- the biggest one is listening to bag-holders who are trying to get rid of their own bags. this is the worst because you buy into an illusion (bubble) and get dumped on so you lose a lot of money because the price will decline big time
- another big mistake is fear. fear of missing out or fear of losing. this is the reason why we see lots of panic buy/sells
- another thing that i can think of is waiting around for too long. price never waits for us to make a decision slowly it goes up just as fast as it falls with pumps/dumps
Topic: Mistakes in trading that lead to loss of money - page 28. (Read 16959 times)
there are too many mistakes to count, many are mistakes that i have made and many are those that i have seen other make:
My mistake in trading is less patience that lead to errors in decision making. I also often less scrupulous when it started trading. Very difficult to succeed in trading, and therefore need a strategy and learning to get to know and understand the trade.
i rushed into buying an altcoin and lost 0.4 in hours lol
My mistake in trading is less patience that lead to errors in decision making. I also often less scrupulous when it started trading. Very difficult to succeed in trading, and therefore need a strategy and learning to get to know and understand the trade.
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 worst mistake just following the people is dumping the coin(panic selling), if the coin is getting a big decreased situation. and I lost a lot of my money... and till this time I never following the another be a panic sell. and just stay and enjoying my trading journey and I never worried about every condition.I think it will be the best to share your story so that we can avoid your past mistakes.
if you mistake trading in stake
you can hold your coin until price up again until price can take profit
or you can averaging or martiangle strategy use trading can take profit or reduce lost
you can hold your coin until price up again until price can take profit
or you can averaging or martiangle strategy use trading can take profit or reduce lost
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.
the worst mistake in trading is panic buy or panic sale, when you already panic you wont be able to think clearly and without you realize you are going to lose a lot of money, the second mistake is impatience, in trading some of the coins you bought cant directly up, sometimes people are impatience and sell all the coins eventhough the price is low because they dont want to wait anymore
With tiny trades back and forth on the same exchange, do not let fees kill you. A lot of people think that keeping their trades small that they are spreading out their risk between the trades. the only issues is that each trade has its fee and if you have only made a small amount in the trade, you may either lose money or break even. Just like trading stocks on the internet you can get killed this way on small things. $5.95 per trade is pretty big for the penny stock trader on e-trade or wherever, lol.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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 make mistake in quickly selling altcoin because in just less than 5 minutes, the price is going to the moon and if i am not selling my altcoin stock, i can reach 300% profit for just one night but i never regret it and i think my profit is just on the low rate. for tomorrow, i hope i can be patient for a while and not panic to selling my altcoin.
i've done pretty much done every mistake out there and i'm sure i'll do more. i've gotten bored with alts and sold them before they exploded. I bought in at the peaks of the biggest hypes ever. i've become emotionally attached to totally worthless coins.
the only things I haven't done yet are declare yet another bitcoin killer, 'this time it's different', new paradigm and all the other tired phrases.
the only things I haven't done yet are declare yet another bitcoin killer, 'this time it's different', new paradigm and all the other tired phrases.
One of my few mistakes in trading which i will always remember is buying many alts in peak values expecting them to pump more after seeing them pumping in last 24 hour with almost +100% gain price. Never buy any altcoin at those peak price is the biggest lesson in my altcoin trading career.
My main problem so far was greed . In some cases ( like NAUT ) i trippled my money and yet didn't sell untill small profit . So far i'm doing great , have trippled my bankroll in some months . If i can solve the greed problem though my graph will skyrocket .
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.
I've also lost by not doing proper research before invest, although very small sum.
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.
Jump to: