What are common mistakes and problems of the traders? - page 5.

semutracing

full member

Activity: 350

Merit: 100

Quote from: ?? on ??

I will not say if there are two or three factors that depends on characteristics of a person but there is a big cake peace as a mistake subject that nearyly everyone did it is : Impatience

patience really determines a person's success when doing a trader, but besides that the strategy also determines the size of the results he gets, so it's not just impatience that is their fault

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

The problem that often occurs with a trader is that they cannot exercise good emotional control.
Most traders make mistakes because they experience panic and also do not have good patience.
A trader should learn something like this from the start because this is a very important capital.
If a trader can control their emotions, I am sure that they will get closer to success.

leavolnhals

full member

Activity: 770

Merit: 101

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.

The fault of these new traders is that they have no patience and blind investment. Although reading through a lot of books on smart investment, but sometimes I make mistakes when investing. So we need to experience a little capital first, then we need to recognize the hole in the investment and fix it to make more profit.

deppil

hero member

Activity: 1008

Merit: 501

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.

That is a very common problem. usually only happens to lay or newbie users. because users who have experience will certainly know
that price reductions are a natural thing and of course prices will rise again. just need a little patience

SPdiginomads

newbie

Activity: 224

Merit: 0

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.

Emotions are pretty solid leads to bankruptcy. Dont get too excited and panic when trading in cryptocurrency. The market is very volatile and one needs to understand that. The mantra is buy low and sell high! People get panic when purchase the goods higher when maket continuously falls down. The best option is to HODL until market recovers because cryptocurrency once again is volatile it goes up higher on bull market and goes gown on bear market. Dont get your emotions attached and goodluck to your trading career.

Bakemat

sr. member

Activity: 779

Merit: 250

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.

Most of the new people who are joining this industry are just investing due to the hype in the market and they did not really know how the system works, in this way they will lose profit when the market prices are dropping due to panicking.

haydrop

newbie

Activity: 50

Merit: 0

trading with emotions is a big issue and it affects ones decision alot

KGBx

full member

Activity: 364

Merit: 100

The most common mistake in my opinion is becoming a trader, seriously, it is a incredibly risky affair in todays crypto, probably you'll loose more than earn with such market.

Le Anh

newbie

Activity: 84

Merit: 0

Trading requires risk and the risk here, need to be a calculated one. Having a calculated risk, means having a working strategy that can earn you profit. Mistakes traders make, could be as follows: not having a working strategy; trading with emotions; not applying risk management in trades; greed, and so on - as it varies by individuals.

Knabu

jr. member

Activity: 56

Merit: 1

Emotions & bad R:R-trades.

You can know every candle by name, every pattern and everything about everything. But once fear & doubt sets in your mind, you'll forget everything and do irrational decisions.

You can get rid of fear by experience, that's the hard part. Getting rid of bad R:R-trades is much easier.

ToyotaFortuner

full member

Activity: 574

Merit: 100

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.

kerremy

newbie

Activity: 31

Merit: 0

I think, one of the common mistakes and problems of traders is to make the wrong decision when they start to see big changes in prices. This is a serious problem in the crypto market due to the volatility of this cryptocurrency.

Technically, this is difficult to avoid because you involve emotion in trading. Therefore, besides having the right strategy, to overcome this you must have a strong mentality.

yesyes18

member

Activity: 546

Merit: 12

In my opinion, one thing i have realized to be a major mistake is about the way we think when the prices of our coins we trade are falling. When prices are falling, most people pray it goes down further so that they can buy at a little bit low price so that we can sell when it goes up. But the question is that who will take the prices up? Well, unless someone who will take the courage to buy at the current sell bid or a group of people who will do that and at the end of the day the manipulation keeps on going on and on. Should everyone buy at the bid order, crypto would be lovely.

