Mistakes when trade coin - page 8. | Bitcointalksearch.org

Gaff

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Quote from: Chachacoin17 on May 03, 2018, 09:14:47 AM

Quote from: Supercrypt on May 03, 2018, 06:42:04 AM

Quote from: Tigerw on April 17, 2018, 03:24:36 PM

Quote from: speem28 on April 17, 2018, 12:37:50 PM

Agreed with most of the things stated in the OP but IMO, being too hasty and lacking knowledge is mainly the trader's fault and could not consider a mistake in terms of trading and this actually pertain to new investors.

Even if people in the forum can read these tips, they will still do it eventually, one way or the other until they experienced it first hand and learn it the hard way. There may be some that will take a point of this and will apply to their trading decisions tho.

and how do you think can affect a large number of open exchanges on the pricing of coins themselves crypto currency? To date, there is a lot of project, but the market is still down there.

The market is still down where? The main stuff is how people tend to screw themselves in trading just because they are always in a haste to make profit without learning and that usually end up putting them on the wrong spot most of the time as they end up losing a lot. Speem28 got it right because no matter how big the market is and low, as long as you are knowledgeable as a trader, you will always have a very good chance to utilize the movements to your favor which is the actual benefits of trading a coin but a noob will never get.

Many mistakes may happen when we are facing sudden fluctuations of markets but when we are having proper plans to handle them quickly then we need to worry about negative market. Stop-loss must be one that kind. Moreover stop-loss is a plan but most traders are still missing it out.

Crypto trading has evolved abruptly, it's non-stop, and rapidly changing process. Mistakes arise due to lack of knowledge, awareness, and impulsiveness. Some mistakes in trading coins are chasing pumps, it's buying coins when it is at its peak, not thinking that the increase in price is accompanied by some pullback, so it's better to check trading volume. In addition, not knowing your investment, devoting yourself to doing research on which you plan to invest is a much, knowing the stability of the project, the team, and the advisors. Never be afraid to fail, it's the best way to learn something new and to develop your knowledge, it helps to decrease the risks and downsize the mistakes.

We all go through a lot of struggles, failures, and mistakes before we get to where we are headed for us to be more learned and mature enough to face the reality of life and crypto is not exempted from it. Most common mistakes are selling at inappropriate times or emotion-driven selling, and not being up-to-date or uninformed. Don’t get too excited to invest more money than you’re comfortable losing. Be informed with the industry news, missing some important news and events could shift without you even knowing and affects the trading journey. Experiencing mistakes are good for us to become a better and stronger person, but if done repeatedly it's then quite alarming and needs attention to address the crisis.

Membrana.io

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Quote from: shams on April 22, 2018, 02:48:49 PM

The most important mistakes most of the people do is they buy the coin at the very high price when its on the peal following the hype and when the coins go down for its correction people get panic and sell the coins at bottom this is the most basic mistake people do in this crypto world and I have done the same many time but I have learned from my mistakes.

Evere persons do mistakes, when they trade

noah tall

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Chachacoin17

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Quote from: Supercrypt on May 03, 2018, 06:42:04 AM

Quote from: Tigerw on April 17, 2018, 03:24:36 PM

Quote from: speem28 on April 17, 2018, 12:37:50 PM

Agreed with most of the things stated in the OP but IMO, being too hasty and lacking knowledge is mainly the trader's fault and could not consider a mistake in terms of trading and this actually pertain to new investors.

Even if people in the forum can read these tips, they will still do it eventually, one way or the other until they experienced it first hand and learn it the hard way. There may be some that will take a point of this and will apply to their trading decisions tho.

and how do you think can affect a large number of open exchanges on the pricing of coins themselves crypto currency? To date, there is a lot of project, but the market is still down there.

The market is still down where? The main stuff is how people tend to screw themselves in trading just because they are always in a haste to make profit without learning and that usually end up putting them on the wrong spot most of the time as they end up losing a lot. Speem28 got it right because no matter how big the market is and low, as long as you are knowledgeable as a trader, you will always have a very good chance to utilize the movements to your favor which is the actual benefits of trading a coin but a noob will never get.

