Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.
not a few people who repeat the same mistakes. because some mistakes that occur are not intentional, but because of several factors that make us have to take action. some of the experiences I've had in the past serve as lessons for the present, but I have to repeat the same mistake of talking about need and time for too long so I have to let it go. I always wanted to be consistent so as not to sell if I was still losing money, but circumstances made me do it. 
Topic: Some Errors We Make In Trading Crypto - page 3. (Read 1284 times)
Everyday, errors are made by traders. These errors are inevitable because it's just nature. In real life, people make mistakes that's highly unforgettable. Errors can't be omitted by traders, let's say for a trader who is in a hurry to enter the market and bagged coins, not knowing that their are certain basis that needs to be properly understandable before placing a trade. A trader can omit some vital basis when buying a coin, forgetting to set TA and SL. All these will recurred when the the trader have already open positions with the trade. Also when in a hurry, you can enter a coin when it is high price and sell it when it's low price because of FUD.
If they are a day trader then yes but for the other type of traders mistakes can rarely occur on them most especially if they mastered it already. It's fine to make mistakes as long as you can correct them as soon as possible and make more than what you have lost due to your mistakes.Traders who are hurrying can be a newbie trader because experienced traders are organized and will execute things more calmly. They know that rushing cant do good on them. I think you define FUD wrongly. It must be FOMO where people rush and buy at the top but FUD can cause for someone to sell at lows because they are too scared and thinks the price will dump more according to what they heard.
Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.
Everyday, errors are made by traders. These errors are inevitable because it's just nature. In real life, people make mistakes that's highly unforgettable. Errors can't be omitted by traders, let's say for a trader who is in a hurry to enter the market and bagged coins, not knowing that their are certain basis that needs to be properly understandable before placing a trade. A trader can omit some vital basis when buying a coin, forgetting to set TA and SL. All these will recurred when the the trader have already open positions with the trade. Also when in a hurry, you can enter a coin when it is high price and sell it when it's low price because of FUD.unpredictable market then its really unavoidable to reach or experience such thing.
When you do gain sufficient experience then this is where you do lower the chance or odds on committing mistakes thats why learning and getting
experience would be the key.
Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.
Everyday, errors are made by traders. These errors are inevitable because it's just nature. In real life, people make mistakes that's highly unforgettable. Errors can't be omitted by traders, let's say for a trader who is in a hurry to enter the market and bagged coins, not knowing that their are certain basis that needs to be properly understandable before placing a trade. A trader can omit some vital basis when buying a coin, forgetting to set TA and SL. All these will recurred when the the trader have already open positions with the trade. Also when in a hurry, you can enter a coin when it is high price and sell it when it's low price because of FUD. 
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 more experience, the more prepared we will be to overcome any problems that exist. Psychological strength will also be trained on every trade made. because psychology is also a very crucial thing. Good analysis, good management but unstable psychology, certainly not good. Errors will be reduced when all aspects of trading can be mastered. 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
Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.
Hard learning as it is, those kinds of people will only realize that the market is not an easy venue to earn money.
It's true that if your friend learns something and takes that as a one step forward, they will be able to manifest ideas on how
they can probably earn the right way.
But, if they will not do anything to do better, the chance is just to repeat that same mistake and will continue to lose
more money, it's an own decision that will give opportunities to those who really seek for the betterment of success.
At last, they've learned that it is the reality in the market.It's true that if your friend learns something and takes that as a one step forward, they will be able to manifest ideas on how
they can probably earn the right way.
But, if they will not do anything to do better, the chance is just to repeat that same mistake and will continue to lose
more money, it's an own decision that will give opportunities to those who really seek for the betterment of success.
They're able to experience it and it has validated their own thoughts that it's not an easy going market. Just as the other businesses and investments.
There's the same risk that it has and that's why it's profitable because it has a higher risk that they should also go.
I mean think about it, if you have been trading for men years, already made many mistakes so far and have paid for them with your own money and learned why you did those mistakes. Doesn't that mean that maybe you are already better at it and maybe you won't be making that many mistakes anymore? That is just my guess, but many people will start to make a lot less mistakes eventually and won't fear as much.
Making use of exchanges that has high transaction and withdrawal fees can really be frustrating for someone who is a trader. You manage to make profit from trading and the next thing you are losing a huge part of the profit you have made because of the fees you would have to pay on the exchange for withdrawal and transactions.
