Some trading mistakes beginners make - page 3.

Fredomago

legendary

Activity: 2954

Merit: 1050

Leading Crypto Sports Betting & Casino Platform

Quote from: LUCKMCFLY on September 16, 2021, 02:45:06 PM

One of the most common mistakes that few recognize or say is when the entire strategy is correct, and when the objective is met, the order is not executed, either "Stop Loss" and "Take Profit", this is very common. when the tools that the exchange has is not known or is not handled well, and sometimes by not knowing how to use these tools, money is lost.

Many recommend before trading, go to the platform where the negotiations will be made, and be able to make some trades with play money, usually nobody follows these tips, they just want to enter and trade and feel the adrenaline that you are in the market, sometimes by hurrying you lose money, and by something as basic as knowing how the stop loss, stop limit, stop market works well, and even for taking profits.

Adrenaline or the hypes that lead you to the market, by influenced or by anything that quickly jump in without any concrete or proper education with this venue of business. A very big mistake indeed. You are a hard earned money that can be burned in just a split of your eyes, many traders who failed doing research are the one who mostly victimized by this kind of failures.

In any business, without knowledge and the right sets of tools, it will lead you to keep losing your money. Never to think that luck may be there for you if you invest much earlier.

Focus on deeper knowledge, with the right practices and with skills that you've learned from doing your research. The chance is far better
than those who rush things up.

LUCKMCFLY

legendary

Activity: 2394

Merit: 1848

Leading Crypto Sports Betting & Casino Platform

One of the most common mistakes that few recognize or say is when the entire strategy is correct, and when the objective is met, the order is not executed, either "Stop Loss" and "Take Profit", this is very common. when the tools that the exchange has is not known or is not handled well, and sometimes by not knowing how to use these tools, money is lost.

Many recommend before trading, go to the platform where the negotiations will be made, and be able to make some trades with play money, usually nobody follows these tips, they just want to enter and trade and feel the adrenaline that you are in the market, sometimes by hurrying you lose money, and by something as basic as knowing how the stop loss, stop limit, stop market works well, and even for taking profits.

nurilham

sr. member

Activity: 1428

Merit: 436

duelbits.com

basically, there are Riska in trading and our obligation is to avoid these risks. therefore it is important before trading then learn and understand trading well first. we do not have to rush with the results because it can be likened to us new people who are trying. the most important thing is to stay alert and don't be in a hurry to act so we can handle assets well. The mistakes can happen anytime and anywhere, don't be easily provoked by situations that make us rush and greedy.

traderethereum

hero member

Activity: 2870

Merit: 574

Quote from: olib123 on September 16, 2021, 01:55:23 AM

Not only newbies do mistake sometimes experienced person do after all we are human. Mistake is not bad thing you can take knowledge and experience from your mistake . But the topic is what the mistake newbies do so i think when I was a newbie or I also saw some newbies that they have a greedy plans, impatience, panic, don't have strategies and plans, and the most important they lack the will power of knowledge about Bitcoin works.

All of us making a mistake related to trading but the difference is how we can realize the mistake and learn how to avoid the mistake although we can make another mistake in the future.
But as long as we can keep learning from mistakes, that can help us to grow and can improve our skills in trading so we will have more experience to prevent or minimize the impact from the mistake.
All professional traders start as a newbie and when they want to learn from other people, especially learning from their mistakes, that will help them to have a better analysis.
Greedy, impatience, panic, just follow other suggestions is something that is always behind us but if we can manage all of that, I am sure that we do not have to worry.

olib123

member

Activity: 183

Merit: 14

Chainjoes.com

Not only newbies do mistake sometimes experienced person do after all we are human. Mistake is not bad thing you can take knowledge and experience from your mistake . But the topic is what the mistake newbies do so i think when I was a newbie or I also saw some newbies that they have a greedy plans, impatience, panic, don't have strategies and plans, and the most important they lack the will power of knowledge about Bitcoin works.

boyptc

hero member

Activity: 2982

Merit: 678

★Bitvest.io★ Play Plinko or Invest!

Quote from: sherenikaw on September 14, 2021, 07:14:46 PM

There are several important points in trading so that you can get a profit. if we have learned correctly and traded correctly then we will get the results. it is true what is said that for a novice trader or old player we must remain careful and do not get carried away with the market, we know that the crypto market is up and down and we must be able to learn to understand it well. Don't be afraid of one failure in trading and use it as a lesson in the future so that you can become more proficient.

Everyone has to be careful with their trades. It's not just newbies that are making a mistake but it is everyone even the old traders. And in fact, as they trader, there are more of them that are losing rather than making a profit.

That's why in every way, old or new, always be careful and learn more about your trades before locking that order.

Quidat

hero member

Activity: 2548

Merit: 533

Quote from: ultrloa on September 14, 2021, 07:19:59 PM

Quote from: Hypnosis00 on September 13, 2021, 07:42:18 PM

Quote from: Hamphser on September 13, 2021, 05:44:24 PM

Quote from: tvplus006 on September 13, 2021, 04:57:40 PM

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

FOMO is also a reason on where they dont really like to simply miss out the train and they havent considered on buying up while its still cheap or in deep reds but only into those times where it is really mooning.Common

newbie mistake on where they do believe that easy money does exist or possible on this market but as mentioned above that you would really need to work hard and work smart for you to achieve bigger profits.
Somehow committing mistakes could give out some lesson which makes you a better investor or trader later on.

I can't blame them for being aggressive as they still don't know how the market really works. But what I think is a need for them to experience the hard times for the sake to gain more experience and to clearly visualize how the market moved. If they couldn't experience this thing, then they will keep in mind that trading is very easy and less risky.

Trading is totally hard to get perfected, even experts can't do it. Newbies? Beginners? They'll surely have this experience before they understand how trading works.

And they always think about getting more profits when they do hold since sometimes the project they follow always been hyping up by their supporters to hold so that they can get get rich or have a lambo on future that's why many got stuck bag holding those shit tokens and that's a bad move mostly happen to all newbies. That's why if we experience that we should keep in mind that holding is only best for top alts and if we are dealing with new better sell it if there's a chance to earn so that we can secure our profits.

If you are a noob which doesnt really get easily hooked up by someones suggestion or really going into those things which do really look for you to earn money on fastest way then you are really
making yourself get proned on getting scammed or ending up on holding lots of shitcoins on your bag.This is something a very common scenario or event on where people do really experience
it first whenever they do touched up this market. Making money is hard and dont think that trading is something a very basic buy and sell because it isnt really simple as it sounds.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: bakasabo on September 13, 2021, 03:01:29 AM

I think that the biggest mistake beginners make is tying to catch a riding train. They usually buy altcoins or bitcoin after a long hesitation, they buy cryptocurrency that is on hype or by following their rule "everyone buys it and I must do the same. everyone cant be wrong". Less important, but still a common mistake - doing something without a strict plan. Under the pressure of emotions, beginners perform trades. That is totally wrong.

This is critical, success is planned, many people do not understand this as they see those that have achieved success and they think they got there because of luck, connections or money and they think they will never be able to achieve the same, but the real reason is that those that get to the top do so because that is what they wanted and they did everything they could to get there and they devised strategies for this to happen, and the same it true when it comes to trading, you cannot just make trades, you need a plan for each trade and if you do not have it then the market will decide one for you, which in most instances it runs contrary to what you actually want.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Hypnosis00 on September 13, 2021, 07:42:18 PM

Quote from: Hamphser on September 13, 2021, 05:44:24 PM

Quote from: tvplus006 on September 13, 2021, 04:57:40 PM

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

FOMO is also a reason on where they dont really like to simply miss out the train and they havent considered on buying up while its still cheap or in deep reds but only into those times where it is really mooning.Common

newbie mistake on where they do believe that easy money does exist or possible on this market but as mentioned above that you would really need to work hard and work smart for you to achieve bigger profits.
Somehow committing mistakes could give out some lesson which makes you a better investor or trader later on.

I can't blame them for being aggressive as they still don't know how the market really works. But what I think is a need for them to experience the hard times for the sake to gain more experience and to clearly visualize how the market moved. If they couldn't experience this thing, then they will keep in mind that trading is very easy and less risky.

Trading is totally hard to get perfected, even experts can't do it. Newbies? Beginners? They'll surely have this experience before they understand how trading works.

