Bitcoin Forum

Trading is not a quick get rich scheme. But having quality knowledge about price movement of crypto asset is essential before taking crypto trading as a full time job.

There are several mistake newbies often make during the course of trading which are listed below:

1- Buying of a crypto asset that is already high without stop loss and  selling low because of uncertainty of indecision candle  in chart.

2- over reacting to sudden change of prices which leads to Panic selling.

3- Trading without any strategy  in mind before placing an order.
 
4- the fear of missing of out is another major strategy whales use in manipulating prices thats attract newbies to buy at all time high.

5- Trading with 100% of the portfolio in only a single trade instead of spreading hard earn money in different trade.

6-not taking proper rest and allow the brain to relax in taking proper decision in entry or existing orders.

7- Greed is never be satisfied with the little profit,is an emotions that create an hunger for more profit.this hunger for more profit without setting take profit or stop loss result to losses due to over excitement of trend movement that favors the trader

These are mistake that newbie make that result to loss of their hard earn money in crypto exchange trading.

Hence to avoid all these mistakes you need to to learn different trading strategy and different chart pattern and historical data analysis of crypto asset.

We have seniors in the forum , their contribution will be vital and help everyone to avoid mistakes ,these are just my experience and observation.
Have a cool crypto trading .

It's also not easy to understand.

Some of the things you have pointed out are usual to happen by newbies. In other words, normal and kind of human nature.

I believed it's good for newbies to experienced those at their first phase of doing trades. In that way, they will feel the actual environment in the world of trading. If they will be used to that, soon they will be more improved and now be able to control those things above. Even how they read the basic and must things to do when doing trade, they can't avoid mistakes.

FOMOing's something that I still do on a few occasions and I've been trading crypto for several years. It's truly difficult to not FOMO sometimes, especially when a coin has already pumped and seems to have more space to go upwards, but you'll only get better at this by removing your emotions from the picture (easier said than done) and trading more.

High leverage is available on several exchanges, but it's a good idea to not use massive leverage as a whole. Extremely high leverage can be like gambling, though lower leverage is just fine to use.

Another important thing you forgot to point out is Greed.
Greed can affect one's decisions on when to exit. You find someone wants to get 100% profit before exiting and eventually the coin price corrects before hitting the 100% profit target, and they end up loosing out. Sometimes they can even go to losses trying to wait for the coin to rise again to high 100%  ;D

Catching and releasing game starts with such small activities and trader usually loses balance at the end of the trading session. If there is a loss that you can afford closing this trading position is a better idea than holding with recovery hope.

I would much prefer on experiencing these losses for us to learn and would realize that our expectations or hopes isnt really fit out with the reality we are facing.
Mistakes do really happen and cant be avoided but by such experience you do gain along the way you can somehow lessen those losses if you do know how to learn up with it.

Both beginners and experienced people will never succeed if they trade in panic when they see market movements and greed when they will profit, trade normally and not take too much risk is the key to success and do some research before going into the market.

The problem is it is being introduced to the newbies like its a "quick get rich scheme". They say its easy, just buy low, sell high. Its not that easy.

I agree with all you mentioned above but I guess newbies need to go through all of those so they will learn from their mistakes. No matter how many times we remind them if this,they will continue to commit mistakes until they learned from it. I learned from my previous mistakes.

I think so too, greed to me is the major factor to newbie trade resulting to losses and also lack of experience play a major part in contributing to their trade losses. Some newbies don't know when to quit and move on to other potential profitable coins/tokens. They have this mindset of trying to recover their losses with that same coin/token that gave them the loss not knowing you lose some you profit from others and this is cause by lack of experience.

Yeah this is all a mistake, but for newbies they will inevitably encounter all of these along their way. I mean no matter how many times you'll throw a lot pre cautions and techniques to them they would never ever understand it fully until they will experience everything.
But there is one thing on your list that even regular traders are doing it, and Im no exemption, Fomo, because it doesnt always give you a lossing trade, somtimes it'll take advantage of the continuos pump of that specific alt, you just need to learn when to sell.

First of all trading is not like any other job and it is not easy also we need to put some attention on ditto investment especially when trading we need to be more careful because if your mistake was made by us it will definitely lead to loss only.

Agreed with all the points, beginner trader usually panic when the price suddenly crash and they make an action without thinking twice because of the panic. It's all about experience, beginner/newbie trader takes time to learn about it and i'm sure they will learn from their mistake.

everyone making mistake the experiences and most talented traders are also been mistaken in sometimes because it is nature we cannot do anything against it but the new we should definitely need to take it as a lesson for not doing the same mistake again in your life when you are trading so if you learn this you will be ready to trade.

Mistake happens to all trader no matter they are beginners, intermediate or even pro.
Regarding to panic, probably the pro who can manage this situation. Most beginners and intermediate trader will be still affected by their emotion once there is a price drop.
Yeah, learning from the mistakes is a must to make a better decision in the next trading activities. Overall, this is about money management and emotion management.

Trading is easy, finding a strategy is easy. The hardest part in trading is to accept losses early. if a trade doesnt work - stop it. take your losses and go on. but the most think: "yup... i will wait a bit longer, the turning point will come and i make money with this trade. sometimes it happens, you accept a 10x loss and go out of this trade with a 0.1x profit. the day will come and the 10x loss turns into a loss of your money.

Accepting losses is one of the most important things in trading business. the next important is accept wins - dont be to greedy 8)

I agree with many points here, usually what I have had in the past was overreacting or sometimes I just made a wrong decision, cause candles didn't change.
another mistake was robot trading, wish nobody would be that naive as I was

Actually, newbies don't know much about the price movement of various coins, so they don't know when to buy. Timing is very important in crypto-trading. If you can buy assets in right time then you can make good profits.

That's right, and they don't buy when prices go down, and they start buying when the line starts moving up. Then they are still waiting for the next high price, but suddenly, the price returns to a lower price. Not only beginners who make mistakes but I think other traders also make mistakes too.

Trading is not as simple as we think and without learning to trade, we cannot make good profits. All traders must start learning, and the learning process does not stop when we can make profits, but the process will always continue because the market will continue to change.

One more thing that we must always remember is not to panic when the market is down because once you panic, you cannot think of ways to deal with the situation and you will lose the opportunity to buy a good price.

So how about the old members? They even don't know when to buy just they are doing it based on their prediction with the hope of they are doing right.

Trading like gambling is the mistake done by the newbies which causes them to loss huge without knowing much about the trading initially.

Everything you have written is correct imo and indeed newbies need to consider every point before they get themselves involved into trading.
Your points should not only be for newbies but for all experience level traders. I have even seen experienced traders sometimes slips even they all the points you have mentioned.

That's the point I'm still working on after 4 years of trading and 2 years trading for living. I'm still to scared of missing opportunity for lambo than to lose money. Good think is that I'm aware of that and working on it constantly.

If we decide to make trading our full time job then we must be sure that we have studied it and we must also be prepared on the consequences that may arise sooner. Per experience, though i am not a full time trader, trading is very stressful and takes a lot of time which lead to health deterioration if not manage properly. For some they acquire wealth through trading but there are also who loses much through it so it is our choice if we would make that our full time job.

Before you start trading on crypto asset at any given time of the day , one of the first thing i recommended for both newbie and expert is to search for the latest crypto related news online or on TV shows  and analyses economic data of the crypto asset you are interested in and also the host country economic data where the asset is base if the country is experiencing crises or not . this will give direction on how the market will be going  through out the day , and also follow whales frequent twitting about a crypto asset who you are privilege to follow on twitter. before taking any critical financial decision . this will help alot to avoid losses .

That's right because we do not use greed to get big results by trading, we will never succeed in trading. the problem is to do good trading, don't ever get greedy and never take big risks

Well big risks often offer big rewards and that can be too tempting especially for those who are inexperienced with handling their emotions. All these mistakes will be committed by newbies. It's how they'll learn from them that will determine if they'll be successful or not.

Initially one should not take big risk, should go with small scale investment at the earlier days. Slowly need to increase the funds upon the growth attained through the same. Newbies should have the basic learning and further when they invest, the loss will be very low compared to that from an user who depend completely on luck for profit through trading.

News or signals nothing will help you in trading, price speculation is all is under your assumption if that gives success you will win if not you will lose the fund. Always try to join the exchange's telegram community to learn the continuous trading flow and price prediction things.
Last few weeks bitcoin and other cryptocurrencies volume has increased at a big level and I was waiting to see the bull run in coming days because of that. Launchpad investment double your funds in few hours once they listed on exchanges. Other than that we cannot guarantee at all.

Oh my god these are soooo perfect. I know it looks like these are stuff we already know but as a person who has been around for so many years now I have met with new people constantly and almost all of the new traders that got into bitcoin all have done the same thing over and over again.

I have met with a dude who asked me how he could purchase bitcoin during the 20 thousand dollar time, like he believed since bitcoin went from being 900-3000 thousand range to 20 thousand dollars range it was a great time for him to buy some bitcoins. I told him not to do it because it is already super high and wouldn't make sense but he bought all the same.

Noobs all make the same mistake, its like they are coordinated on doing the same mistakes over and over again but in reality they are not aware of each other but do the same mistake individually without knowing each other. These things are super common in all new traders, superb post mate.

Everything written here is true, why newbie fail in trading rather 95% of the traders close their account in loss, only 5% traders are successful. Trading needs a proper plan and to execute that plan you need to practice, practice and practice. Greed and fear are not biggest enemies of a trader, controlling both these factors means half way covered. A trading plan should be based on some analysis and based on that analysis, are of entry, exit and SL should be properly placed and adhered. A solid plan with proper execution (comes out of practice) can lead anyone to become a successful trader.

Newbies do not know all the principle of investing and trading and as such they are always making loses in their investments.  Stop loss is never in their trading plan and most time they over trade because of the desire to make it big.

I will not recommend for anyone to make trading as their main job, unless you’ve been into it for years and have also gained experience to the extent you have become an expert and very sure that you can live your life just by being a trader, cause if not, then you’re probably making a huge mistake. Don’t just quit your job because of trading, if you do, you might end up regretting why you ever did.

Wow that is cool and it’s really going to be of help. Greed is one bad thing lol, and lots of traders are quite greedy. No one is satisfied with little profit, they want to make quick money and huge profit in a once trade. Especially those ones that invest a little money and expect to make huge profit, more than what they invested before. Anyone who wants to succeed in this should learn not to be too greedy.

If you indicate such indicators, I am inclined to think that it is exactly 5% of all traders, these are really professionals who know not only the basics of trading, but also the entire cryptocurrency market and how it operates. All other users of cryptocurrency are practically visiting visitors who are trying to make a profit, which circumstances allow them to receive. But nevertheless, it is thanks to the actions of all traders that the present is supported in the circumstances of the cryptocurrency market.

I know someone who jumped into trading and got rekt completely after 3 weeks of trading, and this happened by placing very tight stops. This is what happens when people don't understand how leverage works. I literally warned that person to not proceed with trading, but did it anyway and this is the result.

The fun part (or the sad part, depending on how you look at it) is that I was blamed for the losses because I didn't want him to profit he said, lol. It's a classic example of how people getting rekt blame external elements and not themselves, which is why they keep losing because they don't know what went wrong. It's very silly but super common amongst get rich quick minded noobies.

The worst noobs are those who made some lucky profits at the very beginning and now think they know how the market works. Meh.

every important points are mentioned here so it will be definitely useful for the new people and also for the experience repeated because nowadays we don't have a proper guidance to be a good trader so following some good trading strategies and also learning how to regret the mistakes in this field was very important I think it will be helpful for them.

A beginner is very appropriate when making a decision because they are learning, by making smarter decisions, they will get an extraordinary experience.
This is good capital, when a trader keeps trying, they will have skills that continue to increase.
elieve that someone is struggling so hard they will get satisfying results.

Well, each and every one of us is guilty of this but the thing is that we cannot have it us, in as much as we strictly pray for success, some of our trades much surely fail no matter what, we can only try to keep it at minimal, whatever will be will be has been my watch word in this market, that is why I don’t allow the fear of missing out to manipulate me and make me make a mistake that I will forever regret for the rest of my life.

Now, I am learning to play along seriously with the whales too in this market because they have seriously dealt with me while I was a newbie and I am strong now and won’t allow them manipulate me any longer. I think many people are also learning to overcome FOMO and that is why the market is getting stable.

Yep, making mistake is brutally normal in trading or investing as well. I can say for sure that we all used to make mistake when doing anything especially in some first stage of the work.  However, it’s not a big deal when we make a mistake, because learning from mistake is one of the best lesson that can help us be more professional, careful. However, Remember that “ learning from your mistakes and, most importantly, and you should avoid making the same mistake twice”, it's a good way to save time and money.

With all these points you listed mate, I think you are the most senior in the forum LOL.
You have already said it all but my issue with many trader is that they read all these virtually every day, they have heard lots of advises and yet they still allow their emotion and greed to set in, because these are exactly the two that is destroying most traders and making them leave trading.

Another one I feel you didn’t add is impatience, this is also applicable to professional traders too and not just the newbies, most trader are really impatience even in the market we are in presently and that is why whales can find it easily to manipulate the market by panicking those that are not patient enough to hold on to the market.

Is a lesson many newbies learn along the way and is OK so far they dont continue to carry it along I think is good if they learn and fail retune a little and make a change Life is about forgiving your small mistakes and fixing them and moving on Trading is actually no better

Well, That the result of Rushing into decisions. Most of the Newbies nowadays tend to engage in such activities just because of someone told them a stories regarding earning by way of trading, without knowing what they are really into. Also, not that they don't have the Stop loss plan, they don't even what it means, or in general they no nothing at all.

That's why I always advise to those who wanted to try trading, to Educate at least the basic of it and the nature of the main industry they wanted to trade with. Well atleast they are aware on what they are engaging with,

in any case, life can be much easier than trading. In trade, you need to put a lot of nuances, While in life we ​​go with the flow, in order to push off from the coast in time. K But if we take into account the current state of the cryptocurrency market, then each user of cryptocurrency should be wary, because today the risks to our assets have increased several times.

It is a common problem in most newbies in the field of trading since most of them don't know the fundamentals and basics of trading that's why most of them lost and most of them quit after seeing the truth in the trading field. Which is why it is important to do your own research if you aren't familiar with the field that you are about to handle or else you will just gonna waste your time and money.

Mistakes should be avoid at first priority after that it is very important to learn from it, most of time new traders use to sell for panic which causes lose at the end, new traders should learn how to trade profitably and make advantage of even a disadvantage, with time technologies are being improve so better for us to take command over it and earn properly.

Before you start trading, it is necessary to study charts, diagrams and various trading strategies. And only after you get at least basic knowledge, you can start trading.

The points seriously reflects almost the same i am going through as a new trader and thank you for bringing these out. Slowly learning from defeats and losses. Trading is a good platform. Need to learn lot more when even playing in it.

Yes, it is not only newbies that makes such mistake because the moment you succeed in making profit through trade up to five times, I no longer see such person has newbie but unfortunately , along the line, many trader becomes more aggressive because they feel they have known it all and need to step up the game, by doing so, they end up falling a victim of what the OP listed in his points.

So, as a professional trader I feel that I am, I still keep those rules glued on the corner of my table to always remind me of the rules of trading because no one is above mistake whether a newbie or pro.

In simple terms, in my opinion, if we want to succeed in trading, how do we make decisions, whether it's the decision to choose coins and also the decision to buy and sell, we can get them if we can control ourselves or not be easily panicked

You can't learn anything if you don't apply them in real life,so just try to start with very low capital and the implement the strategy you are learned so far and make your trades perfect and create your own winning strategy.

for a beginner, it is almost always normal to make used mistakes on which a novice will learn. I hold the opinion that even a negative experience still benefits for the further development of professionalism. One of the most important bruises for a trader is to read the terms of trade on certain exchanges. Including it is necessary to take into account the limits, so that your funds will not be stuck on a certain stock exchange, since you could not adhere to these norms.

This FOMO has been the reason why we see so many rich people enjoying lives and spending on luxuries.
They made millions in cryptocurrency when all of us were sleeping. Initially the price had been very down. Say $1.
Four year of stay here and I bet you would have made fortune. Try to come up with ideas that could work based on the blockchain technology. This thing is getting very profitable with the passage of time.

Panic is an emotional problem that is difficult to control. Beginner traders have a great opportunity to panic and get caught up in trading emotions. yes..this can be trained by continually trying to trade and be patient. this is the hardest part for traders

I don't think so. In my opnion, the hardest part for traders is to identify when to enter and exit. This is very crucial part because in just a wrong decision, it can result to losses and more patience to wait it to rebounce or decline.

Enter if if the market is in dip so that you can accumulate more coins in a bargain price and sell if the market pumps   . there is no need to exit imediately especially if you are doing a good job  . 

only exit you think that your trading skills is not yet enough in which you experience more losses than winnings  .

i agree on the guys above that emotion or self control is the biggest hindrance that can sap our gains but that is normal imo because we are only humans , we are not perfect    . 

Newbie is very greedy especially when there's someone saying it easy to get money on trading and etc.  Wherein always jumping even have no knowledge about it and when they don't know what to do after putting money  they will repenting and will blame others and sometimes making complaint that crypto is a scam afterwards.  Lol  it's very funny actually how newbies reacting when making mistakes here inside of crypto world.

newbie is really hard to teach because they always prove themselves the best in this market and this makes newbie always face many difficulties in trading. I think very few people who are new to this market can succeed because this market really needs a lot of knowledge and any mistake will make you lose a lot of money in a short time. I believe that a greedy newbie is a good thing but needs to set goals before investing

Emotions affects your trading mindsets, if you can do limit your decision according to what trends are showing then you can proceed and survived
with this never ending fluctuations, think wisely before dealing with any position, learning how to adopt market change and avoid your emotions
to conquer when downfall seems to be more heavier than the rising trends, it can be learned you just need to find yourself willingly to free up your
mindsets and keep with your positive goals.

True, and for the record, there is no easy money in cryptocurrency. Working ourselves off makes us rich in crypto. If you don't work hard then no money will come to you because hard work pays off. I know a lot of people making trading as a full time job for them. They know a lot of strategy including TA in their trades so that they can win most of it. Nice criteria you got there. What I noticed most is this:

Greed is the number 1 problem on all traders. Just like gamblers, we are greedy for profit. Even if we lose too much we still grasping for profit. The best way to stop greed is to control our emotions. A simple phrase yet hard to do.

it doesn't matter if they only practice in trading. it will make them know more about the crypto market. the most important thing is
that newbie does not trade with a large amount of funds without qualified knowledge and skills, that is a big mistake

All traders have experience in panic and many of us still trying to control that feeling. And if we want to be a good trader, we need to know how to manage the feeling when we are in the worst situations so we can find a way to out from that trouble. Many newbies and pro traders don't realize this and make them sad because the losses, but once they can handle the emotion of panic, then they can start to see a new chance to make a profit.

We need to learn how to use the volatility to make profits,we don't have to limit ourselves just try as much as we can and get more benefits.

I saw many people were buying just the random coins from the exchanges without knowing what the coin is actually about which is why many people losses their money.

Newbie is greedy right because their knowledge is not enough about crypto on how it works. But everything have process for sure even us who are now successful trader when we are newbie last few years ago for sure we ate greedy too but now I contented when I get some profit. Achieving high profit is not bad as long as the coin is really potential like the bitcoin, ethereum and the litecoin.

This is why many people just recommend to hold and not look at prices everyday.  Every investment will go up and down and bitcoin is the extreme version of that.  Most people can't handle their emotions when dealing with these types of crazy price movements.

First of all, I would like to begin by stating in my own message that the only reason for the loss of new investors is that they do not use the stop loss feature. As you mentioned in the first article, the use of stop loss is a very important element when trading. On the other hand, in addition to this error, the fact that you do not use any strategy and panic sales, as you mentioned, is another factor that causes the loss of new investors. In addition, it is a very serious mistake that the whole capital is used in a single option because of the dreams of gaining in a quick way, because the fact that the portfolio is attached to a single area causes both the investor to make stress and not to make careful decisions. On the other hand, profit needs to be satisfied with sales. When the target is reached, we should not set new targets, and achieve our profit margin over our first target.

