Pages:
Author

Topic: Mistakes in trading that lead to loss of money - page 3. (Read 16959 times)

member
Activity: 294
Merit: 11
Do not trade with borrowed money.
Do not enter the market never, from the fact that you just have nothing to do.
Control your emotions. Discipline and patience!
Before entering the market decide how much you are willing to lose. If not solved – don't enter, you definitely will lose everything.
full member
Activity: 504
Merit: 101
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 agree with you to a certain extent. To speak frankly, I suppose that trading require us a lot of different thing to do or face with. You have to be more patient to do good in trading. Especially, in trading experience and skill are both important. If you have two these factor, you can have opportunity to get a big profits from trading. Maybe you have to spend much of your time and money to build your own experience and your skill. Most importantly, you must learn and read a lot currently to get knowledge to analyze the market in good way. In totally, in anyway when you decide to trade you have to accept the loss.
There is no perfect in trading but one thing is for sure, it will be a big loss in your life if you have not made trading a try, so for us to be able to not to do any mistakes in our life don't do trading at all, but it will be your biggest mistake of not trying it as trading has been one way to become rich and joining campaigns are just the bonus thing.
member
Activity: 233
Merit: 10
I think the best way is learn from your mistakes, like what did you do wrong in your TA so check it and correct yourself and add a cutloss to lessen your losses in that trade.
member
Activity: 224
Merit: 11
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 agree with you to a certain extent. To speak frankly, I suppose that trading require us a lot of different thing to do or face with. You have to be more patient to do good in trading. Especially, in trading experience and skill are both important. If you have two these factor, you can have opportunity to get a big profits from trading. Maybe you have to spend much of your time and money to build your own experience and your skill. Most importantly, you must learn and read a lot currently to get knowledge to analyze the market in good way. In totally, in anyway when you decide to trade you have to accept the loss.
member
Activity: 140
Merit: 16
One experience I had one time was with very weak internet connection. It was terrible that I lost 2/3 of my portfolio that day because of slow internet. I fill in for stop loss but the stop loss failed to register because of the speed of the internet connection and I left hoping that the stop loss is in place. If you are contemplating trading after your asset the next should be a good internet source.
full member
Activity: 196
Merit: 100
I think the biggest mistake in trading would be not removing your coins at the right time. What i do is sell bitcoin at high price and buy alts and wait for them to get pumped but what most people do is they don't remove their money and be like it will increase more and more but then the time to sell runs out and we sometimes end up getting a loss
sr. member
Activity: 958
Merit: 265
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 worst mistake that i do in my trading experiences is when im getting greed when using margin trading i get a profit about x20 - x30 using margin trading on poloniex when xrp and str are in the bull run my 0.08Btc turned into 4Btc just within a few months but im so greedy that's why i margin more coins to get more profit but my mistake are i didn't close my position early so when str and xrp gets dumped i lost about 50% of my profits but it's not so bad because still i have a good profit so i learned a lesson when you're in trading don't put all of your capital into 1 - 2 coins.
member
Activity: 280
Merit: 11
That's why every beginners should learn with little investment when they are firstly starting trading because it shouldn't harm or damage your financial crises. In this way you will learn trading on your own.
hero member
Activity: 1190
Merit: 541
Yes, my story I repeat my mistake again and again because it was carried away emotionally and sell it cheaply, if I sell it now maybe I get rich. Wait for the right moment to sell and keep update news.
You know what there is a saying related to this, don’t let your emotions control you or you will be destroyed. This is not only in business things rather in family matters and every sort of decision making, if these situations are accompanied with emotions, you will never focus on your objectives. You will be ruined by temporary wishes and will lose the long lasting advantages and benefits.
full member
Activity: 378
Merit: 101
Big mistake when you become greedy to earn more. You can't lose until you sale your coin in lose. Best thing is take out your investment & play with your profit.
member
Activity: 145
Merit: 14
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.
For me the most wrong decision i've made in trading is to buy in the high value. And then later on it fall down and never recover. It leads me to loss my capital, but now Im still that coin hoping for it to regain its past price so that I could get back my loss capital.hopefully it will happen so that I could exchange it to local rate.

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.
member
Activity: 140
Merit: 15
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.
For me the most wrong decision i've made in trading is to buy in the high value. And then later on it fall down and never recover. It leads me to loss my capital, but now Im still that coin hoping for it to regain its past price so that I could get back my loss capital.hopefully it will happen so that I could exchange it to local rate.
I sell my neo at cheap and that is the mistake that i have done. It is not really a full mistake, more like a greedy move or the doubtful guy back then. I thought that was the price I am comfortable with so I withdrew then it grows more. Thinking it will go up again i bought a lot of it. Then  It goes down like hell. My heart melted but it was a good lesson to be learned.
sr. member
Activity: 882
Merit: 251
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 mistake was not to sell some of my coins when their price was so high. I was hoping the market would continue to grow.
sr. member
Activity: 490
Merit: 250
I made a lot of mistakes that made me lose a lot of money before and my common mistake was being FOMO everytime there is coin that is having a big pump I buy right a way even if its on peak because I don't want to lose that opportunity of having profit but it turns the other way round so I panic and sell my coin cheaper. I learned my lessons and did not do it again.
hero member
Activity: 952
Merit: 515
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.
We can avoid mistakes if we have good plan. Planning serves us base or guidelines for us to become successful. We can create wise decision if we have great plan. You should do a good plan before you will go in the trading world.
In addition to that, good plan starts from having enough knowledge and for us to have a knowledge we have to be at least focus here and devote ourselves in our goals in life, yes we may suffer from losing money but what matters is how we are going to go up again and make some other moves for us to become successful.
sr. member
Activity: 1036
Merit: 281
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.
We can avoid mistakes if we have good plan. Planning serves us base or guidelines for us to become successful. We can create wise decision if we have great plan. You should do a good plan before you will go in the trading world.
member
Activity: 140
Merit: 20
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.
For me the most wrong decision i've made in trading is to buy in the high value. And then later on it fall down and never recover. It leads me to loss my capital, but now Im still that coin hoping for it to regain its past price so that I could get back my loss capital.hopefully it will happen so that I could exchange it to local rate.
full member
Activity: 528
Merit: 100
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.
Do not afraid to commit mistakes because mistakes are one of the way for us to increase our knowledge. Mistakes also can be the key for us to become successful person. Committing mistakes is part of our life.
full member
Activity: 196
Merit: 100
I loss my money in trading through letting my self and emotion ruins my plan,  i lost it because of panic in selling to it, because those coin is dumping already but at the other day,  it has been pumped again, so if i were you, try not to go with your emotion. Analyze well and look well the chart.
sr. member
Activity: 2030
Merit: 323
like most of newbies
1 send coin to wrong address
2 buy high sell low

i think i`ll keep on eye on scam coins and wallet the`re scarry not to mention when stranger gives"links" this is very dangerous


Apart from these reasons, one of the most important and most common reason which makes you suffer in the world of trading is losing the control over your emotions at tough times and above especially at the time when there is panic situation around.

Other than this, having little knowledge also results in making wrong decision which then result in loss of money. You need to be extra careful while you are into trading.
Pages:
Jump to: