Bitcoin Forum

Hi Amigos

Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.

Mistake #2:
Avoid overtrading at all costs.
Just because you’ve exited a trade—whether it was profitable or not—doesn’t mean you should immediately jump into another one. Sometimes not trading at all is a win in itself.
Excessive trading increases your chances of losses and drains your focus and patience.

Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!

that's my 3 mistakes , What's yours ?

Well, I guess this is one of my mistakes.

I’m talking about altcoins I bought during the 2017 bull run. Back then, I thought the project I was holding had legit potential. But after years of holding, the price is now practically worthless. Turns out, I ended up with a classic case of buying a shitcoin.

So, here’s a question - do you know right away when a coin is a shitcoin, or is it something you realize only after time and experience?

Every memecoin is a shitcoin mate. If I buy a shitcoin like meme coin, Id already expected my money gone, but I hold them off cause a chance to hit a gem could be there once hype. Thats why I am just buying low price amount for that matter so even it got died at least my loss is minimal. But in anycase it goy hype, youll definitely reap a good money.

Personally, I believe that aside from Bitcoin and Ethereum, every other coin is a shitcoin.
Of course, there are promising coins with solid projects, but in general:

Always try to focus your trading on the Top 30 coins.
Most of them have high liquidity and are backed by strong projects. You can find their rankings on platforms like CoinMarketCap.

Alternatively, dive into fundamental analysis.
Research and identify high-potential projects that are still in their early stages for long-term investment opportunities. The key is to choose wisely and stay informed!

This is very important. You can be a very good trader, but if you are trading than normal, it will affect your health and also you may later lose all the money that you have won. If you are winning in trading, set a goal. If you reach that goal, stop trading for the day. It can be $10 profit in a day and do not trade if you have won that.

Another problem of traders is that they use too much leverage. This makes them lose always as their money get liquidated often.

I can see clearly that your post is influenced by my post; 2024: My Mistakes and Learnings. What are yours? (https://bitcointalk.org/index.php?topic=5524907.msg64905906#msg64905906). It is good that we are learning from each other ;D. If I may suggest you include some links/ss to make it more sincere and personalized which is a big factor for relatability.  
It is always good to do self-reflection and ask wise members of your field to comment. Regarding short-term trading, you will surely find my post A Death Knell to Short-term/Intra-day Traders (https://bitcointalk.org/index.php?topic=5523670.msg64870416#msg64870416) quite helpful. Please follow the entire discussion (5 posts afterward) and you will see some important stuff regarding short-term trading.

Exactly mate! it's all about selfcontroll/Focusing/patience
and i agree on leverage thing.. that's why i only use spot

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Hello, my friend! 🌟

I hadn’t seen your post before, but I just read it, and it’s fascinating! I particularly loved mistake number two, which emphasizes that knowledge is more important than money—a profound truth, especially since money comes and goes. 💡💰

As for the 1BTC idea, I must say it’s intriguing. However, I stand firmly against gambling—it’s just not my thing. 🤔 Instead, I believe working as a freelancer and earning money through hard work would be a much smarter move.

And maybe, just maybe, the 1ETH idea would be a more rational choice, especially now that Bitcoin has already skyrocketed. 🚀✨

anyways thanks for ur advices & Good luck mate.

[moderator's note: consecutive posts merged]

I’ve been through that too and made some of those mistakes myself. One of the things that stood out for me was falling for FOMO. Early in my trading journey I would chase coins that were pumping because of the hype only to buy near the top and then watch the price crash. It taught me to always have a strategy and stick to it instead of acting impulsively. Because of those mistakes I eventually learned to stick to spot trading like you and I made it a priority to deeply study a project before diving in.

The first point I agree that there are many examples of shitcoin cases that have been removed from the exchange. So it is better to target the top 10-50 on CMC to do futures trading.

The second point must always follow the established trading discipline rules. For example, you have set 10% and you are not allowed to make another entry just because after being sold the price has increased again. Such temptations can be a trap for traders who have no principles.

While the third point buying new coins is not always bad, as long as you enter at the lowest point during the correction. If you buy directly when the price is rallying, it is certainly not recommended.

Is to hold altcoin for Long term with the mindset to hit about 1-10$ per coin has completely made me lose my precious money. And of course you mentioned something similar as well. We should focused on established coin such as bitcoin or the top 10 coin to hold even if you were trading and you didn't close your market with other coin you wouldn't have that fear to completely have a dump over you if you don't set SL and TP. Trading on established coins gives you that confidence of what you are doing than that which you aren't sure of them especially when they newly listed to exchange as you made mentioned is very tempting and vulnerable for traders and investors.

If you want to make money in the long run, simply don’t trade. Buy and hodl bitcoin. That’s the biggest cheat you can do against the exchanges. By hodling btc, you simply become the house/exchange. You control your own keys, own funds, and nobody can take it from you.

You think you can make more money from trading but little you know it s a huge noob trap you are getting yourself into.

DCA and HODL and in 5 years, you’ll make more money than you will ever make from trading.

#Mistake 1--
On the time that you do jump in into this crypto space then make it sure that you are that wary about those price dumps and crashes specially on shitcoins or meme coins.
I can consider this to be a gamble on which there will really be that a time that you will be ending up on holding dead coins into your wallet.  ;D

#Mistake 2--
This is something which is really that hard to control on which this will really be basing up into someones mindset and discipline on which once that greed and desperation kicks in or simply that talks or implies about emotional aspect, then it will really be just that too hard to consider it out. So it will really be just that up to you on how you would gonna deal up with these things itself.

#Mistake 3--
Newly listed? Find for correction on which this will really be the sweetest spot to take in and not on the 1 or 2 candles at the moment that it get listed. Just like on what you have said that you are really that finding yourself on getting huge negative into your port on this case.

Add..

#Mistake 4--
Lack of management whether on time or money, if you do lack this kind of sentiment then you are just basically that doing gambling. Its normal that we might be having some lapses but on the moment that you've been tolerating or having no progress then it will really be that better ot simply quit up and stop on what you are doing before anything will really be that happening. So its better not to put up yourself into desperate condition because it will really be causing up even more loses on this case.

This isn't something that for me considered as "automatic" already because we know how risky these shitcoins are. Unfortunately, there are some who are choosing to hold the coins that they bought because of the hope that at some point, it will go up again and they will end up in profit still. In trading in general, you should always put a stop loss whether you're trading Bitcoin, Ethereum, or shitcoins. This is one of my mistakes in the past and if I don't look at my monitor for a while, I always put a stop loss.

One of my biggest mistakes last year when I started trading. There are times where I make 10 trades per day, and it really drains your energy not physically, but mentally. This year. I will make it a habit that I will make only at most 3-5 trades despite on whether I win or lose on my trades. I will also take note that I will learn in every trade that I will make because I believe that "every candlestick" has a sign on whether it's a bullish or bearish.

I've seen some traders that are making short positions on newly listed coins that has been listed on futures as well, and it works pretty well with them because as soon as the token gets listed, many will sell their tokens hence, putting the price down and it will be a profit for those who went short. Still, don't touch those newly listed coins like what OP said if you're a newbie, or they will dump in your face. :D

this is the mistake that I did frequently, too lazy finding out the ins and outs of the coin, resulting in me buying these coin where there's still airdrop allocation or team allocation unlock on the way, as a result, easy -30% ;D. learned the hard way now I never trade new coin.

4th mistake is also thinking a coin can go back to its ATH when in bullrun, because that doesn't seem to be the case, plenty of alts out there just dumping forever after reaching ATH never go back up, even in bullrun it goes up a little bit then go down again.

best coin for trade I think, still BTC, ETH, and SOL. the other are just mainly full of speculation.

Typically, Exchange like Binance usually have a warning message or a quiz in able for newbie to understand what’s the risk they are taking for trading high volatile assets.

Newly listed token is not bad in general to be purchased. It depends on the type of their listing whether they are newly listed on the specific exchange that you are using while it was traded already for a long time from different exchange which means you are buying not a real new token rather just the literal newly listed token.

On contrary there’s newly listed token that is profitable or good buy like the L1 and L2 projects that listed on all major exchange at the same time.

The mistakes are:
Buy the coin when the price is already increase because you never know when the dump comes. If that happen, you will lose your money and needs to wait for some time to see the price reach more than your buy price.

Be greedy to take your profit especially when the market is difficult to predict. That can make you lose the chance to sell your coins at a high price.

Always tempting with others saying buy this coins because this coin is going to explode. You need to research to find the right coins.

Many other mistakes that we always make but if you cannot learn from that mistake, that will only happen over and over.

It's not easy to know which project is solid and of high potential to last long in the market. This is because there are many shitcoins out there that if you are not lucky, you will be rugged pull and run at loss. This is why you should only invest with an amount that you can afford to lose because you are gambling. It's only if you have an insider that you can know better about the project.

@OP, if those are your mistakes, I hope you have learned from it because the reason why some traders are not yet profitable is because of the number 1 and 2 of those your mistakes which most of them are making. I was also affected by those two issues and I was actually making profit while I was trading some altcoins but that same altcoin that gave me a huge profit also got me liquidated. Over trading is like riding a bicycle without a brake and without control and that bicycle can only make you to crash. So, those are mistakes that a trader should learn to avoid.

All of this you mentioned are all very valid, most especially the number one mistake you mentioned you one that a alot of traders make and or have made in the past, including my very self.
It's very tempting to hold a position in an Altcoin for a very long time if the price of the Altcoin is not going in the expected direction after the position has been opened, this happens with Altcoins where it is believed that it has a lot of good potentials, but unfortunately, just as you have said, decision to hold such Altcoins most of the time ends to be a big mistake, and some time, the Altcoin will start going the expected direction direction immediately the trader has closed his position and taken the loss.
It's a very good advise to trade Altcoins, most especially the not so popular ones, on short terms only.

That's great but it is only sad that at the end, some newbies can still proceed even though they are not really qualified yet. They must be lucky now because I remember on our time before, there is no such thing as that (quiz) before we use the platform.

Indeed. The problem is not about if the token is newly or old listed but it is about the experience of the trader that matters the most. If they are well-experienced, they can always utilize any types of tokens. I think the type of listing the OP is referring to, is the fresh one or when the token have just went from their presale because it is already obvious that an older token may not really be shady upon our observation or due to their past performances. There are still fresh tokens that are legit and has a solid perspective but as a typical newbie, they might miss this if they will only rush.

Fixed that for you.

If one is successful in figuring out the coin as shit coin then why going for it. There is huge list of coins that we can see on coinmarektcap, apart from Ethereum there is no coin that is able to retain it's position among top coins listed there. The list gets updated with time and till date there is sole leader in the market i.e. Bitcoin. I never went for anything other then Bitcoin (you may call me a dumb for that) and so far I have got good results. I guess if I can get good results by investing in Bitcoin alone then others can also.

It is the majority's problem about getting into shitcoins which mostly are with meme coins. They think that with their dollar, they'd earn millions from it. And that's why they keep on trying to hit those memecoins that they think they'll be able to make it. A huge mistake when someone spends a lot of money on it and gets nothing and encouraged to do that because of some influencers or twitter posts said that this guy earned xxxx money investing on a memecoin. LOL

Of course, it is better to learn from the mistakes of others, because this does not lead to the liquidation of our deposit. But in trading, as in any business area, one of the most important things is to analyze your own mistakes. And if you don't learn from such mistakes, you will continue to make them.

There is a way you can win if you find yourself in this corner by early jumping in a newly listed coins, the best strategy is still buy more quantity at every dip, never get tired of purchasing more even if the market is against you, it does not means you'v lost your asset totally.

The coins can start spiking upwards after a period of 3-4 months from it's dip if you are patient enough to wait, it worth doing that especially on the coins listed on top centralized exchange for your good because you hardly projects the team dumps on the token on top leading crypto exchange.

Because you can relatively trade anytime you wish to in crypto trading unlike in Forex where the market goes on the breaks during the weekend, there are many crypto traders who are easily drawn into trading at every opportunity that they have and see, and they become victims to over trading. Crypto traders should adopt the method of not trading at every opportunity they get even though the market will permit it, this is so that they can preserve their mental health and keep their mind always fresh for when they need to make a new analysis of the market before joining a trade. A trader who has over traded will have a clouded mind.

I don't agree here. Even how shitcoins pairs you will trade for me is fine as long as the trading volume, market cap, and any other things that you are considering are fine.
Take note you can short trade or long trade even shitcoins as long it is available in the exchange you are using. As long as you found a good entry and based on your analysis, that your go entry to open a position is already good, target profit price nad stop losses are always a MUST!

