Topic: Mistakes in trading that lead to loss of money - page 26. (Read 16945 times)
For you to succeed in life, you must incurred some losses. Trading currency is a game of experts, professionals and thinkers. Professionals trader, trade with losses in mind know will that losses is the beauty of trade because the learned more in losses than in profits, so the professional learn from they losses and expanding their knowledge in trading and used what their have learned to make more profit in future or avoid bad trade. So my advice to every trade is- get used to losses and you will become a successful trader, for success laid at the other side of success.
I think i dont experience worst in trading but i lose when i invest in new releases altcoin after their ico i made a good profit in the first with a small amount i made 120% of profit but the problem because of greediness i buy again this altcoin and set a margin again but the result lose it all i though that i can make more profit..
From my experience very simple to say, bad judgement. At the beginning I didn't have enough knowledge and experinece, haven't made enough analysis and haven't monitored tendencies very carefuly. I thought trading is easy (big, big mistake) and cost me the significant amount of coins. But I have learned my lesson for the future.
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:
What I meant to say essentially boils down to investing (or trading, for that matter) in assets which price cannot allegedly hit the floor. I agree that Bitcoin doesn't quite cut it yet and can be only marginally considered as such an asset, but it is still by far better in this respect than futures and options that have a predetermined expiry date or some trash bonds...
So, the "strategy" of waiting out is fully applicable to it
My biggest mistake involved opening a position to hedge a second position, however I ended up purchasing 10x the amount I wanted to because of an extra 0 in my order.
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
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, provided you don't trade on margin. But failing to quickly close a losing position in a highly leveraged derivatives markets (such as futures and options markets) as well as currency markets may cost you dearly and get your account wiped in less than no time...
In other words, a little bit can go a long way, especially if it goes down
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
Often my mistakes in trading that lead me to lost money is that either I waited too long or got impatient and sold all the coins. This is common mistakes of many traders that have no clue what will happen next. Even with research, it won't answer our queries on whether the price will increase or not unless we known someone from the team of the coin or the pump team.
That was the most mistakes because we don't longer know if it have a possibility to pump, waiting for about 4 months enough is long so the tendency is too sell that coins because of not active .Two posibility may happen Dump that altcoin going back to 1satoshi or pump but it takes more time.I experienced it on StressCoin before i bought at 2-3 satoshi of 5m pieces and i was able to sold it on june .remembering its almost two 3 months of its inactive so i sold at low price and unexpectedly it pumps up to 700sats way back .Its a big mistake for me i am rich now if i dont sell at low price .who knows that a coin starts with 1sats pump like that but waited for too long.
Early on when I first came into bitcoin I had a few XAI coins (Sapience) and they were doing quite well and then in total I had 1.7 BTC, me being new to the game just believed that it would continue to go up and up so I left it and then came back a day later and it was dumped hard.
i think this hope and perhaps a bit of greed can lead to silly mistakes in trading and also gambling.
i think this hope and perhaps a bit of greed can lead to silly mistakes in trading and also gambling.
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.
I am do mistake in trading that is input wrong price but luckily I'm not making a buy order in large quantities, and often I made the mistake of listening people say about coin who will get pump but wrong and sometimes did not have more patient to wait to sell my coin in high prices
Often my mistakes in trading that lead me to lost money is that either I waited too long or got impatient and sold all the coins. This is common mistakes of many traders that have no clue what will happen next. Even with research, it won't answer our queries on whether the price will increase or not unless we known someone from the team of the coin or the pump team.
i think that my worst mistake was to panic sell at a certain point. i should have kept holding till the price recovered, but it was an impulsive move since the market was going down in a rapid phase. at least i learned from it. i know that patience always pays off.
The two main mistakes - buy too late and sale too early. First mistake - buy too late is more common. And also sometimes you can choose not right one crypto or fiat currency and time for the trade. 
always leave my buy order , but get sleepy and then wake up with coin that already get dumped , i get that experience so many times and now i always cancel my buy order if feel sleepy
Its okay to leave a buy order as i do it yeah sometimes i always bought a higher one that is over to my buy order but it is okay cause i bought at low amount . Some of the coins dump so much but im not worried to it because i choose great coins especially good coins for long term and have a short trades 
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 have lost my 0.005btc in my blockhain wallet because i had started bitcoin after one year . but my email was not accessible because i was not able to receive otp at my mobile ( i contact google and also my customer care of service provider but everyone saif it is program fault not our fault ). I think it will be the best to share your story so that we can avoid your past mistakes.
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.
Not that much loss but the main thing is so much expectations for the profit that I will take.
When there is a sudden price increase happening, even I already reached a good and decent profit still Im not getting out because I want to maximize the profit. Then the price will slowly increase but still because that is slow, I think it will bounce back in a few hours. But that isn't the common case that happens resulting for a lesser profit.
Greed is really not good.
always leave my buy order , but get sleepy and then wake up with coin that already get dumped , i get that experience so many times and now i always cancel my buy order if feel sleepy
My biggest mistake was that I at the beginning of my time here in the crypto world thought I could easily make profits whilst trading in altcoins.
After realizing that the entire altcoin market is one big joke with all the fake devs that bought their coins for a few bits, I completely left the altcoin scene. Best decision ever.
After realizing that the entire altcoin market is one big joke with all the fake devs that bought their coins for a few bits, I completely left the altcoin scene. Best decision ever.
Interesting, so you stick with the bitcoin? Is altcoin really bad for your investment? I want to hear more about this
The main thing about altcoins is that the far majority (+95%), are nothing more than copied clone coins doing absolutely nothing interesting.
The "devs" behind these coins make empty promises to make rookies buy into their coins, so they will be bag hodlers if their "project" runs out of steam.
The result will be that a lot innocent people end up losing money while they thought it had real potential.
Yes, I know in potential there is a lot money to be made with altcoins, but I don't want to support fake devs launching copy coins just to dump their pre-instamined crap on me and other people.
I had an experience of buying an alt coin on a small bump. Buying at the starting of bump will get you some definite profits whereas if you got stuck at the end of bump, only God may save you. I hate altcoin trading for this reason. We do not know when we may get stuck in middle of their bump and dump.
Yes, it happens. Trading non-reputed altcoins might result in losses most of the times. I too had similar experience many times, now I'm trading only established altcoins and bitcoin against fiats. In my opinion trading bitcoin is more than enough as it always gives more fluctuations to book profits time to time. Jump to: