision. Both investing and trading in altcoins are risky. I always like Bitcoin, Bitcoin is the most trusted. Yes, we should stick with Bitcoin to be safe. 
that's my 3 mistakes , What's yours ?
Maybe the three mistakes you describe can still be forgiven and can be a lesson for further improvement. However, my mistake that I do not forgive is following friends in futures trading. I have often heard of friends going bankrupt because of crypto futures trading. They did not learn from their mistakes, and I followed them. Even though crypto is already volatile, then it was used as a derivative, it became very aggressive. Until finally I realized that crypto is more suitable for investment only. Don't be the next victim.So the most fatal mistake in my opinion is following other people without having your own strategy and without your own research. In the past, I often saw friends FOMO into futures, in the end they lost. Even though trading on the spot is confusing, let alone using leverage. Now I prefer coins with good fundamentals and just HODL, it's safer.
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