Bitcoin Forum

1. Too hasty, lack of knowledge

-This is a mistake that most investors when started. The hot growth of the market, the price of Bitcoin growth every day is the main motive for new investors to participate in this market. They are always afraid to miss the opportunity. So they hurried into the market and forgot to learn. So learn first. Be patient waiting for a price you think is good, or at least according to technical and market signals.

2. The goal is too big, greedy

-You should set goals when entering the market just to be profitable. Do not expect too soon to be rich or become a millionaire in a short time. When I join ico, it must reach x $ or x5, x10 for these ico, that actually kills me. When the price fell, I did not sell. That was a big mistake.
Most of the investors, trader has experience, they only want to increase their property by 30% in a month. They are too happy. Remember to a story put the grain on the chessboard with 64 boxes. Patience, not to lose, your property will quickly bulge
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.

3.Do not stoploss
-This is an extremely important lesson. Any experience or famous investors emphasize this. Stoploss help you have successfully trade up to 80%, do not know how to stoploss, you certainly never win, just fail sooner or later. You can not stop the market trend, stop loss is painless to want to do, but it protects your capital, help you get back to very quickly.

4. Try to resist the trend
-Try to resist the trend
You will be dying right away, which is the answer to trying to resist the crowd trend. In a festival, the whole crowd is joyfully moving forward, you just go back, you are immediately stamped to death. For the market too. When the crowd rushes to buy the excitement, you think the market will fall, you will certainly lose money. In contrast, when the market has strong sell trend, you try to hold the more losses. Get out as soon as possible and go earlier than the crowd.. If you run after the crowd, of course you will be able to die with the crowd, know enough and stop even though the crowd is still running. In every investment, in the long run the crowd has never won. When you are swept away so fast, as the car is so fast, braking slowly no matter what trouble will help you stop safely, waiting for the incident, whether the car is good but you also hurt less a lot of.

I only trust on the greedy factor. Lest forget about the stop-loss because that is just the technique with which we can make the trades happen. In that also people can greedy and sett higher profits and very higher losses to give it more window to trade. However, the greedy is the only factor that can make this trade go upside down all the time. When they become the greedy one they are actually putting their trades in red zone, in such instances neither stop-loss can save them nor the heavy knowledge of trades and rest of the things! It doesn't matter how much more you have got, you will lose everything in front of the greed. The reason behind this much stress on the word is simple, I have experienced it too and I h ave lost a lot more money in such way. Im just trying to add up that so that people can know how it can destroy us.

The most important mistakes most of the people do is they buy the coin at the very high price when its on the peak following the hype and when the coins go down for its correction people get panic and sell the coins at bottom this is the most basic mistake people do in this crypto world and I have done the same many time but I have learned from my mistakes.

We all know that, we dont need you to repeat this over and over again. Everybody did the same mistakes before, and we all know that we can not buy in the middle of the hype, right?


Damn, this kind of people is always posting the same crap.

The most people mistake in trade :
1. Too confidence : whrn someone make profit in trade they think they are profesional in trade then they open trade with big laverage and boommm...they will be busted.
2. Panic : if you trade without laverage or spot trading. You dont need to be panic if the asset down 10% especially in crypto. Panic only will make you lose and can not thinking further strategy.
3. Too fast cut lose : down only 10% then cut lose immediatly. I bet after you cut your lose the market rebounce

When money matters all they could think of is getting that quick money into their hands these guides will be foreseen by professional traders but not on ignorant fools. Changing the way people think will be difficult regarding their attitudes or behavior well depends on the circumstances. For new starters it's too big to apprehended so quickly and they tend to get lazy about something like this and that leaves them unknowledgeable by an important topic.

Common thing that a certain newbie would able to commit which on first time reading up these helpful guidelines and indicators is really pain in the ass on their side thats why they do leave it and rather continue or doing Yolo but sooner or later they would really learn up from their mistakes and will comeback with new experience and will be careful on next time. Exeprience or mistakes will really be the things that will mold us up but on first encounter we will surely neglect these things.

I think this can be summarised as follows: Do the opposite of what the crowd does. The crowd buys when the prices are high and when everyone buys, and sells when the prices are low and everyone sells. The opposite would be: buy when the prices are low, and sell when the prices are high. As simple as that, but it takes a lot of discipline not to be carried away by the crowd.

The very crucial decision that investors need to take is when to buy and when to sell. The most common mistakes people do is they buy it at a very high price and when the price start falling they sell it at a lower price being panicked. In this market you will have to learn to take risk. The main principle of this market is you will have to hold the coin to get optimum profit. The time period of this hold can be few days, few months and even few years.

Many people who are just get in like trading coin. I used to be one of them. As to myself,I found holding the good coins earn too much more than trading coins.
Yes,you could hold coins with half of your fund while you trade coins with the other fund. But I think it takes so much time to look at the market. The price can not be predicted. So you can't be sure you won't lose your money.

Trading is a game of professionals and many people did not want to spend time learning and develop their skills to trade professionals. I have spent a lot of time to demo trade and one of the major mistakes I made some time is clicked buying when actually my decisions is to click selling. Mistake are band to happen but the professionals now how to manage it to their advantage.

Trading is deal with the money.So it's very common to  make a mistake.If are doing trading,don't allow your emotion to get into trading.Then you will sell the valuable bitcoin at low price by the excitement.At that time you will forget,same bitcoin will increase to any peak in future.And you will get more dollars for the same bitcoin by holding it ,till the price of bitcoin reach the moon.If you HODL ,you won't lose your money.Instead you will get more from it,when the price increases.

All of the statement above is true especially the author,. but sad to say no one can avoid such problem 'cause actually most people nowadays in the market are hasty and greedy even they are lack of knowledge .which is the common reason why they end up to regrets , and perhaps that is not our problem . 'cause if those noobs don't want to end like that,  well mistakes learned and must educate first before jumping to any risky business  ..

Lack of knowledge I believe has always been the major issue of so many people who feel they can just trade the market and get good gains from the fluctuations without knowing how to play safe at all in the market.

In addition to the above, this is not a knowledge that someone can just expect to quickly gain all of a sudden and expect to start seeing the outcome as positive, one will still have to learn a lot from experience, make some little bit of mistakes, apply those knowledge and get better. However, it is just one path most newbies or those who want quick cash would not want to take.

That is a mistake they will keep doing until they decide to learn. Sometimes buying from what you think is the bottom which peradventure is the peak can be confusing for some people that do not know what to look out for in the market, and while thinking the market will move up, there would just be so much room downward and then they hold until they realize they have lost so much, get emotional, panic and sell.

It all still balls down to not having knowledge which is the first point of the OP and that have led so many people to failing woefully.

I also did this mistake, too greedy make me lose in big money, learn from this mistake i was make other better strategy and less monthly target profit. Make consistent profit from trading was not easy, need long proccess and keep learning for better strategy and risk management to reach goal.

This is definitely a must read for  a beginner in crypto trading. Being a highly volatile market, there are people in the crypto market who lack this kind of experience. I bet everybody would have done this mistakes and pointing them out for the new investors would definitely give them an edge and would safeguard them from making the same mistakes.
The last point is the most important one and can be seen in the current market as well where people tried to sell their coins because of the decline.

These mistakes are the main reasons why we lose some investments. They mistakes must be learned from now on, thus if you continue for this mistakes, it could lead you to downfall of your profit. We should not let this happen, we should learn from our own mistakes and dont let this happen again from now on.

The worst mistake that a bitcoin trader is the lack of knowledge and out of greedy for unjust gain they are loosing their investment just before they got some more profits. To avoid such mistake it is advised that one should gain knowledge before going into trading.

The mistake is that we are too hasty to sell them, not patiently holding them for long periods of time. In the Crypto market, if you are patient, you will probably be more successful. Do not worry too much about the current price they will not be good for you.

In fact, such mistakes are very common in trading strategies in the crypto market. In fact, we do not control the process and the difficulty to know the proper time to sell. The psychology of business people is the problem of profit.

Begining everybody will make mistakes in trading it is common, but in trading, every mistake will teach you a new lesson but don't you repeat it again and again. major mistake what people will do means they will not control their emotions and take panic decisions.

Greed is an emotional play that happens when you really are expecting too much from a market that is highly volatile or you simply do not just know when to sell based on the market trying to change trend most of the time. There would always be that signal and what would make greed set in is when you are just gambling the market.

As long as you always know exactly what you are doing, you will always and easily find the better spot to always buy and sell without letting emotion kick in. When we do fail emotionally against market volatility then all our trading plans may end up in vain including our efforts.

Appreciated,Such an informative post.Actually mistakes make man perfect and if we do mistakes it mean we are doing something. We also learn from mistakes and mistakes become our teachers and it convert our losses in profit.
We must keep learning and avoid to mistake and never do which did in the past.

That's why you have to trust your own instinct it is also considered as luck and in order to make the least mistake you have to predict the run of the market in order for you to advance and to gain such good profit. You may get big or small  profit but the most important thing is that you learn day by day.

Yes. Lack of knowledge ushers in a lot of emotion when you are trading. It makes it seem more like gambling because it is only based on your perception or what you feel and not what you are seeing in the market based on the charts and indicators which are basically there to help you make decisions in the market. Trading is a huge profession that requires a lot of attention and not being fully equipped with all the knowledge is usually more like going to war without tools.

Agree. It is common in nature that being a new in investment it could take more times to be successful and learned about every mistakes undergone. Most important thing that we should know is the market behavior that make advantages for us when decided to trade our coins. Great patient and great knowledge combined will take less mistakes of trading process.

You listed many of the mistakes that I did and if i wouldnt have made those simple mistakes i would be so much wealthier right now.  if i didnt get too greedy, and just cashed out, after Ethereum experienced its huge spike I wouldve been able to buy 30+ ether at current prices.  But what my greedy self ended up doing was putting all my profits into litecoin thinking it was going to boom next.

Not even only in trading but in every walk of life. People must understand that in any game, either they win or they learn. Now the successful persons adopt this ability to learn from what they had done wrong in the past. The new strategies are devised and the new plans according to the learning from mistakes are established. And only such actions will impart a better profit ratio after trading.

In short we should not get started with the crypto trading if we have no working knowledge of the same. If we need to work on the successful methods then surely we need different techniques to be deployed and then work on the same, and we again come to the first point of yours, we need knowledge to do that. Yes surely I always believe in the information and if we dont have enough then we dont et back enough as well. People are talking about the greediness here, and I like that we do have awareness for it amongst the community as it will bloom the trading industry if people keep the investments optimum thus making the market grow. There is big principle behind it anyway but do works.

some people cant understand why they have some mistake for and they think that they dont deserve that kind of mistake but we should be able to learn for every mistake that may done for.

Thanks for this mate and it is going to help a lot of newbie and inexperienced traders out there, even average joes like me. Resisting the trend is very important, especially when the media is so powerful to influence the crypto markets when there’s bad news. All of these points makes sense to me, and I would take note for all of them. Cheers!

Most of us actually do learn from them. Even experienced and seasoned traders earning a lot right now started out like us making several mistakes along the way. It's just that thise mistakes made them better in reading the market and i don't see why that can't happen to us if we just pay attention

too greedy

that what i got when i lost my 0,5 btc in nxt after gaining 0,3 btc on that
i dunno what im thinking that time, i just wanna more and more without knowing the risk , without get more information about the future of my coin

but it okay i got all experience from that
sometimes being too greedy isnt that bad
u just need more patient and take the right time

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To want that profit in an early stage.
I have that mistake most of the time. I get too itchy to press that sell button just to avoid the loss then suddenly there will be a bull that will come.

It is somehow a good thing but also a bad one. The good thing is you are already safe with a little profit. Bad thing is suddenly it went to the moon and you are still standing in land.  ;D

The OP is good because there may be people who are new here and don't understand markets. The one you quoted is LOL and yes that is pretty much useless. I wish there was demerit button, would certainly make people think twice before posting nonsense like that.

many experts do not use  3 position.
stoploss. and dont think that its mistake

Stop loss is good for traders, when it is not used, you can lose all.


 Because we are humans :). We can't really predict exactly how or when the market is down for real and this is the problem. You jump inside thinking you are in a cool water only for you to get burnt seriously.

investing more than you can afford to lose

for someone who begins trading in a bull market, it's easy to think that things will just keep going up

the last few months have shown us this is obviously not the case

this ties into the Selling at Cheap, Buying at Costly mistake, you have to be able to deal with a constantly shifting market

if a downturn causes you to panic, you've probably invested too much

Basically, I agree with your list of major mistakes in crypto-currency trading. But I would like to clarify the first mistake, as I see it. I believe that the problem is not a lack of knowledge, but the fact that very often beginners are reluctant to study the situation on their own. Don`t forget that if your decision to buy a currency depends on the opinion of someone else, then you will have to rely on this opinion and when selling. Therefore, I urge all newbies don`t be a layman, explore the market in which you work.

Investors spend a massive amount of time trying to make all the right moves. The collective effort dedicated to picking good stocks, managers, exchange-traded funds, and so on, is immense. There are countless books, magazines, newsletters, podcasts, blogs, television programs, and more dedicated to helping investors make the best possible decisions when it comes to selecting and managing investments.

Far less energy and commentary is committed to the topic of how not to make the wrong moves. Here, I’ll discuss three common mistakes, all of which I’ve made (and will continue to make) myself. The three are related in that they are all behavioral issues that have been hard-wired into us over centuries. I’ll also share the potential consequences of these behav­ioral blunders and how you might be able to avoid them.

Mistake #1: Trying to Control Things You Can’t

Countless factors drive global markets. Randomness rules, so predicting how these myriad variables will influence securities’ prices is impossible. Thinking otherwise is foolish. Deep down, we all know this, but we prognosticate nonetheless. What’s more, we have a tendency to think that we not only know how the future will take shape, but that we have some part in shaping it.

Investors cannot control the path of interest rates, increases in productivity, the level of Amazon.com’s (AMZN) stock price, and so on, but we often act as though we can. The illusion of control is pervasive. It is in some ways a form of self-preservation, and it’s been linked to positive mental health. But as inves­tors, it can be hazardous to our wealth.

The illusion of control can lead to overconfidence. Overconfidence can lead to overtrading. Overtrading will almost inevitably leave you short of meeting your goals.

While I could go on forever enumerating the things that we cannot influence, the list of those things we can control as investors is much shorter. The most meaningful levers we can pull to affect our investment outcomes are as follows.

    Save. Sock away as much as you can. This is the investor’s equivalent of advising you to eat dark green leafy vegetables. We know it’s good for us, but we’d like it better on a pizza. The earlier we begin saving, the better, as it buys us more time for the magic of compounding to work in our favor.

    Invest. This may seem obvious, but the biggest determinant of your investment success isn’t which stocks or funds you pick, or how you allocate your assets, but simply whether you’re in the market at all.

    Allocate your assets appropriately. Asset-allo­cation matters, though it’s a distant second to simply being invested in the market. How you allocate your assets depends on your goals, your time horizon, and your willingness and ability to assume risk, among other things. Having an appropriate mix of stocks, bonds, and cash will do more to move the needle than trying to pick the best securities or managers you can find.

    Minimize costs. Fees, commissions, taxes—every penny spent covering these costs is a penny that will not compound over time to be savored down the road. So spend every penny wisely.

    Avoid taxes. Please note that I did not write “evade taxes.” While we can’t control tax policy, we can respond to it. Locating less tax-efficient assets (closed-end funds, for example) in tax-deferred accounts and investing in relatively tax-efficient vehi­cles (such as equity ETFs) in taxable accounts can help you avoid putting any more pennies into Uncle Sam’s pocket than you have to.

There are countless things investors cannot control, but we often kid ourselves into thinking we can. Avoid overconfidence by keeping this short list nearby. Give it a look the next time you think you know what the launch of the iPhone X will do for Apple’s (AAPL) stock price.

Mistake #2: Recency Bias

Recency bias describes our tendency to extrapolate our recent experience into the future. When my three-year old throws a tantrum, I tend to picture her as a grown woman kicking and screaming on the floor, even though I’m confident she’ll become a well-adjusted adult. Investors do the same. Stocks have been marching higher for the better part of a decade, so surely they’ll only continue to climb...right?

Recency bias can become particularly dangerous in bear markets. Falling stock prices can lead to panic selling, and shellshocked investors can be slow to get back in once markets rebound. There’s plenty of evidence that the psychological effects of the global financial crisis linger with investors to this day, as many of them have remained on the sidelines for much of the ensuing recovery. Remember, whether or not you are invested is the most painfully obvious determinant of your outcomes. Sitting out on a nearly decade-long rally has been a serious setback for many.

One of the bigger investment mistakes I’ve ever made can be partly attributed to recency bias. In February 2009, I bought shares of the paint, coatings, and chemicals manufacturer PPG Industries (PPG). The market was near its nadir, and this was a highly cash-generative company that had consistently raised its dividend for decades, was in good financial health, but was clearly going through a rough patch (what wasn’t?). I saw this as an once-in-a-lifetime buying opportunity and acted on it.

One month later, I sold my shares. At the time, it seemed like the world was ending, I’d made a few bucks as the stock had bounced back, but it seemed to me at the time that the market—and maybe even the global economy—had more pain in store. Recency bias got the best of me.

What began as a contrarian move by value-oriented me turned out to be a costly mistake. From the time I bought PPG shares on Feb. 20, 2009, to the end of October 2017, the stock returned 27.6% annualized. Meanwhile, SPDR S&P 500 ETF (SPY) gained about 17% annually during that same span. Having sold in March 2009, I missed out on virtually all of that recovery. My opportunity cost was greater still, as my recency bias led me to leave the proceeds of that sale in cash for years afterward.

How can we try to control recency bias? The first step is to recognize that it exists (in 2009, I wasn’t familiar with the concept). But that alone isn’t enough. Inevitably, we will be lured by the siren song of “This time is different.” It’s true that every zig and zag in the market is driven by distinct factors from the zigs and zags that preceded it. So, yes, technically speaking, every time is different. But what’s also true is that the long-term trend in markets has been positive for more than a century. Markets grow as economies grow as corporate earnings grow. This trend has persisted through countless crises. So if there’s any good way to avoid recency bias, I’d suggest that it would be to periodically look at the arc of the markets during the past 100-plus years as a reminder that every time is different, but the markets are still driven by the same fundamentals.

Mistake #3: Paying Too Much Attention

Our most meaningful investment milestones are decades away, but our attention is monopolized by the moment. Paying too much attention to our invest­ments today can put us at risk of missing goals that are years away.

One of the chief side effects of monitoring our invest­ments too closely is that it fuels our aversion to loss. Loss-aversion is but one suitcase among our abundant evolutionary baggage. The theory is that we feel far greater pain from losses than we experience pleasure from gains of equal magnitude. The tie to evolution is that Fred Flintstone had far greater incentive to avoid being mauled by a saber-toothed tiger than to order another oversize rack of ribs from his already-toppled car.

Loss aversion can have a meaningful impact on investor behavior. In “Myopic Loss Aversion and the Equity Premium Puzzle,” Shlomo Benartzi and Richard Thaler demonstrated that the disconnect between the duration of investor’s goals (retiring 30 years from now, for example) and the frequency with which they monitor their portfolios (typically at least once a year) leads to a behavior they coined “myopic loss aversion.” The likelihood of losses in any given one-year period is far greater than the probability of losing money over a longer horizon. But the authors found that annual reviews led investors to behave as if their investment horizon was a year out and not 10 or 20 or 30. This leads many to take less risk (by allocating less to stocks, for example) than is necessary to meet their longer-dated goals.

The best way to shake this behavior is to simply stop paying so much attention to the markets and our portfolios. I am a firm believer in an approach to port­folio monitoring and maintenance that borders on benign neglect. There is so much noise in the markets that the signal typically fades into the background. Tuning out the noise will also help to diminish the illu­sion of control and recency bias. In recent years, I personally have made a habit of only looking at my own investments once every few months or so. I’ve found that every time I turn up the volume knob on the market’s noise-making apparatus, it’s tempted me to tinker with my portfolio. While it’s tough to put the market on mute, I think we’d all be better served by tuning out a bit more often.

Yes i agree with you because the biggest mistake people did is that, they want to earn some extra money but due to lack of market knowledge always ended up with loss and this is the main reason that after suffering loss people then stop doing trading.

I appreciate what you said but i would like to add some point. According to me paying too much attention is not a problem because when you pay attention you became more active. Also paying too much attention can help in finding out the smallest difference occurred in the market, which would help individual to take decisions accordingly.

Mistakes are very common we do it when trading, But i tis a fact that we should learn from our mistakes and should not repeat it, in fact some time it a little make give us a very big lost, so we need to be too much careful and should to every thing so perfectly, in fact trading is a very risky way of making money therefore we need to be too much careful.

I love the number two,when most of the users first thing in mind everytime they risk capital investing here ..more of them looking for x1-5 and sometimes even x10 is what they have expected..this is the reason why we should stop being greedy and be contented enough for even a percentage of gaining,then do it again ang again for many percentage and soon it would be bigger.

It is a common thing if you are working with knowledge then your outcome and overall procedure will give you better results and the uncertainty of mistakes will be less. On the other hand if you are working without knowledge than you will face with loss and many difficulties while doing trading with people? You would not be able to contact with customers and with many things.

With learning, and some gathering of experiences, it would always be a decision one would easily make.
I remembered when I started trading, and even after learning, I still had that issue of trying to beat the market to it, but one thing with the market is that it is always going to be ahead, so before even entering a position.

It is always better to have a planned exit before then which is one thing most new traders do not usually do. Set a sell position, and monitor the market once in a while to check out the situations. If it goes higher, accept you have hit your target and move to the next one.

Obviously and not just in trading. If you start an investment and you do not get the full grasp of it or are able to know all the things necessary to play your cards well, most especially when it is a highly risky one, then such an individual will always find it very hard to be able to get the best from their investment which rather than making profit, they would be busy making huge losses as the case may be.

Most of the things that have made a lot of newbies to foolishly make huge mistakes in trading till date is because they never prepared themselves for the task ahead. As long as you are trying to do something and you do not have the knowledge or the know-how of using the tools to make you thread safely, there is no way such a person will not always end up in the negative side of things which usually subject them to emotional behaviors while trying to trade the market.

maybe ture, the greedy nature sometimes that makes us a loss while trading.
lust is difficult to control when the market price continues to rise, and we buy it at a high price instead we and up stuck at that price, because the market price goes down that gap

I want to add a few more.

Being emotional- When you can not separate your emotion on trading you will become illogical that will result in a bad trade.

Not sticking to their strategy or plan - Often people who are not sticking to their plan may result into a a greater loss.
Example is if you have a stop loss and the coin  went to that price then sell it do not hope that it will come back up, same when the price is rising if you hit your price target then sell it, it may come up more but you do not know it for sure it may go down as well. Just lock your porfit.

Mistakes and failures are part of success but if done repeatedly it's no longer good. However, this can be corrected if you educate yourself and have a full understanding of what are the do's and don'ts in trading. Never put your whole emotion in trading and expect the unexpected. Being good traders recognize their mistakes, and more importantly – analyze and learn, thus improving their skills for awareness and understanding the market.

I guess so many people at the start of their career in trading actually made some silly mistakes which we later on wish we could reverse, but we just have to move on. One thing with the market is to always know how to blend when there is a trend, and the truth is no one can ever be sure where the market can move in the next minute.

However, knowledge and experience is what professional traders use in trading the market, and if you do not have that, and still combine some silly attributes like greed, then that is going to always be an issue.

The reason why some traders do not have any instinct to trust is because they really had no idea how to trade effectively in the first place and instead of them looking for a strategy to play the market safely, they let emotions take a huge hold of them until they flop everything entirely and ended up screwing everything up. One thing is that, market would always be market and the only way to always play well in this market is never to get greedy. If you are lucky to sell into FOMO, good and fine, but you should always have a strategy right from the onset.

Hmm. You will still want to be careful if you are doing the opposite of what the crowd is doing as there may be some time, you will just have to join the crowd most especially in a stop loss situation than just buying and holding through a knife that is falling.

Although, it is a theory that has always helped long term investors and even buffet once said it, that the best way to play the market is to always do the opposite. An unnecessary FOMO should tell you to sell, and an unnecessary dump should tell you to buy. Buying is always a good thing because you will be getting another cheaper prices to enter in. So, make use of unnecessary dump.

Definitely agreed with the third and the last option. People completely ignore the stop-loss order, and that it really bad for a trader. Stop loss order is an essentials thing in this completely highly volatile and speculative assets, to prevent any further loss. The last option is what I see many newcomer traders problems, they did not follow the flow of the market.

The first one is the biggest mistake, in my opinion, lack of knowledge of the market is the primary reason why most of the newbies suffer from the volatile market. I have lost my 100% capital in my initial days of trading when I used to trade based on the opinions and tips shared in the chat box. Now, it is the section where I rarely give any attention while trading. I recommend investing time in doing research before investing money. After all, crypto is all about taking own responsibility.

Agreed with most of the things stated in the OP but IMO, being too hasty and lacking knowledge is mainly the trader's fault and could not consider a mistake in terms of trading and this actually pertain to new investors.

Even if people in the forum can read these tips, they will still do it eventually, one way or the other until they experienced it first hand and learn it the hard way. There may be some that will take a point of this and will apply to their trading decisions tho.

mistake in coin trading is we are too hasty. even when we get not so much profit, we will sell it. whereas the coin has such great potential. well other than that, knowledge becomes a pentin point in this case. most of the people who trade are just trial and error.

Even the whales are greedy and everyone is greedy but the thing with the market is never to be stupid even with the greed. I have made some greedy decisions before as a trader, but as an experienced one, I have always known how to play safe in such situations. The most things in any market is never to trade without some very good level of knowledge. It will never pay and I have never seen anyone who got to know how to trade by just hitting the exchange and learning from experience.

Till making ourselves with that level of knowledge, we must try only paper trading kind of demo practice trading only. Some people do suggest to go for low volume with small capital. But I never liked that. Money is money whether you are losing big or small. You must always need to look to avoid lose occurring situations.

certainly that is often a mistake in trading yes it is often panicked because the price on the down and it causes a small or large losses. so if my advice is better do not panic if the price of coins down again because in the not-too-long time that the price of the coin will fall back to the original

and how do you think can affect a large number of open exchanges on the pricing of coins themselves crypto currency? To date, there is a lot of project, but the market is still down there.

The good things to loose money in also a leck of patience and teory, when you start to trade before any researches on the trading topic

But it is not possible to move forward without stumbling and falling down. You should be happy that you have learnt something out of those mistakes. Don’t get disappointed in Litecoin. It is a wonderful coin. But you should have picked bitcoin for trading and stayed with it.

This is the best coin for trading as it is the most fluctuating one. You still have a long way to go and you can become wealthier, have more confidence.

Knowledge I believe in every profession should always come first and with that, you can at least start doing your thing and you can start learning gradually the more and getting more confident with experience until you are able to get a full hold of the market.

However, this is one part a lot of new traders always like skipping and thinking the knowledge will just drop from the sky as they keep trading until they lose everything. We all wish it was that easy, but nothing good comes easy.

The main mistake of most newcomers is selling on the drawdown of bitcoin. The main thing is to wait for the right moment, the market is cyclical.

Everybody did the same mistakes before, and we all know that we can not buy in the middle of the hype

How can you not be stupid if greeds get the better of you? Usually, if greed takes control, we can't make rational decisions regarding our cryptocurrencies. You will only realize your greedy mistake once you made it and it is when you will reflect on your decisions. Anyhow, we all need to accpet these kinds of mistakes for us to learn more.

Yeah we learned something from that mistakes and its also a good experience to be aware what to avoid next time. I have ltc as well and its not bad as others think just give it a time to bloom and definitely you will see the result when the market back on track again.

Greed, lack of knowledge and not controlling emotions are one of the few reasons why sometimes some of us experienced losses or failure in our trading career and managing them is a must if you want to succeed here.

One thing with most people in trading is mainly because they never learned to even know the right time to buy, let alone when to even sell and they end up getting to emotionally greedy either waiting for the best moment, either lower to buy more or higher to sell and all they do is gamble their position in the market. The first state is never to get greedy.

It is always better to make those few profits than to be waiting for a big one and then end up losing everything and entering loss at the end of the day. As long as you get the signals to sell, or there is an overbought market to the extreme, just sell.

Traders should know if that coin pump is the only result of hype , we must study why it suddenly hype and what is their next move so if ever we plan to buy at least we know that we have something to wait for, there must be a concrete plan whether to sell it or buy it, being updated on the coin progress can help us to trade efficiently.

All of what you said seems right and trading a coin is not easy especially like bitcoin because of it's more volatility but of course we can still read the market a quite well.

These types of mistakes are common among traders and most of us are aware about it but i appreciate the way you have posted this in a detailed way.But most of the time people invest in the hype period and when prices goes down as correction they start selling out of fear and suffer loss and then spread negativity about these coins.They trade without knowledge and signals thinking themselves as professionals and start greeding which is another factor which turn them down.They all need to aquire some knowledge first of all about this volatile market.

Trading’s Deadliest Sins

The following advice will be sneered at by more seasoned traders, but hand on heart, who can say they have never committed any of the following? The mark of a great trader lies in their ability to learn from their rookie mistakes. To become great, first you must become humble, and there’s nothing more humbling than buying a pumped cryptocurrency at the top, bragging about the sick gains you’re about to make and then getting rekt.

Chasing P&Ds

Watching a vertical green candle shoot skyward is one of the most pleasurable sights a trader can see – provided you bought at the bottom. If you don’t have a horse in the race, however, the envy can be overwhelming. It’s all too easy to FOMO hard and pile in with everything you’ve got. Occasionally it’ll pay off; more often than not it’ll leave you in a fetal position on the floor.

A cryptocurrency suddenly rocketing in price isn’t always a sign of a pump and dump scheme in place; positive news or promotion by a major influencer can also cause it to soar. It’s important to understand why a coin is rapidly rising though before you buy in. Otherwise you risk getting rekt. Many novice cryptocurrency traders experiment with pump and dump groups that promise instant profits with zero effort. After getting burnt once or twice, most are shrewd enough to learn their lesson and pursue smarter trading strategies.

Buying Into Illiquid Markets

For your coin to go up in price, it needs to have someone else willing to buy it. The trouble with many emerging altcoins and many small exchanges is that they have extremely small order books. You may be convinced that Sprouts (SPRTS) is the future of cryptocurrency, but unless enough other traders share that sentiment, you risk being lumped with a coin that no one is willing to buy, or at least not at the price you’re seeking.

There’s nothing wrong with buying a coin whose fundamentals you admire as a long-term hodl. In the short-term, however, these ‘undiscovered gems’ are susceptible to a lack of liquidity. Impatient traders, bored of waiting for the coin to rise, may be forced to sell for substantially less than they had hoped.

Setting the Wrong Price

Hands up if you’ve ever misread a zero when setting up a trade, set your sell order 10x too low and had your coins gleefully snapped up? When you’re dealing with altcoins that are priced in fractions of a bitcoin, it’s an easy mistake to make: you think you’re setting a sell order for 0.0000457 BTC only to discover that you actually placed it at 0.00000457. Most exchanges will fill your order for the highest bid on the orderbook at the time, sparing your blushes. Some sites, however, such as Etherdelta, aren’t so accommodating. Always double-check the buy or sell price you’re setting before you hit the execute button.

Sending the Wrong Coin to an Exchange Wallet

If you’ve mistakenly sent bitcoin cash to a bitcoin wallet, don’t bank on your exchange bailing you out. Some will, but the larger exchanges are unlikely to ride to the rescue. It’s your responsibility to check before sending funds to an exchange wallet, as mistakes are almost impossible to rectify. Other rookie mistakes include sending ethereum tokens to an ethereum exchange wallet, or requesting mining pool rewards be paid straight to an exchange. Don’t do that.

Revenge Trading

You’re pissed because you backed out of buying a coin at the last moment and it then mooned. Or you bought a dead cert – an absolute banker – and it flopped. Angry, you pile everything you’ve got into the next coin in the green and try to ride that train to Profitville. In doing so, you’re overexposing yourself and entering a market that you have failed to research.

What are your entry and exit positions? Why is the coin rising in value? You have no idea, because you’re acting on raw emotions. Revenge trading is the equivalent to catching your partner in the arms of another and then blindly throwing yourself at the first thing you can find to ‘even the score’. 9 times out of 10 it’ll all end in tears. The more you can disassociate your emotions from your trading, the better you’ll become.

Overtrading

Just as too many cooks spoil the broth, too many trades spoil your gains. It’s an easy trap to fall into, and one that every novice trader makes. You buy a coin and wake up the next day to find it’s risen by 20%. Better sell, right, and cash in your profit? Not necessarily. As the mantra goes “Cut your losses and let your winners run”.

Selling an asset simply because it is in profit is a simplistic trading strategy that’s liable to rob you of some of your greatest gains. There’s nothing more frustrating than selling a coin at a modest profit only to watch it appreciate 10x. Overtrading to collect minuscule gains will also see an increasing amount of your assets eaten up by exchange fees.

Overconfidence

On a hunch, you buy a coin and watch it double in price over the course of the next week. You repeat the process with another coin and the same thing happens. You are the bomb. You’re the man. Everything you touch turns to gold. On a roll, you pile into your next pick, which you can just sense is ready to moon. And then…and then it dumps. What happened? You got cocky, that’s what.

A little self-belief is healthy; it’s what empowers traders to go against the flow and make their own decisions. Overconfidence, on the other hand, is a surefire recipe for disaster. That’s when you disregard the warning signs, buoyed by a sense of invincibility.

Eliminating these seven deadly mistakes doesn’t mean you qualify as a professional cryptocurrency trader; that’s still years away, characterized by late nights and early mornings spent staring at screens and mastering charts. Cut out the rookie errors though and you might just survive long enough to become a pro.

You have some great points there and I did made those mistakes before, and for me one of my biggest mistake in trading is I go with everyone's hype. Telling people this certain coin will increase in a certain month with a certain amount and I'm always stupid enough to believe that it is true because I feel like I trusted my instincts and ended up buying the coin when it was at its peak.

I think the biggest mistake is the very fact that people approach it. In most cases they think that they already have some patent or secret knowledge that will make me win.

But the truth is that probably the most winners are people with strong nerves and a lot of experience. Information and knowledge are also important. However, you need to trust your intuition more than you think. And best of all, you play hobbies without unnecessary stress and have already lost a little in your life. (yes, if you've already lost a little - no matter how you win, winning does not teach!)

That's why we should not follow other predictions blindly, we have to collect information from others but we must do our own research then only we will not do such kind of mistakes. But sometimes the market also makes us to believe such news that time we can't do anything we just accept our mistakes.

Theres sometimes that we need no patience instead sometimes being panicked can help if we sell the coins instantly and suddenly drops awhile.this may result to profit because in an instance that the fall continues to happen,its our mistakes not selling ahead our coins when we can buy again when the price totally drops

Number 2. The most error of most but it remains as the most used.  ;D

Greed will always be there. Who doesn't want a larger profit? You are a hypocrite if you say yes.
The very least could happen is save yourself if suddenly a bear market comes. They want to give their all and there is nothing wrong with that. Somehow they will learn how to deal with it thru experience.

At time when you go for trading, you need to be very much careful and that you need to take every single step of yours very much wisely and after giving enough thoughts to it as one wrong decision can result in loss of a huge amount of money. In trading, there is a lot of risk involved and that if you will not make the right decision at the right time, then you will not be able to make the right profit.

1. Putting money into the trade that you can not afford to lose
2. Beginning of trading with large amounts
3. Purchase of weakly capitalized, unstable Crypto-currency for most of the deposit
4. Fixation of loss
5. Adherence to excitement, emotions and unconfirmed information in decision-making
6. Using trading bots
7. Lack of habit to follow the news and lack of attention to other important reasons for the change in the rates of Crypto-currency
8. Purchase of the Crypto-currency at the "peak"
9. Premature surrender before difficulties
10. Neglect of security issues ;)

I think this can be summarised as follows: Do the opposite of what the crowd does.  The crowd buys when the prices are high and when everyone buys, and sells when the prices are low and everyone sells. The opposite would be: buy when the prices are low, and sell when the prices are high. As simple as that, but it takes a lot of discipline not to be carried away by the crowd.
Putting money into the trade that you can not afford to lose
Beginning of trading with large amounts
Purchase of weakly capitalized, unstable Crypto-currency for most of the deposit
Fixation of loss Adherence to excitement, emotions and unconfirmed information in decision-making
Using trading bots
Lack of habit to follow the news and lack of attention to other important reasons for the change in the rates of Crypto-currency
Purchase of the Crypto-currency at the "peak"
Premature surrender before difficulties
Neglect of security issues

For sure nothing is really easy , we will have to work hard and sometime we need to work smart for bitcoin trading, we can buy low and sell high some people don’t really trust bitcoin for trading they use to say that it is risk and they avoid it but later on when they see price increasing or they see other people getting profit so they trade at high price and the other mistake they use to make it try to start with day trading instead of long time trading.

The main mistakes that traders make are:
1.   Lack of knowledge: This is the most common reason that people don’t have enough market knowledge and how to predict market.
2.   Greed: That’s the human nature, in the greed to earn more we often lose many things.
3.   Panic: People often can’t control their emotions when they see their investments falling

Not researching enough to actually know what the coin is suppose to be about. I have seen people trade coins that they have no idea of (I have literally met with someone who knew the short ticker of the coin and not the full name) what the coin is about. Just pure speculation wil always result with losing money and profits. Research day and night before investing into any coins.

That is when you buy a penny at a high price and sell it at a very low price so you will lose a bit of capital. I think you should consider before investing in the Crypto market they are not easy to make profit as people often say.

Yeah, but if your stumbling and falling down is as a result of your foolishness which so many people who think they can trade without learning at all and just start gaining experience are, then such a person should really go have sit and have a re-think.

Picking bitcoin for trading will even worsen the matter for anyone who is not knowledgeable. Anyone who is losing badly is not because of the market and they are not just getting the picture already that they are the ones at fault. Nobody became a professional trader by just starting with the chats, they started with the book.

generally a mistake when trading is on the selection of the coin because many traders are less precise in choosing a coin and they get big losses before the coins return to the highest price.

the mistake I've made in trading is when I mistakenly predict coins, whereas my prediction of the price of the coin will go up but go down very far. I lost my money for wrongly predicting coins.

It is true because trading is the very sensitive matter if you see then you will know that trading is full of profit but the mentioned mistakes some time will reduce your profit,. If you don’t have knowledge about trading then increase your information first then go for trading, don’t be rush to sell if you see the price increasing, wait for it to increase more and more, panic selling make the profit low so don’t panic wait more and more so these will increase your profit and will cut your lose.

If you have invested in a good coin or token, then there is a possibility for you to make a very huge profit, i made a fortune with ETH and trust me you can make a insane amount of money with it, you just need to have the patience to hold the coin for a long period of time.

I do agree with this part, having a stop loss in the virtual market is like suicide, the market is really volatile and anytime the  market can move in either directions and when it comes to stock trading it is an important factor but it is not applicable in my opinion in this market.

Some people are lack of knowledge they don't know what they do, new investor on bitcoin are buying on the price will goes up and once market goes down they are panic then they will sell their bitcoin at wrong time.

You are not the one controlling the market. You don't predict the price of any cryptocurrencies and it goes according to your predictions. It doesn't work that way, If this is how it works, probably bitcoin would have been on the price of $50,000 or even $100,000 as most people predicted.  And so therefore, you don't invest or trade on a cryptocurrency because of your predictions ( this is why you lose money),  you invest and trade in it because of the potentiality of the coin. Good coins will get high value and price in the future.

I think there are many kinds of mistakes traders, I will mention some mistakes that are often done by traders, the first mistake is, often affected by market conditions and easily panic, the second is not able to control the condition of patience that traders have, and the last is weak hand which means very fast to sell and attract keutungan when the price can be more than the price he was selling.

my biggest mistake was that when I was affected and made me panic when the price dropped I sold my assets, the biggest mistake I made was easily affected by bad news and easily panicked, traders should be able to control the condition in order to avoid the risk of loss.

the most often I do is greedy.
when I see the price go up to 20% I always think it will rise again, then the price drops drastically, it's very painful but that's the truth, I hope I can improve my attitude next time. ;D

the most important part of coin trading is to buy coins when the coin prices soar, so we will have trouble selling the coin much less profit, very difficult.
selling coin when the low price is also a mistake.

Patience is just one of the things you may need if you are trading well and looking forward to an outcome as long as you are still doing it right, but this is one thing you should not even bother having if you do not have the knowledge, because such a person does not even have business with the charts, let alone having patience while trading in the first place.

As long as you are trading, you should be learned and know what you are doing, trading a highly volatile market without some knowledge to guide you is more like looking for a huge trouble.

This is apt. Well thought out write up that will help members who are new in trading. If they will read and understand and apply the idea in the write up will do well. The only part that is missing is mentor. Every new trader must have a mentor.

Having a buy and sell range will makes you more profitable because you don't know when is the right time to buy or sell a coin. Now that almost all the coins increased their prices are you willing to sell your coins or just wait till tomorrow because you think the price will increase more than today?. It's hard to decide right? Then that is the time you will use your buy or sell range limit so that whenever a coin reaches a certain amount you will surely buy or sell it to gain income. By that strategy you will earn more money with less risk.

Best advise and on point advise I’ve read so far. This is what I’ve been doing while waiting for my campaign to be finished so that I can enter the trade game. While I’m on it, I’m reading this kinds of advises just to ready my self for the trade game. And so far I’ve been doing #1, to not have lack of knowledge when trading. I love how you talk about greediness here, just trust your instincts and never gamble for your greed. Trade smart if I may say.

The most important mistakes most of the people do is they buy the coin at the very high price when its on the peal following the hype and when the coins go down for its correction people get panic and sell the coins at bottom this is the most basic mistake people do in this crypto world and I have done the same many time but I have learned from my mistakes.

At the beginning everybody makes their mistakes, you can't start without it. But in trading it will also teach you lessons that you don't need to repeat, because of money losses

We are not perfect and I believe that as a trader we are maybe commuting some mistakes and we can lose a huge amount of profit but I think we don't have to be astonish becaus mistakes is part of our lif, mistakes is the number one factor that make us prudent on doing a good decision in life.

I person isn’t a trader if he doesn’t have control over his mind. When the times are getting bad and things are getting weird for you, like prices start losing and getting down, in that times you have to control your mind. If that time is a burden on you and you just failed up to show the resistance to your mind to sell everything, you will definitely be losing all what you have.

I completely trust the project and the growth when holding and selling a coin, if I find there is no progress from the team and there is no hype on the coin, I will immediately sell them rather than Holding long. We may do the following mistakes.
1. Lack of proper knowledge about the project- Complete your research about the recent updates and news on the coin
2. Learning and following the FUDsters- FUD spreaders, spread the negativity than positivity. Which makes investors panic and Many of the short-term investors dump their coins at a lower price immediate after ICO
3. Set yourselves a margin on the profit of each coin. and work accordingly
4. Buy when the prices are low and sell at a margin profit.

Mistakes should only be at the start, it is normal to make mistakes, just don't let it happens everytime that it makes the point that you'll lose your investments. Trading is risky yet when we already into it, we will be addicted to it especially if we have earned, time and extra coins to trade.

The biggest mistake newbie makes when yrading in crypto is greedy and panic. Greedy mean when the price going up he is not taking profit and dreaming will get 1000x in one position. And panic happen when market crash then he can wait untill market stabilize and make another strategy. Most of them cut losea when crash happen and loses money.

It is not easy to control ones emotions and mind under all sort of circumstances. Only few people bear such nature like cucumber, always staying cool. Others have to learn it with time and many do. To err is human. It is pretty fine to fail but giving up is something that does not run in blood of traders. Patience, knowledge and experience are gained with time in any profession of the world.

Our biggest mistake is too greedy. When the market up you keep thinking that the coin will continue to rise. so you wait. and then prices suddenly fell sharply. So you can not sell altcoin at high prices.

Greed is emotional play, that happens when you're expecting too much and too fast, even if you have just started to going into trade world

I would agree with you nowadays people are thinking this is like the past you invest 100$ and get 50000$ later it has surely changed now getting twice the return from your investment is still a huge deal for traders
Stop loss is important always no matter how much you are investing trading has always been risky not using stop loss will keep increasing your loss if it's a bearish market

You are right greediness can make us lose. Because for how many times I already experienced this I always make loses where there is so much regret after it. So, yeah I agree that greediness is one of our weaknesses that we should conquer.

Well, it is certain that at the beginning of each person in this field will make mistakes many times and this is something expected and normal, In fact, the  mistakes are important in teaching and improving behaviors and choices of trader and also help him/her to avoid the same errors again. Plus, I think the most essential thing in trading is  the control of emotions ( the self control ) because there will be many events ( good and bad ) must always act smartly in those difficult situations.

On the other hand, trading is not an easy area to earn a huge amount of money in a small period, and you must learn the basics and from field experiences, Furthermore, you should avoid re-making mistakes (hasty, greed,). Even fear is one of the biggest obstacles of trader and always lead to many losses, or small profit.

The mistake of trading bitcoin is to choose the wrong time to sell your bitcoin at low prices. You have to be patient and wait for the opportunity to trade coin in your pocket, buy them at low prices and sell them at high prices is the most important thing. To do that, you have to combine many of your existing skills.

The market is still down where?  The main stuff is how people tend to screw themselves in trading just because they are always in a haste to make profit without learning and that usually end up putting them on the wrong spot most of the time as they end up losing a lot. Speem28 got it right because no matter how big the market is and low, as long as you are knowledgeable as a trader, you will always have a very good chance to utilize the movements to your favor which is the actual benefits of trading a coin but a noob will never get.

Many mistakes may happen when we are facing sudden fluctuations of markets but when we are having proper plans to handle them quickly then we need to worry about negative market. Stop-loss must be one that kind. Moreover stop-loss is a plan but most traders are still missing it out.

Crypto trading has evolved abruptly, it's non-stop, and rapidly changing process. Mistakes arise due to lack of knowledge, awareness, and impulsiveness. Some mistakes in trading coins are chasing pumps, it's buying coins when it is at its peak, not thinking that the increase in price is accompanied by some pullback, so it's better to check trading volume. In addition, not knowing your investment, devoting yourself to doing research on which you plan to invest is a much, knowing the stability of the project, the team, and the advisors. Never be afraid to fail, it's the best way to learn something new and to develop your knowledge, it helps to decrease the risks and downsize the mistakes.

More than 50% of the people who are into trading will be having the same experience, this is not easy and I have also experienced it most of the times. I just do things out of being greedy and after I start to regret what I have done. But as time goes by you start to learn how to control your behavior and be more perfect. And as for knowing how to stop loss, well, for you to do that requires monitoring your trade most times to when things are getting dumped and you can immediately click on the stop loss.

Evere persons do mistakes, when they trade

We all go through a lot of struggles, failures, and mistakes before we get to where we are headed for us to be more learned and mature enough to face the reality of life and crypto is not exempted from it. Most common mistakes are selling at inappropriate times or emotion-driven selling, and not being up-to-date or uninformed. Don’t get too excited to invest more money than you’re comfortable losing. Be informed with the industry news, missing some important news and events could shift without you even knowing and affects the trading journey. Experiencing mistakes are good for us to become a better and stronger person, but if done repeatedly it's then quite alarming and needs attention to address the crisis.

when trading, usually the wrong person's mistake in analyzing coins including sennior is the same, but the key in trading is patience. if you do not have it, you will run errors continuously

But the fact that there's still some that didn't know when to have a good entry and exit point. So let's make it simple, sell when you at least profited like have a target percentage and buy at ladderized like buy with just 40% of your capital and 30% and so on and so forth,in short don't go all in. In this way you can minimize your losses and maximize your profit.

Learned my mistake from being too hasty. There should be really faith in one project if you really supported it from the start.
I have a bad look or a bad knowledge about the token that came from outsidr and sold it for a good price. (That's what I thought)

Then a sudden bull came from that coin making it triple in terms of USD exchange.
Good thing I bought back before it went there but I dont have that much amount anymore.

You can see that the market has been fluctuating continuously over the years and it is hard to kick, the prices of bitcoin and altcoin knit continually increase, that has pushed the market up again and made you excited. Mistakes in the transaction. Too much victory means you do not follow discipline, too greedy for failure in trading, "greed and fear" you always have to fight with.

You can see that the market in recent days is constantly changing and very complicated, bitcoin prices are constantly increasing and that will make you subjective and profitable in the short term. Some of the mistakes that we encounter at this point in time are greed and failure to follow the discipline and plan we have set. That will cause you to lose money and if profit is not profitable will not be high.

As for me, the biggest mistake is trying to find easiest and fastest ways to gain profits, that may be crucial.

Being in a haste and having lack of knowledge is what most newbies face whenever they get into investment. I have even found myself in such position several times when I was still a noob. Despite I had no experience as of then, I still rushed into investments due to the price is going high and I feel like I’m already late and losing.

It’s not easy to control yourself, it takes time before you will be able resist the urge of rushing everything. As  for being greedy, nope, I’ve never been greedy when it comes to whether online or offline investments, I do mind how much I’m investing cause I don’t trust anyone.

Our mistake is to sell the coin at a fairly cheap price. They may increase in the future, but because of fear, we have decided to sell them at such prices. That mistake led to the regret of many.

They would never make that mistake of buying at the peak when they are learned but since most traders today always skip that part and they are always in a rush to make money which is the idea they got about trading rather than holding, then they flop badly and end up losing all, only to come crying and telling us how trading is worse. One will never do well in any profession as long as the person is not skillful. Trading is a profession and until people realize that, they will never stop making silly mistakes when trading.

If you are good in finding easier and fastest way to make profits by buying and selling any coins then there could not be any mistake in your way of trading. It is not possible for all the times but time to time you may get such chances to make use of them.

Do not trade against the trend. This is only for the experienced.
Manage risks. The goal is not only to make a profit, but also to avoid losses.
Do not use borrowed money.
Manage emotions. It is necessary to keep a diary of the trader with the analysis of trades.

Persistence/Patience would really be the main factor or needed on doing trading because these things will help you out to avoid such decisions and might able to avoid on getting wreck or suffer big loss when you do start up.Always mind on searching things related to this one because if you are that type of person you will easily learned up and have awareness on this trading world.Mistakes might cant really be fully avoided but somehow we can able to less the risk basing on what we have learned.

I think that he main mistakes are those that are made because of the lack of knowledge and basic skills of trading as well as an inability to stop. Don't be a gambler when trading and everything will be fine

These things seem to be simple but difficult to do for new entrants to the market so I think that in order to do well and succeed in the cryptocurrency market, investors need a lot of time. to experience with it. Learn from experienced marketers, which is great to help you succeed.

Yes that right, i have did all that mistake. Greedy is human nature that really difficult to control it. Not use stop loss is my biggest second mistake, become professional trader need long process not to increasing the knowledge about technical and fundamental analysis, but long process to  to manage our emotions. I did same mistake everytimes because this human nature is really hard to manage it.

Yes, we can't control our emotions panic selling our coin is a mistake because we can get losses.As a trader, be aware and presence of mind as always before trading think at first what will happen so that not to regrets.Don't be clamsy when trading because its hard to recover losses.

I want to add some point about stop loss , Using stop loss is a good idea but don't put your stop loss too narrow , Most of the times retrace passes the narrow stop loss and usually it comes with losing money!

This is the beauty and major drawback of the crypto market that you never can predict exactly the future course of your coins. We all know that there are a huge lot of people who lost good amount of money for being impatient in trading. What I feel is that we should sell off our coins when we are earning 10 x profits from them. This is the only strategy to ensure that we are making certain profit.

The biggest mistake for me is to deal with a single coin. Do not resist to get many of the altcoins - it will give you more chances that you will be not a loser.

Not just in a one basket take it to any other coin that are having potential this may also have to be more practical take all the chance to be trade with a profit everyday.

But it is difficult to determine the stop loss, must have many years experience in the new market easily identified.is easy but doing is extremely difficult. So let's improve our experience every day.

I dont know how to change my mind when trading, greedy is my big enemy in trading. I try to change it but my mind always thinking the price will going up and up again, and finally turn in to bearish. Need a few years for me to learn more and manage about my psycology in trading. Hopefully by continously learn how to manage that emotion, i can make good profit in trading later by consistent.

My main mistake in trading is when I depart from the trading plan, in which the entry and exit points are prescribed. Usually this leads to negative results. I try to eliminate mistakes, but it does not always work out.

Another common mistake which people often do is they listen to other people and dont make their own research. I f they buy something they sell their bag when most of the people are selling and buy again when most of the people are buying. They dont make their own strategies and follow the trend for little profits

good point , just some more extra mistakes :
1. Don't put you stop loss too narrow
2. don't measure the depth of a river with your both legs
and the last thing is
3. losing is part of trading , if you don't expect to lose at all , you've got it wrong.

I think that exactly the lack of knowledge is our greatest enemy. You have to learn a lot before you start trading, otherwise, you are supposed to lose everything.

3. losing is part of trading , if you don't expect to lose at all , you've got it wrong.

This is the factor i do see on where most traders or on new ones who do make trades and they do expect that they wont make any loss. This kind of mentality isnt fitted for trading and its really wrong to have that expectation because losing is an inevitable thing.Trial and Error would really be experienced therefore you should really know to adjust yourself no matter what instances you would face off along the way.

The mistake that i made oftenly that is the second mistake, the goal is too big profit (greedy). it is hard to control our emotion when the price getting higher, i often wait and wait more then the price fall again drastically and i sell my coin when the price down. I won't repeat that mistake, i try to be satisfied with little profit.

The greatest mistake here is to believe in your luck and avoid self-education. to become a successful trader, you should get knowledge. learn everything about the market, learn the terms that are used here, study the crypto world.

There are some things that are too basic:
- Lower your trading frequency.
- Be serious about the market, otherwise, you will not get the money from it.
- Placing false positives can destroy your account.
- The market is always moving farther than you think.
- Take risks and keep your confidence.
- Trust your method.

One of the mistake is to buy at high price and being too hasty to sell even when the price is low, it actually takes patient to avoid this mistake.

trading is a round of experts and numerous individuals did not have any desire to invest energy learning and build up their abilities to exchange experts. I have invested a great deal of energy to demo exchange and one of the significant missteps I made some time is clicked purchasing when really my choices is to click offering. Error are band to happen yet the experts presently how to oversee it further bolstering their good fortune.

The biggest mistake when trading coin is overheating, can not wait for good price and so will sell at unreasonable price, low price makes your sales quite low. So consider the market is hard.

mistakes when trading can occur because they cannot control their emotions when they see price changes down, so they sell their assets without considering other possibilities

A lot of newcomers here in crypto seem to have such mentality. Perhaps the biggest force that pulled them into crypto is not the technology nor even the future of crypto becoming the main currency of the world, but the misleading promise of easy money. It seems they have got it all wrong. They might be thinking that the road to becoming rich is easiest when you get into cryptocurrency. They are definitely wrong if they thought of it. The result of such mentality is panic selling.

I would also add here the item "Trade in emotions." Most traders lose their money precisely because they trade on emotions. Therefore, this item should be the very first.

Sometimes many trader aims too high. They want to have 100% profit on the coin that they are trading. Even if that coin don't have a good future.

We neglect such thing to happen, in fact we've been experiencing it before we came into of what we are now. All the mistakes we have been done could be a sort of learnings and from that we became strong and not afraid to face another challenge. Though it is risky but I've found myself comfortable.

Yes there are many mistakes when we trade our coin and as you said one of the reason why we mistake in our trading is because we are lack of knowledge on how to trade this is the most common mistakes beginners done they trade their coin without proper knowledge on it they do not know if the coin have a potential or another kind of shitcoin. so let's always have a look background first in our coin before investing on it or make trade.

I agree with many comments above in which it was said that the main mistake in trading coins is greed.

One of my greatest mistake is doing stoploss. I don't know why I followed those so-called pro traders that does that. I have sold all my altcoins with a great loss because I could not bear it anymore but to my suprise, a bull run happened after a month where I still could have made 2x if I just know what I am doing.

I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.

In trading we cannot depend on our luck for every time. we need to have good experience and trading skill, which no doubt increase the chances of making big money in trading. Luck is important but it only work in gambling where experience and skill to no carry any meaning.

It is too big a goal and greed.
Having the initial victory will make you greedy. Not that 20% a month but rather x2, x5 for a few days or a month. You start to buy small coin despite not having any information about it with the BTC style has grown a million times, this kind of increase, not a dozen times. That is enough, equal to the point that. I just want to share that most investors, the long-time trader only expect a monthly increase of 30% of their assets is too happy.
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.

if luck is really affect in trading, i am sure that person will pick gambling instead of trading. i agree if in trading we can't believe on luck, but actually sometime that is happen even rarely. like for example, when XRP down a lot and then back to normal price.

When the goal is to big and unrealistic, you are already in euphoric state and you are nor been logical and strategic. Another mistake is doing all the right thing on a low quality coin that is going no where!

When you trade, you can make a lot of mistakes starting with the wrong choice and ending with the panic sell. Day traders make more mistakes that the other guys that are dealing with the cryptocurrencies.

Most common mistake of investors is being to greedy even though they lack knowledge on how the project started, the individuals involved in the campaign. They still invest tons of money because it's hype and other people are buying it expecting immediate gains. Then if they get scammed they blame others.

5. Too much business input.
Smart input can make your business succeed, but it also fails. Ignoring it can make you lose the chance for success. Conversely, too much input is also dangerous. Expand communication with investors who have experience, especially those who have succeeded in the field you are currently engaged in.
Suggestions for you, choose a special business advisor especially those who are engaged in the field you are currently working on (remember, not in all fields).


Well this's true once even they don't hesitate to blame bitcoin and say "that bitcoin is SCAM" when in fact it was he who was wrong because he didn't understand the true performance of bitcoin.

the mistake of trading in buying coins at this time is that we put up a small price, we should now put up coins that we will buy with as much so that in the long run we can get a lot of profits.

Normally, greed and lack of composure are two attributes centered on ignorance. If you know you have what it takes in terms of knowledge to do it right, you will know when to always be in the market and when you should be getting out of the market. However, the fact that some really do not have trading knowledge but they want to trade anyway, makes them subjected to them gambling without even knowing and with that, the possibility of losing a whole lot is very much guaranteed.

Yes, luck is rarely happen and only a few people can be lucky. Actually what we need is a good analysis, knowledge and strategies to make profits. In every gambling and trading require all these three in order to get the planned profits.

These are indeed mistakes that people can make in trading. Some persons chose some trading options even without fully understanding the parameters of that option chosen. That is why they end up loosing when anticipating to make profit.

because day trader forced to get profit everyday and change to other coins.  when coin that day trader bought got stuck, they will think more how to get profit and not stuck longer so they can change coin to buy. i think that is the main reason day trader will end with loss instead of profit

First of we need to understand the differences of gambling and trading, the role of luck is vital but in trading we can't say we dumped due to luck. Saying this will be improper, it will be absolutely injustice. If we see such comments in case of trading it mean it is referring to a failure and weakness of a trader which may be analytical or strategic. Also I want to add one more thing and that is implementation. Sometimes we fail to implement strategies which cause us loss.
Knowledge is the first and far-most thing required to trade, if there is a lack of sufficient knowledge it will ultimately lead to failure. I think management is most important to bring profit to your portfolio. If we have all the knowledge, analysis and strategies in a scattered or raw form we could never succeed if managed and implemented improperly. Our focus should be implementation to get good results.

Investing in the cryptocurrency market takes many forms, but there are still many risks that investors need to capture in order to be prepared for bad situations. The market is fluctuating so need to monitor the market to the next direction.

Absolutely, it will end up into nothing if you never take time to study market trend of a certain coin that you have plan to trade with. It is really important to understand it's flow so it help us to guide and take actions when it is needed. Definitely, a lot of people get failed in trading just because the just ignore these and do trades directly.

Yes we all have experienced this mistake but from it we must not give up or hopeless, we must keep going on and not fall for the same mistake. Learning from mistakes is a good knowledge for ourselves. All depends on each person.

I think all newbies trader include me was doing all that mistake, and by this mistake we should be keep learn how
to be more expert trader.  Make profit by consistently from trading is not easy and many pro trader was make it in a few years.

You may not blame them

as some of them is not keen on day trades

they could made mistakes only with the wrong coins they hold

Fundamentals is the key when holding or for the long term investments

I believe, trading with your emotions can be one of the culprits of losing some of your investments. When you are trading because all you have feel is FOMO, you're really in danger of losing your investment when the market will crash the next morning.

Everything depends on the choice. In case you invest in the wrong cryptocurrencies, very soon you will understand that you lose. Follow the market news to know how to pick tokens.

it's a bad experience, I don't think you are alone. many traders who have difficulty in the beginning.
the hardest thing is emotion is an important part to be trained. of course by staying in any condition, and finding the key to continuing to understand your trade.

The biggest mistake in trading bitcoin is to follow emotions. Emotions get rid of common sense, meaning that the brain is not used because it is pursuing big profits in quick time. According to emotions, indicators have been ignored. While bitcoin trading is like analyzing price swings, swings have only one direction: if it doesn't go up it will definitely go down.

Beyond these issues. My personal mistake when trading is the psychological problems.
I am very hard to control his psychological and I think most people are like that.

mistakes are all, there is our own, rushed, emotional, and greedy. Why can I say it like that, because we also want to get a lot, even though if it is sold now it's already a lot of profit, but it's still lacking, and waiting again, and finally, the price goes down and it doesn't sell, it's our fault.

For sure you're learning from your mistakes actually, and trading that wrong crypto coins exactly provide you enough knowledge despite of the heartaches felt because of that mistakes. It's always good to have full knowledge on what you're investing of in trading, and their roadmap for
the crypto project is the most important thing when you wanted to choose longer terms coin trading.

This has changed since I believed in my own analysis, I made various comparative analyzes of various signals and other sources, and that will shape the perception of absolute decisions.

Emotions and greed in trading cannot be avoided, but can be prevented when momentum really comes in one period. Take advantage of both things as best as possible with the right decision, because after all we are the determinants of our own assets.

you do it well, your trading experience has formed a consistent trading style.
so your emotions can be controlled because the attack can be defeated. a kind of greed will lose with gratitude. I think all traders must understand their own level of emotion.

So stressful is i getting mistakes in trading coins but now we need to still wait before the price of all altcoins will recover for their prices.

Greed is the undoing of many trader.  The moment you can effectively manage and control your greed,  there will be little mistake that you will make.  But you will likely trade safely and be content with your profit!

The biggest mistake in crypto is that you lose your money by buy at high prices and panic sell when the market drops. Trading are always risky and you must have experience before you start investing in this market.

Another mistake when you are trading is to think that just because you have a large capital you can incur more losses, I have seen people like this in the past and they lose all their money very fast thinking that their money somehow protects them, this is a false sense of security, it does not matter if you have a small capital or a big capital you need to protect it because making money in the market is not as easy as many people think

From my personal point of view, being greedy can cost us a lot of money. The rest as not using stop loss, lack of knowledge, trying to resist the trend is absolutely impossible to determine in trading.
With the use of the stoploss command, I have seen quite a few candles that killed the stoploss orders as the market started to rise. In 2017 when the uptrend can see many investors have to pay for it. BCH sideway at $ 300 and steadily increased to 2k.

With my lack of knowledge and understanding it is not so important for the cryptocurrency market. Why? Since this is a game of emotion, we need to be patient and alert. Of course, everyone should prepare the basic knowledge and practice a lot. For me to be successful in this market you have to let the market up, do not let the books up. Wish you luck with every investment decision!!

Greed will really eat you up. This happened to me when I bought ANT (now NEO). price is really low and then when they changed the name to NEO the rice climbed to $100 and I hold on to it thinking that it will go up further to $150. I earned a lot if i sold ny NEO at $100 since I bought ANT only at below $10. Now look at NEO's price.

That can happen, hope that we learn in this kind of mistake.
We have to stick with our target, maybe the problem is you do not have a target and you are enjoying the price skyrocketing.
I still believe NEO will be back at that price but it will take time for sure.

not depend on choice but it depends on your skills and knowledge, if you are skilled in doing market analysis, where are potential coins, and when is the right time to buy and sell. then the risk can be lower, and the possibility of mistakes is minimized, keep up your skills and knowledge dude

Yes it is part of life, we always make mistakes but the good thing is to learn from our mistakes and do not repeat them. I have already make too much mistakes in trading and missed golden opportunities of making money, but still I am happy that I have learned too much from my mistakes,

All above is some of the my mistake when first try crypto trading, even i dont know how stop loss feature work on the exchange.  So for beginner trader should be learn first how to minimize the loss from the wrong trade. Use stop loss become the most important in crypto trading because the price very high volatility.

The biggest mistake of many people is the lack of the knowledge. they do not know anything about the cryptocurrencies and hurry up to invest. You need to read carefully and know many things!

When trading coin, many things will be experienced, such as analysis errors or losses that occur. But like other traders there is always a solution to overcome, namely by learning. Learning to understand coin price movements, or trends that occur when certain events affect prices. Learning will certainly be smart, and often profit.

I agree to do number 2 the goal is too big that's the reason why the trader who are greedy is losing money instead o earning a lot of money. I suggest before do anything make sure that you are know what is the possible result of thay because that's only way for you to not lose your money or investment.

of which all of the mistakes you make seem to be something that you haven't mentioned yet and that's the most important key to being able to get a lot of profit, the error is that you can't control the patience you have.

Knowledge is a must before investing in anything also another thing is that people invest when the market is rising or is at very high. Like currently market is on low so one is investing which is the right time to buy as well. But say when it rises then people will buy and it will crash so this users will end up in a loss.

We should not expect too much always because we will just lose hope and faith if we didn't meet our expectations. We are trading coins that doesn't have value, we should be aware to the potential of the coins that we hold for us to know if it is good to trade or not. I lose now most of my money due to trading shitcoins,  I always expect that its price will go moon and it is the reason why I lose.

That all is my big mistake, greedy, too confidence and did not use stop loss will make us failed in trading activity, so before jump in to trading make sure we can manage that emotional and already has risk management. Alot of my friends has been loss more than 90% in trading because of this all mistake. And others important think to understand is how to analysis the trend of market so we will enter and exit from the market with best times.

It is our knowledge and intelligence in reading market situations. In calculations, when we have good experiences, we will be easier to make decisions. Such a situation does require capabilities and abilities that can be learned when we have the willingness to learn something new !!!

I always have a plan and a backup plan, which contains the target price, it will make me know when to sell, and of course to avoid greed,
because I know every trader will want the biggest profit, but they forget that prices can fall anytime.

to be honest the mistakes have to be easily cleared by us when you are listening the people what saying about your mistakes and it will be easily clear while making money and getting use of it but it takes a time of period to be solved.

The big mistake is when you open a buy order without doing your study about the project of the coin. Secound you should look at chart and evaluate the real low and high price of the coin.
If a coin is in top i never open a position. I wait for good chance.
In general every day thier is a chance to gain but that need to learn how to trade.

therefore traders must know so far that many make them feel lost or a mistake that often occurs, because greed will make us lose money or difficult to succeed in trading

In addition to it I must say it is better to be careful than making mistakes and learning form it, the only mistake which can make us duffer in trading is panic selling and buying high, avoid it and don’t be emotional even If you are stressed or depressed just be positive and be wise, take your time to take any step don’t rush to earn profit.

mistakes that often occur traders are not able to control emotions and always greedy too, because in trading if you still use these properties will certainly not run smoothly. because these two characteristics must be discarded and avoided when trading

Mostly greediness is what brings us to failure.i remember when i was newly in trading that i always chasing for larger profit and in the end losing is what I’ve got,your good in this advices maybe if many will read and adopt all this to their respective actions for sure profit will be on their hands

there are lots of traders who can't control their panic and can't calm down when they see prices suddenly fall and they panic, lots of new traders like that and that will make the price of coins in the market go down like this.

The most mistake is the one you have listed and that is knowledge: many traders came into cryptocurrencies market because of what they hard from other people that trading is profitable without adequately spend time to learn how trading work.

If we learn anything before entering into trading it will not be in a hundred percent learning for starting a trading and you will need to be do it practically and make your experience more comfortable then only this finds will helpful for you to trade properly

I disagree with your # 4 opinion. Going against the crowd really gives a different result. Your example is quite lame and it is not fair.
going against the crowd means going against the crowd's thoughts and actions at a certain time.
I have made mistakes twice in believing in the thoughts of the crowd and believing in the predictions of analysts.
At the time of February of 2018, the BTC price suddenly dropped from $ 9k5 to $ 6k5. Everyone believed that this was the end of the crypto market and there were 4 people in my group who gave up. And I thought the market would soon come back at $ 9k but I didn't dare buy 3 BTC because my best friend said that the market would last for so long. (he has experience in investing in crypto market since 2014)
I was afraid and did not dare to follow my thoughts. and after only 2 days, I was very disappointed when I saw the price of the BTC really increased by 9k $.
The lesson is to follow what you think, but need to analyze it before doing that. Don't try to be different when your knowledge is limited.

