Top 5 most common trading mistakes you should avoid

Gembul0705

member

Activity: 168

Merit: 24

Quote from: seoincorporation on September 11, 2018, 10:57:23 AM

Quote from: MurkyEntrepreneur on September 11, 2018, 05:00:55 AM

~snip~

Thanks to share the article, now lets bring those 5 points to this thread and see if people are agree with them:

1. Fear of missing out
2. No risk management
3. Portfolio over and under-diversification
4. No knowledge of technical analysis
5. Chasing unreasonable returns/buying the cheapest coin

I'm not agree at all with that list as top 5 common trading mistakes. So, i will make my own

1.- Buy high to sell low (Panic sell)
2.- Want to get profit in a shot time
3.- Avoid reading news and market signals
4.- Follow his friends tips before search the source
5.- Be too graddy

I agree with all above but i think the most important if we want go trading for me is about we must control our emotion. If i had bad mood while i trading,I usually lose. example you can read technical analysis,fundamental analysis or everything we must have and knowing to be good trader but if in that day you just not in good mood i think you should close you trading and have relax for a while.

seoincorporation

legendary

Activity: 3346

Merit: 3130

Quote from: MurkyEntrepreneur on September 11, 2018, 05:00:55 AM

Hi, here is an article on the top 5 common mistakes new traders make and how you should avoid them.

https://coincodex.com/article/2314/top-5-common-trading-mistakes-you-should-avoid/?utm_source=bitcointalkt&utm_content=news

Thanks to share the article, now lets bring those 5 points to this thread and see if people are agree with them:

1. Fear of missing out
2. No risk management
3. Portfolio over and under-diversification
4. No knowledge of technical analysis
5. Chasing unreasonable returns/buying the cheapest coin

I'm not agree at all with that list as top 5 common trading mistakes. So, i will make my own

1.- Buy high to sell low (Panic sell)
2.- Want to get profit in a shot time
3.- Avoid reading news and market signals
4.- Follow his friends tips before search the source
5.- Be too graddy

biggNY

jr. member

Activity: 126

Merit: 2

This is actually pretty good source of informartion on trading mistakes. I have to admit I was pretty skeptical at first, when I saw that this was your first post (many users use “throw away” accounts to promote garbage), but was pretty surprised in the end.

Personally speaking I think it is the hardest to get FOMO under control, I have fallen victim to it once or twice,l so that is the reason why I don’t trade 😬 it is very powerful emotion.

Thanks for your article

solarsenal

newbie

Activity: 14

Merit: 0

The 5 points enumerated are of great importance but to me No knowledge of technical analysis, portfolio over and under diversification and chasing unreasonable/buying of cheapest coin will always remain on the tip of my fingers.

MurkyEntrepreneur

newbie

Activity: 1

Merit: 0

Hi, here is an article on the top 5 common mistakes new traders make and how you should avoid them.

https://coincodex.com/article/2314/top-5-common-trading-mistakes-you-should-avoid/?utm_source=bitcointalkt&utm_content=news

Topic: Top 5 most common trading mistakes you should avoid (Read 166 times)