Bitcoin Forum

These are few challenges faced when I newly got into trading, which I think I should share so people who are new traders should know.

[1].Don't Chase the market:
There is always a next opportunity in the market,
If you miss this opportunity wait for next one.

[2]. Always be patient with your trading set ups:
 Sometime it takes you up to a week or more for a trading set ups to get complete before executing a trade.
Secondly, sometimes it's good to wait for your stop lose and take profits to get triggered and don't close them yourself out of fear.

[3].Don't predict the market ,react to current market situation.
This is what that cost me blew a lot of my trading capital. Always wait for trend direction and follow the trend , As they say... trend is your friend until it's finished.

[4].Don't outsmart the market :
market does whatever thing it wants to do, so don't be too smart wait for confirmation.

[5]. Don't be greedy:The master of it all.
Greediness can reap you off all your profits already gained from the market when you're trying to gain it all. Be comtempted with the profit you've got and have plans for profits taking.
This is one the biggest challenge I faced during my early time of trading and even now but it's reduced and controled.

Main ones that you should really avoid as much as you can or could because this would be the main reason on why you do mess up things or even make the situation even more worst.
Dont chase up for money and dont chase up your losses just like on gambling rules on which you should not rush things up whenever you do make out  trading decisions.
This isnt a race but rather talking about sustainability which is something that you do really need to do as a trader.You would learnt up things along the way because all of us do
start on being a noob so its normal to have these kind of realizations in our way.

Trading is a competitive business. It's safe to assume that the person sitting on the other side of a trade is taking full advantage of all of the available technology.

Charting platforms give traders an infinite variety of ways to view and analyze the markets. Backtesting an idea using historical data prevents costly missteps. Getting market updates via smartphone allows us to monitor trades anywhere. Technology that we take for granted, like a high-speed internet connection, can greatly increase trading performance.

 Mine was honestly just "get a grip of long term investment ant patience". That was it, the moment I realized that I could simply buy bitcoin, even if small amounts, and few other big name coins and just keep on doing that forever, and in 20-30 years I will %99.99 chance be a rich person was enough to convince me to go down that route. It never really mattered to me what the price of one bitcoin is right now, I could buy it at any price, what matters to me was just getting a good return in 20 years and I believe that most people knows it will be a good return in 20 years, thats good enough to me.

Predictions are normal in this market.

You'll always get to see people giving their predictions on how it's going to be look like for the next trend based on what they see in the charts. It's true that trend is our friend and we get to know how to react on it immediately.

With predictions, it's okay to have it as long as you have basis. Baseless predictions, they're the ones that shouldn't be one.

True.

If you are in profit, take it and don't wait for the market to take it from you.

Trading is about prediction, you are analyzing the price movement to predict its future trend so I don’t see any reason not to predict because this is very important in trading and we should always analyze to know what to do next. Even if there’s no trend you can still do trading, its all about the risk and if you’re ready for it no one can stop you to trade.

What I was taught and also base on my little experience is that market is not predictable, we can only react to market situation.
for instance, You forgot last year that many People were predicting 100k for Bitcoin by December but the market chooses it own way, if it's so predictable ,Bitcoin should have been 100k by now, so for me I react  to a given current market situation.

What happens is that as Warren Buffett once famously answered to a question of Jeff Bezos about why was not everyone copying him: ‘Nobody wants to get rich slowly’.

The vast majority of those that come to the markets do so with the intention of becoming rich quickly, some are thinking to achieve this in a few years while the most desperate for profits are thinking in terms of months or even weeks, no one wants to take decades for this to become true, and yet this is the safest and the method that will most likely produce those results.

Don't outsmart the market, it is most common mistake my winning traders who keep doing same things and expect same trading performance over the years. Market behavior may change, adopting a new rules can take a while while traders keep chasing losses which shouldn't happen at first place according to book. Chasing losses and fighting back market trends never bring good consequences for pro traders, better to learn from your mistakes before it is too late.

Dont make yourself that too much confident on things specially on handling the market.It may look like easy but once you do step your foot then you would surely realized that it is too hard to predict on where prices

could possibly go and this is where mistakes do start to happen and its true that you should really learn from your mistakes because if you do try to go opposite then you would see it as a big problem.

You would not sustain this market if you do really have that kind of mindset which you should really be changing it off for you to survive.

I believe this is the common problem of traders that are starting, even me before I can admit this. The feeling of like you FOMOd and you insist on finding a good entry even you already know that it's already too late.

Not all the times you can open a trade, whether it's a short or long position.
Always remember that there are millions of opportunities ahead, capital preservation is the key.

This is right. No need to chase the market because you lost and you jump right in again, this is not wise, the market can revert while you are on it. Is better to cool off and wait for another opportunity.

I think sometimes we need to close a losing trade if you see it will hit your SL because it won't do you any good to stand on the road while vehicle is approaching. That is the way the analysis is.


You enter a wrong trend you can be sure of losing your capital. Trading what you see can lead you into the trend.

It's quite weird to see the title as like that. Tips that you have learned that blew your account. Do you mean the following?

• You blew your account to liquidation
• You blew your account to larger amounts

Those tips can help you prevent blowing away your capital. I think you should change your subject.

They are good tips especially this kind of tips weren't teach in the courses or books since they are tips from actual experience of the trader and can only be experience through actual trades. You blew your account and you learned your lesson, I hope this lesson was enough not to repeat the same mistake. I would like to add the leverage but I think it fits in the 5 which is the greed part.

I do agree that if you are doing a long term investment, your job is easier, but trading is a bit different. In the trading world we are talking about a bit of a different situation where you need to buy and sell and do that quicker in order for it to be considered trading and not investment. What you are doing is called investment and that is a different situation to be in.

In trading, OP is a bit right, obviously those are known and at this period a bit boring situation to be in, and that is really not something that I would be loving to explain further, but anyone who doesn't know what OP talks about, shouldn't trade, and anyone who does but doesn't follow, probably knows why they are failing.

We must do everything to become more effective in trading, these advices can be more effective if you have self-control especially with your emotion.
Chasing the market, being greedy can't help most of the time, its always good to trade with a perfect timing.

Maybe those tips help his account to become more profitable based on content of the topic.
Common advices for every inspiring trader, which normally affect their trading decision.

It's JOMO: Joy of Missing Out. Opportunity comes and goes, if you miss one, you will still have others in future. Don't chase the market when price already takes off significantly.

It is more relevant to investment, not trading. It is very rarely to find traders with enough patience. That is an explanation why 80% or 90% of traders end with loses. Another reason is their undisciplined results in bad high-risk taking portfolio management style.

Prediction can be right or wrong but in case your prediction is wong, you must react as fastest as possible.

Don't time the market, let it runs. If you pick a solid project, price will take off someday. It's just your responsibility to own it tightly and make sure you don't bet all of your capital in a single asset.

Mine was stop trading, it ain't for you (in this case me) ;D. So I just went to DCA. When I tried trading I made a lot of mistakes, overextended my investments, made bad investments (which is natural even when you're already a veteran trader imo). The stress of losing money almost every day was quite heavy, couldn't really handle it even though I earned more compared to what I lost sometimes. It's like a permanent roller coaster of emotions, and well not that I'm saying that's bad or anything, it just doesn't mesh well with me.

Well, a certain amount of greed made you start trading in the first place ;)
So I'd better say: don't be overly greedy and stick to the plan. If you planned to cash in at a certain point, stick to that and plan the next step accordingly, because another opportunity should come.

 I understand that it took warren buffet decades to reach where he is, and he definitely managed to do something magnificent. However let us not forget that he was the son of a senator, who helped him get his first stock when he was just a little kid, and Warren Buffet never had any problems finding money to invest even before he was rich.

 However the mindset stands. He did the old long term deal and he stick to it. %20 a year is a very difficult thing to do if you would like to do that for 50 years in a row, he averaged that much, which is awesome and in return people trusted tens of billions of dollars to him. If we could do the same in crypto, just invest for the long term, and keep doing that for 50 years? Boy oh boy, we would get SOOO much more than %20 on average.

very true! we all want to earn something the reason why a lot are getting involve with trading, for the hope that they will get nice profits. but being overly greedy will be the reason of your mistakes or possible downfall. not cashing out while you are still positive, still waiting "to this moon" price, you will find out soon enough that the right time has passed already. so yes, being greedy is good at times but you should know your limits.

Don't be greedy is one the most crucial in my mind because when I go greedy I can lose it all in a few moments.

This is little bit difficult to practice, moreover if we are newbies. I myself am still confused about the common market situation to predict or analyize. Moreover if  a newbie, commonly they still can't do analysis on the indicator, so only doing it by the prediction. This is that makes dangerous because predicting market with only speculation will refer to gambling, not trading.

People are full of greediness and this becomes one of the weaknesses of people moreover in trading. Greedy of willing to get very high profits or even greedy to make high profits from hype coins, but in fact they know nothing about this. This is completely ad situation for newbies who are greedy from the beinning.

It's indeed!
That's why we shouldn't chase our losses and control our greediness.  And maybe you forgot to add this in OP, it should also have a stop loss so that you can minimize your losses once there is.

I know it's very easy to say these things but for sure it's hard to do this especially when you forgot your goal.  Trading it's always been crucial, we should have these skills, knowledge plus instinct.
It's all about how we can manage ourselves in trading, there's no shortcut, everything should gain with pain.

Wow! Makes total sense here, this is one the problems facing most traders, people really wants to become rich over night with just one or two traders while it's not so most successful traders I have met narrated to me that the most profitable way they grew their account was through gradual process.

It's very important not to be greedy when it comes to trading because I also believe it's not making a profit but a loss,
in some moments greed is still acceptable even so it must be based on research and analysis,
seems like every trader has been greedy and I think that is part of learning

True, when we are too greedy for big profits then we will regret it, I often get when trading there is an opportunity to sell when the price skyrockets to thousands of percent, unfortunately I thought that the price would continue to rise but what happened was the opposite, it dropped more than 90% and continued drop so I lost the moment to profit.

Trading is not an ordinary job and you need to compile different factors in order to survive in this crypto trading field for long term.Some of your points are right that don't be greedy in this space because it could have negative circumstances which can leave you with nothing in your hands.You see some temporary profits in any coin and you make them but your greed grows more to earn but after the dump period you have nothing left with you so it's better to be satisfied with what you get.The other points are fine but also learn from your past mistakes that will give you more experience of the trading failures.

Spending time in trading with lower amounts will going to teach everything that we looking for. I always learn one thing is that when everyone is in panic and selling cryptocurreny then this is best time to take entry. Always buy at low. After buying at low never in hurry to sell because this is the time that determined your portfolio balance. Always sell in high to make maximum gains. This is just simple trick you can apply on your trading.

You have all stated right but this #3 gives me more attention.
Being a trader we should have to be
 * Calm and
 * Be patient

If we are being reactive to the market trend, tension may grow and even blow our minds started to think about selling. Instead of being too emotional, we have to act according to our plan as pro-traders do and wait for the right time to sell.

Greed is definitely one of the worst in this one. I have seen a lot of people who trade and their trades turn into investments. If you are trading then you are trading, stop trying to make it into something bigger and better just because you got in at the right time. Sure, it is great that you bought it and right afterwards it started to skyrocket, but if you were aiming at trading it, then trade it.

If you start to turn your trading into long term investment then it could be fine as well but know that it is a long term investment and realize it will go down eventually as well. Some people forget about that part in the long run.

What you should do as a trader is actually quite simple when you write it down. I am not even joking, if you could write down what you should do as a trader in order to earn a lot of money, we would all mock about how simple it is.

But, the reality is that we are talking about something that is a bit more than that, human mind and emotions gets the better of us whenever we are trying to do something decent and that results with us eventually getting worse and worse. This is why it looks so much easier when you put it into words and that is why we do not have too many people doing those easy things. It is easy on paper but when you try it, your mind and emotions play you a game.

Add to that is to be open-minded.

Learn up something from the mistakes that you had committed and realize on how you do able to commit  those mistakes.Trying to find out on whats the reason so that on next encounter
you are fully aware on possible action that you would make.

If you do really make yourself confident then thats would surely commit or make more mistakes.Be mindful and setting out less risk with your capital.

Almost all traders I think have experienced something like that and maybe it is a good experience for the future not to be greedy,
even though at that time of course we felt sorry for not taking advantage of this moment to sell,
maybe if we do some research and analysis it will help to make a decision

Thats right. If you missed an opportunity to either buy or sell, dont chase it and panic. Learn to wait for the opportunity to come again or else you might get rekt.

Indeed. We have to learn to control ourselves, not only in trading but also in everything that we do that involves money. Its a human nature to be greedy sometimes but be wise to not regret your decision.

Do you think it can be easy? Honestly, the hardest part and really challenging are how to control emotions. Many had tried it hard but many had also failed.

We can stop greediness in real life, I can tell I was greedy then but I know it wasn't at the highest level of greediness where we lose control of our emotions and have been in hard to make good decisions.

Earning more wasn't greediness at all, it was just the result of hard work and dedication. This is what I saw in myself.

I agree about all of the things you've mentioned.

My favorites are "Don't chase the market" and "Don't be greedy", because I totally can relate to that. After you lose a trade, a good reentry is a must, if you lost your trade because you went short then it pumps, doesn't mean that the next trade you'll do is to buy, you need to make another TA for that, not just randomly making trades.

These are basics to become an professional trader who want to last long in the fast moving market, I can't say these things will blow oir account and create immense profits but definitely can save you from huge loss the main thing in that is greediness which is actually the reason why many traders goes bankrupt.

Agreed, when you start winning trades, such as three in a row, greediness drugs kick in. always think that you'll always win the trade and that no one can stop you. It is really hard to control, but practice makes perfect. This word is really used by most traders, and when you are watching any tutorials, this is really what they say, because no matter how good your strategy is, if you can't control your emotions, you'll end up losing. But again it is easy to say but difficult to be done.

Without a doubt he had advantages that we do not have, however he made the best he could out of those opportunities, something that is not as common as people tend to lose their way when they have so much money and power since they are little kids.

Warren Buffett has proven that his approach to investing works, so even if we could not do what he did and invest in bitcoin and hold for 50 years I suspect that even holding our bitcoin for as long as 10 years can be more than enough to give us incredible profits, however the number of people that can do something like that is incredibly limited.

Love it when he mentioned don’t be greedy, it’s master of all! Lolz. He got the feel for it already I guess and learnt the lesson. Exactly it is real enemy whether it’s simple investment, trading, gambling or even buying sugar! If you become greedy then you are pulling big trouble towards you. I learnt this the hardest way after loosing handsome money to altcoin market. After that I literally focused on bitcoin and few well studied alts only. Moreover I am also just feeling up my wallet and hodling them and not really trading just because of that horrible experience. So yes those who would be starting new or whose already into it, just take this as reminder and keep safe trading.

This is actually very important to understand and is often misunderstood, people should understand that market knows everything and it has discounted everything, you should never be like my analysis is 100% correct it's just a small deviation we will be back on track soon, these sort of things are what actually lead to your failure in the market. Think of market as a giver and be the taker by obeying the rules, the moment you want to outsmart the master you are tricked into losses. The biggest example of such a thing is holding onto a losing trade which is clearly visible as bad. People think that there analysis was right market will retrace for sure but forget the fact that market is what is always right if you hit your SL just get out of the trade.

making prediction is the most important because you cannot react in the current situation of the market if you didn't speculate the market very well, wherein in order to have good prediction..
And even you follow the trend as long as you don't have enough idea or should i say information what will be the next move of the market base on your technical analysis it is useless and surely can blew your account afterwards..

So don't just follow the trend, learn to how to make a proper technical analysis as well because it's a big advantage.

Greediness and not having patience to take things easy are one of the problems in that has been a serious challenge for some traders. For one to be successful in trading it is important for one to understand that greediness and not having patience are the set backs that can make a trader to loss all what he/she has been building for sometime. Traders should learn to be satisfied with little profit.

On the contrary, being greedy is never the real enemy of every crypto trader but a lack of knowledge because being greedy is one of the best decisions only when applied at the perfect time which is when people dump or when their fear in the market you can greedily buy. However, buying good crypto is needed and this is one of the reasons why I said lack of knowledge is the major problem of crypto traders.

Your last Trip very important mate because in the trading section you should not have enough greedy and emotional feelings. Trading platform is the platform where you greedy more you can face a huge amounts of losses.

Yes, of course everyone will be aware after reading your post. People can only learn something when they lose something.There are a lot of ideas about your trading now because you have lost a lot. There are many people who come to trade without realizing it.If you want to trade, you must be well versed in trading. If not here's a new product just for you!

From my own personal experience while trading cryptocurrencies, I had a tough time in dealing with greediness, I had experienced situations where an already profitable trade turned loss due to my inability of being disciplined and take profit appropriately even knowing that price of cryptos is very volatile, however with some little research using a technical indicator known as Bollinger Band and RSI, I had been very careful now while taking my profits irrespective of how small or huge once the price moved out of the Bollinger Band both upper and lower for long and short trades.

There is pros and cons of being greedy which you are definitely right that it isnt everytime in talks about negative of someone being greedy because it all matters with the timing.

If you do know on how to balance everything and have some good control of emotions in regarding with your actions then you would really be finding  this beneficial.
You would definitely blow your account if you dont set out proper risk management which is really very that common.

The greed point that often lands on us must be trained gradually so that one day we can control it and not backfire for our trading failures. It's hard to control your emotions but that doesn't mean you can't. by being able to control emotions, then we can run the analysis well, and not go out of the framework that has been set previously. By learning discipline, then later we will understand the strengths and weaknesses of the strategies we use

To sum up, we should always know how to handle our emotions so we'll be able to deal with every market situation. Patience is also the key so we could make the right decisions at the right time. Also, continuous learning is too important because trading is a long process of learning. There's no such thing as perfect trading because we will always encounter failure but having enough knowledge will always be an edge.

Nothing like that to say a trade experience is perfect because every trader do witness losses in a week or between two weeks, so for newbies to think there are traders that don't make losses is not true but we can say it has been a good trade when the profit is higher than the losses. Patient is very important to trade, a trader that has no patience is going to keep losing.

alot traders failed to this reason, they want instant process by taking huge margin in every transaction so make their position easy to liquidate when wrong direction with market. greedness be main problem and the key for traders success, using good  money management and patience with process,will help us to failed and survive for long term

Instead of greed I prefer to think of that as setting unrealistic expectations for themselves, if someone told me they wanted to become rich with cryptocurrencies and they had a good amount of capital and their time frame to achieve this was one or two decades then that would seem realistic to me and I think they could achieve that, however if someone with just a few dollars told me they wanted to achieve the same in a matter of months then I do not care if they are the best trader the world has ever seen, they will never reach their goal.

most traders trapped in fomo till finally they get higher price that actually too risky. never fomo and always thinking there are alot opportunity in market next. but most of us could not controll this emotion.


best trading set up will form in a day or even week, its not occur everyday but when we find it i am believe it will give us best risk and reward ratio.

Well I have already said about this, that people who have heard about profit are simple to draw a conclusion that trading is a simple way of making a profit without knowing that it is not an easy one. That is why most people who fall into the trap are those greedy people, we should not be greedy and when we lose, don't chase losses because that will be the reason why we encounter a huge loss.
However, in trading --there is a do's and don'ts which are the most important thing that we must understand, not all get profited in trading.

Trading is about how we understand and analyze the market and then determine when to sell or buy coins, so it can be said that a trader needs to predict the market in order to make a profit. besides that we also have to be smart to read and take advantage of the moment, whether it's a moment to sell or buy. therefore a trader must be able to see and understand the crypto market. Regarding greed in trading, it must be avoided because it will only make us rush and be less careful. indeed to trade we have to move quickly and smartly but if we are too greedy it will only make us panic and not be able to control our emotions properly.

I think the reason why most retail crypto traders fail is either investing in low cap alt coins or using high leverage.

We all heard what happened with Doge and Shiba, so people are buying any low cap alt coins thinking they will score a 100x and instead they get rugged.

Or they use 100x leverage or even 20x leverage trading perps and they get liquidated whenever there is a decent sized move.

Trading over 5x on leverage is a big gamble, I did it myself and at the end I learned. Most normal people  who started in crypto invested in those hype coins and got burned so we got kinda a bad name for trading and crypto in general.

From what @OP said, it's all true for anyone because those are some things that will help traders profit. Maybe there are many more that we do not know due to lack of knowledge about it. But I agree with numbers one, two, and five because we don't need to chase the market if the price has gone up by half. After all, there is no guarantee that the market will keep going up. In addition, if you can be patient in trading or analyzing the coins you want to buy, you will find the right coins to buy. And number five, don't be greedy to withdraw the profits already in front of you because they might disappear in the next minute.

I still remember my newbie days in trading. I'd always think about losing an opportunity once I miss buying coins at a lower price so what I did is to still buy them even during the hypes. That is why I'd suffer more losses than getting some profit. And from that, I learned that it was no need to chase the market, prices may go up and down, and what we need is patience.

That is why I'd love the volatility of the market. If we miss this time, there is still a chance in the next round. Or, just to look for other coins that aren't yet in the surge.

This is very important. Some days ago I give signal of Near token in WhatsApp group. One if my friend bought at 14.2 but suddenly market down little and Near hit stop loss of 13.5. After that Near token hits 17$. If he had Patience he would get profit. So patience Is main key for taking profits.

This is another big problem in investors. Profit booking is very important. Most of people go for loss because of greed and did not sale on ATH.

This is the reason why they say time is everything in the cryptocurrency market and I make this point cause some people believe being greedy is something really bad.

Honestly, in the crypto market, no one really knows how to balance everything cause we dealing with a high volatile market that can present a trend even when we're not ready.
Crypto trading is like gambling and good emotional control will never work if the trader doesn't understand the fundamental concept of trading.

Its understandable that we do really commite out mistakes because we are just newbie or doesnt have that much knowledge or skills which is understandable but on the time that you had acquire such

skills and knowledge then this is where you do able to have a good grasps on the market and this would really be taking some time and you shouldnt rush up just like on what noobs do usually do.
YOu wont really be able to enhance or improve yourself if you wont really realize on things on what you should gonna need to handle out.

waiting for a new opportunity to come is not easy as well as when you see an existing opportunity just disappear without having a trader take part in it, but yeah you're right don't force yourself to follow every opportunity that exists especially if you know the time is too late

follow the trend will only be profitable if you join it at the beginning not after it declines, for example memecoin if you enter the market at the beginning it will be very profitable but when join in middle or in the last period don't expect profit otherwise only become a long holder or do a cut loss if you don't like looking at assets keep dropping

The most important thing is how we can respond to what is happening in the market and not rush into making decisions. With calculations and analyses that are not in a hurry, you can make decisions that may be right based on the circumstances.

And at number one, it can be a turning point for us in looking for every next opportunity because whatever happens in the market will give us an opportunity to enter or stay waiting for a while.

By using analysis, we will know what we have to do. And coupled with calm analysis, we can know if the time has come for us to enter the market and buy the coin or is it better to hang on and wait some more.

You are quite true to follow trend because you start making profit early before the market even get to the way where it starts slow move because more people have entered and some whales have pulled out but how to catch the trend is the real issue. Some meme coins only get popular around when it has already had ATH and entering such times is risky.

Imo, all of this has to do without a trading mindset. We all want money, but in hope of that, we undermine the risk of trading and fail to trade carefully. Our goals should be realistic and to achieve that we should have a plan and a set of trading rules beforehand.

If you are a newbie, there is always that feeling of eagerness to make more profits as much as you can even if you know the market is not at its best. It's like making a race over the market, and you know that you can't win over it. Patience is always the key. The market has its own best entry and best exit so you should always be aware when is the right timing. And to think that the market brought a lot of opportunities, you just have to patiently wait for it and seize it when its already in front of you.

True, it's okay to failed at first, there is always a next chance for us.

Believe it or not, people trades by following the trend have achieved more profits than regular trade in most cases. Look at when Doge and Shiba went up to the moon, I have seen people in my place were getting good profit from there and stop it when they have enough, it's surprisingly a great method to earn something really big in one sitting.

True, sometimes if you think you have enough informations  to decide what to do in trading, but in the end the market does the opposite for you. It's not going to hurt if you wait patiently and wait for the right moment,  chasing for bigger profit is fine but you have to do it in the right conditions.

Always know your limits. The market will always be smarter than us, and we will never win over it. We need a plan and we need to stick with it and simply not chasing over our losses. Although we always become emotional because of some unexpected losses, but we will never make profits unless we never loss. So better we'll just learn from our mistakes and move on. Sometimes all we need is trial and error method so we will know which way will work.

That would be easy to tell, but definitely hard to do it and perform. I guess no matter how often we end up doing mistakes and commit losses, we still fall doing the same mistakes again because we tend to become emotional most of the time. But that is part of our training in trading, learning it the hard way. But if we still end up making frequent losses at the end of the day, maybe we should start to think if trading is really our passion.

Know your limits and set stop losses and be contented on what are the possible profits that you could make. Dont tend to be impulsive because this kind of emotion would be the reason on why you would really be ending

up with mistakes and its a very common scenario that do happen to everyone.Its inevitable actually but somewhat can be controlled once you do already gained that sufficient experience.

You could really blow your account easily if you dont mind on setting out risk management and other factors needed.

This isn't a race yet rather discussing supportability which is something that you in all actuality do truly have to do as a broker. You would learnt up things en route since us all do
begin on being a noob so having these sort of acknowledge in our way typical. Regardless of whether there's no pattern you can in any case do exchanging, its about the gamble and on the off chance that you're prepared for it nobody can stop you to exchange.

I think this is an important factor because most investors will continue to chase the market because they think now is the right time to enter, if we continue to chase the market then we will get a high price so that after we buy the price will drop and we regret for chasing the market and getting high price.

You're certainly right mate, in trading, we shouldn't have to take it as a race of who should be the one to earn faster because believe me those traders who successfully earning good profit now they are waited for this time to come. They invested their time to learn the rules of trading, to learned from their mistakes and continue dreaming and taking action on how to perfectly trade without losing a lot. Like we always heard from a saying there's always a perfect timing for everything, so if your trading strategies and techniques didn't work perfectly now then time will come you will master it and you can be good at it.  

There are always new opportunities everytime in the market. Patience for a new signal is always the best for successful trades.
If the analysis is right hold on to your trades. Most times retracement can be very deceptive. But this is only applicable to trading account with good funds not a $100 account
We don't predict the market we analyze. And for analysis it takes more than one confirmation to establish a trade decision.
Knowing when to use a particular trading type will best suit this. Different market condition have different trading pattern. Knowing which to use at every point in time saves your trade

Greed is the key killer of good strategies. Not even the best trading technique survive a greedy trader.

Correct, however if we look a little bit deeper we can see that both of those scenarios are caused by unrealistic expectations, basically people come to this market thinking they are going to make a fortune and once they try to put into practice the strategy they have selected to reach their goals, whether this is investing in high risk altcoins or using leverage, they realize their mistake and see how their capital disappears from their account, this could be avoided by actually learning how difficult it is to produce the profits they want, but very few people stop to consider how realistic their plans really are.

I'm going to follow you with your statement. It's true that emotion makes us suffer from doing the same mistake over and over.

If we don't allocate extended time to learn, the chance to repeat is very possible,
learning things the hard way will strengthen our understanding. It's a must that each traders needs to have.
Look always from different angles before taking your position, from one mistake to another. Make sure that
you already adjust and trying to improve your strategy.

improve your emotions from both greed and fear while you are inside the market.
It will help you in succeeding from each goal you have during your trades.

There is always a next opportunity. This should be the watch word of a successful trader. Every candle stick is an opportunity. Every dip is an opportunity, every bull is an opportunity.
The FOMO is a very dangerous. It has made many coins dump on me and tidy I would have made x500 of the coins assuming they didn't dump on me. When you hit your daily target, exit and what for another opportunity. There must be another opportunity.

Secure profits while you can and dont ask for more or do wait for further pump because this is where mostly people do commit out mistakes on missing out those opportunity on making big profits
just because they do aim for something more which shouldnt really be done with this market where volatility is really high.You could earn big and also miss or lose big depending on your said position.
It could really totally blow up your account if you dont manage it well.All factors needed for trading should really be considered so that you would able to sustain yourself on long term durations.

However there is a caveat, every single movement in the markets big or small is an opportunity but only if you have the knowledge and the money to exploit it.

If you do not have one of those key components then there is nothing you can do to profit from the markets, as without money you cannot trade and without the knowledge you cannot know the most likely outcome which may come to happen next in those same markets, so it is important to always keep this in mind, especially since newbies have the tendency to trade the markets without any knowledge about them and that is why they lose so often and their losses are so massive as well.

What is being said above are accurate but the reality is only few people appreciate it like when there is a heavy dip, most of the reactions that we expect are the same, they hate it and they are worried but for the small percent of people they know that it was an opportunity. Most of us only knows one opportunity and that is if when the market is pumping.

In this market, we need a money to buy coins to trade, everyone knows this already but not all have the right knowledge to trade, this is what makes them a failure. What is worst is that they also use bigger amount of money to trade. They acted like they are not a newbie in this market.

What killed me about trading when I was starting out was the lack of patience, sometimes waiting a long time made me desperate, just seeing that the movement I wanted to happen did not happen, sometimes it made me leave the market no matter what. in loss and then after hours if it happened, this caused me frustration, then I tried to do scalping and it was like something worse, because for scalping what is needed is to have a lot of balance so that in the movements that are made in favor you see the benefits, otherwise there is very little that can be won, the bad thing is that if the movement goes against you, you would lose a lot of money and quickly.

Greed may sometimes be useful in some ways, but mostly, when you come to invest, you should never be driven by greed, or simply just learn to control it. Because its part of being a human, so eventually it will always develop no matter what, but as long as you can reduce or control it, then things will be fine. However, when we are in crypto investing, we should always take time to sell when the prices of the coins have increased a lot, that way we will sell in profits, not with losses. Because knowing the market is so volatile, the prices will eventually drop down without us knowing so better sell them when there are good opportunities to sell.

Plus, when you make a purchase the price goes down, and vice versa when you make a sale the price goes up. That's what keeps me from being in the market every day. Turned away from the Chart movement, Decided to be a Holder and educate me as much as possible to control my emotions. Until gradually it turns out that the holder is more mentally educating us to continue to think positively.

Hodling of coins is not the same with trading and so the emotions involved are not the same thing. A trader should have a very good emotional intelligence and balance not to be overtaken by the speed of the market but hodling is to effortlessly witness your coin rise or it falls whichever is the case. But trading generates income faster than just hodling a coin in your wallet.

Trading futures and long term holders, all with agreed risk. But for the holder, we can only sleep more comfortably when there is a temporary decrease or temporary increase. Of course trading generates passive profits, but it is not always profitable. As for the Holder once taking profit, it clearly outweighs the gain from trading (especially in bitcoin).

It is clear that trading is more risky and that is not disputed. Again the profit in trading is just for few, not every trader profit but every hodler will get back the hodling with time if the bull resume. I have hodl a coin to a point it diminished because of decrease in price but by the time the bull resume then the coin got back to profit that is the point I'm saying.

Well since hodling is counted as investing in my opinion so we should know about the project that we want to invest but in trading, we should know much before entering the market because when you see the market you will confuse in the first look that's why education is needed. Trading will generate income faster if we are always in profit but if we're in losses then there's no income for you

One of the main differences between a trader and an investor has to do with their frames of reference, an investor is thinking in terms of years or even decades, which means that when the price of an investment they made begins to go down they will keep holding their coins as they trust in the fundamentals of the asset and not on the short term fluctuations they see in the market, but a trader cannot afford to do something like this and instead they need to sell under those circumstances, and even if the profits a trader can get are better it is way more difficult to become proficient at it, which is why many people prefer to become investors instead.

I agree. Everyone can be a trader but not everyone can profit and succeed, thats why some traders decided to be a hodler because its less risky. Im an active day trader before, but I find it hard and stressful, it also requires lots of time to monitor the market. Hence I switched to being a hodler, although it takes patience in order to profit, but its worth it if the bull market occur especially if you're holding a well-established coins that has a huge increase.

Yes, these are good principles of profitable trading. 

New opportunities are constantly appearing on the market.  The problem is to see these opportunities in time.  In trading, you need to make a profit not only in terms of US dollars, but also in terms of bitcoin.  Otherwise, trading makes no sense.  You can just hold bitcoin. 

It is also very important to keep your emotions (greed, fear) under control.  Emotions are very dangerous for any trader and can nullify his deposit. 

It is important to understand that the market is always smarter than you.  It generates scenarios that you can't even imagine.

This point most important on trading bitcoin or altcoin, some time have trader not patient waiting with price drastically drop for buy back several altcoin, they not really understand with risk when keep buy altcoin on higher price actually after reaching all time high price. Last week my friend not patient waiting with  Zil coin price drop to buy and keep try buy on higher price about $0.2 and now price drastically drop until $0.1 and almost loss 50% and keep holding until now.

In trading in crypto as a trader, you must know the right moment to buy or sell,
in this case I think as a trader it is also very important to have skills in analyzing the market,
at least it will help in making decisions and can also minimize the risk

basically psychology becomes the most important in determining trading success. there will be many problems that will be faced or a problem that we repeat ourselves because we often make the same mistakes. that is why our mindset and our mentality are of utmost importance, because even with great strategies that may be the same as those used by famous people, but if our mentality is still problematic then it will be useless. therefore creating a framework and running it according to plan is the first step to forming trading intuition

Understand the basics
Dont get yourself impulsive
Dont easily believe with shills and fuds
Decide for your own analysis
Dont be greedy
Be good on handling your capital or simply risk management.

Although learning up these things would require for you to lose some of your investment on which you could
really gain up experience from that one.

.

The most important thing when you are a newbie is to continue to upgrade your knowledge and be brave to try, but since we are into crypto the most important thing is to understand that there is a significant price risk, always be optimistic and don't be greedy when you see profit will make us able to profit and become proficient one day .

This is very true.

The mistakes I've made when I was starting trading is being greedy, not making any technical analysis, and not setting stop loss and take profits even though I don't watch my trade 24/7 because I'm doing a lot of things. However, realization will come up naturally after you spent a lot of time and money in trading. You will eventually get the knowledge you want to at least make profits most of the time. It's all about patient, and continuous learning while risking your money.

It's a natural thing experienced by every beginner, I have personally experienced it even though until now consistent profits have not been achieved, but knowledge and experience are the best assets to start this business. many people can't stand psychologically, so after experiencing losses, they are traumatized by cryptocurrency, this is where we can take lessons by asking ourselves, where are we going, so that over time good discipline and psychology will be formed

If you are trading with emotions and think that you could do better than others based on your gut feelings then you will lose a lot. You are right that people make the same mistakes because we repeat ourselves, and that should be something to be careful about.

If we could realize the fact that market doesn't care about us, and the market doesn't go up and down based on whatever we do, then we will realize how cold and ruthless it could become. If you use that to your advantage and leave all of your emotions aside and start making a profit based on what you see and how market moves instead of what you "feel" it will do, you will start earning a lot.

This is without a doubt something key, most people that enter the markets never stop to think if what they are trying to do is something that goes well with their personality or their current lifestyle, they are just interested in the money and nothing more, however by not taking into account their own circumstances then they are just making their failure even more likely, so when we take this into account the majority of the people simply do not have the right conditions to become traders and should become holders instead, which unfortunately is something they discover way too late.

.

Newcomers here are newcomers so the most important part of their income is that they need to be updated and have the courage to try from here but the most important thing in the market is always optimistic to understand that there is a risk to add here and it is very difficult to talk to those who become profiteers and  They are always at risk

There's always risk in the market.

Holders and traders do experience it.

And for you to understand that you should do it is that you need to be not greedy. Once you start thinking of it and you're being outsmarted by the market.

It is what's going to be the main catalyst of your trading adventure. And if you can't do it, you should just look for a better way to make money in the crypto market aside from trading.