Some people are better off failing first, before they can learn before they realize how important it is to learn. Beginners want to get everything at once, but it doesn't work that way. You can be successful only after going the hard way.

Majority of the newbie's mistakes are they intend to earn as much as possible, then greediness always lead them into losses too.
And most of all they are very impatience as a novice traders which is not the quality of a true trader. They are lazy on learning about in trading knowledge also.

The fact is that I know such people who did not read smart books, but began with practical exercises on trading platforms. Of course, this brought not only successful, but also unsuccessful transactions. But it only strengthened them. Today, these are quite professional traders and they break the stereotype to train new professionals.

In which no trader has ever found it so easy in deciding when to enter the market or get out of the market except by using the technical analysis and fundamental analysis to study the market and decide when to trade which has really helped a lot of traders in their decision yet, studying indicators is not an easy task, it is also time consuming but we have no choice because if we are to do or trade with our intuition alone.

There is chances of us missing out of the trade, we just have to mix the three together to have a successful trading, Intuition without emotion, technical and fundamental analysis.

Most of it happens to beginners who are not based on experience and knowledge in trading, and I think the old players will not make mistakes in trading because they have experience from before.
trade requires patience and calm in a declining market situation and wise in overcoming it.

The reality of trading is as a newbie you are bound to make one mistake or the other resulting in loss. It's a learning process, reason why you are advised to start at small regardless of the amounts at your disposal.
Trading takes time and experience.

Because lack of knowledge in trading newbie's emotional are uncontrollable which resulting to make a wrong moves in trading its not easy to earn profit but like what sait in OP you need take advantage to make a good result because emotion is the no. One enemy of trader.

I agree.Trading is a learning process so it will take time for you to learn new strategies in trading that will mold you to be a good trader after a long years of experince.Mistakes will surely happen especially for newbies but as you keep on trading throughout the year,you will learn to minimize your losses and maximize profit.

Right. Most newbie mistakes are run by emotions. Greediness, panic , these are things that a trader can overcome if he manages to stay long in trading. The more you make trades, whether successful or not, the more they'll have sturdy decision making that doesn't depend or rely on the current market movement. That's because they learn new skills and trading features to hel them out.

This is exactly the mindset of many newbie traders trading with their total portfolio risking the whole account which amount to burning  the whole account obviously having a get rich quick mentality.
I will only recommend trading with 2 to 5 percent of the total portfolio with a good stop loss and good trading strategy although there is no perfect strategy but a good money management will cater for any loss incurred in the course of trading.
A good risk to reward strategy will ensure a trader making profit in a long term or runs with a sound compounding using a calculated excel sheet.

Mistakes are part of learning process in the field of trading. Not setting a trading plan is one of the mistakes of newbies and expecting to be rich anytime soon. Setting a well-defined trading plan is important as it will help them know their exact entry and exit points, the amount of capital to be invested and the amount of maximum loss they are willing to take. Trading is risky, they have to be mentally and emotionally tough. It takes preparation, determination, awareness, and understanding. Newbies have to be aware about money and risk management factors and to never stop learning inorder to acquire more knowledge and prevent from these mistakes.

Sometimes the mistakes will be easy solved besan and its type but in most of the time it will definitely give the loss and it will be at learning for everyone not to make the mistake again and it will not be a big problem in trading it happened in sometimes for everyone so don't worry if you are made some mistake it can be changed easily.

I know everyone do this kind of mistakes which helps us to know and learn even more than before but those who don’t learn from mistake suffer big lose at the end, but make sure you don’t hurry to sell and trade for day if you are new, after gaining knowledge you can take decision but till then trade for long term and don’t be greedy.

Trust me, not everyone is able to tell where and when they are making a mistake. Some will be making a mistake but won't be able to detect where the mistake is coming from. If you are able to detect what caused the problem and why you're losing, then you will be able to solve the problem without much stress.

A lot of them I know don't even make use of stop loss and they keep on losing whenever try set a trade. And they are fond of emotional trading which is very bad. Anyone who wants to be a an expert trader should learn not to trade with their emotion. Some trade with fear and some are greedy. A lot of them greedy, they are mostly the ones that bought at peak with plans to hodl and make millions a day but it didn't work out lol.

Greedy, FOMO and unpatient is some mistake that alot of newbies doing in trading. They will  confident to buy crypto after the price high but fear to buy when the price low because they just thinking crypto will keep getting low.  After this long bearish and all crypto dumped hard,  the easy way to make profit is by doing long term trading and choose only good coin. 

A newbie must continue to learn because they cannot possibly learn and get results quickly. Experience and skills must continue to grow because knowledge of market cryptocurrencies is very important for a trader. When all these phases have passed, a trader can be successful. The most important thing is to be able to get profit margins from selling and buying, various strategies are indeed many but the important thing is profit. For everything to be simple, we will feel comfortable in trading.

Thats for holder / long term investors must do. For a trader, of course looking at the market and chart at any time is important to find for opportunities. if you are a trader, then you must be strong against difficult conditions. Don't be weak just because the price falls then you panic, it's not the nature of a true trader.

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse.

at least the mistakes you have made can be very important lessons for you so that now you have had a lot of experience and can make you rich and successful when trading.

They are become greedy to chase the profit which they cannot always make, and it only makes them get to lose money. Having patience in trading is a must, and we should know that in the market, the price will move so fast and sometimes we are too late to follow, so we need to adjust our buy and sell price again. Besides that, sometimes newbie are forgotten to spread their balance into a few parts, and they will go all in for the money, but then they lose again.

Profit is the main element to do trade, but if we maintain our attitude during trading and control our greediness then we have a lot of chance to earn profit, but when we miss our chance to earn profit that meant the time is starting of our loss.
Well, we talk about newbie, sometime newbie get big profit by chance or luck wise, then they sure over confidence, that's why we said that we learn or earn from trading our experience wise. 

Trading for a long time doesn't excempt you from making the same mistakes as newbies would. I've been doing trades for almost 6 years now and there are times when i still fall to either greed or panic when the market moves steeply. The advantage that we have is that we have experiences that we can rely on to make up for those mistakes, unlike newbies.

I think that beginners are much more attentive in the cryptocurrency market, and they are trying to make much fewer mistakes, yes, while taking into account the many nuances that professionals are talking about.

Yes. Current gen traders do really spend time in analyzing the market and then pitch into trading then just get in and learn from loosing their money. I would say the reason behind their awareness is the seniors who really share their advices and experiences. Beginners now a days, do spent money on training them instead of investing the same amount in trading initially. I would say its a good move as well.

When i began my trading, i really struggled a lot in the beginning and yes lost 40% of my investment in the beginning Then, yes learnt little by little and tried trading with less amount. Though the profit was less, it was smoothing and satisfying. Then yes, started with good investment. Getting enough returns from day trading.

The most common mistake that people getting into forex trading make is that they get into forex trading.

The next most common mistake is that they subscribe or follow websites and individuals who claim to help them (see some of the door-to-door salesmen answers to this question).

The next most common mistake that new forex traders make is that they are not to blame when they lose, they convince themselves that the markets are rigged and they (the mysterious association of the faceless they) are to blame for the money the new trader lost.

First of all, let's close the issue that crypto will make us rich. Because the only difference of crypto is that it has a volatile price, and the price will not always move upward. Also, mistakes are the best way to learn the truth, it is not made by newbies, but also by older ones. Just try to learn all the time from your mistakes.

Is not only for forex trading but also with the other trading sites.
It actually we can't just put a blame with noobs cause they have that huge knowledge in trading but also for the old one's. Very often that they'll be losing as they are in the adjustment and learning process but it takes also the consideration that they could be successful in the future.

Before entering the market you need to prepare yourself psychologically.In fact, I would say that the loss of the first deposit is very useful.Sift out the weak and make it clear their mistakes strong. In this area, money is the best teacher.

