Topic: Some Errors We Make In Trading Crypto (Read 1284 times)
Mistakes in the process of work are quite normal, but you need to be ready to deal with them. When I started working with a broker from Amarkets, I tried to devote enough time to this.
Mistakes in the process of work are quite normal, but you need to be ready to deal with them. When I started working with a broker from Amarkets, I tried to devote enough time to this.
Perhaps, it can't be avoided even though we are too careful on our job and much more in trading where the market is moving in indistinct directions. But, with the help of these mistakes and failure, we come to the point of seeing the light instead of the dark side and that was because we see failure and mistakes is an opportunity to grow. Maybe some have see this negatively but for some people, this is likely a gift and lead for them to improve and even more careful and resourceful.
If you are a kind of progressive person, you will see those mistakes as a building block that manifest
with good inspirations to continue the process, not taking the blame but treat it as a basis on how to avoid doing it repeatedly
but instead, using it as your advantage in enhancing your strategy.
The system should always be positive and not to allow those negative sides to bring you down to continue regretting those
losses that you encounter. Take your time to dig deeper and earn the success.
everyone has experienced mistakes when trading, of course that will make us all learn,
without mistakes trading will not be perfect haha, I also experienced that, one of my biggest mistakes was in 2018,
because the first bear market I experienced made I know what I have to do now.
without mistakes trading will not be perfect haha, I also experienced that, one of my biggest mistakes was in 2018,
because the first bear market I experienced made I know what I have to do now.
When it comes to trading, you have to face different challenges at different times. Many experienced traders face this kind of situation. While trading I still make mistakes, I have to bear the consequences of that mistake. If you think that you will learn from every mistake and apply it in future trading, then that too will be considered as a mistake. This is because it is important to gain detailed knowledge about trading in order to minimize losses in trading.
Mistakes in the process of work are quite normal, but you need to be ready to deal with them. When I started working with a broker from Amarkets, I tried to devote enough time to this.
Perhaps, it can't be avoided even though we are too careful on our job and much more in trading where the market is moving in indistinct directions. But, with the help of these mistakes and failure, we come to the point of seeing the light instead of the dark side and that was because we see failure and mistakes is an opportunity to grow. Maybe some have see this negatively but for some people, this is likely a gift and lead for them to improve and even more careful and resourceful.
I imagine a lot of people in crypto. Everytime crypto sky rocket newbie talking how they taking out loans to buy more crypto... and its always when the coin is at its highest price ever. They think its gonna skyrocket forever? Never understood that kind of risk. Thats like someone that walks into a casino with 100k in money from loans thinking their gonna leave with 200k. They saw the long line of people going in and cashing out getting rich the last month and they fomo hard. Fomo right into forclosure.
Crypto already has a risk of fluctuating prices, especially when it is added to the borrowed capital used to trade in crypto. it's the same as adding to the risk that already exists. Loans will not save when you don't know what to do and don't have the proper knowledge to trade or invest in crypto. Those who make loans to buy more crypto may be stuck at high prices or those who are new in but don't have the capital and loans are an option.
The risk for loss is certainly great if it is not managed properly. Lots of FOMO that would be a deadly trap.
everyone has experienced mistakes when trading, of course that will make us all learn,
without mistakes trading will not be perfect haha, I also experienced that, one of my biggest mistakes was in 2018,
because the first bear market I experienced made I know what I have to do now.
without mistakes trading will not be perfect haha, I also experienced that, one of my biggest mistakes was in 2018,
because the first bear market I experienced made I know what I have to do now.
I imagine a lot of people in crypto. Everytime crypto sky rocket newbie talking how they taking out loans to buy more crypto... and its always when the coin is at its highest price ever. They think its gonna skyrocket forever? Never understood that kind of risk. Thats like someone that walks into a casino with 100k in money from loans thinking their gonna leave with 200k. They saw the long line of people going in and cashing out getting rich the last month and they fomo hard. Fomo right into forclosure.
That's I think it's important to have knowledge and skills before entering the crypto market,crypto is very complex and when the price reaches a high it doesn't mean it will continue to rise because at any time it can drop drastically,
Of course, it will be a bigger risk if you buy it at the highest price, so do your research and analysis before buying
I imagine a lot of people in crypto. Everytime crypto sky rocket newbie talking how they taking out loans to buy more crypto... and its always when the coin is at its highest price ever. They think its gonna skyrocket forever? Never understood that kind of risk. Thats like someone that walks into a casino with 100k in money from loans thinking their gonna leave with 200k. They saw the long line of people going in and cashing out getting rich the last month and they fomo hard. Fomo right into forclosure.
Quote
Crypto is not a get-rich-quick scheme
Having the mindset of investing in crypto to get rich could lead you on the wrong path. You could make wrong decisions which may cause you to lose a lot. Yes, we could possibly gain a good profit but we should never disregard the risks of crypto investment. It isn't a shortcut to success because it will take a lot of courage to deal with the volatility of the market. Trading is a long process of learning so we should have the proper mindset towards it. Gaining some experience is always a good thing, learning and all, they all could make you a better trader or investor in cryptospace.
Quote
Crypto is not a get-rich-quick scheme
Having the mindset of investing in crypto to get rich could lead you on the wrong path. You could make wrong decisions which may cause you to lose a lot. Yes, we could possibly gain a good profit but we should never disregard the risks of crypto investment. It isn't a shortcut to success because it will take a lot of courage to deal with the volatility of the market. Trading is a long process of learning so we should have the proper mindset towards it. A wrong mindset for sure, it's not a shortcut but an opportunity to maximize the potential of gaining
huge amount of benefits. Still, patience and knowledge have a big impact when you are investing in this business, knowing the
right time to put your entry and exit position.
If you have that idea and you are continually enhancing your knowledge, that learning will keep you on the right path.
while patience will always place you in the safe way if you understand how to hold and let go.
Quote
Crypto is not a get-rich-quick scheme
Having the mindset of investing in crypto to get rich could lead you on the wrong path. You could make wrong decisions which may cause you to lose a lot. Yes, we could possibly gain a good profit but we should never disregard the risks of crypto investment. It isn't a shortcut to success because it will take a lot of courage to deal with the volatility of the market. Trading is a long process of learning so we should have the proper mindset towards it. hyips are on trend which easy money was just indeed too attainable in a short time and i havent discovered trading on that time on which it did really make out that kind of impression and once time passed and able to
face up the reality then this is where things or views do change where this isnt something that you could just able to survive if you arent that smart enough in regarding to your actions.
Quote
Crypto is not a get-rich-quick scheme
Having the mindset of investing in crypto to get rich could lead you on the wrong path. You could make wrong decisions which may cause you to lose a lot. Yes, we could possibly gain a good profit but we should never disregard the risks of crypto investment. It isn't a shortcut to success because it will take a lot of courage to deal with the volatility of the market. Trading is a long process of learning so we should have the proper mindset towards it. Unfortunately, mistakes in trading are quite common. But do not forget that in the end this leads to quite positive results, because the trader thus gains experience.
I’m not entirely positive about this statement. The problem is, this is not something where you should keep doing mistakes and learn from it. It’s trading, it’s all about money. The market is hugely mistaken for giving a lot but the thing is it takes from someone and gives to someone. The money does not just comes to your account when you make right trading but it’s because someone is selling or loosing at that particular time. Obviously there are different types of trades and each of them has there own inputs and outputs. But, it’s better to jump into trading once you learn analysis properly.
In general, it is difficult to find a person who would not make mistakes. I would even say that it is impossible. Even when I started working with a broker from Amarkets, at first I worked on a demo account for a long time in order to gain enough experience.
Yep! In my own experience, here in our country we have our own stock market and before I invested some money I use the demo account fund for me to learn the basic things in trading. Trading without even a simple knowledge could be very hard for us in the future, we need to widen up our knowledge so that in times like this (bear market) we will already have backup plans.
surely fucked you up and lose money on your early engagement although it isnt really that avoidable but at least you do lessen out the severity of losing money
which you might able on hardly to make yourself recover or accept it out thats why familiarize and learn up based on your experience and mistakes
and make yourself way more better.
