Topic: Mistakes when trade coin - page 4. (Read 22494 times)
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!
All above is some of the my mistake when first try crypto trading, even i dont know how stop loss feature work on the exchange. So for beginner trader should be learn first how to minimize the loss from the wrong trade. Use stop loss become the most important in crypto trading because the price very high volatility.
mistakes are all, there is our own, rushed, emotional, and greedy. Why can I say it like that, because we also want to get a lot, even though if it is sold now it's already a lot of profit, but it's still lacking, and waiting again, and finally, the price goes down and it doesn't sell, it's our fault.
Yes it is part of life, we always make mistakes but the good thing is to learn from our mistakes and do not repeat them. I have already make too much mistakes in trading and missed golden opportunities of making money, but still I am happy that I have learned too much from my mistakes, 
I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.
When you trade, you can make a lot of mistakes starting with the wrong choice and ending with the panic sell. Day traders make more mistakes that the other guys that are dealing with the cryptocurrencies.
Everything depends on the choice. In case you invest in the wrong cryptocurrencies, very soon you will understand that you lose. Follow the market news to know how to pick tokens.
Greed will really eat you up. This happened to me when I bought ANT (now NEO). price is really low and then when they changed the name to NEO the rice climbed to $100 and I hold on to it thinking that it will go up further to $150. I earned a lot if i sold ny NEO at $100 since I bought ANT only at below $10. Now look at NEO's price.
That can happen, hope that we learn in this kind of mistake. We have to stick with our target, maybe the problem is you do not have a target and you are enjoying the price skyrocketing.
I still believe NEO will be back at that price but it will take time for sure.
Greed will really eat you up. This happened to me when I bought ANT (now NEO). price is really low and then when they changed the name to NEO the rice climbed to $100 and I hold on to it thinking that it will go up further to $150. I earned a lot if i sold ny NEO at $100 since I bought ANT only at below $10. Now look at NEO's price.
From my personal point of view, being greedy can cost us a lot of money. The rest as not using stop loss, lack of knowledge, trying to resist the trend is absolutely impossible to determine in trading.
With the use of the stoploss command, I have seen quite a few candles that killed the stoploss orders as the market started to rise. In 2017 when the uptrend can see many investors have to pay for it. BCH sideway at $ 300 and steadily increased to 2k.
With my lack of knowledge and understanding it is not so important for the cryptocurrency market. Why? Since this is a game of emotion, we need to be patient and alert. Of course, everyone should prepare the basic knowledge and practice a lot. For me to be successful in this market you have to let the market up, do not let the books up. Wish you luck with every investment decision!!
With the use of the stoploss command, I have seen quite a few candles that killed the stoploss orders as the market started to rise. In 2017 when the uptrend can see many investors have to pay for it. BCH sideway at $ 300 and steadily increased to 2k.
With my lack of knowledge and understanding it is not so important for the cryptocurrency market. Why? Since this is a game of emotion, we need to be patient and alert. Of course, everyone should prepare the basic knowledge and practice a lot. For me to be successful in this market you have to let the market up, do not let the books up. Wish you luck with every investment decision!!
Another mistake when you are trading is to think that just because you have a large capital you can incur more losses, I have seen people like this in the past and they lose all their money very fast thinking that their money somehow protects them, this is a false sense of security, it does not matter if you have a small capital or a big capital you need to protect it because making money in the market is not as easy as many people think
The biggest mistake in crypto is that you lose your money by buy at high prices and panic sell when the market drops. Trading are always risky and you must have experience before you start investing in this market.
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!
So stressful is i getting mistakes in trading coins but now we need to still wait before the price of all altcoins will recover for their prices.
it's a bad experience, I don't think you are alone. many traders who have difficulty in the beginning.
the hardest thing is emotion is an important part to be trained. of course by staying in any condition, and finding the key to continuing to understand your trade.
This has changed since I believed in my own analysis, I made various comparative analyzes of various signals and other sources, and that will shape the perception of absolute decisions.the hardest thing is emotion is an important part to be trained. of course by staying in any condition, and finding the key to continuing to understand your trade.
Emotions and greed in trading cannot be avoided, but can be prevented when momentum really comes in one period. Take advantage of both things as best as possible with the right decision, because after all we are the determinants of our own assets.
so your emotions can be controlled because the attack can be defeated. a kind of greed will lose with gratitude. I think all traders must understand their own level of emotion.
it's a bad experience, I don't think you are alone. many traders who have difficulty in the beginning.
the hardest thing is emotion is an important part to be trained. of course by staying in any condition, and finding the key to continuing to understand your trade.
This has changed since I believed in my own analysis, I made various comparative analyzes of various signals and other sources, and that will shape the perception of absolute decisions.the hardest thing is emotion is an important part to be trained. of course by staying in any condition, and finding the key to continuing to understand your trade.
Emotions and greed in trading cannot be avoided, but can be prevented when momentum really comes in one period. Take advantage of both things as best as possible with the right decision, because after all we are the determinants of our own assets.
I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.
When you trade, you can make a lot of mistakes starting with the wrong choice and ending with the panic sell. Day traders make more mistakes that the other guys that are dealing with the cryptocurrencies.
Everything depends on the choice. In case you invest in the wrong cryptocurrencies, very soon you will understand that you lose. Follow the market news to know how to pick tokens.
For sure you're learning from your mistakes actually, and trading that wrong crypto coins exactly provide you enough knowledge despite of the heartaches felt because of that mistakes. It's always good to have full knowledge on what you're investing of in trading, and their roadmap for
the crypto project is the most important thing when you wanted to choose longer terms coin trading.
mistakes are all, there is our own, rushed, emotional, and greedy. Why can I say it like that, because we also want to get a lot, even though if it is sold now it's already a lot of profit, but it's still lacking, and waiting again, and finally, the price goes down and it doesn't sell, it's our fault.
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.
-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.
Beyond these issues. My personal mistake when trading is the psychological problems.
I am very hard to control his psychological and I think most people are like that.
I believe, trading with your emotions can be one of the culprits of losing some of your investments. When you are trading because all you have feel is FOMO, you're really in danger of losing your investment when the market will crash the next morning.
The biggest mistake in trading bitcoin is to follow emotions. Emotions get rid of common sense, meaning that the brain is not used because it is pursuing big profits in quick time. According to emotions, indicators have been ignored. While bitcoin trading is like analyzing price swings, swings have only one direction: if it doesn't go up it will definitely go down.
it's a bad experience, I don't think you are alone. many traders who have difficulty in the beginning.
the hardest thing is emotion is an important part to be trained. of course by staying in any condition, and finding the key to continuing to understand your trade.
the hardest thing is emotion is an important part to be trained. of course by staying in any condition, and finding the key to continuing to understand your trade.
I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.
When you trade, you can make a lot of mistakes starting with the wrong choice and ending with the panic sell. Day traders make more mistakes that the other guys that are dealing with the cryptocurrencies.
Everything depends on the choice. In case you invest in the wrong cryptocurrencies, very soon you will understand that you lose. Follow the market news to know how to pick tokens.
I believe, trading with your emotions can be one of the culprits of losing some of your investments. When you are trading because all you have feel is FOMO, you're really in danger of losing your investment when the market will crash the next morning.
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