Trading volume is very important because with high trading volume, you can easily enter and exit your position quickly and without big impact on market price. To be safe in trading, using stop loss order, that is one of best weapons in trading (https://bitcointalk.org/index.php?topic=5173189.0) is very important. Because stop loss order helps to exit the market shortly before a market crash or early phase of the market crash, and this action executed automatically helps you to reduce your loss, and defend your trading capital.

It's your own money so it's not easily do like burning your money.

You have to learn first, and experience it by yourself but with your prepared learning, you can avoid most of common mistakes, and reduce your loss. You will get loss, everyone get it, and can learn with your loss, but don't get your loss too big like 90%, 99% of your capital, you will be broken.

Overtrading is a mistake often made by traders who do not have a proper trading plan. They tend to trade by relying on their hearts alone, not thinking about how their trading plan is, so what happens is that they make trading decisions that exceed their own capabilities - due to lack of discipline and not understanding the risks of trading. This situation can result in losses in both the short and long term to traders, because they do not understand their financial capabilities, and do not focus on the plan. Setting a trading plan and being disciplined not to take actions beyond their financial capabilities is something that traders need to do to avoid overtrading.

If you are so skillful in trading (taking notes, good entry, target profit, stop loss etc.) you will never trade shitcoins. Not to mention that short term trading is doomed any way (-ve game). I mean, why take so much risk and daily stress when you can just sit and relax watching your investment grow in BTC. This is specially true in today's scenario when the whole world is going pro-BTC.
Well if you think you can multiply your short budget into something big, and then you will invest in BTC, sorry to say, but it is a 3 Michelin star recipe for disaster. You will be far better off saving regularly short amounts and investing it in BTC.

Due to extreme greed on which it will really be making out that overtrading and this is really that indeed a very common mistake for most traders on which this is something that you do really look upon or trying to correct because on the moment that you will be doing this then it will really be that resulting into overtrade and if you do have set out some plans that made out earlier then having that kind of emotion that makes you impulsive then you will really be that losing yourself when it comes into the path that you are taking. So it will be that wise that you do really stick into your plans but since are just humans then we are really that prone into those mistakes that we might be able to encounter. This is that important that self control and discipline will really be that relevant.

Mistakes wont really be just that limiting out on 3 but there are even more on which this will really be that involvement on emotional aspect and thats why its really that important that you do really know on what you are indeed doing. You cant just that make yourself be limiting out with those and its true that those things above mentioned on OP are really that a common mistake on what are traders that been doing. On the time that you do gain up that experience then you will be gradually lessening out the risks that you are really that getting involved with. So it will be that just depending on you on how you would be able to adjust.

Actually it's easy to get around that, you just add Bitcoin to your portfolio and I think this is the right place and time if you want to change the game. Many people lose if they continue to observe market movements and you will be faced with various challenges such as fear of missing out on emotions and others.

Indeed, although there are many other options, BTC is most dominantly held by many large and institutional traders even though price movements often occur and often change and we can buy it on the open market. just choose whether DCA or buy at once, the important thing is to hold it until the time. Very easy.

This is a common mistake made by newcomers and many of us even try to defy logic and buy newly listed coins on exchanges with much greater liquidity risks. To see the potential in a new coin may require in-depth analysis so that we don’t get caught up in lies that may be intentionally created and may require the ability to see whether the coin will move forward or die in the market.

If you want to get involved in altcoins, you should look for those that have the potential to be in the top 10 or 20 so that there is potential to generate profits and most importantly we must have the knowledge to assess the potential of the coin to grow.

The points you mentioned are quite reasonable and serious.  Because of these things I lost a lot of time which I now regret.

My focus was on the newly listed coins as those coins are very volatile and I wanted to take advantage of both spot and futures as there was a chance to make a quick profit. But I used to lose there regularly. Trading newly listed coins and gambling is almost the same ha ha I understand it very well now after huge loss

Learned the hard way, I've accumulated a decent bunch of altcoins through Binance's launchpool project. Most were sold within the next few days or hours after they were open for trading, or at the first "bull" market period. Sometimes though, I held coins that I didn't have the chance to sell, or didn't bother at the time, some of them are now 1/3 of their price and it seems that I'm stuck with them. I don't have much to lose at this point, so I'm holding them in hopes they see some kind of recovery.
That's up to you, newly listed coins are a gamble, and sometimes it works out. I bought a few dollars worth of PEPE during the first few days or weeks of it being introduced, and the $3-4 I spent quickly skyrocketted, I wish I had spent more. Sometimes risking a minor amount of money on such coins can be extremely rewarding, although it's doesn't always go your way.

Most newbies can't really tell which coin has potentials and which one is just enjoying the hype it is getting at the moment. Many newbies will easily fall victim to FOMO by buying shitcoins without doing proper research, maybe the hype is enough to prove to them that they are doing the right thing. This can lead to significant losses for newbies and even discourage them from going on with trading. Newbies who don't know much about crypto should just stick to Bitcoin and DCA. This is the most I can recommend to any newbie. They can diversify once they have gained solid understanding of how the crypto market works and have done some real researches.

Yes, it is common knowledge that many beginners jump in and get involved because of fomo, they see other people succeed in getting a large amount of money from the coin and in the end they get involved there but in the end they become victims because the hype phase of the coin is over, or what I mean is usually when you are late to enter the coin then in the end most of your money will be stuck there for a long time and usually does not come back because the prospect of the coin really plummets and never increases, this is the danger of making decisions without being based on any knowledge and that is what makes them end up wasting a lot of money. On the other hand, what you said is also true that it is better for them to get involved in bitcoin accumulation only by using the DCA method because they don't have to think about various research and considerations.

That’s what they should do and try to learn first before going further to trade new coins, there are many people who get caught up in unfavorable conditions because they expect to make big profits in it. It’s better to focus on bitcoin if you don’t have a strong understanding to see the potential of new coins so they don’t get caught up in FOMO and bitcoin is much easier to understand just buy and hold it. There are many ways to do in bitcoin because even though the profit is comparable to the capital invested, it is much safer to keep them from losing money.

Diversification can be done if they have a good understanding of the crypto journey and they can do it when they really know how. Many people lose money because they do not understand the conditions of the coin journey and even try to do something on a new coin that will give them unnecessary losses.

These are all great suggestions, and many people in the crypto world does them. Shitcoins are the obvious one, the people who trade shitcoins are aware  that they are trading a shitcoin, it's literally marketcap and so obvious that it's a shitcoin, you would have to be ignorant to not realize you are trading a shitcoin when there are like 10 people talking about it.

