Mistakes in trading that lead to loss of money - page 25.

tee-rex

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Quote from: Fatanut on October 08, 2016, 10:59:56 PM

I am sure that a lot of traders have experienced this before but it doesn't happen frequently. The buy orders and the sell orders are written in the format of 0.00000x. It's no wonder why we accidentally remove a zero and end up selling or buying 10x than we actually wanted. This only happens to those that have enough balance in they account, though.

10x than what you wanted is a really huge difference. If the market goes down, imagine how much money you would lose. Also, if you sell it right away, with just the transaction fees, you lost some money already.

Methinks, you are confusing something here. Since almost all coins cost less than 1 Bitcoin per coin, and most of them cost substantially less than that (for example, 1 Bitcoin is worth around 2703000 Doges right now), you will almost always be buying hundreds or thousands of such coins. It seems that you refer to the price which is in the format of 0.00000x, but in this case even if you remove zeros, you will still buy or sell at the current market price.

icecube45

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Quote from: Dassi on October 09, 2016, 12:32:49 AM

I have not started trading, still testing the waters. I'm thinking of doing some margin trading but still waiting for the green light, the alts have been fairly stable of recent.

Yes your steps very precisely. You have to wait for the right time to start a trade order not to experience losses. Continue to concentrate on trade because if you make a mistake and the wrong strategy will be a loss.

Dassi

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I have not started trading, still testing the waters. I'm thinking of doing some margin trading but still waiting for the green light, the alts have been fairly stable of recent.

Fatanut

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I am sure that a lot of traders have experienced this before but it doesn't happen frequently. The buy orders and the sell orders are written in the format of 0.00000x. It's no wonder why we accidentally remove a zero and end up selling or buying 10x than we actually wanted. This only happens to those that have enough balance in they account, though.

10x than what you wanted is a really huge difference. If the market goes down, imagine how much money you would lose. Also, if you sell it right away, with just the transaction fees, you lost some money already.

ArdiPrabowo

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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.

if you mistake and wrong prediction about price in trading
you can use martiangle stratagy, or you savety you can use averaging strategy
and you can calcualte in price to BEP or take profit, this automatic calulate you can use indicator

wintermeasures

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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 Main Mistake I Made In Trading When I Was a Newbie That I Bought Some Altcoins Without Having Knowledge About the Altcoins And Then The Next Day The Altcoins Dropped And I Made a Big Loss.....
This Was My Only Mistake In Trading But After That Mistake I Do Trading Carefully And Making Profits......

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Quote from: Viyamore on October 08, 2016, 08:09:14 PM

Quote from: th3nolo on October 08, 2016, 03:07:58 AM

1.-Don't research about trading when I started.
2.-Don't look for values like RSI.
3.-Don't reads new about the assets i'm currently trading.
4.-Think you know everything.
5.-Coming to late in an trade.
6.-Selling too fast.

Atleast you recognize what your mistakes are ,therefore i will congratulate you why? Because you've actually learn and you identify your mistakes so i guess in the next trades you will don't do that or you will improve your knowledge on trading .

I think there's no coming late in a trade maybe you're late but the current situation is how will you adopt or find another coin rather to go on flow.

from that list, i hope i can learn from my mistakes and fix my mistakes so my mistakes will reduce for future and i can learn again about trading. for the mistakes i've made, i think its a worth lesson for me so i won't do it the same thing in the future.

Viyamore

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Quote from: th3nolo on October 08, 2016, 03:07:58 AM

1.-Don't research about trading when I started.
2.-Don't look for values like RSI.
3.-Don't reads new about the assets i'm currently trading.
4.-Think you know everything.
5.-Coming to late in an trade.
6.-Selling too fast.

Atleast you recognize what your mistakes are ,therefore i will congratulate you why? Because you've actually learn and you identify your mistakes so i guess in the next trades you will don't do that or you will improve your knowledge on trading .

I think there's no coming late in a trade maybe you're late but the current situation is how will you adopt or find another coin rather to go on flow.

capoeira

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Quote from: deisik on October 07, 2016, 12:46:47 PM

Quote from: capoeira on October 07, 2016, 09:48:18 AM

Quote from: deisik on October 07, 2016, 06:04:31 AM

Quote from: capoeira on October 07, 2016, 05:32:42 AM

most common mistake is to not go out of a losing position and hoping for it to turn in your favor, even if there is nothing that indicates it will turn

Waiting the bad prices out could potentially work out at the end of the day for bitcoin or, for example, physical gold or other assets which are known to get more expensive over time

that might be (almost) true for gold, but Bitcoin is high risk in long term.
I highly doubt that anyone who bought at $1200 in 11/2013 still has the coins (to make the most extreme example). and even if you bought at $1200 and it realy will have a new ATH, you still had your money frozen for years = unusable

In fact, gold is as risky an investment as any other commodity investment out there (other precious metals, before all). It seems that we are still below the inflation-adjusted ATH of the early 1980s:

intresting. If you don't live in the US you also have to take into account your currency against the $

Rostadom

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Most of the newbies out there have the same mistakes. One of those common mistakes is thinking that short trading is always possible. Maybe a newbie experienced once that he bought a coin and then after a couple of minutes, the price of that coin has pumped and so he gained some profits. Just because it happened once, doesn't mean that it will happen very often.

Newbies tend to be very impatient when starting out in trading. They think that after a couple of minutes or hours, the price of an altcoin will pump. In reality, the price of an altcoin can become stable and wait for days before it pumps. Some coins even if they don't have a 1 satoshi price can be dead in no time. Those coins don't have any seller or buyer that's why it doesn't move anymore. It can be considered as a dead coin too.

n691309

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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.

One of the common mistake that I made in the past is by putting buy order when the price of that coin is unstable and I went to bed and when I woke up next day the price got dumped and I had no choice rather than selling and take a good lesson.

th3nolo

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1.-Don't research about trading when I started.
2.-Don't look for values like RSI.
3.-Don't reads new about the assets i'm currently trading.
4.-Think you know everything.
5.-Coming to late in an trade.
6.-Selling too fast.

ipanks

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Quote from: mace15 on October 08, 2016, 02:28:12 AM

My big mistakes in trading that lead to loss of money
is that wrong decision to sell coins. When I bought
the coins at a higher price and selling it at the lower
price. Bad strategy, wrong decision making that leads
me of loss of money in trading.

me too, i have this situations and have experience. i make cut loss my altcoin because i think the price is not going up, but after i see in about 2 hours, i realize that the price is going up by slowly, from that i am regret it that i sell it too fast so i can not make profit.

mace15

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My big mistakes in trading that lead to loss of money
is that wrong decision to sell coins. When I bought
the coins at a higher price and selling it at the lower
price. Bad strategy, wrong decision making that leads
me of loss of money in trading.

pooya87

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the most common mistake in trading is listening to FUDsters and shills. and their numbers are big, and they are everywhere.

if you look at the history of these people you can always figure it out easily about the real reason behind their comments.

mindrust

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The most common mistake is panic buying/selling. If its too late to buy/sell, leave as it is.I am not saying putting stop losses is a bad idea. It is not. But if you don't have one, and you stucked on the opposite side of the trade you have nothing to do. That's why you shouldn't have put more than you could afford to lose in your trades.

I did so many of those panic sells/buys in the past and i consider my loses as a payoff for my trading education.

Bitcoinsummoner

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Maintain Social Distance, Stay safe.

Quote from: nejibens on October 07, 2016, 01:56:02 PM

Trading without any experience and enough knowledge is a big mistake, and another mistake is trading the shitty new coins which haven't any potential.

Your right this is one of the big mistakes if you in trading better to start small amount just like other traders where they are starting.. before you can invest a high large amount to increase your profit everytime the price is increase..

StarofBTC

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Quote from: nejibens on October 07, 2016, 01:56:02 PM

Trading without any experience and enough knowledge is a big mistake, and another mistake is trading the shitty new coins which haven't any potential.

When you are having enough experience, you will not choose new coins for your trades.

Experience is always a handy even for trading too. Due to lack of experience, almost every gambler would have learned some lessons in their beginning days and I am also one of them. Still, I feel it like the price I have paid for the lesson, I learned my that mistake.

nejibens

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Trading without any experience and enough knowledge is a big mistake, and another mistake is trading the shitty new coins which haven't any potential.

Hellacopter

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I think the biggest mistake is just trading without enough experience and knowledge about this domain, so usually the trader this way choose the worst altcoins and the result is losing his money of course.

Topic: Mistakes in trading that lead to loss of money - page 25. (Read 16959 times)