Topic: This will help to improve your trading - page 3. (Read 21937 times)

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

Thank you. All of these tips are good and effective.

Thanks OP, will be taking your advice. Your points of advice I would say are coming from many years of trading experience. May I ask how many years have you spent trading and how often do you trade, say, in a week/hours in a day?

I didn't really get your idea on the first point but on the second, I really see the importance and will be learning more about personal financial management. I will be reading and studying the wisdom behind the book "Rich Dad, Poor Dad" soon before this year ends.

Point (3) well taken coz I did experience being swayed by hype by focusing on price/trade discussions by people who I really don't know yet.

The only thing that could help us improve is our own mindset, which has to be very much positive. I do that only and along with that having eyes on Crypto News is just ideal formula to crack up making money. If we are able to manage these things right in our favour. It will only add up with boosting us and getting the desired and required results. If we miss out on this part it will just push us into situation where we will do things right yet they will turn wrong due to sudden news developments.

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

It's a universal fact that,
People learn from their own mistakes.
But if we really need to correct ourselves then we definitely need to learn from other's mistakes.
The OP's motive is also the same.
Thanks for sharing your failures and strategies.
This will surely help the newbies.
Good luck to us.

I think that many factors depend on the exchanger on which you work. It seems to me that large exchangers are not suitable for a start, it is much better to choose a small one, such as Whitebit

I m agree with you. .we need to check what happens in the market and don't make a rush decision especially if there are faster movements from the order before buying smth.

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)