What are common mistakes and problems of the traders? - page 9.

dominos

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Quote from: bastian466 on July 24, 2018, 09:38:43 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

Good points here, but I will add the most important one - don't be too greedy and don't be too fearful. For newbies remember to not play on high leverage when you starting you trip with trading

anntlevel

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I think biggest is the fear and emotions. I mean the "bots" are now advertising emotionless strategies where it will do stuff according to indicators and not put any emotions in it since it is a automatic bot. The only reason for that advertisement ever working is humans acting with hype and buying and selling based of on their emotions. People should try to react like a robot and not put any emotions in it. Professionals do that and noobs needs to learn that.

brijeshmota

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Day traders have no patience. patience is the key of success.

websoftwareengineer

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Quote from: Muwatti on May 05, 2018, 08:28:37 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 problems of every trader is they always lack of patience and that is the reason why people are losing a huge amount of their investment every time the market price is dumping.

bungphe

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Not having a trading plan or sticking to one

Experienced traders get into a trade with a well-defined plan. They know their exact entry and exit points, the amount of capital to be invested in the trade, and the maximum loss they are willing to take, etc. Beginner traders may be unlikely to have a trading plan in place before they commence trading. Even if they have a plan, they may be more prone to abandon it than seasoned traders if things are not going their way. Or they may reverse course altogether (for example, going short after initially buying a security because it is declining in price), only to end up getting "whipsawed."

ratna altika

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many ... others think that if they are going to trade, scammers, losers, money can not be returned. that's the common problem with a trader. but more.

kumala_abi

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Quote from: G2z_Riya on July 24, 2018, 05:18:46 PM

Common mistakes that were encountered by the traders most of the time were the lack of analysis about the asset we had chosen for trading needs. There are assets that has got long term growth as well there are few that fluctuate regularly. For trading needs one with the regular price fluctuation is required. In this way a segregated usage could help us profit good.

most of trader do not prepare their self with trading skill.so they could not choose best coin or token to buy.without any analisys we just depend on our lucky, and hope it will rise.

G2z_Riya

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Common mistakes that were encountered by the traders most of the time were the lack of analysis about the asset we had chosen for trading needs. There are assets that has got long term growth as well there are few that fluctuate regularly. For trading needs one with the regular price fluctuation is required. In this way a segregated usage could help us profit good.

BilHim

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getting too attached to your coin. the best traders cut their losses, and quick at that

Edraket31

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Quote from: bastian466 on July 24, 2018, 09:38:43 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

There are lots of consequences in our decision, there is no perfect decision in trading you are really risking some of your investment, but it is fine for as long as you will not easily give up especially when the price goes down, it is on our own strategy how we are going to set goals about what we are aiming at.

Jaci

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Nice issue. Emotion is the main problem here. All common mistakes and problems of the traders created from this emotion problem. Only your trading experience can help you. Besides you can try this :
#Never trade against the trend
#Stop trade for at least 1 hour if you lose 2 trade in a row
#Never try to recover. It means over trade not recommend as well.
#If you go on profit make sure to get the best benefits from that day. It means make maximum profit for that day.
#If the server or net problem occurs or if a trade takes some more time to place then avoid a trade for that time.
#If you deposit 10$ then make withdraw as soon as it goes on 20$ profit. It means if your deposit goes on double then withdraw immediately.

bastian466

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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

Yatsan

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Quote from: maydna on July 23, 2018, 12:58:02 AM

Quote from: znaneswar on July 23, 2018, 12:24:13 AM

in trading, even after years of losing money month after month, ‘traders’ still believe that the only reason they have not become a millionaire is because they haven’t found the right strategy yet.

It is impossible to predict where price is going to go in the future.

Be prepared by having a fixed stop loss in place. Anything may happen at any time like bad news dump coz single trade could wipe out your trading account. Don't change your trading approach after a few losing trades Stick to your approach.

and to solve their problem, there is no other way except to keep the practice in trading so they can find a good strategy that will work well for them. I think it will need a time before they can find one or two good strategies but still, it is worth to them to keep trying to make a profit and avoid the mistakes. yes, I agree that to prevent from the loss, we need to use stop loss function so we can avoid to get a big loss and besides that, we can learn something from this so we can make another strategy to recover our balance.

This is our common mistakes as a trader, if we loss we are trying to recover immediately or so called "greed" somehow at some point chasing profit will only lead us more to a great loss or worst case, bankrupt. Finding the efficient strategy for you is not really a thing, why not creating your own? own decision and own results. Giving up onto decreasing valued coin is not losing anytime but a wise decision for a moment.

Cotton Candy

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Quote from: Muwatti on May 05, 2018, 08:28:37 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.

you have to pick, what sort of broker will you be: long haul or informal investor. I think, that you better to pick first compose. In any case, the market isn't developing. I figure, that it will begin in not so distant future. So you can begin to purchase coins now. I assume, that great venture to contribute is ElonCity. This venture is made for making power accesible and less expensive. Its primary accomplice is Krypical Group. It's great, cause the greater part of their associations were succesful.

dominos

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Want to be a better trader? Focus on your and market psychology and learn some basic stuff - don't panic buy or sell assets. Also, please make your own strategy/style of trading to have an advantage to the market.

TrollinU

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https://eloncity.io/

I think, that you need to choose, what kind of trader will you be: long-term or day trader. I think, that you better to choose first type. But the market is not growing. I think, that it will start in near future. So you can start to buy coins now. I suppose, that good project to invest is ElonCity. This project is created for making electricity accesible and cheaper. Its main partner is Krypical Group. It's good, cause all of their partnerships were succesful.

Hassan02

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Quote from: anavir on July 24, 2018, 07:24:29 AM

Quote from: rileynicole17 on May 06, 2018, 06:01:39 AM

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,some are incourage to engage in trading without proper knowledge on how to trade because they heared that somebody got rich because of trading.Other factor is being impulsive because you don't know how to control youe emotion like for example, you heared some negative fake news then you easily jump into conclusion on withdrawing your investment because you are afraid you might loose your money without reviewing first whether that news is true or not.

this is some mistakes also that you may not yet even know , and you may finally knew how important is basic knowledge and research while you are in trading and you may have a lot of mistakes , well even that you have a lot of knowledge but you may not take some experience you may never understand what you are doing too. take all in a balance situation

Redhead5

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Quote from: funnynews on July 24, 2018, 06:38:54 AM

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.

Yes, it is really helpful if we have a specific plan and goals before deciding to make a trading process. Because if we dont have the specific plans this will lead us to come up with a poor decision making in times of unpredictable bearish market trends.

anavir

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Quote from: rileynicole17 on May 06, 2018, 06:01:39 AM

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,some are incourage to engage in trading without proper knowledge on how to trade because they heared that somebody got rich because of trading.Other factor is being impulsive because you don't know how to control youe emotion like for example, you heared some negative fake news then you easily jump into conclusion on withdrawing your investment because you are afraid you might loose your money without reviewing first whether that news is true or not.

PancherBitCoin

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Quote from: funnynews on July 24, 2018, 06:38:54 AM

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.

I understand that you mean a long trade, not a daily one? In any case, you need to set certain goals for which you will be guided. But to date, there is a very good application, even on mobile devices that alert you about changing the course of your coins.

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