Bitcoin Forum

Here are some interesting facts about trading I stumbled across from CryptoCred which I think may be helpful
Common error to avoid when you day trade, I modified some to reflect my own opinion.

1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.

2. Never using a Stop

3. Not having a plan (Risk/Entry/Exit/Stop)

4. Not sticking to your plan

5. Greed — risking too much/not taking profit

6. Being too emotional about a trade.

Plug these equity drains & increase your odds of being profitable.
 You could add to the list and make better trades

Haha I do the last one so often. After many years I've started to treat BTC like something familiar. Like that picture you have on your desk that you never want to get rid of. That's why I always trade only a small portion of my coins and hold the rest. I doubt that I will ever sell 100%, even if it goes to 100k USD one day.
Of course the points are good and important to remember.

Number 4 is relatable, as I always actively avoid sticking to my plans once I see that there's still a huge room for additional profit and improvisation of technique. It's not really 100% guaranteed that the plan will work, and it's unavoidable to see opportunities along the way and not getting it. Most of the time, not sticking to my trading plan leads me to more profits than I initially visualized but there are also times that I lose instead of gaining something. Much of these errors are somewhat relatable since we've all been there at some point ;D

Funny I have the same issue.  I also have an issue with 5.  I have the tendency to not stick to my plan when it pertains to the amount I'm putting in.  Feels like a punk move not to go all in so I spend most of my day freaking out since I have all my portfolio riding on one alt coin half the time.  LOL

1. No it's not a trading error. Didn't you know that trying to get back what our lost is a big challenge for us. But of course, it should be done by proper analyzation and good strategy and not just you want to chase the loss in a short period pf time. Ive always been in the situation like that and Im taking it as one of my good accomplishment if I managed to get back what is loss.

2. It depends.

3. Does people really enter trades without a plan? :0

4. Plans are meant to changed depends on the situation. It will really changed along the way. That's why it necessary to have a backup plan for different "what if" scenarios.

5. This is what Im agree especially in an altcoins. This happened a lot of times now. At most of the cases,when alts experience a tremendous 100%+ increase people still hesitant to sold some. Instead they are buying during that crazy pump without realizing that in a blink of eye, there is chances of sudden fall. And what happened next is rest of history........

6. It's normal. Who doesn't feel emotion when doing trade? What matters here is, we can still think properly and cope with our strategy even how stressed trading is. If not, then that's another story and I suggest to stop trading now.

The emotions are what I struggle with.  I have full on adrenaline pumps the same as if I was in a car accident or jumping gout of a plane when I get movement.  I have learned to ignore it but the emotional impact happens for me every trade.  I also trade because I love the rush!  SO its a love hate thing.  I have become a better trader once I got myself in check. 

Those are definitely some good tips to keep in mind. I would say especially being too greedy and/or emotionally invested.

Its a good advice, simple but its a a good lesson, chasing the lost in trading is a dangerous move, most of the people thought that a good trader is a trader that never lost money, but the truth is a good trader is the trader that trade using analysis and logic not using hunch, and I disagree with the fourth one, I think trading must be flexible especially with the fast moving market when you see the opportunity you need to grab as fast as you can before you lose momentum

You point on number 3 is absolutely correct. First I don't have that and my trading sucks, but after I create "rules" for my own trading I begin to get more profit  ;D ;D

correct. we all makes this sort of errors in trading..

In particular, greed can create negative habits such as not craving a hole, overtrading or even revenge on the market.

Greed can be compared to alcoholism, which can make you act stupidly and uncontrollably. Overcoming greed also requires a lot of effort and discipline such as alcohol withdrawal, though difficult, the results will be worth it.

It's a slow-moving time, which makes us quite confused when we need them fast, so we get this error often, and do not try to click on the wrong link.

I like number 3. Actually that's been my guide when I enter the world of trading. I always have that Entry and Exit strategy and if I satisfy my Exit strategy then I get out and never look back. Because once you become number 5 (greedy) all your plans will not work and you might end up losing and perhaps doing number 1 (trying to recoup your losses as a result you might not used your logical thinking but becomes number 6 (too emotional).

#3 and #4 are the most serious ones that I have been seeing these days specially among newcomers. the result of which is becoming a bag holder. most of them are not trading in truth. they are throwing their money away just because someone random on the internet told them to buy something that can give them profit. then lack of plan means they have no idea what to do. they end up bag holding lots of useless tokens in hopes of a profit that never comes.

the analogy if an old picture kind of nails how older hands treat bitcoins. Thanks a lot for the gift

Number 2 and 5 that i did it many times, and that my big mistake made me loss alot of money. And lesson learned , now i have more experienced in crypto trading. I will never do the same mistake again. I was make better trading plan and hopefully i can make consistent profit.

These are all applicable indeed and i listed it so that i could use these in case if i will join to become day traders someday but for now i prefer long term because day trading will need to spend a lot of time for these given suggestions to be follow. Anyway gratitude for this share because it will help a lot specially to those who wants to become day traders.

I don't have a plan at all, is it needed? I have only exit plan.

This is what i am very guilty. Instead of taking profit i ended up losing some. We should not always be greedy.

Proper trading habits are what leads to long-term success in the market, whereas mostly focusing on ‘profits and rewards’ will cause you to lose your focus on proper trading and ultimately will result in you losing money. Like most software, errors detected are expressed in numerical codes.Such frequent trading and shorter holding periods can result in mistakes that can wipe out a new trader's investing capital quickly.

These are really helpful tips as to how to trade profitably and favourably in my own words. Trading with emotions are one of the worst things that can happen to any trader. Been greedy can kill your trades most times as greed makes you quest for more and you lose your strategy.

I am afraid I have done this one one with waves, when it fell I kept buying more and more and more and now I am left with very little amount. I have followed all the bad things here I have not also used a stop and I have not created a plan for it (although I had a plan for when it went up but I did not had a plan for when it dropped) and of course I couldn't follow a plan that I did not had, I wasn't greedy.

I was just trying to make a decent return but I also liked waves itself and not just got in for money reasons, which comes to the last one, I was emotional about the coin because I supported it, I was basically a "shill" of waves because I really liked the coin itself and didn't consider it as a "trade" but more like investment.

Instead of making my own opinion i have the same idea to this reply while im not totally doing it all the times.

Every trader has a different style of trading and this numbers doesn't mean its an error
1. Revenge trading is normal

3. Have no plans when trading.

4. No plans

5. Greed is good (if it was use properly)

6. Normal as well.

In though times there you need to take its positive side.

Day trading isn`t type of work where you just repeat one same things over and over again, it`s hard to sell on top and buy on bottom every time, the way how you come to the point to sell or buy is making a lot of difference in everyday choices. You need to have some style, each of us, but being positive is helping all of us, without we are doomed. Being positive, practicing, finding what suits you and take it to another level is what everyone should do. There are things that can hurt us in trading, financially I mean, but that is trading we can`t win all the time, so positive attitude is necessary for all traders and wanna be traders.

Revenge trading is the most pitfall of most newbie traders in cryptocurrency. The desire to regain all what was lost in a single trade can force traders to make a wrong trading decision.

There are times when you bought a coin and then sell too early that's why you bought again when it already has a high price so you end up sometimes holding the coin because it already went down when you bought. You should have been in profit if you just let it go.


This is the most common mistakes of traders especially in bear market when the price just continue to go down until such time the value already lost more than half and then you will think of selling it then. If you have a stop when you just lost 10% then it should have been better.


One should always have a trading plan upon buying a coin. The problem is that when you get emotional, you just buy or sell a coin immediately without thinking of a target price and most likely end up at a loss being too greedy.

I think these errors can lead traders to many other errors. For example, if you use stop-loss, then whales will push the price throw stop-loss price to get yours coins. You can check the charts, lots of long candle come out with low volumn.

That's really what new traders and veteran traders do. The fourth thing is that most traders suffer the most.
They set up a two-year holding plan, but after the market fell, they decided to sell them and thought their thinking was wrong. That is a terrible thing to happen and I highly appreciate this article.

I had my fair share of those in my earlier days, it helps to stick to a plan so as to avoid jumping from one failure to another. Thanks for the gift

The 4th point is tricky to obey when extremely good or bad emotions come into play.

Yes almost all the points you mentioned were common mistakes made by the trades even if they are experienced enough.But they also have to learn themselves to avoid these mistakes to make more profits,most important thing is not having a strategy or plan will leads to other errors.

I've violated most of those rules being a noob at trading. I just simply follow the buy low and sell high technique. I know I have to step up my trading and have a plan. What plan can you suggest for newbies in trading?

The focus with day trading isn't to sell the top and buy the bottom. It's just to book profits within each range whenever you can. In other words, if your trade means a 1% gain, you dump. If your trade means a 2% gain, you dump. Wasting time waiting for the price to go up in most cases means that your potential 1-2% gains could easily vanish in a market like this. I rather secure a 1-2% gain than sucking on a loss.

Being positive is meaningless, just as much as practicing is meaningless when it comes to trading. People are emotional roller coasters when money is exposed to a crazy volatile asset class. They shouldn't trade. It's not for nothing that bots have taken over the market in the last few years.

I think both using stop always and never using it are an error in trading, it is only beneficial if you can use it at the right time so it is for professional traders.

This is funny , almost everything in this list was me  :D Well, base on my experience all of this list is correct for newbie who want to do day trade better control first your emotion as the tide in this market is very volatile.

When dealing we lose some basic common mistakes like we forget about the address or we forget to save the transaction so that we can easily address the wrong address and many other problems. incurred

You will never know about the surprise of trading if you don't try to take risks. Be a man and everything will be ok. Lost is the gain. You lose money but you get some lessons

I am not an active trader but still I can suggest you to some basic strategy you need to follow,actually buy low and sell high strategy is enough for the newbies just wait for the time to come if you are a long term trader and never invest more money than you can afford to lose and don't try day trading until you have enough experience since which is very riskier.

I noticed that most of this topics are the same, op didn`t wrote about trading mistakes he wrote about life mistakes. What ever you do in your life you need to be careful or you will hit your head many times and depending how you hit it that much it will hurt.
You need to have strategy, you need to have plan, you need to make good preparation, better prepared you are less mistakes you can make, and even if you make some you need to be ready for them and to have a solution in case something goes wrong.

This is part of emotion where you would really need to chase up or tend to break even your loss which causes for you not to think up carefully already.
Stop loss would be suggested but this wont be applicable on short or day active trades.
If you dont have any plans on the very first place then you should not do any trades at all on the very first place.
Stick only to you own trading style that do make you profitable.You might do some alterations which is normal because of very unpredictable market.
Main reason why most trader or investor why lose up money.Instead of taking profit on a certain best time but still tend to hold up because of greed for more.
If you do let your emotions control you on doing trades then it will be a factor or reason for you to lose up on each trade you would made since you would easily panicked.

Those were most common errors made by lot of mistakes so we can consider it as life mistake or trading mistake as you want,strategy and backup plan is very important in trading because as you said anything may goes wrong even if we do it with most perfection.And also the experience will give those the strategies you needed once you got familiar in trading.

Error will be made and trade will be won, what matter most is we keep learning and improving to better than the last trade we made. Cryptocurrency success is a journey not an 100meter dash!

I think common errors for trading are mostly for a newbie these are:  getting panic, cannot control their emotions, do not have a plan, afraid of risk.

Mistakes aren’t bad. They are for our motivation and learning hub. Those who learn from their mistakes must understand that their professional life would be amazing. They are students of teacher that is greatest of all the materiality approach elements. Mistakes have got hidden instructions that if would extracted out, must be fantastic for the learner throughout his life.

It is always a challenge to stick up with your plan and you're rules while trading, because this is the thing that you will usually tend to just go and leave it by herself how it flows, and without a control it can just turn out to be a chaos.

I think emotions could make or break 80% of traders, so this is essential 6)  ;) I prefer ICO investing, and found cool project - Kelvin Blockchain, this is interesting upcoming ICO, learn about this one, and give me answer what projects are you looking at?)

The errors or mistakes are learning points for all, even for the most experienced trader, there is no such thing as being perfect in trading, becoming better with each trade is the goal

Thank you for good points ,
Most important is to be patience and  not to be greedy .

Yes that is correct people even after making good strategies they do not follow it, which in fact some time cause a big lost for them, I think that it is too much necessary to follow our plane which we have prepared for our trading.

You cannot do well in the long run without making mistakes and learning some lessons from it. Some were fortunate enough to bump into trading the market last year when the market was in an uptrend thinking it is all about buying low, being patient and selling high. I do not want to imagine how that is working for them now in this downtrend market.

The fact is trading cannot be effectively done without knowledge and that makes anyone who ends up going ahead without it always end up fumbling. Knowledge are easily available only when we make mistakes if those mistakes are happening when trade in demo accounts or while trading in low volume then we may escape otherwise never ever repeat a mistake and that mistake does not need to be your own.

hahaha, i always get no 5 and 6 i dont know why, if already gain about 10% i want more then the price drop and i cry Lmao that for no 5
and no 6 i always panic when im already buying that why i think i need more lesson in trading, how to reduce my emosion.

1. time problem
2. wrong buying time
3. wrong selling time
4. not consistent with prices
5. do not have a target

Yes being greedy is one big mistake you will do in crypto cause if you have a good income then you risk it and not withdraw it as your profit there will be a chance that it will lose all your assets some factors that are don't have good plan no proper strategy only just keep trading without knowing if your coin has a potential or stable in the market.

To me I think that one of the most difficult job is to get control over your emotions, I have seen a lot of people who are too good in trading, they have spent a lot of time in trading but they never succeeded in trading and the only reason is that they do not have control over their emotions.

It could be done on your target price

mostly doing it via your TA's


Setting entry points and exit points, if you got confirmations its a best time for me


Not sure what this means, prices are normally inconsistent


same at numbers 2 & 3, set also your stop limits

In trading many people do many mistakes and if the market is not good then make a stop and wait for the right time and if we have many coins then market analysis is best way to make money. And many of the trading errors include trade without market history causes.

The idea normally after learning some basics needed is to learn a little bit from our mistakes it at the same time, these common errors can be averted if people actually ended up learning properly before embarking on the trade journey. That number 3 is actually the foundation of mistakes for a lot of traders who refused to learn and usually without strategy, there can be no plan and without knowledge there can be no strategy which makes losing become inevitable for traders in such space.

These are mistakes we make and it usually costs us a lot in our trading careers and we need to devise a means to avoid those trading errors. This is a very good article and I gained a lot from it

5.number belong to me. Not always, but in the last 3 months I've lost some money, and even I haven't earned any money. The situation of market has more role in my loss, but I still see mistake myself.

Exactly, that's the main problem for traders.
I always have problems controlling my emotions so that everything becomes different in direction with the plans that I have made beforehand, especially when I have benefited but always feel lacking and desperate to take greater risks and lead to losses.

I appreciate this article. I have been losing money recently and this article shows that I made two mistakes. I worked without plans and did not know how to place orders against losses. It seems like I have to focus on analyzing again and applying new methods to get a profit in my portfolio. thanks you.

I think the mistake that often happens is that they are too easy to be affected by bad news so it is very difficult to get a profit. to be a good trader should be able to control the patience that you have to get profits,

The hardest of all in all that list is this: sticking to your plan. Traders spend a lot of time designing their strategies. Poring over charts and trying out analysis, reading and trying to make some plan. The temptation isn't just in the heat of the moment. It isn't just about revenge trading or keeping to stop losses and deposits. It's to look at others and say wow that guy's strategy is doing well, maybe I should change to his.

So traders never give their strategies a chance, they change it as soon as they're not doing well. This to me, is the worse.

Trust your TA's bud

if Failed, better learn from it, it means a better room for improvement is coming

as much as possible don't look for others TA as the improvement must be coming from ourselves

One thing to add up for the common errors is the ability to familiarized the trading platform you're using

a simple trailing stop feature will help you and rekt you if you don't know what it means

The biggest problem is the emotion control by the new traders. And then, as a result, they buy on high and sell on low, and loose everything and leave the market.

Thats me,i never use Stop in trading ,because I always expect the recovery instantly

Another one is not having a plan,or the only plan i have is to Gain and nothing at all

Third is being Emotional in trading,i took it seriously and feels like end of the world when in loss,so instead of focusing to the next step it turns our to greedily attitude of want to gain back

Thanks for this  you got a good looks about the problem many of us struggels,and hopefully this will give all of us a direction when it comes to trading

The most common one made by people is the rushing into a pump or bull run. If you see something at 100 and it goes to 150 than don't go into it at 150 because its going up, just because it went from 100 to 150 doesn't mean it will go to 200-250, it can but it doesn't have to, it can go back down to 100 from 150, even go further down to 70 or something, there are pump and dumbs which causes you to lose money when you are too late to get into and there are short quick bull runs that will make sure you lose money if you are too late to get in or did not got in during the dip prices. So when you see something going up, don't overreact and get a lot of that coin right away.

I have quite a number of friends that trade with emotions and I tell them to let it go.
Fear of missing out or seeing a token pump the more after they might have sold.
What goes up will definitely come down...
Just chill and tate your emotions out

Above all the information above, its #4 that says it all. If you stick to the original plan, there will be no greed, no emotional about trading, there willbe plans in entry and exit, stops will be applied and no revenge trading. If you set a plan, work on it and stick to it like your life depends on it or else you will go home with an empty pocket.

There are many common mistakes traders make, especially newbies and amateurs,
Entering unprepared, some fail at demo trading, but still choose to go live. 

Starting off big, as a newbie you should start with as little capital as possible, tbis allows you learn without the pressure of huge losses.

Not getting emotional.

And never make excuses, ever.

The 6 points that are mostly done by traders are generally common almost all and difficult to avoid, the most difficult things are numbers 5 and 6, sometimes when prices go down sometimes we cannot be patient and panic what we have all we sell for fear of continuing prices fall and fear loss.

the most widely done is in positions number 5 and 6, although from number 1-6 indeed all experience this error these mistakes are indeed for us to avoid because we are directly involved in bitcoin so automatically these things will continue to be encountered, but when we know something wrong, we can anticipate it.

Good advice. I myself am committed to drawing up a plan before buying / selling. Therefore, I always recommend that everyone start with this. It is also necessary to work with your emotions, that would not succumb to FOMO. And in general, to become a successful trader, you need to be sufficiently restrained and organized (of course, these qualities are additions to education and experience).

These are really good plans especially the number 4. I didn't stick to my trading plan yesterday and I paid dearly for it. Henceforth, will stick to my plan no matter what.

Our emotions really affecting our trust and confidence on market trades. We need to control it so we can decide what is right and can move forward without any doubts in our mind. Its not only of being patient but it needs also to strategies our investment for more profits.

Those all true, when I do trading some of these factors always manipulate my healthy brain to get profit. Allowing prices to continue to rise but prices decline again, and the brain says always think when prices decline and I experience losses that I do not sell but expect prices to rise again. I'm not a reliable trader so I always make these mistakes, I need to read and learn about trading at least to stabilize my passions both when I get profit or experience continuous losses.

I think it's great you have summarized them. Trading is not an easy job, but short summary of common errors helps a lot. Atleast this way you are more aware of them and are able to work with them better! Well Done!

Some new traders try to recover their loss in old trade by the new one.In that they will use buy bitcoin at the minor fluctuations and high price.Sometimes the price of bitcoin is take long time to recover,may be one-month.You should have a holding capacity at that time.You should avoid your emotions to get in to trade.If you avoid your emotions means,you will choose a panic selling.So this will prevent your future loss.

Similar to this article, https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/. Never gets old, these mistakes! They were the same in mainstream industries and still, people repeat them over and over. Greed and laziness, in my opinion, are the banes of many a trader! :)

The most common error in the transaction is that the fees and charges are getting higher and if we choose low fees then the transaction will be slow and delayed, so I see that electronic money is becoming more and more expensive. It is more complicated and more difficult to invest and cost

all will be easy if we are used to and want to learn from our mistakes. people make mistakes that is natural because we are human, everything will be fine if you are patient and not careless in trading.

Patience is not all you need for trading, but knowing what you are meant to do and what action you should be taking at certain points in time.

What some people do not necessarily understand is that trading is a profession on its own and the last time I checked, there is no profession that you would not require a long period of time to learn and probably get to find a mentor to put your through on certain things and thank God for this day and age of internet where you can easily find resources.

The problem I see however is that people are always too lazy to learn and that is where they usually get it all wrong. Normally, if you cannot learn, then, trading is definitely not for you.

even if you do not make special mistakes, the current state of the crypto-currency market will not contribute to the good results of your activity.

I'm so guilty of number 4 and 6, not cashing out early has turned me to a much stronger holder

Emotion control is normal when you are starting first, but it should be something that would disappear eventually as long as you keep learning and practicing. The only reason why emotions will keep coming forever is if you are not learning and you keep repeating the same set of mistakes over and over again while expecting different results. It is not gamble, it is trading and you require great deal of knowledge to be able to do things right if you want to make the best of it.

Holder of what ? Most people here do call themselves as long term holders still they are holding some random coins which must be having very less chances for getting bumped. Probably another common mistake ;).

I completely agree with you, because we can observe the next minimum of the bottom of the crypto-currency market. There are many forecasts that by the end of 2018 the market will begin to stabilize, but for some reason I do not really believe in it very much.

All of this statement is correct. But I want to add my personal mistake in trading and that is by trading against the trend. I always lose because of that and I intend to change it.

I really like this post and it just states out the main problems that are being faced by most traders today, and I don’t mean just newbie traders, but including the old traders  cause most of them still don’t know this. Some people here are trading without plans, and I have also noticed that some are always greedy based on the kind posts they post in the forum.

They are never satisfied with what they have got and are still looking for more. I know a guy in this forum that made a good amount of profit in this forum but decided to go all in with profit and including his main capital cause he thought he would make it big, forgetting that there are risks, he ended up losing everything and had to borrow money to start again.

Trading against the trend is very dangerous and unjustified, I think the main problem of the trader is greed, it is always worth taking into account the risk management, it is much safer to withdraw from the transaction on risk and look for new entry points

I think what you mention is true and this often happens with new traders and eventually makes them very lost because they are too easily panicked and afraid to fight the risks and are afraid to buy coins because of confusion.

Buddy, you're on trading thread section

The OP referring to Errors on trading not on transfer fees

Crypto is getting lower and lower by now, chance of getting them if you want to

And its not complicated to invest with it

Also to this list I would add:
1. Not to diversify investments;
2. Do not follow the principles of money management;
3. Open long positions on asset which already has grown up;
4. Buying cryptocurrency according to rumors.

Ergh.
This is one of my weaknesses. One of the mostly used by my brain and it is like a black out moment. Nothing else to think but just to get it back. The losses have been larger for me because of this and I though I could get it back by just a moment and yet nothing comes back, profit or ROI.

Do not let it get the best out of you. Control is a must.
Somehow this is the reason that is why I think trading is also a gamble.

This is true, might be the most dangerous trading mentality. Happened to me
a couple of times.

I think that when you are mentally able to stick to point 4, there will not be any problem with points 5 and 6:)

Can't agree with your point 4. The price is growing on rumours I would say. There is a saying like buy on rumors and sell on fact. This is not my own invention:) however, it works:)

Thnx, good info. It's really important to keep track of all trades, journal, analyze and learn from it in order to stop doing the same mistakes over and over again.

General Mistake in Trade is from ourselves, we all never trade in September, it will suffer losses if trading this month, it is a common mistake, if you want to trade you have to wait in October.

Lots of crypto trading exchanges these days has the stop loss but I’m surprise that some people don’t make use of it, and when they lose they start looking for who to blame  most especially they start blaming the exchanges and calling them scam lol. This is a kind of business that involves big risk and you will always see the warning on every exchange you visit. This is a good topic and thanks to the op for bringing it up. I just hope that people get to learn from it.

People do engage in trading fields don't have a plan(I'm for sure)  cause only in their mind is to have a quick profit returns which is not really works all the time due to market price fluctuations.
But some also have a plan but they never stick into it cause they might be controlled by their emotions and causes losses in the end.

Wait a minute! Are you trying to mislead people into doing the opposite of what they should be doing in the first place? Not diversifying investment means you want to put all your eggs in a basket and who really does that? Not following principles of money management, is like trying to set your own funds on fire and burn them all, and with that, you can be my guest.

Opening long positions on market that has grown up is more like you instigating that FOMO is usually the best thing to do. I do not even need to go further as I just want to assume that at this point, you are just trying to be sarcastic.

I just made one mistake, I was too rushed when made a buy order, and then it was not stop going down

 ;D ;D

I believe common errors or mistake as the case may be; are actually related to the confidence of the trader on his or her own strategy. Now, for someone with no strategy, it is normal to get emotional and truly, this would always be the case as there is no two ways about it.

However, for those who may always want to add some certain emotions once in a while even with their strategy, rather than sticking with no matter what, they tend to grow over it after a while as they gain more confidence and learn from their errors.

In my opinion, mistakes will occur and trade will be won, the most important thing is that we continue to learn and develop to be better than the last trade we made. The desire to get back everything lost in one trader makes a wrong trading decision.

FOMO (Fear Of Missing Out) should be in this list, too. For newcomers, FOMO means that you chase a certain currency when it starts pumping. The thing is that all whales and professional traders are already in the game, so when newbies buy skyrocketing coin, 99% that it will start falling immediately. Don’t try to chase lost opportunities. Better, learn and predict further pumps. Also, as for greed, it really may be useful. As the silver rule: «Be afraid when other traders are greedy and be greedy when other are afraid». This works.

I would also like to add some more mistakes of crypto traders.
1. A very common mistake of newbie traders is that they look at the price of the coin while buying instead of market capitalization.
2. The traders do not consider the amount of time required to be spent in this market. You constantly need to keep track of the market.
3. Many traders lose control on their emotions. They always buy at the point when it has reached a top and sell it when it is at the lowest point which is the reason they always suffer losses.

I think the 6th point is the most common mistake in trading activities, that is too emotional about trading. because in my opinion the most important trading activity is self-control which must be a benchmark because emotional attitudes will lead us to the wrong mindset.

most of the mistakes in trading are always panic with the decline in prices in the market, so what you have to prioritize in trading is that you always patiently wait until the market returns so you can get good profits later

in my opinion, it is a very natural thing to do for new traders or traders who do not understand how to trade properly and correctly, but I also found that some people who have long been trading are still greedy and still often unable to control their emotions so they get a loss or get stuck at a very expensive price because this case, trading must be patient and not too greedy.

I don't think using stop loss is not a mistake. if we are too excited at stop loss, then it will actually hinder our way of trading, at least we also have to know how to manage assets. before starting trading, the first thing to focus on is asset management

I think there is nothing so wrong with revenge trading, but it should be done in a right state of mind and with well planned strategy or better still, leave the fight back for another day.
In addition to your point; leaving the market for a time is a common error as well. One needs to stick to the market, be aware of any movement and expect the unexpected.

At present, both boys and girls are very interested in training. There are many people who have done a lot of good income from training and many boys and girls have started training but they have a common mistake, which is why they started trading without knowing anything about trading. Although they do not have the right idea about how to open trade, they are attracted to it, so I would say first to learn training and then start training. The most common mistake of training is that, emotions can not control emoticons, so first you learn to control emotions and see if this small mistake will not make a big mistake.

I sort of agree with some of the comments I've seen already that certain months may be less advisable to trade than others but if I one was to be particular about it then I would say there is no strong evidence that such months are September for example. I think it rather varies with time and people's perceptions at that time.

4 and 5 are very relatable, i always change my plan if any unexpected event on the market happens. There are a lot of things to consider changing the plan but mainly because of the price. Being greedy is not an error at all since market is volatile the price variation will going to give you that feeling especially when the market drops, weak minded trader will panic sell while some big fishes will take the advantage to buy however you must have things to consider also like the price chart, datas and market season.

Here is the link i can share to help aside from the op ideas about common errors in trading
https://m.youtube.com/watch?v=RwBklKnIXfQ
Watch at youtube to avoid mistake

Thanks for this. Am new to trading.  Wanna start.  How and whar can I use to learn

if we observe, indeed in that month, the market seems less friendly and difficult to predict. but patience to achieve the target is also important, remembering many panic then selling it, even though market ongoing reacts to rise

Most of the traders fall in greed trap  they buy in price pump mostly this mistake is done by newcomers

I think there two most common errors that every trader do
1) They expect way to much from very small and also very quickly,Which is very wrong because in this you can take rash decision and lose everything.
2) Being impatient:- This is most common one and riskier one.

Damn numbers 1,2 and 4 hurting me now,as this was my errors occurred when i was still do day trading,but now i am enlightened and may use this thread when i get back again this riskiest area of crypto profiteering..

I know many of us here are being shot by this mistakes and realizing how stupid we are for not making this seriously wayback

I agree most of the error listed except don't put stop loss.  In trading stop loss is like  a two enge sword and I think it favour setting up than not set it up.  Many have had their account wiped out by not setting stop loss and some times we loss when we set it but little.

You are right it is very important to hold our emotion being a trader and not to be so emotional, as it is good to hold when you see the price f bitcoin is down and it is getting bigger day by day so better to hold, it never happens as I never saw any crypto currency getting down forever, so wait when you see price of bitcoin is getting low and holding is the best way to reduce your risk and earn profit.

It is particularly hard to rule out this greed trap since its an inbuilt mechanism. But I do agree that for many people this was the common mistake that caused them to lose money. Since this is such a trading underlying problem one way to deal with it is by acknowledge the its possibility, then at least you was aware of it.

exactly what you said, the things that you mentioned earlier we should avoid if we are successful, the most important thing we should pay attention to is what kind of follow-up plan if we are out of plan then what will eventually be chaotic 50% will achieve according to expectations, which in the end is not a success that you can regret instead.

Yes.So don't be greedy in everything you do particularly in trading.You will never make profit in this,instead you will only lose more.Good things will happen in its own perfect time.Just be more patient to wait for the right timing to trade.

yes because newcomers are too lustful of money and don't think about the risks that will occur. Greed is the stupidest thing in trading because it will plunge someone into loss.

Some exchanges have a good potential if you gonna pick a good profit at good time will know how to resolve some errors from tradimg.

Greed is making every investor cry, while many are laughing at the big profits. Those who control the greed of the body will always have success and achieve what they want in Cryptocurrency. But those who can not manage it will be drowned out by failure.

In addition, parience is a virtue that without patience then losing will be more than earnings as we really need patience so that we could surely avoid all of these errors in the future and exhibiting patience means that you can be persistent and stay in something for the long run.

Can relate to #1 - trying to get back what you lost... crazy stressful and not smart. Becomes #6 - emotional, not carefully considered/planned and executed.

Awareness is the first step towards improvement. Making mistakes is not bad at all as it is part of the learning process, but when mistakes are made repeatedly, bad and unprofitable habits are formed. The common errors in trading that I considered  are not having a trading plan, not being prepared, and not  expecting the unexpected. Trading is risky, so it's important that we possess traits that can help us survive, learn to control emotion, have mental toughness, never stop learning, and be patience,. The more bad behavior we can eliminate from trading, the better.

I agree.There's nothing more important in trading than your own knowledge onhand in trading and your own expertise.And trade only for profits and not with emotional satisfaction because if you try to trade with emotions,you might only lose in the end.And when you trade,make sure that you have your own plans in trading because it will be your guide to minimize losses and maximize profits.

To be a successful trader, requires acquiring the right knowledge and skills of trading. There are so many errors traders make on a daily basis and even repeatedly. For one to become a successful trader, you need avoid the common errors of trading - most especially not trading with emotion and the application of risk management on trades.