The three biggest mistakes you should avoid - page 4.

akungagal

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Quote from: CryptoInsights on August 05, 2019, 06:05:46 AM

Not Using Stop loss is also a big mistake. It is very risky to trade without stop loss.

true, stop loss is also very important to be careful not to lose too much.

indeed in trade we must pay attention to many things so as not to get a loss. even though we have paid attention to this and that, the risk is still in our midst. that is why being a trader is very difficult, we must learn quickly so as not to be left behind.

Jannyh

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Very clear points that should really be avoided, Never panic buy because of fear of missing out. Also when there is FUD, try to know it's cause, before panic selling. Always try as much as possible to do some research.

Bananington

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I really like the points buttressed here about mistakes made in trading. What misleads people most times is hype, do not buy in huge amount of a coin because of hype, most times the influencers who promote these coins get paid for that. I made that mistake with SEELE when some influencers chilled it, saying it's blockchain 4.0 . Also, always do proper due diligence before buying in, never rely on other people's judgement. Avoid greed most especially, take profits when necessary.

Free1bitco.in

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if i look at the past, maybe 3 big things I've ever done wrong are, investing in an untrusted HYIP site, depositing assets with people I've just met, and maybe wasting an opportunity to sell assets at a high enough price. Well, we all have the pain of doing business, but I can make it an experience.

jazmuzika217

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Yes all you said is right. We are doing business we are not dealing in gambling. We need to think well our action. Like you said you don't have to do a panic buying . You should have a action plan for every investment and startegies that you make. Dealing here in crypto world is full of risk and that is normal. From the start you already know it so accept the fact of being loss BUT make an action to avoid loss.

CryptoInsights

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Quote from: Jatawneh on June 22, 2019, 04:11:35 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.

Not Using Stop loss is also a big mistake. It is very risky to trade without stop loss.

Inkdatar

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Quote from: ?? on ??

Such cases are almost felt by all traders, including me, so the previous bitter lesson is certainly a sweet experience so that in the future I can survive in a deteriorating market situation. There are also several criteria for trading before making a choice to buy, especially often active on various social media channels to monitor positive news about crypto.

These could help for traders by checking on the good news through social media. When we trade we have the biggest mistakes experience so the next time we should learn our lessons. We should manage our emotions to avoid losing in crypto.

nanaimogold

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Quote from: Jatawneh on June 22, 2019, 04:11:35 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.

It wouldn't have been said any better. Concise and on point. These few points have made a lot of traders rich when acknowledged and practiced and aswell made many more traders poor gamblers because they didn't adhere to the tenets

martina14

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Quote from: Jatawneh on June 22, 2019, 04:11:35 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.

Nicely said, in cryptocurrency all must be well with knowledge and never takes your patience off.
Buy the good ones and keep them but never crosses the limit of your budget.
I dont like those trade signals, the admin will always on the winning side.

d_fitrie

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Three things that must be known to the trading community and long-term investment, these three things must be embedded in us to deal with fluctuations in market conditions that tend to be unstable. Otherwise, it can affect someone's psychology

VIP BTC

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many people are trapped in trading in the crypto world, the most trapped is panic selling, they are afraid of losing the opportunity to sell coins, let alone see the trend of coins starting to fall they will release coins, without looking at risk and analyzing coins going forward, most of them lose the opportunity to profit and lose everything.

VDraci

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Crypto space is a wide haven full of profits and yet loss too,every crypto investors must know the risks involve in crypto before taking any risks and investors need to learn and be smart when investing on any project,presently we have too many fake project in crypto world so its a must for investors to do research to avoid falling victim to scams

akungagal

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Quote from: Tarion on August 03, 2019, 09:14:35 AM

The worst is to buy high and to sell low. It is the main problem of the whole industry in my opinion, but without such people, would great traders even make money? Somebody loses always when another party gains big profit.

yup! it's like someone else's fault is a blessing and profit for us and vice versa if we are not good at analyzing the market properly. as you say without people like them, no one will lose and no one will benefit and of course the market will look dead.

but if possible, we are not among those who have made mistakes.

Tarion

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The worst is to buy high and to sell low. It is the main problem of the whole industry in my opinion, but without such people, would great traders even make money? Somebody loses always when another party gains big profit.

GGmith

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yes, some of the points above are things that need to be avoided, including number 1, a mistake that often occurs in me personally when I see a coin that I have the price drops. I learned from previous experience, if you do not want to experience big losses do not ever invest with coins that do not have price developments and are also not easy to panic when you see the price of coins down.

novy

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Before jump into any investing/trading shares, crypto, forex you have to pass some money management courses. It will help you to diversify your risks and it will save you tons of your money. I will have to spend some money on those courses, but it worth it, believe me.

Caishen_Project

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Thanks for sharing this, I think it's not applicable to only traders, but it's also affect investors. Am a victim of following people calls or signals without DYOR in early days in crypto. But right now, I have upgraded myself and if at all am going to take your calls or signals, I have to DYOR before investing or trading

tiedcoin

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Quote from: Jatawneh on June 22, 2019, 04:11:35 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. Along with these, we should also trade with strategies and not get carried away by a coin's publicity.

Uju4real

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Quote from: Jatawneh on June 22, 2019, 04:11:35 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 like the no 3 point there, you know this has been one of the fallout most people experience in Crypto. it has really made so many loose huge sum in Crypto. And I will also like to add

4- don't join a project or ICO simply because your friends are doing it, make due diligence to research a project before you can join

Dpat

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This three situation is based on the psychological mistakes but there are many also available to the fund management mistakes. The proper fund management is still not developed by any body for the crypto segment. So it is purely based on the own judgemental capacity. So, always invest in the right crypto which will pay you in long term.

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