Now I try to trade with 5% profit and this works well at the moment. Sometimes I sell to fast and the profit is very slow but no one knows the best point to sell the altcoins. I'm learning from day to day
Topic: Mistakes in trading that lead to loss of money - page 17. (Read 16971 times)
Im using coindata.io for trading since a while and my biggest mistake is to find the right point to sell.
Now I try to trade with 5% profit and this works well at the moment. Sometimes I sell to fast and the profit is very slow but no one knows the best point to sell the altcoins. I'm learning from day to day
Now I try to trade with 5% profit and this works well at the moment. Sometimes I sell to fast and the profit is very slow but no one knows the best point to sell the altcoins. I'm learning from day to day
If your mistakes will continue you will really lose your money so to avoid it, you need to practice first. It is very natural that sometimes failure comes to us but we are capable to be successful in the end. Trading is not a game because there is involve of money.
That's not good anymore, doing the same mistake all the time is not being wise but foolishness, in that sense you have to accept that trading is not for you and there could be something else that could make you attain your goal. Making mistakes is normal as every success comes from mistakes and we have corrected it until we succeed. 
If your mistakes will continue you will really lose your money so to avoid it, you need to practice first. It is very natural that sometimes failure comes to us but we are capable to be successful in the end. Trading is not a game because there is involve of money.
the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.
In bitcoin investment that is good to wait for good time but if the fall of price occur in altcoin then do not think that it will again come back to higher price but sell immediately because when an altcoin start to go down it continue to go down till 1 satoshi and at that stage the developers escape away.
My mistakes is my emotion and sometimes panic selling because of afraid to loss my profits .nowadays many scam coins going back to 1sats that is what i am afraid for .i think i've bought a wrong altcoins on that situations.
Me too, thats my problem im always on panic when monitoring my coins, i thought its the right time to sell but its not. i guess im not really good enough to trade.As long as you have backup fund, i mean you should not spend all the money in one transaction.
Spread it to two or three times transaction so when you realize you have wrong in buy/sell you can still recover it with this backup fund.
My mistakes is my emotion and sometimes panic selling because of afraid to loss my profits .nowadays many scam coins going back to 1sats that is what i am afraid for .i think i've bought a wrong altcoins on that situations.
Me too, thats my problem im always on panic when monitoring my coins, i thought its the right time to sell but its not. i guess im not really good enough to trade.My mistakes is my emotion and sometimes panic selling because of afraid to loss my profits .nowadays many scam coins going back to 1sats that is what i am afraid for .i think i've bought a wrong altcoins on that situations.
Me too, thats my problem im always on panic when monitoring my coins, i thought its the right time to sell but its not. i guess im not really good enough to trade.
the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.
In bitcoin investment that is good to wait for good time but if the fall of price occur in altcoin then do not think that it will again come back to higher price but sell immediately because when an altcoin start to go down it continue to go down till 1 satoshi and at that stage the developers escape away.the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.
In bitcoin investment that is good to wait for good time but if the fall of price occur in altcoin then do not think that it will again come back to higher price but sell immediately because when an altcoin start to go down it continue to go down till 1 satoshi and at that stage the developers escape away. 
but after halving we can see that now people have become mature and if the the price even start falling they do not sell their bitcoin in panic and try to hold which really give good support to the market
From where do you get the impression that people have become more mature when it comes to not selling their coins in panic? Did you forget about the PBOC notification that made people go nuts, where the price dropped from +$1100 to just over $750? And that while it was fantastic news. Imagine how the reaction would be when there was news that people actually should worry about. Look at the impact of PBOC on Chinese exchanges when it comes to their volumes. It was obvious that a very large portion of their volumes were fake, but seeing where their current volumes stand at, it's even more shocking. If these turn out to be their real volumes, then it's just peanuts. And btw... Most of the support is just put up by bots to make it look like certain price levels are being supported. In most cases, as soon as the price comes close to these "support" orders, bots will immediately pull them back
I guess you got it wrong
Bots can't cancel their buy orders if someone has already put a massive selling order at a market or lower price unless these bots are run by the exchange itself which can indeed pull them back before filling them. But I still think that it would be illegal even for the Chinese exchanges. In any case, true buy walls would support the price for real unlike "fake" ones. They would only raise the wave of panic selling to a higher level when the traders come to see that there is no real support
the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.
we do have this common mistakes as we is not aware how bitcoin works and how alt coin followed, i remember when I'm just trading inside yobit and I don't know why coins is pumping so I guess riding with the pumped will allow me earn something but suddenly after i bought the coin price start to dumped and to my surprise i also dumped my coin and became a victim of pnd group from yobit hahaha. but to be serious just remember to review first the coin and never sell your coin when you are still at a big loses or try to aimed to be always earned even it will take some time. 
the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.
