Topic: Some Errors We Make In Trading Crypto - page 5. (Read 1284 times)
It is disheartening that scam projects are everywhere at the moment. To avoid making careless mistakes research is the anidote to mistakes. Investing outside research is a poor investment strategy. No good project is known outside research. It's greed that makes one pick up projects blindly
Mistakes are part of life from mistakes we learn but it's very much better if we learn from other persons mistake as you have listed,
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.
Based from the list of the OP, I believe, most of us had experienced a thing or two from the list. Like using exchanges with high withdrawal fees. Sometimes, we can't avoid to use a specific exchange if they are the only trading platform that has trading pair for your coin. So you will end up using that exchange because you have no other option. Not all projects can accommodate to list in several exchanges. Usually, at the start, they will only list it to one exchange that they can afford to pay the fees. But of course, if you have other ways, you can always opt for much better trading platform. This is why for me, I don't consider it as a mistake because most of the time, it is your only option to take.
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Mistakes are part of life from mistakes we learn but it's very much better if we learn from other persons mistake as you have listed,
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.
Based from the list of the OP, I believe, most of us had experienced a thing or two from the list. Like using exchanges with high withdrawal fees. Sometimes, we can't avoid to use a specific exchange if they are the only trading platform that has trading pair for your coin. So you will end up using that exchange because you have no other option. Not all projects can accommodate to list in several exchanges. Usually, at the start, they will only list it to one exchange that they can afford to pay the fees. But of course, if you have other ways, you can always opt for much better trading platform. This is why for me, I don't consider it as a mistake because most of the time, it is your only option to take.
Partial trading is (just as you said above), when you invested in a coin in their ICO or whatever type of fundraising process they used, and are just getting the coin listed for on the first exchange, you probably would want to sell your stash, and buy back at a lower price and sell again and buy again at a Lower price and sell again, one can keep doing this for as long as he or she wants, provided he or she is making profits, This is partial trading to me.
But full time trading is trading on already established coins that are listed on almost every exchange you can come across, this usually requires the trader to do some work like, researching, technical and fundamental analysis to determine whether price is gonna go up or fall, people in this category are called full time traders, they have trading as their primary profession. This are the set of people I had in mind when I made that point of "not to trade on exchanges that take high fees.
Mistakes are part of life from mistakes we learn but it's very much better if we learn from other persons mistake as you have listed,
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.
Based from the list of the OP, I believe, most of us had experienced a thing or two from the list. Like using exchanges with high withdrawal fees. Sometimes, we can't avoid to use a specific exchange if they are the only trading platform that has trading pair for your coin. So you will end up using that exchange because you have no other option. Not all projects can accommodate to list in several exchanges. Usually, at the start, they will only list it to one exchange that they can afford to pay the fees. But of course, if you have other ways, you can always opt for much better trading platform. This is why for me, I don't consider it as a mistake because most of the time, it is your only option to take.
Mistakes are part of life from mistakes we learn but it's very much better if we learn from other persons mistake as you have listed,
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.
There is something I've come to understand about human nature and somehow, we get to bring it to our trades. Most times, we tend to trade based on our loses. By that I mean, in our early days in trading, we are sure to encounter lots and lots of loses and somehow, the idea is always about getting those back right.
That's not entirely wrong, to wish or want to get your money back and by that, you've probably kept records to ensure every penny is accounted gor and as such, you could pin point the point where you gained in or your loses and started making profits. Its a good plan but most times, we fail to realise these recovery process could spam through a long time. We go for shorter and that could be some huge mistake.
It becomes a drive towards some aggressive trading with an experience we do not have and a strategy that is yet to be perfected and the nextvwe know it, we get everything wrong and blame it on the exchange or the market.
On this, patience and consistently learning is the key. You learn from everything put before you!
That's not entirely wrong, to wish or want to get your money back and by that, you've probably kept records to ensure every penny is accounted gor and as such, you could pin point the point where you gained in or your loses and started making profits. Its a good plan but most times, we fail to realise these recovery process could spam through a long time. We go for shorter and that could be some huge mistake.
It becomes a drive towards some aggressive trading with an experience we do not have and a strategy that is yet to be perfected and the nextvwe know it, we get everything wrong and blame it on the exchange or the market.
On this, patience and consistently learning is the key. You learn from everything put before you!
In order to avoid some of this problem in trading crypto we need to always take orientation from the people who specialized in the crypto trading and also get legit info from then time to time in other to guild us with enough research info about crypto trading online..
Errors are something you cannot avoid forever in crypto trading because we learned from our past mistakes to become professional in crypto trading. Many people knew when to buy coins to prepare for a better future through the errors they made some years ago in
Crypto trading, that make them to understood, buy when the price is low and sell when the price is high in the market . Don't allow little errors to make you give up on crypto trading because sometimes those errors happen for you to plan bigger, in away you will never experience errors in crypto trading.
There are always errors in everything we do. For someone who is a trader, it is good to have a relaxed mind, do your research and try to learn from the past experience of people who have been on the platform and trading years before you. It’s really going to be helpful and also we shouldn’t be in a hurry when we are making a decision while trading.Crypto trading, that make them to understood, buy when the price is low and sell when the price is high in the market . Don't allow little errors to make you give up on crypto trading because sometimes those errors happen for you to plan bigger, in away you will never experience errors in crypto trading.
