The three biggest mistakes you should avoid - page 3.

armanhusni

full member

Activity: 644

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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.

I agree with your opinion in this thread, because many people like gamblers are not traders, they do a trade not in accordance with capital management, and so many people have to lose their assets because of opening panic sell / panic buy at a certain price, they should be more patient in order to get a profit, because to be success requires a lot of patience.

Nnuego

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Activity: 266

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Quote from: Shatterlean22 on June 23, 2019, 01:05:59 AM

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

Nothing in life seems easy but crypto is the sure way of becoming rich. Those that still doubt crypto will lick their wounds later. Only ‘fools’ make the millions and the billions in life, ‘wise’ men don’t. They are historians and analysts that earn them the paralysis of analysis, hence they are POOR (Passing Over Opportunities Repeatedly). Crypto is all about hodling while your deal mature

gurunanakji777

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SOL.BIOKRIPT.COM

I agree with you. These are the common mistakes that one traders does while trading. Even it can be avoided by remain patient, by following proper money management, control greediness and always trust your own analysis

Delilonia1

member

Activity: 463

Merit: 11

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.

I totally agree with you on this post. Nothing is more disastrous than any of the things highlighted here. There is no beauty in trading if it goes down like this. One will soon be left with regrets at the end of the day wishing some decisions were not made out of panic or fear of the unknown

ajja

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Activity: 294

Merit: 101

panic sell is the most common, even I often so, what you said is true, I totally agree. from that all the most important in my opinion is the belief and commitment to an investment and where the investment we choose. investing in crypto is very risky but the risk is worth the benefits we will get.

Rahib khan

newbie

Activity: 286

Merit: 0

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.

Cryptocurrency is risky to invest here with money you don't care and then you can make money thx for your advice

RiskoMania

newbie

Activity: 70

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Quote from: FloatOn70s on August 12, 2019, 05:02:56 AM

Quote from: RiskoMania on August 12, 2019, 04:57:13 AM

Quote from: FloatOn70s on August 12, 2019, 04:55:09 AM

Quote from: RiskoMania on August 12, 2019, 04:50:50 AM

Sure, moreover, if you are interested in this sphere, I can give you some useful links. So you can decide if you want to start or not

Yeah, please, I would be pleased. I am interested as this is something like a passive income. I am interested in such income

I see, I have ordered all my rigs on asicequipment com. They have plenty of devices represented and timely clearances as well

Yeah, I see. Prices are high, how long does one miner take to payback?

In my experience, based on what I have ordered on asicequipment it takes on average half a year depending on what number of devices you order, the more the quicker

FloatOn70s

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Activity: 56

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Quote from: RiskoMania on August 12, 2019, 04:57:13 AM

Quote from: FloatOn70s on August 12, 2019, 04:55:09 AM

Quote from: RiskoMania on August 12, 2019, 04:50:50 AM

Sure, moreover, if you are interested in this sphere, I can give you some useful links. So you can decide if you want to start or not

Yeah, please, I would be pleased. I am interested as this is something like a passive income. I am interested in such income

I see, I have ordered all my rigs on asicequipment com. They have plenty of devices represented and timely clearances as well

Yeah, I see. Prices are high, how long does one miner take to payback?

RiskoMania

newbie

Activity: 70

Merit: 0

Quote from: FloatOn70s on August 12, 2019, 04:55:09 AM

Quote from: RiskoMania on August 12, 2019, 04:50:50 AM

Sure, moreover, if you are interested in this sphere, I can give you some useful links. So you can decide if you want to start or not

Yeah, please, I would be pleased. I am interested as this is something like a passive income. I am interested in such income

I see, I have ordered all my rigs on asicequipment com. They have plenty of devices represented and timely clearances as well

FloatOn70s

newbie

Activity: 56

Merit: 0

Quote from: RiskoMania on August 12, 2019, 04:50:50 AM

Sure, moreover, if you are interested in this sphere, I can give you some useful links. So you can decide if you want to start or not

Yeah, please, I would be pleased. I am interested as this is something like a passive income. I am interested in such income

RiskoMania

newbie

Activity: 70

Merit: 0

Sure, moreover, if you are interested in this sphere, I can give you some useful links. So you can decide if you want to start or not

FloatOn70s

newbie

Activity: 56

Merit: 0

Quote from: RiskoMania on August 12, 2019, 04:40:05 AM

Quote from: FloatOn70s on August 12, 2019, 04:32:30 AM

Quote from: RiskoMania on August 12, 2019, 04:29:10 AM

Quote from: FloatOn70s on August 12, 2019, 04:22:39 AM

Hello there, are altcoins set to be traded or mined as well? I've been trading for a while but just considered such possibility, I have a productive PC maybe it's time not to play PC games but start using it in a better way

Hi, yeah, altcoin mining is a possible thing but you will hardly ever feel this mining results. There are now thousands of mining options. Mining on PC is just irrational

What options are there? You mean mining farms? Or what?

No, not mining farms, bro. It's an outdated one, now mining community uses asic rigs to achieve instant results.

Asic? As I see it's something about special devices developed specially for mining, yeah?

RiskoMania

newbie

Activity: 70

Merit: 0

Quote from: FloatOn70s on August 12, 2019, 04:32:30 AM

Quote from: RiskoMania on August 12, 2019, 04:29:10 AM

Quote from: FloatOn70s on August 12, 2019, 04:22:39 AM

Hello there, are altcoins set to be traded or mined as well? I've been trading for a while but just considered such possibility, I have a productive PC maybe it's time not to play PC games but start using it in a better way

Hi, yeah, altcoin mining is a possible thing but you will hardly ever feel this mining results. There are now thousands of mining options. Mining on PC is just irrational

What options are there? You mean mining farms? Or what?

No, not mining farms, bro. It's an outdated one, now mining community uses asic rigs to achieve instant results.

keziakusayang

full member

Activity: 434

Merit: 100

true what you said, and now most of what happens is panic sell where when prices continue to fall coin holders agan in a hurry to sell it so as not to experience more losses, once I was so but now it has changed and no longer want to rush in make decisions.

FloatOn70s

newbie

Activity: 56

Merit: 0

Quote from: RiskoMania on August 12, 2019, 04:29:10 AM

Quote from: FloatOn70s on August 12, 2019, 04:22:39 AM

Hello there, are altcoins set to be traded or mined as well? I've been trading for a while but just considered such possibility, I have a productive PC maybe it's time not to play PC games but start using it in a better way

Hi, yeah, altcoin mining is a possible thing but you will hardly ever feel this mining results. There are now thousands of mining options. Mining on PC is just irrational

What options are there? You mean mining farms? Or what?

RiskoMania

newbie

Activity: 70

Merit: 0

Quote from: FloatOn70s on August 12, 2019, 04:22:39 AM

Hello there, are altcoins set to be traded or mined as well? I've been trading for a while but just considered such possibility, I have a productive PC maybe it's time not to play PC games but start using it in a better way

Hi, yeah, altcoin mining is a possible thing but you will hardly ever feel this mining results. There are now thousands of mining options. Mining on PC is just irrational

FloatOn70s

newbie

Activity: 56

Merit: 0

Hello there, are altcoins set to be traded or mined as well? I've been trading for a while but just considered such possibility, I have a productive PC maybe it's time not to play PC games but start using it in a better way

[btc]YSG

jr. member

Activity: 238

Merit: 3

You have made mention of the things that should be avoided as crypto trader, The one endorse most is Panic buying/Panic selling because this is the category most traders fall a victim of, all in the because they are afraid of missing out.

hongus

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Activity: 736

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Adoption Blockchain e-Commerce to World

I am a hunter. I am a casino player. This is just Russian roulette. Not when you do not please which project will bring profit today. Of course, in any business, the most important thing is money management. Here, to become rich is an important factor. Let's say invest in the winter in ETH for $ 80 and sell for $ 360. Mindfulness control. Job.

HabiebRiziq

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Merit: 250

CryptoTalk.Org - Get Paid for every Post!

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.

These 3 things often happen in the world of cryptocurrency, and I think it depends on each person itself because everyone has a different way of dealing with a thing. Some people, when they see the price of the coins they hold, will choose to look at the cause and analyze it to predict the likelihood that will happen later, but some people will be afraid if the price of the coin is falling so they choose to sell it. So I guess that is already the personality of everyone and only that person can avoid it

Topic: The three biggest mistakes you should avoid - page 3. (Read 11305 times)