And they always think about getting more profits when they do hold since sometimes the project they follow always been hyping up by their supporters to hold so that they can get get rich or have a lambo on future that's why many got stuck bag holding those shit tokens and that's a bad move mostly happen to all newbies. That's why if we experience that we should keep in mind that holding is only best for top alts and if we are dealing with new better sell it if there's a chance to earn so that we can secure our profits.

sherenikaw

member

Activity: 630

Merit: 10

rocket.hashbon.com

There are several important points in trading so that you can get a profit. if we have learned correctly and traded correctly then we will get the results. it is true what is said that for a novice trader or old player we must remain careful and do not get carried away with the market, we know that the crypto market is up and down and we must be able to learn to understand it well. Don't be afraid of one failure in trading and use it as a lesson in the future so that you can become more proficient.

Hypnosis00

sr. member

Activity: 2338

Merit: 338

Quote from: Hamphser on September 13, 2021, 05:44:24 PM

Quote from: tvplus006 on September 13, 2021, 04:57:40 PM

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

FOMO is also a reason on where they dont really like to simply miss out the train and they havent considered on buying up while its still cheap or in deep reds but only into those times where it is really mooning.Common

newbie mistake on where they do believe that easy money does exist or possible on this market but as mentioned above that you would really need to work hard and work smart for you to achieve bigger profits.
Somehow committing mistakes could give out some lesson which makes you a better investor or trader later on.

I can't blame them for being aggressive as they still don't know how the market really works. But what I think is a need for them to experience the hard times for the sake to gain more experience and to clearly visualize how the market moved. If they couldn't experience this thing, then they will keep in mind that trading is very easy and less risky.

Trading is totally hard to get perfected, even experts can't do it. Newbies? Beginners? They'll surely have this experience before they understand how trading works.

Hamphser

sr. member

Activity: 2436

Merit: 324

Quote from: tvplus006 on September 13, 2021, 04:57:40 PM

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

FOMO is also a reason on where they dont really like to simply miss out the train and they havent considered on buying up while its still cheap or in deep reds but only into those times where it is really mooning.Common

newbie mistake on where they do believe that easy money does exist or possible on this market but as mentioned above that you would really need to work hard and work smart for you to achieve bigger profits.
Somehow committing mistakes could give out some lesson which makes you a better investor or trader later on.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

Lanatsa

hero member

Activity: 2786

Merit: 646

Quote from: maju69 on September 13, 2021, 03:22:18 PM

Quote from: checkmatesir on September 08, 2021, 10:50:47 AM

I think a better post to talk about because every trader can learn from its mistakes and the traders who are newbies didn't made a mistake since now then they didn't know about trading really well. But the most important thing for newbie i would suggest is that they should not lose their patience and that is it.

Well you are right beginners can learn from mistakes, but not all beginners realize what they are doing in a hurry as if they don't want to lose profits as they have traded before. That thought becomes a kind of shadow and target that beginners should follow. That's the selfishness of some beginners. Our task when it is longer, can give them a kind of warning that trading is different from real trading in stores. With all the risks, it must be really understood.

Some do learn and some do stick out on the same mistakes committing again and again which is really dumb to think off.We do all start on being a noob and not a pro which means mistakes are really that

normal but there are people who cant just accept mistakes and pursue on things on what they do have in mind which it do results in further more losses.

Common reason of such mistake due to lack of knowledge and also mainly talks about greediness and high expectation on making money too easily.

maju69

full member

Activity: 1008

Merit: 104

Quote from: checkmatesir on September 08, 2021, 10:50:47 AM

I think a better post to talk about because every trader can learn from its mistakes and the traders who are newbies didn't made a mistake since now then they didn't know about trading really well. But the most important thing for newbie i would suggest is that they should not lose their patience and that is it.

Well you are right beginners can learn from mistakes, but not all beginners realize what they are doing in a hurry as if they don't want to lose profits as they have traded before. That thought becomes a kind of shadow and target that beginners should follow. That's the selfishness of some beginners. Our task when it is longer, can give them a kind of warning that trading is different from real trading in stores. With all the risks, it must be really understood.

finaleshot2016

legendary

Activity: 1722

Merit: 1007

Degen in the Space

Quote from: bakasabo on September 13, 2021, 03:01:29 AM

I think that the biggest mistake beginners make is tying to catch a riding train. They usually buy altcoins or bitcoin after a long hesitation, they buy cryptocurrency that is on hype or by following their rule "everyone buys it and I must do the same. everyone cant be wrong". Less important, but still a common mistake - doing something without a strict plan. Under the pressure of emotions, beginners perform trades. That is totally wrong.

