Bitcoin Forum

Today there are some people would like to join the world of trading but some of them are going to afraid to lose their money because they don't have enough knowledge. It is not hard to find a lot of information because of the help of the search engines like Google and we have now internet also with the help of the forums and platform that are giving some ideas about the world of trading. I'm not a professional trader I just trade for over a month and here are some of my trading mistakes that the beginners do too.

NOT PREPARED
Sometimes most of us are going into the world of trading without any preparations just the only thing we should know every day is having a profit which is not good sometimes if you would like to make trade also it is better to prepare your self getting too much excited to earn more profit pull us towards to make more mistakes like when the market is going into upward trend more likely we want to get buy and we set aside how to read the graph properly and what are the next movement of the chart upward or downward trend.

There are people who learn trading base on the knowledge they earn through self-study but still, there are some people who gain knowledge depends on their experience if you are a trader like that it is better you prepared your self to have a starting money or capital just to earn knowledge.

Today we have now trading simulations that help you to make a trade with a real-time chart I highly encourage traders who would like to practice.


PROFIT ON TRADING
There are people who really love to make trades and some of them are making a trade for over four (4) times above each day and we called them as the scalpers those are a person who wants to make more profit every time they trade also they are one of the most risk-takers because they have a specific goal each day to earn. Still, there are some people just trade over two times a day as an extra income. Trading is full of risk it depends on your capability to gain more money again we have a favourite statement "Don't trade that you cannot afford".

OVER TRADING
This is commonly happening to us because sometimes we are getting too much greedy don't marry your trades. Most of us already make a huge market profit into the world of trading and we have different sets of goal in terms of profit. Some people want to have 50%, 70% or over 100% profit, remember the market is volatile if you already gained profit and you are not sure what are the next movement of the chart get your profit. For example, you make an entry into a 9800-9900 dollars of the market price of the bitcoin and as getting too much expectation of the market price of the coin the market price is starting to fall that you can see on the figure(2). Also, don't get to be Fear of Missing Out (FOMO) on your trades sometimes we win and lose our trades but the most important is to win a profit.


KNOW YOUR MARGIN TRADE
Margin trading sometimes can be your friend sometimes can be your enemy having a good market long or short. Leverage will help you to make more earning but if you cannot afford the trading margin you request it will cause to your income and balance will be gone. Recently one of the platforms releases that they increase they leverage is binance from 20 - 125x Figure(3). If you win having this leverage it is good the higher profit you will get but if you lose with the huge amount of leverage and reaches the liquidity price prepare your self to have a goodbye to your money.


DON'T BE A FOLLOWER, BE A TRADER
I know some of you are already joined into chatrooms and group pages that are talking about market trading some of them having a conversation that they already earned up to $40-100 profit and as a person that you would like to make earning too you will follow the movement they did just to earn Figure(4). Don't follow them to make your own path, explore what are the coins and strategy that will give you a lot of market profit.

You have said quite a number of things that can lead to mistake and I pick on over trading. Yes this can make you lose some money. How frequent you make an order is a key to watch. The market gives you a sign though but you need to be careful because some are mere trap. Advise here is to make a reasonable amount of order but not to always be at the door of the market and looking out for entering position.

Dont dive into this thing when you are just starting up to trade yet come to think even veterans do really have a hard time to deal with
margin yet i can say that this is some sort mix with gambling and if you dont know how to bust up in a short time then its
better not to consider this one first.
You should really set specific limits or call it a day when you do trade.Set goal and dont ask for more
The important thing is that you do able to have green results and dont be greedy because this
might give the opposite.

Honestly speaking, even with the general information spread around our favorite search engines and platforms about the basics of how to start doing trades, it's not easy for a newbie to just follow it.

Sometimes they really need to experienced those trading mistakes and errors in order to understand the pressure. There are no perfect trades so a mistake is usually common. If these newbies are really eager to learn, they can soon come up with an idea of how to deal with the market while at the same time, creating their own strategy based on their analysis.

There is no shortcut here. Experienced is the best foundation.

To my opinion some of the most often mistakes that traders make is lack of risk assesment and greed
They get in too easy thinking they can handle everything and want big profit really fast.
But that is a trap and maybe you can afford to fall into it once but not more than that.
Practice makes perfect, so they say, and successful trader comes with experience but that often means that some had to learn on many of their mistakes.

I love this thing...
#DON'T BE A FOLLOWER, BE A TRADER
But it was a need to have a mentor and teach you everything about trading. And of course, it is not about copy trading which some traders use it.
I don't think it considers a big mistake in trading because it is actually we need to follow what the others and might be mirroring them as they had been in success for that way. Of course, I will do the same strategy as what pro traders did.

I think the area I want to look at this is that the follower can be doing this for a long time and leaving to develop himself. In his failure of trying, he then relies on a mentor's idea permanently. Most of the cause of this is fear to be independent.

If I may add, usually those beginners really thinks it is easy to profit here and enter trading without proper knowledge of how everything works. You have to think that you are playing with real money here, so everyone needs to be very careful and learn the system first before venturing. Because if you get inside trading, you will be suckered and will loss everything in just a blink of an eye. There are too many advises floating around, but the simplest way to avoid this mistakes is just educate yourself first. And then grow as you gain experienced. There are no shortcuts here, you need to spend a lot of your time and money to be a successful trader in the future.

One of the biggest mistakes when operating is that the plan that is made must be followed and must not be changed, when the probability of failure is very high when changing at the last moment, apart from when the main focus is on technical analysis and not on understand or try to understand the market.

Never engage in trading if you're not prepared, especially if you're being to confident and overwhelmed about the market. You always need to make a strategy and do technical analysis in the market, never trade if you're not prepared and you have no idea on what will you do during a trade. The most dumbest thing to do in trading is engaging in without even having an idea about the strategy that you will do based on the situation and circumstances in order to have huge profits.


Sometimes you need to know your limits, never trade too much, learn how self-control and manage your emotions. Don't be too hype if you're having a continuous profit, learn to rest and reflect on those results of your trading. Being greedy about trading will really make you lose what you've earned for, practice that mindset and never expect too much. Never trade if you're overwhelmed and happy because that will boost your confident and will let you trade unnecessarily.


Make your own way and strategies in trading, get inspired but never copy their ways of trading. Do your own thing and become effective just by observing and learning from other people, but never copy. Being a trader, you need to grow with your own mindset and make effective transactions in trading. It is not bad to fail, every failure is a lesson and you should reflect on that, but if you fail over and over again without learning, then we will have a problem about that.

The things said by the OP are good but traders will mostly go buy their guts and following TA what they think will happen. "Being prepared" is a cliche term and nobody is every prepared, let me tell you that. Everyone learns from mistakes.

Similarly there is no "real bottom to buy". Even after a drop the price may continue to drop, so no issue, just buy more at the next support. Overtrading is an exaggeration, not a fact.

Of course dont copy trade, because it is a wrong method of trading since you are not doing your own research about the asset but blindly investing.

