The most important lesson that I got now is to be able to learn how to survive in a trade, especially maintaining existing altcoins and not being tempted by the offer of giveaway from certain parties, I can also regulate how we invest long-term and short-term in cryptocurrency
For me, the lesson i learned is never attached your own emotions into trading. Trading needs more knowledge and technical analysis and involvement of emotions can be a destruction on the success of your trading. And having a long patience will be very helpful too by not jumping into a negative conclusion that will surely cause losses in the end. 
Topic: What is the most important lesson you have learned in trading. (Read 1153 times)
August 07, 2019, 04:48:27 PM
That you should use all the possible tools to increase your efficiency. Let me share my story.
It was a year and a half ago. I was a pretty experienced trader already and used to make deal at nights. That was pretty convenient and, you know, meditative. But one night changed it all. I felt a bit sleepy and weren't as cautious as usual but still decided to trade a bit. Started with my beloved BTC/USDT and managed some alts simultaneously. At one moment, I found that didn't close two drowning positions... I ended the night with $50,000 loss. Devastating feeling. The problem was that I didn't put correct orders when I had to, manually. There weren't Stop Losses at the exchange.
After that night, I conceived and developed my beloved tool for automated crypto trading - Superorder. It delivers a lot of orders that traders can use at connected exchanges without leaving the main screen. Hope, with this platform and my story, more people will avoid painful losses. Good luck!
It was a year and a half ago. I was a pretty experienced trader already and used to make deal at nights. That was pretty convenient and, you know, meditative. But one night changed it all. I felt a bit sleepy and weren't as cautious as usual but still decided to trade a bit. Started with my beloved BTC/USDT and managed some alts simultaneously. At one moment, I found that didn't close two drowning positions... I ended the night with $50,000 loss. Devastating feeling. The problem was that I didn't put correct orders when I had to, manually. There weren't Stop Losses at the exchange.
After that night, I conceived and developed my beloved tool for automated crypto trading - Superorder. It delivers a lot of orders that traders can use at connected exchanges without leaving the main screen. Hope, with this platform and my story, more people will avoid painful losses. Good luck!
The most important lesson that I got now is to be able to learn how to survive in a trade, especially maintaining existing altcoins and not being tempted by the offer of giveaway from certain parties, I can also regulate how we invest long-term and short-term in cryptocurrency
The most important lesson has to do with staying calm in all situation, if you're in loss don't panick. If you do it'll result to you making wrong decisions and you'll definitely regret in near future. Also when you're in profit, stay calm too. Over excitement can also lead you to making wrong decisions. For example, been in profit and getting over excited can lead to you making greedy decisions like not wanting to sell at your initial cash out target but wanting to profit more and since the market is highly volatile, your profits can easily turn to losses in matter of minutes.
I agree, our psychology must remain stable, both at a loss or at a profit. so that we can still analyze healthily. of course the target has been set before the transaction, and after that we must obey analyze before anticlimax occurs
The most important lesson in trading that I got from trading No longer do things that make me a loss,As long as I run gradually by continuing to try to trade, little by little the benefits I get, certainly what I have learned so far is very important for me and the fortune as well
I have learned not to hold any coin for too long because it can turn worthless or a dump. Sekk off once you have the urge or need to. Crypto is an unpredictable business and I have got myself some losses trying to keep some coins that later became a scam.
If you are unsure and you already loses your trust in this kinds of strategy, working with short term trades can work but really risky since you haveto work with good knowledge and skills to find the right moving coins and start chasing some benefits around the market.
In my opinion, for a beginner, there is not the most important lesson worth paying attention to, since for a person who is just starting to learn trade, studying the whole subject is the most important lesson. A trader who already has experience may encounter a situation that will affect his future actions and this may become his really new and good lesson.
Putting in you money in the wrong coin or asset is the worst mistake you could make in investment decision and then trying to trade those coins for high amount which is not possible in any situation. So it is always suggested to research about the assets in question and the ones you think could give you some returns. Based on returns, BNB and Bitcoin are good. 
just as you have said, i have learnt not to lean or totally rely on people's prediction because most are not just accurate. i have also learnt patience. cos without patience one is liable to loose a lot and while one is patient one must also be smart enough to trade at most profitable time. finally i learnt that one may not have it rosy all the time, take the best opportunity while it last and consider future.
i have very little idea of trading am i must say that i have followed this pattern for long and i must say it is amazing. it works for me but i am still batting with the issue of FOMO. I fall victim for several times. buying in the bull market. A wrong step that i have failed to correct several time.
I was also a victim of FOMO in my first years but i never regret those times i had lose because it also taught me a lesson.Now i learned that it's best to trade from my own research and not just relying on what other people say or do.Loses are just normal and so we should never be discouraged when it happen to us. September 24, 2019, 11:33:47 AM
Some of the most important lessons i have learnt are
Done trade lower time frames as they are manipulated and misleading
Do not trade on news consider TA as first priority
use proper Risk Management
do not risk more than you can afford to loose
most importantly wait for the setup to come to you , do not jump into trades, make up your plan and then trade the plan.
Done trade lower time frames as they are manipulated and misleading
Do not trade on news consider TA as first priority
use proper Risk Management
do not risk more than you can afford to loose
most importantly wait for the setup to come to you , do not jump into trades, make up your plan and then trade the plan.
September 24, 2019, 08:44:01 AM
The most important thing that I learned from trading with cryptocurrencies is that it's important to always have a plan and know when it's time to walk away.
If you do not take into account daily trading, then only for long-term trading you need to have a certain strategy for all your assets. To do this, you can study the minimum and maximum prices and set coins for sale or purchase only within this framework. Someone may call this greed, but I believe that this is the goal that every trader should pursue. But the most important thing is not to succumb To provocations that very often occur on certain exchanges.
The most important lesson that I have learned is to not listen to announcement that a specific coin is going up or down. This are just to make way for whales or pump and dump groups to make profit and leaving you behind. Stick to your own plan and research.
To answer this straight forward, the most important lesson in trading is that, Don't Rush
I'm saying that because if you are rushing too much and you are putting much money at risk, it's not going to end well. Yes, of course, you had some couple of wins where you have traded well and gained high percentages. In life, there's no fairytale. You could really end up losing more than you hoped for. That's what happened to me and some of it is regret. I regret being greedy, I didn't stick to my rule of thumb when trading, being impatient with what's happening, etc.
I don't want to experience losses that I couldn't bear, it's better to control risk and the capital involved so that you wouldn't hurt much. As long as you know what you are doing, you could manage to continue it and possibly profit.
And this lead us to another important lesson which is to control your risk, many dream of overnight profits and becoming rich in a matter of weeks and months and that is not the way it works, they think that if they invest all their money in the right ico or ieo they will become rich, and they are right, but the chances of doing so are terribly low and when they fail they lose everything, instead if someone is really interested in making money with icos he should limit his risk and at most invest 1% of his capital, that way if you lose most of your capital is still safe. I'm saying that because if you are rushing too much and you are putting much money at risk, it's not going to end well. Yes, of course, you had some couple of wins where you have traded well and gained high percentages. In life, there's no fairytale. You could really end up losing more than you hoped for. That's what happened to me and some of it is regret. I regret being greedy, I didn't stick to my rule of thumb when trading, being impatient with what's happening, etc.
I don't want to experience losses that I couldn't bear, it's better to control risk and the capital involved so that you wouldn't hurt much. As long as you know what you are doing, you could manage to continue it and possibly profit.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
The most important lesson has to do with staying calm in all situation, if you're in loss don't panick. If you do it'll result to you making wrong decisions and you'll definitely regret in near future. Also when you're in profit, stay calm too. Over excitement can also lead you to making wrong decisions. For example, been in profit and getting over excited can lead to you making greedy decisions like not wanting to sell at your initial cash out target but wanting to profit more and since the market is highly volatile, your profits can easily turn to losses in matter of minutes.
What I have learned is the most important thing that probably everybody should keep in mind while trading. We all have made mistakes in crypto trading and have learnt from it.
What I have learned is that the market always recovers sooner or later. This only goes with the popular potential coins and not for shitty scam coins with no scope of future.
I have seen people selling at lower prices than they bought and that is the biggest mistake they are doing. I as a long term holder have learnt that we should never sell our coins in a loss.
If the market has gone down and your coins are in a loss then just hold on to the coins patiently and it will recover sooner or later.
What I have learned is that the market always recovers sooner or later. This only goes with the popular potential coins and not for shitty scam coins with no scope of future.
I have seen people selling at lower prices than they bought and that is the biggest mistake they are doing. I as a long term holder have learnt that we should never sell our coins in a loss.
If the market has gone down and your coins are in a loss then just hold on to the coins patiently and it will recover sooner or later.
The most important lesson I have learned in terms of trading is tk wait the price increases but the opposite always happen in trading. And if you think it is higher price than the usual, trade all the tokens you have because later on, the price will not recover.
I have doubts before I trade my assets, I have a lot of what ifs so I end to nothing. From million money turns to stone and this is my saddest part of my life. My friend and relatives told me to sell all of my tokens because they won't believe on long term holding in crypto. If I believed them before and no trust issues maybe now, I became millionaire.
I have doubts before I trade my assets, I have a lot of what ifs so I end to nothing. From million money turns to stone and this is my saddest part of my life. My friend and relatives told me to sell all of my tokens because they won't believe on long term holding in crypto. If I believed them before and no trust issues maybe now, I became millionaire.
hero member
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Leading Crypto Sports Betting & Casino Platform
i have very little idea of trading am i must say that i have followed this pattern for long and i must say it is amazing. it works for me but i am still batting with the issue of FOMO. I fall victim for several times. buying in the bull market. A wrong step that i have failed to correct several time.
I was also a victim of FOMO in my first years but i never regret those times i had lose because it also taught me a lesson.Now i learned that it's best to trade from my own research and not just relying on what other people say or do.Loses are just normal and so we should never be discouraged when it happen to us.I am sure that many of us have those experience because we don't have much experience and skills to determine the market. But if we can learn more about trading, I am sure that we can prevent that thing and we can analyze with good. The problem is when we cannot get something from what we learn, and we still make the same mistake, that will be bad for us to continue the trade. I am sure that all of us still learning about trading because we want to make more profit.
I have learned not to hold any coin for too long because it can turn worthless or a dump. Sekk off once you have the urge or need to. Crypto is an unpredictable business and I have got myself some losses trying to keep some coins that later became a scam.
Well, that's a lesson we should recognize in a market like this because so many people are abusing this holding for a long time like in the past, they always think this is a safe method for them but they don't know, whales and markets are constantly destroying such goals, the purpose for this process is to want shy people to leave the safe area, want this market to have a higher trading volume. After this lesson, it means that people need to upgrade every day before the market attacks them, should not be arrogant 
One thing I have learned is that if you're trading, always try to accept loss. If you lose a trade, don't try to fight much in trying to recover everything cause it might just lead you down the road of extra losses. So, it's best to just accept that you lost and wait for another and also try to do some research that might be of help the next day you trade.
I also do forex and stock market same as you, and I also do binary which is the same thing as forex and crypto. I don't really have to be stressing myself with doing research on forex because I make use of a platform that allows copy trading. So, I focus more on crypto and then copy experts on forex trading, placing trades as they place and making money when they are making money, and losing when they lose as well.
I also do forex and stock market same as you, and I also do binary which is the same thing as forex and crypto. I don't really have to be stressing myself with doing research on forex because I make use of a platform that allows copy trading. So, I focus more on crypto and then copy experts on forex trading, placing trades as they place and making money when they are making money, and losing when they lose as well.
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