You should definitely avoid that, and it's simple to avoid them. Overtrading is the hard one, because sometimes there are no good trades, for sometimes as long as days, and for some reason people just rush into trading because they are bored of not trading at all, and that's really not a smart move at all. Newly-listed one is a preference, I do not do that too, but I can understand why some may do that, it is not really a mistake but it's a risk that some people are willing to take.

A life of a trader is fun and worth admiring, doesn't mean if wanna be one you don't have to focus on the learning aspect First. The issue most of you have is comparing ya life with others pro / successful traders . Those guys pass through some shit before getting to where they are now .

So don't be in hurry take your time focus on gaining knowledge ( for those that are really ready to learn ) Because I don't recommend trading to folks because is not as friendly like investing in Bitcoin, trading will literally traumatize you with countless of losses if you go into it with half-sice knowledge.

Op is actually correct, most of the mistakes we try to recall most time when investing or trading involves lack of patient. I have seen more points relating with patient concerning trade and it’s still right traders should stay patient, trading shitcoins only end with lose nothing else and it applies in both parties trade and investing. I’m not a fan of random coins including shitcoins so I hardly get a notification when an exchange list new coins meanwhile traders are totally different and they always monitor the market.

True, and one of the reasons why a trader is required to always be patient when trading is because anything that is done in a hurry will never be good, especially talking about trading which is an activity that has risks which can be very large when done the wrong way.
And also on the other hand trading is an activity that must be done with full calm, don't trade when you are having other problems in life or when your mind is not good due to other things you experience in your life.
On the other hand, regardless of where you trade and whatever coins you trade, the point is patience is a skill that must be possessed by a trader, remember that here we trade using a strategy which strategy will only help us to achieve a number of profits when we are able to apply it at the right moment and that is the reason why patience is very important in trading.

To reduce overtrading in you need to put something in place that will prevent that from taking place or happening. Number one develop a trading process. What is your trading process each and every day? Trading process and trading strategy Are two different things.
Number two, you need to have a written down trading strategy that you're following with clear set rules. You have to tick the Box before you take a trade if you don't have a clear written down trading strategy then you don't know what you're looking for and you shouldn't proceed with the trade.

To prevent overtrading, one must be able to be responsible for the money they put into trading and one must also be able to control excessive involvement when wanting to trade. Experience and knowledge can help someone to be more responsible in the trading they do because without both of these things it will make it difficult for them to control themselves.

Having a strategy is also no less important because someone can start in the right way and more efficiently. It is not easy to get knowledge and experience so someone must be able to control themselves so as not to be overly involved in trading.

The issue of over trading can somtimes be understood why I said so is that trading can sometimes addictive but the worst of them all will be revenge trading because the moment you get use to things like this then it will be very hard for anyone to stop that habit because revenge trading is most times caused by greed and that is you need to control your thinking before any other thing, your thinking will determine how you continue so the mindset matters too.


It's good when you have a plan that you want to accomplish either monthly so that you will track your transaction wether you are making profits or not, and this will show wether you need to improve or not, having plans of what you want to accomplish when they are written down it is better so that you will see it as a reminder and you work on things that are on your paper already.

Mention 3 points of mistakes you make and all of these mistakes are indeed done by many beginners who do not understand how the crypto market works and what needs to be avoided.

Point #1 about the mistake of someone trading on shitcoin is certainly a stark warning that shitcoin is very high risk of losing money.
But some shitcoins, or memecoins, have strong communities and a clear roadmap for the future development of the project. So pay attention to how the memecoin is evolving and whether it will be a good investment for the long term, it's about trust in the community and developers.

Point #2 about overtrading, of course overtrading is very bad to do, even a trading professional alone has limitations on when they should trade and when to stop and also how many coins will be traded. It will be very difficult if short-term trading or scalping because it drains the pseudo-focus to always look at the market, It is better to choose coins such as BTC, ETH for long-term trading and short-term trading only altcoins that have a large volume for scalping trading, management is very necessary.

Point#3 about buying new coins listed on the exchange, actually this depends on the quality of the coin whether it will be a coin that is able to survive and continue to grow or will only become garbage when it is listed.
But at the beginning of the listing the price will continue to fall, but then there will be a price reversal, and it can mostly reverse until the new ATH is reached, so pay close attention to how good the quality of a new coin that will be listed, if it has good potential then buy and hold.

Right. What you said are some of the most common mistakes we see that new traders make. They can even stop them from becoming successful traders so it is important for us to recognize when we are making them. Because almost all traders have made mistakes, but they are successful in trading because they use those mistakes as lessons and experience for the future. Apart from knowing the mistakes, what is expensive is the solution. And most importantly, knowing that what is usually done is actually a mistake.

I myself have never made a mistake in terms of entry, I have also mastered a little risk management but until now I have one big weakness, I sell too soon. This is a real problem for me and one that I need to solve. The point is to avoid mistakes, we must understand. Trading is a skill, not just luck and technical analysis is used to analyze the market, not to predict the market.

Patience is one of the most important thing that you would really be needing up to consider when you do touch up trading but of course having that excessive patience will really be that giving out that bad result or outcomes because usually you will be ending up on having that missed opportunity specially when you are that holding up too long and doesnt really have that time to sell out on the right time. If you are that holding for long term then it wont really be that much of an issue but it will really be that ideal or much worth if you do really know on how to sell on peak and buyback whenever the bear market hits. Mistakes are something non avoidable on which no matter how old you are or expert you are but still you will be able to experience up such things. The difference here in between people who do have experience in compared into those who are new is that they do really know on what to do on such condition. It might be not totally giving out that assurance that they will be able to save up from loses but at least that you do really know on how to minimize such aspect. Mistakes wont really be just that limiting out on 3 things but rather there are other things that considered out or would be resulting into loses too but those things mentioned above are the ones which are really that a common but actually as you do learn up experience then you will be able to act accordingly whenever this thing happens or been able to encounter.

We should do short-term trading in memecoins unless they belong to big cap having billion in market cap and have real time behind them with some proper advertising, adoption and investments. The low-cap memes are just to make money and exit them whenever we have the first chance because if you won't, then you might become the liquidity for others and that's why exchanges also delist them.

Binance don't usually do that because they have higher requirements for the listing so they must have to create enough liquidity for proper trading. Over trading especially in day trading is not bad because day traders with time will  improve them selves from making less profit to more. Newly listed coins mostly do like pump and then dump so buy them if they have the potential to grow back when dump . Other small exchanges mostly delist memecoin if there is not enough liquidity flow and they can delist old coins if their pair isn't traded significant anymore. My mistake was to trust others in trading. I trusted few like sumit Kapoor and wasted my money on their suggestions, from that point I learned I will not invest in any coin a big influencer is suggesting unless many are talking about it with my own analysis.

Not many people care about missing out when they are too late to sell, like anyone who didn't sell when it was 60k+ last time around, may not feel that bad, they could just keep buying and accumulating and now they are in big profit again.

The chance is to make money, and if you are late to buy that is much worse because people would rather do a lot better and because of that I prefer to live in a situation where I would make a good amount of money while trading slowly or even holding, rather than try to guess what the peaks are or what the bottoms are. Of course this is just a guess, and we are dealing with much more in the later terms, we need to be considering how to make some money this way without a doubt.

Hmmm, that's really true mate!!!
This point makes more sense because from this point many of us including me have lost a lot. So therefore I just elobrate it more this point. But anyway Shitcoin is similar to Gambling. Most of them are just made up for scams or rug pulls. Trading in Shitcoin is a dimwitted act, in contrasts of shitcoin we need to trade in Bitcoin or some top alt because Bitcoin has a stable nature. Doesn't pump and dump like shitcoin. 
 
So I think we should not touch these shitcoins even if they have the potential to give huge profit margins. Because these shitcoins have no purpose except rug pull. So I think we should trade only Bitcoin or top alt. Because shitcoins are full of risk.

Currently, there's no mistake, and even if there is, I don't remember that the rest, like short-term mishandling and other mistakes, are part of every trader's trading journey.

For the rest as you said, every trader needs to know when to stop and where to stop it's all about how you handle things there are many traders who are not in market due to their wrong handling we all do mistakes but how we handle is important I did many of the mistake sbut I'm still surviving here.

Every crypto is highly volatile but shitcoin is more volatile, and trading or engaging with them is always the easiest way to bankruptcy because they are always a hye based coin built on false trends once the needed multiplier is achieved the whales holding it will dump the shitcoin after gaining some confidence of the token holder.

I agree with you on this one. Nothing in this world is done excessively that won't affect the person who's doing it. There's always a limit to everything.


You can invest in newly listed crypto on an exchange platform if you are knowledgeable enough to play along with the world's smartest, and wealthiest traders who always have an interest make the next multipliers through newly listed coin

It is a win or loss. I'm a victim of this. We think that new projects easily get hype. Unfortunately, not all have that kind of scenario because many of them turn to a scam and shitcoin.

Yes, it is still a big factor in considering the known and highly volatile coins when trading because we are certain that it is never gone. Trading can be profitable if we really have the knowledge and skill and, of course, with the right choice of coins. This might be a challenge for newbies, but this never meant that we can't learn as we can if we never rush. 

Shitcoins have no future and we often see them lose their place in the market after being listed.
Another concern when trading with shitcoins for the long term or medium term is losing their purchase price which will make people suffer losses.
There are some people who use shitcoins for the short term and they sell after making a profit of 30% to 50% but what needs to be understood is that they understand the conditions and risks.

It is better to trade with potential coins that have a good future because even though the movement is slow but there is certainty of appropriate profits, rather than betting on shitcoins that will eventually be delisted from exchanges.

I observe what you say here because i often even very often experience that is Over Trade, hoping to find greater profits by adding entries again and again until i later realised that this was a mistake in my trading system and i thought i had to change the pattern of bad habits that i was doing at this time. Since then i have something called the Trading Rules , which is the limit of profits and losses that are ready to take and this is specifically for those who are looking for profits in the short term or we know as SCALPING, of course this is more risky than investors who hold the tokens they buy in a relatively long period of time but the positive side is that we can make profits in a fast time.

But surprisingly these shitcoins are really that having that soo much interest and even on how shit it is but still it is really that making that huge volume on which this really that indicates that there's so much interest into it because if we do base up on the volume that it do makes then you can tell that its not shocking that people will really be having that interest. If you are really just that new into this market then you would really be that normally having this kind of perseverance because you do want to make easy profits and since you dont have that sufficient experience and awareness then you will be definitely be that dealing up with it. So for those who are experienced when it comes into this market then you do already have the idea on what you should gonna do.

Mistakes are common here on this market the thing here is on the moment that you do get that sufficient awareness and experience then you can really be able to make out adjustments. So it will really be that up to you on how you do really make out such adjustments. It will really be just that impossible that you cant be able to make these kind of adjustments on the moment that you are already wary on how things do works. Dont make yourself that trying out to chase on making money or having that kind of urge because you will be ending up on having that kind of bad approach towards things.

FOMOing into an altcoin when it has already reached the peak of its quick pump.

I have made this mistake, and oh boy, it's a costly one. I always advise people not to make this mistake because it becomes very difficult to recover from it, especially if you don't set a stop-loss to get out of the trade quickly.

What I did was that I bought into an altcoin when it has almost reached the peak out of the fear of missing out. I saw the large green candles, watched it for a few minutes, and it was still going up, I thought I would buy in with all my capital, sell as soon as it went up by a few percent, and get my share of profits. However, the market had different plans, and as soon as I entered, it started dropping significantly, it dropped so quickly that I couldn't sell without losing a good chunk of my capital.

It's like looking at the sun when it is at its peak.
We are then blinded due to how bright it shines. And that is what happens with our depo ones the sun is going down, and comes the night  ;)
I am happy that you had your lesson and learned from it.

I made the first and the 3rd mistake you made. But I am lucky that I did not over trade actually. Probably because I cannot afford to over trade. If someone is mature enough and focus on money management, they cannot over trade. I bought some new tokens to participate in some exchanges airdrops which was too volatile. When a token get listed and there are some trading competitions with that token pair, you will likely to loss. Because the price of a token suddenly rise upto thousands of percents which quickly dump within a couple of minutes.

It is influenced by some people who can make huge profits in shitcoin and even in the country where I live especially that I know there are many young people today who are thinking of putting money in shitcoin to make huge profits.
It is more of a pump and shitcoin does not work fundamentally at all so when people are late to enter then they will lose a lot of money.
The mistake of many people is not understanding the condition of the shitcoin journey and even many people enter the coin after they get a big pump so that it will then experience a sharp decline and eventually disappear in the market.

Some people enter at the right time and they really understand how to make a profit.
But if someone does not understand then it is better to avoid shitcoin and choose a fundamental coin that is much better to invest in.

Trading shitcoin is really a bad idea mate and never rely on it because of good return coz for sure in just one mistakes or some reason of manipulation there's a potential you will become liquidated afterwards. . if you want to trade for long run i suggest focus on these three asset. BTC, ETH ,SOL.

and yep don't jump without doing technical analysis. .stick to your strategy. Don't over trade as well coz sometimes it will make you so greedy until you end up losses..

Yes, if you buy newly listed coins in the market, you will face losses if you don't take profit at the right time. For example the $TRUMP coin was listed a few days ago. $TRUMP reached a high of $92, but is currently down to $29. For those who bought $TRUMP and expected high profits, I think most people are at a loss. I also made some mistakes in this journey, I also invested some money but now I doubt whether I can recover the losses. So you have to be very careful to buy newly listed coins in the market. It is best not to trade in newly listed coins.

Altcoins are not trustworthy enough for longterm investment, they're not bitcoin that can be held for hong term cause they don't have long term advantages. Altcoins don't last in the market as people who buy them are always in a hurry to sell them too hence if you're holding, you're going to be the loser in the market. Most beginners are always making the mistake of hodling altcoins for long term and this make them to always be the ones losing in the market. It is only the smarter ones that are buying and hodling for short term and after they have gotten their profits, they sell and look for other Altcoin that aren't yet popular to buy and repeat the same thing that they just did. Doing this is risky but if you can do it successfully without losing, you're going to make lots of profits from the market.

All three are mistakes that I have made, but my biggest mistake that caused a big loss was number 1 and 3.
Number 3 mistake was made when the ICO was still trending and when the price dropped thinking it would improve but instead the value slowly but surely became 0 because the exchange delisted the coin.

So traders who make mistake number 3 are very likely to make mistake number 1 because they are reluctant to cutloss.

Mistakes should make us wiser and never be reluctant to cutloss, to avoid bigger losses unless you trade in Bitcoin.

I've read a lot that meme coins, especially shitcoins, are here on this forum platform, now the question is, is it true that all meme coins are really shitcoins? When Shina Inu started, many also said that it was a shitcoin, but the size of the accumulated fund where its marketcap is now at 10 billion dollars.

The Pepe coin also has a marketcap in the billions, but many still say it's a shitcoin, are they really telling the truth? In this era, the real battle now is whether you are willing to take the risk in the capital investment that will be made. Right?

To answer this question, Let me hit you with a simple question—will Bitcoin and Ethereum still be alive twenty years from now?

The answer is crystal clear: Yes. Because they have solid, promising projects backing them up.

Now, flip the script and ask yourself the same question.

Will meme coins like Shiba Inu and Pepe Coin still be around two decades from now?

And even if they do survive, will they be able to maintain their current market cap?

Yes, that is the third fact that the categories often make crypto users lose when carrying out trading activities, We have long traded in the Crypto market but we have never taken the new shitcoin or coins to be the basis of our trading activities, you make real mistakes.

Trading There are three methods that are often done and can be beneficial for those who understand, spots, margins, futures, but the three methods have been done, but only for my Bitcoin digital currency, there is nothing else, Surely I have a reason to prioritize Bitcoin as my trade asset, Shitcoin and new coins are not included in the notes.

For that, in the future, look for guidance that understands Crypto trading and ask them the best assets and how to do it well, so that you are not dissolved in real losses.

The reason for over trading is mostly trying to recover what you have lost and over trading can also be trading multiple times even after achieving your target, this shows indiscipline and greed. Have a target and stick to no matter how enticing the market may seem, know when to walk away. Trading shit coins us almost like gambling, especially the ones you know nothing about. Just because you heard that someone flipped a couple bucks trading memecoins and got a thousand dollars doesn't mean it's going to work for you too, some newbies decide to make moves like this because of what they see on the internet and end up losing a lot of money.

Mistake #2:
Avoid overtrading at all costs.

When you do make out trades then always set out limits trade per day on which neither you do have losses or win. Set out limits on everything on which its never been that a bad habit. This is that most people mistake when doing up trades on which on the time that they do have losing up trades then they do become that impulsive and on the time that you've been doing this then it will becoming you desperate because you've been trying out to chase up those loses and making out that breaks even. So its always been that recommended that you should be setting out limits. So it will be better that you do really know about those limitsations.

Mistakes are common and the important thing is that you do make out adjustments at the moment or time that you are experiencing it or making up some dealing up with it. Its impossible that you cant be able to realize on what are the things which are far more better than for you to make out such action. Getting into those actions on which you do seem that it will be that beneficial for you.

If we keep on risking our funds on newly listed coins that haven’t even proved their potentials in the market, losses will never stop. Instead, let’s just stick to bitcoin where the rate of profitability is undeniably high, rather than trying to find our luck with newly developed coins and end up losing our money. Don’t settle for non-reputable coins, but since you are risking your hard-earned money, then always go for highly reputable coin like bitcoin or even those proven highly potential altcoins.

100% correct. The sensation at point one when the moment is right is enough to make us smile widely, but the bad thing is after we buy the price goes down and strangely indirectly our emotions are born excessively to add more funds to it. Believe it or not this is what happens. Yes. they will hope that someone will come to pump again with a little bait from the user himself. at the end of the story when the annoyance peaks they come out rudely without caring how many hundreds of dollars they have lost.

For those that have been in the crypto space for a while you would know that shit coins can't be reliable as Bitcoins, only newbies that try to gamble with their investments buy shit coins that they don't even know about. Before buying any coin make yiur research first, it's not even advisable to invest in any aspect of crypto without having proper knowledge. Talking about over trading, it's just a display of indiscipline, I have lost money from some trades because when I made enough profit I kept on trading till I ended up losing all my profits, this is something that should be avoided at all cost.

Maybe the three mistakes you describe can still be forgiven and can be a lesson for further improvement. However, my mistake that I do not forgive is following friends in futures trading. I have often heard of friends going bankrupt because of crypto futures trading. They did not learn from their mistakes, and I followed them. Even though crypto is already volatile, then it was used as a derivative, it became very aggressive. Until finally I realized that crypto is more suitable for investment only. Don't be the next victim.

So the most fatal mistake in my opinion is following other people without having your own strategy and without your own research. In the past, I often saw friends FOMO into futures, in the end they lost. Even though trading on the spot is confusing, let alone using leverage. Now I prefer coins with good fundamentals and just HODL, it's safer.

Actually I don't trade regularly and I am not a professional trader. Since Trump won the US election. So I invested some money in $TRUMP coins. I am at a loss, so I have to hold for a long time to recover my loss but holding for a long time does not guarantee recovery. I don't like altcoins but after a long time got greedy and invested some money. Which was my wrong decision. Both investing and trading in altcoins are risky. I always like Bitcoin, Bitcoin is the most trusted. Yes, we should stick with Bitcoin to be safe.

All your mistakes would probably happen to everyone, even if they tried to avoid them. It’s just something that happens because of the market's unpredictability.

Personally, I think the mistakes that I have encountered are the same as yours, and they are mostly about overtrading and just being in a position to a lot of coins.

I think spot trading is not that confusing, it's the safest to start as a beginner to avoid many mistakes because the loss on spot is quite accommodating, at least in spot, you loss only the value of your assets not your entire tokens at once unlike future. You only tell the beginners to run a thorough research to keep them vigilant and love the space more since that's the sacrifice a beginner can give not money.

Hey mate, sorry for your loss, the good news is
but I don’t think you’ll be waiting too long. The altcoin season will probably kick in over the next few months—maybe March or April.

Learn from this mistake—let it carve wisdom into your soul. ;)

I am not experienced traders but i made some mistaken in the my past trades history, as like I faced mistake 1 & 2 in your mentioned 3 mistakes in trading,
I made trading with some coins those are high volatile coins and listed only a exchange and when i holding those coins suddenly i seen those coins are delisted, still i can not sell those coins, it was my big mistaken now i understand.

Being removed from an exchange is not an excuse thou because they normally notify users who hold that particular coin of the new development and suggest they move their assets to another exchange or sell it off. The prior notice comes early enough to give holders enough time to decide on what to do. However, it is generally a bad idea to tie oneself to a certain altcoin for a long time. Altcoins are like seasonal crops that are fruitful at their time and become irrelevant in the next season. You just have to make use of the opportunity and find your way to another.


This depends on the coin thou and how strong the team behind the project is. I have seen so many new listed coins offer immense profits to those that ape in early. Likewise, some will do the opposite but you just have to analyse before you venture into the risk. By the way, are you testing the color format? Why are you writing in colours?

Exchanges give enough time even after delisting to sell your coins, this means that you did not monitor these tokens properly if you missed the moment of listing and for a long time after that. Did I understand correctly that you cannot sell your tokens that remained on the exchange and were delisted?

Low-cap tokens require special attention, in fact, any tokens that you have in your portfolio require constant attention and only fundamental coins can be in the portfolio on long-term hold without unnecessary nerves.

I usually make the first mistake when I was a beginner trader and have loss a lot of my money doing that. This is a very useful information especially for beginners hope many will take note of it .

From these mistakes you have made in the past, we are still seeing many traders making the same mistakes without realizing. Trading is more of time devoted in planning and strategizing so there could be enough trading patterns that could help to make money in the market. Those that understand how to incorporate technical analysis and fundamental which is the news aspect would have a quick decision and more profits strategy than just depending on technical aspects which could not be reliable when used alone without other strategies incorporated.

Using the news to make trading decision is very important and this is one of the profitable way to make money from the market. Those that understand the market would never joke with the fundamental aspect of trading.

News is hard to predict when it will be released and what type of news like positive or negative news will be used.
Market can react oppositely with same market type too and it means you can fail with thinking like market will move up with good news in bear market while it does not, just sideway or falls down more.

You can use stop loss order without need of knowing about market news that is only main manipulative tool.
One of the best weapons in trading. (https://bitcointalk.org/index.php?topic=5173189.0)

Most traders tend to make mistakes number one and two. New traders usually invest in some shit coins for high profits with a small investment where there is no possibility of getting money after the investment. They get greedy and lose their investment. There are some who are temporarily profitable but do not withdraw and trust in them. At some point, when they lose a lot, they are not in a position to get a return on their investment.

Another tendency among new traders is that they invest quickly in some new listed coins and want to make a quick profit from them. But the results are not fruitful there. In most cases, what I see is that after investing in new coins, they cannot reach the price they invested in. Will those who bought Trump Coin for $70 be able to get the return.

My biggest mistake while trading was rushing, that's what I did back in the day, I didn't really hold stuff for more than an hour at all, whenever something was profit time, I got out way too early, and could have made a lot more money if I held a bit more, and same goes for going down, if I see something going down, I quite way too quickly and sold and cut my losses, when most of them just recovered after a few days.

So when you are trading, we are talking about a scenario where things aren't really looking that bad, in reality they are actually quite good, but many people lose that perspective so it is not really that easy to handle it. I hope that we could make sure that things are dealing with it a lot more carefully, but that isn't looking like that right now, we should be a bit more careful about it.

I remember right now that I used to be in your shoes as I was reading what you wrote. This is something many traders experience too but we overcame them with having more patience with our trades. Some of the profits that I have made from trading is because of patience and not because I got my timing right. Instead of existing when you're in loss in Bitcoin, you can decide to have patience because sometimes the market is only faking the dump and not like it's dumping for real.

Selling too quick is a common mistake among traders but it's better to sell quicker than to sell late because when you sell late, you'll be losing the profits that you have already had but selling early only means you miss out on profits that you would have gotten if you had waited a little more but didn't have it quite yet.

Shitcoins can easily manipulate with the number of supplies and the large wallet hodlers so its ideal to get with the ride on the shitcoins or memecoins and make a quick flip it doesn't have a long term goal unlike the bitcoin and other projects. Reason why people get a ride of the help and sell their asset immediately after taking gains 2x is enough don't take greedy.


The reason why there's a TP and SL in most of the exchange so this feature makes the trader avoid getting liquidated. If the trade is not well according to plan better to cut loss and make a plan for another execution if there's an any opportunity on the market.


Actually not all the time because like what happened with the meme coin Trump people make a buy once its release and the price goes up to the sky during its short time so if you get ride on the market within these days on this coin you gain profit and if you are late comer you will just get trap in the market.

In trading mistakes is inevitable. One of my major mistake as a beginner trader was also over trading. Sometimes I will make a good money during the Asian session, them during London session I will loss it back. So to combat the mistake I decide to take one to two trades daily. From them I begin to see profit.

Another big negligence on my trading journey was not taking proper journal of my trades and not setting a weekly pips goals for myself, it really draw me back.

Another main issue was proper trade management and  risk managements, I was fun of entry multiple positions on a smaller account without proper risk managements

When a beginner trader makes a fatal mistake and can result in the loss of money that has been used as his capital in trading, of course he will look for ways and loopholes that are important enough to learn things that he doesn't know yet in order not to repeat the same mistake later when he returns to the market to trade with new capital. So I am also quite impressed when there are people who want to share knowledge like this with many people so that people like you can be greatly helped by this and will be a very important reminder when you want to trade again in the days to come.

Although I am not in favor of short-term trading, I have to say you have made some good points. Trading is like poker, you have to wait for good hands in general. You cannot just trade for the sake of trading.
Wait for a good risk-to-reward ratio and follow that with proper bankroll management.

Trying to limit trading mistakes to three would be very low number, there are hundreds of different things you can do, these three are just what OP did, but you can hear others and you will see that there are a lot of people who make a lot of mistakes and a lot of different ways.

Most common one is rushing into trading for example, it's really not that good looking and I hope that we could see people can change with time, otherwise it makes no sense at all. I am sure that people could see this as a way to wake up and try to look back on their own mistakes. Because we are talking about a situation where if you look back on your mistakes, then you are going to make a lot more money, since you will learn from it without a doubt.

For a beginner, especially if it is the first trade done, then making mistakes that cause losses is very natural, I can even say that most people will experience something like that. But it becomes very meaningful for the future, because besides being able to learn from those mistakes, they will also be mentally trained. Mentality is a part that I think is very difficult to learn, because it will be related to something that cannot be separated from psychology. So with the bitter experiences experienced at the beginning, it can create a more prepared mentality in the future.

OP did your best to outlined the necessary common mistakes made by traders and I found this part a major one. I've countlessly made huge blunder from my end and it also cost me liquidation in my portfolio. I was good and moving in the market, everything was working fine but changed when my colleague introduced me to newly shitcoins with high expectations of hitting massive profits with our capital. Although he showed me concrete evidence how he has succeeded in hitting harder, perhaps he didn't show me his losses records, and I was too optimistic and ignore all other areas.

Shitcoins are common these days in the market, they are volatile projects in the market, today they skyrocket to the moon and tomorrow they are not enchancing any good procedure but experienci dump moves. I take full responsibility for my actions and look forward for a change.

You Nailed it, psychology is one of the most important factor when it come to the trading, Most of the mistakes that we make directly or indirectly caused by our way of thinking how we behave in a live market planning something and executing are both different beast, what we plan most of the time can't be executed, what stopping us our brain, mental wiring, at the start most of us experience winning streaks this cost our mentality negatively,and learning to encounter these barriers take time so much time, even though psychological mistakes are small but they take big time to fix even tinier ones. But if stay persistent give ourselves time and analyse everything try to learn what we do wrong, actively work to fix it I am sure we can conquer our mind.

I have the same mistake as yours and mistake number 3. I started trading with a coin called pnut a few months ago after it was listed on the exchange. Initially, I had a fairly good profit and I made good profits in a few trades. After making good profits, I lost my passion there and was trading with that coin again and again. Then when the market conditions got a little bad, the coin I was trading with went into a very bad state and now I am in a huge loss. So I want to say that it is very risky to join trading with new coins after they are listed in the market.

Well, I agree with the point made by the op besides we learn from our mistakes. Then it would be better for us to learn more from the mistakes of others so that at least we have seen from others that it is possible that the strategy we will do is the same but we have seen the results from others, so we have a chance of not continuing with the strategy we planned to do.

So we have already seen a warning, it is up to us whether we continue or not. The problem is that others have seen that the results are not good and still did it. That is the sad thing where that is the Facts. Just simple if you invest in meme coins that are new to the crypto space, don't expect that the capital will return to you more, you should think that you will immediately lose. This should be your mindset in meme coins.

An inexperienced trader mainly makes the three mistakes above. Sometimes some traders are trending some tokens and trade them. It has been seen that many people trade when most Memecoins are trending and after trading for a few days the market suddenly dumps. In this situation a trader faces huge losses. Overtrading and trading with excessive greed are both important mistakes a trader can make.

during 2017 - 2018, the year where there were so many ICO and bounty projects, I often bought some new tokens issued by ICO exchange projects, that's because I hope they maintain their liquidity and I can trade there comfortably as an early investor of their tokens, in fact until now only 2 exchange tokens that I bought gave me a decent profit, the rest became garbage and made me lose, buying new tokens to trade will basically only make a loss in the future, it is much wiser to only buy tokens that already have good fundamentals and also good liquidity.

I'm just getting into memecoins aka "shitcoins" and a beginner trader. Definetly good tip so I want to just swing trade the hype. I'm lost on whats a good platform. Just started trading on "D-ETF" cause they have it all in one but no idea if it's good. Please let me know where you guys trade.

I just hope you are going to take all these things seriously because even with multiple posta here about how to avoid investing in the market wrongly, some persons that think they are wise and expert will still make the same mistakes thinking they could outsmart the market. It is best we avoid newly list projects especially in exchanges for those of us that are traders. This projects price can be manipulated and you could end up losing your money multiple times if you are not careful about the market. Trading is not for those that are not ready to take corrections.

No doubts this are common mistakes alot of traders make usually beginners and it thus affected them, well I think I was caught with with number 3 mistakes of always buying new listed coins just to see how i can be profitable in the long run and yes I would say the coin was over hyped so i didn't want to be left behind so I keep buying but as time goes it's value kept depreciating this putting me in loss. That's a high risk of loss that I took knowing how much I bought those coins but I learnt from it as well.

Mistake #2:
Avoid overtrading at all costs.

OVERTRADING!

This is something that you should always be putting up into your mind is that never ever made out some over trading on a particular trading sessions or day literally. Always set out a number max of traders to be done on which neither it would be a winning or losing on which in my case i do have that 2 max trader per day on having that intraday kind of approach and after that then i do call it a day and never tend to chase whether im profitable or a loser on a certain day. Mistakes are common but it doesnt mean that you will be keeping up on making the same mistakes all over again and again. Mistakes a learning curves or stones on which you could really be that making yourself that becoming a better trader. Acquiring or learning up such skills is never been that simple nor really that easy but its not something impossible or simply being that achievable.

Just make yourself that being versatile and be able to adjust accordingly on what are the conditions or situations that you are facing into. Dont make yourself that just simply stick on what you are currently been doing. Always aim for progress and changes and making yourself that way more better than on yesterdays.