They're all pretty common mistakes and I have no doubt everyone who has started trading has experienced them all. I mean, the experience is the key to success, whether it be a success or a failure. Being prepared is the same as not being prepared imo, since the market is highly volatile and even if you make a preparation for the market at one moment, the market could completely go to another and vice versa. Even if you make preparations for every scenario possible, I doubt it could still help you that much with the market's everchanging movements.

Not overtrading is pretty much the same as don't trade in my books. I mean, being satisfied is good and all but if given the chance, I would continue trading on of my own accord. It's not like you profiting 100% in a single day guarantees you a loss for the subsequent trades you'd do on that very same day after all.
That's highly optional imo. Changing plans is a standard choice when it comes to a market that changes every minute and sticking to a plan that you'd know would fail would also mean a bad plan right? So why not change it to the one you'd think is better? It's not like changing plans is bad but rather changing plans with no idea what is happening is the bad one.

There are a lot of people said that trading is one of the basic things we can do to make more money rapidly but this is a mistake because there are a lot of people focus on the market graph all day just to make sure they long will be in a good entry price and still there are some traders making trades but does not have enough knowledge that pulls their down over into their loss of money. Some of the traders today are just encourage only by the advertisement that they can make more money in trading and one of this is the copy trading just to make investment and someone will make a trade for you and I do not prefer this kind of action or method of earnings because why do you sacrifice your money to the people you do not know if he/she is good in trading it is just like you are giving your money. Also, there are a lot of traps in the market it is better if you make a research about the different forms of the graph so you can identify when is the market time to buy a lot of coins.

Also avoid trusting to the groups, pages and other people stating that you can make a lot of profit if you do this or you will do that because all the things you make is all about your decisions you cannot blame others because you agree with them help your self to earn a lot of knowledge and skills in the world of trading don't become dependent.

it is not that they  are not prepared but instead most of them are just being encouraged and promised
 a easy money thats why they enter this world of trading and crypto.

for me ?it is better that we enter trading because we have studied this and also have some experience
 outside crpto trading(maybe stocks or anywhere that their skills had been enhanced)


yeah and many exchange now giving us opportunity to practice trading without spending a cents
 and this is a big help for aspiring trader in future.

---

Nice thread Mate,continue spreading knowledge in forum .

how about being impatient?

Maybe it would go under not prepared since most of those people that are impatient do not know what to do in time they are waiting for their investments to grow. Another thing with being a follower is that you learn things from people but it depends on how you will be using that skill or knowledge you've learned.

Being impatient should be an innate trait when you want to trade, I too am an aspiring trader, though I do not trade yet, I am doing my research to learn as much as I can until I saved up enough funds for trading, I can agree with being a newbie trader, you should follow and find a mentor, but do not just follow to the point that you become a sycophant, use your common sense (another innate trait), the decision always end with you and not with other people. I really this kind of testimonial threads, they help me watch out for mistakes that I could've missed and I am grateful that people are sharing their mistakes and success, both people are equally inspiring.

I really like the last point you made there. Some people are just following groups and are only reading and hearing stories of people that are making money, while they are not, all they do is just to be reading stories lol. It all doesn't make sense, instead of joining groups and reading stories that would lead you to nothing, it's always best to spend your time on YouTube and Google looking for help.

There are lots of videos where YouTubers take out as much time as possible to teach people how they can perfectly carry out their trades. There are also lots of articles that one can read on Google, and if they are not enough, you can still check online stores for books to buy and read.

I know this is hard because we as people want to have somebody who will be the leader and when somebody is not going predicted way, we have other person (leader) to blame. But in trading these type of behaviour will lead to $0 on your account, because you not learning anything by just copy somebody and most probably you will be on the last chain link which money is flowing into leaders pockets.

There’s so many thread about the trading mistakes, and they are all correct and as long as a trader didn’t learn from their mistakes then it will continue to happen to them, they’ll keep losing money.

Yes, trading is about sticking to the plan and always following it. As a trader we must come ready and prepared because if we don’t make any research then our trading will be failed. Mistakes is normal but don’t do the same mistakes all over again.

I'm mean yh there's that sticking to the plan but sometimes there are circumstances mainly caused by the market volatility which does not allow the trader for any flexibility within that well devised plan so best to stick to familiar contingencies when that happens.

Trade manually is still the wise choice for any occasional trader but if they trade without making any analysis then it is not going to work in the long term. Biggest mistake of a trader is aiming big margin in a single trade, whereas the smart trader only aim for small margin and they can repeat the same method to make the same huge amount of profits with very low risk.

Don't try to trade if you are not ready to make mistakes because, in trading, you will make a ton of mistakes. But that is not something you should afraid because if you can learn from your mistakes, you can survive in the trade, and you can improve your skills. With learning more and more lesson, you will find your trading style so you don't have to follow with other people ways because they will use different analysis than yours. As long as you can prepare yourself in any trading situations, you don't have to worry because you will be ready to enter the market.

I totally agree with all of them, they are very basic and I understand that people who have been here long enough knows all of this but do not forget that there are many newbies here who have no idea about what is going on, hence I think this makes sense to actually publish and show to newbies on what they should do.

There has been tons of people who lost money because they are followers of others and do what "experts" say without checking why they said what they said, they overthink and overtrade as well, all of these are common mistakes. Maybe margin is a bit rare because not many newbies do margin trading but that could be more like newbie to merging trader instead of generally being a newbie in the crypto world. Kudos for making this topic and putting these into words so skillfully.

Most of the time the over trade is going to ruin your whole plan in trading, we keep saying that we need to be patient, wait til it reaches the peak then we always overlook the market as being a volatile race. If you are experienced trader, you will know when it is enough don't target a very high profit within a day coz spikes don't go that long. Don't be a follower, Be a trader there is nothing wrong to follow the trend or a person that is showing a good studied chart but putting it into a volatile and uncertain market it will be useless at all. "Uncertain" That's the keyword to do your own analysis with the market.

Overtrade is I think the most common mistake of the newbies, I've even experienced it before. Being greedy with the profit you want to get and end up losing because of the fast-paced spikes that you aren't expecting. Overtrades are somehow effective on some trade but it has a lot of risks to carry on because somehow you are trading blindly because you are rushing and not following the plan you make for the trade. Following the plan for a certain trade will always be effective than rushing and overextending your imagination on the profit you can possibly get on that day. Being greedy in trading is bad though.

Its unlikely to happen when in talks about overtrades specially to newbies.Why? they cant have that long run on managing their funds or capital until they do bust up which means it would really be a on shorter duration and thats why it wont really be making over trades unless if we do talk about on
capital management which are outside on risk management rule then thats considered over - there were lots that can be defined in the term "over".
So you do actually have the right point also and this is a common mistake not only applicable on noobs but also on other older traders as well.
Also following other so called professional traders arent really that worth because they wont make themselves as gurus if they are indeed profitable.

There could be 100s of mistakes a trader may commit but the thing is being disciplined and following all the own set of rules on being  emotion-free along with managing funds properly under risk management will help any trader to avoid all those mistakes. I mean when we are good at our part consciously then there will be no room for any mistakes. Only when a trader get excitements or frustrations they start committing mistakes which usually end up in losing capital.

I do not mean that we need not to get educated on some of the possible mistakes a trader may do. It will definitely help any trader to get some awareness and also will lead to find a solution. But, there are multiple reasons for a same kind of mistake hence we cannot document all of them but the only way for a trader to avoid all the mistake is, learning from their own experiences.

Yes, your experience will help you not to REPEAT a mistake. It means you may commit a mistake for the first time and you should learn a lesson from it to avoid the same mistake again.

There are dozens of factors to consider when trading. Apart from a few factors you mentioned, a few mistakes are as follows;
- Not using stop loss
- Panic buying and selling
- Using high leverage
- Failure to determine profit and loss rates correctly

In addition to all these, the biggest mistake we make while trading is to be greedy and to always expect a profit margin above the targets we set.

We can still follow reputable traders in some margin exchanges. I am currently copying trade with the masters of the prestigious trade group. provided that you have to register according to their ref link so they have the motivation and the correct transaction. Besides, there are expensive bots that trade very well, winning rates up to over 90% but we have to pay $ 200 / month to use it. In general, we can still copy, but choose the right account to do it.

Of all the trading mistakes mentioned in the opening post, there are at least two that I have done. The first is over trading, sometimes if we
have made a profit. We keep trading which in the end we forget that the crypto market is volatile, and finally the profit we get can be lost.
Or the profit we make can be reduced, because we don't know when to stop trading. Then my second trading mistake became someone else's
follower, whose analysis was not necessarily accurate. My advice believe in your own abilities when trading, and do trading planning carefully.
So that you can avoid trading mistakes, and making the profit we want.

But I think it is a mistake by traders.

If you really know what you are doing, you will never rush things, you will never be impatient with your investments, with your trades since sudden decisions mostly fruits to mistakes. That is why we should be really aware of that.

Being impatient will go to emotion as general. Emotion are the one that is making our trading plan go to shit. Personally, it is always happening to me when the price go dump I will immediately sell my holdings because of my emotion even though my plan is not that and after that dump the price is going to pump and will reach my expected price. By telling that story we should always remember that go with our stop loss and don't be greedy and set a take profit.

If you are taking profit make sure you set it in at least 5 levels. so if the coin you are holding reach at least 3 and dump you, at least you are gonna have some profit. back to the topic, if you can handle your emotion then, I am positive that you can trade well.  ;)

I think it is normal if we make a mistake in trading because we can do a wrong analyzing, especially if we cannot focus on analyzing the market. We can prevent to make a mistake by analyzing deeper on the bitcoin or altcoin market so we can get the right time and right price to buy and sell the coin. We should not be afraid of making a mistake because that is part of our lesson so we can get more information to get better skills in the future. But I think if we are not prepared, and we are too greedy in trading, we will not be able to make a profit, so we need to control ourselves and hold ourselves become greedy.

 There will be lots of bugs for newbies. Often they will have psychological problems and profit calculations. Traders who plan and follow the rules are highly likely to succeed. so newbies need to know that this is a market full of manipulation and very volatile prices. The first step to learn is to control psychology and always prepare your own trading strategies. as long as you do the above 2 things, you are sure to have a 70% win rate. The remaining 30% is due to capital management and knowledge of how to use indicators.

You can't learn trading without mistakes, don't be afraid of making mistakes, do not be upset that you made a loss in trading.

If you are trading and learning, there will be bumps in the road, it is important to learn from these mistakes instead of just be upset about it. If you go into bitcoin with 1000 dollars and now you have 200 dollars, if you are sad, if you are angry, and all around you are disappointed and get out, you have just lost yourself 800 dollars and you have nothing in your hands to show for it.

However if you learn why you did lose that much to begin with at the very least you will not make the same mistakes again. If you collect all of these reasoning why you did make these mistakes, you will eventually make a profit and all of those mistakes will be helping you find the correct path that earns you money.

TBH,  being well prepared for trading and knowing about possible mistake common to trading can only take you so far, after that you'll have to work with your gut to be able to take risk and that's reminds me,  you can't trade successfully without mistakes and that's why not the majority of traders population are millionaire so making mistakes while trading is welcome as it's the best way to gather experience especially for novice traders but then again, no one loves losing and that's why everyone is trying really hard to minimize mistakes

Without knowing the basics about the trading directly it is not good to follow trading bots and trading signals because basic knowledge is always important for trading. Trading is long term things and it is not a good idea to follow the signals and bots provided by the others, even though it takes time but we need to learn things.

trading on the futures market makes me tired, i have lost $ 500 on the futures exchange,
i know my mistake is to want to have more profit and it makes me sick

Wanting to make more profit was not totally your mistake but the high risk involved in the form of trading you choose and the same thing apply to margin trading and i will advise you to desist from such trading while you understand verywell the basic form of trading.

You choose to trade and probably you are willing to lose either. But there is one thing you have forgotten is how to learn trading in the first place.
Overly trading is not a good practice. You could think that we trade big amounts will eventually give us more profit in a short period of time? Not really and the risk you have face is very high and surely it is higher since you don't know much about trading. You are desperate enough to gain profit quickly and that is why you end up losing.  We should have to be patient.

based on what he said i can sense that he got greedy and resulted for him to continue trading with higher amounts and he forgot to withdrew as early as possible before so he looses all his gains . it his mistake if i were to ask . its not the fault of trading because trading isnt the one that decide or make a move .  trading can be a high risk or low risk depending your moves or depending on your placed amounts . 500 usd is a slight high amount but its not the end of the world, money is nothing . we can earn it again but lets no try to comit same greed manner

definitely, having TA knowledge is an advantage when you are in trading. though most TAs are not applicable in most altcoins, yet you have the advantage of understanding what might be happening in the market, generally speaking. also most trading bots or trading signal groups dont work in favour of the trader but rather who owns that particular group or bot.
it is right, it is better to learn the basics and know the ins and outs in crypto instead of relying those auto features. you will find out sooner or later, that your effort will paid off by better returns rather than relying on signals (you can compare if you have prior experience using those autobots/signals)

Every trader should be prepared when they do it in an actual transaction so that they will not be stressed and panicked about the certain situation. Most of the traders are losing their money because of the wrong strategy that they are using, no one is exempted when it comes to risk, people are all vulnerable about risks.

Risk management should be practice and apply so that whenever you trade, you can minimize your losses and you know how to cope up based on the situation. Being flexible and learning to adjust is essential to become an effective trader as you grow and understand things in trading.


Over trading is really too much and can increase your risk of losing than earning profits. In trading, there should be a limitation about the money that you are going to use and limit yourself. Patience and self-discipline is required for you to handle your emotion to know when to stop trading.

If you're going to be trading on Expert option, IqOption and other similar platforms, then you don't really have to put in money to be able to have the experience and learn how to trade. Majority of them now have a demo account that shows a real time trading chart that you can use to practice how to trade with a $10,000 fake dollars in the demo account that you can use.

So, you can use the demo account and learn everything you need to learn before you start funding your account and trading for real. Even without that, I think investing and trading with real money while you have no understanding of how trading works is really not a thing to do.

Agree! Some people are so naive to believe in TAs and trading signal groups! "There ain't no such thing as a free lunch"! It's always the best to equip yourself with a certain knowledge base! The very first thing you should invest in is the time to learn, to explore, to understand the knowledge as well as the trading techniques, trading skills, and analyzing skills.

You maybe right about the user to loose his investment because he was greedy but aside that futures trading is different to other form of trading in the market and highly risky either because traders are required to make future price predictions, despite the volatility in nature of crypto market.

Thanks for giving the  reason of Trading Mistakes, Perhaps this was all based on your experienced, isn't right?
but of course, on my experienced applying over trading is one of the best thing I did, though there's a lot of
loses I've encountered but as time goes by I learned from my mistakes and now so far so good that earned most often
by doing it in the market.

Yes, experts are always suggesting about going for generating trading signal by their own technical analysis and also about not depending on trading signal groups. In my opinion also, it is making sense because you need be good at your skills to be independently successful traders. Only our own knowledge will be helping us all the times to avoid mistakes because just getting signals alone will not be enough as you need to make some decisions time to time and if you fail at that then you may commit mistakes to losses.

Yes, demo accounts are always helping to avoid mistakes. I believe demo account concept must be an integral part of successful trading. People who are not making use of demo accounts might be making their own mistakes to learn the real time lessons of markets. I mean demo accounts help costly mistakes with actual capital.

So, can we include it in these mistakes?

Humans are vulnerable to this types of emotions, that is why a lot of people are addicted to gambling. I know that this might not be a mistake but a flaw humans have. Mistakes tell us that we are human, there is no such thing as a perfect individual, so yeah, saying all of this, I can say that if they can't control their emotions, they will not be that good in terms of trading and investing. Hence, it is also a mistake by us, trades, and investors.

Those types of reasons are probably what could make or break your trading career. I believe that it's not too late to make yourself on the right track when you are talking about the right attitude and characteristics that you need to master to be consistent in trading.

I will take the headings of your trading mistakes and just add little thoughts.

• Preparation: You could do something about it by learning the strategy you are going to master
• Profit Mindset: No one got rekt by trading profits
• Overtrading: Just because you are profiting on other pairs, doesn't mean it's going to be the same with all of them
• Margin Trading: Don't expose yourself to something that you know little to nothing about. Learn Leverage
• Be a trader: I think no one has gotten devastating results just because they followed someone. It's still up to the trader on what he will do with the discussion on who he is following. Be yourself and know what you are doing.

If people are starting to get tired of it or it's a repetitive thing, maybe get a bot and let it trade for you, that would be better.

All of the information that you gave are super and sooo helpful. However, I don't agree with the advice to get a bot and let it trade for you. A trading bot is simply a machine that works based on your command! Therefore, as long as you are not sure about your decision, the bot can't work efficiently.

To be honest, you are just over-sighting this fact. While I agree on the moral that we should not follow and trade based on our knowledge but this differs in the given situation. If you are a newbie, it would be better to start with referring to how others trade and then learn from them and their mistakes and gradually improvise your trades.

Obviously we should not fall far those celebrities promoting some shitcoins and over exagerated trading speculation and statements but we can learn from experienced traders on how they trade. I know a friend who is good on trading and I followed him and learnt how he trades and later I built my own strategy started trading.

If you try to cover all possible mistakes a trader could make then probably you may get a university approved doctorate too, because there are uncountable way/possibilities for traders to make mistakes, but still traders are finishing off their trades in profits just because of making use of their experience. Only inexperienced traders may make mistakes and over the experiences they start minimizing the mistake happening occurrence which slowly helping them to be professional traders.

In my beginning days a a forex trader, I was losing all my capital more frequently then started making use of free bonus provided by some exchanges and slowly started caring my capital from losing which helped me to prevent mistakes. When we start showing our dedications then mistakes may not happen in frequent manner.

Then you are speaking of gambling and not trading.

Spot trading needs skills and is not a mere play of luck. People work it out and try to match it though not every time do the indicators work out like a puzzle. Still people make money by speculating and buying low and selling at high prices. Some even go for the risky things like margin trading, Futures and Options which are the derivatives market provided by some exchanges.

Now if you are doing your homework on this and investing in those coins that are having a long term value, that is bitcoin only (;D) Then it is no longer a gamble but a good long term investment provided that you sell at a profit.

Absolutely mate ,Trading is not always buying and buying we must understand that even how sure we are in the coins we made researches yet there comes a time that may lose and fail.
and not only experience but dedication also,imagine that the life of trader circling around only in front of computer and they will focus all time in their trading screen.

but all the effort will prosper in time.

we must be thankful because OP shared this thread for our own benefits in future as we can use this as reference for our trading journey.

If you are just new in trading and you want to make a lot of knowledge not just by the reading a ton of articles, news, tips, and tricks and watch a bunch of videos I think you may have a problem for the next coming trades because you just need to have a good experience in trading at the same time is knowledge on trading not only having knowledge. Still, we have different respective on learning some of the people are having a good time to learn with the use of watching and listening only to the videos they are watching some of them are reading only and then they are now skilled on trading and some of them are making a real trade to gain experience regardless how much money they use on to make a trade.

If you are the typical person you want to trade and gained knowledge and learning in trading with the use of your experience I think you just need to have a capital or investment on this kind of method because on your first try there are a lot of possible things may happen towards to loss on your trade and by that, you learn your skills and how to avoid this kind of action which is good because you learn but still your lose money. If you are continuously doing this there are two chances you give up because you lose all of your funds or gain more money because you acquired a lot of skills.

Have you ever actually made a mistake. Like literally just write a wrong amount and so forth? I did that once years ago and ever since those days it is very scary for me as well, I have been trying to avoid it by checking it multiple times before I can actually click the trade.

I was trading something called namecoin or something, back in the day when you were mining bitcoin there was some other coin (not sure if it was namecoin or something else) that you mined together with bitcoin at the same time, and it was even worthless back in those days let alone now. I had gathered enough to make it about a dollar I think and instead of changing my namecoins to bitcoin during the trade I changed my bitcoins to namecoin. Since, there was very little market for it, it took me weeks to sell all my namecoins small by small in order to make that profit.

Mistakes are not new to mankind, so trading mistake is also not different, and it doesn't define who a trader is.
Your reaction and countenance after a trading mistake matters instead.

So i encourage you traders, whenever there is a trade mistake accounting to a loss, avoid blame game, accept responsibility, find out why and where it gone wrong and fix it ultimately by relearning and perfecting so such mistakes never occur again.

Remember that we learn daily.

Yes. Mistakes in trading should never be dealt negatively because it's the only way where we will learn and improve our trading strategies. As long as we trade only with the amount we can afford to lose, then it's fine to commit mistakes in our first months in trading. Everything can be learned in trading and with experiences, we will end up trading gaining more profits than losses.

But there are really things that wont really be meant for you to involve on no matter how hard you do try and accept countless numbers of mistakes. Just like on what happened to my friend on where he do deal with trading for how many years but still end up on negative profit thats why he decide to quit and look for another venture which i can say that he do made the right decision because there are really things which doesnt really work for you no matter how hard you do try. Mistakes are normal but if you do saw that it isnt working then thats the time you should re-escalate and find another path.

In the digital age, everyone now wants to earn money sitting at home.There are lot of people who are new to the trade market.They don't know how to trade.They don't know the full meaning of the world trade. They have no idea about the trade market, no idea about coin. They invest in this marketing without proper knowing or understanding. They think that money will come only if they invest, Because of this greed they trade incorrectly and their trading becomes a mistake.

All the trading mistakes mentioned in the opening post I have done, and thank you for being reminded again. So i could thought and tried
not to do it again. To be honest, for me there are some trading mistakes that I still do, because for me it's not easy not to make mistakes
in trading. But now I will continue to try not to make the same mistake again.

Trading is very attractive to the people because you can earn money immediately if you have a good buy and sell in a day but it also bring you loses if you don't have enough knowledge about trading and the trading mistakes will happen. Even we can't avoid mistake,we should learn many things on how to trade so that we can avoid loses.Although mistakes is also a learning process ,let's just find more ways on how to be a profitable trader.

Trading is not so easy. It is not possible to be successful trader only by investing the money. A lot knowledge and skill is required for a good required. Always should be updated and capture the recent trend and information of the market. A study should make on the traders who have been success in trade and also faced lose. A single mistake can result a huge lose. So, always should be careful.

Thats why the Bot is applicable for Day traders in which they focus only in trading,and most of them are doing nothing in life but trading crypto only.

Bot can be helpful but this can also ruin your trading plans if you don't give enough time and dedication while using it.


You can Earn immediately Correct,But you can also Lose that fast right?

Never look only in single scenario because Trading is much more than gambling,if you have no skills and luck then you will surely a loser.

Well, we can't do the right thing forever. sometimes the mistakes we make will be valuable lessons for us in the future. however, even today even a professional can make mistakes in trading. Well, I can only say never give up.

but there is  "If we have a good Buy and Sell" the thing is this is not that easy to find and its not easy to make possible.
never enter Trading if you have no knowledge that is the simple solution and prevention ,because it is our money that at stake here.
You must be ready in this point,the risk is there so if ever the chances being mistaken about the choice of coins then have enough budget to keep it hold until recovers.

Totally agree with this, And I did a quite few of these when i started trading. So to some out there who is thinking about starting to trade my advice is go small first, Just use a small amount when you trade first to get a feel on the market.

Another mistake I think people make is that they feel trading will be enough for them. They see some people that claim they left their jobs to go full-time on trading and all of a sudden everyone now wants to leave their jobs and become full-time. It is not good to do things just because others did it, it’s best to do it when you believe it’s the right time to do it. It is not okay to always be in a hurry.

Let us learn to have patience and take things one step at a time. If you keep rushing you might end up heading to no where. Pursuing loss is another thing. When you lose don’t try to pursue and lose more money. Best if you wait it out till the next day and at least take the time to be ready for another day of trading.

When we learn at least one lesson out of every mistake we are making, then we can slowly avoid all the trading mistakes over the time. This is how professional traders are making themselves better every day.

The fifth mistake you mentioned (don't be a follower) is the one that most users make. They join random telegram group and chat rooms where people suggest them to invest on certain coins. They create hype in those group and mislead the traders with small information. Those groups are either managed by shills of fake projects, or some people who try to manipulate dying "shit coins" and convince users to invest on it (make them buy those dying coins). I have even seen groups that asks for payments in order to join those groups and receive trading advises!

Right, I experienced this incident in the past but not with payment to join and they suggested to buy a coin before the pump starts a while later and of course it caused a panic that I experienced and clearly, the panic had an impact on losses. In trading, at least we only need to be ourselves and always make choices based on our own research.

Mistakes in  trading are bad for us but yes it is not wrong not everyone make mistake, But if you can fix these mistakes in this trading market then you can be deceived again and again. people learn from mistake. But it is useless to make the mistake again and again.

Couple of mistakes during my initial trading days which I had made it resulted in losses. But later on after learning I ensured that those are not repeated.


1)   Always trade with the stop loss. Else in high volatile day we will not known how quickly we  lose our money.
2)   Avoid borrowing the money from others to trade. If you do not have own money first earn it and then only trade with those money.

It is not that bad since we are learning from it.

As long as you are keeping those mistakes, those losses as a way to learn, then it is really fine. You should not really keep those losses as an obstacle, you look at it as a shaping mechanism since if we walk the right path we will be able to adjust to the way we should be. Mistakes are inevitable as a human, we are not perfect creatures. Continuous mistakes might mean two things, either you are meant for another and the other might mean you should never give up.

Markets sometimes can be brutal but don't let that stop you from learning, from having a profit.

The biggest mistake I do is usually lack of research. I try to be as thorough as I can on anything I invest into but there are times where you miss something brand new. Let's say there is a coin you want to buy and you check that it was created on summer 2019, it looks awesome and everything up until the ICO is awesome, after that it gets even better, by winter 2019-2020 you see that the price went up as well and the team looks amazing, you check everything you can and by all accounts it is a quite good coin to invest.

So, you put your money into it and buy some, but the price keeps dropping constantly right after you bought. You check what happens and it looks like during the pandemic period they stopped doing anything and left the project alone. When you check 10 months but miss the last 2 months you can still lose a ton of money.

There is no free meal forever anywhere, you have to learn the act of trading before venturing into it but a large percentage does otherwise. Emerging performing surgery before going to medical school, the end result will be total damage, that is what has happened to many traders

My mistake when trading always buy on higher price and should sell with lower price, many time I check with some coin project too late for buying because reach to higher price. I don't know why price going up after selling my coin and going down after buying, many time I check happen to me after investing on some coin project.

Part of it is because you let your emotions affects your decisions. I have to admit that even I usually trading by emotions. Additionally, you don't believe in your trading analysis. You have to analyze the market carefully before investing or buying a coin. Then, you have to set your goal and follow it. Don't cut loss when you can accept the loss, let's wait a little bit more. However, you have to be calm and wise also, cut loss immediately when you lose more than 40% (this is my loss acceptable rate) of your investment.

I am sure that there are no traders who do not make mistakes. At the same time, at the first stage of familiarization with trading, these errors are much greater than later. For some, these errors are fatal, which leads to the loss of the Deposit and the termination of trading. Others learn a lesson that later helps them make the right decisions.

it's natural that someone has a mistake when trading, I've also experienced it, I lost $ 100 just because I could not hold my emotions and did not determine the right position

Me or even us have experienced all of those. My main problem is over trading because I just can't myself to stop trading once I get money or even when I lost. My greed slowly killing me because of my stupidity because I would like to earn more but it's not worth it on long run.

Experience is the best teacher as we do all know. Losses are inevitable things and its up a to person if he would accept such mistake and learn from it.

