The three biggest mistakes you should avoid - page 13.

nemey

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Quote from: Jatawneh on June 22, 2019, 03:11:35 PM

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.

Very interesting review, but I also think so. Today, the market likely shows its signal of bullrun, but nobody knows exactly behind this very incredible increase of the Bitcoin. So far, altcoins are still following step by step and they still have difficulties to increase significantly, only a few coins that can do that. Avoid those three mistakes if we want to be safe in the crypto market for today condition.

94K

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HiveNet - Distributed Cloud Computing

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.

Perfect35

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Quote from: IParn on June 23, 2019, 02:51:16 PM

I generally think that mistakes should be made because that way you will learn from them the wine if you are told how to do it and you will not learn anything.

Waiting to make mistakes before you learn might be the worse thing you could ever imagine. There are some mistakes that can be very detrimental.
Whatever you lose through such mistake might never be regained again. There are certain things you can learn before going into a thing, instead of you waiting to make mistakes first.

pixie85

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Quote from: IParn on June 23, 2019, 02:51:16 PM

I generally think that mistakes should be made because that way you will learn from them the wine if you are told how to do it and you will not learn anything.

It's always better to learn on other people's mistakes instead of your own. Your attitude is normal for people who made mistakes and are looking to comfort themselves.
Don't cry over spilt milk and spend some time reading and learning so that you won't make more.

The most common mistake new traders make is getting overexcited and rushing in both to buying and selling.

abs350

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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.

vycl87

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Quote from: Jatawneh on June 22, 2019, 03:11:35 PM

Panic Buy/Panic sell.
In both cases, you will lose your money

I think this is the most important thing for investment. It's not easy to implement. I recently invested some money by buying Verasity. And the price showed a decline. But I'm sure we'il have to wait until one day it will rise. But as you said, panic trading is inherent in this market.

IParn

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I generally think that mistakes should be made because that way you will learn from them the wine if you are told how to do it and you will not learn anything.

CryptoLogo

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www.fintropy.io

Newbies make many different mistakes. However, we need to use knowledge of these mistakes to our advantage, because many people make these mistakes. You should have heard something about the FOMO effect.

thd26bct

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To simplify the biggest mistakes in crypto investment, I would say:
- People don't want to get easy money. They want to play hard, lose hard, before they can get hard profits.
- People don't want to get profits from their inactively tradings/ investments. They want to do as many trading orders, investment decisions (in and out), and play hard with margin orders as possible to get profits. In reality, they get losses, rather than profits.
- People don't want to have a happy, non-pressure lives. They want to have huge pressure with their orders/ investments (by using margins and get stucked or liquidated, for example).

Casdinyard

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Quote from: ccsang on June 23, 2019, 01:34:53 AM

Quote from: herfie.chen on June 23, 2019, 01:08:26 AM

Panic Buy/Panic sell that's several times happened to me and maybe many people in crypto. And that is a good lesson so we are more patient.

Why you let this happen several time? You should avoid panic buy and panic sell because it'll cause you lose all of your funds. Look the current bitcoin price, why price suddenly rapid grow? I think people follow the pump and panic buy, believe that price will grow more, but my past experience is don't follow the uptrend because price will dump later.

Certainly, a lot of FOMOs are everywhere trying to ride the train even they knew the risk of hopping in. Although we can't say they're late but it definitely better if they buy few months ago.

How ironic how people think about bitcoin or perhaps they aren't those believers.

Just to add to the list, though it's already cliche but we shouldn't be putting all the eggs in one basket.

michellee

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Panic buy and sell the worst thing that we should avoid. That will make us cannot see a chance to solve the problem, and we could get losses from trading because we buy the coin at a high price. But if you can stay calm in many situations, you don't have to worry, and you can continue to analyze the market so you can see what is happening with the market. After that, you can determine what you need to do, and if you want to buy, I am sure you can get the right price to buy.

christian07

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In investing here in crypto better to study first where you risk your money like search and listen to some users ideas like you can learn in them to earn here still better to decide on your own

And then second always invest really affordable for you then retrieve only what you earn in that and just still hold what you invest before

Then third i think save or hold all of your investment in trusted wallets here in crypto like hardwallet then more for assurance of your security

ccsang

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Quote from: herfie.chen on June 23, 2019, 01:08:26 AM

Panic Buy/Panic sell that's several times happened to me and maybe many people in crypto. And that is a good lesson so we are more patient.

Why you let this happen several time? You should avoid panic buy and panic sell because it'll cause you lose all of your funds. Look the current bitcoin price, why price suddenly rapid grow? I think people follow the pump and panic buy, believe that price will grow more, but my past experience is don't follow the uptrend because price will dump later.

herfie.chen

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simply getting the job done

Panic Buy/Panic sell that's several times happened to me and maybe many people in crypto. And that is a good lesson so we are more patient.

Shatterlean22

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Getting rich in crypto is not easy and don't rely on whatever you get ,be willing to hunt for more because there is no certainty on any token or coin ,rely on your judgment and don't stop learning

aioc

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Quote from: Jatawneh on June 22, 2019, 03:11:35 PM

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.

Panic Buy/Panic sell. Usually happens if you did not invest what you can afford to lose, people choose to be part of the domino effect when they see a good project being manipulated by whales to dump it, I saw a huge dump on CCN and unfortunately for me I follow that and now the price went up 4 times, this happens if you are very eager not to lose.

waynechong1995

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swing!

Experienced all these points every time and was trying to get better at it.

Panic buy/Panic sell - FOMO and FUD is really cancer and i would say maybe 50% of the occurrence your actions would be against your expectation, it basically weakens your rational thinking over a certain position

Capital Management - Manys were bagging and lost track over their funds, some loser had degenerated until a certain point to savage their coldstored shitcoin only rare green days

I would say always pause and think after inputting new info, process it what you have (technical, reason, login) and only decide what to do. Luck wouldn't get your far i believe in long term

Anonylz

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I think the most important to an investor(s) among the above mentioned will be point 1&2,
Especially Don't panic buy/sell, most inexperience investors often make this mistake which they ended up regretting, worst thing that could happen to you is panic sell your token because price is dumping, or jump into a project when the price is pumping, invitation to get rekt,
And only invest what you can afford to loss, don't put your life savings on what you have no clear knowledge about.

Jatawneh

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Quote from: mu_enrico on June 22, 2019, 11:24:02 PM

By the way, cryptocurrency isn't all about exchanges/trading.

cryptocurrency is the technology of the blockchain which i hope will be use in every aspect of our life in the near future,
when i look at cryptocurrency i look at it as a payment means that i hope to use in my real life.

mu_enrico

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1. Thinking that getting rich is easy.
2. Not doing your own research.
3. Trusting random dudes from Youtube/Twitter/Telegram Group.

By the way, cryptocurrency isn't all about exchanges/trading.

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