Topic: What are common mistakes and problems of the traders? - page 22. (Read 6988 times)

All currencies has a potential to gain much profit as long as we're able to determine the market prices and having a good strategies. Yes, they are unknown but in my analysis the prices of all currencies is unpredictable ,we buy a cheaper coin because our earnings is not enough for buying a top listed coin.

I cannot agree with you less on this position especially the first mistake which is about investing in unknown coin. Every noon trader believes by default that all coins have the potential to be like bitcoin and the time they are buying, they are actually doing it to cash out big and some exchange sites don't even help matter with the statistics they display. You see statistics such as the most traded coins, the most pumped, the most dumped, highest volume, promoted coins etc all in the last 24hrs.

However, its not possible for coins to be like bitcoin. I have fallen victim of those statistics before and I learnt the hard way that those green or red coins are really not the forces of the market but consistent manipulations of the outcome by those who knows the rule of the game.

I want to give you a top secret point , One of the most common mistakes is stop loss width , never put your stop loss too narrow , Most of the times it comes with loss when you put it too small , you're welcome!

Trading crypto currency is of the best way of maken money in the crypto currency market couple with investing in ICO and rendering crypto related services. Although as a beginner you will need to have a good knowledge of fundamental and technical analysis of the market as that is the way for you to be a successful trader in the crypto currency market.

Paying attention to wrong information/advice, that's the main mistake. Not sure what 'professionals' you are talking about, but they are utter noobs. If you keep believing in that, then you will surely keep making the same rookie mistakes.

Everyone with a working brain buys when the market is on its way down, and starts liquidating holdings once the market has gone up. Noobs need an increase in price to gain the confidence they need in order to start buying, and when they do, it's more often than not near peak levels. Seriously, if you keep sticking to that broken logic, you'll always keep wondering why the price goes down when you buy, and why the price goes up when you sell; get rid of that noob logic, especially if you want to make money instead of losing it.

Common market logic, where is it?

I think the main mistake of the most traders is that they buy when the market falls and sell when the market grows. It is necessary to buy when the market begins to grow and sell, if there is a downward trend. So say the professionals.

     There are lot of mistakes that should be avoid by most of the traders like:

1. Not choosing the best investments.
2. Not reviewing well and not researching well about the projects information and details.
3. Not constantly monitoring the market in which the latest update is very much needed for every decision to make
4. Not having an enough patience in which in the end of the trading will result of early to give up.

   If you will follow these suggestions then for sure you will avoid huge loses of your investments and high chance to be successful in trading.

Common mistakes and problems of traders are not having experience and immediately attempting to trade, others are being control of their emotions instead of thinking about it before deciding and trusting easily.

I agree that these mistakes are very common among beginners and allowing novice traders to lose money. But aside from these three mistakes, I single out one more, which, it seems to me, stems from them. Neglect of such a measure as the market capitalization of the crypto currency: the mistake is that when making a decision to buy a crypto currency, the trader pays attention only to its price, not taking into account market capitalization. This is a deliberately illogical approach to investing. Although the price of one coin is low, tens of billions of coins may be in circulation. Evaluate the crypto currency is not at a price, but by its market capitalization. This will allow us to more accurately determine the growth potential.

LOL, as I can see most of the people here are making money out of doing bounty campaigns, well I am one of those, in return the money I earned during campaigns are the one I used for trading. Some people  become succesful by campaign not about in trading.

I see a lot of traders regret selling their coin, wheh that coin pumps into a 10 or more dollars. Well it has something to do with emotion. Experience will be your best teacher, its not about books. You're the one who will figured it out.

But you are going to get nothing about trading knowledge other than signature spammers spam posts to increase their post count.
Do your own research no one will tell you the secret of their success.if you want to try trading there are some simulators are available so you can try it without losing any money and gain some knowledge.

Believing on the hype coming and that's a common mistake made by the traders since they can brought up on massive loss for believing so much for incoming pump given by the devs nor supporter. That's why we need to be more informative on the things we want to trade so that we will enter the scene with good profit gains.

Hello traders!  

I'm so happy to read all of your comments I appreciate all of your stories. I think all of you are have a good point everyone of us have our own experiences so we don't need to depend on what we are read about books, articles, that are base on others instead we just make our own studies to make sure that we can avoid often mistakes.


Thank you very for all people who give me an additional information and thank you for sharing you experiences and storie!  


I hope others could give me their thoughts and ideas I will treasure all of your comments as my references.



Thank you verymuch again

That's a good way to start trading you can keep on to learn more about trading, I new in trading cryptocurrency. But the other side I get to be a trader in cryptocurrency is very hard to do, yes I can say that. Theory is just a spice to start trading, the more we are our common sense to get the profit we want. It's going to be good for if you want to start trading do not just focus on the theory, the most important thing is you directly make a trade. So later you will realize the mistakes you make and you improve with the theories you have learned.

I think this is the most common mistakes I have encountered:

• Investing in unknown cryptocurrencies: Just because Bitcoin has achieved success does not mean that all currencies will achieve the same success, much invested in unknown currencies for this purpose.
• Do not multiply currencies: Some people think if they have all the cryptocurrencies they will make gains, so you find them investing in more than 20 cryptocurrencies.
• Investment without a plan: You will often lose if you do not have a clear idea of what to do

The most important advice is to have a safe wallet and some technical expertise to keep your cryptocurrencies safe.

I think that failure to trace the most undervalued coin and investing in a coin which is just getting pumped and dumped due to lack of market knowledge is the main mistake which majority of new traders encounter.Also traders should not be vulnerable to market fuds otherwise they would have o lose their investments.

Also traders should avoid investing in newer coins until they get stable in the market.

Patience mate. Thats the most important thing that trader must have in him while making the trades and investment. Many times people just go rushing their trades and make it worst or what can I say complicated! They refuse the idea of keep the coins for long time, dont use the tools like limit orders and stop-loss and thus loos more money than they can afford to loose it. I believe this should be one of the character people must have in them if they are starting any kind of trade. Literally we need to have patience while making the short term trade also.

Yes it is important to control our emotion, but i think the there are so many other reasons which are also responsible for the failer in trading, i think that we need to get some good experience first in trading and after that we can expect to become succeeded in trading and get good profit form it. i think we can get experience only if we will spend good time in trading.

I can enumerate some of the mistakes of problems that I myself have experienced since I am an trader but not pro 

1. Lack of patience - This is so far the worst problem of most of the traders at this moment. They want to gain some profits easily. They don't have this attitude called patience. Traders tend to lose some money with lack of patience especially if they don't know what to do when the coin they are holding drops below their buying price.

2. Emotion first before strategy - This is very hard in my experience and I know that some traders felt this too that they put their emotions in trading rather than thinking of a strategy. I know emotion is hard to control but as a trader, we must know that emotions will not help us in trading. Now, I don't put any feelings when I am doing some trading. When my bought coin drops, I will hold it and be calm and relax. I know that coins are volatile, the only thing I need to do is just wait or accumulate more if it drops.

3. FOMO or Fear of Missing Out - I have experienced this once, in the verge partnership with FUCKING PORNHUB. Yes I got FOMO'ed because I bought at peak. As a newbie trader like me, don't think that you are too late when a certain coin pumped already. Move on to another coin because there is a high chance that they will dump it in your face and in the end, you will be at loss. FOMO is caused by emotions. Its a common mistake for us newbies but don't do it twice.

4. Jumping into trading without proper knowledge - I know some here want to gain some profit right? The question is are you equipped enough with information and knowledge you need in order to be a successful trader. I am trading right now but I am also learning because I know that there are many things to learn in trading. Traders tend to lose their money in trading because they don't want to learn. The only thing in their mind is to gain profit. Take note that soldiers don't go into a battle without their weapons. Same with trading, information and knowledge is your weapon.

There are more but these are common mistakes and problems of a trader. Hope this help you

I guess most common problems of a trader is emotion. Idea of a trader is buy low and sell high but this is forgotten  when emotion strike you. example scenario, A trader buy at he think the best buy point but suddenly after he buy the price is continue to fall down at the deepest dump. So he's panic mode and thinking that the price still dumping so he sell even below at his buy order. Big mistake, he loss funds with emotion