We cant really learn up everything on our first try and as we move forward we do gain that knowledge that we do need of to sustain this unpredictable market.

Being a noob, then its no surprise and each people would really have the same experience when they are just starting up.
Important here is that we do know on how to accept and try your best to avoid such mistake again.

The points you listed out are truly among the possible reasons that often lead to trading mistakes. I think the highlight of your write-up is the laat point that said; don't be a follower, be a trader. Following ones gut is the sure way to trade with enough confidence as most of the trade will be your initiative after thorough review of the market condition

A very good useful piece of work there. Truelly FOMO has really done more harm than good in the trading market today. Because of the Fear of Missing Out, one ends up Losing everything, thinking with one more risk he gets everything back. When FOMO comes, I see it to be a good time to take a rest/break. It made me loss a little capital I had, and now....
Making mistake is not wrong in trading, but making expensive mistakes in trading will cost you a lot, learning from the mistakes and making corrections will help improve the outcome.

Nice write-up you pulled up here. These are mistakes that we even fall victim of, even experts often got caught in emotions issues. Traders especially the newbies and average needs more and more of contents like this to always keep in check of avoidable mistakes and most importantly your last part nail it up, it is always profitable when when own it up and be a trader rather than a follower

OP should've included Money Management (MM). No matter what a trader does on the market and he's unable to control his lot size to match his trading capital then it's an untamed risk. Sooner than later that account would burn. Traders should concentrate on the pips they make per trade and not on the cash/profit equivalent. That way they won't over lot on trades.

Hey this is not gambling like you may continue just with faucet or play-money or keeping your bet amount at the least allowed amount to feed your emotions. If you will not take take any necessary action then your don't care behavior towards trading may become a serious threaten to your life itself. You should not continue your trading in the same format you share here. I know one of my colleague who traded among losses and then faced many big problems including loans and selling his inherited properties.

Money management is nothing but a tool to enable you to risk within your calculated risk levels. If you fail with that then you might need to fund your trading account afresh. Most people do fail here on money management as they do focus only on technical analysis and leaving money management as a least bothered one.

We can't avoid mistakes in doing trade instead it could be a learning process. The more mistakes we did,the more lesson we can learn,that is called learn from your own mistakes. When i start trading i always lose my investment that's why i started to learn how to avoid loses and i also found out that a trader must have a long patience.

This is common sense and yet most people do this, in their desperation to earn money in the markets they try to trade immediately thinking the opportunities are going to dry up if they do not act now, the truth is that the market of cryptocurrencies is going to be here for a long time and it is going nowhere as such it is best to take our time and learn how to trade, it does not matter if this takes months or even years that will give you enough time to get more capital and be even more effective once you also have the right knowledge.

FOMO is indeed very dangerous and will cause a lot of harm to the perpetrators of the FOMO. instead of wanting to benefit with. utilizing FOMO, instead makes a big loss by buying coins at high prices. Fatal mistakes in trading can make people lose a lot of money.

Mistakes in trading will indeed occur, but as a trader must also minimize these mistakes to reduce losses. Many tips and tricks that can be done, by doing capital management, learning technical and fundamental analysis.

Trading mistakes can be overcome to prevent other losses.

Trading skills also include the ability to cage your emotions. This is not easy to do most times when you getting that idea to get profit you assume  ;D. It takes a very experienced trader to handle emotional challenge with trading. But your loss shouldn't make you quit trading. If you understand emotion as a challenge, you can adjust with time.

Of course, you can always recover what you have lost. You just need patience and good strategy. Practice makes perfect, right? The longer you are doing your own trading, the more tips and tricks that you will learn especially in crypto trading. Every alt has their own strengths and you need to study them if you want to trade these alts.

I would not term not prepared as a trading mistake, it is self indulgence and pride not to learn basics of anything before delving into it. In similar view, you must know what it is about trading before you try it, especially the entries and exit points.

Likewise, over trading cannot be a trading mistake to me, there is a difference between trading different pairs and trading a particular entangled pair. If you are a one pair trader, targer your % daily and don't exceed. If you have several pairs you trade, then you have variance of options available to you depending on your expertise and what the market says daily. Trading is not rocket science

Many traders do not really put attention to it and however it is critical to maintain the control of your emotions at all times but this is especially true when the market turns against you, it is easy to be afraid or to be mad after a losing trade and many people try to recover the money they have lost immediately not understanding that sometimes you are going to have many losing trades in a row and you need to accept it, as such even if you have a strategy that makes money if you do not control your emotions you will eventually lose money as you do not follow it when it really counts.

Yes, simply you do not get emotionally failed after one loss because it will eventually affect all your future trades. Mistakes are common in trading even for professionals. So, we must need to simply accept the mistakes and then must move on, so that we could focus on trades which will be the more important thing to recover the previous losses. If we do not realize this fact and we still give importance to previous losses then we will again make a losing trade which will definitely worsen the situation more than before.

Always maintaining emotional stability is more important in trading especially when we are tackling with losing trades. Because, once we lost, this world is not going to end there. We must realize there are enough opportunities to overcome.

Usually, if they make a mistake and I booked loss in trading then I will stop for the day. Because I just want to fresh up my mindset which is possible only if I take a break. This way I have managed to recover my losses along with profits. But this has not become my practice in the beginning this itself. After lots of frustrating days, I find this method because this way I am finishing off my trades in profits.

Risk assessment is so big that sometimes it can even go unnoticed by the untrained eye. The ability to spot if this trade as opposed to the alternative options is riskier but at the same time more likely to pay off is what bothers everyone. Even after making a decision that returns them a profit when the alternative might have given them higher returns - as you can spot the latter points at greed.

The point to take home is that assessing how much you can afford to invest and how stretched you can get with that is of paramount importance when trading but at the same time it is also set at the individual level. And because of that nobody can give you a secret recipe, you just need to figure this out on your own, and it takes practice.

This is the reason why I almost failed when I started in trading before. I have always overbuying mentality in trading. I always thought that the price is low enough and anytime, the coin will move up. In short, I have no money management. And I modified this mentality along the way because I realized that in order to survive the market, I should divide my capital, have a portfolio and do not be overpurchasing. Now, I manage to spend my fund in and outside of trading.

Experience is a best way to learn and understand further the nature of trading. Its quite common to commit mistakes if we are just newbies, after all, those pro traders nowadays are once a newbie too.

We must be aware of the things to consider like our emotion, the time and money management. If we know these and aware of the possible situations that we might experience along the way then we can overcome and face these problems smoothly.

Most trades are based on an assumption and calculated risks. Importance to bigger mainstream companies is also there if you think of the similar notion in stock markets. There is not hard and fast rule there. Sometimes you just have to follow your guts, the TA might not make sense.

That is a misconception in trading. Taking risks is a different thing.

Positive news can be a catalyst but most of the time we catch them later or on the wrong foot. However one is diligent enough they would have bought before this last week's pump due to the paypal news and now sold.

What else do you mean by catalyst here?

That is why we should always keep on mind that before you enter trading first and foremost you have already done a brief review about what is trading. From the word trading itself you will have already that idea of what it is, and talking about trading of course the one thing that would keep in your mind was the word "risk". But sometimes, yes in call of desperation, and being in a state of greedy aiming to get a high profit easily we throw ourselves in such a situation that either will give you what you want or will failed your expectation at once

The biggest mistake(s) I made when I started on Eur Usd (https://de.tradingview.com/symbols/EURUSD/):

-overtrading (taking more trades than I could review and journal)

-being impatient (changing bias all day, chasing loser after loser)

-Journaling but not going through my journal may have been the biggest mistake! What good is a data collection, if you don't look at it?!

What I learned:

-Trade less

-have one day a week where you go through your journaled trades.

-set specific goals for the day, if you are dealing with current issues (if you are overtrading, set the goal to only place 1-3 trades. Repeat that for 2 weeks -> overtrading gone)

it is not easy to be able to withstand greed, need long practice...
for those who are just trying to trade, it must be very natural to experience losses for the first time, if you withdraw because you lose the first time then you have lost the opportunity to forge your mental. persist gradually when trading is something that must be learned slowly.

Those are the common mistakes of a trader either a newbie or a season trader especially the over trading because sometimes there are traders who become greedy to their
trades in order to obtain a huge profit in just a short period of time. Sometimes, I also fall to this kind of mistake but I am trying not to commit this kind of mistake again.

And these informations will be very useful especially to those newbie traders who want to become a successful trader someday, it is good that they should know on what to avoid so
they can lessen their losses if in case they will be facing these problems in their journey of trading.

People does have different way on how to react things and on how they do make out realizations on their own that's why we have seen some do quit and some do sustain even if they are losing.

of course losing is just part of the game and you should really make learnings from that one so that you would really be aware on next time encounter or you would be aware on the action
to be made.

You would gain knowledge and experience along the way which would really be beneficial for you.The longer you do engage the higher chance on making yourself on becoming pro.
Just think that loses cant be avoided but make it sure that you do end up on profiting in the end of the day.

Well it depends on the person who is trading, There are people who know how to control greed before they start trading that's why they can eliminate that kind of issue easily. But it is common for most new traders to have that kind of experience and it is good that they experience it early so they can avoid it in the latter part when they are trading a good amount of assets.

Every people learn from experiences, I myself accept the fact that I am too greedy on many things and profit in trading is one of them, I have regretted many times because of my wrongdoings but now, I realize how I should do things right. Experiencing greediness can be one of your milestone in being a successful trader.

our main enemy in trading was our psychology and greedy, most of traders suffer loss due of this. their profits be loss after hold too long , they thinking pump will continue but unfortunately whales take profit. dicipline will be key for our success, set all rules in our trading and do it with any tolerance .dont ever thinking trading will be easy for us, in our first step lost will be our friend and it will create our mental.

The own psychology of a the trader are his/her main enemy, trading is not just about technical and fundamental analysis, most of the trading is all about psychology and risk management. A lot of people thinks that the main problem is their technical analysis but they are wrong because the main problem why they keep losing is because of their trading psychology. When it comes to making mistakes, it is normal here in the cryptocurrency market but it is not normal if you keep losing huge amount of money. Maybe there is a big problem when it comes to risk management or his/her trading psychology.

I have done almost all of the trading mistakes which was mentioned in the opening post, therefore we must comply with all basic trading rules.
In order to minimize mistakes when trading, in my opinion most of the mistakes traders make is by following other people's signals, without first
analyzing the market. And also don't use trading bots for newbies, because using a trading bot is not as easy as you imagine using it, we have to
make several settings according to market conditions.

Creating a plan is really important in trading, we cannot just enter in a trade without planning our entry points, invalidation levels and also the exit points. According to my mentor, if we are going to create a plan make sure that we have 4 different scenarios in order for us to expect the best and prepare for the worst. Having a plan is vital and we can easily lose huge amount of money if we do not have a wise plan. In terms of profit in trading, I think the main mistakes are the people do not protect their profits where in they gain becoming loss. In order for us traders to protect our profit, it is better if we will learn about trail stop.

Success is never achieved without planning people without plans are the victims of failure trading does not depend on luck it depends on knowledge and experience. Those who have good skills about the market and can follow the trading strategies can avoid the mistakes of trading and can adapt to any situation but planning always shows the right way.

We should really understand we should know our inner selves, losing is part of the process so we should know how to overcome it through our own way. In the long run, a trader will finally understand that losing and making mistakes are inevitable because we are humans and there are really times that we are doing wrong decision because have emotions. The mistakes are normal as long as we are carefully handling the risks, we should also do our best in order for us to prevent the same mistakes that we did. That is why journalizing in trading is important wherein we will journal our trades and also the mistakes that we did for us to not repeat it again in the future.

Many are still making the same mistake other made by trading in a wrong environment, that make them loose all their profit from the trade which they find it difficult to understand the market before trading their coins in the market. Many are still doubting if they can trade their coins  now since the rumors is spreading that the market will still improve more than this before 2020 end.  According to research this is the right time for those who hold their coins for a very long time to sell because any moment from now market can change.
Many trader never believe in personal research before carry out their trade which has make many lose their profit from their trade.

One mistake that most beginner traders make is not to know when to trade.Following the fact that, trading the market is a 24hours activity, most beginner traders not having enough trades feel they are lossing a lot by not using the utmost time available to them and as such tends to trade every move they observe in the market to make the most pips and profits.
This is rather a strategy worth avoiding as it often ends in desaster. You'll find out that your trading all the time but making little, no profit or your loosing. Why is this?
This is because, when ever you make a little profit, you end up taking a trade that is likely to end in a loss and as such, your profit might be wholely consumed and even at times, a part of your reserved income.

It's always best, you don't trade at all times, if your a scalper, entry the market for a few hours take a considerable amount of pips and let it be. Should you be a swing trader, the case is different.

If you trade in futures or options it is like gambling,
but if you trade on the spot market it is clearly an investment, where before investing you have to really analyze in the project,
many people experience mistakes and lose a lot of capital because they play in options and futures, try it on the spot market.

Everyone of us doesn't know that I think, or we know it, but we are being carried away by our emotions or FOMO, so even though it is not the right time to buy, we bought it and then we leave that in our wallet, then after a week or month it dumps, then we will be depressed or frustrated, there is no harm in trying since mistakes can teach us a lesson but we need to be careful next time so we would not do same mistake again.

The major mistake that traders do is getting lazy when doing the homework to invest in a token they see the market in a green status and they start investing imediatly without checking if its a scam or without taking a look what the project behind the token is about.

Greed and desire to recover the loss as soon as possible are very common mistakes. Not only made by newbies but also experienced traders fall into this trap from time to time. That is why self control and strong personality are very important for traders.
Also it's not very wise just to follow and copy other traders, everyone needs to develope its own strategy according to own goals and limitations.

Even if you do tend to copy others it wont guarantee that it would really be effective into your trading because if strategy do works into others but doesnt mean that it will work into you.

Greed and lack of patience is one of the most common mistakes of people who do trade and you would eventually learn due to experience and thats if you do really make self realization after those mistakes or losses that had been comitted.

This isnt something that can be attain in few days time but rather it will surely takes years for you to master or able to handle yourself well.

investing in a project that is offered to you and getting that token is a very terrible risk, because it can make you lose and no one can guarantee with the token you get, I better trade bitcoin patiently to be able to get a lot of profit.

at least there are traders who never experience mistakes, all of them have experienced it and make it a very important lesson and try not to repeat the mistakes again.

Mistakes are common at trading. We have many issues which ultimately can be considered as a mistake such we have mind to win that make us triggered even after losing, risk assessment, funds problem, enough knowledge. Those are the main elements of making mistakes. Buy in less and sell in high is a bad thinking at trading.

Short term Fomo's, this is very common and lots of traders are too lazy always aiming for a quick turn around. It should be avoided always look behind the project and the actual reason why the project is moving.

Lots of big whales or pumped group who are capable of doing an artificial pumped, without proper research you'll be moved by this people favoring their position feeding them the most.

mistakes are commonplace for traders, especially for new traders, there will be many mistakes they experience,
I have also experienced them myself, mistakes for not placing stop losses, mistakes for not being able to read the chart,
and mistakes not being able to control your appetite, haha it will make us stronger

This particular one is really an important problem with many traders and I personally made that mistake so many times the I lost count, I deeply believe everyday you should have a specific target for the amount of profit that you want to have and after that you get to that point you should be able to quit doing any more trade, and sit back and relax for the rest of the day.

When you're just getting into more trades over and over you're increasing the chance of you losing money eventually, and it's not only when you got some profit either, you should also have a limit on how much loss you're willing to take on your trades, for example you should set a rule for yourself that if you got into 3% loss in a day you should stop trading and if you don't do that then that will lead to to get in more trades in the hope of profit and that would be called revenge trading which usually doesn't have good results.

You can learn it mate, there are free youtube tutorial that you may watch for additional learnings, there are some exchange that will give you demo coins as well, there are some ebook that you may use as reference as well, there will be a solution in every mistakes that we may encounter each time that we fall, we just need to move forward and learn everytime we lose.

in trading profit or loss is a common thing, it is impossible as a trader to experience continuous profit, but sometimes their analysis is also wrong. I think the most important thing is how to respond to our victories and losses to survive in the market. On the other hand, the mistakes we have ever made, mostly our psychological factors are less mature

You have to set yourself some goal before you start in order to beat that greed and inner voice that keeps telling you to go on and try to make more profit. I have mastered it myself because I have never had a decent run where I make so much money that I want to make more, I have only made decent small incremental income and I have always loved it because it is small and it never makes me hyped about my future, so that allows me to focus on keep making those small incremental movements in order to have a better future, but if I made like 100%+ return from something one day, I would have hard time stopping as well.

So put yourself a goal, say you want to reach xxx dollar amount in profit and stop when you reach there, if you can do that, you would be doing much better.

Mistakes are our best teachers and that immaturity in terms of psychological and emotion will surely evolved or enhanced as we do trade with the market.

People are neither just too hasty when it comes to things where they do believe that they can make themselves rich with trading which is really possible but

it isn't something that you wont do nothing or do put some efforts. Trading mistakes are common and part of learning process and whats the most important is that you do
able to sustain yourself in the market.

Exactly, people are bound to make mistakes. This is common but not everybody can correct their mistakes. Repeating mistakes is what should be checked and stopped and this is where the difference occurs.

This changes with trading experience and those who cannot correct their methods will face losses thoguh other factors also come into play.

Controlling appetite is ok but it's normal for traders to have big risk taking habits

For me, traders became prone to mistakes because of being greedy.
they are just doing what they want without further analysis, and wanting huge profit instantly in just one click.
but mistakes is just a part of our lives, remember! you will also learn from mistakes once you experienced it.

Yeah committing mistakes are indeed normal for us human because we are not perfect ,But making mistakes the way the first was is total foolishness.
In each mistakes we must have knowledge that adopted to prevent this from happening again.
If you will learn nothing from the mistakes and bad decisions?then we must not entering trading because this is very strict and risky.

Many people think trading is a something you can start today and you will become a professional in the market. Here are something you need to know before entering the market to trade:
1• Good information: many traders miss their opportunity because they refused to listen to good information from the platform that will facilitate them.
2• Good research: many traders ignored research in the process of trading their coins in the market which lead them to wrong buyer that cause them to lose profit in the market.
3•Good observation: many investors don't take time to observe the project they are about to invest in the market, to know if the project is real or not for them not to lose profit at the end of the investment.

I disagree. Trading a lot during the day can also help us to make more profits, it depends on each person's trading style. Professional Wall Street traders usually trade with hundreds of orders per day :)
If you are someone who likes to surf the waves in the market, do not waste time. More trade more profit ,  just keeps better day by day.

You should not force this kind of mindset because if you do aim for profit and forcing on the way you do trade and just needed for you to trade lots then this doesnt mean that it will
guarantee on positive side.

It would be much better if you do go with trades even on a constant manner but always stick on lessening the risk as minimal as possible and of course, profit would really be next.

Just stick into your plan and always mind to make yourself survive with this waves because if you do then it means youre doing pretty well.

They are focus on how to make money in a very short period of time. I've found no wrong with that as that is our goal but that also a reason why they fail to achieve their target as they are so aggressive and never notice that they were driven by greediness.

Trading mistakes are very common to everyone, some consider this as an opportunity to grow but some did think that they failed and this kind of mindset says that trading isn't the right place for them. They are actually quitting that easy and no reason to push themselves if they are not willing also to accept failures.

This is the first time I have heard that Wall Street traders make hundreds of orders per day. But yes, it is their choice to make their own trading styles.

Personally, i like to make 2-3 orders per week because I dont want to spend so much time in trading

Greediness is one reason behind the failure of a trader but it is not the only factor and neither the biggest one. There are times when traders do their best and still lose and they even put sell orders on minimum profits but the market just crashes and there is no way to recover. I feel like many traders fail to adjust with the market fluctuations and because the volatility is so high it is hard to take decisions because the amount of time you get to take decisions is less.

Making mistakes like showing greed when you should have sold the coins is fine because you learn from those mistakes but if you are making mistakes fundamentally then it becomes a problem like not having the patience needed at times and not using the features like stop loss which are made to avoid big losses.

I think this is a wrong statement. Everybody can learn from mistakes but the time taken for that might be different. Of course trading is not for everyone. But most people can learn with time. Still I understand your skepticism here since many people actually get swayed by miscreants.

While bad decisions can be made they can also be a good deterrent to over confidence and help people get a grip on how to trade. Risk taking becomes an addictive thing over time. But keeping a good mix of risk taking and bank management is important.

Be strict about your trades, true. But being prompt about decision making is what I have felt is also important in this market where price swings happen within minutes.

This is precise cautions that entails what anyone should know before going into trading. If. You don't want to gamble and burn your money, you need to learn this and let them guide you.