It’s always good to know the right time for us to trade and when we shouldn’t be trading in the market. There are times that the market would be in the worst condition, and if you try to trade. it wouldn’t really end so well. So it’s always best to know all these things so that we wouldn’t fall for it.
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.
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.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.
I think there are legit and famous exchange that has a less fee. The goal to save fee is to trade only on bigger amounts if that's possible and trade only assets that are surely profitable. In case of withdrawals, you might need to save them all first and don't do frequent withdraws so that you will only pay less. There's so many things or hacks that we can do to save when doing crypto trades.
- Crypto is not a get-rich-quick scheme- so seeing it as one is a big error and can lead to a lot of other mistakes and loses.
In truth newcomers need to understand that there is no trading guide that can guarantee them profits, all they must do is learn all there is to and make the right choices, but profit and loss remains a possibility, but when you lose, just learn from it and move on.
Its not a quick rich scheme and this is a business or investment on where you could really make profits in long term or lifetime if you do able to done it well.
- Crypto is not a get-rich-quick scheme- so seeing it as one is a big error and can lead to a lot of other mistakes and loses.
In truth newcomers need to understand that there is no trading guide that can guarantee them profits, all they must do is learn all there is to and make the right choices, but profit and loss remains a possibility, but when you lose, just learn from it and move on.
This is the very same stunt that different questionable trades use, they draw beginners by saying that they have commissions that are a lot of lower than those of huge trades. We generally to realize that no one knows where the market will move to in the following candle hour so having this on a basic level will let you know you need to figure out the exchange yourself.
Beginners with minimal experience will certainly consider commissions as much as they can, without realizing that their safety is at stake. on the other hand, by seeing the fame of their influencers, they easily believe, so they don't hesitate to invest, with their friendly persuasion they seem to hypnotize beginners to invest their capital, so that not a few are tempted by the profits to be obtained and in a relatively short time, even though it's not that easy to make a profit on this business 
This is the very same stunt that different questionable trades use, they draw beginners by saying that they have commissions that are a lot of lower than those of huge trades. We generally to realize that no one knows where the market will move to in the following candle hour so having this on a basic level will let you know you need to figure out the exchange yourself.
Great points i think over leveraging (or leveraging in general) deserves a spot there, so many people fall into this trap of trading with money you don't have thinking they can multiply their winnings but end up losing their entire capital.
The majority who fall the victim of losing their capitals in trading is those who don't know the rudiments of cryptocurrency trading and daily trading, before now i noticed and seen some one who ventured into trading without understanding the protocols, so it's not possible that the person can perform absolutely positive in trading without having a guide, so i think this should be one of the major concern while some people get lost of both capital and profit during trading.. because it's very clear that what leads into lost of capital via trading is lack of information. 
Here are some common habits. As traders we often make these mistakes. I think it will be useful for new traders. I am still pulling that loss by trading under the tendency. Of course, I have learned a lot from the mistakes. A lot of times when the market gives a little pump we start investing and I also think we have to refrain from this type of emotionally trading .
mistakes always did by us, and its common thing in market. everyone make it but only some of us take it as important lesson and improve our knowledge and some of us didnt. the common mistakes that happen usually traders feel fomo and careless about technical side and money management. get rekt finally happen if we still careless about patience. 
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.
Next is to make out some trades and if you are just starting this career then it would really be just typical for you to engage on while learning up everything.Dont make yourself greedy and tend to
mind about having perfect trades coz it cant really just possible to attain such thing. Try to sustain and also mind off about security of your assets.
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.
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.
Going all in is something that a gambler mindset do really had on which its really a bad thing if you do really have this kind of act whenever you do deal with trading.If you do make yourself that impulsive
when it comes to your decisions then you would really be ending up on going all in and act that you are gambling out instead of doing trading.
You would only realize when its too late and there's no way you could able to retreive those losses back unless if you do make out some deposits again for some capital.
We know that mistakes are the best teachers but we should really be minimizing it as small as it should be.
I am not saying that you should stay away from going all-in, but that could be one of the worst things I would do, I wouldn't even consider such a thing. Obviously there are situations where you would have to go all-in with whatever you have left after already putting in so much, that is understandable, like let's say you had 10k, and invested 9.5k of it over course of 3 months, and then you invest the last 500 which would make sense.when it comes to your decisions then you would really be ending up on going all in and act that you are gambling out instead of doing trading.
You would only realize when its too late and there's no way you could able to retreive those losses back unless if you do make out some deposits again for some capital.
We know that mistakes are the best teachers but we should really be minimizing it as small as it should be.
But, that is a situation where you already invested, so it is not "technically" all-in, that's putting the leftover and different situation. I hope that people do not make this mistake of going all-in, but if they want to, I wouldn't stop them.
Sometimes I think lack of research into these crypto projects is another mistake we make , imagine wanting to trade bitcoin but because there are several bitcoin forked coins out there you buy the wrong coin to trade because one of them offers more coins for the dollar but unfortunately you in for the wrong coin.
The other number one mistake or rather weakness is trading with emotions which costs us a great deal, if we can overcome this then ones trading journey can improve.
Those mistakes should be corrected along the way or else you’ll burn all your capital and have a nothing result out of it. Newbies have to deal with those mistakes perfectly and should not be discourage by that losses and continue to learn things. We all have bad experiences when it comes to trading and investing, but look at us now we are doing our best and making good money out of those bad experiences. The other number one mistake or rather weakness is trading with emotions which costs us a great deal, if we can overcome this then ones trading journey can improve.
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