Yep! In my own experience, here in our country we have our own stock market and before I invested some money I use the demo account fund for me to learn the basic things in trading. Trading without even a simple knowledge could be very hard for us in the future, we need to widen up our knowledge so that in times like this (bear market) we will already have backup plans.
I usually set some prices below when there is a decline. the original intention was to only enter with some of the money. and when prices continue to fall eventually have to go all in and save for investment. from the initial short term planning, my mistake turned it for the long term by buying more on the basics.
my main mistake, not using stop loss when placing an order.
In general, it is difficult to find a person who would not make mistakes. I would even say that it is impossible. Even when I started working with a broker from Amarkets, at first I worked on a demo account for a long time in order to gain enough experience.
Yep! In my own experience, here in our country we have our own stock market and before I invested some money I use the demo account fund for me to learn the basic things in trading. Trading without even a simple knowledge could be very hard for us in the future, we need to widen up our knowledge so that in times like this (bear market) we will already have backup plans.
The things that a person needs to keep in mind in order to trade are general knowledge of how much to trade in his shop. If you have to buy coins and sell them at a higher price then they will make a lot of profit. If you trade in this way then you will make a profit.
I have been trading fo like 2 to 3 years now, it is easy to say someone should buy low and sell high which means to buy at low price and sell at high price, that is simple to say, that is just one of the basic things to learn in trading but not an actual way to earn and make profit. A trader can check the market, if not analysed very well, the trade can buy at wrong time or sell at wrong time thinking it is right until he starts and continue to lose. But what you said applied to holding. 
Basically, there are many things that must be considered in trading because trading is not just buying and selling coins,
it is important indeed to have skills in analyzing market movements and that will help us to make a profit,
having a lot of experience is also good to make ourselves develop
The things that a person needs to keep in mind in order to trade are general knowledge of how much to trade in his shop. If you have to buy coins and sell them at a higher price then they will make a lot of profit. If you trade in this way then you will make a profit.it is important indeed to have skills in analyzing market movements and that will help us to make a profit,
having a lot of experience is also good to make ourselves develop
Buying coins isnt something that you could just do without any basis or analysis and selling or buying time is something a decision which would be your toughest choice to be done anytime you would
really need to make out a decision.
Errors and mistakes are common but you should try you best on lessening those risk as much as you could and this is where people do very
in between those profitable and losers.
Basically, there are many things that must be considered in trading because trading is not just buying and selling coins,
it is important indeed to have skills in analyzing market movements and that will help us to make a profit,
having a lot of experience is also good to make ourselves develop
The things that a person needs to keep in mind in order to trade are general knowledge of how much to trade in his shop. If you have to buy coins and sell them at a higher price then they will make a lot of profit. If you trade in this way then you will make a profit. it is important indeed to have skills in analyzing market movements and that will help us to make a profit,
having a lot of experience is also good to make ourselves develop
one of my greatest mistake as a trader is going into a Bullish market for a sell instead of maintaining my Buying position , when my indicator signified pull back in a lower time frame 
......later got hit by my stop loss
If my understanding is correct, bullish seasons are the right time to sell and buying by that time isn't really that good unless there's a higher price during that bull. ......later got hit by my stop lossAs for setting stop loss, that's really the purpose of it.
That's going to minimize the potential losses that you'll get instead of no stopping as the market plunges so it's still a good thing that has happened to you.
But most traders won't use that strategy because they thought they know the market well.
Who would have thought that LUNA will crash this badly?
Aside from few Youtubers who predicted about this Luna catastrophe, a lot of holders were actually hoping to gain from this investment.
But I do agree with the use of stop-loss strategy, it may be your savior in some of your trades.
which means there's a chance for some break even or recovery and thats the main reason on why some people doesnt really intent to make use of this useful tool but for those
who do love scalping or day trading then this tool would really be that relevant or too important. Errors on dealing with the market or simply trades?
There's a lot and you are the ones who do need to learn so that you would able to avoid it for next time.
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