Same mistake i made in the beginning of my trading career. I used to get panic seeing price down and the fear of loss make me sell early and sometimes even in loss. As time passed, i realized that fear is the hurdle in trading and once overcome that we can make much greater profits in trading.
My mistakes is my emotion and sometimes panic selling because of afraid to loss my profits .nowadays many scam coins going back to 1sats that is what i am afraid for .i think i've bought a wrong altcoins on that situations.
Me too, thats my problem im always on panic when monitoring my coins, i thought its the right time to sell but its not. i guess im not really good enough to trade. 
Simply and most of the mistakes was panic selling and panic buying when i saw some big dumps in a price or big pump in a price i will buy or sell which is too wrong as i realize .Listening also to the Chatbox/Troll Box to buy that coin or to sell now is a bad thing to do .Make your own decision when to buy or sell is a better move.
Listening on Chatbox/Troll box is really a big NO since i do listen to those guys in the past when i was a newbie but later on i realized that they are just saying fud into their own coin and saying false news on dumps and pumps thats why i dont visit too much or read on those trollboxes anymore.It is necessary to collect information to at least choose the right cryptocurrency, because that's how it becomes possible to stay away from easily manipulated markets.
the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.
but after halving we can see that now people have become mature and if the the price even start falling they do not sell their bitcoin in panic and try to hold which really give good support to the market
From where do you get the impression that people have become more mature when it comes to not selling their coins in panic? Did you forget about the PBOC notification that made people go nuts, where the price dropped from +$1100 to just over $750? And that while it was fantastic news. Imagine how the reaction would be when there was news that people actually should worry about. Look at the impact of PBOC on Chinese exchanges when it comes to their volumes. It was obvious that a very large portion of their volumes were fake, but seeing where their current volumes stand at, it's even more shocking. If these turn out to be their real volumes, then it's just peanuts. And btw... Most of the support is just put up by bots to make it look like certain price levels are being supported. In most cases, as soon as the price comes close to these "support" orders, bots will immediately pull them back.
Simply and most of the mistakes was panic selling and panic buying when i saw some big dumps in a price or big pump in a price i will buy or sell which is too wrong as i realize .Listening also to the Chatbox/Troll Box to buy that coin or to sell now is a bad thing to do .Make your own decision when to buy or sell is a better move.
Exactly!! This was happened when the price increased and reached $1100 everyone panic of the too much price increased so what happened was big crashed of value, but me I preferred to hold it even though many were just giving me an advice to sell it while it is in high price.Simply and most of the mistakes was panic selling and panic buying when i saw some big dumps in a price or big pump in a price i will buy or sell which is too wrong as i realize .Listening also to the Chatbox/Troll Box to buy that coin or to sell now is a bad thing to do .Make your own decision when to buy or sell is a better move.
Listening on Chatbox/Troll box is really a big NO since i do listen to those guys in the past when i was a newbie but later on i realized that they are just saying fud into their own coin and saying false news on dumps and pumps thats why i dont visit too much or read on those trollboxes anymore.I have observed that too, actually I totally shutdown trollbox together with yobit and looked for another trading platform. There are lots of coins that were traded in there but you cannot deposit nor withdraw. They shut off some of their coins from the outside and creating a close ecosystem of the coin within their exchange making people especially newbie believe that the coin is actually trading which I think is cheating. And yes if you ever listen to the trollbox make sure that you will use the information and market observation to your advantage. Often than not, trollbox always say the opposite.
Simply and most of the mistakes was panic selling and panic buying when i saw some big dumps in a price or big pump in a price i will buy or sell which is too wrong as i realize .Listening also to the Chatbox/Troll Box to buy that coin or to sell now is a bad thing to do .Make your own decision when to buy or sell is a better move.
Exactly!! This was happened when the price increased and reached $1100 everyone panic of the too much price increased so what happened was big crashed of value, but me I preferred to hold it even though many were just giving me an advice to sell it while it is in high price.Almost similar happens with me, But then what happened before was my mistake, I sell my coins in low price and I saw the price is still moving high, but then my mistake was made already, so I learned.
Important thing is you learn from mistakes.
Simply and most of the mistakes was panic selling and panic buying when i saw some big dumps in a price or big pump in a price i will buy or sell which is too wrong as i realize .Listening also to the Chatbox/Troll Box to buy that coin or to sell now is a bad thing to do .Make your own decision when to buy or sell is a better move.
Exactly!! This was happened when the price increased and reached $1100 everyone panic of the too much price increased so what happened was big crashed of value, but me I preferred to hold it even though many were just giving me an advice to sell it while it is in high price. Jump to: