reasons for bad trading - page 7. | Bitcointalksearch.org

livingfree

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Quote from: CryptocurencyKing on June 07, 2021, 03:08:00 PM

One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.

That's the common mistake that many traders do.

They don't have a clear goal when they trade but we all have the same reason and it's about making a profit. But when we've got to the actual thing, that's when the difficult status happens.

Until things go wrong and you end up with bad trading because you have no clear goal and strategy.

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Quote from: CryptocurencyKing on June 07, 2021, 03:08:00 PM

One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.

Yes, that is a point that very few traders touch, when asked they do not know what to answer or perhaps they continue to avoid, because they enter to win-win, they do not care about anything else, it is like an obsession they always seek to win even if it is by paying signals of crypto.
When you do not set an amount to win, the person makes castles in the air very quickly and they collapse when they begin to lose, because they enter that cycle of hoping to recover those that are lost, when entering that cycle they are likely to lose everything.

CryptocurencyKing

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One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.

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Quote from: cheezcarls on June 05, 2021, 08:19:28 AM

Same thing. I didn’t do my homework and learn my lesson the hard way. I was too greedy hoping that coin or token will pump even further, but I ended up at a loss because of “too much confident” about that project. Lately, one of my tokens pumped to more than 2x after a month of waiting, and I didn’t hesitate to sell it immediately before it plunges quickly again.

The important thing for me is that I gained profit and buy back the dip rather than being too greedy.

It would have been great had you mentioned which coin it was because I have observed the market since a while and I have failed to spot any coin that went down by half then jumped to double within a few months. Maybe you are sharing about your experience from earlier.

There are countless mistakes and reasons for bad trading but like you said, learning from the mistake is important, and even more crucial is to correct the mistake next time. It's similar to how we solve a puzzle, we find a piece and fix it, move further until we place all the pieces in the right positions.

I'm not a pro trader but I have developed such a will that I am not fazed by the market movements much and easily hold the tokens I have even when the whole market is shattered.

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Quote from: el kaka22 on June 04, 2021, 03:09:44 PM

Being noob and just trading based on few people you saw on twitter is the biggest reason. In my nation (I do not know about other nations) there are people on social media that give advises on which coin to buy, most of those people share charts and indicators on what will go up or go down, where to buy and where to sell.

Some of them are really good and they make profit more often than not, if they give numbers on at what price to buy and what price to sell, 8 out of 10 times they are right, and sure those 2 loses you money but you make more profit in those 8. However what people do not know is that it is the people that cause this, they give names and those followers go ahead and buy that coin/token and increase it and that is why they are almost always right, these people get paid by projects to promote them, and the group just pumps it and thinks the influencer as smart person.

It's true that the reason for twitter has become based on what they know what to buy and where to sell it, even this kind of thing is still widely followed, only twitter is the most active, people always give an idea about the coins that will be pumped normally while include the graphics they made, sometimes noob likes to follow in their footsteps.

In essence, never depend on other people, we must be part of us about the right decisions when to buy to make money, if we only rely on TG, of course it will be used as ammunition to manipulate the future market. it will be pumped and then dumped badly because they dumped it.

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Sometimes there are people who will invest their money bitcoin or any altcoins and when the price goes up Rey big they will decide to sell their coins, because they feel that the money they have gotten is enough for them and when they withdraw it they will be able to use that money to achieve something. In a situation like this I don’t think it is very bad, because it goes to show that they are not being greedy.

In a case of being greedy, when prices are going up, people won’t sell because they are looking for more gains. They don’t have any particular rate that satisfies them at all, they just want it all, they want to see the end of it all. And in a case like this, they are the ones that will keep holding until the market falls back all of a sudden and they all lose their money.

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Quote from: Kelvinid on June 04, 2021, 05:48:12 PM

Quote from: Lanatsa on June 04, 2021, 05:30:02 PM

Quote from: el kaka22 on June 04, 2021, 03:09:44 PM

snipped~

When you are just new into this market then experience would be the one to teach up things and since you are just still noob on where you dont know on how things works then mistakes are really that common and you would really be believing into things which shouldnt really be believed on until you do realize

when you do experience such loss of investment or trades just because you had followed the wrong path.Everything is unpredictable though but doesnt mean
that you cant handle it out.

Bad trades cant be avoided due to unpredictable behavior of the market but there are factors which would really be helpful towards your trading or investment career.

Losses could be normal, no one can afford to escape from this but all have to experience it, more often to happen for noobs. But why we should just stay like a noob? No, we should have to level up our trading skills and knowledge because even though we can't avoid losses but at this level of understanding we can make it minimal but more on the winning side. Think it was a big difference compared to a normal trader like a noob.

With proper understanding you'll be able to increase the chance of your winning trades, unlike with those newbies where they are
in the process ofexploring the market,

But you, since you already have the experienced, you'll have to adopt and keep moving forward. If you made mistake just go on
and not to lose hope there's always an open opportunities for you.

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Quote from: cheezcarls on June 05, 2021, 08:19:28 AM

Same thing. I didn’t do my homework and learn my lesson the hard way. I was too greedy hoping that coin or token will pump even further, but I ended up at a loss because of “too much confident” about that project. Lately, one of my tokens pumped to more than 2x after a month of waiting, and I didn’t hesitate to sell it immediately before it plunges quickly again.

The important thing for me is that I gained profit and buy back the dip rather than being too greedy.

I have some confidence but only for some coins just like BTC and ETH. But many traders had noticed that they can get more profit from new projects compared to the old projects and that is why they have to choose them and take the risk. Sometimes they got lucky, but sometimes also get lost.
I'm not saying to aim a huge profit is a sort of greediness but that was our ambition. I feel what you feel and I think we don't have the right to complain why we lose because this what we choice, to become a trader, a risky job.

cheezcarls

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Same thing. I didn’t do my homework and learn my lesson the hard way. I was too greedy hoping that coin or token will pump even further, but I ended up at a loss because of “too much confident” about that project. Lately, one of my tokens pumped to more than 2x after a month of waiting, and I didn’t hesitate to sell it immediately before it plunges quickly again.

The important thing for me is that I gained profit and buy back the dip rather than being too greedy.

Kong Hey Pakboy

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Quote from: Cling18 on June 03, 2021, 12:21:54 PM

All in all, being unable to handle our emotions has a huge impact on our decisions. In trading, we have to set a certain target and focus on it. Sometimes, we're aiming for more that it even exceeds our target goal which results in losses and regrets in the end. We have to learn how to avoid putting too much emotions in that market's volatility but instead, we should manage how to deal with it.

I think that's the gist of it, I had the same experience too although I was able to take a grip of my emotion and prevented myself making a really bad investment and financial decision that my future self might strangle my past self to death. I think that emotions are a really big part of failing in trading next to being void of knowledge and experience.

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Quote from: matchi2011 on June 04, 2021, 07:54:49 PM

Quote from: Kelvinid on June 04, 2021, 05:48:12 PM

Quote from: Lanatsa on June 04, 2021, 05:30:02 PM

Quote from: el kaka22 on June 04, 2021, 03:09:44 PM

snipped~

When you are just new into this market then experience would be the one to teach up things and since you are just still noob on where you dont know on how things works then mistakes are really that common and you would really be believing into things which shouldnt really be believed on until you do realize

when you do experience such loss of investment or trades just because you had followed the wrong path.Everything is unpredictable though but doesnt mean
that you cant handle it out.

Bad trades cant be avoided due to unpredictable behavior of the market but there are factors which would really be helpful towards your trading or investment career.

Losses could be normal, no one can afford to escape from this but all have to experience it, more often to happen for noobs. But why we should just stay like a noob? No, we should have to level up our trading skills and knowledge because even though we can't avoid losses but at this level of understanding we can make it minimal but more on the winning side. Think it was a big difference compared to a normal trader like a noob.

With proper understanding you'll be able to increase the chance of your winning trades, unlike with those newbies where they are
in the process ofexploring the market,

But you, since you already have the experienced, you'll have to adopt and keep moving forward. If you made mistake just go on
and not to lose hope there's always an open opportunities for you.

I agree, but it takes time to learn it and doesn't quickly figure out how it works. Of course experience in doing something is very important and cannot be ignored either. So as a beginner, of course it takes more time to be able to explore it properly.

with the experience that has been gained, of course, we always experience the usual things when things go wrong, but from there we continue to hone to improve, if without mistakes we will not be able to fix what we have done and explore not to do it anymore. so keep on going and don't need to despair because without it we won't know where to fix things.

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Quote from: Maslate on June 04, 2021, 05:42:23 AM

Quote from: lepbagong on June 04, 2021, 04:50:17 AM

Quote from: Cling18 on June 03, 2021, 12:21:54 PM

All in all, being unable to handle our emotions has a huge impact on our decisions. In trading, we have to set a certain target and focus on it. Sometimes, we're aiming for more that it even exceeds our target goal which results in losses and regrets in the end. We have to learn how to avoid putting too much emotions in that market's volatility but instead, we should manage how to deal with it.

sometimes it will come spontaneously and no one can avoid it but from experience that continues to be done well then such things can be muted and minimized to be able to avoid more fatal things. because it is very important when in any situation emotions can be restrained because it can eliminate the main focus and goal which results in wrong actions, can even be detrimental. by continuing to add experience of course it will be able to be done and will achieve the main goal.

A plan is very important when it comes to trading but somehow, most of the time it turns to nothing and it creates other directions away from what we plan for. It usually happens because of market changes and we often adjust base on the applicability of the trend. And it was too unfortunate that it becomes a reason why we fail and why we lose. We sometimes blame others and hated them, but in the first place, why not blame ourselves? because the truth is that we often make a wrong decision and results in nothing but losses.

I agree with you. Only ourselves are quilty for all our losses. Many times people want to be smart and make risky moves but what was best for me is following the flow of market not betting agains it. Maybe profits are not big but are stady. 90% of people want to make from 100$ a milion.

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Quote from: desmodiAN on May 15, 2021, 05:20:28 AM

a. price went +20% up, we dont sell.

If we are not a holder, this means that we may be too greedy to expect the price to rise higher and higher again and we can get higher and higher profits again. That is why it is better to set a target price of rising. If we are expecting higher profits again, I will prefer to sell at least 75% of the total amount at the targeted price, and then leave the last to hold.
At least, I can still save the funds to make another trading again and get profits from tradings.

Quote from: desmodiAN on May 15, 2021, 05:20:28 AM

b. price went -25% down, we sell.

And this is how a panic sell because of the market down and also FUD. Many people do this, being panic when the price suddenly goes down Grin

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Quote from: Lanatsa on June 04, 2021, 05:30:02 PM

Quote from: el kaka22 on June 04, 2021, 03:09:44 PM

snipped~

When you are just new into this market then experience would be the one to teach up things and since you are just still noob on where you dont know on how things works then mistakes are really that common and you would really be believing into things which shouldnt really be believed on until you do realize

when you do experience such loss of investment or trades just because you had followed the wrong path.Everything is unpredictable though but doesnt mean
that you cant handle it out.

Bad trades cant be avoided due to unpredictable behavior of the market but there are factors which would really be helpful towards your trading or investment career.

Losses could be normal, no one can afford to escape from this but all have to experience it, more often to happen for noobs. But why we should just stay like a noob? No, we should have to level up our trading skills and knowledge because even though we can't avoid losses but at this level of understanding we can make it minimal but more on the winning side. Think it was a big difference compared to a normal trader like a noob.

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Quote from: el kaka22 on June 04, 2021, 03:09:44 PM

Being noob and just trading based on few people you saw on twitter is the biggest reason. In my nation (I do not know about other nations) there are people on social media that give advises on which coin to buy, most of those people share charts and indicators on what will go up or go down, where to buy and where to sell.

Some of them are really good and they make profit more often than not, if they give numbers on at what price to buy and what price to sell, 8 out of 10 times they are right, and sure those 2 loses you money but you make more profit in those 8. However what people do not know is that it is the people that cause this, they give names and those followers go ahead and buy that coin/token and increase it and that is why they are almost always right, these people get paid by projects to promote them, and the group just pumps it and thinks the influencer as smart person.

When you are just new into this market then experience would be the one to teach up things and since you are just still noob on where you dont know on how things works then mistakes are really that common and you would really be believing into things which shouldnt really be believed on until you do realize

when you do experience such loss of investment or trades just because you had followed the wrong path.Everything is unpredictable though but doesnt mean
that you cant handle it out.

Bad trades cant be avoided due to unpredictable behavior of the market but there are factors which would really be helpful towards your trading or investment career.

el kaka22

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Being noob and just trading based on few people you saw on twitter is the biggest reason. In my nation (I do not know about other nations) there are people on social media that give advises on which coin to buy, most of those people share charts and indicators on what will go up or go down, where to buy and where to sell.

Some of them are really good and they make profit more often than not, if they give numbers on at what price to buy and what price to sell, 8 out of 10 times they are right, and sure those 2 loses you money but you make more profit in those 8. However what people do not know is that it is the people that cause this, they give names and those followers go ahead and buy that coin/token and increase it and that is why they are almost always right, these people get paid by projects to promote them, and the group just pumps it and thinks the influencer as smart person.