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: Yatsan on September 07, 2018, 06:18:50 AM

Quote from: Kurokonobasuke on August 28, 2018, 07:54:04 PM

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.

panic, lack of patience, greed and sometimes, foolishness. The market itself is really volatile which most of the time plays with the minds of those who are trading. Due to these that I've mentioned, they are making mistakes that oftenly results to loss of profit. They are being eaten by desire of earning bigger without criticizing the behavior of the market carefully.

What the main is the state of some being impatient and soon will result to overthinking and panic. I, on my early stage trading really experienced that kind of feeling or been on the situation where i thought giving up will be the best option to do so but its not. I keep telling myself that its normal, everything is normal and will be on a better situation. Positive minds will result to positive outcomes with help of time.

Answer on this question is very complicated, because people are complicated. Panic, lack of patience, greediness are just some of the psychological problems we are facing in trading. It has different projection on every person, to talk more about this problems we need to know a lot more informations. In this things everything is on individual level, there are so many factors that affect final answer for each person. In the end of all things positive mind is what push us trough the day, on any job, don`t think about quitting, practice makes perfection, even when you are doing everything wrong it`s not a end of the world, it`s a learning process, and that process can be painful in so many ways. Keep it simple, keep it positive and like that you can be better every next day.

tulezua

full member

Activity: 279

Merit: 100

Important decisions can be an investment, friendship, recruitment, or transfer to a new place. Exemplary people are always scrutinized before making a key decision. They will not rely on a source of information or opinion of a person. Instead, they consider all factors and consider their circumstances and priorities.

Yatsan

legendary

Activity: 2436

Merit: 1232

Leading Crypto Sports Betting & Casino Platform

Quote from: Kurokonobasuke on August 28, 2018, 07:54:04 PM

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.

panic, lack of patience, greed and sometimes, foolishness. The market itself is really volatile which most of the time plays with the minds of those who are trading. Due to these that I've mentioned, they are making mistakes that oftenly results to loss of profit. They are being eaten by desire of earning bigger without criticizing the behavior of the market carefully.

What the main is the state of some being impatient and soon will result to overthinking and panic. I, on my early stage trading really experienced that kind of feeling or been on the situation where i thought giving up will be the best option to do so but its not. I keep telling myself that its normal, everything is normal and will be on a better situation. Positive minds will result to positive outcomes with help of time.

CryptoDoing

jr. member

Activity: 67

Merit: 1

The most common mistake is excessive emotionality and impatience. But all this can be compensated by experience, so the main thing is to work on your weaknesses.

binting

member

Activity: 210

Merit: 10

knowledge is the most important thing for trading. bookish knowledge would help in this issue until you have a direct contact or involvement with trading...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....

pelipurlara

member

Activity: 364

Merit: 10

Quote from: bastian466 on July 24, 2018, 10:38:43 AM

which I experienced in trading difficult to manage the emotions of the situation in the market is always not in line with the mind, must have the patience of other people's suggestions are not necessarily have a bright point. the key patience to be a wise trader

in addition to controlling or managing your emotions when looking at the current market situation, strategies that are inappropriate in trading also greatly affect our success as a trader

Catswold

sr. member

Activity: 518

Merit: 251

Psychology! If you're new to the investing world please read about human psychology when investing. We all heard it before, buy low and sell high. However, that just doesn't happen. In fact, 90% of people do the exact opposite. I, unfortunately, am part of that 90%. See, I got caught up in what we call FOMO (Fear of missed opportunity). I bought both Chaincoin and syndicate very high. I saw how well Chaincoin did so I speculated that Syndicate would do just as well. I also took advice from a very high rated YouTube channel to buy syndicate without doing my own research. Now I'm not blaming anyone for my losses besides myself. I choose to buy those coins. I just broke my own rules. I told myself I would never get caught up in FOMO and I would do my due diligence to research a coin before I bought. I was doing pretty well until I lost track of my thoughts because I wanted to make easy and quick money and I saw these two coins being hyped up I fell for the bait. Just know, in order for people to make a lot of money quickly in this world, someone has to lose a lot of money.

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