Mistakes newbie makes in trading resulting to losses - page 3.

dark08

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Quote from: Babyrica0226 on March 23, 2019, 02:28:02 PM

Majority of the newbie's mistakes are they intend to earn as much as possible, then greediness always lead them into losses too.
And most of all they are very impatience as a novice traders which is not the quality of a true trader. They are lazy on learning about in trading knowledge also.

Because lack of knowledge in trading newbie's emotional are uncontrollable which resulting to make a wrong moves in trading its not easy to earn profit but like what sait in OP you need take advantage to make a good result because emotion is the no. One enemy of trader.

HODL2090

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The reality of trading is as a newbie you are bound to make one mistake or the other resulting in loss. It's a learning process, reason why you are advised to start at small regardless of the amounts at your disposal.
Trading takes time and experience.

bitzizzix

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Quote from: Indamuck on March 23, 2019, 09:53:41 AM

Quote from: asyakashi on March 22, 2019, 06:40:03 PM

Quote from: jems on March 22, 2019, 02:14:05 PM

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 traders

This 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.

Most of it happens to beginners who are not based on experience and knowledge in trading, and I think the old players will not make mistakes in trading because they have experience from before.
trade requires patience and calm in a declining market situation and wise in overcoming it.

Supercrypt

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Quote from: Polar91 on March 22, 2019, 08:49:26 PM

Quote from: asyakashi on March 22, 2019, 06:40:03 PM

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 traders

I don't think so. In my opnion, the hardest part for traders is to identify when to enter and exit. This is very crucial part because in just a wrong decision, it can result to losses and more patience to wait it to rebounce or decline.

In which no trader has ever found it so easy in deciding when to enter the market or get out of the market except by using the technical analysis and fundamental analysis to study the market and decide when to trade which has really helped a lot of traders in their decision yet, studying indicators is not an easy task, it is also time consuming but we have no choice because if we are to do or trade with our intuition alone.

There is chances of us missing out of the trade, we just have to mix the three together to have a successful trading, Intuition without emotion, technical and fundamental analysis.

ajdaj

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Quote from: Babyrica0226 on March 23, 2019, 02:28:02 PM

Majority of the newbie's mistakes are they intend to earn as much as possible, then greediness always lead them into losses too.
And most of all they are very impatience as a novice traders which is not the quality of a true trader. They are lazy on learning about in trading knowledge also.

The fact is that I know such people who did not read smart books, but began with practical exercises on trading platforms. Of course, this brought not only successful, but also unsuccessful transactions. But it only strengthened them. Today, these are quite professional traders and they break the stereotype to train new professionals.

Babyrica0226

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Majority of the newbie's mistakes are they intend to earn as much as possible, then greediness always lead them into losses too.
And most of all they are very impatience as a novice traders which is not the quality of a true trader. They are lazy on learning about in trading knowledge also.

CoinCollect

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Some people are better off failing first, before they can learn before they realize how important it is to learn. Beginners want to get everything at once, but it doesn't work that way. You can be successful only after going the hard way.

BitcoinTurk

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First of all, I would like to begin by stating in my own message that the only reason for the loss of new investors is that they do not use the stop loss feature. As you mentioned in the first article, the use of stop loss is a very important element when trading. On the other hand, in addition to this error, the fact that you do not use any strategy and panic sales, as you mentioned, is another factor that causes the loss of new investors. In addition, it is a very serious mistake that the whole capital is used in a single option because of the dreams of gaining in a quick way, because the fact that the portfolio is attached to a single area causes both the investor to make stress and not to make careful decisions. On the other hand, profit needs to be satisfied with sales. When the target is reached, we should not set new targets, and achieve our profit margin over our first target.

Indamuck

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Quote from: asyakashi on March 22, 2019, 06:40:03 PM

Quote from: jems on March 22, 2019, 02:14:05 PM

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 traders

This 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.

Question123

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Quote from: lablab03 on March 22, 2019, 11:04:52 PM

Newbie is very greedy especially when there's someone saying it easy to get money on trading and etc. Wherein always jumping even have no knowledge about it and when they don't know what to do after putting money they will repenting and will blame others and sometimes making complaint that crypto is a scam afterwards. Lol it's very funny actually how newbies reacting when making mistakes here inside of crypto world.

Newbie is greedy right because their knowledge is not enough about crypto on how it works. But everything have process for sure even us who are now successful trader when we are newbie last few years ago for sure we ate greedy too but now I contented when I get some profit. Achieving high profit is not bad as long as the coin is really potential like the bitcoin, ethereum and the litecoin.

St4yInTh3D4rk

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Quote from: Caladonian on March 22, 2019, 11:39:24 PM

Quote from: jems on March 22, 2019, 02:14:05 PM

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

Emotions affects your trading mindsets, if you can do limit your decision according to what trends are showing then you can proceed and survived
with this never ending fluctuations, think wisely before dealing with any position, learning how to adopt market change and avoid your emotions
to conquer when downfall seems to be more heavier than the rising trends, it can be learned you just need to find yourself willingly to free up your
mindsets and keep with your positive goals.

We need to learn how to use the volatility to make profits,we don't have to limit ourselves just try as much as we can and get more benefits.

