mistakes that often occur traders are not able to control emotions and always greedy too, because in trading if you still use these properties will certainly not run smoothly. because these two characteristics must be discarded and avoided when trading
yes, I really agree with what you say. however proficient a trader is, he even has very good experience in trading, but if he still uses emotion and greed, all the experience and knowledge of trade that he has will be in vain. and he will fall into a loss caused by emotion and greed. 
Topic: Mistakes when trade coin - page 3. (Read 22492 times)
I think that despair is a classic error or when you see a candle in favor and you enter at that moment thinking that you will lose the movement, you can immediately back off because they are traps for the unwary.
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 disagree with your # 4 opinion. Going against the crowd really gives a different result. Your example is quite lame and it is not fair.-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.
going against the crowd means going against the crowd's thoughts and actions at a certain time.
I have made mistakes twice in believing in the thoughts of the crowd and believing in the predictions of analysts.
At the time of February of 2018, the BTC price suddenly dropped from $ 9k5 to $ 6k5. Everyone believed that this was the end of the crypto market and there were 4 people in my group who gave up. And I thought the market would soon come back at $ 9k but I didn't dare buy 3 BTC because my best friend said that the market would last for so long. (he has experience in investing in crypto market since 2014)
I was afraid and did not dare to follow my thoughts. and after only 2 days, I was very disappointed when I saw the price of the BTC really increased by 9k $.
The lesson is to follow what you think, but need to analyze it before doing that. Don't try to be different when your knowledge is limited.
If we learn anything before entering into trading it will not be in a hundred percent learning for starting a trading and you will need to be do it practically and make your experience more comfortable then only this finds will helpful for you to trade properly
The most mistake is the one you have listed and that is knowledge: many traders came into cryptocurrencies market because of what they hard from other people that trading is profitable without adequately spend time to learn how trading work.
there are lots of traders who can't control their panic and can't calm down when they see prices suddenly fall and they panic, lots of new traders like that and that will make the price of coins in the market go down like this.
Mostly greediness is what brings us to failure.i remember when i was newly in trading that i always chasing for larger profit and in the end losing is what I’ve got,your good in this advices maybe if many will read and adopt all this to their respective actions for sure profit will be on their hands
mistakes that often occur traders are not able to control emotions and always greedy too, because in trading if you still use these properties will certainly not run smoothly. because these two characteristics must be discarded and avoided when trading
I agree to do number 2 the goal is too big that's the reason why the trader who are greedy is losing money instead o earning a lot of money. I suggest before do anything make sure that you are know what is the possible result of thay because that's only way for you to not lose your money or investment.
to be honest the mistakes have to be easily cleared by us when you are listening the people what saying about your mistakes and it will be easily clear while making money and getting use of it but it takes a time of period to be solved.I agree to do number 2 the goal is too big that's the reason why the trader who are greedy is losing money instead o earning a lot of money. I suggest before do anything make sure that you are know what is the possible result of thay because that's only way for you to not lose your money or investment.
therefore traders must know so far that many make them feel lost or a mistake that often occurs, because greed will make us lose money or difficult to succeed in trading
The big mistake is when you open a buy order without doing your study about the project of the coin. Secound you should look at chart and evaluate the real low and high price of the coin.
If a coin is in top i never open a position. I wait for good chance.
In general every day thier is a chance to gain but that need to learn how to trade.
If a coin is in top i never open a position. I wait for good chance.
In general every day thier is a chance to gain but that need to learn how to trade.
I agree to do number 2 the goal is too big that's the reason why the trader who are greedy is losing money instead o earning a lot of money. I suggest before do anything make sure that you are know what is the possible result of thay because that's only way for you to not lose your money or investment.
to be honest the mistakes have to be easily cleared by us when you are listening the people what saying about your mistakes and it will be easily clear while making money and getting use of it but it takes a time of period to be solved. I agree to do number 2 the goal is too big that's the reason why the trader who are greedy is losing money instead o earning a lot of money. I suggest before do anything make sure that you are know what is the possible result of thay because that's only way for you to not lose your money or investment.
I always have a plan and a backup plan, which contains the target price, it will make me know when to sell, and of course to avoid greed, because I know every trader will want the biggest profit, but they forget that prices can fall anytime.
The biggest mistake of many people is the lack of the knowledge. they do not know anything about the cryptocurrencies and hurry up to invest. You need to read carefully and know many things!
Knowledge is a must before investing in anything also another thing is that people invest when the market is rising or is at very high. Like currently market is on low so one is investing which is the right time to buy as well. But say when it rises then people will buy and it will crash so this users will end up in a loss.
That all is my big mistake, greedy, too confidence and did not use stop loss will make us failed in trading activity, so before jump in to trading make sure we can manage that emotional and already has risk management. Alot of my friends has been loss more than 90% in trading because of this all mistake. And others important think to understand is how to analysis the trend of market so we will enter and exit from the market with best times.
We should not expect too much always because we will just lose hope and faith if we didn't meet our expectations. We are trading coins that doesn't have value, we should be aware to the potential of the coins that we hold for us to know if it is good to trade or not. I lose now most of my money due to trading shitcoins, I always expect that its price will go moon and it is the reason why I lose.
The biggest mistake of many people is the lack of the knowledge. they do not know anything about the cryptocurrencies and hurry up to invest. You need to read carefully and know many things!
Knowledge is a must before investing in anything also another thing is that people invest when the market is rising or is at very high. Like currently market is on low so one is investing which is the right time to buy as well. But say when it rises then people will buy and it will crash so this users will end up in a loss.
of which all of the mistakes you make seem to be something that you haven't mentioned yet and that's the most important key to being able to get a lot of profit, the error is that you can't control the patience you have.
I agree to do number 2 the goal is too big that's the reason why the trader who are greedy is losing money instead o earning a lot of money. I suggest before do anything make sure that you are know what is the possible result of thay because that's only way for you to not lose your money or investment.
Greed is the undoing of many trader. The moment you can effectively manage and control your greed, there will be little mistake that you will make. But you will likely trade safely and be content with your profit!
When trading coin, many things will be experienced, such as analysis errors or losses that occur. But like other traders there is always a solution to overcome, namely by learning. Learning to understand coin price movements, or trends that occur when certain events affect prices. Learning will certainly be smart, and often profit. Jump to: