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Their are few mistakes we trader make even when we already knows the craft but we still fall victim to, which are;

-  Trading against the trend: when trading against a trend their is a higher possibilities of you losing that trade, if you spot an uptrend, you should only be looking for a buy opportunities and if you spot a down trend you should only be looking for a sell opportunities simple, you get more winning trade by doing that.

- Too much monitoring of the chart: before you place any trades use a margin you can afford to lose, so that once you place your trade, you set your exit point, take profit or stop loss you wouldn't be checking your chart steadily, because by doing so, you emotions will come into play if it's a margin you can't afford to lose, try as much as possible to trust your analysis, leave it to play out if you want to make good money from the market if it's going your way.

- Entry point - most skill traders I have encountered struggle on this aspect, your entry point determine your risk to reward ratio and that is what keeps you profitable.
if you can get a good entry point by letting the market come too you, even though you loss 60% of your trades, you will still be profitable because 1-3 risk reward ratio will be the least you will get from such entry.

- Too much emphasis on technical indicators: most indicators mostly shows the past data of what have happened in the market, but wouldn't show you what is coming next, that's why it's very important to look at the price action of the chart, you react only to what the market gives you, not by doing what you think.
if you must succeed in trading you must start learning to react to what the market is playing out.

- Always calculate your loss before profit: when you trade with what you can afford to lose, it is near impossible for your emotions not to be in check.

- Avoid trading consolidation: traders that fall victim to this one are people that takes many trades, trading consolidation is very dangerous because it can go anyway, at such point, the market have no clear direction.

One of the mistakes I do is to trade when a coin has increased significantly in price. If it has increased, I go on short position. This is also what I do if the market price of a coin has decreased significantly, I go long. The mistake is that the market will continue in the direction and no reversal sometimes.  I later used averaging with it and I gain than before but it is very risky.

In such situation before thinking that their will be change a of trend,  if it's an uptrend, you look at the price chart to know if the buying pressure have subside and to know if there are more sellers in the market to push the price down. In trading it very important to be thought before venturing into the market, so that your will know how to react to the market by it actions

Biggest mistake of traders is Do not use Stop Loss or Stop Limit orders. Those order types can help them to avoid big loss when the market moves very quickly, crashes with very panic selling from other traders and liquidations from exchanges.

One of best weapons in trading, Stop loss order (https://bitcointalk.org/index.php?topic=5173189.0).
Stop limit order, what it is and why investors use it. (https://www.investopedia.com/terms/s/stop-limitorder.asp)
What is stop limit order (https://academy.binance.com/en/articles/what-is-a-stop-limit-order).

Another mistake from trader is they use Margin, Leverage. They believe they can get rich quickly with margin, leverage, futures but they get poorer or bankrupted.

A big contradiction dictated. You advised that we should trust our analysis and allow it to play out if we want to make big money. Not advisable to keep visiting the screen to twerk our emotions by doing the wrong thing. This is understandable, but the second advice, you said we should learn to react to what the market is playing out. This also means that we can let go our strategy and react with the market. Are you not sensing contradictions here?


I have had a very bad experience with the stop loss. It is a nice tool to mitigate losses and it is also a good tool to prevent wins. At times I feel that someone watches to see where you place your stop loss and trigger it and after which the market will reverse to profit immediately.

I'll rather trade with 1k without leverage than $100 on X10 leverage

Is it not related to 1xbit or 1xbet? I just asked this. But I hope 0xbet is not related. Anyway, welcome to the bitcointalk forum. I hope you can properly establish your community here in the field of crypto business.

Do you have any bonuses ready for newcomers to your casino? apart from welcome bonuses, free spins, and others? The competition that you will face here in the crypto gambling business is quite intense, so you should refine and improve your actions.

Yes that's right. This is often done by many traders. When there is a breakout, the rules are that you have to follow the trend, but because you see that the price has gone far, your instinct automatically seems to be to see the moment to fight back (because your heart says "it's time"). Changing your mindset is indeed difficult. because it is filled with fomo, greed, etc.

As well as additional advice for friends. When market conditions are no longer running according to the previous trend, traders need to prepare anticipation according to their respective methods. Don't fight the trend.

The truth is It can be tempting to over react to every little market movement and make constant changes to your trading strategy but that's usually not a good idea. Markets are volatile and unpredictable and trying to time the market often can sometimes backfire. It's usually better to stick to your plan and resist the urge to make emotional decisions based on short term price movements.


No, I don't think there's contradiction here because reacting to the market doesn't necessarily mean making emotional decisions. Instead, it means adjusting your trading plan based on new information and opportunities. It is about being flexible and adjusting your strategy based on what is happening in the market.


Hey! What do you think you are doing here? Oh no, Wrong thread I guess.

I am happy that there are tips and attempts to make things easier for beginners, but some of these tips will not be of value without you trying trading, as it is easy to say to a person, “I control his feelings,” but when trading comes, unless you have trading experience, you will end up forgetting this advice, and it is also It is difficult for beginners to find such topics. Therefore, it is better to avoid creating more of such topic.

could it be too much analysis that sometimes the trader instead freezes and is not able to execute trades because of contradicting indicators he uses?
we've seen those users who have been studying too many of these indicators and in their charts, there are 7 of them not confirming each other whether the trend is exactly where it goes.

the trend is your friend. this has always been the proverb of forex traders yet it applies to the new market as well. kinda telling us it's the golden rule to make a profit and not those paid indicators.

This is where stop loss would really be that relevant or useful yet its really that very normal that we would really be making counter trades if we do assume that there would really be a reveral.
We cant really just that able to know on how deep that movement could be or simply we dont really know on whats the bottom of it on which it would really be that so normal
that hesitance and doubts could really be felt out on this kind of moment on which you would really be that trying out to wait up until you do see some reversal candle which it would
be usually a doji or a hammer but of course crypto market wont really be always getting aligned with technical approach.

This what makes it hard considering on making use of these tools but it isnt really that something that  you should ignore which we know that it is really that
relevant on times like this because you cant really just make out buying or selling positions without having those kind of approach
because having no use of any analysis  would really be just pure gambling.

As a trader you have to monitor your trade because monitoring of your trade will help you not to lose, their is no apparatus or tools you will use in trading that will not permit you or give you the privilege of not monitor your chart of trading, because in a trading irrespective of your tools you will not hesitate to be observate  and also be conscious in a trading to ensure you have to make a profit, either you use stop loss or not and without observations in trading you will lose, so therefore trading requires monitoring.

Here are the mistakes which usually make:

1. I have personally made and still end up repeating is if the market goes against you like if you have taken position for long and price starts dropping down instead of applying stop loss I rather wait and take risk in assumption that market will pump back and I will get more profit but eventually end up liquidating my funds as result.
2. Sometimes I go for higher leverage in greed of earning more profit which often ends in losing the trade.
3. I have stopped doing it now but till few months ago I used to check the loser index and select the coin which has been the biggest loser of the day assuming it has more chances of recovery I made this mistake last year with UST and LUNC during the month of May when we all were shocked by crash of Luna.

I have learn to avoid these mistake for future and I would advice everyone to list down the mistakes they have made and work on it to avoid repeating the same mistake.

Yeah, that's true. I do this too. However, I go in with minimal risk during consolidation until there's a Breakout and then I double my risk the direction of the BO. I don't just hop in once there's a BO. I wait for a retracement. Price has a way of retracing to retest its point of BO, most times. There's a 8 out of 10 chances that it will return for a retest before journeying on.

However, besides all the mistakes you listed is the a major one you didn't list. That's lack of emotional control. Emotion is a trade killer. Any trader who can't control their emotion, whether in winning or losing, will have a hard time being profitable.

And this is what people lack of, they don't react when the market is playing out and even it's already on their favor they don't want to make profits out of it.
They wait and wait until they become greedy and missing the plane. That's the scenario for most of the traders but the experienced ones, they don't get along with them.
They make money, don't become emotional whatever is the situation of the market and they play out nicely with profit taking.

I do say in trading no one is an expert though there are people who made it through it but not for everyone from my own view, because mistakes can come at anytime and when a trader is always trying to be professional in their trading journey they often make lost, why because they thought they can handle the entire market conditions or can trade with past history to what the previous candle and indication they had before. Naturally it's too complex to understand trading entirely even as I am now currently I do finds difficulties while to make some cool cash from it all less I just wanna scalp for the day maybe buying little and watch for just some percentage changes and this could be 1 to 5 percentage I can likely take profits.

Professional, expert or novice traders, they still can experience mistakes or losses.
Even if you say, you already know a lot of angles in trading, still, you are no exception to suffer loss.
As each project is unique to each other, there is no concrete strategy that will work every time you trade.
Hence, mistake or miscalculations is always around the corner. After all, we are only speculating on our every move.

These tips can be quite helpful if you are a beginner trader but experience is still the best teacher as you won't understand these basic tips if you are currently not experiencing real trading. That is why for you to overcome some common mistakes in trading, you need to trade more and the more you commit mistakes, the more lessons you will learn. While losing can discourage traders from trading more, but know that its the best option for you to become a pro trader and be a successful trader in the long run.

Tips can be forgotten when you are already in live trading, but if you have the knowledge and skills obtained through consistent trading, no matter how forgetful you are, those skills will always be your edge in trading that will always play a vital part in your trading success.

thats the essence of trading, monitoring 24/7 even when you're asleep you set alarm to look out for price, definitely mentally exhausting activity but if someone can make consistent profit out of it, it could be quite the massive profit.
but the disadvantage with trading, so much speculation involved, even expert trader definitely gonna hard time to understand what the market gonna be turning out,  sometime the market just acts randomly any analysis might be irrelevant at this point, therefore there are many mistake needs to watch out for, but even then doesn't even guarantee anything.
moreover, trading in general, might not be for everyone.

Everyone has experienced failure in the trading they do and almost everyone cannot avoid these mistakes and we must be aware of this, at least we will incur fewer losses when trading. In making speculations, we must understand the market conditions and this is not easy to do because the market conditions are fluctuating so that many speculations are made that are not in accordance with market conditions, and we also have to be able to calculate the losses we have incurred so that we can correct them so that they don't fall into disrepair. we have suffered a lot of losses and cannot trade again.

Among the list, this is the most common for me and the worst problem. Because this involves capital, which the risk management will come.
For me, having your capital always available is a must, it will make you profitable. So protect your capital at all costs, risk management is a must.

You can avoid liquidations from exchange by stop loss or stop limit order. Stop limit order is better than stop loss order because it is like double layer of cut loss for your position. Stop loss order can fail to be fill but risk of failed order will be less with stop limit order.

About exchange liquidation, it comes from peaks and bottoms or a price channel and exchange formula for liquidation. They don't care about your order and your positions when liquidated will be only one of many liquidated positions.

Hold, trade with spot or just hold, don't trade is better. I agree that leverage is risky and x3 or x5 leverage is already risky enough to avoid.

I believe, I need to take a good step in this aspect so that I will be able to invest what am capable to lose in crypto trading because trading with fear has brought a lot of losses into the activities of traders, and they are finding it difficult to eliminate those tools that is causing them losses in the market. Before you trade with any kind of huge amount of money be rest and sure that you are expecting two things in your trading either loss or profit which are two things in the market you must embrace one in your crypto trading. Now that many traders are waiting for the bullish market to appear before they can trade with what they have be storing for some months, and it will be possible for them to achieve a good income if they can trade when the bullish become mature in the market.

One of my biggest mistakes is that I trade against the trend of the market, meaning when a coin rises significantly, I buy from a point that I think is appropriate to enter and hope that the coin will continue to rise, but what happens is that the coin begins to fall after it reaches the peak.

This is a big mistake that I always repeat despite my knowledge of it because of greed, so my personal advice to traders is not to buy if you see a large rise in the price of the coin, because the rise cannot continue forever. The coin will reach a certain point and begin to decline after that.

You can agree with me that some mistakes are inevitable, especially when you're not aware of something related to occur, they comes in as a result of what we do, we can try out our best in making sure that we deal with this by taking it to the minimal level, because some may actually cost us than we expect, but when we know what we are doing, we will always ensure we avoid having any kinds due to our own carelessness in what we do.

I totally agree with this. For example, there are trades that do not go to your analysis and chart mapping. Why? As we know, the market is unpredictable. Even if we make a good trade, there's still a margin to lose. So what I mean is the sudden movement of the price, or, as we can say, movement that is caused by an unknown occurrence or, most commonly, market manipulation. As we know, big asset holders have the power to manipulate the market price as they hold a lot of coins. Their movement or engagement in the market could have an impact. I'm talking about what we called "whales." That's why don't be too well assured that you will always take a profit. Sometimes,  even if it's not your fault, losing money in trading is inevitable, so better be prepared in an industry that involves too much risk. It only matters how you cope with the shortcoming of trading.

Indeed, there are many things that we have even mastered in theory but it turns out that we still cannot master them when trading directly. One of them is going against the trend. And lately I see many traders who trade in the Future market are liquidated. Because they buck the trend. Well, they placed Short when the market was experiencing a fairly rapid increase. And finally their position was liquidated. And the liquidated amount is not a small amount but is very large by my standards. I took lessons from reading the market. And makes me always avoid trying to trade against the direction of the market trend. Because when we go against the direction, we are just speculating and hoping that the market will reverse direction according to our imagination. Even though we need references or reasons or fundamentals or technical matters to determine when the market will likely reverse direction. Impulsiveness and such are actually the problem in this case. Or many traders experience losses because they cannot eliminate their impulsive nature.

Every trader make mistakes in trading. However, even if some mistakes do not have much effect, many investors are exposed to big losses due to some others mistakes. I myself made some mistakes in the beginning of my trading life due to which I lost a lot. I think newbies usually make those kinds of mistakes. One of those mistakes is that when the market is bullish, we get impatient to invest without doing any research. After investing, when the market starts to correct, I sell again despite the loss so that i can reduce the loss. It is difficult for new traders who have such knowledge to take profit from the market. Trading market is risky so before investing one must observe deeply and always be patient without taking any decision by getting excited.

Almost all the failures of my attempts at trading were the exit point, as I calculate the profit according to the selling price and not the buying price. This is a problem that every trader faces, which is that profit is achieved when you buy at a low price and not when selling.

I can tell you that this method of trading is bad and you may understand my words, but the implementation may be completely different when you fall into this problem yourself. To reduce your losses, trading using a demo account will solve this gap.

Trading against the trend is such a silly move, trends in crypto goes very long, and it doesn't turn that quickly after just a month, when we are in bear run, it took us 2 years to get out of the bear run and start going up, and just as we started bull run right now, I am sure that it will keep on being higher and higher for at least another year, maybe two years. That's the important thing, investing right now, and going against the trend means you will sell, and that makes no sense.

I can understand the others, like checking the charts all the time is bad too, but if you do nothing about it then you should be fine and all, or failing to find entry point, as long as you get in, that's what matters. But the one thing that is very very dangerous is trend chasing, if you do not chase the trend and go against the waves, you are going to end up losing a lot of money and you should be careful about what you are doing and could be taking a useless risk.

I agree. This is why we are advised to prepare and continue doing the known things that can help combat or at least lessen the effects of those mistakes. These types of mistakes are not related on what we are doing. Can't you see that we already did the right thing earlier? If some mistakes can cost us more, there are also positive results which are more than what we expect.

So, we shouldn't feel bad because we can still recover it all. When we know what we are doing, I wouldn't say that we are care less. Yet, like we said earlier, there are still mistakes that can come to us. I think they are naturally created for a reason so we should learn to get used to it.

Whether a trading method is bad or not depends on how you utilize every opportunity given.
When you say it's bad then you can't master it well.

The application of strategies to trading will indeed look different when you just do a theory,
but it will not be much different if you understand the concept and understand how the market works.

To reduce losses, you should study harder, use a strategy that suits you, and make sure to follow the market trend well.

The solution of using a demo account as a suggestion to overcome the gap, will not work.
A demo account will only take away the emotionality of trading and will not be the same as real trading.
I have tried it and in the end, real-time trading will teach us more about how to manage emotions properly.

With a trader, protecting initial capital is most important then a little bit less important is profit. If you don't get profit from a trade, it's fine, the market will give you many opportunities to gain profit. If you can not protect your initial capital, you are done, your trading career is over when you lose all capital.

Hence it is good if any strategy works for a trader to protect capital or best gain trading profit.

Learning about technical indicators, trading strategies are good but a trader must learn about psychology of the market too. Control emotion and psychology are more important than mastering technical indicators, trading strategies. You can not use them well if you can not control yourself.

Not less importantly, but profit is the ultimate goal that can be earned or delayed to be earned due to losses.
People trade to make profits and minimize losses and the main focus is of course protecting the initial capital.

Arranging some strategies to protect the initial capital and the goal of making a profit is important.
The use of stop loss and trade management can help secure initial capital.

If we cannot maintain the initial capital that we have of course we will not be able to make a profit from the trades that we make, because it is very important to be able to know the market conditions to be able to make a profit from the trades that are made, so it would be better before making a trade that we need to use strategies in trading that we carry out in order to gain profits from these trades.
Everyone uses different strategies in the trades they make and for those who have a lot of experience it will certainly be easier for them to gain profits from the trades they make.

I agree with you, it is important for everyone who trades to be able to control themselves, lest they be greedy in the trades they make so that they miss out on the profits they have made and cannot get them back.

Yes profit is something that has always been the goal and the reason why people come in this field, but we cannot if we only focus on one thing like this profit, because obviously in terms of something that can be profitable then there will always be the possibility of equal or even greater risk.

Therefore we as traders are required to have or prepare many things before finally engaging in this activity, such as perhaps planning, management, strategy and risk management, all of which are very important and will always run when you have your trading, nothing but it will all be useful because all traders do not want if they experience losses and that is why you must have a lot of preparation especially risk management in order to minimize any chance of loss that will occur.

Trends are usually successful because many traders are able to identify them and then follow it, but if you a new trader decide to want to go against a trend, you will regret it because the people who believe in a trend are usually more than the people who believe that that trend will not work and decide to trade against it.

It is a common challenge to every new trader, that is they always want to check the charts even in uncomfortable places. Curbing the urge to check the charts is another challenge entirely on its own.

The only reason that makes me lose in trading is letting my emotions control my mind and then, out of my strategy.
I tried to work it out and so I took my break, and I know this is very common to everyone.

Trading needs focus and a high level of market understanding while skills can be learned through experience but what happens the most is that they underestimate the market volatility believing that learning the basics is good enough which is very wrong. We'd thought that we could dictate the market movement but too unfortunate that we can't, so we never have to assume that we can it okay, instead we need to work hard and spend more time learning about trading.

Mistakes are actually normal. Even a skillful and professional trader still creates mistakes in trading. But the important thing here is that once you have committed a mistake that made you lose your trades, then make sure that you learned from that mistake and that you are not going to repeat the same mistake again. Mistakes should be an eye opener for us, and from there, we should learn to be more motivated to improve our craft so as to avoid some inevitable mistakes that could lead up into losses.

I'd say controlling our emotions in trading could be the hardest part when trading. But with practice and consistent trading, we learn to overcome our strong emotions until the time comes that we can easily set aside our emotions when we are trading. That way, success becomes more visible as long as you also know how to timing your trades with the market's condition.

There are some traders who have a high winning rate with counter-trending, although you can't maximize your profit since you are trading against the trend but the probability of winning the trade is so high,1:3r is enough. Let us say the trend is uptrend, we expect that weak high will be broken, in other group of traders call it a buyside liquidity which is the idea is when the liquidity is taken you can execute a trade if you see a good setup in the market. And you shouldn't hold your trades for a long time because it's very risky since you are counter-trending. This idea is not advisable to beginners, they should always follow the trend.

In my opinion, it depends on how good is the consolidation because there traders because honestly the price will go up after the consolidation, so personally this is one of my confirmation that there are lack of volume of supply/demand and the reversal of the trend is happening soon.

Trading is something that is very risky and no matter the strategy that you use, you have the high probability of losing because it is hard to predict what happens next with bitcoin price movement. Another thing that i noticed is that the strategy that works for you might not work out for the other person.

I have used many strategy to trade but I still run at loss and that was why I decided to stop trading because of the risky involved in it. Professional traders don't make profit everyday even upon that they understand the market more. Bitcoin market is too complicated for anyone to understand it all and that is where traders make mistake at loss because they think that they have understand the market fully. Only trade with the amount that you can afford to lose.

This is a wise thing to understand when to stop, when we feel we need to stop because we lose more often than we make a profit when trading. This is realistic and logical. When we are aware and before it is too late, it is better to stop. This may be different for some people who are obsessed with trading and are still optimistic about winning the next trade. This may not only be about obsession but overconfidence. And we must avoid this, at least we can manage ourselves to know when to enter and when to exit, and when to stop or start again.

A professional trader doesn't mean that he always wins and never loses, right? indeed, but they can evaluate and can carry out various tactics at the right time so that they can minimize losses and quickly replace losses with other trading pairs. They can take advantage of every moment to take profits, but are still under control.

That's what they need to remember when trading, content creators make it look like that trading is easy and everyone can make money from it.

Regardless of the strategies that you learn, when you apply it to yourself. It doesn't guarantee anything because that's the hard part of it, you keep on running backtesting, etc.

But at the end of it, you're uncertain and most likely will get a loss. It is the reason that the best thing is to stop and start accumulating. It is one mistake that many don't recognize too early so they end up committing more mistakes.

with infleuncers they make it look easy just because they want people to get into their course or sign up using their refferal link where probably they'd profit off the people's lose since usually refferal gives certain percent of loss towards the influencers.
there's always ulterior motives in every those so called infleuncers movement, otherwise they won't waste their time making some video to make other people rich because they themselves wanna become rich out of this.
thats why sometime the influencers demonstrate how easy it is to trade, meanwhile sometime there are also some manipulation going on if they are advertising some random platform where they are given some account that could be used for demo but with rigged and modification towards the account that make them always winning, never take financial advice from strangers.

This is true, whenever I traded with amounts that I was not willing to use, I was emotional about the trade, and was constantly looking at it , and those shivers if pnl was in minus  ;D

Meanwhile,

whenever I open trade with amount I could afford to lose, those trades stay open for long. For example, just yesterday I closed my ethereum position which was open for more than 6 months.

In my opinion tradin can be profitable, provided you know how to set take profit and stop loss. I have fair share of trading experience of running into both profit and loss, whenever I have lost a trade it's purely because of my mistakes like selecting some shit coin just because it pumped or becoming too greedy and not setting stop loss. But if you trade in Bitcoin the risk of running into sudden loss is very minimal unless it's a sudden dip which happens very rarely in Bitcoin. Full time trader has their own strategy and as you mentioned even they may not achieve profit everyday but they do definitely earn profit even if it's a week long, month long hodling which we don't forecast.

It's simple that follow certain rules by creating them like percentage of risk taking, when to take profit and which coins to invest, number of traders per day. These are hygiene metrics of trading because most of us losse due to not following it

In as much as it is advisable to allow trades to run to avoid attaching emotions without often checking on it,  however, it shouldn't be applied to all the trades because there are certain conditions where the market can suddenly change direction because of a news event, and if you are monitoring the trade you can take quick action by closing in a small loss or profit, one of my mentors did tell me that I should see trading as my office or shop, that if can't leave my shop to run on its own, same is applied when it comes to trading because of the constant changing market conditions.

Yup.

They're going quickly and convincing people that's why they're making it look like trading is easy. That's the first mistake of the viewers and not the influencers.

It's because the influencers is just feeding anything to their audience and for the viewers, we need to always meticulous with the contents that are being fed to us.

If we're not verifying or curious, then we always end as the victim of these influencers where they did their job to refer or advertise. While they get money from us through that successful advertisement they just did.

This depends on the type of trader that you are. It also depends on if you use take profit or not. If you are a swing trader, you may not bother yourself looking at the chat, but if you are a scalper, you may prefer to watch the chat. If you are scalping or a day trader, and you set stop loss or take profit, you may not bother to check the chart until certain time has passed. Not watching the chart is better if you use good strategies.

OP got some good points to be honest. These do affect the results when we trade big amounts. Moreover one thing a trader should always keep in mind that, they need to set small targets and achieve it in regular basis. If you don’t set a goal and trade frequently, then definitely a point will come where you will face losses. So it’s better to be attentive, do good analysis and trade in limit in order to make the most profit out of it.

Yes that's right, in general, people think that if you enter the profession as a trader then inevitably you have to put a lot of time to pay attention to what is happening in the market through the charts that are being formed, that's good but I would not fully consider that action correct because of course as you said that it would apply if they did not use take profit and stop los which would be very useful to use when you cannot directly pay attention to market movements that are happening because there are other things you have to do.

Every trader does have their own way of looking for profits in the market, as you said swing traders and scalpers, for scalpers themselves really have to keep an eye on market movements when their trading session has started because only they can decide to make the right decision and wait until the results are answered whether it's profit or loss, but with you always in front of the screen then you can minimize the risk you take. Of course, it is true that basically for the way they use it depends on the comfort of each person, we can only hope that they will remain fine in planning and managing their trading.

Generally many traders lose money because they make the mentioned mistakes. There are many factors that need to be taken into consideration in order to be a successful trader and if these factors aren't managed well simultaneously they will cause negative results.

In general, when we examine the mistakes made by many traders we see that making transactions against the trend, constantly examining the chart movements and making wrong decisions accordingly, not analyzing the SL and TP points well, not knowing the exact expectation from the current position, choosing the right entry and exit level. We can make a list as follows: not using SL and TP, not using high leverage and making transactions based on only one or two indicators.

Finally, I would like to finish my comment by pointing out the most important mistake made by many traders. Establishing an emotional bond with a cryptocurrency or a position and controlling the position with emotions based on this bond is a serious mistake often made by many traders. Moreover, regardless of their experience level many people lose money or lose their some profit for this reason.

In summary, trading and making money in the financial markets is definitely not as easy as it seems. For this reason it is important to always be careful and pay extra attention to avoid making such common mistakes.

Learning is really the first step for us to succeed as long as what we learn and acquire is correct, because if the information we acquire is wrong, it can also put us in a bad situation here in the crypto business for sure. Like, what we sow is what we will reap.

So we as individuals must also know how to choose the right thing to study and what we want to know too. Most of them want to learn trading, so if they usually make a mistake with the platform they enter, instead of the legitimate trading platform they go to, others are stranded in different group channels on Telegram, which are often and still are used as a place by pundits to cheat. So be a little careful so that the things we do do not go to waste.

I don't think this is necessary as we are just spending and wasting our time on a thing that won't help us.
Because we probably know what is the possible outcome when trading and we certainly lose if lose control of our emotions. It is very important that we know how to manage our emotions as this is the main reason why many traders have failed. It is a big challenge for everyone but it is a must if we want to gain success and achieve our goal and it was not impossible either if we are too determined about it.

This is such a terrible way to lose money as well, it would definitely feel like you got fooled by someone. I mean influencers could end up with saying whatever they want, they could even lose their own money with the same investment, there is nothing stopping them from being wrong, and as long as they have a lot of followers, they can apologize for being wrong, some will leave, some will be mad, but there will still be a lot of followers and they will continue to make money.

With the new method at twitter, they could even make money from ads and subs too, and that will be something totally different. I believe that's a difficult situation for them because they won't lose much money, whereas they will make you lose your money.

I would like to add that psychological trading, which depends mainly on you looking for a quick profit without specifying the amount of profit, is destructive to trading. The most important thing in trading is that the profit is the moment of purchase. Make a clear plan for the profit percentage and sell as soon as you get your profits. Trying to be greedy or accumulating more money is what often makes you lose money, and there is no trading with 100% profits, but sometimes you achieve profits and sometimes losses.

I think this advice of yours is very useful for newbies and following these a trader will never face loss again. The tips you have given here are many things about trading that a newbie can have a good experience if they try. But if you follow these tips and trade and get profit then definitely good and if not then it's not worth it. Controlling Emotions is Valuable in Trading Only a person who can control his emotions can survive in the trading field. And if you don't have trading experience then you can trade well by following these tips. And if you forget all these things then surely you can face loss while trading so you should always trade by these valuable tips.

In trading we should take utmost care in every aspect. Those of us who are trading should have two types of thinking that if I trade I can gain as much as I can lose. Trading will never be self-sustaining if trading is done with only profit in mind. 

Everyone has their own trading strategies. Some follow one day trading and some follow weekly trading whoever feels comfortable with trading conducts his trading. If a newbie wants to succeed after seeing someone else succeed in his trading strategy, chances are he won't succeed there. 

Every trader should have his own trading strategy. When each of us has our own trading strategy then we can get success by trading according to that trading strategy. Patience is very important in trading, so if we claim ourselves as traders then we must be a person with enough patience.

Buying at the right time and price will give you a better profit ratio than simply entering without knowing if it's the right time or not.
And vice versa, there are profit limits that should not be violated when you have a strategy, so use the strategy.

If it is profitable and reaches the set price, then take profit, or just need to set an order at the specified sales price.
To keep the capital in good condition, use stop loss to stop losses at a certain decline, it can maintain the integrity of capital with only a small loss, if indeed the market does not go as predicted.

Trying to be greedy does have a bad impact when prices suddenly cannot be predicted.
Going beyond what has been determined and then falling at a deeper price will cause considerable loss and regret.

https://www.talkimg.com/images/2023/11/12/tqkLI.jpeg (https://www.talkimg.com/image/tqkLI)

This advise is very vital because some persons fail to understand that consolidating markets have no direction and are sometimes almost unpredictable as to how they will eventually turn out after much consolidation so it's usually much safer to avoid trading such until it's clear that the market is now moving in a certain direction.

Taking too many trades at same time could be very risky and dangerous especially when you are simultaneously taking traders on different pairs at the same time. You find it almost difficult managing all of them at the same time, it will be much safe if you do just a pair and probably have multiple entries on them and if you must do more than one pairs at a time then it shouldn't be more than three pairs so you can be able to effectively manage them.

I agree with this, and that was my biggest loss in trading several years ago, always thought the price would go up again and continued to wait for that to happen because I thought selling at a loss is stupid and it turns out that the biggest stupidity of traders is when they don't stop loss, and the strangest thing is that there is a trader who considers himself an expert but advises on his channel not to do stop losses because as long as you haven't sold it, it means you haven't made a loss, and this is the stupidest advice I've ever heard and he said that on altcoin trading.

Also, using too many indicators can complicate trading strategies. As a matter of fact,  I find it very counterproductive and it leads to confusion rather than providing clarity. Once you are doing this, it makes it challenging to interpret and act upon the information. As a trader you would then receive mixed messages, that leads to hesitation or, worse, making ill-informed decisions. This is one mistake to watch out for and avoid.

Nice advice you got there but I don't think it will be fully understand by most especially those with lack of trading experience yet.

It's better for me to see people commiting mistakes on the way as experiencing it will give them the real feeling of being under that mistake. Since they don't want to repeat the same mistake over and over again, these people will do their best to avoid it or minimize the chances of commiting the same mistake.

There's no perfect trader. Mistakes happened even for those long time trader and knowledgeable ones. No one can fully deal with the crypto market volatility.  As long as these traders learn from their mistakes and trying everything to minimize it from happening again, then they are all good.

Sometimes, using stop loss is crucial in order to help you cut your losses and to help you avoid making emotional decisions that would definitely put your trades into a negative loss. Once you resort into stop loss, it does not mean that you are actually at the losing end, but its definitely a big step to free yourself from big losses that might happen while you are in the process of continuous trading.

By being greedy, you certainly think that the price will keep on growing that's why you decide not to sell. However, if you don't act upon seeing your trades are not doing good anymore, then you could experience more losing if you don't decide to sell at a stop loss. Using stop loss is not actually accepting that you are already losing your trades, but its the best option that could help you out from the big losses that you would encounter later on.

Learning will be our investment as traders here in the crypto business. It will help a lot if we have enough and deep knowledge of crypto or bitcoin. Because if you know and have it, you will not be fooled or led astray by anyone who tries to stalk you.

If the people who have extensive knowledge here make mistakes even though we are experts who still lack knowledge, it is even more so that we are prone to becoming victims of exploitative people.

A stop loss is a form of insurance, so even if the position you opened made you to lose some money, those losses will be limited, so the next time you open a new position then you will not be hindered by the losses you incurred on your previous trades.

Still a great deal of traders do not really understand why a stop loss can be a very useful tool and refuse to use it, and unfortunately there is no way for them to learn, other than the hard way, about the usefulness of a stop loss.

Having sufficient knowledge in investing in crypto is very necessary, because without having sufficient knowledge we will not be able to invest in crypto and if we start investing in crypto without having the knowledge we will definitely experience losses from the investment we make.

In my opinion, those who still have a little knowledge about crypto must be able to learn it well and after having this understanding they can invest in crypto, don't just listen to a little understanding from people who immediately try to invest in crypto, of course this will result in losses in investment what we do.

Obviously, you were totally deceived by this ineffective trader that claims to be expert on his own. Using stop loss is actually more advisable especially if you are trap in the middle of your trading and you have no other choice but to sell just to cut your losses. Yes, you might lose from your trades but know that it's way of preventing yourself from losing a lot.

However, it's not bad to keep on hodling on your coin and decide not to sell because you believed that bitcoin price will continue to surge high. But that's not how bitcoin works. Since it's highly volatile, it's price is more capable to move up and down and sometimes do the sideways. That's the reality about bitcoin. If you can't drive with its volatility, expect that you will really get a hard time on making your trades profitable.

Once you do surf on the internet then you shouldn't trust no one, despite on having those kind of titles like being that a profitable or known trader on which we know that the market cant really be that possibly be that predictable and with that alone then you could really be able to tell on whose the one is really that making those obvious false claims on trying out to boast out that they are profitable or having that
good winning percentage because if they do then they wont really be bothering themselves on asking people to follow them on the first place. Mistakes are something inevitable once you do touch up trading or
crypto investment. You would really be able to eventually be able to experience those common scenarions and common possible outcomes or results.

Once you do gain up that experience then it would really be something that makes you more better compared when you are just starting. We know that experience is the best teacher so as with those
mistakes that you have encountered on which it would really be molding you into much better trader/investor. It is really that impossible that you cant really be able
to make out thosek kind of realizations.

We all trade with utmost caution in trading but sometimes due to some simple mistakes we face huge losses in trading. My point is that no mistake can be made in trading because if you make a mistake in trading, the effect of that mistake will directly affect a trader's money. Before doing every work we have to think first. After working, if we think that it is not right to make such a decision in our trading or it would be better to adopt different strategies here, it cannot be done. There is no point in regretting after trading but if our thoughts are deep then we should take the right decision in trading even if it is late. Many times due to the instability of the market we are in a hurry and due to the haste we take many wrong decisions, in the case of trading we can never be in too much of a hurry but we have to be patient and take decisions with a cool head so that we do not make mistakes.

Learning is very necessary in crypto investment because without knowledge we will be confused and even tend to make mistakes. Apart from that, maintaining psychology is also important because this is one of the determining factors in a trader's profitability so that we can control our emotions in trading. That way we know how to overcome fear when making decisions, how to overcome FOMO, overcome trauma, overcome greed, and learn to manage money management trading.

Yes actually I think you or they can do it themselves without involving some references from other people is suspicious and unreasonable, of course with this then you can know that the role of stop los is very important in your investment involvement, none other than because this is the only thing that can prevent you from experiencing a significant amount of loss in certain conditions.

Of course they or we will only be able to do that when we have full confidence in the planning and also the potential that exists in bitcoin itself, and also several other factors will greatly affect this condition, for the initial stage yes you can just plan to firmly hold the number of coins you have, but know that there will definitely be some conditions that force you to sell them, not only because of the opportunity for haunting losses but also other things such as for example you need emergency funds for your living needs, or for example one of your family is sick and you need money for treatment but there is no other budget left except to sell the coins you have as the only way out in that condition. Therefore, every investor is advised to keep using a cold budget to be allocated to their accumulation so that you can stay calm, and also you must have other savings to minimize if something like what I have said happens so as not to interfere with your bitcoin accumulation. So basically even though bitcoin looks very promising and tempting in terms of its potential as you said but there will still be some conditions that are enough to make you confused and force you to sell it, and above I have suggested some effective ways to minimize it.

I agree with you that trading is risky but unfortunately I disagree that using strategy isn't important and there is a risk of losing money under any circumstances. By creating certain strategies in trading, it can be controlled correctly, profits can be made and the amount of possible losses can be minimized. Of course, a strategy used by someone else may be a successful method for that person and not for another but everyone can ensure proper risk management by creating their own strategy.

I also trade using some strategies and sometimes I can take a break from trading because I have a lot of losses. With the strategies I use, I can make good profits in some periods and minimize my possible losses. Not only professionals but also amateur traders cannot make money every day and certainly the strategy set by one person cannot help achieve similar results forever. For this reason, it is very important for everyone to create an ideal strategy for themselves and as you mentioned to trade with an amount of capital that they can afford in case of loss in trading.

If one is not familiar with the knowledge about trading and investment then I think he should not trade or invest because the little sum which he has will also loss due to less or no education. Trading is not about buying and selling coins like everyone says but it also about to know the actual price and actual timing to do trade.

Not only in trading but in every job you should be mentally prepared because your mental health can play a vital role to overcome risk and take a beneficial decision. Emotions are truly an opposer for your success therefore try to not sell and buy coins when you are angry, Impatience or in doubt of what to do. If you are in doubt about taking forward step then remember that don't sell when you have loss and don't wait more when you have profit.

Strategies are still the most important thing in trading, not even in trading but when we start some other business in our life we have to make some strategies for it before the start and after we fail to do so in one strategy then we should think again on another one and then apply it sometimes using the same resources or sometimes we have to change it.

In trading it is also necessary as well, we can't say that trading can only happen by learning, as I can give you an example in school we also learn something and keep that in mind but when we come to practical life we can apply that learning using different strategies, without that we can't make our learning valuable, it should be only done when we apply them in trading as well.

This will tell us how important not to rush in trading but to have time to know more about the market sentiment and be able to understand the situation. Yes, I could agree that trading against the trend will end up losing. Therefore,  we have to analyze the market pretty well and with the help of many trading tools and updates on the current trend, we have the chance to put our buy/sell almost right.
Knowledge and skill are very important in trading and only those who have the capability to understand how the market moves only survive.

It's a fact that a lot of people ignore. No one, literally no one, can always time the market perfectly and have a perfect score when it comes to the percentage of success of their trades and even the most expert traders will make mistakes in their journey and it's normal when you are dealing with an extremely volatile and unpredictable market like the cryptocurrency market and you are right that as long as one learns something from their mistakes, such mistakes don't go wasted.

The biggest mistake newbies make is that they make one mistake, and then stop trying instead of learning from their mistake and trying to improve and do better in the craft. When it comes to trading, a lot of people stop trading right after they incur a loss at the initial stage because they feel they will lose more if they try more.

Yet another common mistake newbies make is that they do not make an attempt to reduce the impact such mistakes have on their capital, trading is one of those activities in which even if you read hundreds of books about it you still need practice in order to master it.

And during that process everyone makes mistakes, however if you make a mistake in which you only lose 1% of your capital then you can easily recover from it, but if the mistake that you made claims half of your capital then there is almost no way to recover from that, as such a heavy loss will most likely cause a newbie trader to make even more mistakes down the line.

i agree with you sir, i feel same thing when i was newbie traders, i started my trading with 100$ initial fund,
i lost all in the few days for my wrong strategy, then i was confused and panic if lose again and i stopped my trading for a month,
then i am again motivated of my some friends, and a lot practicing in the demo trading, i learned then continued it till now.

If a person is new to trading, he should not try future trading. Most novice traders are tempted to follow other traders in future trading. They think future trading is the same as spot trading but it is different.

If they are not careful and do not have sufficient skills to analyze the market, they will have difficulty and will panic when the market changes too quickly. Another problem with trading is that someone can become greedy and want bigger profits. He will not want to close his trade because he thinks the market will still move in the direction he wants.

One more thing that @OP should add is only to use money you can afford to trade. Most traders still use all-in to trade because they hear the news circulating. They think that market conditions will change soon so they can enter and make huge profits by going all-in.

Perhaps, they should know first the consequences of trading without sufficient knowledge. Sadly, with the influence of social media influencers pretending experts in trading, most newbies fall into traps.

We all come from newbies but this time with so many tutorials and advice, it was easy for newcomers to learn which will make them not totally newbies when they start trading. But what it makes difficult for them is to adapt to the situation and understand the behavior of the market. And most of all, the struggle to handle their emotions when crisis comes.

Not most or the majority of traders, but only novice traders who do not understand how to do good management and do not fully understand about crypto trading.

They are only dominated by the desire to win and end up being too greedy.
They keep putting money in and always buy, but when the highest target is reached, they don't sell it and hold it because they hope to get more profit.
This would be a perfect trap because they would panic when the price kept falling and eventually sell at a price below the first purchase and only get a loss.

or you can try the multiples theory, if the prediction you choose is wrong, you open a position opposite to the entry 2 times the previous one.
Of course this has risks, but the chance is the same, 50:50.

I think this is more or less FOMO type of trading. One does this when they think if price has gone up then it may go up more so I must go and invest now so that if price goes even up then we might profit. But that's not how it works. To be honest if prices has risen for coins then they are already in the risk zone. There is nothing logical in investing coins that are hot already.

Peeps shall start buying coins when they are already inbred zone. Somehow it's uncontrolled purchases that are done during such FOMO period.

I couldn't agree more with your first point. There had been a few times where I cowered and got scared of the situation that I cashed out too early. I guess it's just something that's in my nature but holy hell does it suck to always be wrong in my predictions. This coming bull run, I'm making it a point to keep at my spot trading/futures position according to my analysis and predictions, would trust myself more this time cause I feel like I do have a knack for trading, it's just that even I don't trust my predictions and inferences even though they are pretty much based on factors that are real.

Thanks for this post, much of an eye opener even for the peeps here who've been in this industry for literal years now.

We need to admit that sometimes the volatility that exists in this market is simply too much, and even experimented traders will find themselves doubting themselves if the market crashed unexpectedly and they were losing money at a rate they did not expect.

So as way to reduce that anxiety you could reduce the size of the positions that you open, as in this way even if the volatility was high, your losses will not be as significant as before and it will be easier for you to hold your coins.

That one chance is what many traders don't want to miss opportunity with, we are trying to by all means avoid any chances of making a mistake while this alone could resulted to one if what we planned did not work out as expected, we all try to trade and avoid the risk but sometimes this must be included because the more we wanted it right the more the risk in demand towards it, these are some of the challenges traders fall under.

I definitely agree with this.

And when your prediction even with technical analysis went wrong because the market is not on your favor, irritation, and being frustrated will give you so much error in your next trades. This is where you're going to chase your losses, which is very dangerous, since you'll think that there's no need for technical analysis anymore because either way, you still going to lose your trade, therefore you just randomly make a trade and rely on your luck.

And the ending will always a big disaster for you funds.

Most likely, those who put all-in to trade are definitely those who have no or less experience in trading as they're not fully aware on its consequences, but only focus on the thought that the more capital they will risk, the higher the chances to make huge profits regardless of their limited exposure in the trading market. That is most common on the beginner's point of views, the reason why novice traders often lose than win.

However, as they consistently trade and end up losing, they slowly realized that trading all-in do not fit in trading, or if ever if it works, only those professional traders are able to succeed on it and not those newbies in the market.

Excellent point. The size of your trades is significant because if you are trading with an amount too small, you might lose interest and not care about the result. If you are trading with an amount too big to risk for you, then you are going to be driven by emotions and not the analysis.

Finding what's the right amount to trade is extremely important.

Similarly, what capital you are trading with also matters because again, too big a capital will make your nervous for the smallest movements and you are likely not able to apply the strategies you planned.

When people join the crypto world or in trading, they make things too much need to concern and overthink too much reason their trades get ruined, better to take a risk on the things you think base on your guts and knowledge if have a good chance of winning if you doubt don't take it sometimes emotions are the reason why get too much carried out with the decisions. Based on my experience trading in make a trade you watch and don't get too carried away with people's decisions sometimes its looks like a manipulation only. At first, you are the one who makes the trade, decision, TA and analyzes it you take a lot of effort right there if you don't keep trusting your self I guess your not too formed to be a trader.

Continuously trading until in the end they experience a lot of losses because they do not have good management.
It should be that when there is a win when trading, there is a division of trading funds, so that not all funds are used, there are backups that will help repurchase.

Trading with the all-in method is a risky trade, let alone not having any strategy.
If they are lucky, of course they can benefit, but most who do the practice are beginners and in the end have to experience losses.
This is not just a matter of capital, but a matter of trading psychology as well.

Professional traders will also experience losses and will not always succeed in trading.
They also calculate the ratio of winning and losing percentages.
No perfect trader is always profitable.

Monitoring must be done in trading, but there are many types of traders who have their own methods, there are traders who are successful by placing pending orders after analyzing, and don't forget to place targets and stop losses, the rest they just need to monitor market movements once in a while and can carry out other activities. Of course, this will happen between making a profit or hitting the stop loss, and we can use the final result as material for correction

I blew several accounts during my early beginning in trading because of this,  FOMO in when the markets has already gone up without waiting and the worst of it is that the market usually pulls back to that point I initially set my entry. This is an issue most traders face and not basically that they are novice traders even some experience traders do this and this is because of emotion and high uncertainty in the market that at some point we don't want to miss out on some trades.

I noticed something from looking at some of the signals sent by experienced traders, they were usually pending orders to execute a trade at a particular point. Is this what you mean by letting the market come to you? and entry point proficiency, because I can agree that pending orders can actually help a trader against loss when an unsure analysis is depended on.

Another mistake that traders should watch out for is setting their range for support & resistance too far away from the current trading price.

This is a mistake that can happen to anyone, since even if experimented traders see that the coin in which they want to invest is moving upwards just because of the hype surrounding it and FOMO, they believe they can exit their position early and obtain some small profits with ease.

But if the market moves immediately in the opposite direction you will encounter a very difficult situation, which is to sell immediately for a loss or to hold hoping for a reversal, and in those circumstances it is very easy to think that a reversal is coming, but the best move is simply to admit we made a mistake and close our position for a small loss, because if we keep holding and the coin crashes then the losses will be too much for us to bear.

Yeah, entry and exit points are crucial for trading. I usually short when the market has sunk and long when the price is just continuously pumping because at some point, it will get corrected at least by a small margin.

I am still working on a few things:

1- Trying not to buy memecoins because as lucrative as they are, I haven't had any great experience yet.

2- Smaller profits are better than an emotional loss. Like if I miss out on a $100 profit and it moves down, I am likely to hold for too long and might end up in a loss. So I am building the mentality to accept $50 profit and move on.

3- Not every time I have to trade and this has been an issue for a long time.

We will be better and better as we continue trading and correct all the mistakes that we made. This is the reason why experience is the best teacher and we believe that committing mistakes is normal yet this will provide us with more ideas on how to manage our emotions in crucial situations and can solve them on time. We also find out that greediness is a huge factor in why many traders fail. Indeed, earning a small profit every day is more preferred than just earning one time weekly.

That's also what's sad because, often, since the social media platform is a trend, most crypto influencers are also deceivers. Sometimes I don't understand them all, but most of them are really just for the views.

The others also pretend to be experts who know a lot about cryptocurrency, but if you know something and you listen, there are also many mistakes in what is said in the video content that they also do, so the result is that the newbies who know nothing about cryptocurrency are misled or deceived. So it's still a good idea to do your own cryptocurrency studies. This is exactly what those planning to enter the crypto space should do.

Indeed. Some of my friends have no prior knowledge about trading let alone crypto-trading but they are making good money just based on their instinctive decisions. One of my friends actually bought Solana when it was less than $3 and it was neither technical analysis nor fundamental but he just went through with his instincts and bought a chunk!

It really varies for everyone and you have to find out what works best for you because doing something because it works for someone else won't necessarily wok for you always.

I think the follower number and the influence they have over people makes them earn more money than what they could in any other way. I think that's a very big shame because the same amount of work could make you a great trader that could make a lot of profit as well. Lets assume that I start today, if I work really hard maybe I can have like 100k followers in a year right?

I mean I probably can't, but I think that's a good example, then I make money from those 100k people slowly and hope that I will not be found out as a fake, whereas if I start today and work for a whole year to learn about trading, I would be able to trade and make money forever, literally until I die, and would not need anything to worry about neither. Influencers worry about everything, like if social media goes down, if their account gets blocked, if they do this or that, constantly living in fear and that's an issue. Whereas, if we are talking about a great trader, he could make money with anything.

Reaching out into a point that you are already making a living with trading then it would really be a huge plus or advantage on which this is a skill that cant really be taken away from you and as long there's a market that you can trade on then there's no way that you couldnt really be able to make some money.It is really just that not all would really be that be able to reach out this kind of situation where trading is something that could be considered to be their main income but pretty much sure that there are people or traders who do really make this thing and sustain out because of the skills that they do have.

Somewhat even if the skills could be permanent but we should really be not trying out to avoid nor neglect about the risks involved. This doesnt always talk about making money but rather there are times
which the market is really that too bitter for sometimes on which it would really be causing up that losses too. This is why its never been that good on making yourself that too confident that you could do almost everything.
Trading is a skill that wont really be able to learn up on a few days or weeks but rather it would be taking for lots of years because you could be able to have a good grasps with it.

1. It's so easy to talk about "buying and selling trend", but it is really hard to execute. What if you sold during the "selling trend", but later you realize that the price is going up more? You lose your profit and you will be hesitating when buying. The market is unpredictable, don't forget that.

2. I thought traders had to always keep themselves updated with the market and the charts? If emotions are going to affect your trades, then you should work on your emotions.

3. You are telling traders to follow the trend, and then you are saying them not to focus too much on the technical indicators. Aren't those indicators one of the way to know the trend? So this means you are contradicting yourself here.

4. Not sure what you mean to always calculate your loss before calculating your profit. If you are at profit, how can you be at loss?

how can you be calm, some traders may panic and lose again.
My mistake was when I took short and then the price went up and at that time I closed my short position, then I went long and after that the market reversed down.
I really hate being in that position and usually I will spend the capital I brought that day because my mind is carried away by emotions, where I should stop for a moment.

We all make mistakes, and there are numerous trades I've missed out on simply because I was too desperate to accumulate profits and lost the main entry that would have boosted my portfolio. I was opportune to be among the top whales but I ruined my chances due to the mistakes I made earlier on. Dominant in one position doesn't points out any symbol of growth or development, rather its stoods to point to break down in strategy. We're never confident of the market and it's possible outcome. The best trading option is simply to relax and waits for market to come to you and not the other way round.

We know that mistakes can occur at any point in time and I believe that for we to make a mistake maybe we are not informed properly and it's one of the things that causes a mistake occurrence, in a normal circumstances a mistakes is quite real but when we are not informed many people will think that it's something that have to deal with without consciousness, I like your point very well, when you know what you are doing you will not be making a continuous mistakes