In my own opinions there are three common mistakes or problems of the traders
1. Being impatience, a trader must have a long patience because trading is too serious we should take time to avoid unnecessary happenings because when you rush things you are making it more complicated.
2. Lack of knowledge, trading needs a deeper understanding and skills to avoid to be fooled by anyone.
3. Uncontrolled emotions.
Topic: What are common mistakes and problems of the traders? - page 19. (Read 6988 times)
Common mistakes of traders I think, most of them are panicking, they make panic selling that why they lose some of their profit after gaining it. We can't really avoid it, especially if the market is losing its price.
I find the common mistakes made by traders are:
1) Not researching enough before investing.
2) Unable to control emotions and invest due to FOMO.
Yes, having small knowledge about the coin you are holding will lead to confusing and the result is trading in unprofitable outcome, second is the dilemma of trading due to FUD can lead to panic selling and lastly is the time you have spent on market monitoring since traders needs enough time for value monitoring. 1) Not researching enough before investing.
2) Unable to control emotions and invest due to FOMO.
Hello traders!
I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders? And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?
Can you share your thoughts and experiences about tradings.
Thank you in advance.
I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders? And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?
Can you share your thoughts and experiences about tradings.
Thank you in advance.
Panic is one of the common mistake that will come to most traders especially for newbie. They afraid of losing more money when they see the price movement is against them. Cut the loss usually will be taken when we are panic and frankly, that is the big mistake I've ever made.
bitcoin give us the avenue to handle our transactions with minimal fee charge and absolute control but there is nothing that can stop technical errors, hacking or human nature. one just have to be extremely careful. some of the mistakes and problems associated with trading include; using exchange's wallet to store the coin, storing all your coin in one wallet without proper security, panicking about price change, frequently changing from one currency to the other, not learning about the trade and getting information
Fear . I think this is the problem most traders encounter. And my self is like that, the time when I first invested I lost a lot because of this. And now I have improved it.
what kind of fear do you mean?because maybe someday I will enter the trade also later, therefore I also need to learn.
Someone can correct me but I think it is the fear of trading itself. Since we all know that trading involves around risk, you inevitably trade most of your resources and hope that its price may increase today. I believe, that is the fear thay every trader must conquer in order to maximize profits.
In my opinion, most traders do not consider and observe the market whenever they do the process. They subconsciously trade resources without having to consider a lot of factors to minimize risks. Lastly, most traders invest everything without having a contigency plan if their investment lost. This tends to leave them lost and bankrupt.
Risk and emotions are crucial problems of traders. You need to trade and you understand at once what I mean.
I was a trader but I understood fast that it needed to change something in the better way and I have become an investor. Investors's life is more quiet and profitable on the long term.
I was a trader but I understood fast that it needed to change something in the better way and I have become an investor. Investors's life is more quiet and profitable on the long term.
And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?
Allocation of all funds to one asset
Always divide your investment portfolio among different cryptocurrencies.
Panic and buying at peak
Do not give in to emotions, be patient and judicious. Do not sell coins at the next bounce of rate.
Ignoring the news
Both positive and negative news are important. Analyze the information received and try to foresee how asset owners or potential investors behave.
High expectations
People quickly become frustrated having heard about the incredible profits and started trading on stock exchanges. In order to achieve success at cryptocurrency market time and insistency are required.
Negligent attitude to safety
Always use two-factor authentication! It is very important to use a secure computer and to encrypt your data.
Storing profits on the exchange
The exchange is not the place which you can trust the storage of your funds. When trading in large sums divide the funds between different trading platforms.
Good luck!
I think the most common mistakes that traders/investors make are always derived from either too much greed or being too scared of losing money. Many people will lose money and have lost money because they keep thinking the price will keep going up when it reality it's going to crash after a certain point. The same thing applies for people who are too scared but instead they end up selling out of fear that it will never go back up again.
I find the common mistakes made by traders are:
1) Not researching enough before investing.
2) Unable to control emotions and invest due to FOMO.
1) Not researching enough before investing.
2) Unable to control emotions and invest due to FOMO.
Buying high and selling low is the most common mistake made by unsuccessful traders due to the temporary price fall in the crypto field.Most of them are doing crypto trading without the proper technical knowledge about it they just doing it like gambling but the one who want to be a successful trader in long term the knowledge and experience is important.
The common mistake that is been made by traders is the problem of been patient. Patiently waiting for good exit and entry could be a painful and tormenting. Ability to stay calm is golden.
In addition most of the traders are not contented even if they really get profit for 20-30% still not decided to trade. When the opportunity lost that the price going down traders are get disappointed and have fear doing trading due to painful feeling of big losses with missed out of good opportunity that lost.
Common mistakes and problems hindering Traders success are enormous that anyone or any Trader can on the spots account. But better still, aside panic sales which needs patience for FOU: Fear of unknown, ill experience that must be checkmated, improper or poor research, poor understanding of coin involved, imitation of someone else idea, lack of business discipline which must be in piety, putting all eggs in a basket instead of diversifying into pool of coins and emotion control among many others that had initially been enumerated by prior posters, I in addendum feels Quick decision should spontaneously be avoided or averted and equally,self starting with meager amounts can be implored even if lots of funds is available in other to have the personal study of ones particular opportunities or threats to be watched.
Above all, the mindset of risk should be worn in any case your decision backfires. Good luck.
Above all, the mindset of risk should be worn in any case your decision backfires. Good luck.
I think there are some things that make traders make mistakes in trading, the first is a sense of uncontrollable panic and it happens when traders see the market down and panic will come so that traders usually sell at cheap prices and lead to losses.
most of them do not use the strategies and targets to be achieved so that when they trade they get a lot of trouble and finally their level is not naek and despair.
usually a problem for traders is a lack of patience, always when you get a 10% profit directly sold while you can earn a profit tomorrow 20%
Fear . I think this is the problem most traders encounter. And my self is like that, the time when I first invested I lost a lot because of this. And now I have improved it.
Sure, trading is not for everybody. If you have some fear, you'd better do the other business. Another mistake is naturally impatience. Greed is also an enemy.
The common mistakes of a trader are:
1. A common beginners’ mistake is to look at the coin’s price rather than the market cap. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2. Traders don’t diversify their investments.
3. Many traders cannot spend much time in this market. Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process.
4. Some don’t have control on their emotions.
5. An additional common mistake is searching for crashed coins, in accordance to their value against the Bitcoin, hoping they will return to their glory prices. What goes down does not necessarily goes up again.
1. A common beginners’ mistake is to look at the coin’s price rather than the market cap. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2. Traders don’t diversify their investments.
3. Many traders cannot spend much time in this market. Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process.
4. Some don’t have control on their emotions.
5. An additional common mistake is searching for crashed coins, in accordance to their value against the Bitcoin, hoping they will return to their glory prices. What goes down does not necessarily goes up again.
The common mistake that is been made by traders is the problem of been patient. Patiently waiting for good exit and entry could be a painful and tormenting. Ability to stay calm is golden.
Hi friend, I am also the amateur. I lost much money on trading. But now, I just buy when I know in there are the event or long vacation in some big countries such as: Japan, Korea, USA. In this time, The price of Bitcoin and altcoins always increase 
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