Mistakes in trading that lead to loss of money

klasik1980

full member

Activity: 434

Merit: 103

One of the biggest mistakes a trader or investor should avoid in stock trading is that he/she is NOT sticking to basic rules of investing. They often ignore these simple yet basic rules either intentionally or unintentionally.

(1) Don’t Invest on Someone’s Tips

(2) Never Invest in Company You Don’t Understand

(3) Investing & Trading are not Similar

(4) Avoid Day-To-Day Panic When Your Goals Are Long-Term

(5) If You Need Cash in Short-Term, Never Invest in Stocks

(6) Have Realistic Expectations

(7) Never Try to Time the Market

( Cool

Have Well Disciplined Plan

mabell943

sr. member

Activity: 590

Merit: 258

There are times that you can incurred a risk of loss of money since trading is very unpredictable job. In just a simple mistake that you did, your whole investment are endanger and suffered to loss.

alfs75

full member

Activity: 392

Merit: 100

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Quote from: Wandering Soul~ on October 04, 2016, 12:26:28 PM

Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.

My experience in trading that leads to loss some of my portfolio is when the first time i buy some of few altcoins in a high price,because thats time all the crypto coins is in the highest price in crypto market,because i have no choice that time and lack of knowledge about digital currency bussiness,so when the time the consecutive drops of all altcoins is coming because of price blow off i panick and FUD in all my investment,so in order to prevent lossing all my asset,i sell it in a low price,so that i recover even a half of my capital,but now i regret that times,why i dont hold it until now,because all prices now back to green.

awongs

newbie

Activity: 90

Merit: 0

The mistake I made in trading is losing money. I was too panicked and not careful to make a decision by selling coins at a low price because I was worried about not getting a profit on my investment. Especially I do not see the market situation at that time, but I just need patience and time to wait until the price rise that can give me much profit.

minthit

member

Activity: 325

Merit: 11

Buying other shitcoins with bitcoin because of FOMO is my biggest mistakes. Now, I'm stuck on these shitcoins. If it needs time for ROI, it's better to hodl bitcoin and ethereum of which have strongest user base.

InvestMen

member

Activity: 270

Merit: 10

NO DISCIPLINE is my most insidious mistake. I create my own trading system, find the right option, adjust myself to hard work, but ... when I enter the market and something goes not according to the scenario, I start to panic and do stupid things.

rejin29x

full member

Activity: 196

Merit: 100

Lack of foresight and planning is the must significant mistake that is common to 80-90% of cryptocurrency traders and investors. If you can make intelligent guess into future of your holdings, you should be able to see where each coin prices are going

rhayot

newbie

Activity: 351

Merit: 0

Being greedy, because you think that the more you hold the altcoins that you have, the more it will grow thenprice of it but it is not true. Because we cannot predict what will happen in the market, sometimes the altcpins that you have at that time has a good price and then you hold for a month, sometimes it will be goes down. And I’ve been than that. So, if you think that the atcoins that you have has a good price then trade or sell it, especially when you just git it from free.

paxaway21

member

Activity: 364

Merit: 10

Quote from: Wandering Soul~ on October 04, 2016, 12:26:28 PM

Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.

Because I'm losing my money in trading, I still have to think that I still have to earn some money, so I'm getting my investment here because I'm just going to get some money back.

rhodelmabanal

full member

Activity: 1044

Merit: 103

Every person has it's own mistakes even the computer may have. It seems that this is the best time for people who learn to their mistakes. I have my own mistakes, I got my wrong decisions and I know that it is wrong. I didn't mind it, try to look around in my wallet and it seems that may have the best opportunity to get right soon.

Botnake

hero member

Activity: 2828

Merit: 666

Quote from: talk123 on February 20, 2018, 12:03:33 AM

The worst ever is January, i just hope the price of BTC become more powerfull but right now you can see the price down over 100% and i lost all of my money that day. But i realize that i need more relax and enjoy the price because i can buy more and get more Grin

That is the right attitude, you will not lose your money if you will hold and continue to aim higher.
We almost reach 20K dollars and if you were able to buy at that peak, probably you're a little upset now, but look at the price,
it started moving up, I guess we should be happy with this progress.

talk123

newbie

Activity: 4

Merit: 0

The worst ever is January, i just hope the price of BTC become more powerfull but right now you can see the price down over 100% and i lost all of my money that day. But i realize that i need more relax and enjoy the price because i can buy more and get more Grin

otunayode

full member

Activity: 462

Merit: 100

One of the mistake I made this year was when I sold the token I have been patient with knowing it will be very valuable at some point in time. Fortunately that time came but just about time for that token to take off I sold having confuse decimal point of the price in ether. Alas I sold at loss!

goribert

member

Activity: 118

Merit: 10

Quote from: ?? on ??

if you mistake trading in stake
you can hold your coin until price up again until price can take profit
or you can averaging or martiangle strategy use trading can take profit or reduce lo

I have little time involved in the trading business, and it is understandable that certain mistakes are committed when one is engaged in a learning process based on the trial and error method. But in fact, perhaps the biggest mistake a newbie can make is to enter the business and invest his hard earned money without any prior knowledge, which sooner or later leads to great losses.