We call it fomo'd in here.

FOMO stands for fear of missing out, and people are getting fomo'd in the market and trying to buy even though it isn't the right time to buy, which is a common mistake made by many beginners. They mistakenly believe that purchasing cryptocurrency simply because it is trendy will result in a quick profit, but they are mistaken; they have placed their money in a difficult situation. That's why we should always DYOR especially if we're just beginners, don't believe in others just because they've done it, make sure to do your research first.

skarais

legendary

Activity: 2464

Merit: 2094

Quote from: bakasabo on September 13, 2021, 03:01:29 AM

I think that the biggest mistake beginners make is tying to catch a riding train. They usually buy altcoins or bitcoin after a long hesitation, they buy cryptocurrency that is on hype or by following their rule "everyone buys it and I must do the same. everyone cant be wrong". Less important, but still a common mistake - doing something without a strict plan. Under the pressure of emotions, beginners perform trades. That is totally wrong.

Trading is very different from investing. If a beginner wants to trade crypto, then they should really prepare themselves well to deal with price fluctuations in the market without getting carried away by emotions and being influenced by FOMO and others. Emotions are really a common reason why traders lose control when they want to buy and sell and it's not just experienced by beginners as every swordsman will probably experience it too. Emotions, greed, not having enough knowledge are some of the reasons that cause beginners to make mistakes in trading. I also think of some other mistakes like how they secure the assets they buy.

fullhdpixel

hero member

Activity: 2786

Merit: 606

Quote from: Issa56 on September 07, 2021, 03:57:31 AM

Not doing analysis: Many people, especially newbies, have lost a lot of money in trading due to their inability to analyze the coin they are about to trade. You should know a lot about the coin and have done a lot of research on it, including all-time highs and lows, total supply, trading volume, and what the coin is used for, among other things. So, before buying a coin, do your research. Don't just jump into a trade without knowing anything about the coin.

Not doing analysis is a common thing with a lot of traders these days, a lot of them we place a trade and they won't do analysis to know whether it's going to be right or wrong. Yes, I do know that doing analysis won’t give you 100% of the answer that you are looking for, Bradley, she will get to know what’s likely to happen and what's not. So, it is very important to make use of both technical and fundamental analysis as a trader. And then if you don’t know what you are doing is best to avoid pump and dump coins, unless you're really sure that you know what you are doing. I’ve seen a lot of people who unlucky with all those pump and dumps and end up losing a lot of money from it.

haidil

sr. member

Activity: 784

Merit: 252

Quote from: Hippocrypto on September 12, 2021, 07:35:36 PM

Quote from: Rana590 on September 12, 2021, 01:23:48 PM

Newbies make a lot of mistake but wishing for high profit in a single day is the best one. We shouldn't try to make huge profit in a single day. We need to choice best trading pair and generate a minimum amount of money daily. It will help us to see the progress of our trading.

Indeed, choosing those good trading market will definitely give us hope in order to gain good outcome on our profit. However, commiting mistakes is really unavoidable when you're a newbie so we must learn from every errors we had. To prevent reoccurring problems, don't ignore those certain circumstances that leads us to bad situation. Keep your eyes closer and be careful in you every moves towards trading.

So in the exchange there are always trading options available, one of which is Binance providing classic trading as well as special trading for professionals. That way the suitability of beginners can be overcome by choosing a trading method that suits their abilities. But that doesn't mean it can avoid losses, because after all the trading portion will return to someone's skill in trading.

bakasabo

legendary

Activity: 2296

Merit: 1176

I think that the biggest mistake beginners make is tying to catch a riding train. They usually buy altcoins or bitcoin after a long hesitation, they buy cryptocurrency that is on hype or by following their rule "everyone buys it and I must do the same. everyone cant be wrong". Less important, but still a common mistake - doing something without a strict plan. Under the pressure of emotions, beginners perform trades. That is totally wrong.

Topic: Some trading mistakes beginners make - page 3. (Read 633 times)