Biggest mistakes are probably being too greedy overall. People will make a trade, see the price go up 20%, then decide to stay in even though it's clearly dropping. The 20% gain on your investment is good enough, but the majority of new traders will see that and not be satisfied. 20% on a trade is huge, if you kept that margin up you could become a millionaire over a long enough time period. Fear and greed, never be afraid to take profit out just because you think the price might go up more. It's foolish as hell.
Additionally people get emotional about their trades, you really gotta just check your emotions at the door when you start trading. Remain logical and you will win every single time.
Topic: What are common mistakes and problems of the traders? - page 20. (Read 6988 times)
The most common mistakes is made by new users who don't have any knowledge of how trading works and especially how crypto markets work. The first rule of crypto markets is to only invest what you can afford to lose and most of the traders end up going all in and than later get stuck with their investment in a bad trade. Also weak hands are going to get burned fast in crypto markets.
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.
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.
to avoid mistake in trading you need to start learning and get skills and knowledge researching is the way to got skills and knowledge to become great traders, but of course as abegenner can't avoid mistake mistake is the best lesson become successful in life, and also learn yourself how to control an emotion.
Practice makes man perfect,So sometime we read but dont implement practically should try practically.Avoid past mistakes but must learn from past mistakes and never take decision in panic either buying or selling.
Perhaps it is impatience when the market drops. Everyone is afraid to lose a lot of capital, so the hole is low. This action will cause the market to fall deeper. So learn patience no matter what the market is going on. And let's set a goal in business. Take profit at the price, so you will be more successful.
I liked your opinion about that. Impatience is the most dangerous mistake for traders. I think people who enroll in this field of trading should know how they use their brain smartly when they start to losing money. Panic selling is not worth at all in the most of the cases. Personally, as a trader, I never sell my token with loss, I always wait until the crypto will pump again and decide then to keep investing in it or to invest in other crypto. If you want to succeed in the trading world, you should learn how to control yourself in the worst situations and learn patience.
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.
The biggest mistake of traders is overheating in their decisions, and some of them may be too confident in the crypto they are investing in to make up for the loss. 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.
Common mistake and of traders is watching the price fluctuation because when you watch the changes of value of the coin you invested, you could easily get moved and make you emotional which may lead you to decide the wrong decision specially when you watch the price of a certain coin constantly dumping, you could sell your crypto in no time, that might lead you to have loss. So if you are a trader, just relax, think positive, and set goals.
I think it is fear and patience there are traders who sell their coin and they want it to happen so fast that they would put it in the lowest bid in sell prder .
And they would feel bad if the coin’s value would increase after a couple of minutes o hours when their token has been sold.
And they would feel bad if the coin’s value would increase after a couple of minutes o hours when their token has been sold.
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?
understand the chart, this is a big problem that you will find, you look at the chart and do not understand anything of what you are seeing, you do not know if the price will go up or fall, but you want to do a lot of trade, you want to understand every move that the price makes, you do not know where to learn, so it creates frustration, day trading is not for everyone, but everyone wants to do day trade and few are able to understand the chart.
And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?
fear of losing more and selling at a loss, with the passage of time you begin to understand the market and correct this problem
Can you share your thoughts and experiences about tradings.
well, I'm not an expert so I think it's wise not to share anything
Perhaps it is impatience when the market drops. Everyone is afraid to lose a lot of capital, so the hole is low. This action will cause the market to fall deeper. So learn patience no matter what the market is going on. And let's set a goal in business. Take profit at the price, so you will be more successful.
I liked your opinion about that. Impatience is the most dangerous mistake for traders. I think people who enroll in this field of trading should know how they use their brain smartly when they start to losing money. Panic selling is not worth at all in the most of the cases. Personally, as a trader, I never sell my token with loss, I always wait until the crypto will pump again and decide then to keep investing in it or to invest in other crypto. If you want to succeed in the trading world, you should learn how to control yourself in the worst situations and learn patience.
^^ I have read that and its very true, most of us will be coming from an investment stand point but in trading its best to enter and exit in a far more rapid way then normal market involvement.
A good tip that keys into that is to actually alot more time not being in trade but possibly planning or watching for ideal entry then you also plan the exit pricing. Hence when I look at a graph now I try to state possible ceiling but also underlying support below current pricing.
Another further idea is to scale in but also out of a position so that your gain or loss is not absolute and you do not get caught with too much 'size' at a weak price. Its probably a far more important idea for those traders successful enough to be trading in larger amounts that might get noticed on an order book.
A good tip that keys into that is to actually alot more time not being in trade but possibly planning or watching for ideal entry then you also plan the exit pricing. Hence when I look at a graph now I try to state possible ceiling but also underlying support below current pricing.
Another further idea is to scale in but also out of a position so that your gain or loss is not absolute and you do not get caught with too much 'size' at a weak price. Its probably a far more important idea for those traders successful enough to be trading in larger amounts that might get noticed on an order book.
I was reading an article by Timothy Sykes where he was explaining reasons why he thinks his trading students fails a lot to achieve something from trading. He mentioned that not cutting losses quickly is one of the major problems newbies do have and that is true. Most of these newer traders are used to holding and hoping that the price will go up and yet they keep on losing.
It’s better to cut your loss and wait patiently and see what happens next. So try to cut your loss immediately than wait while you keep on losing. He said a lot of things, but no time to write about all that here.
It’s better to cut your loss and wait patiently and see what happens next. So try to cut your loss immediately than wait while you keep on losing. He said a lot of things, but no time to write about all that here.
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.
As I know, not accept the result is problem. Some trader not follow their own rules about stop loss, take profit, hold to get more profit or to recovery their asset. What I mean is they don't have faith and believe with their own skill. Other issue is mostly about exchange rules and delay,no big deal. Try enter the market and learn it with your own faith and knowledge is the best way to manage problem and mistakes.
I think the common mistakes or problems of the traders are first are having no experience or knowledge abiut in trading we all know we should have enough knowledge and experience to do trading because it really complicated and too risky we should aware of what we are doing. Second, is patience we should not always rush things take it slowly and lastly uncontrolled emotions we should not always use our emotions add some intelligence if you are doing rigjt or if you're decision will make things right or make it worst.
Perhaps it is impatience when the market drops. Everyone is afraid to lose a lot of capital, so the hole is low. This action will cause the market to fall deeper. So learn patience no matter what the market is going on. And let's set a goal in business. Take profit at the price, so you will be more successful.
There are 3 main problems:
1) Newbies think that they know enough to start earn money. A lot of them do not even read Forex or Baby Forex.
2) Fear. If you have not enough knowledge it will be not a trading it will be a gambling. And in this case you will be afraid of loosing your money so strong, that you will make a lot of hamsters mistakes.
3) People give up after a big loss. Only an experienced trader know that losses are near by with winning. And if you are good in trading, it doesn't guarantee, that you will be 100% successful.
Don't worry to start!
1) Newbies think that they know enough to start earn money. A lot of them do not even read Forex or Baby Forex.
2) Fear. If you have not enough knowledge it will be not a trading it will be a gambling. And in this case you will be afraid of loosing your money so strong, that you will make a lot of hamsters mistakes.
3) People give up after a big loss. Only an experienced trader know that losses are near by with winning. And if you are good in trading, it doesn't guarantee, that you will be 100% successful.
Don't worry to start!
I think the most common mistakes are made by traders who don't know when to stop and continue trading when the price isn't good. I think that a trader should make only reasonable well-researched decisions
In my own experience, most mistake is emotional. It's hard to control my emotion in trading. Not patient, and finally i loss my money. But, now. i'm better good than first. I got more exprience and so many knowledge about trading, so now, i can control my emotion.
I think market knowledge is the most important thing for trading,knowledge would help in this issue until you have a direct contact or involvement with trading. From my experience, I can say that a right time decision is the most vital point for this issue. and traders always have to be careful regarding this matter.....
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