Topic: What are common mistakes and problems of the traders? - page 7. (Read 6967 times)

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

You must not be too emotional and do trading without a clear plan. When you are overly emotional, you are prone to making mistakes and as a result losing money....

After receiving my bounty reward, I do trade the coin I've got. As a trader, most of my error is I cannot determine if this coin is right to be sold in this particular time or not. I do hold some shit coins (Yea its true)  it also do happened that I sell the wrong coin. I think this is probably the biggest mistake I've ever done in my life.

The common problem with traders, especially newbies is FEAR (of losing their money), but you need to understand that there are risks involved and this is like gambling, so anyone who is into it is ready to do lose or win, they are always ready to accept whatever may be their fate so you must also do the same.

Another thing you have to do is avoid greed, cause if you follow the path of greed you will end up in heavy regret. Just do a lot of practice, invest little and take courage, slow and steady wins the race.

Common problems faced by traders are wrong to take a buy or sell position so that they make a loss, sell panic when the coin purchased has decreased considerably, while the coin has decreased only temporarily. The most important trading success tips don't panic

Relying on luck alone, luck might give you a
chance of winning a trade but knowlege gives
you more chances of winning. So think again.

As far as my limited experiences are concerned, the most common problem is that I sometimes swerve from my original calls. If you are a trader, you must be objective, and stick to it. Before you make your buy and sell calls, you are already setting a specific prices or range at which points you will do your buying or selling. However, at times, the excitement or disappointment or greed or panic will get the better of you and you will end up not following your original plan. Most often, it will cause losses and regrets.

there are many mistakes and problems that the traders facing in the market, they can be selfish, too confident, and become greedy but they don't remember that the crypto market is different than the forex trading. so they forget about this and finally, they make a mistake but some of them realize that they need to change their trading way so they can prevent to make the same mistake in the future. some of us can learn from the mistake and not do another mistake but the other cannot learn from this and they still make the mistake again.

The attachment of too many funds in one of the cryptocurrency and weak skills processing and analysing of news.

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. 

The most common mistake lies in the emotional factors we have. Sometimes we are too confident and vice versa. Making some targets is what I want to do from now on so that emotional factors won't be the main factor in my trading habits anymore.

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.

Fear, lack of self confidence and being impatient. That 3 factors are the common mistakes and problems of traders. We should always be brave when we are making investment with trading. We should also trust our self always for us to earn money.

Common mistake is just like selling the coin early. That's what I did last time. Now I'm on a great lost. So I suggest for you not to sell those early so that you can't experience what I did.

The common mistakes and problems traders make is not having the knowledge of making trading decision using technical analysis at appropriate time.

This ugly trend has resulted in losing money in trading meaning some traders don't consider the movement of bitcoin when buying altcoins.
Traders should know that if one wants to make profit in altcoin,the person should wait for bitcoin to hit a strong support level or closer to it.
If the bitcoin hit the support level,the trader should buy altcoins knowing that if btc going down ,altcoins will go down,if btc is stable altcoins will move up.

Some traders also fail to use stop loss thinking that once bitcoin moves up and stabilise,altcoins will move not knowing that support of bitcoin might be broken and the support might become resistance and this result in loss.

Some traders make mistake of following the signal given by strangers they don't know of which sometimes they buy at high price.

Traders also makes mistakes of buying already pump coin as a result of getting news of a particular coin late,and this happens to those traders that have no knowledge of technical analysis.

Traders make a mistake of selling a coin below the cost price to whales as a result of whales manipulating the price of the coin,and this happens to the traders that have no fundamental knowledge behind a coin they are holding.

Overtrading can be simply explained as being too impatient. The only way to make money in the market is to wait for profitable opportunities. Nobody can make money with trading every hour of every day. Relentless patience and discipline are required to be a profitable trader.

I think common mistakes and problems that are often experienced by traders are lack of knowledge and understanding in trading, traders are often impatient, they always think that what is done now is the best, without taking into account further, traders are often carried away by emotion see the price that always goes up and down every time makes the traders emotion even sometimes their emotions are not controlled so that the traders immediately sell their bitcoin, fear of loss is also a problem and error faced by traders.

A wise person once said, to get win first thing is to overcome your fear in any field. Implementing here, definitely a newbie or even some experience people often get afraid of starting something new. This let them undergo a phase where they don’t come out the box. Their thoughts become limited and they don’t try to be creative in that environment which must be broken.

You have a great point. In addition some common mistakes and problems of the trader are the attitude of being greedy, that even with good enough profits they suppose to earn they are not contented to availed it, and somehow they will get missed the good opportunity at all, and felt disappointed at the end.

Lack of information, most traders are uninformed of current situations affecting the value of currencies they are actively trading.

Fear and panic, traders often panic when a trade goes against them, even if they have seen a potential uptrend. And they lose their ground, and when the trade eventually comes in their favour, it's too late.

Staking more than you can afford to lose. Regardless of the potential you see in a currency, always and only stake spare cash, never go all in on a particular asset.