Mistakes in trading that lead to loss of money - page 10.

Ausgewielt

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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.

Basically we will not loss our money if we sell our coin in higher price, but unfortunately most of people are too hasty and worry when the price drop then it push them to sell their in lower price then cause to they loss their money. I think those people aren't really make a research of coin that they bought. So I think they just gambling.

supine

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Trading can be very unpredictable at times; hence mistakes are bound to happen even to those who are considered experts. The most common mistake I commit is investing into altcoins and let greed get the best of me hoping the profit would be much higher not know the ATH is long gone and too late for me to sell high.

Racekid

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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.

Hmm, the only mistake I did and I keep regretting is not taking profit as and when due. I refused to take profit on my Coins, till they dip and dip and never come up till this moment. My portfolios value has decreased more 100% of how it used to be before. Now am regretting I didn't take profit when I had too

Sengoko

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Quote from: richcorner100 on November 17, 2017, 06:35:17 AM

My mistake in trading is not patient to wait and to get better price when buy some altcoin and too greedy when taking profit , sometime I change price for take profit , then other mistake is not use stop loss, I just use my feeling and too confident the price will be back to the area when I buy it.

In as much as you can detect some activities in the charts, you can use it to make your decisions, however, you should never be too keen on waiting for the right profit. The best thing is to look for the perfect time and get out cause you cannot get it all as long as you do not even have a lot to control the market. Leave that to the whales.

I normally also make the mistakes of not making use of my stop loss, but since I got used to it, it has always been a better trade for me most of the time.

Eternu

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Beside emotional decisions, I guess that one of the most deadlier mistakes would be not knowing. By that i mean not knowing things that are going on, and not knowing things about coins you are trading. So knowledge in general is one of most important things, because when you know things you can know what to expect, and after that almost anything is easy. Knowledge is power, and most people think that little knowledge is enough... but in reality its never enough.

geegaw

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Quote from: acener on December 07, 2017, 03:46:14 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.

I think one of the most common mistake that people usually commit in trading is the fact that they always panic when the price of the coin that they are trading drops down. They really need to understand that eventually, it's price will go back up again. It may not be as high as they expected, but still it is more profitable than selling low.

Yeah, that is the mistake of the investors and traders who do not have the analysis and find out the reason behind the price of the coin they bought down, they only panic and sell immediately, they are not interested in any information about it, they act according to emotions too much. Another mistake I think about is that we do not determine prices to cut losses before we trade, it leads us to lose a lot of money, determining the price to cut losses is always an important task, it can help us limit our losses

armandoz

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sometimes so easy to say to the person loss money. No one like to loss their own money that's way we need to joint our hand to help to protect our invest money to bitcoin. a lot of scum outside so we always read and read the proper way to handle our account safety and always up date our account and have a back up to USB or hard drive and don't invite any site if you are not sure. just stick in bitcoin only. the legit site.

Shutup

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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.

Yes, mistakes leads to loss.lt happened often to me before because my phone is defect. Everytime l send my eth add before it was wrong so when I got my first salary l buy my new phone and its okay now. I'm earning now a good income. that was a lesson to me. I almost about to give up because that's only l hope for to pay my debts. I'm so much thankful because my sister is my inspiration that really bitcoin is life. I saw to her the proof that bitcoin is real.

energycom

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Quote from: PrinceCaspian on December 09, 2017, 08:32:44 AM

Joining the hype, that is the reason why most of the people loss money in trading because they only jump in the market if they will see that there is trend and also a hype in that particular market so because of their attitude of being greedy, it often lead for losing money and also lowering their performance in trading.

Hypes are the most dangerous things in the trading world. You're right in this manner. Lots of people are doing wrong things because of the hypes taking place on crypto markets. This is the biggest mistake ever.

alisafox2017

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The main mistake of many traders is nonobservance of basic rules. This one is cause of money's loss. I give advice to everybody - act according to the plan that don't regret later about the deed.

PrinceCaspian

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Joining the hype, that is the reason why most of the people loss money in trading because they only jump in the market if they will see that there is trend and also a hype in that particular market so because of their attitude of being greedy, it often lead for losing money and also lowering their performance in trading.

zeaderza

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Quote from: Nariza on November 17, 2017, 05:06:07 AM

One of my mistakes in trading is I've bought a wrong coin. I expected it to pump but the price goes down. I've got loss on my investment maybe because I am a newbie that time. I don't have any idea or techniques in trading.

Never put too much funds in a shitcoin or hold shitcoin for a very long time. You should always learn to check the activities of a coin, and the volume before even putting your funds into it. Once you are in some coins, you should try as much as possible to thread carefully by not forgetting the stop loss, because anything makes them to crash badly and you would not want to be a bag holder of a shitcoin.

acener

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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.

I think one of the most common mistake that people usually commit in trading is the fact that they always panic when the price of the coin that they are trading drops down. They really need to understand that eventually, it's price will go back up again. It may not be as high as they expected, but still it is more profitable than selling low.

Hxyro

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Bystander that oversees everything that's happeng

my first try with trading was a great loss xD I trade without enough knowledge xD what i only know back then was that buy low and sell high xD the price suddenly fell so i panic, then sell low to cut losses, im glad back then that i sell it while the loss is not too big because the coin really died the next day xD

justdimin

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Quote from: martin1221 on November 17, 2017, 06:20:44 AM

I loss my money in trading through letting my self and emotion ruins my plan, i lost it because of panic in selling to it, because those coin is dumping already but at the other day, it has been pumped again, so if i were you, try not to go with your emotion. Analyze well and look well the chart.

Once you know what you are doing, emotion should always be the last thing in your dictionary as a trader bro!
Certainly, it is not that easy and I remember I use to have some of these issues before I learned and I allowed my skills to take over my decisions than making use of my emotions.

Have a strategy before you start a trade, know when to enter, when to get out when things go wrong based on the losses you can be comfortable with and also know when to bail out when things get good without being too greedy.

anitaraymonds

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One experience I had one time was with very weak internet connection. It was terrible that I lost 2/3 of my portfolio that day because of slow internet. I fill in for stop loss but the stop loss failed to register because of the speed of the internet connection and I left hoping that the stop loss is in place. If you are contemplating trading after your asset the next should be a good internet source.

KennyR

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Quote from: sana54210 on November 18, 2017, 02:22:37 PM

Quote from: dharnamonitor on November 17, 2017, 03:29:52 AM

The one of my biggest mistake at trading is that I followed a trading signal (a fake signals provider) in telegram but thankfully I didn't give much attention on their paid service which I usually got ignored because I don't want to waste my money with that kind of service just for trading and I really don't give a damn with premium shits Grin

That was a very huge mistake to make and good you have discovered they are shits. They do not offer anything and they always give a signal so they can make gullible people buy at the present price of what they have bought from dips so they can dump on them to make profit.

That is just what they do and I always tell people, that if you cannot trade yourself, do not ever follow anyone except your analysis can confirm that to be true.

Trading signals were paid services, and very few provides free of cost. One thing needed is the strong observation on the moves happening in the market. As mentioned following someone could create a coincidence benefiting you, but the reality is that it's a simple guess of someone else.

sana54210

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Quote from: dharnamonitor on November 17, 2017, 03:29:52 AM

The one of my biggest mistake at trading is that I followed a trading signal (a fake signals provider) in telegram but thankfully I didn't give much attention on their paid service which I usually got ignored because I don't want to waste my money with that kind of service just for trading and I really don't give a damn with premium shits Grin

That was a very huge mistake to make and good you have discovered they are shits. They do not offer anything and they always give a signal so they can make gullible people buy at the present price of what they have bought from dips so they can dump on them to make profit.

That is just what they do and I always tell people, that if you cannot trade yourself, do not ever follow anyone except your analysis can confirm that to be true.

slashz9

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well i have experienced it okay i will tell you
i bought x coins in the first week with 100USD capital i sold it with 20% profit. then in the second week i did the same thing and i got a profit again. in the third week i think i will surely get profit again then i bought three times more than the previous week, and as a result I lost half of my capital, even more if I did not sell it fast.
the conclusion is do not rush in making decisions you should be more patient, because predictions will never always be right.

Qartersa

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Quote from: Sasuke102001 on November 18, 2017, 01:21:20 PM

I don't have a personal experience in losing in trading but one of my friends lost a good amount of money in trading it was during the period when bitcoin prices went down near 5000$ or so and he panicked and sold a good chunk of his bitcoin for too less he lost nearly a 100 bucks for that silly mistake and he still regrets it till this date.

To put emphasis on your statements, it is best to not panic sell when Bitcoin price is faltering because you ought to know that there is no other way to go but up. You just have to put premium on holding whilst believing that your investment will grow sooner or later; as it goes, the day that your investment will grow is certain to come, just that we do not know when that exact day would be.

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