Mistakes in trading that lead to loss of money - page 11.

Proximity Scan

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Quote from: Sasuke102001 on November 18, 2017, 12:21:20 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.

Panic selling is the worst thing you can ever do in the trading. The price go downs, and then you panic and sell all of your assets. And the price makes another correction to rise more stronger. You just look at it from behind it. That's why you need to control your emotions.

Sasuke102001

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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.

Carmen_Sandiego

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Quote from: pkstevenz on November 17, 2017, 05:37:15 AM

I just got burnt with bitcoin cash, entered late and lost over $1000 but I've learnt my lesson and I'm hoping to be wiser in future

I guess you are not the only one. Given the insane trading volume in the last week, I think a lot of people got burnt.

PORN_coin

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as a rule, beginners in trading make one very common mistake, namely they buy a coin in the process of growth or some other position in other words
and they hope to realize it in the short term while using most of the total volume that they have
in the end, when there is a decline
give in to the woof and sell everything at a loss-making rate

robertdhags

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Quote from: carlisle1 on November 17, 2017, 06:31:46 AM

Quote from: pedrog on October 04, 2016, 11:34:49 AM

I've lost a good sum with panic selling and panic buying, really newbie mistakes, and looking back I actually did good choices when selling...

I've also lost by not doing proper research before invest, although very small sum.

sad to hear that mate,thats the weakest part of every users that lead them to loss,panic when the coins is fast growing.then suddenly fast dropping too.but if we can fight our eagerness and continue stay calm.we will not loss and we will do the necessary measures for trading success.that made trader mature and secure

being learned on how you must hold and handle with that such of situation will help you to gain more profit , for having some loss it is hard to avoid but you can control your emotion on that such of situation if you are learned on it so better to have some knowledge before you face it. And stay calm also.

Webetcoins

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Quote from: pkstevenz on November 17, 2017, 05:37:15 AM

I just got burnt with bitcoin cash, entered late and lost over $1000 but I've learnt my lesson and I'm hoping to be wiser in future

It is the mistake because it is not good to be in the hurry and to have the less profit but it is good to have the patience and to have the high profit, I am now investing In the bitcoin and I am sure the it will give you the best return, the mistake of the people that I have seen is that now people invest in the bitcoin and then they lose the patience so it is not good because now almost all the people are trying to increase the profit in the bitcoin but it needs practice and the experience.

Rlyn

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Losing patience, not paying attention to trends, lack of analytical techniques and yes i believe panic selling are some of the mistakes that lead to loss of money in trading.

rfouziha

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When ever I fail to book the profit in the expectation of more profit that time I use to loose. By that mistake I several time I lost my money. It is not avoidable in trading as you predict something very seriously which not work will be considered as bad luck not exactly mistake this is my opinion.

Aaroenz0r

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Sometimes, I lose my money because of greed. I usually set the percent interest in trading. But I am sometimes too greedy to hold.

malikusama

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Quote from: Wandering Soul~ on October 04, 2016, 11:26:28 AM

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.

What i have observed, the only big mistake in trading is panic selling, i have also done this mistake in the beginning of my trading career as all others. However there also other mistakes like not being up to date with the market value of the coin or not being attentive during trading, but the the big one which leads to a major loss in trading is panic selling nothing else.

janelleshepard

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I think it's all about losing your tempeture will lead to the bad decision . So the secret is right infront of your eye, it's patience.

carlisle1

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Quote from: pedrog on October 04, 2016, 11:34:49 AM

I've lost a good sum with panic selling and panic buying, really newbie mistakes, and looking back I actually did good choices when selling...

I've also lost by not doing proper research before invest, although very small sum.

sad to hear that mate,thats the weakest part of every users that lead them to loss,panic when the coins is fast growing.then suddenly fast dropping too.but if we can fight our eagerness and continue stay calm.we will not loss and we will do the necessary measures for trading success.that made trader mature and secure

eaglewhite80

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Quote from: pkstevenz on November 17, 2017, 05:37:15 AM

I just got burnt with bitcoin cash, entered late and lost over $1000 but I've learnt my lesson and I'm hoping to be wiser in future

Sorry about that mate! And the craziest thing is that a whole lot of you fell into this trap and it is just unfortunate you all had to learn your lessons the hard way. It is always a hard lesson to learn and at some point we all have to experience it and know that the worst time to enter a market is when the market is being pumped and if you enter, you should try as much as possible to set a stop loss if it is something you even want to risk at all.

pkstevenz

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I just got burnt with bitcoin cash, entered late and lost over $1000 but I've learnt my lesson and I'm hoping to be wiser in future

richcorner100

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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.

martin1221

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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.

Genemind

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Quote from: Wandering Soul~ on October 04, 2016, 11:26:28 AM

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.

The common mistake when it comes to trading I think is being impatient and panic. When the price of bitcoin, including other crypto currencies go down, people often sell at a low price because they panic. They think that it's the only chance they'll get.

Nariza

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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.

dharnamonitor

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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

bamb

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The mistake I made during winklevoss listing with SEC was not setting stop loss while I was away! I came back to my account a week later and found my account at a loss of 60%

Topic: Mistakes in trading that lead to loss of money - page 11. (Read 16959 times)