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   There are many mistakes we make in crypto trading, crypto newbies as well as those that's been into crypto for a while often make this same mistake.
However, allowing yourself to make too many mistakes in your cryptocurrency trading journey can end up being a source of discouragement, as we all know, the market does not forgive even an honest mistake, and even the smallest mistakes turn out to be very expensive at times, so it is advisable we always advice ourselves, do a proper research before making important decisions, don't depend solely on market signals, it is true that many have made a fortune through market signal, but also alot more have lost everything through it as well.

Few tips I feel will help us to avoid some of the mistakes we make or are likely to make in our cryptocurrency trading journey are - but not limited to -
 

• Going all in- it a very bad habit, never ever put all your eggs in one basket. ^{it's a popular saying.}
• Crypto is not a get-rich-quick scheme- so seeing it as one is a big error and can lead to a lot of other mistakes and loses.
• Purchasing a coin mainly because it's price is low- many people avoid buying coins like bitcoin, Ethereum, bnb because they feel the price is already too high, so they opt for Shiba inu kind of coins which give them billions of coin for a dollar, only for the developers to abandon the project after few months, and they end up loosing their money- don't do this, it's a very bad habit, and the result of making this kind of mistake can be very expensive most times.
• Being a victim to scam/con artists- Avoid this at all cost, you can achieve this by educating and enlightening yourself, "when you know what they know, or even more than they know, they won't be able deceive you", its that simple.
• Using other people's market signal to trade- doing this saves you alot of time and also makes trading very easy -, but remember, "good things don't come easy, if it does, then it comes a child's play", learn to do your own research, analyze the market, technical and fundamental analysis, learn everything you need to be your own boss in your crypto trading.
• Making use of exchanges with high transaction/withdrawal fees - you don't wanna make all those profits and at the end of the day, loose it all to the exchange due to their exorbitant fees, be it in whatever form "trading fees, withdrawal fees, some exchanges even charge deposit fees", avoid this kind of exchanges, they are the number one joy killers in trading.

The list above is derived solely from my own personal observations and experiences, feel free do add yours.

Lol, this is really me at first when I entered trading. At first, I think signals can make you profit since when I tried this (joined groups in telegram and also group chats in social media), it was going well at first, but imagine someone just giving you a signal when to trade and I am thinking this like if someone will tell you to eat a poop you will eat it because you want a shortcut to gain money. This is really dumb  because in the long run that you they will ask you to pay them to continue on their market signal business and you are finished this time when you are not paying money . So it is the best to learn on this.

I think this should be added also

• Getting greedy: we know that we are emotional when losing. Someone tends to try to win back all the losses which lead to trade over your capacity and loses more again. We should learn control our emotions. If we get emotional because of the losses, walk outside. That is the most common word you will hear when a trader loses a big trade.
• and without a concrete strategy - This is most of the newbies' problems because they trade without a proper strategy. You should list first your target profit or where you cut your losses, or when you take this trade (there should be 3 or more indicators showing to take this trade), watch the news, and many more.

There are some wierd exchanges that derive pleasure in exploitation. I know of a few local exchange that makes their customers pay for deposit and withdrawal fees and the make them believe they are doing their customers a huge favor. Most time this happens due to ignorance

Anyone doing this will later go for paid signals and this is just a scam, even anyone can give signal to be paid for. The best for a new trader is to use the amount of money he can afford to lose to trade, starting with very low amount of money to trade, using it to learn. Time will tell if he will want to continue to trade or not, depending on net profit he make. A tradeer should focus more on how not to lose than how to make profit for him to be a successful trader.

On many trustworthy exchanges that are centralized, the transaction fee for bitcoin is always high, this is one of the reason some traders with low amount of fund are leaving it on the exchange, but a centralized exchange can be hacked and this is the reason all funds a trader is not using to trade should not be left on a centralized exchange. But about bitcoin, if the fee on noncustodial wallet can be less than $1, exchanges charging $20 or higher are charging too much but is usually the case, most trustworthy exchanges charges up to $20 or more.

