Mistakes in trading that lead to loss of money - page 7.

sallee2

newbie

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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.

1. Don’t FOMO (Fear of missing out)

If you missed a trade and the train already left the station, let it go. There will always be another trade. If you jump on a Trade after my entry point, you’re putting yourself at risk.

2. Don’t Panic Sell!
We have seen it many times guys. The market cycle goes up and down! It’s awesome when it’s up like today! But days like today aren’t possible without down days! During down days, everything is ON SALE!!! That’s when we take advantage and strike! This is why I always say to keep at least 40% of portfolio in BTC

rext

full member

Activity: 378

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.

Trade Coin by emotion
If you like to buy, see losses are sold, you have absolutely no knowledge and technical analysis in the trading order should be a loss of course. Coin investments and transactions are not as simple as you think, be realistic, do not go feeling!

jokowi

hero member

Activity: 867

Merit: 522

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.

There is no reasonable way to divide Trade Coin orders
One of the lessons of trade coin that you need to keep in mind is to divide your investment orders accordingly. If you invest all you have in one transaction, failure is obvious, learn how to manage capital. and investment before entering this market

darkangel

sr. member

Activity: 714

Merit: 250

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.

There are a lot of people involved in this market with the mentality of playing a game since they do not spend time on it, if you are not serious then do not expect a good result, failure is The sooner or later you will have to take. This is a mistake in the biggest trade coin that almost every trader made! They do not see trade coin as a trade that leads to a lack of investment in it. This is a cause of losing money

e19293001

jr. member

Activity: 120

Merit: 1

Quote from: jinx029 on January 23, 2018, 07:06:23 PM

At first, i bought altcoins which were in high price expecting price to rise more, but sold in panic when the price started to fall.Thus lost lots of my investment. Always buy when price is getting reduced and sell when price is increasing.Dont be much greed and set goals of getting 5 %, 10 % or 15% profit. Better invest in altcoins which is in the market for atleast 2 years. If you have to invest in a newly released coin, read its ANN thread thoroughly and do clear research about it.

I agree. OP might also want to see some useful indicators like
Relative Strength Index (RSI). Then buy when the RSI gets very
low, that's how I do and take profits eventually.

jinx029

member

Activity: 126

Merit: 10

At first, i bought altcoins which were in high price expecting price to rise more, but sold in panic when the price started to fall.Thus lost lots of my investment. Always buy when price is getting reduced and sell when price is increasing.Dont be much greed and set goals of getting 5 %, 10 % or 15% profit. Better invest in altcoins which is in the market for atleast 2 years. If you have to invest in a newly released coin, read its ANN thread thoroughly and do clear research about it.

reymartH

member

Activity: 112

Merit: 11

If you risk too much you are already making a trading mistake, and mistakes tend to compound. If this big losing trade starts moving against you, you may feel regret which can lead to canceling your stop loss order in the hopes the price will turn around and you can avoid the loss. Worse yet, you may add to the position, hoping that if it turns around you can make an even larger profit. Avoid such situations in the first place. Stick to your risk management strategy, and avoid going "all in," no matter what the reason.

Axelion

newbie

Activity: 32

Merit: 0

Greed, panic buying and selling is lack of research or knowledge are main factors are the main cause of losing money.
First read and when you find something good do more research on that. It will help you to choose right.
When it comes to buying and selling don't rush. It's harder than you think

heringasem

full member

Activity: 168

Merit: 103

Quote from: beverly788113 on January 23, 2018, 10:12:53 AM

If an altcoin is being dumped, it usually ends up at 1 satoshi with no chance of revival. Some don't even survive their ICO and get dumped right at the start. You can see many of such failed shitcoins at altcoin exchanges until they eventually get abandoned, delisted, and soon completely forgotten.

I saw a lot of coins like this one during the last few months, i have been trading for a while.. That happened to EMC20, it was a very good coin who did more than x4 in just a week and a half.

And now it is below 70% of that...

abayan

sr. member

Activity: 686

Merit: 260

Quote from: collins3 on January 23, 2018, 10:12:30 AM

I shocked and i keep believe that the price is growing up again soon. This is my fault, the correct actions I should sell my balance as soon as possible while saw the price down. It is called cutloss in trading. Yeah actually when you usually see a sudden price decrease like 50% then it will better to sell at least 25% coins you are holding with yourself

Sometimes, we are fortunate to experience some loss to really learn from our mistakes. Based on what I am reading on this thread, many are really doing strategies to be able to really avoid making mistakes in trading. But we can never really get into taking risks with having the assurance of winning. Most of the time, trading is a surprise. But most of what I've read are right, it is really important to make strategies.

strongwarrior238

member

Activity: 294

Merit: 10

Anyway, we are not perfect. I suggest to usually after year end to review your trades and look at what went right and failed. In trade in the beginning one of my mistake was to keep an eye on exchange rates and whenever a coin started to pump by bots I started to invest in that coins. I at that time was not have knowledge that in that time I have to do short term trade

beverly788113

member

Activity: 224

Merit: 10

If an altcoin is being dumped, it usually ends up at 1 satoshi with no chance of revival. Some don't even survive their ICO and get dumped right at the start. You can see many of such failed shitcoins at altcoin exchanges until they eventually get abandoned, delisted, and soon completely forgotten. At first, i bought altcoins which were in high price expecting price to rise more, but sold in panic when the price started to fall

collins3

member

Activity: 238

Merit: 10

I shocked and i keep believe that the price is growing up again soon. This is my fault, the correct actions I should sell my balance as soon as possible while saw the price down. It is called cutloss in trading. Yeah actually when you usually see a sudden price decrease like 50% then it will better to sell at least 25% coins you are holding with yourself

letecia012

full member

Activity: 406

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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.

I know every one of us has unforgettable experience in trading during our newbie days like when I hear that some one is hyping a coin that will go to the moon i immediately buy with out reading any background of the coin in the end i was stacked in the coin im able to sell because price drop significantly. or sometimes i sell a coin and all of a sudden the price goes up after i sell so buy back again for a much higher price. im also a chase trader chasing the price of a certain coin

TorbiK

full member

Activity: 448

Merit: 100

Diagon

The syndrome of lost profit, I have this main problem in trading I struggle with this so I divide the asset by 4 and set four orders, from the minimum allowable price to the most greedy so that at least something is sold.

alyssa85

legendary

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CryptoTalk.Org - Get Paid for every Post!

The biggest mistake is not doing proper risk management. Don't go all in! If the market goes against you, it wipes you out.

Only stake about a tenth of your stash - because you are not staking everything, you can wait for the trade to pan out without panicking.

Sundark

hero member

Activity: 560

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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 biggest mistake in trading is ignorance to the fundamentals in this sphere. Lots of newcomers think that they are going to invest in altcoin which is on top today and will become rich tomorrow. But unfortunately, this alt can become a garbage tomorrow.

vijendra singh

newbie

Activity: 148

Merit: 0

I have made losses due to mistakes but it was less than the experience I got. Only mistake I did was lesser research. I invested in many coins out of excitement without proper research. If we research properly before investing, we will definitely make profits.

e19293001

jr. member

Activity: 120

Merit: 1

Buying high and selling low. Usually happens when you thought it will go more higher and when you watch it dump too soon that you get frightened and accepted your defeat so you'll just sell and find another coin to buy and the cycle goes on until you realized that you lose all your money. Happens when bad luck and mistakes goes together.

AmazingDynamo

full member

Activity: 248

Merit: 100

Quote from: Potatohead on January 23, 2018, 05:22:56 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.

I guess one of the common mistakes that traders do is to not be more patient about the coins that they are holding. They tend to feel pressured or they simply panic that's why they do not get successful in the world of trading. I have done it before and I learned from that mistake, so now I am being more patient when it comes to trading.

On todays bitcoin price traders should be aware since bitcoin price is lowering day by day traders should be patience and be aware that they cannot earn for now since all coin is red , trader should look for alternative way to earn because trading will work i think in the future so it is better to hold for now and not do trading.

Topic: Mistakes in trading that lead to loss of money - page 7. (Read 16959 times)