Topic: Mistakes when trade coin - page 5. (Read 22492 times)

Common mistakes commonly made by beginner traders are holding coins for so long, assuming that in a short time prices will rise, and much more. well, that also happened when I first got to know trading.

We neglect such thing to happen, in fact we've been experiencing it before we came into of what we are now. All the mistakes we have been done could be a sort of learnings and from that we became strong and not afraid to face another challenge. Though it is risky but I've found myself comfortable.

These are indeed mistakes that people can make in trading. Some persons chose some trading options even without fully understanding the parameters of that option chosen. That is why they end up loosing when anticipating to make profit.

because day trader forced to get profit everyday and change to other coins.  when coin that day trader bought got stuck, they will think more how to get profit and not stuck longer so they can change coin to buy. i think that is the main reason day trader will end with loss instead of profit

Yes, luck is rarely happen and only a few people can be lucky. Actually what we need is a good analysis, knowledge and strategies to make profits. In every gambling and trading require all these three in order to get the planned profits.

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.

if luck is really affect in trading, i am sure that person will pick gambling instead of trading. i agree if in trading we can't believe on luck, but actually sometime that is happen even rarely. like for example, when XRP down a lot and then back to normal price.

I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.

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.

Most common mistake of investors is being to greedy even though they lack knowledge on how the project started, the individuals involved in the campaign. They still invest tons of money because it's hype and other people are buying it expecting immediate gains. Then if they get scammed they blame others.

I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.

In trading we cannot depend on our luck for every time. we need to have good experience and trading skill, which no doubt increase the chances of making big money in trading. Luck is important but it only work in gambling where experience and skill to no carry any meaning.

The greatest mistake here is to believe in your luck and avoid self-education. to become a successful trader, you should get knowledge. learn everything about the market, learn the terms that are used here, study the crypto world.