Bitcoin Forum

Trade too much

This is probably the very common case. Trade too many orders at a time. I once met surfing traders who traded hundreds of orders a day. Almost every day glued to the screen to transact. People who trade this way often hate to set stoploss, of course I still meet people with stoploss and they often take short profits, enter the market continuously and can say their trading history is very beautiful. , rarely see loss orders.
However, once they are at a loss, these traders are the ones who are most psychologically vulnerable, but because they trade often, they always put their capital and psychology behind the priority list. transaction plan. A single loss can make them more vulnerable to psychological and trading out of control. Even resulting in gongs and account destruction.
There is another case that is trade addiction. These traders often prefer to enter continuous orders. Sometimes they don't have any basis for trading, because they want to trade, want to be able to get in and out and see a positive account. But once they lose, they easily fall into the kind of revenge deal. Often new traders easily fall into this situation. In any case, it's still not good for traders at all. If you are at a loss in this case then do not blame anyone, you are the cause of your account.
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The trading volume is too large

This is yet another common case for trades that clearly show greed and desire to eat thick. No matter how good your analysis is, if you enter the market with such a large volume you are gambling. You ignore the probability of the market.
Trading volume is too large, which makes the trader psychologically if the price goes against the judgment. This proves that traders have no rules in capital management and gradually it becomes a habit that makes traders overlook stoploss placement. It is a very dangerous thinking, if keeping this way of trading, it is very difficult to go far from the market.
When trading large amounts, your account goes faster than you think. Once you lose money, this loss will cause you to lose control and make many wrong decisions and lead to losing money. So if you have a large trade loss, do not rush to blame the market or method. The number one cause lies in yourself.

Know too many methods

Many traders take a long time to read and save on trading and then apply to their account. The result is more than expected. Losing no more armor, losing to the end.
This is also the case without exception. The trading method is what makes traders the easiest to fall in. Rarely does anyone try to be patient with a method, learn every nook and cranny of that method to confirm whether they are effective or not, but the trader just keeps looking at the profits and then trading for a couple of weeks to see no results. is to find another.
When I know too many methods, it is easy for a trader to realize that I know a lot about trading, I go through many methods, each holding a little. But the final problem is that the trade is still inefficient, even though the trade knows much, sometimes it makes the trade make the wrong trading decision. Knowing too many methods easily makes traders lose confidence and frustration.
Best traders should not know many methods, just understand and know how to operate 1 to 2 methods is good enough. Left focus on managing capital and psychology. Slowly the results will be improved.
In short, anything too is not good. Everything should be at a moderate level, we learn a little bit each day, trade a little bit each day, forge a little each day. We go slowly, the results come slowly and go hand in hand throughout our trading journey. If you do not want to lose, firstly traders need to remember 3 things that should not be so in trading!

I have read your three point list and there are some correct items on it but let us generalize things. Every trader has its own techniques and style in trading and in their way its either they gain profit or lose. There are no perfect strategies or totally wrong choices in trading since everything is determined by the market. Some players are attuned to trading in huge volume while some are not, this is  just an example about the uniqueness of the trader. So in the end the most important things that a trade should have is knowledge, skills and experience and as long as he knows what he is doing.

The most important thing is that you understand the trading and no not depend upon signals or trading social media groups. At the beginning of my trading career, i used to listen a lot of you tubers and follow their signals n advises. That's was the biggest mistake i did. They ask you to buy a coin which they already have bought, and then they dumb on you. So if you want to trade, be self sufficient and do not depend upon other signals. The best is to get some training on understanding the trends, bars etc and do trading yourself.

On Twitter, on Telegram, a lot of people are trading with such guidance. And unfortunately malicious people make money using it. Just like you said. Signal groups and pump groups are a big lie. Don't lose your money to believe them in vain. Trading is not done like this. For trading, you must develop and experience yourself first.

Applicable only if you cannot handle the stress of handling too many open trades. There are many ways, techniques, and tools you can use to properly manage your trades.



I agree with this. As a rule, I always limit trades to 10% of my trading capital. Anything above that will be gambling.


For beginners, it is just okay to know many methods and techniques in trading. It takes a while before you can find the techniques you are comfortable with. And you may have to go through all the techniques before you can find the one that suits your style.

Indeed, you need to have enough understanding to cope up with every problems and to avoid people from taking advantage on you. Furthermore, we have to accept and learn form our own mistakes which is helpful when we are making a choice. Trading is speculative, we need to be patient and we literally need to have our own plan just to earn and get the benefits that we want.

I think what op has made is very useful to newbie and even an expert. For number three, the difference is that an expert has mastered a strategy.
Then, for over trading, it can kill an account very fast for both expert and newbie but I wonder if an expert will be over trading...

What the op just said are the ones new traders shouldn't follow or do when they start trading. They should probably instead look for a mentor rather than self research about trading since self research is the one that causes most traders to have incorrect knowledge about some aspects of trading.

Also knowing too many methods isn't really wrong or bad, you just have to apply the proper method at the right time. Mistaking the usage of a method is one of the causes for loss of traders.

sometimes depending on the strategy that you choose you might end up making a lot of orders per day. for example there are high frequency strategies that even use a bot to execute hundreds of orders per day. sometimes even more. you can't say it is "too many" just because the number is higher. i used to do something like that a couple of years ago for a small amount of profit.

but of course under normal circumstances with a normal buy low sell high strategy, you should stick to minimizing your activities, your amount of money you are risking,...

Actually this is a double edged sword. Generally experts say that markets with large trading volumes are best for trading because they provide easy entry and exit to traders. Moreover the buy-sell spread is also lesser in such high volume markets which make trading much more cheaper as the slippage levels will definitely go down. I think what people should do is try not to be too rigid with their indicators and strategy and must give like a 1-2% benefit of doubt before entering and exiting because generally in market with high volumes pullbacks go much deeper and a lot of false breakouts are spotted. So it's better to create a penetration difference only after which you would buy or sell.

It's healthy. I have seen many traders who trade and make similar mistakes or apply clear and correct strategies. It's all individual. The only thing that I realized, you need to understand this well and use only part of the capital that in case of failure you are ready to lose.

Trading without rest can become an addiction, and it might be cured even (if problems begin). It should be added that any person who decides to engage in cryptocurrencies trading, and especially day trading, is at risk. Indeed, to one degree or another, practically all of us have traits in our character that can, under certain circumstances, provoke the formation of dependence.

Trading is a very intricate thing and should be treated with very much carefulness and attention. Those are pretty nice tips for new traders to have at the back of the mind. I could remember when I started trading, I thought trading so many times in a day will mean heavy profits, but I was so wrong on that. I had to enter and exit each trade very early with a ver meagre profit.
Having some good trading plan and  developing a trading habit to stick to is a sure way to go.

To be real there are many traders who loves doing multiple trades and at multiple coins too, it just depends on the person if you can handle the pressure and a lot of time for those trades. Yes, it is really hard but trust me it will be easy if you love doing multiple trades and trading many times a day.

I do believe that traders have their own unique technique and style when it comes to trading, They can tend to trade in volumes and win most of it and they can become too hasty and always in a hurry for things you can not decide for them they had their own goals and method is pertaining with trading, In my opinion, you got points in giving this tips but it will surely base on that person if it is working for him or not, reading news but sometimes following them may lead you to trouble, I think a hunch is more likely to succeed than planning things in trading.

I appreciate your articles pointing out 3 things not to be in trading, being a crypto trader they can't avoid loses trap due to the market volatility.
In trading their nothing can make easy money and no one perfect traders everyone can experience lose and trap during they made decision in their trading strategy.  Skills and knowledge with full of education in what we can do in own strategy how to make profits in crypto.

Most of the signals/youtube videos are hidden scams, and if a signal group isn't a scam at the start, you are playing with fire and the profits your making is probably of someone who just got burned and lost money. You will eventually lose your money from them and the only people who do make money of the groups is the owner usually.

I would agree with your last 2 points on what people should never do, but a lot of experienced traders are able to have a lot of open orders and trade a lot per day, and it's only some people who can't handle the stress from trading a lot.

Yes it is true and for me the best thing that a trader shouldn't do is listen to some strangers advice and take it seriously.
Most of the new traders are so gullible that they could easily fall into those signal groups or join some paid or VIP signal groups.
And also they should learn how to trade properly search some info about the crypto that they would invest in.

I think the best thing you could do is , first use a good bank and then add it with your trading account this would help you a good deal when you need to encash timely , because when you are trading you have to actually be ready for anything , sometimes the government might change its policies and you would need to encash the amount in a very small amount of time and I think that helps a lot .

You could have added more on that list.  

1.  Don't trade while your drunk.  Trading in an optimum condition of a body is already hard what more when you are not in the proper state of your mind.  Being drunk while trading can incur severe lost of funds.
2.  Don't trade when you are too emotional.  Same thing as drunk, being emotional gives you a biased judgement.  Sometimes it beats rationality that may affect your trading strategy and cause losses.

From my experience day-trading with leverage is really hard and I don't see much value in it. The risk is too high, although with crypto you can have really good gains if you spent your whole day on it.
Watching the 5 minute and 15 minute candles is pointless. 4 Hour, daily and weekly give you a clear insight instead.
This is how investments happen. You can't buy the absolute bottom or short the absolute top unless you put thousands of orders.

in short "invest what you can afford to lose "as all of the seniors here says about,never to greed to earn because this is the only reason that our strategy sometimes broken

actually some friend advised me this but since i already stopped trading i didn't bother to check how it works
having Bank for trading ,i think since i'm considering to try my luck again all the tips in this thread will be helpful ,Bookmarking for reference

You can add more for ourselves. Chasing the profit without having skills will be another thing that should not be at trading because if you don't have the skill, it's too difficult for you to get any profit in one trade or more trade. Trading too much will not be recommended even if that trader knows how to trade, and they need to prevent a big loss. It is better to trade with some money, not too big and not too small so you can only buy for the right coins because your chance to make a profit will bigger.

lots of skill in the way up but many dont have what its to trade rather than holding but wish to be buying low and sell hinlgh but end up buying high and sell low and all require is skill to be able to determine when you can buy and sell .

Indeed, it is not healthy for an individual investor if he is not in his proper state. Trading requires clear mind and wise decision making to prevent the unnecessary investment or moves. If you are not in your proper mind, this will lead you on losing your investment.

I agree on many points you have mentioned. I just wanted to remind those new and young traders. Surely there will be tough times where you will lose much money, but don't let that hold you back. Experience will be your sword here. Yes maybe the post have mentioned some techniques but we have our own techniques that works on us, and patience is needed for us to find that out.

I also experienced the same thing when I was starting with trading. I relied everything on signals and technical analysis of others which caused me uncertain losses. I have learned from that so I did the same thing. I studied the basics of trading and applied the simplest strategy which is to buy low and to sell high. Sometimes, we should make decisions firm on our own. We must have the eagerness to learn everything about crypto trading and must not depend on the speculations of others.

I have best way how to get profit with your money in trading with low risk, if you have much money never put in one altcoin kind only, example if you have 1 BTC never use for buying or trading in one altcoin kind, but use for trading with five or ten altcoin kinds because when your one altcoin trading lost could take recovery for other altcoin.

I understand your point, but your method is just one of many, and to be frank, it's not always "the best" method.

Yes, your method may be the safest route but think about traders who can afford to risk large amounts and preferably gain larger amount. Spreading your trades to altcoins(mostly shitcoins) that don't even have the potential to be a catch is just a waste of money and time.

I'd say be active in the charts and make your decisions to where your investments will go, AND don't spread too much, why(?), because you may have greens in your transaction history but only gains little, you may as well invest in a more profitable one.

Some do trading without setting too much rules and some do it by having rules, some watch the market all day long and some just pick hours to do it. It depends on our understanding, capability and circumstances when we do trading. I don't do much trading now but when I do I only set amount where It's realistic that it will reach that amount and not being too greedy since I missed lots of opportunities before when I follow too much indicators and pressure myself in reaching certain amounts. We will all learn from experience until we realize we just able to do it without pressure and accepts the amount gain or loss.

Smart traders do this because as a trader I have a lot of altcoins because they have some altcoins who dump but the other is not or stable or maybe it increased.

I believe every traders have different techniques and startegy in trading depends on what is works on them because maybe the startegy of them is not suitable for me and my startegy is not works them so better to make experiment what strategy is best.

Scalping always have a high risk since you are not sure about the possible movement of the market. It's needs a solid understanding and a good skills to anticipate the price movement, in a small percentage of growth you are capable to earned decent. Having a good trust with your own understanding and combined it with the situations will guide you to make strategy that will work inside the market.

These three things should now be done? Or should be done?

I feel these things should be done by a trader if he is aiming for ultimate profits,trading too much can increase the rate of making profit if he is doing trading in the right way.

Trading with high capital can give huge profits in a trade,no need to worry about trading too much.

Get to know about many strategies is also good thing.

I don't know why you have to put "literally" spaces between your sentences, rather than viewing your intention to be clean or to be read clearly it kinda looks messy instead.

But anyway, trading with large capital also gaining large amounts isn't always the case. Trading too much as the OP is pointing out can lead to psychological breakdown if traders experience even the slightest loss on their trade. So, Trading with regulation is probably the best option, eventually, I think trading lead to addiction.