So, it’s really important that we choose exchanges with the possible lowest fees so that we wouldn't have to be paying all that much and losing a big chunk of our profit that was made trading on the platform.
So, it’s really important that we choose exchanges with the possible lowest fees so that we wouldn't have to be paying all that much and losing a big chunk of our profit that was made trading on the platform.
But you need to consider the reputation of the exchange itself. Not only look for lowest possible fees but the liquidity itself. Yes, there are exchanges that are charging cheaper fees. But do you think you can execute your orders according to your targets? Because some problem with exchanges is the liquidity, the gap of buy/sell order, also look at the trading fees as well. Better secure your assets by using reliable exchanges rather than look for cheaper fees and you are in doubt if you can ever get out your funds safe.
Quote
- Going all in- it a very bad habit, never ever put all your eggs in one basket. it's a popular saying.
...
60% - BTC
40% - altcoins
Well, mistakes can just be the main reason because we choose the wrong coins but also due to improper fund management. A lack of experience is also a big factor.
Crypto trading mistakes that are done quite a lot are risking all of our capital in just one coin. Even though this way of trading is not effective
and if we choose the wrong coins, we have the risk of losing all the capital we have. Even though Bitcoin is quite safe for trading, that doesn't
mean it's wise to risk everything in Bitcoin. Diversification is very important when trading crypto, it is good enough to allocate 60% in Bitcoin
and the remaining 40% in altcoins, rather than just focus 100% on Bitcoin. By dividing our capital in several coins, it makes us generate
a much more maximum profit.
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
Many things should be learned to trade properly. Skills, knowledge, and mentality are 3 basic things to be improved besides having more experience. A good trader always tries to improve himself because he knows it will be necessary to support his success in trading. Analyzing the market or predicting the next price move cannot be done correctly if a trader has less knowledge, the first thing to improve is the knowledge. While experience can be obtained along with the increasing number of our trading activities. Don't forget to improve our mentality as well.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
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
Actually that is trading all about, to buy and sell coins but it's only up to you if you will up your game. If you will incorporate research and analysis on your trades then chances are you can excel from the majority that simply buys and sells without doing any other things because for them it was only just an accessory or its only optional. 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
In analyzing the market movements, there are some certain things that you can do, there is that technical analysis and there is also fundamental analysis. It's the fundamental analysis is the one that is popular being used especially by the newbies as it is more easier than technical analysis which already involved indicators.
Quote
- Going all in- it a very bad habit, never ever put all your eggs in one basket. it's a popular saying.
...
60% - BTC
40% - altcoins
Well, mistakes can just be the main reason because we choose the wrong coins but also due to improper fund management. A lack of experience is also a big factor.
Quote
- Going all in- it a very bad habit, never ever put all your eggs in one basket. it's a popular saying.
Quote
- Using other people's market signal to trade- doing this saves you alot of time and also makes trading very easy -, but remember, "good things don't come easy, if it does, then it comes a child's play", learn to do your own research, analyze the market, technical and fundamental analysis, learn everything you need to be your own boss in your crypto trading.
You can't trust someone else's signals, whether it's a telegram group or a YouTuber. If you want to trade then gotta learn Technical analysis.
Unfortunately, we often make mistakes in the process of work. In general, I believe that mistakes, to a certain extent, are experience, the path to success. So, it is more important to analyze your mistakes.
mistakes are still normal as long as we can learn from them.Doing analysis or research first is very important to do.
it takes good planning and management to be able to make profitable trades. Errors are also based on mental strength, because when trading it is not only strategy and technical analysis that plays a role, but mental also determines what to do when the analysis is not as expected. Mistakes made while trading can be a lesson not to repeat the same mistakes.
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
This is a very nice information. I have been on demo account to practice the Trading and I was thinking that knowing the market Signal with the candle sticks is the best way to start trading and close Trading but with your information I have known that it not the best method of bitcoin or Crypto Currency trading. And also using another person signal for Trading is a detrimental to one Trading. I support all your six points. That means I have to restructure my mindset to avoid all the strategies you mentioned.
Now that you have said all what will the methods or the strategies to enter a trade or to close a trade. Since you have told us the mistakes what should the solution to the problem so we can do well in our Tradings. Although I am going to make a rigorous research to have more knowledge about Trading. In Trading I Discovered one thing. The more you enter Trading the more it complicated.
Not using other people's trading signals is a good choice, if you already understand how to determine or predict trading prices well. because if you depend on others it will not always be good. Knowledge of technical and fundamental analysis is very necessary.Now that you have said all what will the methods or the strategies to enter a trade or to close a trade. Since you have told us the mistakes what should the solution to the problem so we can do well in our Tradings. Although I am going to make a rigorous research to have more knowledge about Trading. In Trading I Discovered one thing. The more you enter Trading the more it complicated.
Doing research strictly is certainly the method that must be done, because if we don't do research we will not know what is good to invest or not.
Implementing all the rules properly and avoiding some of the mistakes mentioned by the OP will be very helpful, the important thing is to be disciplined with the strategy that has been made from the beginning.
Unfortunately, we often make mistakes in the process of work. In general, I believe that mistakes, to a certain extent, are experience, the path to success. So, it is more important to analyze your mistakes.
mistakes are still normal as long as we can learn from them.Doing analysis or research first is very important to do.
it takes good planning and management to be able to make profitable trades. Errors are also based on mental strength, because when trading it is not only strategy and technical analysis that plays a role, but mental also determines what to do when the analysis is not as expected. Mistakes made while trading can be a lesson not to repeat the same mistakes.
Unfortunately, we often make mistakes in the process of work. In general, I believe that mistakes, to a certain extent, are experience, the path to success. So, it is more important to analyze your mistakes.
This is a very nice information. I have been on demo account to practice the Trading and I was thinking that knowing the market Signal with the candle sticks is the best way to start trading and close Trading but with your information I have known that it not the best method of bitcoin or Crypto Currency trading. And also using another person signal for Trading is a detrimental to one Trading. I support all your six points. That means I have to restructure my mindset to avoid all the strategies you mentioned.
Now that you have said all what will the methods or the strategies to enter a trade or to close a trade. Since you have told us the mistakes what should the solution to the problem so we can do well in our Tradings. Although I am going to make a rigorous research to have more knowledge about Trading. In Trading I Discovered one thing. The more you enter Trading the more it complicated.
Now that you have said all what will the methods or the strategies to enter a trade or to close a trade. Since you have told us the mistakes what should the solution to the problem so we can do well in our Tradings. Although I am going to make a rigorous research to have more knowledge about Trading. In Trading I Discovered one thing. The more you enter Trading the more it complicated.
Quote
Purchasing a coin mainly because it's price is low- many people avoid buying coins like bitcoin, Ethereum, bnb because they feel the price is already too high, so they opt for Shiba inu kind of coins which give them billions of coin for a dollar, only for the developers to abandon the project after few months, and they end up loosing their money- don't do this, it's a very bad habit, and the result of making this kind of mistake can be very expensive most times.
I can relate to this one as I’m in a habit of doing that and feel that I am already too late. I did bought ETH last early 2020 when it was still around $180 to $200 until it grew more than 15x. But of course, I bid goodbye to my ETH because my wallet was hacked due to the malware that I accidentally clicked. Now I am trying to build myself back up again to raise amounts of money that was lost during the hack.
However, we can’t just say that the rest of the altcoins in the market are useless. If you look at GALA, I have seen a post that a seaman bought GALA tokens around $300 worth during it’s early stages. But as he returned several months from the ship, his GALA tokens grew multiple fold.
DCA (dollar cost averaging) is one of my plans these days when I can finally afford to put an amount of funds every month in BTC regardless of the price.
~snip~
The list above is derived solely from my own personal observations and experiences, feel free do add yours.
- Going all in- it a very bad habit, never ever put all your eggs in one basket. it's a popular saying.
- Crypto is not a get-rich-quick scheme
- Purchasing a coin mainly because it's price is low
- Being a victim to scam/con artists
- Using other people's market signal to trade-
- Making use of exchanges with high transaction/withdrawal fees -
The list above is derived solely from my own personal observations and experiences, feel free do add yours.
It's 100% agreed by me, many things we will face that make us not get profit but instead lose our capital. Choosing the right exchange or trusted exchange is included because we should know that when we trade in an exchange there's a guarantee our funds are safe and covered by the exchange itself in the case when the exchange got hacked.
actually there are now many popular and trusted exchanges such as Binance, Huobi, and others,
the exchange is much more secure and has a good level of security
Jump to: