What are the usual mistakes that newbie traders usually do? - page 11.

Moon Catcher Pro

newbie

Activity: 51

Merit: 0

Quote from: fanBit101 on July 26, 2018, 12:38:22 PM

I think, emotional trading and non-targeting specific as well as fund coordination and speculation options are fundamental mistakes for newcomers to the trade. I experienced these lessons in the last 3 months.

Hi guys? saw the news? Huh

Do you think this affects the price?
https://www.mooncatchermeme.com/cryptocurrency-services-firm-alphapoint-is-powering-a-new-decentralized-exchange/
I think if the market grows, then the coin will follow.
What do you think?
I participate in the community: http://www.insiderport.com/ Look, maybe you'll like it.
and tell me your opinion

jiryuksan

newbie

Activity: 33

Merit: 0

I am too confident with the trading signals I follow, it is not really accurate and I suffer significant losses, since then I dare to use personal analysis, initially very difficult in the trial and error process and in the end I found the actual pattern, the signal which I pay every month can be processed with personal perception, not to be executed very raw, there must be a personal analysis.

nl247

full member

Activity: 518

Merit: 145

From what I have seen for a while now and with some of those I have talked with, over assumption that they already know everything that is needed to know about trading is what kills most of the newbie traders, forgetting that you cannot learn all about trading in just one day and transition from knowledge gained from the books to experience matters a lot.

This is the reason why once they start practising, they go in big with a huge fund ready to start making big profit, and then when reality kicks in they start shaking like a lost cockroach. Always practising with what you cannot afford to lose and taking your time to get it right, or even using unreal funds from demo sites makes better sense. It is just quite unfortunate that most people in this age are just busy looking for fastest ways to get rich and that affects their decision making entirely when it comes to anything.

richcorner100

full member

Activity: 616

Merit: 100

https://exip.live/

When i first doing trading in to crypto market, i did some mistake , that is bought coin on the top, too greedy and thinking the price will going up forever, and also i did not use stop loss order. Learn from these previous mistake , now i try to make better strategy, and become more understanding price action of crypto.

SirLancelot

hero member

Activity: 2576

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: market field on July 26, 2018, 07:30:19 PM

I have been through a new beginning so I know this feeling. New entrants often fear when the market goes down. They have no knowledge so their patience is not there. When the market goes down a certain level they do not have the patience to wait, they will sell the hole what they are.

There is absolutely nothing in crypto to fear about. You can loose and earn in the traditional market and well as in the crypto market so it is not a very new concept. The rise and fall in the price should not scare you away because you loose not even a penny as long as you do not sell your coins. Besides, the loss could be minimized by wearing a rational behavior and making wise decisions based ion the market condition.

lordmick

hero member

Activity: 868

Merit: 500

As usual newcomers make such mistakes as:
1. Sell in red market, when the price already has fallen;
2. Sell in green market, when the price already has pumped;
3. Don't follow the principles of diversification and risk management;
4. Trade with borrowed money;
5. Don't use orders and purchase assets on market prices;
6. Getting FOMO and etc.

princesspoppy

member

Activity: 634

Merit: 10

Quote from: isidrorex on July 26, 2018, 12:15:59 PM

As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?

Common mistakes newbies do in trading are:
a) buying at high price
b) not knowing what kind of coin they bought and how that coin earn
c) doing panic selling whenever they see price drop
d) not putting limit to the profit they want to earn
e) being greed

babykika2027

full member

Activity: 715

Merit: 101

first time I trade, the first mistake is "panic sell, fomo", for that learn about some analysis technique is very necessary for beginner, some times I lost because wrong prediction, and too rush in making decision

The Seller

full member

Activity: 397

Merit: 101

a mistake that beginners often encounter is that they will simply choose a coin that has given them a little profit and then buy again and fall. I've ever felt and in the end suffered a great loss because it can not be more patient.

Jennycrypto

newbie

Activity: 27

Merit: 0

the usual mistakes newbie traders do, is buying in bullish period, and not knowing what coins to buy at a given time. again not understanding the candle.