Not entirely correct. Trading with a small amount of capital isn't worth it at all if your intention is to just test methods of trading then why bother being it on a small scale(?) when you can always have a large amount with a small amount to trade.

I don't see anything wrong with knowing too many methods. For me, if I use 2 to 4 methods to test if the result of the first method that I used and the second method is the same.  We all wan't to make sure that we are doing the right thing when we hit the Buy/Sell button and especially we want to avoid mistakes.

Everything "too" is not good. That is too much. A moderate of everything is the best. Anything too much is that which cannot be handled smoothly and properly. You cannot bite off more than you could chew, that is the wisdom behind it. You trade too much, you cannot monitor all of them properly and with careful focus. There is a probability that you will miss something. You buy too many coins, there is a probability that you cannot update yourself regularly of their developments and you will just wake up one day with some of your coins dropping double digits in price. Trading too much amount is taking too much risk. A loss will also be too much to handle emotionally afterwards.

too much volume has been the biggest enemy of traders. Volume can lead to artificial pump and dumps which can really take away money from retail investors. Newbie traders should try trading only in securities which don't have much volume around otherwise there can be a lot of problem.

You have to be skilled first before anything else, and then you could manage every situation where you at in Trading, all of it. Skills are your strong fortress that will help you in gaining profits in the process. I have a friend of mine who is a professional Trader, he do Day Trading and what I stan about him is he don't care about how much he lost in a day, he only cares how he could take it back the next day and double it, and it help me realized that skills will give you confidence and you could overcome any hard situation in Trading.

I dont think too large volume is a problem, precisely a large volume will reduce the risk of scams and price manipulation. if you trade on altcoin that has a small volume, they will be very easy to manipulate and very easy to reach very low prices and even collapse. I think large volume is not something to be feared, in fact many investors prefer to invest in top of marketcaps (biggest volume) because it proves to be more profitable.

Anything should really be on moderation because exhausting yourself wont do any good not only on trading but in all sorts
of things you are engage into.Stressing out yourself will really lead into mistakes and loss.

Always consider on a strict fund management if you dont like for your capital to be easily blown out.
Plan accordingly and carefully on each entry and exit you would made.


It isnt really bad to have many methods because you can test out which one would fit out on said situation but
i agree to this point that it will really just give out confusion if you do keep on make alterations with your trades
on which one you would use or consider.

Indeed. It should be balanced all the time. Not only for trade but for everything too much can be harmful. Just take care of the thing that you can handle. For instance, having too much expectation in one crypto could be harm in the way if it crashes, all of your money invested to it will be gone.
I think there's nothing wrong about having too many methods, in fact, this a good strategies and the only negative effect only I can think of is that it would be tedious for a person who uses a lot of methods and can cause confusion sometimes

true because relying on such what you have mentioned above is useless and not trustworthy even nowadays . Not helping at all in my opinion. wherein much better to search some news around the internet or watch some live traders on YouTube that sharing their opinions and predictions about the market.  for sure you can obtain information in it and you can build strategy as well ,,wherein to protect your portfolio and in order to gain even small profits despite of the situation. Rather than relying on some shit groups and etc because it's very useless 

Everybody has their own point of view and what you said is true to some extent but I think that if a person is making money through his strategies while losing some in other ways then he must be good to go as along as he is making profits eventually.
In my opinion, what matters is the amount of profit you are making at the of the day.

Believe it or not, losing some amount will make you a better trader. By realizing that doing such methods or investing in such a way will lead you to losses will reflect to your future strategies in trading. You will make sure that it will never happen again, it'll be a good/bad experience, but what matters is that you learned something that'll help you to trade better. And thinking only about getting profits is a very bad idea. You have to think outside the box, yes, profit is important but it's not really the priority. Because if you keep up that mindset, it'll break you and your money.

Making a profit will be our reason for trading, and no matter what method we use, that will define how we are making the profit. Perhaps, our method will be different than the other people because we don't have the same skills too in trading, so it is no problem. We can trade many times we want if we are sure we can make a profit, but if you think that we are difficult to make a profit or we feel it is hard to enter the market, then we need to break for a while. Besides that, there is no exact time when we should trade or when we need to stop. We determine by ourselves the time to trade.

I'll appreciate if your analyst has happened when you were trading. Yeah, it common thing to do by many traders, especially the will keep to entry when their trade before have gone lost. They tend to make a quickly conclusion just because they stalk to recover their loses and they will entry as much as they want as long as they have money on the wallet. It is not about a risk in trading field IMO but it is just how to control ourselves and avoid the greedy thing.

I have done it when I was newbie to trade. I just spend money and I'll use up them until I don't have anything. I have never make a conlcusion or an evaluation when I have traded. I Just learn more and read everything about trading science, indeed it is good to learn much a trading science but at least you have to have one strategy that you have mastered it.

I have only one thing that I not do in trading which is putting all my money in one investment. This is thing is very applicable to all trader and I know some of us knows this quote "Do not put all your egg in one basket". In fact, I just doing trade 5x a week and I always have a dayoff so I can rest and relax because we all know that trading is very difficult and very stressful.

I agree that you should not put all of your funds in one investment because it is very risky, especially if you're not an experience trader. It will be good if you only put a maximum of 25% of your funds in your investment or on your trade because it is more safe and it can still be profitable even you only put not much amount of money.

Trading is always difficult at the same time it is not a stressful because few peoples only participate the difficult platform so they are said it is one of the playing games. But we must concentrate all the shots so risk will make good earnings. No one is trow the entire money so I am not accept this statement on anywhere. I hope before to start trading everyone plan the further process.

This is the sole reason why bitcoin has great dips at times because it has limited volume. This is rule of economics that when there is limited supply of something, it is always going to increase in price because people make huge demands. Those who want to enter into trading; they shall never ever try trading with huge money without having sound knowledge.

Putting limits on investment is a must, Putting all your eggs on the same basket is a very bad move. Dividing the investment is essential in trading especially if you are an active trader.
Most of the professional trader has many assets that they are trading, Not everyone will rise on the same day but it at least one or two would pump and that makes a trader a profit.

The bolded line above is most likely a weak hand happen. When you are in trading, that is not easy, while holding and hoarding are very easy tasks to do. But if you are a risk-taker you can make a profit on trading but a not only risk-taker. you should also have a skills in trading and should have knowledge about trading. There are a lot of people losing money in trading either you are the next if you are not studying it well and having hard research.

I agree with you about 3 things should not be too in trading, the first thing is trading too much. Very true indeed It is recommended not to trade too much because it will make concentration divided and unfocused, it can cause us to take it wrong decision, then we will suffer losses. The second thing is trading volume is too large, this can result in loss large amounts of money because in this case we use a large capital to get a large profit as well. It will raises the greedy nature of ourselves. And if you experience a loss that will occur the lost money will be a lot. The third thing is know too many methods means using many trading strategies, this will make us less confident with the decisions we make and raises doubts. This is quite dangerous because it will cause us to get the wrong strategy, and if it is wrong the strategy has been confirmed we will lose in trading

It is absolutely about me. I over trade even at night, then I use too big leverage and volume, I think it is kind of greedy. As for last point, yeah, I know multiple methods in trading, but in most cases it helps me to find more set ups. It is about how to use skills

Nice explanation but those are not convincing enough. You are telling us not to "trade too much". How exactly does a person know that he is trading "too much"? There is no standard of measuring how much a person is trading. Again, isn't it like the more you trade the more profit you will be making (or loss). I guess, it is because of the loss you are telling people not to trade too much, but you know, with greater risks comes greater profit!

Youre totally right cause the profitable level of cryptocurrency was the reason most investors invested in cryptocurrencies but there are still exact time ones need to trade and exit the market.
With that been, the act of determine by oneself when to trade is one of the factor that lead to losses of some crypto traders because the market trend should be study and understand first before making decision

It has to understand that you are still learning and your experience enlightens you and it helps to find the best strategy that you can apply in trading.
You feel that you are greedy cause to overthink earning money in a very short period of time and you are one of the emotional traders.
In trading isn't actually of having a lot of strategies, one or two is might be enough cause only we need to master at least one of them to make effective trading.

Knowing many methods I think there is no problem as long as he does not fail to focus on the main method being studied. I understand what you mean, that most of us will fail to focus when we find a new method but not with me and those who are aware of it. I myself prefer to know many methods, because it can help me in developing the main methods that I have learned. Like a crossing of plants or animals, the more you are familiar with the methods, you will find a unique method later.

It good have the understanding level of method combination but knowing how to combine method as cryptocurrency trading is concern is still not enough to make a trader successful because patience is needed and the trader also need to understand his own limit i.e not spending much time on trading cause it may lead to greed which was the exact thing that happened to the above user.

Your emotions are your enemies during business especially when you are involved into something as volatile as the prices of crypto currencies or the values of shares in stock market. As far as rumors are concerned, they are often spread on purpose to make the opponent deal with baseless problems in order to retain its customers.

Your first two points is very similar with me when i'm trying to trading. I bought different coin's and most of the times i making too much orders (buy and sell bid both of) it’s really very difficulty to maintain and sometimes big mistakes happen. Secondly, though also i think large volume is the most priority in the trading because all of the traders will avoid low volume. Every traders are following in different strategy that's why they also take time to start their plan in different time duration it’s dosen't matter.          

I agree with the first one and the second one.

But I think it depends on the third one.

Knowing a lot of methods is not that bad especially to new investors and traders. I know that with a lot of methods they can use, they can be confused and be more on gambling what to use but still, that will give them important lessons while they go.

When we are in the beginning of trading, of course there will be many things that will give us a doubt decision and in my opinion this is indeed a natural thing because everyone has certainly done it. I am in control of emotions to not easily take quick decisions also sometimes I still do when trading and this is humane

These are clear cut rules that if taken seriously will benefit the trader greatly. Any trader that is trading should put more emphasis that he/she need not to trade on a coin that already has too large volume.  At that point its the peak and saturation point where whales will start pulling out their funds and the token will dump afer that. For the good and benefit of traders they should trade on  coin that has a moderate volume.  Not too large and not too small

You made too many sentences, indeed the 3 points mentioned are correct. If you trade too much, in large volumes, and do not understand the trade method, losses will often occur, especially for those who cannot control their emotions, then all losses can result in losses for further trading actions. From my experience there are traders who continue to manage and go to large volumes, he gets huge profits and until now he still trades, although not as often as before, it also depends on the traders themselves, whether or not they can deal with it.

Not really that necessary for you to look on liquidity level because  not  all having large volumes would signify manipulation.
How you do consider Bitcoin then? Highest trading volume but we cant see anything unusual when it comes to movements.
When you do try out to scalp out and making use of that volatility will really give you out some advantage on making money.
3 things mentioned on OP are basic ones but cant really be implemented or applied easily on someones trade.

Bitcoin has the largest volume, and people still find it enticing to trade bitcoin all the time, it still has greater value compared to any other coins in the market.
Being too large isn't an obstacle for bitcoin to attract many people, whales, even institutions join into crypto trading space, in fact; bitcoin is the main reason why we are here in the first place.

I'm not understanding why patience have to be avoided when trading,  if you don't have patience enough when trading you will always FOMO buying and panic sell at loss because you don't have patience in thinking about when to enter the trade and when to exit trade

As OP had stated earlier on over trading is one of the factor to be avoided truly,  I have had an experience in this aspect of over trading

I also disagree with the third point, it is always better to have more knowledge about the markets and the different methodologies to make money in it, knowing several methods to make money in the markets can only make you a better trader since you can choose the one that fits you and you could even improve your personal strategy by using elements of other systems.

Also while some may describe this as a problem if you were to ask me what is the most common problem in the market I will answer the lack of knowledge about the different ways to make money in them, many can use several indicators and they can read them with proficiency but few know how to combine them to produce a coherent and profitable strategy.

Overtrading is the result of too much excitement. And we only just realize that it was wrong when we lose our money.
Actually, the most common problem why people lose in trading is just because they'll into emotional trading. Patience will somewhat play but not all the time. People keep holding their shitcoins because they have patience and they are thinking for a better price sooner but does it help them? No, it wasn't helping anyway instead, it is a waste of time.

One thing that I believe is very important is knowledge, as this is what you MUST have if you are to succeed in trading. I find this rather easy and simple with YouTube and other platforms, as through this it really helps me to move forward. We can learn a lot with Crypto Videos (https://cryptolinks.com/crypto-video-knowledge) or various other ways for trading, it’s all that makes you feel comfortable and is one solid option through which you can make good and consistent amount of money.

without knowledge impossible for us to survive in any financial market.people will easily loss their money and also it will make them stress or even give up.many knowledge shared freely in world wide web.with this resources we could improve our knowledge and our goal will achieved consistently each month.

if we see on the profitability, many trades dont mean it will get many profit too, because it's short term
few trade doesnt mean that it will get few profit too, if choosing the good one coin can be up drastically in the future
so, i agree that trade too much isnt good in trading and shouldnt do that

overtrade will make us loss accuracy in analisys.we just thinking how many profits that we could earn.personally i am prefer focus on one trade but it have high accuracy and possibility to earn profits.money management very important ,with less trade we will freely manage our money and could do many risk management.

For me, it depends on the person/ trader, which is his/her weakness in trading, but most reasons are emotions, patience, overreact. When it comes to emotions, its like patience because if you can't manage well your emotions, it ends up breaking all your plans and calculations. We all have a different range when we buy and sell, but if you can't deal patiently with for your profitable rate, I'm sure it will be different calculations. Also, some trader is overreacting that they panic selling their cryptos because of some fake news/ unreliable news. :)

Patience as always, we often read or heard this world in every trading venues that we will going to deal with this business. You need to bring a lots of this while working with your investment as you can control your emotions correctly if you have patience to analyze before you react with the any situational things that might affects your trading system.

Chances of surviving is much higher when you know that you can stay calm while you are observing what possible trading strategy to use in order not to lose your position.

Exactly there are a lot of YouTubers who only make videos about trade prediction, actually they do not know anything about trading, but there are some genuine youtube channels and other websites which I use to get knowledge about trading because of which I have earn a good amount of profit in trading. So I think in trading patience and knowledge is the most important thing.

Why not just simply say never be greedy?

You just added "too"  in every negative way to exaggerate the word but there are already made words to identify that.
There is no need for three things, just one will suffice.
Again, it is greed which will put you into a breaking position when all your money is currently in the losing side.

Thanks for the insightful guide. I like how you just hit the nail on the head. I've encountered some if not all of them. When I was just starting out, I got caught up the whole "become a millionaire" trading frenzy. With time, I made more trades than I could count. I didn't really lose but I ended up accumulating more than enough fees. That's why I'm still learning and I always advise new traders to do same.

When you get the knowledge and put in the work, the rewards are endless.

Being an individual traders in this field of business, we shouldn't be greed at all times every time you decide to make trade in the exchange platform. Then, being emotional too, this is what I always saw to the most traders too, were it lead them most often to loss their coins or capital as well, and also we shouldn't be impatience if ever you like to apply long term holding in such a coins.

Yeah, there is something in trading should be avoided, if you are a newcomer to this trading then you have to follow some basic things, some of three are mentioned very clearly, I also think that trading too much may bring a crisis very often, trade should be organized and planned in a way, otherwise all the taken steps would fall in a vain, also you must think twice before trading and the amount of money, never think that the high volume does not always turn a good outcome, I know a lot of events that small amount of money give back a large amount of profit so be cautious, another thing is that we should follow a method which is best suited to us so that we don't give much time and tension to maintain trading.

There are no limits or boundaries if you trade in good way and not indulge yourself in ilicit activities provided you have proper knowledge and skills to compete in the market and generate profits for your sake.But you have mentioned some good points for newbies in trading and they need to learn that they need not to be dependant on others like expert or trading groups who provide signals just to make their own profit by fooling investors.So be your own advisor.

This is mostly traders lose because of greed and cannot control emotions. This happens indeed so traders should be cautious on our move when trading coins to have at least earning profit. Also, let's manage our attitudes during trading, our achievement in trading occurs in our hands.

trading must have characteristics that can control patience, not easily affected and avoid greediness because these three traits will only make you lose when complacent, trading must be careful and in my opinion if you want to get profits you should be able to avoid these three traits.

When an opportunity arises, you can't really blame traders who will go for 3/4 or all-in when trading. We are humans after all--always filled with emotions, excitement/eagerness when we see something we know we can benefit from--it applies to everything. Greediness, on the other hand, is arguably a sensitive topic. Not that you're referring/labeling a person being "greedy" but I think the term is a perk in a way, especially when it comes to entrepreneurship/business, people that have this trait is very eager on earning money. Though this could be viewed in a very different manner, many people are accustomed to "greediness" as a "bad" trait, but I'd say otherwise.

Knowing a lot of methods is not a bad thing, it actually indicates that traders are person who want to keep learning.
Even when constantly changing the way is also not the wrong thing, could be done to find a method that suitable, fits in the sense of capital, emotions, the time the trader has.

Being too emotional when you trade is one of the most common mistakes that traders make and it can be one of the most costly, the reason for this is that you only need to make one mistake to erase all the progress that you have made for years in a single day, I have a friend that is a trader, he doesn't trade cryptocurrencies but he trades other markets and during two years he was able to obtain small but consistent profits.

And then one day he made a mistake reading the markets and he lost money, he lost months worth of profits and while that was bad it could have been fine if he just calmed himself down, but he didn't, and he tried to recover all the money that he lost in the next trade and he lost way more money as a result of that mistake.

one more, many people said that trading is a game, but i think that's wrong. because if it is a game, traders just do it for have fun, not serious to do
so, having perspective trading is like game should not do by traders. because wrong perspective can affect so much in the trading OFC
trading must treat like a bussines. focuss, accountable, keep learning, patience, hard work, research

We can't blame a person to become greed, it plays around even before in ancient times. A lot of ways that people could be in greediness, either claiming the power or in money matters. Most likely we are living in that way, even a President, even a businessman, we can't escape from this because we are a human and we live into that. It won't be bad or a threat to our life if we are doing in the right thing, not in illegality.

Trading is not that easy as people as thinking, we need perseverance, capital, a lot of effort to learn about different strategies, be ready with losses, patience, always be ready that not every time our technical analysis is correct, everything could happen too so we really need patience before we finally meet the altitude of success.

Yes I agree with you. Don't trade too much. Know your limitation on your capacity to manage and market situation. And the summary of your tips is do not greedy because it will drive you going to loss. All of your action here in trading business even a small decision will have a big impact to your investment,do make sure that you will think and study your every move.

Some peoples words don't matter to some. In trading we have different strategies that works for us. These strategies don't mean to work to all. This is why it is hard to comment on other traders when they are doing great. Multiple trades daily incurs many fees but so long as these traders are gaining and piling profits then they are doing great. I saw someone that have minimum of 10 trades daily in forex and he was doing great. He may lose some but he offsets it on his next trades.

Patience has been trait of apostles, saints and successful people. This is a rare trait and people don’t understand its importance until and unless they have taken some wrong decisions in haste. There are numerous examples where traders lose huge amount of money because of being impatient. Those people who are impulsive shall never ever do trading.

You forgot one thing "lucky", why is that? because even though you have enough insight about trading, but if you are not lucky it has no meaning.

For example, technically the support is at range of 1500 sat, and you place a bid at 1510 sat. If you are lucky that target will be reached, but if you are not lucky yet that target will not be reached.

In short, if the support is 1500 sat and you place a bid at 1510, because you are not lucky, the price only touches up to 1511 sat.

I like your information and this three are all the most common problems of a trader. At some point we don't know how different traders use this but they are able to gain profit.
Trading to much is not good but for some traders who master their own techniques will trade too much but will exit after lossing some small amounts.

Trading too much volume
This is a high risk, high reward of course it need to be calculated and all trade plans should be followed or adjusted within the market. Many high volume traders manage to earn.

Knowing many methods
It is good if we know and learn to apply every single method in a profitable manner or with a strong strategy that we can used.

Being emotional is one thing and taking decisions out of these emotions is other. We all are humans and this is impossible to be a robot for us. A trader can skip panic selling if he truly believes his asset and follows the simple rule of buying low, selling high. However, if a trader is trading with a new token and expects it to be a reliable and profit promising like bitcoin, that is not possible.

Good points, but I don't think trading too much is a problem in itself. Algorithms make a lot of money daily through high volume trading (you can verify this with a few google searches) and I believe that it's the trading too much without a plan thats the issue. If you plan to trade, you should plan to both win and lose as well, the psychological effect is only a side-effect and can easily be handled as long as you have a plan B for when a trade goes wrong.

Actually these three things can be something positive if we use it well right? Who says, having lots of strategies is a bad thing? but if you focus too much with many methods it will certainly make you dizzy right? The point is you have to be wise in using the methods and strategies that you master.
Then too much volume can also be a positive thing because you can make profits quickly because the market is crowded. And too much trading is also positive because it provides a large profit to you, all of that have positive and negative effects.

I also agree with you, although everyone understands that too much is not good but sometimes we should not only look at this negativity, we should see the good points when we do something too much, as many methods will bring many ways to survive in many different markets. Large volumes or too much trading will not be a scary thing when we manage and monitor everything, should not be too in trading is probably too rushed, this market moves too fast making us forced to react according to but unfortunately, this is not recommended when it is very easy to make mistakes.

I think you didn't even respond/reply to my post, you just reiterate what I've said.

People think that "greed" is a way of feeling, but I'd say it's a way of thinking. The decisions you made are all in your head, it is determined--even if it is wrong or not. That's why I argue that "greediness" is influenced by feelings. We could be driven by feelings, yes, we can't deny that but that doesn't change the fact that "greediness" is a choice.

So you are saying that human beings are innately "greedy"(?), could you discuss it further? I'm not convinced.

1. it depend on situation , sometimes, market movements can change suddenly. u know like some whales make a pump scenario to coins wich low volume, and posiblity we can take some profit from that if we can follow the whale's movements.

2. well, this might have a point

3. totaly agree about this one, sometimes, when u lose , u will think using another method , but with market conditions that are still the same , it doesn't help much.because basically you have used the wrong method when you first take action trading.it actually makes you seem inconsistent.

When it comes to FUDs, I don’t think that should even be any problem to anyone to actually not be able to control, where the large problem is the emotion that is involved in trading, this is where many people fail a lot, because it stops them from having a clear direction on when to buy and when to sell because of some environmental factors.

The best way to actually control our emotion in this aspect is just to make sure that we apply some of these trading tools, which can help us to make decision. I am an emotional person and I will not deny that fact, several times that I had tried to control it by myself, I find it extremely difficult to do so, the only time that I am able to control my emotion is when I apply my stop loss and profit taking tool and I feel this is one of the very vital tool not to toy with.

That isn't true. No matter what we do we can't really "control" entirely our emotions--it's our emotion, after all. What we can do is to manipulate(suppress) it. These tools are just methods/techniques in trading it doesn't really help--when we are trading we can feel excited/depress, but what we forget to do is to be confident in our trades. If you're confident enough: whenever you earn something you're satisfied and whenever you lose something you will not panic. Of course, this needs "getting used to", so practicing this kind of mentality will help you in your future endeavors in trading.

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Yes, as they say, "to each their own". But that's not the only method we can do. Trading sites(applications) now uses an AI to do the trading for you, you will just going to set the amount to when you buy/sell, e.g. if the price would be $3k in the next 24hrs I will set it to buy x amount, then if the price would be $9k+ I will sell x amount.

It's somehow true but not applicable for anyone. Too large volume has a advantage for scalpers/day traders who are just targeting a minimal percentage profit in which they are using stop loss to protect their account losing too much since huge trading volume tends to be more volatile thus you have to execute your trades as quick as possible.  

I also think that whether to trade or not highly depends on the situation. Not only this, if someone has good day trading skills and can make even little profits on daily basis he should go for it. During the peaks of dumps and pumps, trading volume should always be as large as possible. For the last one, I think it would be enough to say that the more you know, the better you will survive.

It should be possible to comment on the strategy that other traders are using to make money and identify even if those strategies could be improved or if they generate profits at all, but most of the time that is not possible for two reasons, the first is that very few traders reveal their strategies because they are afraid that if they do someone is going to steal it and use it to generate money in the market and this could have the effect of their strategy not been as effective as before.

The second reason is that as surprising as it may sound many traders do not have a strategy that you can actually test, their strategy is very subjective and based on what they feel at that moment and it is impossible to test a strategy like that.

Yes, we will have some sort of strategies, and it may the same to others, that is why it is so important to trade on your own ability after you have studied trading, start from small capital and try and try, as your experience will lead you to the right strategy that will fit to you, exchange platform is important too, so trade on a highly reputable exchange.

The very same strategy will not work every time. As others said, there are so many strategies. So why do you have stick on only one strategy just because it worked for you a few times? That's unlikely to veteran traders, their mindset and strategies, you could say, are also volatile. It differs from season to season. Later on, you will realize that as an experienced trader, it is crucial to use different strategies for different purposes for different ways in earning profits.

The sentence you mentioned is actually a trick for novice traders who are learning. many times I see that there are indeed many who give that opinion. even though it is clearly detrimental to many people. and now it has been proven that many people are already aware that market analysis using indicators is accurate and valid when trading

It depends on how the mentality of the trader. In my opinion trading too much can increase your understanding of many situations and gain a lot of experience, can indeed make a burden on the mind. Large volume trading is a good market, and knowing many methods is a great knowledge. this all depends again on how the user can survive the trading situation.

Right, in trading you can win big and small both but you will not look down any kind of profit better increase your profit by increasing your knowledge but  always keep your mind open about the price change as buy low but don’t make quick decision to trade for short term it will be much better to trade for long term and make good profit.

Having a lot of experience will be our weapon to get the success in trading, it takes time, a lot of effort, a lot of failure, frustrations, heart ache, head ache worst is also depressing, so it will be up to us how much we are willing to accept those failure and will be up to us if we will still continue or stop. Remember that, after the rain there is always a rainbow.

In my opinion, trading is more or less a matter of asset that trader has invested into and his skill-sets. For instance, the bitcoin holder can trade any time because it is the most volatile coin which means trader has always the opportunity to buy low and sell high. That is how day traders are able to make profits even during dips. But those assets that do not present good difference in value depend on time.