The fee for some altcoins are low though, but some exchanges are also not good because the fee for altcoins are high, one of the exchanges I have used before with altcoin high withdrawal fee is HitBTC, this has been one of the reasons I left the exchange in addition to the complaints from many of their customers about the exchange forcing them to get verified as their accounts were freezed.

All of what you have said is true but there is a really a lot of errors we make in crypto trading and not just that, I would like to include some of the errors based on my experience:

- Rushing to trade with leverage (Futures trading)
- Not using Stop-Loss
- Hoping (Hoping that the price would still recover which is wrong, whatever the market is showing just rely on it don't think that there is a chance)
- Learn to accept losses
- If the market shows reversal respond to it but make sure to wait for confirmations
- Relying in trading groups

This is just my personal errors that I wanted to share to all traders and this is all based on my experience as a trader.

Not just local exchanges, some international exchanges charge deposit fee too, atleast, I know of latoken, I used latoken for a very long time, Infact, she was my best exchange at the time, until she got so greedy.
First, they started by raising withdrawal fee up over 100 percent, and after some time, like couple of months later, maybe the money they were generating from the already high trading and withdrawal fees weren't enough, they decided to impose a deposit fee thier customers, this means that when depositing, you pay the network fee and latoken exchange still take 1 of 2 percent off the total amount of coins you are depositing.... This is day light robbery.

I know of another exchange too( i won't mention name right now), that charge fee in the native coin of the blockchain network you are withdrawing to and charge another fee on the actual token the customer is withdrawing.
For example, a customer wants to withdraw usdt from this exchange,(^{we all know that USDT runs on different blockchains}), so let's say the customer selects Tron network as his or her preferred blockchain, this exchange will require the customer to pay a fee in TRX (ranging from 20 TRX up) and they will still charge this customer 5 usdt withdrawal fee.... What do you call this?

My mistakes only when it comes trading is when everytime i'm going all, actually some of them are accidentally, but i can really tell that it's always my mistake when i see a sign of long position or shorting. because it seems a coincidence that the market always suddenly changed direction afterwards, but if I'm not going all in the results is always good.. ??? Lol  
Well i'm glad that there's a stop loss because probably if it didn't exist I've already blew my capital..  ;D

The errors I made in crypto is catching the falling knife or when it goes up a lot and going for short. I learned from those mistakes I hope soo.

Of course it isn't, but quite a lot of people do not believe that, i think a lot of problems people have with crypto stems from the fact that they want crypto to make them rich asap, as a result they invest/trade without research, they invest/trade with more than they can afford to lose, they become impatient, they choose 'lottery' coins and end up in the receiving end, etc. People need to take crypto trading/investing as what can produce/provide a secondary source of income, that way they would be patient enough to do their research and make good decisions.

In truth newcomers need to understand that there is no trading guide that can guarantee them profits, all they must do is learn all there is to and make the right choices, but profit and loss remains a possibility, but when you lose, just learn from it and move on.

This is another angle to the discussion around exchanges and their commission.


I totally agree with the point above, liquidity is very important for the ease of trade and peace of mind, I already know this, but I ignorantly didn't mention it on my post because I thought traders should already know this too.

My honest idea behind the point you @Ratimov quoted above is that traders learn to balance the equation for/by themselves, and that is to find a great exchange with great liquidity and high trading volume plus low fees, we all will agree that Binance exchange is currently the best in those regards and even in many other regards like security, law abiding etc , but then, we mustn't tell everyone to go to Binance, traders should be allowed to make that choice themselves through their own research.

Most of our errors are related to the psychological factor. We can learn many new techniques to work and alot of theory, but it is really hard to deal with mind factors.

I have been in this too and I ended up gathering shift projects that didn't bring returns. Buying based on price alone may not work well but if the project is cheap and you consider other factors to be good, it is possible to be a good investment but I don't invest blindly.


No matter how I try to do this, I don't get comfortable with it and I end up doing my thing. Doing your own work will eventually take you to proper strategy that you can grow with, trading like other things can be better with time and experience. We always to know that nobody knows where the market will shift to in the next candle hour so having this at heart will tell you you have to understand the trade yourself. No trader is perfect and no trading signal is perfect likewise.

I think that is true. We all know that trading requires a lot of things especially psychological factors.
We need to aware the fact trading is risky thing to do but sometimes our minds often convince us that if we ​know something, we could do it if we wanted

That is what I've got in the past ;D

I used this the first time I went trading. Using other people's market signal to trade and then going all-in is the perfect combination that will make me lose all at once hahaha.

But after learning more lessons about trading, I tend to reduce my funds to trade just because I am afraid to see a big loss like before. It gave me a trauma to use too big money at once and try to split it into 3 or more parts.

Until now, I have tried to stick to that, and it works for me so far.

This is where i do believe that most people do really not missed out on thinking up this way specially when we are still a noob or new into this market where we do really have that thinking on making ourselves rich in a short time with crypto investment or trading and with this kind of mindset and impression then that would really result into careless actions and since we are just new then even
just doing the very basic risk management would be missed out which would result into losses and thats the time we do make out some realizations that dealing with this market isnt something
simple as it looks. First impressions would not always last in the end specially into this market.

In addition to that,
 1. Lack of Technical and Fundamental analysis -

I've found this very important upon doing trading. Common mistakes that most noobs do is to rely on luck and do trading without any basis. Perhaps, I've been trying trading without TA just to see if it really works, but unfortunately, that only it ends up losing.

I have to say that trading needs not only just having knowledge and skills nor to rely on LUCK and Hopes, we need to improve our analysis, somehow.

I would like to highlight the part of donyour own research which is what most of the amateur traders commit, they simply follow the signals or guidance of someone they found on internet but how they trust someone is doing for us without any benefits, normally they influence people to invest in shitcoins for that they are getting paid by the team but at the end the investors rather traders as well will be be on the losing side.

It must be a complete package when you're in trading, technical, fundamental analysis, and other automated trading tools that can be used.  Don't rely on a single source, you've always had a preference when there are more of them.  Trading without this it seems like you're in gamble and guessing what would be the result.

Errors are normal in trading, through these errors, you'll learn and improve your skills in trading because trading isn't the sole purpose of making a profit, sometimes it needs experience and learning how to handle the risk.

I believe this is a common mistake that people made especially at the beginning of their journey in trading cryptocurrencies.
They really thought it is easy especially when they saw someone who are flexing some profits on social media and for sure that's the time they are being lured to trade cryptocurrencies. This should not be the mindset of people who are starting to trade cryptocurrencies.

this is the main key why alot traders liquidate easily , they thing  in this market was a place to be rich person only in a night and deny all main rules in trading. and another points is there are still alot futures traders using over leverage and high margin in their open position , honestly this is ever to my self and now i am trying to controlling my psychology to be a little calm and not over trade.

There are lot of mistakes that we make as trader even after surviving long in the market but the time gives you experience and knowledge about market conditions and certain rules that can safeguard you in tough times making right choice.At first i also invested some amounts that i was not willing to loose and the choice of coins was not right but as said time will tell you the difference and opportunities to correct it.But don't be emotional and move with full research.

I had been badly hurt while trading without a stop loss and trading with high leverage of 10x, with high leverage a drop in the price of the traded amount to a huge loss of my portfolio, I had been able to manage that area by trading with maximum of 5x which is more reasonable with a lower risk, I had also been hunted in with bad trading without a stop loss, I had a mindset of forex trading not knowing that cryptocurrencies tends to have a higher volatility thus tend to move faster than forex.
Finally I also worked my emotions especially avoid greediness after earning some profits.

Stop loss or not, it is hurtful of you use leverage for trading. If you are bad in capital allocation and management for trading, and if you use too high leverage, you will be punished by the market in red days.

Bad capital allocation means you use 100% of your capital for leverage trading. Consequently, in red days, in massacre times, and if stop loss order fails to save you because of Cascade effects, you will lose 70% to 80% of your capital. It's terrible if you all in trading with leverage, and after one bad trade, you lose 80% of it. Terrible nightmare certainly!

You have to consider to use Stop loss order and Stop limit order too.

What is a stop limit order? (https://academy.binance.com/en/articles/what-is-a-stop-limit-order)
One of the best weapons in trading (https://bitcointalk.org/index.php?topic=5173189.0)

Becoming rich through cryptocurrency trading must be structured and go through a long process, this cannot be done overnight. I feel sorry for beginners who don't understand cryptocurrency, they prefer to imagine getting rich faster, even though there is a big risk in front of them, sometimes they feel sad about what they are doing to sell their property to buy crypto and expect their investment to double soon. from the first step they have made a wrong step, then the next difficult thing can be guessed

This is theindset of those who only see crypto trading as a shortcut to success and do not consider its risks. They usually trade by emotions which usually result in losses. They only see profit and gains and disregard the possible amount that they could lose. A proper mindset will be the first thing that we should consider before we trade. Trading is a long process of learning and it's also a long pathway of the the journey and we still have a lot of circumstances to encounter before we reach the target profit that we want.

yes your advice really helps us in deciding to open a trade. crypto is not a place for someone to get rich, but crypto is a place where we have to spend capital and get profits if the analysis we do is right, if the analysis we do is wrong then bad luck will come to us.
one more important point in my opinion is "don't be greedy" take profits according to your initial target. because if you want a bigger one, I'm afraid the market will turn down again.

When you do make yourself hurrying up on things then you would lost in track where there are really factors which are needed to be done first and would really be needed for you to master or familiarize so that you

would able to sustain this market.Errors cant really be avoided though but could really be lessen out in terms of chances for it to happen, once you d o gain sufficient experience then you would really able to find out
that this market is something that shouldnt be rushed up on making out decisions.It should be done on a careful and making some good analysis on it if you do really like to sustain or survive.

Most of the newcomers see crypto as a big opportunity to get rich in a quicker way because i believe they are considering the higher value of crypto compared to fiat. Not knowing, that if they instantly invest or trade in crypto without prior knowledge and experience, it will easily lose their funds and they become poorer instead. So those who have mindset that crypto will make you rich instantly is definitely wrong. You will only become rich here if you have the knowledge and skills, the good and proven strategies, and of course patience all the time, but it takes time before you can achieved all of these.

Unfortunately this is so common that the vast majority of newbies at some point make this mistake at the beginning off their careers, and to be honest this is one of the easiest mistakes to avoid.

The only thing you need to do in order to avoid this mistake is simply to inform yourself before you come to this market, now it is true the volatility is higher and as such the profits can be higher as well, but what many people never mention is that the volatility can play against you as well and produce more losses than what you can get in other markets, if newbies understood something as simple as this and they lowered their expectations then they will not lose as much money as they do now.

Entering the world of trading means that we are ready to fail and also the possible profits, but that does not mean that we have come here to fail. Failure is normal and we must learn from it. I agree with some of the important points that are written here about tips to avoid mistakes in trading which will help us to trade well. the way we manage the trading assets that we have will have an impact on the results that we get. therefore we must be able to control our emotions so as not to be affected by the ups and downs of the crypto market. most mistakes in trading are too hasty and panicked, avoid them because it will make our minds more confused in trading.

I think if we speak trading itself it's not just about the profit it's also about having a knowledge about of different strategies so you can try different strategies if you think you aren't gaining progress with your trading skills. Entering crypto market is not just all about learning what is this and that it's all about experience and understanding and setting the mindset that not everyday is a profit day. Rest assured that your losing streak is minimal than your winnings.

The most thing that we actually find out right now is the wats how so many people only get i to crypto because of hype and also influenced by the influencers, people, and also allpromotions about new coming coins witg high specialty. moreover the coin is issued by influencers or celebrities that have so many fans or followers.
They put the money in the wrong way.

briefly, the pounts that OP underlined are actually true enough,but although have been noticed many times, these errors or mistakes seem not to be ended.

In cryptocurrencies trading, we many consider that trading a platform where we can get rich in a short time. So we hold coins without any target... Again some  traders invest some valueless scam projects without any investigation. Some enter the market at the time of bull run.

