Bitcoin Forum

I want to know how to make stupid trading mistakes by fear.

Op I don't think your sentence is correct .

Or you mean how not to make stupid trading mistakes?

You have to correct your sentence to direct contribution regarding to what you are asking of.

I don't think  people make stupid mistake internationally in trade because if you intend to make a stupid mistake you are intentionally losing your money.

I think you should check your post again, I don't think anybody will understand your post kindly check and make correction, I believe lot's of people here are really ready to help you but I think they have to understand your post first before they can help.

I think he is talking about a stupid mistake that you did because of fear.

It's just like you have a BTC worth $10k but you are thinking that Bitcoin will drop in price so he sold the BTC at $10k price due to his fear that the price could be decreased a lot. But it's not happening instead the price increased 100%.

That's what I think he wants to tell us.

Anyway, I always did mistakes in trading I thought the price would drop a lot that's why I sold my BTC that's the only mistake that I always did every time that I saw a huge price drop.

how to prevent doing mistakes? Well practice your strategies more so that you become confident of what you're doing..back test always, its necessary to be honest because if you have fear it means you don't have trust in your strategies everytime you're trading.. So more practice, if you see it's really working then be confident but of course always put stop loss because you know sometimes there are some false information so you need to be aware..

Lol but do you still consider that as mistake when you have made profit out of the decision you made to sell your coins. Except you sold out and made loss because you didn't know price will bounce back. But if you sold whether for profit or loss won't be considered as mistake because it was your decision and that can be called as regret if going by what op means by mistake. A mistake is what is not intentional. Example sending coins to another person wallet, taking a placement or order on a pair you didn't know is wrong pair that you didn't want to trade but you traded it afterwards.

Don't FOMO because once you do that you're done, you will suffer big losses that's probably going to make things worse for you since you're trying to get into a hype that's already dying. Also, learn your risk tolerance, if you know that you are on a not so good end of that meter then you probably should think twice whether you should buy those cryptocurrencies or not.

Stopping it is hard if you're still emotional by the time you trade. Train yourself for being calm most of the time. It will help you to be chill whatever the market situation is.
Learn to react accordingly to the market and don't always make yourself the one that fears the movement of the market if it's dipping. There's a reason why traders are profitable because they know how to adapt to the situation and they don't get on FOMO that quickly.

Until now, in spot trading this thing cause me lose or maybe sometimes only get my capital back. I think it is depends on ourself because with any suggestion, if our mental is not really affected by it, we will keep fear or panic when market is not really move like what we expected.

Do you mean how to know when to enter or leave a trade?
The only time fear comes in trades is knowing exactly when to buy and sell, which token to hold for short term, medium term or long term.

How to stop making mistakes because of fear I think you don't need to panic or hear news that is too bad due to FUD and this can happen because of FOMO or obviously something else, we must be aware that fear for me is normal in trading but the important thing is that we have to be careful and do more in-depth research.
Trading is a skill, even I have experienced this in the past but I have to be strong and let go of that fear because it will lead us to more into the trades we do, so stay positive and do what you can.

Even with the best TA and FA, there is psychological harm fear has on us that sometimes we cannot control. It's just to self discipline oneself.

You really want to know how to make stupid trading mistakes by fear? Or is it the other way round?

If its the other way round, then one way is to slow down, you are too fast in making your buy and sell decisions, just like you were too fast and anxious to post this that you didn't even read what you post.

But on the other hand, if what you want to know is as you have written it, then your answer is to continue to allow fear to make you stupid, then you will continue to make stupid trading mistakes as you've asked.. That all.

Learning it through experience and you would be the only one to find out for yourself on how you would able to control off your emotions because fear is

something always been part on a human being and its just really normal for us to have those kind of reactions specially when we are still a noob
but as long you do go further and make out trading involvement then you would slowly get rid of that.

When you do have sufficient experience,skills,awareness and knowledge then you would able to handle it out.
No one would able to help you on solving this problem but only yourself because its an internal kind of problem or issue.
Reactions and emotions like this is normal because we are afraid on losing our money.

The number one way to stop the wrong trading/selling decision through fear is to invest in a cryptocurrency that's as huge crypto community support, built on longevity, has a good market cap, and historical data.
Second, don't check the market chart frequently or habitually.
Third, crypto trading is like gambling and it is not meant for everybody because of buzz control. I will advise you to examine if trading is for you or investment (buy low and sell high).

If you plan to indeed trade, maybe let some bots do the job after you know how to fine tune them.

Or, just leave trading and HODL. Trading is not for everybody, you know. For me, some years ago, one simple way to ensure that fear won't make me sell early was the paper wallet: until you get to the point you'd sweep the paper wallet you may get to your senses, understand why you made the paper wallet, and stop doing the stupid thing. But this works only when HODLing.

You can stop doing this by making yourself more educated about the market, learning how to analyze properly is a big thing and you can really avoid doing any trades because of fear or FUD. Don’t listen to negative things in the market without having your own analysis, you can always confirm it by doing such analysis. Newbies are more to this but you can always learn so don’t worry about this, just keep pushing yourself to learn.

I'm sure you meant to add NOT somewhere in there...

Anyway, the only way to understand what's going on and not let your emotions get the better of you is to learn, watch and practice! Yup, no one said it will be easy but this is practically the pain each trader goes when they start off.

It will be a bumpy journey but just make sure it gets less bumpy along the way, because with time you'll be able to understand the markets and position yourself accordingly. Don't expect it to happen overnight though - gotta be patient and be practicing

Exactly. If you always have that fear, then you will never stop committing mistakes in trading. Fear and emotions are always those negative motivations so if you are driven by these when you trade, then expect that there will be more losses than gaining profits once you trade. Well, if you really want to succeed in trading, eliminate your fears and change it with confidence and determination. This will boost your interest in trading through gaining more knowledge and experience so you will not be committing the same mistakes again once you trade.