If it was just about indicators and some market analysis tools then all the traders would have been rich by now. You cannot use a tool when you do not possess the required level of knowledge to get benefit out of them. Nothing can replace skill-set and knowledge. Novices and experts both have same access to same weapons, then why it is that experts are far better at taking decisions?

So the trader must have experience in trading on the exchange, if I am still a beginner, I think you should am ready to lose, trading skills must be there, intelligence in understanding graphics must also be able to predict coins that will promise to be precise, because trading requires concentration, looking the correct exchange in great interest example: Binance is the world's top exchange that has real customers.

Well, that is pretty ture and a great thing for those who are struggling with their poor trade Execution.

The mental state of the trader is highly important. There are people who are involved in trading and are hell impatient; they are often seen experiencing a lot of losses. I often say that one shall do things according to his or her temperament. For day trading, you shall prepare your mind for hectic routine and often you are going to encounter troublesome situations while you are ready to make a deal.

Indeed, we should not just rely on paid signals, from our friends portfolio, from experts that we do follow in trading view, remember that they are just guidelines but let us have our own strategy, as we differ from time, capital and mindset. Still the best way is learning on our own and knowing the risk of it.

I'm actually one of them but I realize that is wrong and being an impatient person never achieve their goal.  For that, I eventually change my mindset and turn into positive one.  It was not strategies could be a center of trading but to look inside of us where it goes wrong or are we doing the right things as obviously there is something not right.  If that so,  we can evaluate that we are in the right or wrong track base of the results.

The 3 things you shouldn't do in trading in my own opinion are

1. Don't trade if you don't know what you are into - Be informative on the latest happenings in the market especially if you aiming to buy some alts there a good research is needed so that you will not fall on dead or been trapped on dumped coins.

2. Never listen to the fuds sometimes there are sick people who spread fud news just to create panic to the newbie traders and if you been caught by them for sure you will miss the gold(profit) times or worse you lose your money.

3. Hand your money to the people who said they will trade for you and you will earned a percentage daily since a huge possibilities that they are 100% scam.

To many something like that especially if you are reading the chat box of certain exchange(some exchange having this option) and also in telegram groups and other social networks. But for me I don't listen on those since I'm on my god feel and visiting the official channels of the coins if I wish to hold them for more little longer.

This is highly effective, avoiding over spending is a great help for traders. Do not trade too much, yes trading is exciting and fun but you don't necessarily need to do it all over the time. Take a break, and look around you might be not aware of the incoming storm though. Know when to stop specially if you are being all controlled by your emotions.

I don't think it is bad idea. Knowing a lot of methods is helpful specially if you are not lucky in a certain way of trading  so, at least you are flexible to adopt certain changes.

It is true that the same strategy is not going to work all the time, however there are strategies that have shown time and time again that over the long term they work and if your goal is to make money on the long term and not the short term then it makes sense to only follow one strategy in order to avoid confusion about what you should to in a particular set of circumstances, and this is even more true when the market is very volatile and can move very suddenly.

This is important because sometimes you need to take decisions in a matter of minutes and if you had to explore several strategies to try to tell what it is the best course of action then you could lose valuable time instead of taking a fast decision which is what it is needed at that time.

If you can play smart since you do have control over yourself, the chance of getting a good time while investing to this place can be converted to profitable journey. But if you are not ready and you don't have the attitude chance of surviving will be slim. This industry have a lots of factors to consider, knowing the right thing and follow your own understanding will helps you to achieved things that you wanted to have inside this market.

Chatbox is home of trolls, I never use that in Trading, unless I'm on the mood to troll someone too (lol) or when I am having my pastime. Group signals is helpful when you know how to nurture it, how to derive the equations that's been given by professionals, and if you basically doesn't do anything as a Trader, you know, you are being a baby that is always being spoonfeed by others, then don't expect something great.

If you want to simply invest and hold, then you will not be much affected by the changing nature of crypto market. But if you are interested in day trading, you need to definitely have strong control over nerves as altcoins fluctuate easily all the time. I always recommend new investors for purchasing bitcoin and holding it in wallets for earning some money. This will build their trust in the market.

I'm sure new investors won't stick with bitcoin investment, because they'll see many movement on the markets with the alts.
When i was new as an investor, i bought bitcoin and just looking for bitcoin investment. And i've looked for the market and see any other coins rise and down and then i tried to invest other coins.
I think any new investors in crypto currency won't stick with only bitcoin as their investment, they would buy another coins too.

It depends on what you hold since if you mean the bitcoins for sure you will end up happy since bitcoins got huge potentials and you will gain on it's natural pump in future but with alt's? I choose to disagree since base on my experience I lost to much $ for holding my coins for long time period and I truly regret it since I miss the chance to sold when the price is high and now there's nothing I can do but to dump at cheap price since the coins I hold is almost dying today.

Not so many people have the nerve or the strength for trading really and no matter how much you push them or try to break the trading down for them to understand, they might never really be able to get it right or be able to follow rule of trading, especially when there is emotion involved which I think is really the main issue with trading.

The best I usually advise people to do is to go for full long term investment and not be into too much rushing to be after instant profit, but at that too, they have to make sure that whatever long term investment project of their choice should be one that is truly deserving and when talking of coin that is truly deserving, I think that it is bitcoin they should give that chance to, so that their time will not be wasted in future on an investment in some of these coins that have no lifespan.

This is common sense and yet I see many people unable to grasp that fact, just because the market of cryptocurrencies can give great profits doesn't mean that everyone has the ability to take advantage of it and make money in this market, if anything the small number of winners and their incredible profits should be a sign that only a minority of traders can make money in this market.

Many people after experiencing the difficulty of making money while trading try to become long term holders, but that comes with many issues as well, the most important characteristic of a long term holder is to be willing to accept huge losses in the short term and keep holding their coins because they know their coins will go up in value and many people do not have that characteristic either.

Especially the one on Yobit. There was a better one on BTCe but that's long gone.

It's a simple truth in trading that poor people read all the guides and analysis they can get and they are still manipulated and barely earn anything. Rich guys don't need to read TA all they need is visible on the chart as they go and the big supply of money they have does the rest.

A traders can avoid or ignore or even do not do while in trading is too emotional that can affect his/her trading because the common cause of the people why they did not earn money because they are panic or scared when the price is dumping there is many that we need to avoid while we are in trading that cannot help to us only use that we think it can help us.

Definitely we should not trade more than what we have. Its always been encouraging to trade more to gain more. However, we should know our limits. As they say, too much is something bad enough. Being in moderation is not bad. Its better to be safe than sorry. And being simple and basic is mostly safe. Sometimes more knowledge may sometime confused you and lost your focus.

