Topic: Mistakes in trading that lead to loss of money - page 9. (Read 16971 times)
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.
when the price of the crytocurrency goes down, we hesitate to sell and try to hope that it will go up again but the price keeps going down, we dont have a trong a stop loss. so that causes huge loss
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.
this is the commonly way that users in crypto loss their funds by panicking and didnt make a proper research and background check for the coins we will investing.me my self is a victim of this mistakes and losses some big amount at first.I've also lost by not doing proper research before invest, although very small sum.
But now i have learn from my mistakes and always anticipating the panics and research before buying in that way i prevented my self for another loss of funds.
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.
this is the commonly way that users in crypto loss their funds by panicking and didnt make a proper research and background check for the coins we will investing.me my self is a victim of this mistakes and losses some big amount at first.I've also lost by not doing proper research before invest, although very small sum.
But now i have learn from my mistakes and always anticipating the panics and research before buying in that way i prevented my self for another loss of funds.
top 3 are :
Panic Sell
Don't know stop loss
buying pumped coin
So if you checkyour trade at least 3 of them above, you can get yourself away from most of mistakes
Panic Sell
Don't know stop loss
buying pumped coin
So if you checkyour trade at least 3 of them above, you can get yourself away from most of mistakes
I think the frequent mistake trader make from time to time is the inability to set the price to sell and failure to set stop loss. These actions is obviously simple yet trader don't do these things. Market can not be timed hence you must do these things!
this is an awesome place to learn from other's mistakes. or me I always make a plab but bever stick to it ub oani due to fear/greed
My mistake is very simple. I do not like to put a stop-loss and this leads to drawdowns. But now I do not allow myself to do this.
My mistake is that I can easily believe the news is not necessarily true, and also the fundamental mistake that always happens to me is impatience, I've even lost 50% of my money because it's easy to believe in untrue information.
Emotion!!! emotion always clouded my judgement. Even thou I already made my research about the coin and convince that it has potential BUT when the price drop down, my emotion be like "better lose a less than lose a lot, PANIC SELL!!" v.s. my brain "you made a research, its not a shitcoin, its just temporary it will jump high believe in youre research" and i guess you already know who triumph between the two. BUT with experience now, somehow i can keep in check my emotion now but still made some few mistake because of it.
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.
I am really newbie at all and i have the same mistake like panic sell amd panic buying.
Anyone know how to handle it? I tried many way to kill my panic when i see the price but its too great to kill. Difficult coy
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.
I am really newbie at all and i have the same mistake like panic sell amd panic buying.
Anyone know how to handle it? I tried many way to kill my panic when i see the price but its too great to kill. Difficult coy
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 think before asking any of people opinion or experience, i think you can share your experience first.
Any way, in my experience, my greedy and panic are the most problem i have. When the price jump and i already have good profit but i still hold and waiting the price up again and again. I never think that already overbought the price goes back down very fast the i was ending in loss.
From my point of view, the biggest mistake is to buy when you see that a altcoin has grown a lot.Another mistake would be the desire for huge profits like 5x-10x in a week.
If you would consider selling too early then of course that's the biggest mistake you could do. But many mistakes done by most of us is not keep infromations updated on coins that we just dumped as now I recalled I lost most of my profit opportunity of just letting a token I sold get even more higher. I should keep track on those performance
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.
Yes mistakes in trading leads to lose of money .But that mistake will bring to u also to move on to succeed. Because being a trader failure is a part to succeed because that would be your lesson for the next transaction not to do a mistake again. Lesson is important to be passed on the class. So l believed after that lesson l will not give up but that would be my strength to succeed in life.
this is an awesome place to learn from other's mistakes. or me I always make a plab but bever stick to it ub oani due to fear/greed
My biggest mistake was to buy the coins at too high prices. After the price went down and I was scared and sold them. I suffered a loss of 50%, a week later, prices rose again. I am very sad about it
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 also lost up to half the capital i had because of the same mistake, that is panic selling and panic buying due to mistakes as a newbie who didn't do research before investing. One more mistake that i still do until now when trading is impatient, so till this day i still often get losses. This is probably because i was not focused during trading because i did it on the sidelines of work time. I do not have enough time to trade due the busy works I've also lost by not doing proper research before invest, although very small sum.
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.
Its both, panic buying ang selling which occurs most in newbies or the beginners in this crypto, the mistakes can be only corrected once they are capable to learn out of their losses or mistakes.
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.
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