Being too cocky and thinking that trading is an easy thing to do and that there's no way that you can probably fail from doing it just because you follow the principal of buying low and selling high.
One of the main goals of trading is to invest at a lower price and sell at a higher price. In that case you must gain knowledge about project development. There are many investors who do not sell even after the price increases in the hope of making extra profit, they face losses later on. 
Topic: Some trading mistakes beginners make (Read 693 times)
In particular, all the traders who enter trading without gaining knowledge directly, face losses instead of gains. Usually, if you invest in a worthless project without having an idea about the project, you will face huge losses. Which is a big mistake in cryptocurrency.
of course that is the most important thing and almost everyone who trades of course already has an overview and even a little knowledge of trading.behind that there will be many more things that must be learned before trading, namely targeting yourself and also being able to control emotions in yourself not to be greedy and also positive experiences from friends who traded first, which I think is very important to take.
In particular, all the traders who enter trading without gaining knowledge directly, face losses instead of gains. Usually, if you invest in a worthless project without having an idea about the project, you will face huge losses. Which is a big mistake in cryptocurrency.
I read what you have concluded from the beginner's way of trading. I am confused, did the beginners not learn any trading skills at all? so all trading mistakes happen to them. I hope beginners always have some basic learning before jumping into trading. All require certain processes and stages, it is impossible for those who are new to crypto trading to be successful immediately. However, minimizing errors so as not to lose big.
- Not doing analysis:
- Revenge trading:
- Trading pump and dump coins
- Not keeping a trading diary
- Not having a target when trading
- Trading futures too early
- Entering many trades at once
- Not using stop lose
Yes, they are the real common mistakes, actually not only by the beginners but also many traders so far.- Revenge trading:
- Trading pump and dump coins
- Not keeping a trading diary
- Not having a target when trading
- Trading futures too early
- Entering many trades at once
- Not using stop lose
Although everyone may not have those all, in fact, some of the reasons can also make us in the higher risks.
Not doing analysis is the first thing that actually commonly happens moreover if we only know the coins from media or with the hype situation. This will be very risky to take, but in fact the beginners or some of us like so much this kind of trading. They only think about getting profits soon but without analyzing the coins whether they are exactly good or not.
About the trading diary, I think that this is such kind of trading management about the funds, times, and also history. yeah, this will be important in order to make some evaluations.
And about other reason are reasonable enough.
Once more, the emotional and thinking of trading itself will be also very influencing in trading and many people only focus in profits at first, not knowledge or even good emotion management.
OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.
Indeed right! Crypto is a game of win and lose and mostly, newbies are the loser due to lack of knowledge to trade with wrong perception. In trading, we should know both technical and fundamental analysis to avoid huge losses. Then while trading, it's also significant to accumulate more knowledge and strategies to become more subtle.
Many novices and emerging stock traders go all out in a market with high profit expectations, but soon find that sustained money is not as easy as they expected. For some people, this perception can be very frustrating, especially since few pursuits can stimulate human emotions as important as transactions. The prospect of making money tends to attract people into the trading arena, but the reality of losses may quickly act as a deterrent.
Yes. Newbies are very agressive to trade knowing they have high confidence in themselves but when they start losing, these weak hands realized that making profits in trading is never an easy task. While others tend to improve their knowledge through continuous learning and gaining more experiences to learn, other traders chose to easily quit from trading because they can't bear seeing themselves lose another capital again. If this is the mindset of new traders, they will never be good in trading as they are more afraid on losing their own money.
Many novices and emerging stock traders go all out in a market with high profit expectations, but soon find that sustained money is not as easy as they expected. For some people, this perception can be very frustrating, especially since few pursuits can stimulate human emotions as important as transactions. The prospect of making money tends to attract people into the trading arena, but the reality of losses may quickly act as a deterrent.
Another newbie mistake is they think trading as gambling and keep all things to luck. They even don't think that trading works on strategy there is no anything related to luck. They think that they can find a token like shib and give them 100x.
Funny enough this is so true, there are lots of newbie traders who really don’t think about strategies on how they should go about their trading. They just jump into it straight off and thinking that it’s just their luck that is going to get them the money.Some of them keep on looking for tokens like shib, and I usually see them asking questions like this in the forum - how they can go about finding new projects that have not launched yet, so that they can invest earlier and be able to hold these assets till they become a popular asset and increase in value. The mindset they are having is not good at all, because things don’t work that way. Everything is about strategy and knowing the right thing to do.
OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.
Indeed right! Crypto is a game of win and lose and mostly, newbies are the loser due to lack of knowledge to trade with wrong perception. In trading, we should know both technical and fundamental analysis to avoid huge losses. Then while trading, it's also significant to accumulate more knowledge and strategies to become more subtle.
OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.
Indeed right! Crypto is a game of win and lose and mostly, newbies are the loser due to lack of knowledge to trade with wrong perception. In trading, we should know both technical and fundamental analysis to avoid huge losses. Then while trading, it's also significant to accumulate more knowledge and strategies to become more subtle.
That mistake isn't just for newbies.
Even with experience, people would come out being greedy and they tend to lose.
Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.
Yes, mistakes can certainly happen to anyone, whether you are just starting out or even old and have experience,Even with experience, people would come out being greedy and they tend to lose.
Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.
the only one who can control ourselves, of course, is ourselves, although doing so is not something easy,
What is clear is that every trader, both beginners and old, must continue to learn and control themselves
That's why traders who stay are still fine and want to learn more not just with the experience of others but as well as experience of their own.
They're making a lot of experiences through that and that's why they've chosen to control themselves and stay in the market.
The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.
Avoid being greedy.It will not do you good and have the attitude of contentment.
That attitude will save you in times that you're feeling greedy. Because if you're having that setback of emotion, that will make you realize that you have to take your profit.
But for newbies, they make themselves out of control, they are getting more emotional when seeing such opportunity and that was the beginning. If they just know how to control their emotions, that was not a problem anymore, however, it won't.
Even with experience, people would come out being greedy and they tend to lose.
Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.
the only one who can control ourselves, of course, is ourselves, although doing so is not something easy,
What is clear is that every trader, both beginners and old, must continue to learn and control themselves
I think greed is the most detrimental factor that can negatively affect trading.
The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.
Avoid being greedy.It will not do you good and have the attitude of contentment.
That attitude will save you in times that you're feeling greedy. Because if you're having that setback of emotion, that will make you realize that you have to take your profit.
But for newbies, they make themselves out of control, they are getting more emotional when seeing such opportunity and that was the beginning. If they just know how to control their emotions, that was not a problem anymore, however, it won't.
Even with experience, people would come out being greedy and they tend to lose.
Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.
to control yourself then you would really be ending up on on committing these mistakes just like on what those noobs had able to do so.
Its unavoidable on some aspects but once you do gain up experience and awareness then this is where things to get changed.
Another newbie mistake is they think trading as gambling and keep all things to luck. They even don't think that trading works on strategy there is no anything related to luck. They think that they can find a token like shib and give them 100x.
This is not just a beginner's mistake because I have seen even experienced traders are making trades just by believing into their guts and luck factor. When they are making profits from 1 or 2 trades then they do develop over confident about their skill levels and then start trading without the help of technical analysis and most time just believing into their luck factor and eventually biting the dust in the end.Always depending on technical analysis for both entry and exit levels will help. We need to remain learners about new things in trading otherwise we will start committing mistakes; it is common for both beginners and experienced traders.
Another newbie mistake is they think trading as gambling and keep all things to luck. They even don't think that trading works on strategy there is no anything related to luck. They think that they can find a token like shib and give them 100x.
The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.
Avoid being greedy.It will not do you good and have the attitude of contentment.
That attitude will save you in times that you're feeling greedy. Because if you're having that setback of emotion, that will make you realize that you have to take your profit.
But for newbies, they make themselves out of control, they are getting more emotional when seeing such opportunity and that was the beginning. If they just know how to control their emotions, that was not a problem anymore, however, it won't.
Even with experience, people would come out being greedy and they tend to lose.
Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.
yes, what you say is very true. however, beginners have basically no experience because they are just starting out in trading. so beginners must have instructors who are able to provide good education. The key for beginners is to be able to control their emotions, especially when a loss occurs they take steps to make a revenge trade. this is very problematic with their trade management.
If a person does not have own thoughts and experience regarding trading then it is hard to get success. Actually the person who for the first time involves in trading generally get agree with the fake news and does not investigate about that thing. So concentrate on fake news may be great cause and big mistake that the newbies do in trading. They even do not wait for the value of coin to rise and immediately sell it for low price so in this way they also lose money as it is not good thing.
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