The problem that often arises for traders is that the value of Cryptocurrency prices changes prices quickly.
This will complicate the movement of a trader in managing coins and trying to make a profit.
I think you must have a good strategy and be patient in dealing with market conditions for Cryptocurrency.
Topic: What are common mistakes and problems of the traders? - page 6. (Read 6967 times)
First of all you need to know and believe it that making money is simple through trade stacks and Forex or Binary but not so easy. Really it so hard for them who have lack of patience on entry, selling very soon, Go to big losses from small lose, go after low opportunity, Over trading, hesitation and over confident. If you want to be a perfect and excellent trader then you must try for these qualities first. Never try for overcome if you make lose already and avoid trade against trend. Make sure about you have a cool mind when you start trading. These is enough I think.
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
Oh, yes, impatience is the #1 enemy of any trader, especially the newbie. I think we all managed to make mistakes when we started to trade. It is something that is normal for a beginner.
Yes you are right, there are a lot of people today who are very impatience and that is the reason why they are losing a huge amount of their investments.
General errors beginners, he does not know that the market is suitable for trading. To begin with, you need to study the market and its subtleties and, at least, technical analysis.
Panic and emotions that I cannot control. Most cases when I buy and the price of the coin goes down, I will feel panic and lose control of the emotions, then I sell the coin. My funds just disappear when this happens, and this is not good for me when trading. Especially if we play in the trade margin market.
To overcome this, I played Long-term, buying coins with low funds, for example, buying BTC, then holding it in my hardware wallet.
To overcome this, I played Long-term, buying coins with low funds, for example, buying BTC, then holding it in my hardware wallet.
As for me personally I would point out the main problem of mind in the past was that I have not developed a specific plan for my trading process, and now I am pointing the goals before start trading.
One of the biggest ones I can see is buying high and selling low. Now you may think thats obvious but people who bought coins back in 12k-18k bitcoin range and similar for other altcoin levels are afraid when it reached these levels and they decided to sell thinking it will go even further down.
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
Oh, yes, impatience is the #1 enemy of any trader, especially the newbie. I think we all managed to make mistakes when we started to trade. It is something that is normal for a beginner.
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
The common mistakes of the traders are they are too greedy, they aim high even it is not possible. I already regretted many good moments to sell my coins, I should now be rich today if I didn't became a greedy trader.
There is another serious mistake which is often met. I am speaking about the wrong choice. When the investor buys some shitcoins and believes in rumors about these tokens, he risks becoming a loser.
Lack of a clear strategy, non-compliance with money management and excessive self-confidence in a certain result, which overshadows the sober perception.
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. 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 think that most traders aren't patient being unable to evaluate the situation. they start panicking when there is no need to do this. To my mind, it is better to remain patient always
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 is greed(you always need to fix the profit) it is Also important to have technical and news analysis,+ never go when the asset is full . And just use your head and make money ,all profit ! 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.
Correlating a position adds accuracy I think and helps avoid a mistaken presumption in shorter term trades especially. So this guy mentions this idea, relating dollar index to forex pairs - https://youtu.be/UkkbzX33KxI?t=327
He mentions gold and personally I think gold has no similarity to Bitcoin however they do share the inverse relationship to the dollar. So if you are ever wondering on the strength to a move in BTC and motivation for buying and how long that uptrend might happen then imo look at Dollar some. A weaker dollar does help crypto generally I think as both are global currencies traded often in place of a countries own more nationally restricted currency.
He mentions gold and personally I think gold has no similarity to Bitcoin however they do share the inverse relationship to the dollar. So if you are ever wondering on the strength to a move in BTC and motivation for buying and how long that uptrend might happen then imo look at Dollar some. A weaker dollar does help crypto generally I think as both are global currencies traded often in place of a countries own more nationally restricted currency.
mistakes when buying instead you enter the selling column and vice versa. I was also stuck on a graph that dropped sharply but the trading volume was so small that I had to wait a long time to get a profit
When we buy make sure the price matches us later. do not be easily fooled by graphics, because graphics can go up and down every second. waiting for profit is a very good thing in trading .
In my opinion, the common mistake of the trader is the rush, the rush will cause us to lose the intelligence, so I think that should not be too rush will lose more opportunities in the future.
Not all the time we've been lucky and all are just winning. It happen sometimes that we also experiencing troubles and crisis. Some traders won't survive and leave crypto with hates in their hearts, but our life needs to face the hardest challenge in order to survive and make chances to win the fight.
That's why I believe in luck and I believe that if it's your time to get that profit then it would be yours. If it's your time or your lucky time even if the market is down then you'd still have the guts to win it but not 100% you have this lucky. So better be prepared and better to be wise enough in decision you deal with. 
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.
Base on my personal experience, my mistakes in trading are:
1) I sell good coins and keep in me the bad coins
2) I do panic. In times of low, I panic then I choose to cut my losses instead of wait and hold because the coin rise soon.
3) I should sold good tokens but I choose not to.
I still find how can I limit this kind of things especially the first one. I have to keep learning so that I will never repeat the same mistake. I also want to learn how to overcome my emotions because it is a big factor that affects me.
Yes, most of our mistakes are emotionally difficult to control in trading. Motivation that is impatient, greedy, and habitual is formed, maybe if you lose strategy and eventually lose money.
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