Topic: Mistakes when trade coin - page 2. (Read 22494 times)

A smart trader would think that way, you learn from your experience, especially your mistakes.
Newbie are most likely to get FOMO or victims of FUD, that's how the market works while they dump, smart people will buy, just be on the right side.

And that also happens to traders too, a lot of speculation and predictions are in this forum, and stupidly many people who believe that
prediction, even though that is not necessarily true right. so that what happens is the trader follows that and get loses

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

1. Too hasty, lack of knowledge

-This is a mistake that most investors when started. The hot growth of the market, the price of Bitcoin growth every day is the main motive for new investors to participate in this market. They are always afraid to miss the opportunity. So they hurried into the market and forgot to learn. So learn first. Be patient waiting for a price you think is good, or at least according to technical and market signals.

2. The goal is too big, greedy

-You should set goals when entering the market just to be profitable. Do not expect too soon to be rich or become a millionaire in a short time. When I join ico, it must reach x $ or x5, x10 for these ico, that actually kills me. When the price fell, I did not sell. That was a big mistake.
Most of the investors, trader has experience, they only want to increase their property by 30% in a month. They are too happy. Remember to a story put the grain on the chessboard with 64 boxes. Patience, not to lose, your property will quickly bulge
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.

3.Do not stoploss
-This is an extremely important lesson. Any experience or famous investors emphasize this. Stoploss help you have successfully trade up to 80%, do not know how to stoploss, you certainly never win, just fail sooner or later. You can not stop the market trend, stop loss is painless to want to do, but it protects your capital, help you get back to very quickly.

4. Try to resist the trend
-Try to resist the trend
You will be dying right away, which is the answer to trying to resist the crowd trend. In a festival, the whole crowd is joyfully moving forward, you just go back, you are immediately stamped to death. For the market too. When the crowd rushes to buy the excitement, you think the market will fall, you will certainly lose money. In contrast, when the market has strong sell trend, you try to hold the more losses. Get out as soon as possible and go earlier than the crowd.. If you run after the crowd, of course you will be able to die with the crowd, know enough and stop even though the crowd is still running. In every investment, in the long run the crowd has never won. When you are swept away so fast, as the car is so fast, braking slowly no matter what trouble will help you stop safely, waiting for the incident, whether the car is good but you also hurt less a lot of.

A smart trader would think that way, you learn from your experience, especially your mistakes.
Newbie are most likely to get FOMO or victims of FUD, that's how the market works while they dump, smart people will buy, just be on the right side.

Thanks for this. I agrer with all your tips most especially with that no. 4 tip. I will surely remember to resist the trend. Somehow, this is my mistakes. Whenever everyone is on that way, I follow the trend which also makes me lose everything. Seems like it is just a trap and everybody falls for it and i had to escape right away. At least, I have learned something from your tips, mate.

4. Try to resist the trend.

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

yes definitely these are the common mistakes made by lots of newbie and sometimes the experience the people also do some mistakes while trading but it can be corrected very easily so don't worry while making mistake because mistakes are the way to success.

1. Too hasty, lack of knowledge

-This is a mistake that most investors when started. The hot growth of the market, the price of Bitcoin growth every day is the main motive for new investors to participate in this market. They are always afraid to miss the opportunity. So they hurried into the market and forgot to learn. So learn first. Be patient waiting for a price you think is good, or at least according to technical and market signals.

2. The goal is too big, greedy

-You should set goals when entering the market just to be profitable. Do not expect too soon to be rich or become a millionaire in a short time. When I join ico, it must reach x $ or x5, x10 for these ico, that actually kills me. When the price fell, I did not sell. That was a big mistake.
Most of the investors, trader has experience, they only want to increase their property by 30% in a month. They are too happy. Remember to a story put the grain on the chessboard with 64 boxes. Patience, not to lose, your property will quickly bulge
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.

3.Do not stoploss
-This is an extremely important lesson. Any experience or famous investors emphasize this. Stoploss help you have successfully trade up to 80%, do not know how to stoploss, you certainly never win, just fail sooner or later. You can not stop the market trend, stop loss is painless to want to do, but it protects your capital, help you get back to very quickly.

4. Try to resist the trend
-Try to resist the trend
You will be dying right away, which is the answer to trying to resist the crowd trend. In a festival, the whole crowd is joyfully moving forward, you just go back, you are immediately stamped to death. For the market too. When the crowd rushes to buy the excitement, you think the market will fall, you will certainly lose money. In contrast, when the market has strong sell trend, you try to hold the more losses. Get out as soon as possible and go earlier than the crowd.. If you run after the crowd, of course you will be able to die with the crowd, know enough and stop even though the crowd is still running. In every investment, in the long run the crowd has never won. When you are swept away so fast, as the car is so fast, braking slowly no matter what trouble will help you stop safely, waiting for the incident, whether the car is good but you also hurt less a lot of.

That's not a wise mentality, we should only trust ourselves in trading, some people could be telling the wrong story and a wrong prediction, they
could be bias and they might not be as good as what we are expecting them to be. It's alright to consider other people's idea but not to the fullest that we will reach to the point that we will rely on them.

Number 4 is very vital for me - Don't trade against the trend. This is key. On a few occasions that I went against it I was punished. If you follow the trend, even when you get in wrongly you will still recover your position and make profit.

1. Too hasty, lack of knowledge

-This is a mistake that most investors when started. The hot growth of the market, the price of Bitcoin growth every day is the main motive for new investors to participate in this market. They are always afraid to miss the opportunity. So they hurried into the market and forgot to learn. So learn first. Be patient waiting for a price you think is good, or at least according to technical and market signals.

2. The goal is too big, greedy

-You should set goals when entering the market just to be profitable. Do not expect too soon to be rich or become a millionaire in a short time. When I join ico, it must reach x $ or x5, x10 for these ico, that actually kills me. When the price fell, I did not sell. That was a big mistake.
Most of the investors, trader has experience, they only want to increase their property by 30% in a month. They are too happy. Remember to a story put the grain on the chessboard with 64 boxes. Patience, not to lose, your property will quickly bulge
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.

3.Do not stoploss
-This is an extremely important lesson. Any experience or famous investors emphasize this. Stoploss help you have successfully trade up to 80%, do not know how to stoploss, you certainly never win, just fail sooner or later. You can not stop the market trend, stop loss is painless to want to do, but it protects your capital, help you get back to very quickly.

4. Try to resist the trend
-Try to resist the trend
You will be dying right away, which is the answer to trying to resist the crowd trend. In a festival, the whole crowd is joyfully moving forward, you just go back, you are immediately stamped to death. For the market too. When the crowd rushes to buy the excitement, you think the market will fall, you will certainly lose money. In contrast, when the market has strong sell trend, you try to hold the more losses. Get out as soon as possible and go earlier than the crowd.. If you run after the crowd, of course you will be able to die with the crowd, know enough and stop even though the crowd is still running. In every investment, in the long run the crowd has never won. When you are swept away so fast, as the car is so fast, braking slowly no matter what trouble will help you stop safely, waiting for the incident, whether the car is good but you also hurt less a lot of.

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

Yes I am sure it will rise very high but at the same time if we will be greedy to have fast profit we can lose our money and turn our profit into lose so better not to mistaken ourselves and keep holding to trade fro long term, risk is normal thing to take for any business but in case of crypto investment we can minimize it with patience and our knowledge before trading.

In bull market alot of crypto will going up more than 10times just afew month, in that times we can be agreedy trader but we should be also have strategy to minimize the risk and to lock the profit by use stop loss and trailling stop. So risk management is the most important thing in trading.