Your inputs are all helpful and what I can add in order to simplify all of it is that. You should control yourself and make yourself comfortable to what you are doing, you should stop learning different methods at the same time instead you should focus on those methods that you are comfortable with then master it.

Trading is somewhat uncontrollable sometimes so you should avoid this kind of scenario in order to minimize your losses and maximize your profits.

I just want to share, there are some people in the cryptocurrency space that utilize lending platforms to have initial funds for them to trade. Could we consider it as trading amount more than what we have? because for me, as long as you know how how to trade and you're willing to risk amounts of your funds it will be okay. But risking too much such as a newbie borrowing money is not advisable.

I literally laughed out loud at this.  I would also add that members shouldn't try to post shitty vietnamese translations done from google where things come out like 'me trade you long time' and the like.

You're right, tho.  There are a lot of things one should not do whilst drunk and trading, gambling, browsing ebay, and pretty much anything to do with money top the list.  As far as trading is concerned, you really need your wits about you and when you're impaired you stand a greater chance of losing money.  That's why casinos always comp their players with free drinks.  They know.

I might also add, don't do anything, while you're "high".

But I also think alcohol calms down customers, they're usually tensed, also it makes the gambling even more fun. And I would agree with you, casinos know how to do their business.


Wits are not enough alone. You have to know where the market price should go in the next few days/weeks, speculation if you will. So when trading you can expect what is about to happen, to prevent loses.

Good idea,
Everyone can make a profit without learning my friend advised me starting cryptocurrency trading starting a low amount day by day increased with learning but have no experience crypto trading.

Me too, I am borrowing money here for trading, But I have my own money. I just need additional capital for more significant profits. That's basically what am I doing when I am sure on that trend or that news, I will go all in and set a stop loss, So if I am wrong so that I can pay for the money that I borrow. Still, so far, I am not losing when I predicted that it will be a sure thing.

Well going through lending platforms should be considered only if you're at least knowledgable or experienced already in trading. I don't recommend borrowing if you're still trying to get a feel of the market. Stick to trading with small amounts you can spare since that would be the time where you'd mostly encounter consistent losses but helpful experiences.

yes i agree with you all, especially 1 and 3.
When greed comes after we have some market wins, we are often subjective and greedy, thinking that we can beat the market every time we open positions. it's a sign that you're about to go bankrupt or lose it all.
Knowing too many methods will dilute our real experience. For me, I choose only the best and most accurate methods to learn. Besides, I don't want to know anymore because it's too confusing and uncertain.

That's an understatement for being greedy--it takes way more than that. I think people are just being opportunistic, they're risking, to earn more of course. And I'm sure they are aware of the consequences of their actions. The way you say it is like they are gambling more than trading.


Well, good for you. You have the "best" and "most" accurate methods in your arsenal (nice flex).


That's too bad then. Being aware of other methods could be useful eventually. Besides, there's no "best" and "most" accurate methods out there. "Meta" exists for a reason.

Overtrading is a huge problem for many traders especially those which trade 5, 15 or 30 minutes charts, if the strategy that you have verified is profitable gives you a signal to enter the market you do it since you know that even if you lose that particular trade on the long term you will get some nice profits, but many times I see traders entering the markets just because they want some action or because they have not made a trade for some time.

And that is a mistake, when you make a trade you should know at what price you want to enter, why you are entering the trade, where you should position your stop loss and how much profits you are expecting out of that trade, if you cannot answer those basic questions then no trade should take place.

trading is about you and yourself , why bother to look at chatbox and get a random advice there lol.

you know nothing about trading if you are trying to get a god help through the chat box , even a desperate trader will stick to their own personal analysis rather than begging for an advice , i mean to consider it as a reference can still be justified.
but when you start trading based on people's opinion, that time you are switching yourself into a game called gambling.
keep in mind that you won't be able to become a good trader who making profit constantly overnight , there is a long way to go through.

learning and develop yourself up is the key , finding what should you do and what shouldn't you do in trading is the best teacher you'll get through trading experience by yourself without bothering people around you, keep moving on no matter you get a straight loss, it is the part of the success procces.

People rely so much on others that they forget no matter what advice they took or followed, every decision they make is still on their shoulders. People are naturally not confident to do things, so they consult others if they should do it or not. And whenever if its a failure, they would blame the person that advises them--that's a messed up mentality.

If you think about it, the opinions of other people don't really mean anything for you, it only means for them. Though there are good positive advice and would really help you, still that's not enough to make you better. You need to do things your way and learn from it, failure is proof that everything isn't easy, you have to go through a lot before you achieve something good. Believe it or not, even "gifted"/talented people never stop to polish their "gift"/talents.

Borrowing is never to be encouraged except maybe the trader is extremely sure that he is a professional trader because when you borrow to trade in a market that has lots of volatility and uncertainties, once could lose all the money and there is also probability of having lost of profit, but the risk in borrowing is too much to take, so I believe your advice is still the best to be taken by those people.

It is better we save little money and then start to use it to trade until it becomes a parcel of us and we have mastered everything to give little chance to failure, if we start with little and we are diligent with our trade, I believe that we will be able to gradually build the value up gradually till it becomes high.

I strongly agree with you mate, it is not good to borrow from other people when you are trading surely you are risking your money so it’s much better to risk your own money than of other people so in case of losing it will not be double lost. The other thing according to me a trader loses money because of panic selling so better not to trade for the day if you are not an expert trader just go for the long term but never sell for panic selling.

If everyone on the forum especially traders understand this thing, I am sure they will never feel disappointed in themselves upon making mistakes in market. This is natural that we humans try to seek help from our fellows’ especially when we have to make some critical decision hoping that we will receive honest advices. Other people even if give great suggestions, they suggest as per their experience. They are not in your shoes so always try to make your own decisions.

This is the worst that ill read in this thread, If going trade then we are drunk ill think it is not a good idea.

Maybe we trade all of our coins we have in no time cause of this doing drunk while in trading, So we must be avoid that kind of works. We need to clean our mind first if we start in trading. Actually we can do that drunk if we have a free time like enjoying in our friend or family.

This is a mentality that gets established at a very early age in schools, kids begin to rely on their teacher to know if what they are doing is right or wrong and to know how well they are performing academically and this is something that remains in people even at an older age, I remember that after a test I had a good idea of what my grade will be and I did not really needed the teacher to tell about it and yet no one else had an idea of how well they will do and waited until the teacher told them.

And the same is happening here, I do not need anyone to tell me what trades to do because I have a very precise idea of when I will enter and exit a trade.

Each person has their own unique way of deliberation. So first of all, trading rigorously like someone's rules is nothing but stupidity. Second, you have a lot of Patience to rectify any predicament. Third, don't endow beyond your means.
I reckon these 3 things should be heeded. There are also numerous aspects to omit.