Mistakes in trading that lead to loss of money - page 4.

DevilSlayer

sr. member

Activity: 1470

Merit: 359

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.

Do not regret all of the mistakes that we committed because I know that we learned a lot of knowledge about the mistakes that we committed. We can use the mistakes that we committed in order to become knowledgeable trader.

raperinoa

newbie

Activity: 167

Merit: 0

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

gabmen

hero member

Activity: 1246

Merit: 529

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Quote from: KnightElite on February 04, 2018, 10:36:01 AM

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.

We should know how we will control emotions because emotions is a great factor of losing our money. We can avoid to do mistakes if we are always calm and we can control our emotions. We should always be positive when we are trading cryptocurrencies.

Calm or not, we can't avoid losing once in a while in our trades. Its sonething that can't be helped and is already a part of trading. Being steady is to have a clear mind when that loss happens so the decisions you'll make isn't based on how you're feeling after it. As a newbie its not easy and its likely that your emotions will play a big part in your trades but in time, you'll learn to control it.

zokilnmet

member

Activity: 210

Merit: 10

There are many mistakes in trading but the most important I included in this list:
1. Letting Losses Mount
2. Failure to Implement Stop-Loss Orders
3. Not Having a Trading Plan or Sticking to One
4. Averaging Down (or Up) to Redeem a Losing Position
5. Trading Too Frequently
6. Following the Herd
7. Shirking Homework
8. Trading Multiple Markets
9. Overconfidence or Hubris

KnightElite

sr. member

Activity: 924

Merit: 275

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.

We should know how we will control emotions because emotions is a great factor of losing our money. We can avoid to do mistakes if we are always calm and we can control our emotions. We should always be positive when we are trading cryptocurrencies.

LakSC

newbie

Activity: 2

Merit: 0

We learn from out mistake from past trades.Sometimes FUD also can cause of panic selling and lead for losing our money.

Viyamore

hero member

Activity: 658

Merit: 500

Quote from: btcformula on February 04, 2018, 02:51:12 AM

When I first entry BTC before BCC fork, all learning place was youtube. Some negativity make's fear I sale my all BTC . BTC go super high & also I miss my Free BCC. It's biggest & first mistake. But I must say that youtuber say sorry for that & gave advice that help us to recover loss.

Its only okay because you are in the method of learning and that meant to happen in some instances you experienced the mistakes that a trader could know and to that experienced adjustment and a lesson to the next trade that you will do.

gohan21

jr. member

Activity: 336

Merit: 1

if you're ready to hold a bitcoin or altcoin or tokens you will never lose trading and you will not lose money as long as you do not panic and always remember you need to hold to and wait for your profit to earn.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: Nasty23 on February 04, 2018, 12:35:55 AM

Quote from: jamids on February 03, 2018, 11:08:59 PM

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.

Joining some groups in telegram and blindly follow the signals they are saying. I thought I found a good group and I don't have to do an analysis because someone would do it for me and I would just follow their suggestions but it turns out they are just collaborating with other admins to dump on their members. They would schedule a time to announce a coin and when that time comes, all other members would race in buying those coins and then being dumped on. Joining pump and dump would just make you lose money. It is better to trade on your own and make your own research and analysis. Do not ask anyone about what to coin to buy because most likely they would suggest a coin they already bought so that the price would go up.

Yes it is also my mistake that I have been join in the group on which I hoping that it can help me to trade but, this group guided me to losses in order for them to gain. I strongly agree to make our own research and studies so that we can develop our skills in trading and we are not depend to the people that can be possibly manipulating the market by making a group.

That's why users are easy to panic because they follow what some users say. whereas not necessarily they say it correctly. maybe they have a covert purpose to make a dump for example. make it your reference only dude. do not make user speculation as your choice. if you do not want to lose in trading then you must be smart in research and it requires knowledge, skills, and experience.

btcformula

full member

Activity: 378

Merit: 101

When I first entry BTC before BCC fork, all learning place was youtube. Some negativity make's fear I sale my all BTC . BTC go super high & also I miss my Free BCC. It's biggest & first mistake. But I must say that youtuber say sorry for that & gave advice that help us to recover loss.

eagle10

sr. member

Activity: 840

Merit: 252

Quote from: HmmMAA on October 04, 2016, 12:56:58 PM

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 .

Haha. That's true. It happened to me. I saw my investments skyrocketed 3x to 10x oh my because of greed, I also do not sell until I settled only for 15%. Well, at least I learned a lot that greed has no place in trading.

Bosx1ne

full member

Activity: 540

Merit: 100

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.

Mistakes can sometimes improve our personality and our emotions. I committed many mistakes in the trading world, I lose some of my money because of the trading but for me it is normal. I can use the mistakes that I committed to improve my trading skills.

GrayFullbuster

full member

Activity: 658

Merit: 103

Quote from: Rebisco on February 04, 2018, 01:37:54 AM

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.

Knowledge is really important for us to avoid loss of money in trading. If we have a lot of knowledge, for sure we can do wise decision and lead us to become successful trader. We should find a way to increase our knowledge.

Yes you are correct that knowledge is very important in this cryptocurrency world, the reason why many people becoming successful is because they have enough knowledge about cryptocurrencies. I am always studying different techniques and strategies about trading for me to increase my knowledge.

Rebisco

full member

Activity: 651

Merit: 103

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.

Knowledge is really important for us to avoid loss of money in trading. If we have a lot of knowledge, for sure we can do wise decision and lead us to become successful trader. We should find a way to increase our knowledge.

01asd

full member

Activity: 238

Merit: 112

Quote from: jamids on February 03, 2018, 11:08:59 PM

Joining some groups in telegram and blindly follow the signals they are saying. I thought I found a good group and I don't have to do an analysis because someone would do it for me and I would just follow their suggestions but it turns out they are just collaborating with other admins to dump on their members. They would schedule a time to announce a coin and when that time comes, all other members would race in buying those coins and then being dumped on. Joining pump and dump would just make you lose money. It is better to trade on your own and make your own research and analysis.

Do not worry if you make mistakes in trading. All I can sure you are that some advice that will help you through the day when you make mistakes. Actually I do not really know about trading and I'm also not too interested in trading. But I can give some advice for you to learn and more spirit in trading. Why do many people do trading? That's because trading is one of the best ways to earn money via the internet. Many people start their success through trading. I suggest you to do trading if you like the challenges, analysis, research, and currency predictions. Because trading can make us rich. It's just that you have to learn earnestly. Usually you are required to buy and sell at the right time. Do not sell when the price is down or have not risen. That is all.

Nasty23

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Activity: 736

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Quote from: jamids on February 03, 2018, 11:08:59 PM

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.

Joining some groups in telegram and blindly follow the signals they are saying. I thought I found a good group and I don't have to do an analysis because someone would do it for me and I would just follow their suggestions but it turns out they are just collaborating with other admins to dump on their members. They would schedule a time to announce a coin and when that time comes, all other members would race in buying those coins and then being dumped on. Joining pump and dump would just make you lose money. It is better to trade on your own and make your own research and analysis. Do not ask anyone about what to coin to buy because most likely they would suggest a coin they already bought so that the price would go up.

Yes it is also my mistake that I have been join in the group on which I hoping that it can help me to trade but, this group guided me to losses in order for them to gain. I strongly agree to make our own research and studies so that we can develop our skills in trading and we are not depend to the people that can be possibly manipulating the market by making a group.

jamids

sr. member

Activity: 616

Merit: 252

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.

Joining some groups in telegram and blindly follow the signals they are saying. I thought I found a good group and I don't have to do an analysis because someone would do it for me and I would just follow their suggestions but it turns out they are just collaborating with other admins to dump on their members. They would schedule a time to announce a coin and when that time comes, all other members would race in buying those coins and then being dumped on. Joining pump and dump would just make you lose money. It is better to trade on your own and make your own research and analysis. Do not ask anyone about what to coin to buy because most likely they would suggest a coin they already bought so that the price would go up.

zmkriel

full member

Activity: 406

Merit: 105

Quote from: ethereumhunter on October 04, 2016, 06:27:29 PM

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.

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.

Alteast you learned your lesson and accepted it with all your heart. Anyway every trader did the same mistakes especially in newbies. What is important is the awareness that being patient is the key yo success in being a trader and from your experienced you will become wiser enough to be good in trading.

shezu007

full member

Activity: 336

Merit: 121

I have done one mistake while working with crypto when price of bitcoin was start at a time when china ban bitcoin then i have sell my all bitcoin and have faced a huge loss because i was some new at that time in trading but now i have patience and start buying bitcoin when price start falling.

kolega

member

Activity: 294

Merit: 11

As you move price a trader needs to keep track of what is happening in the market and to calculate the options, and then they relate to the fact, confirmed his findings with the indicators, levels and other tools, etc. As well as the main task - management of risk, hence the conclusions.

Topic: Mistakes in trading that lead to loss of money - page 4. (Read 16978 times)