Topic: Mistakes in trading that lead to loss of money - page 8. (Read 16945 times)
I was once exposed to panic buy.the worst mistake in trading is panic buy or panic sale, when it panicked it will not be able to think clearly and without realizing it has lost a lot of money, the second mistake is impatience, in trading some coins.
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.
One mistake that leads to loss of money is being impatient and being panicked. I was impatient to hold my crpto and then the price suddenly began decreasing and I panicked then sell my crypto thats why I had loss I buy higher and sell lower but at the long run the price of that crypto gradually increased. It was so regretful. 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.
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.
Lack of foresight and planning is the must significant mistake that is common to 80-90% of cryptocurrency traders and investors. If you can make intelligent guess into future of your holdings, you should be able to see where each coin prices are going.
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.
Two of the biggest mistakes in trading have nothing to do with your skill but with who you are, the first is lack of patience people invest in something and if they do not get profits immediately they sell, and the second mistake is being overemotional when trading, some people get angry or sad when they make a bad trade but this state of mind only leads them to make even more mistakes.I think it will be the best to share your story so that we can avoid your past mistakes.
So after all it was really like the same when you play gambling games (but not that much the same), when it comes to emotions only I think. I agree with the whole statement of yours, that the whole mistake sometimes because of our own behavior and doesn't anything to do with our skill.
Probably because of the panic that makes losses in trading.Therefore,if we want to anticipate the problem so that does not happen the most powerful way is to wait and be patient if the price of a coin is in bad condition.
My mistаkе sоmеtimеs is thаt I sеt оrdеr аnd fоrgоt it. Whеn my BUY оRDеR is fillеd, аnd chеck it nеxt dаy thе cоins pricе is vеry lоw оr bеing dump аlrеаdy аnd its hаrd tо rеcоvеr. It is bеttеr tо аctivе аnd updаtеd аlwаys whеn yоu trаdе.
In the world of trading, almost all of the traders have made some sort of mistakes. This is not at all something really surprising as it happens to every one of us who gets into trading. I do suffer money by making some mistakes in trading but every time I lose money, this actually help me in learning something which I previously was unaware of. This later on helps me in getting greater profit too. 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.
It seems like the mistakes everyone makes in trading are almost the same when buying expensive items and selling them when the price is cheap, usually someone sells when the price is cheap for fear or panic when there is news that the coin trade will continue to decline and It is also my experience panicking to hear the news that all the coin will have a very cheap price finally only sell bitcoin when the price is cheap does not even return the capital I use, it turns out after that bitcoin has a good price again and make me regret for having sold in a hurry I think it will be the best to share your story so that we can avoid your past mistakes.
I think one of my worst mistake in trading is when I got greedy. I got some profit and then I expect the coin to pump for more. Then when its dumped it leads me do a panic sell, and then I lost my profit,
Most of the times I was panid selling and panic buying (FOMO) I have lost money. Now that I avoid this mistake I have a more posotive balance. My biggest mistake however is not to have the courage to sell at ATH - hoping for more. I have lost a lot because of that.
For myself, my biggest mistake is not managing my greed and I think there are quite a lot of investors who make mistakes like me. I invested in an altcoin and set it a huge target of 200% increase in 2 weeks because the coin was going to have very good news, after 2 weeks my profit was 150% I did not sell out, After strong market fluctuations, bitcoin prices have risen too high and my coin starts falling deeply and now I have lost 20% of the capital in that altcoin because of the price drop. I regret it, I want to share my experience here so that everyone can support each other.
Detaching yourself as much as possible from the emotion of owning the money is the most important. One could had observed the events that unfolded a few days earlier, when many of the crypto owners acted irrational and lost a great deal of money.
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.
Two of the biggest mistakes in trading have nothing to do with your skill but with who you are, the first is lack of patience people invest in something and if they do not get profits immediately they sell, and the second mistake is being overemotional when trading, some people get angry or sad when they make a bad trade but this state of mind only leads them to make even more mistakes.I think it will be the best to share your story so that we can avoid your past mistakes.
I think the biggest mistake I did was not learning enough before trading, it controlled my emotions I always panic whenever the value decreases, greed also start to control me which is not good. So study it first and look for mentor who can help you with trading.
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.
Two of the biggest mistakes in trading have nothing to do with your skill but with who you are, the first is lack of patience people invest in something and if they do not get profits immediately they sell, and the second mistake is being overemotional when trading, some people get angry or sad when they make a bad trade but this state of mind only leads them to make even more mistakes. I think it will be the best to share your story so that we can avoid your past mistakes.
Plenty of reasons behind it:
- no research
- no strategy
- bad timing
- no study of the market and charts
- picked the wrong exchange
- picked the wrong time interval to trade
- team behind the coin turns out to be not as competent
- not the right mind set
- trade position too high
- stop loss is getting hit (safety function)
- losses belong to trading - you cannot always win
- no research
- no strategy
- bad timing
- no study of the market and charts
- picked the wrong exchange
- picked the wrong time interval to trade
- team behind the coin turns out to be not as competent
- not the right mind set
- trade position too high
- stop loss is getting hit (safety function)
- losses belong to trading - you cannot always win
Definitely, panic buying! Although I put a 5-15% profit mark on a daily basis with my coins, sometimes I got carried away with all those pumps not realizing that I'll be left hanging once everyone had dumped theirs. So the next step would be to hold them in bag and wait. So yeah, at least I'm patient enough to wait and see if where those coins will lead me someday. Each day new learnings.
panic buying are not really a mistake , as long as you do it step by step.i mean when the price drop you buy it in panic then it bouncing back , you have done a right action. but if the price continue drop then you can buy it several time again and again until the market recovered. the real mistake are when you do trading in greedy , you know it is time to take some time to rest but you keep trading , that time you will have no good point of view and decision in trading.
Trading is a risky method, but it can double someone's money depending to someone's skills and abilities. Indeed, mistakes in trading by not having enough knowledge will result of losing of money. One of the expert's advice is to read and ask other people who has experience in order to avoid the sad situation. But for me, if you think that you are ready to face the consequences and still willing to continue after losing then that is a good attitude.
My mistаkе sоmеtimеs is thаt I sеt оrdеr аnd fоrgоt it. Whеn my BUY оRDеR is fillеd, аnd chеck it nеxt dаy thе cоins pricе is vеry lоw оr bеing dump аlrеаdy аnd its hаrd tо rеcоvеr. It is bеttеr tо аctivе аnd updаtеd аlwаys whеn yоu trаdе.
My mistake in trading is lack of of knowledge in technical analysis and fundamental analysis. Thought that the coin is in a low price and buy it but knowing it's in a higher level and I've lost 50% of my investment because of massive dumps.
Base on my experience, I also admit that one of the biggest mistake I'd ever had is jumping on a boat without knowing where it will going. It's a mess and really a bad nightmare for me. Its really a big mistake when you trade without learning anything about it.
Also Don't believe on those channels out there saying that they are giving signals most of them are pumps and dump. I my self also victim by one of those group, So my mistakes gives you a lesson
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