SarahAfiah

member

Activity: 184

Merit: 10

Quote from: ?? on ??

if you mistake trading in stake
you can hold your coin until price up again until price can take profit
or you can averaging or martiangle strategy use trading can take profit or reduce lo

it will take a long time if you wait for the price of coin up again, it would be better to sell is the coin that we have if it is profitable range of 5% of the results we invest in trading it is more than enough

sebastianpenguen

sr. member

Activity: 308

Merit: 250

Quote from: MiF on February 13, 2018, 04:15:01 AM

Quote from: Wolfwar on February 13, 2018, 03:47:00 AM

Quote from: burdagol12345 on February 13, 2018, 01:57:17 AM

Quote from: Wandering Soul~ on October 04, 2016, 12:26:28 PM

Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.

In FAUD situation,can lead us to loss your investment in a wrong decision,because you have not in a proper mindset of your feeling andmaking decision,and that things happen to me last year when i regret the times,when i decide to sell my capp coin right away,because i fear the value will dump in lower price ,but vice versa happen next 2 weeks my capp price will go pump high in 6 times higher than the price market before i sell it .so i regret,but its give me a lot of experience in decision making.

but nevertheless I was already convinced that only people learn their mistakes. Of course what you say many can take note of, but it's a drop in the bucket and under certain circumstances a trader will still make a mistake.

Well mistakes is always there that is why we don't have to be afraid of mistakes because from the start mistake is a part of a human life same with the looses if we really done wrong and made a mistakes we can really loss but this mistakes really a good teacher and we can really make it as a difference someday so that we can really decide or make a decision in a prudent way.

Below, I will write some of the mistakes leading loss of money. They should be avoided to make profit.

-Getting fooled by pump and dumpers.
-Not setting stop-loss orders on their positions.
-Not setting the correct time interval on the price charts.
-Not setting price alarms to get warned when the wanted price is reached.

Fraaank

newbie

Activity: 20

Merit: 0

The bad story is, you can read as many mistakes as possible. But this will not prevent you from doing the same mistakes. Only experience is the real teacher.

gabmen

hero member

Activity: 1246

Merit: 529

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Quote from: MiF on February 13, 2018, 04:15:01 AM

Quote from: Wolfwar on February 13, 2018, 03:47:00 AM

Quote from: burdagol12345 on February 13, 2018, 01:57:17 AM

Quote from: Wandering Soul~ on October 04, 2016, 12:26:28 PM

Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.

In FAUD situation,can lead us to loss your investment in a wrong decision,because you have not in a proper mindset of your feeling andmaking decision,and that things happen to me last year when i regret the times,when i decide to sell my capp coin right away,because i fear the value will dump in lower price ,but vice versa happen next 2 weeks my capp price will go pump high in 6 times higher than the price market before i sell it .so i regret,but its give me a lot of experience in decision making.

but nevertheless I was already convinced that only people learn their mistakes. Of course what you say many can take note of, but it's a drop in the bucket and under certain circumstances a trader will still make a mistake.

Well mistakes is always there that is why we don't have to be afraid of mistakes because from the start mistake is a part of a human life same with the looses if we really done wrong and made a mistakes we can really loss but this mistakes really a good teacher and we can really make it as a difference someday so that we can really decide or make a decision in a prudent way.

Exactly. It contributes to your growth and experience. The only thing here is whether or not we'll learn from those mistakes we've committed. If we did learn from it, then we have to be thankful. Crypto trading opens up a lot of opportunities for making money.

Manuj

full member

Activity: 269

Merit: 102

Quote from: Wandering Soul~ on October 04, 2016, 12:26:28 PM

Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.

I have experienced that countless of times in the past. One example was during the time when I was just a newbie and was just starting to get the hang of everything in crypto. If my memory serves me right, I bought some SC, XRP, Waves, and STRAT during the peak moments in the first half of the year 2017. Several months after I bought them, I was not able to make even a little profit. I lost my patience and sold them with significant loss. And then they all flew high in the last quarter of 2017.

rv.ca6700

newbie

Activity: 11

Merit: 0

Since I'm just a newbie, I can't call that a total mistake I guess,

I got Panic when BTC rise it's value, for about 3-6 times, I thought it's going back to it's original value then suddenly the next day / week it stuck with its current value. so for Now, all I can do is hold till it rises again

Topic: Mistakes in trading that lead to loss of money (Read 16902 times)