It's okay can't avoid mistakes in trading especially newbies start learning how to trade, mistakes is the right guide to correct the mistake by using analysis the fault decision of the trader.
A costly mistakes can teach you a great lesson because from that failure, you will start to do better. Until now, I'm still having losses in trading not because I'm carelessly doing that but it's really normal. We cannot avoid mistakes but we have to lessen it because if you always that, then you have no way for you to make a decent profit. 
Topic: Mistakes newbie makes in trading resulting to losses (Read 806 times)
It's okay can't avoid mistakes in trading especially newbies start learning how to trade, mistakes is the right guide to correct the mistake by using analysis the fault decision of the trader.
A costly mistakes can teach you a great lesson because from that failure, you will start to do better. Until now, I'm still having losses in trading not because I'm carelessly doing that but it's really normal. We cannot avoid mistakes but we have to lessen it because if you always that, then you have no way for you to make a decent profit.
It's okay can't avoid mistakes in trading especially newbies start learning how to trade, mistakes is the right guide to correct the mistake by using analysis the fault decision of the trader.
You made a good point here that not only newbie will learn from it but also people what think they known everything all about trading crypto currency.
What one need to do then is more particularly about the coins you want to buy and above all follow your trading strategy and Money management policy.
What one need to do then is more particularly about the coins you want to buy and above all follow your trading strategy and Money management policy.
Sudden changes are frequent in crypto currency most newbies don't know this and this situation can hinder newbies plan. Well newbies don't have some vast knowledge since they are called newbies only basics are know to them. As far as I know almost all my trades depends on my coin choice but mostly it messes up by the changes of the markets price so it is unavoidable for me and so as the newbies
I just hope this came base on your own experience because it all happened to me.
I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.
Recently, I made a profit for like $300 but I am just worried of whoever bought it.
The price of that token when I sold it is like $0.2 and now at $0.01
That is a lot of loss but that is trading I guess, there are users who lose now and maybe a lesson will be learned afterwards.
I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.
Recently, I made a profit for like $300 but I am just worried of whoever bought it.
The price of that token when I sold it is like $0.2 and now at $0.01
That is a lot of loss but that is trading I guess, there are users who lose now and maybe a lesson will be learned afterwards.
A smart person will always try to avoid making mistakes. He will study the mistakes done by the other guys, and only after that, he will start his activities. In this case, even a newbie can get a profit soon.
I just hope this came base on your own experience because it all happened to me.
I guesse everyone will inevitably experience most of the lists in the OP. Specially if a person is learning the ropes in trading, since they will of course engage in real trading platform.I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.
And this is how you correct everything.
Also, the one thing you cant prevent from doing sometimes is FOMOing right? Lol 😁
Before entering the market you need to prepare yourself psychologically.In fact, I would say that the loss of the first deposit is very useful.Sift out the weak and make it clear their mistakes strong. In this area, money is the best teacher.
This is vital but only applicable to newbies because I don’t think anyone who already is a professional needs to be thought on how to always prepare for trading psychologically, majority of crypto trader must have in the past engage themselves in forex trading which I expected them to have learn all necessary trading etiquette before joining the crypto currency.Although, crypto market is far more volatile than forex trading and many traders who are not new to trading uses this volatility as an excuse for their failure. Experience is just the mother of success, every trader must carefully gain enough experience especially trough demo practice before going into live trading.
I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.
Good to you mate and you may learn it now. It is better to experience losses so we know what where we are wrong and to find the best solution for it won't happen again. It is not newbie have facing losses but also for the old ones. There is no need to be afraid of losses but this is away to build us stronger and wiser.
I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.
Good to you mate and you may learn it now. It is better to experience losses so we know what where we are wrong and to find the best solution for it won't happen again. It is not newbie have facing losses but also for the old ones. There is no need to be afraid of losses but this is away to build us stronger and wiser.
I just hope this came base on your own experience because it all happened to me.
I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.
Recently, I made a profit for like $300 but I am just worried of whoever bought it.
The price of that token when I sold it is like $0.2 and now at $0.01
That is a lot of loss but that is trading I guess, there are users who lose now and maybe a lesson will be learned afterwards.
I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.
Recently, I made a profit for like $300 but I am just worried of whoever bought it.
The price of that token when I sold it is like $0.2 and now at $0.01
That is a lot of loss but that is trading I guess, there are users who lose now and maybe a lesson will be learned afterwards.
I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.
Good to you mate and you may learn it now. It is better to experience losses so we know what where we are wrong and to find the best solution for it won't happen again. It is not newbie have facing losses but also for the old ones. There is no need to be afraid of losses but this is away to build us stronger and wiser.
The scheme is useful indeed, but i think it is also highly important to make sure the platform keeps your data safe. There has to be some additional security features, 2FA or else
I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.
In simple terms, in my opinion, if we want to succeed in trading, how do we make decisions, whether it's the decision to choose coins and also the decision to buy and sell, we can get them if we can control ourselves or not be easily panicked
Panic is an emotional problem that is difficult to control. Beginner traders have a great opportunity to panic and get caught up in trading emotions. yes..this can be trained by continually trying to trade and be patient. this is the hardest part for tradersThis is why many people just recommend to hold and not look at prices everyday. Every investment will go up and down and bitcoin is the extreme version of that. Most people can't handle their emotions when dealing with these types of crazy price movements.
All these rules are undoubtedly tutorials for beginners, but even following them the chances that a beginner will lose everything just because of his inexperience. In trading, it is very important to learn how to cope with your emotions and then all the rules will be able to be fulfilled. Again plays a huge role, and even better for a start it is necessary to lose everything and start anew, then you will think absolutely differently.
A little mistake will leads to a huge loss so the newbie should definitely need to understand the situation with less investment then only the huge investment will be probably not been any confusion and the trading is also not been difficult for you.
Before entering the market you need to prepare yourself psychologically.In fact, I would say that the loss of the first deposit is very useful.Sift out the weak and make it clear their mistakes strong. In this area, money is the best teacher.
The most common mistake that people getting into forex trading make is that they get into forex trading.
The next most common mistake is that they subscribe or follow websites and individuals who claim to help them (see some of the door-to-door salesmen answers to this question).
The next most common mistake that new forex traders make is that they are not to blame when they lose, they convince themselves that the markets are rigged and they (the mysterious association of the faceless they) are to blame for the money the new trader lost.
Is not only for forex trading but also with the other trading sites. The next most common mistake is that they subscribe or follow websites and individuals who claim to help them (see some of the door-to-door salesmen answers to this question).
The next most common mistake that new forex traders make is that they are not to blame when they lose, they convince themselves that the markets are rigged and they (the mysterious association of the faceless they) are to blame for the money the new trader lost.
It actually we can't just put a blame with noobs cause they have that huge knowledge in trading but also for the old one's. Very often that they'll be losing as they are in the adjustment and learning process but it takes also the consideration that they could be successful in the future.
The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers
That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse.Jump to: