- Panic Buy/Panic sell.
In both cases, you will lose your money
Most of the times, those who panic buy, will end up panic sell. Therefore, courage is very essential.[/list]
Topic: The three biggest mistakes you should avoid - page 8. (Read 11305 times)
Most of the times, those who panic buy, will end up panic sell. Therefore, courage is very essential.[/list]
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?
How can you use Capital management? and buy so many good Alts?
IF you have $5000. For trading at a time you can use 50% only, mean $2500 and keep $2500 reservation for using when market down example for using it in when market dump.
By the $2500 you can buy many coins:
For example, you use 5 % for each coin that mean $125.
And, for buying another coin; this time you have $2375 available capital, at your wallet so this time counts it from the $2375.
If you set 10% for the second coin that mean $237.5
You will do the same thing every time, counting this 5-10 % from the free capital.
This means you have an unlimited capital for many good coins.
Three good points, in crypto everyone should mind it! Personally, the panic buy and sell is too much harmful for any crypto member. But every time you can't control your emotion or patience! Yesterday my close friend asked about buying Bitcoin at present 11K USD price, I told him No, not now, don't be panic! And then the BTC price came to 10.6 USD!
Woow, this is great as there is no better truth than this.
You took time to outline all the mistakes majority keeps making. Now the market is growing most will jump into a moving coin without the needed assessment and when it goes against what they want, they start looking for who to curse.
I will wish many will see this and learn.
Nevertheless, taking risks is good but it should be after proper assessment.
You took time to outline all the mistakes majority keeps making. Now the market is growing most will jump into a moving coin without the needed assessment and when it goes against what they want, they start looking for who to curse.
I will wish many will see this and learn.
Nevertheless, taking risks is good but it should be after proper assessment.
I am not a trader so I don't really know about signals and capital management but I know it is very suicidal to panic buy or sell. In most cases you might end up regretting your decision. So it is better to do your own research.
to be more confident and so that you are not confused, you have to be confident in yourself and not easy to trust others so that you are not easily shaken up in making choices.sometimes also a big mistake occurs because small things are done because of carelessness, so for the future you have to be more careful.
The only thing I can't resist is the Panic Sell, When you see the price has drop down a big amount only few investors can stand on that situation mostly they will panic like me and sell the remaining coins they have to at least get some earnings. as for me I never regret my decision after I panic sold my coins because it saves me from a lot of stress.
You made a valid point, never panic buy or panic sell, try to know the root of the news causing the panic, also try to manage ur capital also, when trading, stop loss must be taken into consideration.
I am not a trader so I don't really know about signals and capital management but I know it is very suicidal to panic buy or sell. In most cases you might end up regretting your decision. So it is better to do your own research.
- 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.
To a greater degree, the excitement around the coin raises its price. Thus, you can apply a strategy with which you can not very promising coins, under the influence of speculators is very profitable to sell. They inflate the price and then sell to get rid of unnecessary coins in this way.
Very often we see the price of a coin rising and people go behind it without doing the proper research. Many of the coins are overvalued and soon lose the value. Only if you had avoided the FOMO and done proper research you could have avoided such a scam. Take a look at the coin and its market cap.
I would say about one mistake but think about it, it could save you much time and money than yours.
Invest in Bitcoin, forget about 9000 altcoins (there are maybe 10 that worth). And HODL, you will be happy and satisfied after all
Invest in Bitcoin, forget about 9000 altcoins (there are maybe 10 that worth). And HODL, you will be happy and satisfied after all
To be safe from disappointment in crypto space you must not put all your eggs in one basket, don't invest all your money in a single coin or token ,diversity is the solution ,if a coin doesn't grow I'm value another one will ,just make sure you are very picky cos not all coins and tokens are good
4. Treating bitcointalk as due diligence or anything but pure entertainment.
The worst fault that you can do is to invest a lot of money into on coin, because it is like a casino. You never know what is going to happen tomorrow, so it is always better to split your money among at least 10-20 altcoins to be safe.
Everything is written right! Everybody is mistaken, both experienced traders and beginners. We can not control the market, the only thing we can do is not let the market take more than you can afford to lose. Before entering into a deal, you need to think not about profit, but about loss.
1) didnt buy ledger nano in the beginning working with crypto! 2) afraid to sell currency, because the price could be higher 3) holding a lot of altcoins
You need to pay more attention to the following things to avoid making mistakes:
1. transactions
2. Nobody gives keys to their wallets
3. Not to listen to anyone, but to think for yourself.
1. transactions
2. Nobody gives keys to their wallets
3. Not to listen to anyone, but to think for yourself.
in the world of cryptocurrency trading mistakes that I must avoid are easily affected by false news and easy to panic, and the worst is that I was hesitant to buy coins even though the price of the coin had fallen very deep but I still did not buy and late to buy coins at cheap price.
I will sum all three in two words.BE SAFE.
Risks are always there. I am not saying that you keep away yourself froms risks but we need to manage it. In every decision that we make, in every actions that we do and in every reactions to the situation that we commit should be calculated. Risk Management is really effective and can be developed for long term plans.
Risks are always there. I am not saying that you keep away yourself froms risks but we need to manage it. In every decision that we make, in every actions that we do and in every reactions to the situation that we commit should be calculated. Risk Management is really effective and can be developed for long term plans.
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