I saw many people were buying just the random coins from the exchanges without knowing what the coin is actually about which is why many people losses their money.

ethereumhunter

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Quote from: asyakashi on March 22, 2019, 06:40:03 PM

Quote from: jems on March 22, 2019, 02:14:05 PM

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 traders

All traders have experience in panic and many of us still trying to control that feeling. And if we want to be a good trader, we need to know how to manage the feeling when we are in the worst situations so we can find a way to out from that trouble. Many newbies and pro traders don't realize this and make them sad because the losses, but once they can handle the emotion of panic, then they can start to see a new chance to make a profit.

Pattart

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Quote from: Oceat on March 21, 2019, 04:10:44 PM

Quote from: omonuyak on March 20, 2019, 01:17:05 PM

Newbies do not know all the principle of investing and trading and as such they are always making loses in their investments. Stop loss is never in their trading plan and most time they over trade because of the desire to make it big.

It is a common problem in most newbies in the field of trading since most of them don't know the fundamentals and basics of trading that's why most of them lost and most of them quit after seeing the truth in the trading field. Which is why it is important to do your own research if you aren't familiar with the field that you are about to handle or else you will just gonna waste your time and money.

it doesn't matter if they only practice in trading. it will make them know more about the crypto market. the most important thing is
that newbie does not trade with a large amount of funds without qualified knowledge and skills, that is a big mistake

Xenrise

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Quote from: artdisrupt on March 19, 2019, 05:00:28 PM

Trading is not a quick get rich scheme. But having quality knowledge about price movement of crypto asset is essential before taking crypto trading as a full time job.

True, and for the record, there is no easy money in cryptocurrency. Working ourselves off makes us rich in crypto. If you don't work hard then no money will come to you because hard work pays off. I know a lot of people making trading as a full time job for them. They know a lot of strategy including TA in their trades so that they can win most of it. Nice criteria you got there. What I noticed most is this:

Quote from: artdisrupt on March 19, 2019, 05:00:28 PM

Greed is never be satisfied with the little profit,is an emotions that create an hunger for more profit.this hunger for more profit without setting take profit or stop loss result to losses due to over excitement of trend movement that favors the trader

Greed is the number 1 problem on all traders. Just like gamblers, we are greedy for profit. Even if we lose too much we still grasping for profit. The best way to stop greed is to control our emotions. A simple phrase yet hard to do.

Caladonian

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Quote from: jems on March 22, 2019, 02:14:05 PM

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

Emotions affects your trading mindsets, if you can do limit your decision according to what trends are showing then you can proceed and survived
with this never ending fluctuations, think wisely before dealing with any position, learning how to adopt market change and avoid your emotions
to conquer when downfall seems to be more heavier than the rising trends, it can be learned you just need to find yourself willingly to free up your
mindsets and keep with your positive goals.

kynaz

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Quote from: lablab03 on March 22, 2019, 11:04:52 PM

Newbie is very greedy especially when there's someone saying it easy to get money on trading and etc. Wherein always jumping even have no knowledge about it and when they don't know what to do after putting money they will repenting and will blame others and sometimes making complaint that crypto is a scam afterwards. Lol it's very funny actually how newbies reacting when making mistakes here inside of crypto world.

newbie is really hard to teach because they always prove themselves the best in this market and this makes newbie always face many difficulties in trading. I think very few people who are new to this market can succeed because this market really needs a lot of knowledge and any mistake will make you lose a lot of money in a short time. I believe that a greedy newbie is a good thing but needs to set goals before investing

lablab03

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Newbie is very greedy especially when there's someone saying it easy to get money on trading and etc. Wherein always jumping even have no knowledge about it and when they don't know what to do after putting money they will repenting and will blame others and sometimes making complaint that crypto is a scam afterwards. Lol it's very funny actually how newbies reacting when making mistakes here inside of crypto world.

shesheboy

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Quote from: Polar91 on March 22, 2019, 08:49:26 PM

Quote from: asyakashi on March 22, 2019, 06:40:03 PM

Quote from: jems on March 22, 2019, 02:14:05 PM

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 traders

I don't think so. In my opnion, the hardest part for traders is to identify when to enter and exit. This is very crucial part because in just a wrong decision, it can result to losses and more patience to wait it to rebounce or decline.

Enter if if the market is in dip so that you can accumulate more coins in a bargain price and sell if the market pumps . there is no need to exit imediately especially if you are doing a good job .

only exit you think that your trading skills is not yet enough in which you experience more losses than winnings .

i agree on the guys above that emotion or self control is the biggest hindrance that can sap our gains but that is normal imo because we are only humans , we are not perfect .

Polar91

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Quote from: asyakashi on March 22, 2019, 06:40:03 PM

Quote from: jems on March 22, 2019, 02:14:05 PM

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 traders

I don't think so. In my opnion, the hardest part for traders is to identify when to enter and exit. This is very crucial part because in just a wrong decision, it can result to losses and more patience to wait it to rebounce or decline.

asyakashi

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Quote from: jems on March 22, 2019, 02:14:05 PM

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 traders

Topic: Mistakes newbie makes in trading resulting to losses - page 3. (Read 806 times)