Maslate

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Quote from: lepbagong on June 04, 2021, 04:50:17 AM

Quote from: Cling18 on June 03, 2021, 12:21:54 PM

All in all, being unable to handle our emotions has a huge impact on our decisions. In trading, we have to set a certain target and focus on it. Sometimes, we're aiming for more that it even exceeds our target goal which results in losses and regrets in the end. We have to learn how to avoid putting too much emotions in that market's volatility but instead, we should manage how to deal with it.

sometimes it will come spontaneously and no one can avoid it but from experience that continues to be done well then such things can be muted and minimized to be able to avoid more fatal things. because it is very important when in any situation emotions can be restrained because it can eliminate the main focus and goal which results in wrong actions, can even be detrimental. by continuing to add experience of course it will be able to be done and will achieve the main goal.

A plan is very important when it comes to trading but somehow, most of the time it turns to nothing and it creates other directions away from what we plan for. It usually happens because of market changes and we often adjust base on the applicability of the trend. And it was too unfortunate that it becomes a reason why we fail and why we lose. We sometimes blame others and hated them, but in the first place, why not blame ourselves? because the truth is that we often make a wrong decision and results in nothing but losses.

lepbagong

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Quote from: Cling18 on June 03, 2021, 12:21:54 PM

All in all, being unable to handle our emotions has a huge impact on our decisions. In trading, we have to set a certain target and focus on it. Sometimes, we're aiming for more that it even exceeds our target goal which results in losses and regrets in the end. We have to learn how to avoid putting too much emotions in that market's volatility but instead, we should manage how to deal with it.

sometimes it will come spontaneously and no one can avoid it but from experience that continues to be done well then such things can be muted and minimized to be able to avoid more fatal things. because it is very important when in any situation emotions can be restrained because it can eliminate the main focus and goal which results in wrong actions, can even be detrimental. by continuing to add experience of course it will be able to be done and will achieve the main goal.

Mauser

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Quote from: Cling18 on June 03, 2021, 12:21:54 PM

All in all, being unable to handle our emotions has a huge impact on our decisions. In trading, we have to set a certain target and focus on it. Sometimes, we're aiming for more that it even exceeds our target goal which results in losses and regrets in the end. We have to learn how to avoid putting too much emotions in that market's volatility but instead, we should manage how to deal with it.

I agree, the biggest issue in trading is if we put too much money on one single coin. There is a lot of risks involved in trading which we can't control. That is why diversification is so important. In general, I try invest in at least 5 different crypto currencies. The same goes for stocks, I don't like to invest in one stock alone, better to spread out. When we are holding more than one coin it is also easier emotionally for us to check our portfolio. The chances that all 5 coins are in red is much lower, then by just holding one coin.

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Quote from: abel1337 on June 03, 2021, 02:06:03 PM

Quote from: Mauser on June 03, 2021, 01:56:27 PM

Quote from: Cling18 on June 03, 2021, 12:21:54 PM

All in all, being unable to handle our emotions has a huge impact on our decisions. In trading, we have to set a certain target and focus on it. Sometimes, we're aiming for more that it even exceeds our target goal which results in losses and regrets in the end. We have to learn how to avoid putting too much emotions in that market's volatility but instead, we should manage how to deal with it.

I agree, the biggest issue in trading is if we put too much money on one single coin. There is a lot of risks involved in trading which we can't control. That is why diversification is so important. In general, I try invest in at least 5 different crypto currencies. The same goes for stocks, I don't like to invest in one stock alone, better to spread out. When we are holding more than one coin it is also easier emotionally for us to check our portfolio. The chances that all 5 coins are in red is much lower, then by just holding one coin.

There is an old saying that "Don't Put All Your Eggs in One Basket". This applies to assets especially on very volatile ones like crypto tokens. I myself lose my whole trading capital before because I put all of my money on a single coin and yeah it is a bad decision that I do, As far as I remember I did somehow regained my losses from diversifying the remaining money and do small trades until I recovered. It was a hellish week because of the stupid decision I did. I hope that everyone gets the lesson of it.

from your experience, of course it is very risky to invest in one coin, but if the pump does provide a satisfactory return. but again trading is not gambling, so we must be able to minimize risk and stay away from greed

Topic: reasons for bad trading - page 7. (Read 1807 times)