I think that despair is a classic error or when you see a candle in favor and you enter at that moment thinking that you will lose the movement, you can immediately back off because they are traps for the unwary.

yes, I really agree with what you say. however proficient a trader is, he even has very good experience in trading, but if he still uses emotion and greed, all the experience and knowledge of trade that he has will be in vain. and he will fall into a loss caused by emotion and greed.

In bull market alot of crypto will going up more than 10times just afew month, in that times we can be agreedy trader but we should be also have strategy to minimize the risk and to lock the profit by use stop loss and trailling stop. So risk management is the most important thing in trading.

Yes I am sure it will rise very high but at the same time if we will be greedy to have fast profit we can lose our money and turn our profit into lose so better not to mistaken ourselves and keep holding to trade fro long term, risk is normal thing to take for any business but in case of crypto investment we can minimize it with patience and our knowledge before trading.

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

Yeah it often happens in trading, when prices go up people want to wait for the highest price so they can make the biggest profit. even though prices can stop and then fall, to avoid that kind of mistake, you need a plan like a selling target. and so for target stop lose when the price falls..

That's not a wise mentality, we should only trust ourselves in trading, some people could be telling the wrong story and a wrong prediction, they
could be bias and they might not be as good as what we are expecting them to be. It's alright to consider other people's idea but not to the fullest that we will reach to the point that we will rely on them.

I definitely agree all points when mistakes are happened this will be the reason when we have lost our money in the trading time but more than that any something will be needed for being and good trader and making money and distantly I definitely trust that.

Number 4 is very vital for me - Don't trade against the trend. This is key. On a few occasions that I went against it I was punished. If you follow the trend, even when you get in wrongly you will still recover your position and make profit.

If we go against the trend means we create our own buy/sell orders and it makes no effect and the price gets opposite than we think. In trading we should not actually go with the flow but go with the trend. Going with the flow can make us fall in fake dumps/pumps so should stay cautious before following someone into trading.

To avoid this kind of situation I only can say that never trust anyone without any authentic proves and also don’t listen to those who are only discouraging you by sharing their fake predictions, you only need to listen what other says but never listen or act upon everyone, it will mislead you and you can lose your money for panic.

yes definitely these are the common mistakes made by lots of newbie and sometimes the experience the people also do some mistakes while trading but it can be corrected very easily so don't worry while making mistake because mistakes are the way to success.

Yes . not only noobs do mistake but pro and experience traders do also experience mistakes at most times . mistakes are not bad . mistakes is normal and can happen to all of us because we are only humans , we arent perfect .

Mistake is also an advantage because it can taught you a valueable lesson in life . that lesson is to not give up easily. Most importantly , mistake can give you an experience that you can use in order to build up and improve your self .

Copying people's view towarda the market really sucks, its like depending yourself to them and whatever happens to them so will does to you. we should trade at our own will and be mistakes our own learning.

What I believe is that we should trade when the market is trending upward and not downwards.

In many cases, people who lose in trading are the people who start trading and selling their coins when the market is going down. The fear of loosing value make them sell or trade and this is what makes the pessimism and do not allow them make money. What needs to be done is that one should go for trading if there is prospect of earning a next dollar, not loosing the existing dollar.

Thanks for this. I agree with all your tips most especially with that no. 4 tip. I will surely remember to resist the trend. Somehow, this is my mistakes. Whenever everyone is on that way, I follow the trend which also makes me lose everything. Seems like it is just a trap and everybody falls for it and i had to escape right away. At least, I have learned something from your tips, mate.

A smart trader would think that way, you learn from your experience, especially your mistakes.
Newbie are most likely to get FOMO or victims of FUD, that's how the market works while they dump, smart people will buy, just be on the right side.

I am one of those who knows how to take the advantage from opportunities, like if the price is low you can buy instead of being worry and sell all at panic, there are two ways when the price falls, buy more and sell high but wait until it happens or sell all at panic and suffer lose, I prefer buying and not to take any risk of making mistakes.

I think that my rich experience in the trading world made me learn to overcome 1-3 but the number 4 is what I put at the top. Sometimes it's hard for me to do that like when everything drops off then I should buy but I sell, and then when everything is buying then I also buy. The trend often tricks me so I hope that I can master it finally before the real bullrun commence.

And that also happens to traders too, a lot of speculation and predictions are in this forum, and stupidly many people who believe that
prediction, even though that is not necessarily true right. so that what happens is the trader follows that and get loses

Predictions are different, you don't have to follow them blindly.
Make your own analysis and prediction, prediction alone without a good basis should not be something to follow.
If we are a smart investors and traders, we should not decide automatically, we should give time to analyze it.

I've been a victim of FUD's before but it never have in my mind to quit from here. It is better to have some experience like that, in fact I've learning by then. This important to understand how crypto works, we can be easily affected with the FUD or any bad news if we don't have trust with. That is why we should have to analyze everything and so we can minimize our mistakes. 

What puzzles me and end me up losing my funds is that I cannot identify if a coin is overhyped or not.
Most of the times I believe that some positive news that have been published has pushed the price upwards and that this can be stabilized somewhere higher than the price that I bought.

But the problem is that many coins have fake volumes and people just pump and dump for their own profits.

have you got a way? if a lot of coins have fake volumes like you say. I really want to know if there are still many coins whose volume is fake, and this is also of interest to me so that later I will be very careful if the coins I get aren't fake volume.

My mistakes is my worst nightmare last two years ago, that time when I sold half of my asset during bull run and expecting the 50% remaining to increase further. But it was all frustrations at the end, because the price of my holding doesn't grow towards uptrend movement. As I've observed several past months bitcoin also declined form top price towards cheaper value which also made my holdings gained very small price which can be considered centavos per coin in equivalent to fiat conversion.

well, in general, we all almost make the same mistakes in trading. of course I also have the mistake that the greed that exists in me makes me always wait for a very high price. well, that makes me realize now, that when the opportunity has come, then take that opportunity.

Errors in trading are very different. And the most annoying mistakes is the basic carelessness in the design of transactions. A novice trader can easily confuse the prices of supply and demand. This happened to me when I first started this business during my training)))

Perceiving mistakes will help to widen your knowledge and awareness to evade from doing it again. Furthermore, we encountered the same mistake and it is up to us on how we handle and adopt it in appropriable way. Learning from our mistake will lead us to become more competent in trading and it is a bright way to earn more viable coins.

Anyway, the only reason to do wrong is not inexperience.  Sometimes the wrong decision, fatigue or other things can be reason. You will learn when you lose due to ignorance, but if you lose because of fatigue, it will be more sad for you.

We started from this errors, until we learned a lot and start to earn money. Trading is not easy to execute, it needs a lot of patience and study so you have to take this seriously. Until now, trading makes me feel unprofitable sometimes because of wrong decisions but I know someday, trading will become my major business and I'm working with this one now hopefully to succeed on this.

I think the mistakes that often occur to everyone are those who can't control their patience, making them easily panic and unable to enjoy the benefits of not even being able to benefit from trading.

That's  the reason most of those newbies really loses their money as they easily being moved by fuds, hearing or seeing artificial dumped
causes them to sell out and allow loses to take place, there's a lots of things that's needed to assess and learn from this industry, best to
take your steps little by little.

Apart from it the only thing I consider as mistake is that people use to listen other people, they never waste time for own research which is very important because those type of lazy people most of the time suffers lose, they buy coin at high and without thinking they sell when most of the people sell who are mostly the whales and scammers.

The article is very beautiful in terms of content and narrative. Especially when I think that many investors lost money in today's market, I think that the stated factors explain why money losses are experienced in the best way. Many new investors need to read this article and investigate in detail what needs to be traded. The reasons such as the operations carried out in the case of panic, the not using stop loss feature and the investment taking some investment advice from some people are generally among the reasons the investors suffer the most.

most of beginer investors want get money instantly.they didn't care about its progress or even forget about it.maybe spending time to observe just will waste their time.meanwhile our experinces in analizing and observing will very usefull someday.

Well everyone can make mistake when they are new, but it makes us good traders and gives us lessons, I know it is not good to be greedy for quick profit we will have to keep in our mind that waiting can help us reduce the risk of lose, according to me the mistake which can make us lose our money, is buying at high price and then instead of waiting and they get afraid of falling price and they sell at panic.

Forgetting to take profit has always been my main problem when I trade, I keep altcoins, even when I know that they keep pumping and dumping. Another problem is buying a coin that's already have been pumping. I see a coin I was thinking about buying a few days ago, and now it pumps, and then I buy in too late and don't make any profit.

Lack of knowledge, lack of patience and not having a trading plan are some of the mistakes when trading coin. Never involve your emotions in trading, it totally affects us and completely disturbs our plans and actions. Continue to explore and learn more, do research and don't be afraid to fail. Effective traders are open to challenges and learn to acknowledge their mistakes, analyze and learn from them, because they know that it can improve their skills in understanding the market.

Right is a fundamental mistake. Because the market is always fluctuating, sometimes it makes them unprepared for prices that fall suddenly and are beyond their expectations. This error is often experienced and repeatedly happens to every investor. Patience is difficult if you don't believe in the coins you buy

Taking too much time for adopting to the market condition is also one of the biggest mistake of traders which causes them to stay away from huge losses if they can read the current market situation early and for that buy or sell accordingly.

Lack of knowledfe is really a common problem for all newbies. Tbh,i am also a newbie and entered this sphere around 3 months ago.But i have really strong willing and it helped me to develop me skills. Btw , i read really useful article on related topic on Monfex. Check it out.https://www.monfex.com/academy/how-to-develop-a-successful-trading-plan-139

The big mistake that leads to big losses is inattention. The cryptocurrency market is so volatile that it is almost impossible to keep track of everything. Nevertheless, professional traders are required to do this in order to make a profit. The strategy is also very important. What do you sell? What is your goal? What currency is it profitable to work with now? Do you understand that you can lose all the money invested in cryptocurrency? It is important to consider these factors before proceeding with trading.