Topic: Mistakes in trading that lead to loss of money - page 22. (Read 16971 times)
i am make mistake in altcoin yesterday when i am buying a little amount of the coins, its because i am not check the bitcoin price and charts to make sure the bitcoin price is not up because once bitcoin price is up, then the altcoin is going to go down and we can not predict how far the price will go down. but i think i will saving the coins i bought and waiting for the increase in the price.
if we invest our money in strong and secure currency then i hope no one will be loss their money in trade and i think bitcoin is much more good for trade because bitcoin is very stronger and secure currency and there is maximum people investing their money in huge amount in bitcoin .
My mistakes in trading that leads me to loss of money is that
wrong decision making. In terms of buying coins which already
at a higher price. Were rules is buy coins which is a cheap price.
It is a very common mistake but it could be rectified when you are ready to hold for some long times. There were non-reversible mistakes, like trading with higher leverages and getting stoploss triggered due to insufficient balances. wrong decision making. In terms of buying coins which already
at a higher price. Were rules is buy coins which is a cheap price.
Bitcoin trading has very fundamental advantage with its long-term price appreciation, by considering these the risk levels with bitcoin trading is almost zero.
My mistakes in trading that leads me to loss of money is that
wrong decision making. In terms of buying coins which already
at a higher price. Were rules is buy coins which is a cheap price.
wrong decision making. In terms of buying coins which already
at a higher price. Were rules is buy coins which is a cheap price.
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.
Emotion and greed is my no 1 enemy. I already made profit and I want more so I take all the loss when I put all my altcoin in the same crypto without knowing it has already reach its peak. I think it will be the best to share your story so that we can avoid your past mistakes.
Chasing the bull, a lot of people lost a lot of money with ZCash's launch
Thinking of the above, I think its also important to look at the coin supply. If supply is going to increase in the future for example by increasing the block rewards (Zcash) or by a high interest rate, then, as long as demand stays the same, the price will drop. Its findamental economics I know, but people don't take it into account.
Chasing the bull, a lot of people lost a lot of money with ZCash's launch
sometimes i do some mistake in take fast decision about to hold the coin or i sell that coin
I did that with CJ coins, I bought them really cheap and sold also on nice price but the price later went way higher and hence I missed a earning opportunity. Anyways I have a lot of coins in my hand yet and Iwill try to sell them at the best price possible for them.
Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.
It is very normal to panic when the price gets down, because we don't know much about the coin. We just bought it from ICO and then we are waiting for the price to rise, while we are supporting the coin .. we cannot really risk all the money by not selling when we see the price dropping. 
One of my mistakes before as a newbie as far I can remember is listening to suggestions on troll box. I bought the coins suggested not knowing that is already dumping. I lost more than 90% of the value of the coin. After waiting for several weeks for the price to increased,nothing happens. I sold the coins on big losses. It is a lesson I can not forget in trading.
One mistake that I had was when I listened to the people around me. I asked for advice and opinion, I didn't trust myself. I told myself that the people in trading sites are much more experienced than me and I should trust their skills. These people are not trustworthy and they are just promoting the coin that they invested into. You should also be aware of the fact that you can't always do short trading. It's mostly long trading that happens.
As Mark Twain conveniently put it, believe nothing of what you hear and only half of what you see, and you will be right most of the time. In modern times, though, now that there's Photoshop and Hollywood seeing no longer means believing, either. Many distinguished traders confessed later that they had paid too much attention to what other people around them said and that cost them heaps of money, lost or not earned...
We all make mistakes, the key is accepting them and learning from them
One mistake that I had was when I listened to the people around me. I asked for advice and opinion, I didn't trust myself. I told myself that the people in trading sites are much more experienced than me and I should trust their skills. These people are not trustworthy and they are just promoting the coin that they invested into. You should also be aware of the fact that you can't always do short trading. It's mostly long trading that happens.
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 mistakes on trading is my temper or patience because this thing really makes my decisions not right and i cant do the right things when im trading, especially when price move too slow ,i cant really wait for the price increase thats why i sell them off early and some trades i buy at the peak price but unluckily the price rose down, instead of waiting for the price increase again i just sold my coins on a cheaper price which really makes negative profits. I think it will be the best to share your story so that we can avoid your past mistakes.
If you buy all in and then the price keeps dropping, you will lose a lot of money. I buy in stages so I'm not all in at one time. Same idea for selling because if the price keeps rising, you want to be able to keep selling.
What I do is, I buy altcoins for around 25% of value that I want to risk with that coin, then I wait for the price to rise, if it rises i sell 50% of coins and than wait. If price gets even higher I sell all, if it gets low then I buy 50% more and so on, this way I hardly get any loss.What 25% do you mean? It is the price breakdown? Well if you really mean that i can say you can earn for that since 25% is huge and it will merely followed by a pump if you trade those high potential coins and big coins, and also don't just directly buy if the coin is on that stage just better do some research so you will not fall those scam coins who's starting to die and will not recover.
If you buy all in and then the price keeps dropping, you will lose a lot of money. I buy in stages so I'm not all in at one time. Same idea for selling because if the price keeps rising, you want to be able to keep selling.
What I do is, I buy altcoins for around 25% of value that I want to risk with that coin, then I wait for the price to rise, if it rises i sell 50% of coins and than wait. If price gets even higher I sell all, if it gets low then I buy 50% more and so on, this way I hardly get any loss. 
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 it will be the best to share your story so that we can avoid your past mistakes.
One common mistakes that people make when trading is investing or buying a coin that is few days/week old.
Investing in something that is brand new is very risky because the price of these coins ends at 1 satoshi.
Another mistake which I consider is very important is using bots without knowing how to use it.
sometimes i do some mistake in take fast decision about to hold the coin or i sell that coin
It is advisable you should stop making that mistake by been current on what could possibly have positive or negative impact on the price of the coin and concisely monitoring market trend. With that, you may never make any mistake again. Basically we should not trade on hurry. Decisions while trading always should be taken after double conformations. Though I agree with you but still I have faced a lot of loss in my trading history due to being to stubborn and not selling the coins at the right time. I had time where the price was going down but I did not sell so that I can sell at a higher value. So better to sell the coins when its dropping since it might be the dump stage.
All I can advised is, do not feel inlove with your coins.
It happened to me several times,since I like the coin,I am reluctant to sell it. What happens next was a very low price value since it continue to dump. I did not sell until was delisted. 
panic sell/buys is the most commnon mistake by far
emotional trading always lead to troubles,hence inability to hedge loss and sell short (hey I can't accept this small loss I'd rather sit in it untill I get profit=more and more loss)
majority treats trading as a short distance track as opposed to a marathon,if you speak in track-and-field terms
you cannot always win or always lose,unless you are totally incompetent or IQ <50 it is the ability to maximize your wins and minimise loss that is the mark of a good trader
another big mistake is technical errors or thumbles due to loss of concentration,when you enter extra 0 or choose the wrong pair etc.
you would be surprised at how much money is lost this way,I bet this sort of mistakes happened to you at some point of your trading career too
emotional trading always lead to troubles,hence inability to hedge loss and sell short (hey I can't accept this small loss I'd rather sit in it untill I get profit=more and more loss)
majority treats trading as a short distance track as opposed to a marathon,if you speak in track-and-field terms
you cannot always win or always lose,unless you are totally incompetent or IQ <50 it is the ability to maximize your wins and minimise loss that is the mark of a good trader
another big mistake is technical errors or thumbles due to loss of concentration,when you enter extra 0 or choose the wrong pair etc.
you would be surprised at how much money is lost this way,I bet this sort of mistakes happened to you at some point of your trading career too
Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.
I just got a little from a lot of my experience in trading some people are not be patiently about waiting for the price are get pumped and that's why that's the general reason a lot of the people are will get a lot of loss, this so simple but contain a lot of knives will be attacking for themselves.while trading you should plan ahead not when things happen.
this means that you should have this thing called stop loss in your mind that you sell when that limit is reached without any hesitation. i have also lost money because of being stubborn and not selling but now i sell no matter what happens next if my target is reached.
a small loss is a lot better than a big loss.
What you said is the main key point of trading secret, one is not to panic in trading while buying and selling and another is play with stop loss so that even loss should be controlled.
Jump to: