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.

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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.

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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.

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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.

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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.

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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!

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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.

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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.

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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.

Janation

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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.

For me, this is just hard.

We are dealing with a volatile market, you never know what will happen or what will be the next movement of the price. Though there are some signs that the price might have a bull market or a bear market but always remember that it is also risky and it is not 100% profit since we all know that trading doesn't work like that.

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Those are the common trading mistakes of the traders I'm a trader too but the like a professional like you and I experience most the trades like that and I think those commonly happen to a trader. Sometimes getting FOMO is having a good thing too because sometimes getting a trade for more than three trades is good if you have a good quota you make a good amount of market profit. We called them the scalpers who make more trades a lot and they don't skip any kind of market movement and I want to be like that but also I made just two trades a day because sometimes the market does not have any market movement.

Also about getting greedy it is quite normal because all of us wants to make more money in trading so sometimes we become greedy and I think it is not bad sometimes it causes more money and income to you and sometimes it's not because of too much waiting on the market movement the upward trend now can be experience a little bit down trend especially in one to four hours trading time.

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Quote from: tvplus006 on June 04, 2020, 04:51:11 AM

Quote from: michellee on June 04, 2020, 03:07:51 AM

Quote from: Nathanz on June 04, 2020, 12:24:42 AM

Failing in trading cryptos is part of the process for you to acquire lessons which is vital for your trading journey. The most important part of it is that you have to learn from your mistakes and to be better next time. Mistakes are normal especially for new traders. Try to seek help from other traders out there in the community. You could also watch videos which teaches newbies on how to avoid those mistakes.

I believe every trader make mistakes, whether they realize or not. If we can learn or we want to learn from the mistake, there will be no worry for us because we can improve our skills at the same time while we learn. If he can ask pro traders out there, he will found out that the pro trader makes a mistake too, but the difference is they can learn fast, and they can improve their trade based on the market so they can recover the loss in a short time. We can do that too if we can learn more and more.

Yes, it really is. I looked at the errors that the OP had written about and saw that I had also made them. The main thing after making such mistakes is to analyze their cause and avoid them in the future. But this will not still guarantee that you will not commit them again under the influence of external factors.

If the OP can prevent the external factors, I think he can fix the problem step by step because there is no need to hurry to recover the loses in trading. Once he can get the point from the mistake, he will learn how to prevent the other mistake, and he will be careful to trade. He will trade with better with a better analysis so he will be able to recover the loses.

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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.

mistakes for beginners or new traders in trading are usually like that and that's a natural thing in my opinion, of course, panic when the market price movements are sometimes very fast, of course not just new traders, big traders also sometimes experience panic and sometimes they make mistakes , so learn not to panic and be quick to make decisions when you buy and sell when you have benefited even though the amount is not large, don't obsess over huge profits in day trading.

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Quote from: ?? on ??

Quote from: posi on June 03, 2020, 05:48:17 PM

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.

Buying of any coin base on hype without putting into consideration the coin utility level it never a good decision.

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.

Study of coin chart doesnt mean the coin will be profitable investment but the act of buying/investing in any crypto at peak price even if it BTC is fast way of making lost in crypto investment.

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.

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.

Panic is also the worse decision in crypto investment and this is the reason why it better to always investment in a complete utility crypto which will later experience another ATH sooner or later.

lol. Panic really dealth heavily with me in 2018. At a point Ripple and Neo were looking like they want to crash before my eyes. After hours of waiting, I sold of to usdt. But these coins grew big in the next days. If you are not discipline, you will keep running back and forth in trades and would probably think you are jinxed. You sell and a coin moons, you hold and it dumps Wink

It good that you have buried the panic part of you in the aspect of crypto trading but i think you also need to have knowledge in coin selection because those 2 coins you mentioned are highly manipulated/centralized coin which can experience dump in price for no genuine reason.

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You see the second and third mistakes you mentioned ? Grin

Lol I made a lot of those back when I was still a newbie and to be honest I regret ever doing that.

A lot of times I ended up buying coins at their peak price and then it falls and I start regretting why I ever did that. That's why it's very important to understand technical analysis, because if you don't know it you might keep repeating the same mistakes all the time. Moreover, do not fall for FOMO; only because of FOMO we may end up buying at peaks. If some opportunities to be missed out the accept it as missing otherwise you may enter at peak and may need to wait for years to see profits.

If you can't do technical analysis and you don't know it yet, it would be best if you look for any site that does that so that you can be learning from them. I used to make use of Cointelegraph and CCN then and I was also in a WhatsApp group of friends that were giving me a lot of tips till I got better.

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For me, when I am in this situation I simply accept that it has happened and it's just a mistake, there is nothing that can be done to reverse that. So you just have to accept it, despite that it is difficult, but you have to do it and focus on future opportunities. If you keep worrying about the opportunities you have missed you will be distracted and won't be able to see the opportunity that is in front of you.

So, forget it and focus on finding other opportunities. I can remember that I had this same problem investing in many altcoins in the past, but I never worried much and the opportunity still came back bigger with some other altcoin. So, get ready to grab the future opportunities rather than being worried and missing out them.

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Quote from: Injective on June 03, 2020, 11:17:02 PM

The mistake I did is that I missed several lowest points. I was learning the contract trading. I was using the stimulating function on one exchange. I thought that was real but it is not actually. What a pity. Have to wait for the next circle.

Doing mistakes in the actual trade is normal for the individuals traders. This mistakes, put us to become a good trader in the future.
Therefore, the more mistakes we face is the more chances for us to grow more in doing trade for cryptocurrency. Just never stop learning
in trading.

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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.

There have been already so many good recommendations here. I would just like to add one more.

If you are not an expert in the field or have insider information don't try to find the perfect sell or buy price. Timing is one of the hardest things about trading and investing. Better just to split your buy/sell orders in smaller chunks and try to execute them over time. The average price you achieve should be much better.

Also, if you invest in a good crypto currency like BTC, just try a buy and hold approach. Forget about your coins for a few weeks and dont check the prices of your portfolio every day.

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Quote from: michellee on June 04, 2020, 03:07:51 AM

Quote from: Nathanz on June 04, 2020, 12:24:42 AM

Failing in trading cryptos is part of the process for you to acquire lessons which is vital for your trading journey. The most important part of it is that you have to learn from your mistakes and to be better next time. Mistakes are normal especially for new traders. Try to seek help from other traders out there in the community. You could also watch videos which teaches newbies on how to avoid those mistakes.

I believe every trader make mistakes, whether they realize or not. If we can learn or we want to learn from the mistake, there will be no worry for us because we can improve our skills at the same time while we learn. If he can ask pro traders out there, he will found out that the pro trader makes a mistake too, but the difference is they can learn fast, and they can improve their trade based on the market so they can recover the loss in a short time. We can do that too if we can learn more and more.

Yes, it really is. I looked at the errors that the OP had written about and saw that I had also made them. The main thing after making such mistakes is to analyze their cause and avoid them in the future. But this will not still guarantee that you will not commit them again under the influence of external factors.

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Quote from: Nathanz on June 04, 2020, 12:24:42 AM

Failing in trading cryptos is part of the process for you to acquire lessons which is vital for your trading journey. The most important part of it is that you have to learn from your mistakes and to be better next time. Mistakes are normal especially for new traders. Try to seek help from other traders out there in the community. You could also watch videos which teaches newbies on how to avoid those mistakes.

I believe every trader make mistakes, whether they realize or not. If we can learn or we want to learn from the mistake, there will be no worry for us because we can improve our skills at the same time while we learn. If he can ask pro traders out there, he will found out that the pro trader makes a mistake too, but the difference is they can learn fast, and they can improve their trade based on the market so they can recover the loss in a short time. We can do that too if we can learn more and more.

adzino

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Those actually some common mistakes that everyone does. By everyone, I mean every traders that are new to the trading does. With experience, eventually they learn and tries not to repeat those mistakes. The real reason why they make those mistakes is that they just rush into trading. They don't even try to understand how market works. All they come with the knowledge that they can make some quick profit by selling those when the price is high. But, when they see the price starting to drop, they just end up selling without even waiting for the price to recover and rise.

Vitalicus

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Quote from: chaser15 on June 03, 2020, 05:28:20 PM

Let's change the subject to "Trading mistakes everyone do".

For me, I don't see those as a big mistake. We need to experience mistakes and losses first before we think of a way how to prevent it in the future. There is no way newbies will not experience those.

Even I still experiencing losses and mistakes as it was common. Other mistakes also considered human nature.

As we gained experienced and move forward, those mistakes will eventually minimize until such point that everything can be handle now.

You got the point! Those mistakes aren't unsual. Every trader has to go through this phase to gain experience, knowledge and lessons. Those are the lessons you have to learn in a hard way, though, those are the lessons that you'll remember the most. Going through those mistakes is critical in the way to become a successful trader!

Lorence.xD

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Based on the mistakes the OP given, I can see that he/she is a very impatient person. My conclusion about you might change but in my perspective, that is what I can see, I too am not that newbie to crypto but when it comes to trading I am still accumulating knowledge, experience and lessons learned by people who have been trading a long time ago. If I may impart some lessons I learned along the way, one is ought to have a safety net when it comes to trading because there will be guaranteed downfalls and you can't rely too much on your trading profits because you are still growing the money and pulling it out a little early would result in frustration, regret and deficit in profit, so have an emergency fund in case.

Nathanz

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Failing in trading cryptos is part of the process for you to acquire lessons which is vital for your trading journey. The most important part of it is that you have to learn from your mistakes and to be better next time. Mistakes are normal especially for new traders. Try to seek help from other traders out there in the community. You could also watch videos which teaches newbies on how to avoid those mistakes.

pawanjain

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Nothing lasts forever

I would say that the solution to all your problems is patience. If you try to be a little patient then you will see the results.
Instead of selling when the the price is not rising, you could be a little patient and wait until the price rises.
Instead of buying at peak and selling when the price goes down, you can be a little patient and wait until the price crosses the ATH price so that you make a profit.
Instead of panic selling, you can be a little patient and wait to sell at a better price.

All you need is patience bud.

Injective

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The mistake I did is that I missed several lowest points. I was learning the contract trading. I was using the stimulating function on one exchange. I thought that was real but it is not actually. What a pity. Have to wait for the next circle.

Kasabus

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Quote from: chaser15 on June 03, 2020, 05:28:20 PM

Let's change the subject to "Trading mistakes everyone do".

For me, I don't see those as a big mistake. We need to experience mistakes and losses first before we think of a way how to prevent it in the future. There is no way newbies will not experience those.

Even I still experiencing losses and mistakes as it was common. Other mistakes also considered human nature.

As we gained experienced and move forward, those mistakes will eventually minimize until such point that everything can be handle now.

Yes. We all commit mistakes in trading as this one cannot be avoided even how skilled or professional we are in trading. But the good thing in trading is that if you keep on doing it with all the lessons you learned everytime you trade, you will be become more wiser in trading and will be able to handle your losses once you trade.

posi

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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.

Buying of any coin base on hype without putting into consideration the coin utility level it never a good decision.

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.

Study of coin chart doesnt mean the coin will be profitable investment but the act of buying/investing in any crypto at peak price even if it BTC is fast way of making lost in crypto investment.

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.

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.

Panic is also the worse decision in crypto investment and this is the reason why it better to always investment in a complete utility crypto which will later experience another ATH sooner or later.

CaVO32

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Quote from: chaser15 on June 03, 2020, 05:28:20 PM

Let's change the subject to "Trading mistakes everyone do".

For me, I don't see those as a big mistake. We need to experience mistakes and losses first before we think of a way how to prevent it in the future. There is no way newbies will not experience those.

Even I still experiencing losses and mistakes as it was common. Other mistakes also considered human nature.

As we gained experienced and move forward, those mistakes will eventually minimize until such point that everything can be handle now.

I agree with that. At some point in our trading life, we all experienced that and sometimes we are all still experiencing some of them. Mistakes will make us understand how crypto trading works and how those alts move in the market. And if I may add to the pointers, to know possible hints from the developers, closely follow also their social media channels as sometimes they will give you updates that will not be posted on their official thread here.

chaser15

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Let's change the subject to "Trading mistakes everyone do".

For me, I don't see those as a big mistake. We need to experience mistakes and losses first before we think of a way how to prevent it in the future. There is no way newbies will not experience those.

Even I still experiencing losses and mistakes as it was common. Other mistakes also considered human nature.

As we gained experienced and move forward, those mistakes will eventually minimize until such point that everything can be handle now.

Mrengage

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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 do have few mistakes I do like, I dont really put in my mind set to read projects whitepaper. But is there any need to read them when u can as well study the chart and check for F.A about the project. Since it's not a long run where you are going to HODL for a long time.

BALIK

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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.

The list of mistakes you provided seems to me like errors any human would make!!!
Issues will arise about when to sell the coins or when to buy them but the best a person can do either it being a trader or not at least is to get an idea of how the market changed over the last few weeks relative to BTC. A good site for this is https://coin360.com/. Give it a go next time, it might actually help you a little Wink

This is a quick way to do some market research over extensive analysis, and it may not work for everyone but hopefully it will be somewhat useful to some!

stomachgrowls

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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.

1. Your just too impatient on this one because not all coins you bought everytime would really just pump out and just make easy money. This would always come with regret and you should really changed up your mindset
so that you emotion wont really mixed out.

2. DYOR - this had been always a normal thing when we do invest where we should need to know or learn on that specific coin/project we tend to invest on before throwing some money. Learn if the coin is on its peak price (which you can actually point out) if you do know to read up charts. Dont get yourself in the middle of hype and have that fomo feeling.

3. Panic selling is pretty common and thats why whales do really have an easy time to manipulate market just because there were lots of weak hands.

beerlover

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Quote from: maydna on June 03, 2020, 04:43:19 AM

All in all, if you can learn from your mistake, I am sure that you will improve yourself and your skills, and you will not panic if you see the price is down. The more you can learn from your mistake, and you will have more experience in trading, which can make you trade better than before.

Yes, nothing to be worried if a trader is capable of learning from their own experiences. Only those traders who are all ignorant about the lessons that they have learned out of their mistakes, may lose all their money one day. I guess OP already started realizing what kinds of problem they are facing which must be the first step to start making use of our own mistakes. This will slowly groom toward no mistake if same level of care will be taken.

Quote from: Latviand on June 03, 2020, 04:45:31 AM

Never sell, buy or trade without any basis, never panic sell. Doing those things immediately without studying the market can really result into huge losses or mistakes. That's the thing that you should've keep on your mind when you engage in trading or any transactions.

From OP's statements I also felt like they go for selling their coins for no signal. It means when they are emotionally failed they may modify their portfolio according to their preferences. That could turn as a blunder mistake if we alter our portfolio for no reasons.

coiner-88

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Investors as a group earn the total global return on capital, on the order of $10 trillion per year. Traders mostly make money from other traders, but global Alpha the net return of all traders is probably around $100 billion a year. So all investors make about 100 times as much as all traders most profitable type of trading would be Insider trading. This may sound fun, but if we take into consideration just statistics, insiders make biggest money in the market, and almost never lose.

Latviand

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Quote from: LbtalkL on June 02, 2020, 04:40:55 PM

Panic selling is the common mistake of traders, when emotion is involved it is hard to think wisely. Especially if there is a strong FUD. I was advised by a trader before he said don't get your emotion ruins your trade. Also, another common mistake is not setting up a stop loss, it is better to lose small amount than losing it all. So we need to set measures in case our analysis does not go to our expectations.

Never sell, buy or trade without any basis, never panic sell. Doing those things immediately without studying the market can really result into huge losses or mistakes. That's the thing that you should've keep on your mind when you engage in trading or any transactions.

You need to have basis, you need to perform technical analysis in the market so that you know the strategies that you will prepare before the trading. Never try to become greedy especially if you don't need to rush things, take it slowly and think of the possible alternative ways that will put your asset in the safest place.

Self-discipline must be performed first before controlling your emotion because by that discipline, you can minimize your loss and prevent yourself on engaging in gambling even if it's not necessary and you're in a bad time of having transactions. Think of other factors before making an action or decision, by that, you can now be mindful of your choices.

maydna

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1. You cannot wait for a while for the coin you have, and you sold it before the price increase. It will be lucky if you don't sell the coin at a lower price than you buy.

2. You don't analyze the market, and you buy the coin with the price now, which is already increase for some time, so when the price makes adjusting of the price, you see the price is going to down lower than the price you buy.

3. If you panic, you never have a chance to make a profit because every time you see the price is down, you sell it right away without analyzing deeper what is going on with the coin. If you can analyzing more, I think you will see that the down of the price is normal because, after that, the coin price can increase.

All in all, if you can learn from your mistake, I am sure that you will improve yourself and your skills, and you will not panic if you see the price is down. The more you can learn from your mistake, and you will have more experience in trading, which can make you trade better than before. All things that you face it before is normal, and I am sure that every trader has those experience. So don't be sad because you still have many chances to recover your losses in trading.

davinchi

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The reason you're making most of these mistakes is because you're trying to invest in every altcoins and make profit out of them, maybe because you're one of those who believe that more profit comes from investing in lots of altcoins. That's not right, you should only invest in a few coins that you can keep your eyes on. I am investing in four coins (Bitcoin and three altcoins) and I always keep my eyes on them, mainly Bitcoin, and I'm always doing research and trying to know what's trending. It's very important.

If you invest in coins and you don't know what's happening in their space, you will end up missing vital information that will cost you a lot. It is always a good practice to follow the news where we have invested. There are lots of easy methods available to do so. Simply following their telegram channel and following their twitter handle will help any investor.

Vitalicus

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Quote from: LbtalkL on June 02, 2020, 04:40:55 PM

Panic selling is the common mistake of traders, when emotion is involved it is hard to think wisely. Especially if there is a strong FUD. I was advised by a trader before he said don't get your emotion ruins your trade. Also, another common mistake is not setting up a stop loss, it is better to lose small amount than losing it all. So we need to set measures in case our analysis does not go to our expectations.

Panic buying, panic selling, Fear of missing out are all caused by emotional behaviors. Learn how to separate your emotion so it doesn't affect your decision is a hard thing to do. I also have that mistake. To be honest, all traders have experienced those mistakes. The important thing is that they realize it and fix it to be better.

maxreish

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My latest mistake was not to set up stop loss again and greed enough that lead my trading to be liquidated. Grin

Just as I thought that my readings in my indicators will go bullish but after a few minutes it dumped. And the thought that I forgot to set stop loss is a problem. The latest sudden dump made my trading to be failure. But at least, I know my mistakes.

However, buying at the peak is really not a good idea. But with the help of technical analysis, the significant of knowing how to read it is to know "when" to buy a particular coin.

Mahanton

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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.

Learn from your mistakes! All of us did really experience such doing back when we are still starting to trade which is inevitable and with this very unpredictable market
then high chances we would really commit mistakes no matter what and this is where analysis and experience do comes in. If you find out yourself that you do panic
sell everytime theres a small crash or decrease then in next time, you wont easily do that thing again since you know that it might really be just a fake out or
would still recover and same goes when the price tends to hype or fomo'ed. When you do keep trading, you will eventually gain up knowledge which
would help you out to sustain this market.

LbtalkL

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Panic selling is the common mistake of traders, when emotion is involved it is hard to think wisely. Especially if there is a strong FUD. I was advised by a trader before he said don't get your emotion ruins your trade. Also, another common mistake is not setting up a stop loss, it is better to lose small amount than losing it all. So we need to set measures in case our analysis does not go to our expectations.

Wayrey2020

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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.

1. How do you wait for the token to rise? do you buy low, wait then hope for a high price; or you buy high, and hope for a further higher price?
2. You cannot buy a token without studying its trade history, check its volume and also it liquidity, it is wrong.
3. A trader should not panic sell; this is why you must always do your own research.

bitgolden

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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.

It happens. We cannot predict the exact peak for most coins. Hope you will not sell for losses. You must be with patience to watch the coins to come up to the level which will assure you some profits. There will be no point on selling for losses. Big or small profits, you must sell only for profits and for this you must have enough patience and should keep watching price levels for the coins that you are holding.

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.

Buying at peak is common because we do get hyped only when we notice a coin is doing its ATH. So, checking the chart is not a helpful thing here. But the only thing here is, we should invest with the coins which will again rise up to have new level of ATH. Buying bitcoins above $15k or around $19k is not a mistake in my opinion, but we should be aware of bitcoin's capability to reach $25k levels for example.

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.

Never ever sell for losses. I guess if you follow this rule then you will never plan up for selling even you do get panic. You may go for panic selling at the price levels where you may get small profits and then you may plan up for buying back. But, all selling should be for profits regardless of you do it for panic or for any other reasons.

harizen

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You won't be a better trader if you don't experience mistakes on the way. That's part of the trading journey. Even you will tell newbies about these mistakes, they will not able to avoid it once they do an actual trade so better deal with it.

Who else didn't loses on the way? That's impossible. Even the best, professional, and hardcore traders lose on the way. Panics, regrets, weak hands are normal. Learn to manage those the proper way although it will take time.

Just make sure that we learn for every mistake. Make it a goal to minimize ours loses.

tbterryboy

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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.

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.

I have also done these mistake many times in my trading but I am slowly working on not repeating the same mistakes again and again and that could be the reason why I am slowly starting to see some differences in a profit levels. Yes, when we are conscious enough about not repeating the mistake then there will not be any big problem in becoming professional trader on day or other.

Only those people who are not willing to take time to analyse on why they have committed a mistake and what are the root cause for that mistake, may consistently repeating the same mistake. Those kind of traders surely will lose all their capital and may go for getting loan for re-starting their trading. I mean if we are not working on NOT-REPEATING a mistake then there will be no sense to continue in trading.

tbterryboy

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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.

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.

I have also done these mistake many times in my trading but I am slowly working on not repeating the same mistakes again and again and that could be the reason why I am slowly starting to see some differences in a profit levels. Yes, when we are conscious enough about not repeating the mistake then there will not be any big problem in becoming professional trader on day or other.

Only those people who are not willing to take time to analyse on why they have committed a mistake and what are the root cause for that mistake, may consistently repeating the same mistake. Those kind of traders surely will lose all their capital and may go for getting loan for re-starting their trading. I mean if we are not working on NOT-REPEATING a mistake then there will be no sense to continue in trading.

ife2020

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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.

Trading mistakes are normal, and it is not a crime at all, but it becomes a crime when you refuse to learn from your mistakes.
The process to learn from your mistakes are easy and convenient; identify the error made, and take corrections always.

It is not about whitepaper or litepaper, but following the extenal efforts of developers in the crypto sphere which ranges from partnerships, products, exchanges listing and others

Findingnemo

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My only mistake is not selling the coins when I see profits, I expect much more and more like complete bullish run, by this I am not losing my capital but I tend to lose the profits which are supposed to be in my bag.So anyone if you see a good increase on the coin then try to make profits out of it.

Alert31

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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 also experienced like what you have shared when i was new in crypto trading. But now i learned a lot specially in understanding the graphs and charts in trading. It is not easy but you will learn if you are interested to learn. Trading is one of the best way now that we are in covid19 pandemic to earn profit,but always be careful to avoid loses. Also learn from your own experienced and mistakes.

jcpone

sr. member

Activity: 685

Merit: 250

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.

We can only learn in trading by simply through our experienced when we are in the actual trading.
And without our trading experienced we cannot determine our mistakes and we can't able to grow without
this things too.

minairia3

sr. member

Activity: 1498

Merit: 326

Vave.com - Crypto Casino

These are the problems of some people when it comes to asset management. Trading is not bound by emotions but you must reconsider first if you are ready or not to compromise money in your pocket. We can agree to disagree about your case but to help you understand how dangerous to play with the market.

All suggestions by sheenshane is true. Learn to apply it without having any second thoughts. For example you are buying token or coin at certain price, if you think you feel and know that it will go higher dont constantly checking up the price with the tracker, give it some time cause this market is more volatile than just a stock. If you lose at least you tried. If you earn some sont be greedy and take it. Wait again for opportunity for a good entry.

Hope it helps you.

sheenshane

legendary

Activity: 2492

Merit: 1232

Good thing you know where did you get mistakes so that you can correct this in the future when you're in trading again.

Probably the solution to your mistakes.
For number 1, this is very hard to predict and I think all traders will suffer on this. You really don't know the movement of the market, predicting the exact time of buying and selling point is very difficult. So, it might "Patient" is the key if you know that it is a potential coin you're going to hold.

For number 2, DYOR(Do Your Own Research), this is very as a trader because in a wrong decision you can't undo everything and pull out your losses. Think twice before you act.

For number 3, "StrongHands" this is what you need. Dont panic selling if you see any correction that may occur on the market, everything will be bounced back at the right time, the word "patient" here is still applicable.

I suggest not to trading if you have negative emotion in your side, make your mind clear, and focus on trading.

Shohag123

member

Activity: 385

Merit: 12

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.

Topic: Trading mistakes i do (Read 1330 times)