A little mistake will leads to a huge loss so the newbie should definitely need to understand the situation with less investment then only the huge investment will be probably not been any confusion and the trading is also not been difficult for you.

All these rules are undoubtedly tutorials for beginners, but even following them the chances that a beginner will lose everything just because of his inexperience. In trading, it is very important to learn how to cope with your emotions and then all the rules will be able to be fulfilled. Again plays a huge role, and even better for a start it is necessary to lose everything and start anew, then you will think absolutely differently.

therefore we must have a mentality to start trading in this field. before starting the trade we must be able to know the risks that will be faced. for example, recent bitcoin price movements tend to decline more often, with this situation we must be able to calmly face the downward trend in sustainable market prices so that there is no panic and can easily throw away our investment assets without thinking about future growth

I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.

The scheme is useful indeed, but i think it is also highly important to make sure the platform keeps your data safe. There has to be some additional security features, 2FA or else

Good to you mate and you may learn it now. It is better to experience losses so we know what where we are wrong and to find the best solution for it won't happen again. It is not newbie have facing losses but also for the old ones. There is no need to be afraid of losses but this is away to build us stronger and wiser.

I just hope this came base on your own experience because it all happened to me.

I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.
Recently, I made a profit for like $300 but I am just worried of whoever bought it.
The price of that token when I sold it is like $0.2 and now at $0.01

That is a lot of loss but that is trading I guess, there are users who lose now and maybe a lesson will be learned afterwards.

All traders have suffered losses after all, and all traders have experienced mistake, but that does not make them desperate, it is precisely what is used to make you more intelligent in trading, there is no better knowledge from experience. I also often suffer losses, how greedy I am, buying at untrusted coins and many mistake, it provides valuable lessons you know

Learning from your beginning you can get experience, like you can only save from being mistaken such as be wise buy when the price is low and then after holding you will have to hold with patience until price rises, don’t trade when the price is low. So according to me trading with lack of knowledge is mistake and panic selling is also a mistake.

This is vital but only applicable to newbies because I don’t think anyone who already is a professional needs to be thought on how to always prepare for trading psychologically, majority of crypto trader must have in the past engage themselves in forex trading which I expected them to have learn all necessary trading etiquette before joining the crypto currency.

Although, crypto market is far more volatile than forex trading and many traders who are not new to trading uses this volatility  as an excuse for their failure. Experience is just the mother of success, every trader must carefully gain enough experience especially trough demo practice before going into live trading.

I guesse everyone will inevitably experience most of the lists in the OP. Specially if a person is learning the ropes in trading, since they will of course engage in real trading platform.



And this is how you correct everything.
Also, the one thing you cant prevent from doing sometimes is FOMOing right? Lol 😁

A smart person will always try to avoid making mistakes. He will study the mistakes done by the other guys, and only after that, he will start his activities. In this case, even a newbie can get a profit soon.

Sudden changes are frequent in crypto currency most newbies don't know this and this situation can hinder newbies plan. Well newbies don't have some vast knowledge since they are called newbies only basics are know to them. As far as I know almost all my trades depends on my coin choice but mostly it messes up by the changes of the markets price so it is unavoidable for me and so as the newbies

You made a good point here that not only newbie will learn from it but also people what think they known everything all about trading crypto currency.
What one need to do then is more particularly about the coins you want to buy and above all follow your trading strategy and Money management policy.

It's okay can't avoid mistakes in trading especially newbies start learning how to trade, mistakes is the right guide to correct the mistake by using analysis the fault decision of the trader.

A costly mistakes can teach you a great lesson because from that failure, you will start to do better. Until now, I'm still having losses in trading not because I'm carelessly doing that but it's really normal. We cannot avoid mistakes but we have to lessen it because if you always that, then you have no way for you to make a decent profit.

With cryptocurrency even the experts fail to predict the market, by this time newbies making mistakes is really a simple think. This won't be realized by most of the newbies, because they come forward with the entire focus of profiting and when things happen in the opposite way it looks unacceptable for them, who takes it as a learning succeeds in a short or in the long run.