Many mistakes may happen when we are facing sudden fluctuations of markets but when we are having proper plans to handle them quickly then we need to worry about negative market. Stop-loss must be one that kind. Moreover stop-loss is a plan but most traders are still missing it out.

Crypto trading has evolved abruptly, it's non-stop, and rapidly changing process. Mistakes arise due to lack of knowledge, awareness, and impulsiveness. Some mistakes in trading coins are chasing pumps, it's buying coins when it is at its peak, not thinking that the increase in price is accompanied by some pullback, so it's better to check trading volume. In addition, not knowing your investment, devoting yourself to doing research on which you plan to invest is a much, knowing the stability of the project, the team, and the advisors. Never be afraid to fail, it's the best way to learn something new and to develop your knowledge, it helps to decrease the risks and downsize the mistakes.

Supercrypt

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Quote from: Tigerw on April 17, 2018, 03:24:36 PM

Quote from: speem28 on April 17, 2018, 12:37:50 PM

Agreed with most of the things stated in the OP but IMO, being too hasty and lacking knowledge is mainly the trader's fault and could not consider a mistake in terms of trading and this actually pertain to new investors.

Even if people in the forum can read these tips, they will still do it eventually, one way or the other until they experienced it first hand and learn it the hard way. There may be some that will take a point of this and will apply to their trading decisions tho.

and how do you think can affect a large number of open exchanges on the pricing of coins themselves crypto currency? To date, there is a lot of project, but the market is still down there.

The market is still down where? The main stuff is how people tend to screw themselves in trading just because they are always in a haste to make profit without learning and that usually end up putting them on the wrong spot most of the time as they end up losing a lot. Speem28 got it right because no matter how big the market is and low, as long as you are knowledgeable as a trader, you will always have a very good chance to utilize the movements to your favor which is the actual benefits of trading a coin but a noob will never get.

Many mistakes may happen when we are facing sudden fluctuations of markets but when we are having proper plans to handle them quickly then we need to worry about negative market. Stop-loss must be one that kind. Moreover stop-loss is a plan but most traders are still missing it out.

mulukey

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The mistake of trading bitcoin is to choose the wrong time to sell your bitcoin at low prices. You have to be patient and wait for the opportunity to trade coin in your pocket, buy them at low prices and sell them at high prices is the most important thing. To do that, you have to combine many of your existing skills.

Baoo

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Well, it is certain that at the beginning of each person in this field will make mistakes many times and this is something expected and normal, In fact, the mistakes are important in teaching and improving behaviors and choices of trader and also help him/her to avoid the same errors again. Plus, I think the most essential thing in trading is the control of emotions ( the self control ) because there will be many events ( good and bad ) must always act smartly in those difficult situations.

On the other hand, trading is not an easy area to earn a huge amount of money in a small period, and you must learn the basics and from field experiences, Furthermore, you should avoid re-making mistakes (hasty, greed,). Even fear is one of the biggest obstacles of trader and always lead to many losses, or small profit.

Dontme

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JL421

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I would agree with you nowadays people are thinking this is like the past you invest 100$ and get 50000$ later it has surely changed now getting twice the return from your investment is still a huge deal for traders
Stop loss is important always no matter how much you are investing trading has always been risky not using stop loss will keep increasing your loss if it's a bearish market

JPage

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Greed is emotional play, that happens when you're expecting too much and too fast, even if you have just started to going into trade world

paynercash

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Our biggest mistake is too greedy. When the market up you keep thinking that the coin will continue to rise. so you wait. and then prices suddenly fell sharply. So you can not sell altcoin at high prices.

KalaiBTC

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Quote from: wozzek23 on April 24, 2018, 12:40:24 AM

Quote from: mkhadazz on April 22, 2018, 12:10:14 AM

my biggest mistake was that when I was affected and made me panic when the price dropped I sold my assets, the biggest mistake I made was easily affected by bad news and easily panicked, traders should be able to control the condition in order to avoid the risk of loss.

I person isn’t a trader if he doesn’t have control over his mind. When the times are getting bad and things are getting weird for you, like prices start losing and getting down, in that times you have to control your mind. If that time is a burden on you and you just failed up to show the resistance to your mind to sell everything, you will definitely be losing all what you have.

It is not easy to control ones emotions and mind under all sort of circumstances. Only few people bear such nature like cucumber, always staying cool. Others have to learn it with time and many do. To err is human. It is pretty fine to fail but giving up is something that does not run in blood of traders. Patience, knowledge and experience are gained with time in any profession of the world.

ahoenk

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The biggest mistake newbie makes when yrading in crypto is greedy and panic. Greedy mean when the price going up he is not taking profit and dreaming will get 1000x in one position. And panic happen when market crash then he can wait untill market stabilize and make another strategy. Most of them cut losea when crash happen and loses money.

Armstand

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Quote from: JPage on April 23, 2018, 04:55:23 AM

At the beginning everybody makes their mistakes, you can't start without it. But in trading it will also teach you lessons that you don't need to repeat, because of money losses

Mistakes should only be at the start, it is normal to make mistakes, just don't let it happens everytime that it makes the point that you'll lose your investments. Trading is risky yet when we already into it, we will be addicted to it especially if we have earned, time and extra coins to trade.

vishudda

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I completely trust the project and the growth when holding and selling a coin, if I find there is no progress from the team and there is no hype on the coin, I will immediately sell them rather than Holding long. We may do the following mistakes.
1. Lack of proper knowledge about the project- Complete your research about the recent updates and news on the coin
2. Learning and following the FUDsters- FUD spreaders, spread the negativity than positivity. Which makes investors panic and Many of the short-term investors dump their coins at a lower price immediate after ICO
3. Set yourselves a margin on the profit of each coin. and work accordingly
4. Buy when the prices are low and sell at a margin profit.

wozzek23

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Quote from: mkhadazz on April 22, 2018, 12:10:14 AM

my biggest mistake was that when I was affected and made me panic when the price dropped I sold my assets, the biggest mistake I made was easily affected by bad news and easily panicked, traders should be able to control the condition in order to avoid the risk of loss.

I person isn’t a trader if he doesn’t have control over his mind. When the times are getting bad and things are getting weird for you, like prices start losing and getting down, in that times you have to control your mind. If that time is a burden on you and you just failed up to show the resistance to your mind to sell everything, you will definitely be losing all what you have.

Ronaldcoin2017

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Quote from: JPage on April 23, 2018, 04:55:23 AM

At the beginning everybody makes their mistakes, you can't start without it. But in trading it will also teach you lessons that you don't need to repeat, because of money losses

We are not perfect and I believe that as a trader we are maybe commuting some mistakes and we can lose a huge amount of profit but I think we don't have to be astonish becaus mistakes is part of our lif, mistakes is the number one factor that make us prudent on doing a good decision in life.

JPage

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At the beginning everybody makes their mistakes, you can't start without it. But in trading it will also teach you lessons that you don't need to repeat, because of money losses

shams

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The most important mistakes most of the people do is they buy the coin at the very high price when its on the peal following the hype and when the coins go down for its correction people get panic and sell the coins at bottom this is the most basic mistake people do in this crypto world and I have done the same many time but I have learned from my mistakes.

Woterry

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Best advise and on point advise I’ve read so far. This is what I’ve been doing while waiting for my campaign to be finished so that I can enter the trade game. While I’m on it, I’m reading this kinds of advises just to ready my self for the trade game. And so far I’ve been doing #1, to not have lack of knowledge when trading. I love how you talk about greediness here, just trust your instincts and never gamble for your greed. Trade smart if I may say.

Topic: Mistakes when trade coin - page 8. (Read 22500 times)