Topic: The three biggest mistakes you should avoid - page 12. (Read 11287 times)
Every small investor is easy to make the mistake of fomo following the market up or down. It makes them lose the most in all mistakes
It seems to me that you want to enter the market is best to have a mentor. Because I myself am very difficult to make the right choice. Errors need to be done only with the mind.
Not necessarily need mentor, but you can have a better judgment if you got mentor, the most important things you got to prepare before entering the market, always do your own research and don't stop learning, and I think there are more to things to avoid, like avoid investing in crypto because of FOMO, avoid of putting your money in one basket
Taking risks will leave you with more opportunities, it is said. Risk takers will be the one who is presented with more opportunities to get a success than those who fear taking risks. In cryptocurrency, taking risks plays a role as well. So I want to take risks when it comes to investing and choosing a project for a bounty campaign. But take risks in the right time and place is advisable.
I think the biggest mistake, even before all these mistakes you've listed? Is people coming to this forum section and then diving right into trading, without making all the necessary preparations.
People basically killed themselves by rushing into trading before they even understood what Bitcoin was, what the risks were etc. So, no matter what, they were just heading into their mistakes.
People basically killed themselves by rushing into trading before they even understood what Bitcoin was, what the risks were etc. So, no matter what, they were just heading into their mistakes.
- Panic Buy/Panic sell.
In both cases, you will lose your money - Ignore Capital management.
If you ignore Capital management you will be gambler not trader - Following a signal Without risk assessment or stop loss.
You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
by this way you can set Your Own risk and know what you do.
all become lessons for those who have just stepped into the world of crypto trading,
because we have to have great patience, never give up the most important thing, keep trying and keep learning.
- Panic Buy/Panic sell.
In both cases, you will lose your money - Ignore Capital management.
If you ignore Capital management you will be gambler not trader - Following a signal Without risk assessment or stop loss.
You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
by this way you can set Your Own risk and know what you do.
But after 3 months, I suddenly realized that I only had a profit of 2% and that the money didn't help me pay the bills.
so I think we should not monitor those signals. Create your own portfolio and don't listen to anyone.
In this industry very much potential to make money. I think we should dare to take the risk. But you have to be careful in every investment or a Bounty. It's not easy but if you keep fighting and doing research before you participate in Bounty. I guess it will be able to make money though it's a bit.
- Panic Buy/Panic sell.
In both cases, you will lose your money - Ignore Capital management.
If you ignore Capital management you will be gambler not trader - Following a signal Without risk assessment or stop loss.
You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
by this way you can set Your Own risk and know what you do.
Get Prepare to take holiday don't open exchange 2 years from now.
.
Diversification is key to success. Differentiate different genres of cryptos, select a couple of best options among each genre. Invest in all of them though you could maintain a different ratio. Bitcoin has been great on providing fixed profit, whether healthy or not, buying bitcoin when down will give you profit as it goes up.
But it's important to know the timing, there's also chance that you are already thinking that the value is on its dip but suddenly it will dumped more, knowing your investment is far better than investing blindly as you are more likely gambling with chances than expecting the growth.Self confidence will build strong foundations together will your willingness to go beyond and embrace changes from time to time.
panic sell usually occurs because the project does not have good news, the team works slowly so that investors have doubts about the project, because most investors don't have much patience
Not because the project doesn't have good news, but someone panics because of their carelessness and impatience to sell and only thinks of big profits, in my opinion trading like this is always a moment to go up and down, if calm and relaxed do it definitely won't be a mistake or big risk, not because the project does not have good information. - Panic Buy/Panic sell.
In both cases, you will lose your money
Quote
- Following a signal Without risk assessment or stop loss.
You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
by this way you can set Your Own risk and know what you do.
Following signal group doesn't mean they shared accurate results. It is not 100% working all the time. And as usual, our own TA is our basis and those signals are often times our confirmations only. However, at some point those signal groups are beneficial, too. Is is always significant to set stop loss in each entry we've made. That will save us up to our big deficient.
panic sell usually occurs because the project does not have good news, the team works slowly so that investors have doubts about the project, because most investors don't have much patience
Diversification is key to success. Differentiate different genres of cryptos, select a couple of best options among each genre. Invest in all of them though you could maintain a different ratio. Bitcoin has been great on providing fixed profit, whether healthy or not, buying bitcoin when down will give you profit as it goes up.
- Panic Buy/Panic sell.
In both cases, you will lose your money - Ignore Capital management.
If you ignore Capital management you will be gambler not trader - Following a signal Without risk assessment or stop loss.
You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
by this way you can set Your Own risk and know what you do.
Well summarised. Every trader should have a plan before they start and a rule book to follow.
Emotional buying and selling is another thing that brings loss. However good the coin may seem, don't go all in. Diversification should be a compulsion in your rule book.
Remember the golden rule of investment. Keep buying and selling orders in order to grab the profit.
Capital management and panic sell are things that I often experience at the beginning of getting to know crypto trading. Panic sell when the market is stable and also when the market dump is quite a regret when the market conditions start to recover like this.
- Panic Buy/Panic sell.
In both cases, you will lose your money - Ignore Capital management.
If you ignore Capital management you will be gambler not trader - Following a signal Without risk assessment or stop loss.
You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
by this way you can set Your Own risk and know what you do.
I think, Mistake that always made by most crypto investor are panic buying or panic selling. When prices drop sharply, investors tend to be disturbed by psychology and panic selling to save the value of their portfolio.
- Panic Buy/Panic sell.
In both cases, you will lose your money - Ignore Capital management.
If you ignore Capital management you will be gambler not trader - Following a signal Without risk assessment or stop loss.
You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
by this way you can set Your Own risk and know what you do.
I think, Mistake that always made by most crypto investor are panic buying or panic selling. When prices drop sharply, investors tend to be disturbed by psychology and panic selling to save the value of their portfolio.
My biggest ptoblem is capital management. I am ok with strategy, I have vision, I can find right coins and select appropriate time to open position, but I take too big risks and I have nothing to do with it.
Any suggestions for me?
Any suggestions for me?
Mistakes are made but that shouldn't cause you to stay down. You need to learn from your mistakes. One mistake I need you to avoid is panic buy and sell. This can cause you to lose your money.
without investment errors it will not be able to make investors progress and by knowing all the risks we have as investors will have enormous confidence and patience and of course errors will decrease
Totally agree with these. The bad thing that we always make mistake is panicking sell or buy moreover when in this kind of market situation. The Bitcoin is likely signing the bullrun but w don't know whether it will increase again or not. Just follow and analyze the market carefully, be patient, not to be panic a and only follow the hype.
Jump to: