What are common mistakes and problems of the traders? - page 4.

Wipeout2097

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Quote from: Muwatti on May 05, 2018, 09:28:37 PM

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.

Trading is full attentive job and need patience to gain profit.Major rule is buy in low and sell in high,dont panic sell just find best moment where maximize the profit.
Invest in different stable coins to minimize the risk of loss.

V. J. Meyer

member

Activity: 308

Merit: 10

It is too hasty and not decisive, so many people have led to losses while investing a certain coin. To me, patience is the key to success

Jahmal32

copper member

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Quote from: Muwatti on May 05, 2018, 09:28:37 PM

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.

Well, first of all, always use a stop loss order! Definitely! If you do not have it on the stock exchange, then unknowingly entering into a transaction can go at a loss and stay there for a long time. Next, this is the correct entry point into the trade, as well as exit from it. Before trading you should know these points! That is, you should review the charts and identify its potential targets using technical analysis, tools, patterns! Trade not all Deposit, distribute funds. To do this, you will need the rules of money management! Well and further like clockwork goes! do not forget to take profit, and in case of a failed trade loss! Profit to you!

karavay_71

member

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Probably it is hurrying and except greed are the most dangerous ones, these things may probably do the most harm to the portfolio.

Chronos_angel

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Quote from: Muwatti on May 05, 2018, 09:28:37 PM

Hello 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 problems experienced by traders are impatience, greed and inadequate technical analysis. This is what usually makes a lot of losses for every trader

cavaBcoin

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Activity: 181

Merit: 12

Quote from: BitcoinTurk on September 08, 2018, 10:19:00 AM

At the beginning of the mistakes most often made by investors, we can see that the "panic" situation has arrived. No doubt investors are panicked when price fluctuations are experienced or sudden price changes after any good / bad news. Whilst panic sales and panic purchases are always harmed, whale traders have the opportunity to profit from one side. That's why every investor has to know how to manage himself in such situations, and he has to make himself ready for this situation. Keeping calm while causing panic damage always helps to get better results.

Almost all members in this market have their own thinking about biggest mistake. Yep, as we all know a very farmiliar phrase “Panic selling”, it definitely mentions to most beginners who are lack of knowledge. Because evidently when you get little knowledge, you probably don’t understand much about the field that you are focusing on. Besides, lack of knowledge can lead you to pescimistic, perhaps you got no confidence toward your investing or trading. Also, most people got faillure just because they don’t really learn from their mistake. In short, to do trading or investing or that sorts of things for a long time in crypto market, you need to build a wealth of knowledge, experience and skills.

SirLancelot

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Quote from: illnino on September 08, 2018, 03:40:32 PM

Quote from: kopamo on September 01, 2018, 03:46:57 AM

I think first mistake is for newbie they don't research about trade they think when price down they sell coin but that's not good for trader

Many people really think that crypto trading is something that is very easy. This is not true. These guys should learn much about this difficult business before they start it.

Not everyone think like that. Majority of the people in my country stay away from investing in crypto calling it a scam technology that has cost many people their entire savings. Even the government does not allow them to invest in such businesses.

No doubt it is not an easy job to earn money in crypto. Even researching and deciding to invest in an asset requires so much effort that many people give up mid way.

112_blockchain

jr. member

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The most common mistakes are the lack of knowledge in this area and too fast decision-making, without any analysis.

korg1960

newbie

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In my opinion, the main common mistakes beginners cryptocurrency traders are the following: buying at the peak of the value of cryptocurrency; complete lack of knowledge in terms of security as the operations with cryptocurrency and storage cryptocurrency;rash, hasty transactions; the contribution of all capital in the first Deposit; lack of analysis of news feeds in the world of cryptocurrency; acquisition is not fixed, unstable cryptocurrency on the exchange. Of the problems-the lack of knowledge, ideas about digital e-currencies (what it is, the principle of action, risks, etc.).

KingdomHearts

hero member

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Quote from: ToyotaFortuner on September 07, 2018, 08:23:43 AM

I think the mistakes that traders often make are that they often make mistakes selling their assets at very cheap prices when prices fall because they are too easy to panic and cannot control the patience they have.

The most common mistakes that I see businessmen making right now is they loose their trust in the coins with fluctuation market values. This is a very irrational approach to deciding about the future of an asset.

Suppose Bitcoin drops further but it is just the drop in the price, and the services it was offering still remain the same and the market can take an upside down turn anytime so it is not good to loose your faith in an asset with a temporary fall in the market values. This is a mistake that most of the investors need to work on.

p i e c e

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Quote from: katri on September 08, 2018, 11:34:11 AM

commons problem specially to the new investors is panic selling of coins. When price goes down they immediately sell their token and they contribute to the downfall of the price. Buying in the hype also is one of the biggest mistakes of crypto investors.

Very often, the beginners prefer to believe some rumors about altcoins, some new tokens that appeared and invest in them. They do not check these alts as simply do not know how to do it. Finally, these altcoins die, and these guys lose.

illnino

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Quote from: kopamo on September 01, 2018, 03:46:57 AM

I think first mistake is for newbie they don't research about trade they think when price down they sell coin but that's not good for trader

Many people really think that crypto trading is something that is very easy. This is not true. These guys should learn much about this difficult business before they start it.

Kira Del Rosario

newbie

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Quote from: Muwatti on May 05, 2018, 09:28:37 PM

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.

One thing is greed and one thing is impatience. Greed takes all. Including you. This is a common mistake for everybody who're in cryptocurrencies. They are losing trades because of their greed. If they thought that the coin might go up until, they will not sell. The next day its down they will be down also.

Itjoker

full member

Activity: 532

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I think there are following typical mistakes of trader:
1. Buying on top and hype;
2. Buying asset without any own research about it;
3. Don't follow principals of diversification and money management;
4. Believe to "super signals" of somebody;
5. Trade with that amount of money which he (she) can't afford himself to lose.

katri

newbie

Activity: 140

Merit: 0

commons problem specially to the new investors is panic selling of coins. When price goes down they immediately sell their token and they contribute to the downfall of the price. Buying in the hype also is one of the biggest mistakes of crypto investors.

vagsun

full member

Activity: 334

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Quote from: Muwatti on May 05, 2018, 09:28:37 PM

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.

There are many mistakes and problems which ar faced by traders. The major problem is that traders are impatient ,they panic very soon. Secondly traders have fear of loosing, which again is a problem , as sometimes they even sale their coins at the amount lesser than what they actually paid to acquire them. Sometimes people enter crypto market as traders without the necessary knowledge. So one should overcome these if he want to be a successful trader

BitcoinTurk

hero member

Activity: 1666

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At the beginning of the mistakes most often made by investors, we can see that the "panic" situation has arrived. No doubt investors are panicked when price fluctuations are experienced or sudden price changes after any good / bad news. Whilst panic sales and panic purchases are always harmed, whale traders have the opportunity to profit from one side. That's why every investor has to know how to manage himself in such situations, and he has to make himself ready for this situation. Keeping calm while causing panic damage always helps to get better results.

Glemiv

newbie

Activity: 58

Merit: 0

As a newbie, I made these mistakes.
- Failed to realize the trading fees
- Not checking the 24 Hr trading volume
- Started depositing into trading site without being aware of minimal withdrawal threshold
These might seem minor but it isn't for new comers.

ronsaldo

member

Activity: 217

Merit: 17

Fear of taking risks in his/her crypto investments. We can't blame a trader if he is afraid of doing some risky decision because his goal is to make money and why he can do that if the ICO is not legit and the coins he buy suddenly drop the price. So it is better to to control our fears so that we can have enough courage to do what we wants.

richmcrich

hero member

Activity: 1120

Merit: 507

Quote from: Muwatti on May 05, 2018, 09:28:37 PM

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.

Someone once said to me that trading with a poor win rate and risk ratio is something I should always avoid. According to him if your trading you should always make sure that your win rate or percentage is above 50% (let’s say like 60%), well that aside. The mistakes traders makes, there are lots of them and I will start with not using stop loss.

I can never trade without stop loss, that’s a lot of risk to take there. So always make use of stop risk. Another thing should be adding to a losing day trade. These two I can mention for now.

Topic: What are common mistakes and problems of the traders? - page 4. (Read 6967 times)