Trading mistakes i do | Bitcointalksearch.org

Darktongue

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Quote from: JasmineRose on June 09, 2020, 02:51:26 PM

Yeah sometime master trading can do a mistakes and i do it too.
you know when you have a good feeling and buy alot of coin and believe if next week it will grow but not be like that.
We have to doing something more analisys to that coin we will be buy to get a right time.
volume and rating sometimes doing a mistakes too, becareful guys.

Master traders never make these simple mistakes, we do it because we don't research on any projects before investing and we're very impatient. As trade history waits for the flat price of any coin which is only possible after a long time trading on good exchange. To avoid more losses, they always stay active in their social activities.

Yamifoud

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Quote from: JasmineRose on June 09, 2020, 02:51:26 PM

Yeah sometime master trading can do a mistakes and i do it too.

It is a normal happening and everyone will experience this one no matter how good you are.

Quote from: JasmineRose on June 09, 2020, 02:51:26 PM

you know when you have a good feeling and buy alot of coin and believe if next week it will grow but not be like that.

All who come into trading are full of hopes and optimism but it possible to change when you can adapt the market changes and your mind will drive you into sometimes thinking about quitting or to continue trading.

Quote from: JasmineRose on June 09, 2020, 02:51:26 PM

We have to doing something more analisys to that coin we will be buy to get a right time.
volume and rating sometimes doing a mistakes too, becareful guys.

That is very important to have our own market analysis and not by relying on someone because it would be also a reason of our losses by then. If we can stand our own feet and face the challenge, there will be a chance to make our mistakes right and to find the best solution.

JasmineRose

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Yeah sometime master trading can do a mistakes and i do it too.
you know when you have a good feeling and buy alot of coin and believe if next week it will grow but not be like that.
We have to doing something more analisys to that coin we will be buy to get a right time.
volume and rating sometimes doing a mistakes too, becareful guys.

ScamViruS

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Mistakes will teach you something good. All traders make mistakes first, they are good traders who gain experience from these mistakes and use them in their trading in the future. Like you, I also made a lot of mistakes which had very bad results. As a result I lost all my funds. But I didn't stop, tried to figure out my mistakes and used them to build my own trading skills. I lost my funds only due to lack of good analysis. You may not have encountered another point. That is hype buy. lot of traders lose their funds due to hype buy. Can't control his own emotions and makes wrong decisions.

Anish02

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Everyone makes silly mistakes while learning or early phase of trading. It's good to do some mistakes because due to such mistakes we have learned some valuable lessons about the market as well as trading. We learn from mistakes and that's very important for trading, in such a period our instinct becomes better by day after day. Also, don't put your emotions while trading because it will gonna manipulate you and you will not be able to make good decisions.

Smitty Werben Man Jensen

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for myself my trading mistakes is not being able to control emotions when trading, this is my advice for everyone,
if you trade make sure your emotions are good, and ready to start, if not only lose what you get

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Quote from: danherbias07 on June 05, 2020, 01:46:41 AM

Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

Like you said, "normally" which happens normally to every manual trader.

It happens normally to beginners actually, well most of the time you need to let go of the this kind of habit coz it is not beneficial at all, when you invest on a coin just make sure that you can take how deep it gets coz that is just basically normal in cryptocurrencies. And also, most of the time you'll regret doing such pulling out.

Quote from: danherbias07 on June 05, 2020, 01:46:41 AM

Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

This I don't do much, I prefer the underdogs which have a history to pump in a blink.
In short, I don't ride the hype.

The hype follower, obviously this is not what being a trader it makes you more of trend checker that do not make any analysis at all. Well in fair honesty, I do this sometimes BUT when the coin is valuable enough for me. Besides, you can gain a lot in a short-term from this.

Quote from: danherbias07 on June 05, 2020, 01:46:41 AM

Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

It's your emotions that is taking over.
Learn how to overcome that. It must always be about the money and not what you feel.

In short take action with dealing to the market. It's normal to panic actually, what's not normal is when you cannot control yourself anymore.

Nhor1011

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Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

I am not a newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my mistakes i normally do.So small traders can survive and avoid those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.

That is a normal mistake of all trader which is not fully understand the consequence of doing trading without knowledge about it. What you have mentioned are also my mistake when i start trading but now i learned from those mistakes. Trading is so risky that's why we need to study everything before we trade. And always bring patience as your shield and sword to avoid losses.

iv4n

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Quote from: Dr.Osh on June 06, 2020, 11:59:44 PM

the mistake you often make is the mistake I also make often. other than that, I am sometimes very doubtful of the decisions I make, and the most annoying moment is, when you buy a coin, the coin is dumped, and when you sell the token, the price will pump. Well, another mistake I'm impatient.

Trading won't work if you are an impatient person. Our emotions had something give a huge influence on our decision and this is also a reason why we got in trouble and have a bad decision and we don't expect that would be the result. Committing mistakes can't be avoided as we are not a perfect individual and most likely, we can still make it to minimal but not the point that we can eliminate that thing.

These mistakes are beginners mistakes, we all made them every once in a while, but what I point out every time, don't trade with every "coin", trade with bitcoin, so even if you make a mistake, just keep that amount on a side, and price will recover. When price drops you can start trading again, but if it's temporary dip you can always add more money and when price go back up you will harvest a nice profit.
Think about coin you choose to trade, you can't trade with all of them in the same way. The easiest for trading are top coins, bitcoin more than others, nice volatility, the price always recover, it has good weeks when price is in some range and you can buy low sell high for days with same buy/sell orders!

Dr.Osh

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the mistake you often make is the mistake I also make often. other than that, I am sometimes very doubtful of the decisions I make, and the most annoying moment is, when you buy a coin, the coin is dumped, and when you sell the token, the price will pump. Well, another mistake I'm impatient.

tbterryboy

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Quote from: k@suy on June 06, 2020, 06:50:36 PM

it is normal to make mistakes because you are a first timer, but be sure by the next time you will not mistaken again or you know how to limit your losses, failure makes us more smarter and have more experienced in everything that we are doing.

Not repeating again and again differentiate smart traders from naive traders. Mistakes are common but doing them should not be a common practice. Only when we are conscious enough to avoid the mistakes, we can move forward to reach targets. Mistakes are in uncountable numbers hence not learning from our own mistakes will save our capital. Fortunately we are having lots of portals where traders regularly sharing their experience and if we try to make use of them then we can easily become smarter trader.

Traders do not need to be trading for longer duration to gain such knowledge and experience but just by making use of others experience and suggestions also could become pro like traders for doing less number of mistakes.

k@suy

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Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

I am not a newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my mistakes i normally do.So small traders can survive and avoid those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.

Every trader I think do also what you did, it is normal to make mistakes because you are a first timer, but be sure by the next time you will not mistaken again or you know how to limit your losses, failure makes us more smarter and have more experienced in everything that we are doing.

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Quote from: MCobian on June 05, 2020, 06:15:50 AM

Of the three trading mistakes written in the opening post, it is very apparent that you don't have patience so you often experience losses.
The other reason I expect you to lack knowledge about technical trading, therefore before buying coins you do not do technical and fundamental
analysis. So you are wrong in determining the purchase price, if you correct your mistake, I'm sure you haven't experienced much loss.

Knowing technicals and would able to control your patience doesnt guarantedly mean that you wont experience much loss. You can still experience this one but on lesser chances or if you do compared
to those people who do really make trades without any basis or analysis.If you dont know on what you are doing then you are really bound to go into this fate.Mistakes is there but be
sure that you do learn them up along the way.

Quote from: Onuohakk on June 05, 2020, 07:56:06 AM

Mistakes are bound to happen for every human being to learn a lesson from it. Those that lacks patience, knowledge and understanding on how crypto works, that has always been their experience about trading in crypto. They're always in FOMO, easily moved by price speculations from different individuals. Without studying how the price chart of the coin they are hodling flows (increasing or decreasing)

This is why there are really things which arent really made for other people.Lets say no matter how hard they do try they do still fail.
Trading isnt easy and it does involve or need of good technicals/fundamental realization plus having a good control of your emotion.

htsy585

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Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

I am not a newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my mistakes i normally do.So small traders can survive and avoid those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.

I believe the perfect path towards self growth is knowing actually where your mistakes are coming from and from your write-up, i believe you perfectly have them ironed out. The only thing left now is for everyone and you included to learn from those mistakes and make possible corrections, I'm glad you wrote your suggested points an how to avoid such mistake and i have to say they are on point. Nice topic you roll out here.

Onuohakk

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Mistakes are bound to happen for every human being to learn a lesson from it. Those that lacks patience, knowledge and understanding on how crypto works, that has always been their experience about trading in crypto. They're always in FOMO, easily moved by price speculations from different individuals. Without studying how the price chart of the coin they are hodling flows (increasing or decreasing)

MCobian

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Of the three trading mistakes written in the opening post, it is very apparent that you don't have patience so you often experience losses.
The other reason I expect you to lack knowledge about technical trading, therefore before buying coins you do not do technical and fundamental
analysis. So you are wrong in determining the purchase price, if you correct your mistake, I'm sure you haven't experienced much loss.

Dart18

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You've made a good list.
There's a better part in my opinion.

Identifying your mistakes.
Most traders would not look at that. They will just ignore it and keep on betting like they are gamblers already.
It's good to see you are sharing it for those who want to step in the lion's cage.

culuuton

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Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

I am not a newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my mistakes i normally do.So small traders can survive and avoid those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.

Anyone can make two mistakes 1 and 3 (not just newbies) because it involves emotions, we all have an invisible fear. The second mistake, I think is the most serious, before deciding to invest in something you need to learn and observe everything carefully.

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Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

When you invest your dollar in a coin, check its fundamental and technical positions. If it is not, you will lose most of the time, Only buying in https://coinmarketcap.com top position will not bring success because if you buy at the wrong time you will face loss. Then decide whether to buy or wait for the price to fall in the future.

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Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

Like you said, "normally" which happens normally to every manual trader.

Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

This I don't do much, I prefer the underdogs which have a history to pump in a blink.
In short, I don't ride the hype.

Quote from: Shohag123 on June 02, 2020, 05:08:14 AM

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

It's your emotions that is taking over.
Learn how to overcome that. It must always be about the money and not what you feel.

Topic: Trading mistakes i do (Read 1328 times)