CCF_news

newbie

Activity: 88

Merit: 0

For me, the most important mistakes were:
1) Inability to wait for a good moment to enter the transaction
2) Lack of knowledge about technical analysis strategies
3) Greed

newinbtc

legendary

Activity: 1190

Merit: 1001

~ Invest in an ICO without proper research
~ using trading websites which are fake - preferred to use trusted one
~ panic selling when he/she feels he going to lose all investment _ Result - loss
~ they only check how much coin grows in last 7 days or 24 hours without checking it was real growth or fake one like pump. and loss.
~ improper knowledge of crypto trading they only know one way of trading buy low and sell high

Remember crypto market is always on high risk and its 24/7 market

sublime5447

legendary

Activity: 966

Merit: 1000

In general, mistakes are often is panic, whether it's panic selling or panic buying. That panic can be triggered from the mistake of choosing a valid news source, even sometimes they just hear a rumor come out of nowhere. Then the life problems that brought along when making decisions mixed with emotions.

okocrypto

newbie

Activity: 112

Merit: 0

The common mistake newbies make is not knowing when to get in and out. Not knowing your source of information is also another factor that make them attach emotion to trades.

MRY

full member

Activity: 560

Merit: 109

I think the mistakes often made by beginners are buying and selling coins at the wrong time and they can not control emotions well so they will easily panic and make a loss

Orville_Brown

newbie

Activity: 21

Merit: 1

Quote from: fanBit101 on July 26, 2018, 12:38:22 PM

I think, emotional trading and non-targeting specific as well as fund coordination and speculation options are fundamental mistakes for newcomers to the trade. I experienced these lessons in the last 3 months.

Yeah, and like said above as well, the FOMO feeling that comes with emotional trading. It's amazing how easy we can fall victim to that feeling when we are trading. I've seen myself do it so many times. Even if you think you won't do it, you'll find yourself looking at a chart with wide eyes and wanting to jump in. Just stop and check yourself before every execution. Have a checklist of rules. Don't break your rules.

That also goes for stop losses and profit targets. Know how much loss you can tolerate, and how long you can handle being in that trade. Sometimes the trade is ok to wait in, if there's clear indication on the longer term charts that it will be moving in the direction that you anticipate. Sometimes patience is critical.

Harith65

member

Activity: 462

Merit: 10

there are several mistakes which newbie are doing in trading. first one is they tend to buy unwanted positions. for an example if price of coin is high and they think that it is going to go moon. but actually it is going down instantly. second one is as newbie we can't weight for the moon. in small price change we are tend to sell. it is not a good thing and we have to be patient to moon. if we are trade with much money we had better long term trade and if we have small amount we have to trade short term. as well as we should consider transaction fees also.

waichi

full member

Activity: 359

Merit: 100

Reinventing Decentralised Finance on BSC

Newbie traders common mistakes are being eager to earn without enough knowledge. They trade with too much emotion. They usually chase the uptrend that is why they end up being a bagholder. The first thing a beginner should learn is when is the right time to buy a coin.

pumbum

full member

Activity: 434

Merit: 100

I think newcomers should learn to think critically to be able to present a different point of view to the community, not necessarily the most pleasant one. this causes resonance and finds its associates. and it gives even more strength and confidence in their forecasts. Therefore, the most important thing is not to go after the crowd, which can and most often is wrong

icecube45

legendary

Activity: 1218

Merit: 1000

There are many mistakes made by newbie traders, this is reasonable because newbie traders still can not understand the trade. The mistakes that newbie traders often make in my opinion are emotions, messy risk management, and no trading plans. It is not easy for newbie traders to be able to control emotions when prices are very volatile, so many newbie traders who make mistakes so get a loss. Lack of risk management and not having a trade plan also causes newbie traders to lose, both of these factors play a major role in avoiding huge losses.

Topic: What are the usual mistakes that newbie traders usually do? - page 11. (Read 1961 times)