Above all cases the Major errors in the cryptocurrencies trading.

Great points i think over leveraging (or leveraging in general) deserves a spot there, so many people fall into this trap of trading with money you don't have thinking they can multiply their winnings but end up losing their entire capital.

I think there's no way we can change the perception of those who are new in crypto that crypto is a get rich quick scheme, the main reason why they come here in crypto. But until they start to invest and trade without preparations and lose all their capital, then they will come to understand that there's no easy way on making one's life become rich. Everything is done by hardwork, and of some luck. But if they will continue to learn in crypto, despite of all the losses in the past, they will eventually become rich in crypto but the process will definitely takes years.

1. You can go all in as long as you can afford to lose. You can put all your eggs in one based if it is Bitcoin. You won't regret and it is the safest of all options.

2. Unfortunately some people see it as a get rich quick scheme, invest in shitcoins, loses everything and then starts crying.

3. Yep, you are right. People should be looking at the supply and the marketcap, not at the price of the coins.

4. No matter how much you warn people, they will still fall  for those obvious stupid scam due to greed.

Exactly, mean we are ready to experience those two things from crypto trading which are profit and loss. Whenever you are experiencing losses or failure in your crypto trading, is a sign that you need to learn more about crypto trading so that you can be able to improve in the community not to experience failure than to experience profit making from the market. I believe some traders has learned from other traders emotional mistakes, not to be an hurry to sell in the market than to watch the market price very well before releasing them for sale to make a good profit.

Before you consider being a trader you have to make sure that you are going into doing what you love. If it’s not something that you love, then you wouldn’t be ready to have patience and dedicate much time that is required to learn it.

A lot of people that I have noticed who do trading today are not doing it because it is something that they love to do, rather they just want to do it because someone have told them that they can make millions of dollars from investing and trading cryptocurrency. That’s why most of them are impatient to learn, they are just chasing the profit and at the end they get frustrated and leave the market with nothing.

I know someone who become a trader because of the people posting their profit on social media (specifically on fb). Its not bad to follow the foot steps of those who made it to be successful in their chosen career but it is necessary for us to educate ourselves first before trying to enter and be a trader/investor. Without proper knowledge, he lost his capital after buying a coins that he saw on twitter because of the hype. Now he know the importance of studying and never be blinded by other people's earnings. The experience is really a good teacher for us to realize our mistakes.

Errors are common and we often encounter when trading crypto, but the most important thing is to always make sure that the price we set is what we want, especially if we are trading new coins which are usually cheap with lots of zeros after the comma so that if we don't alert then we can lose 1 digit.

Yeah, a lot of people just want to get profit because some people earn income from trading.
Unfortunately for them, they don't even know what they are doing and making some mistake.

Of course we make a lot of mistakes on cryptocurrency trading platforms. Some balls happen to us unknowingly due to which we lose all our funds.Before buying or trading any coin, never think about buying coins because of which we lose our funds in various ways.We must think twice before trading.Trading platforms in particular can never be overly greedy Excessive greed often becomes the main reason for us to lose funds.Some of the profits from your invested profits you actually have to aim to give up.There are many more reasons why we can avoid losses from crypto trading.

Not just newbies, even people who have been around for a very long time can still fall for a scam. It’s good to always educate ourselves and know what’s happening in the market and be aware of such activities. If we educate ourselves properly we would be able to spot fake projects or scammers from afar.

Just like this morning I got a call from my friend and he told me to check my WhatsApp for a screenshot he sent to me. It was a screenshot of someone who has sent him a login details and claiming that there are over $1 million worth of USDT stored in the account and telling him not to tell anyone. I laughed at it when I saw it because I realized immediately that it was a scam and I warned him to stay far away from that and not even reply the message. No one is throwing millions of dollars on the crypto market lol, that’s a full scam. Only greedy people tend to fall for such old tactics.

Have it in mind that no one is giving you free money in the cryptocurrency market, you only get what you worked hard for. Know it and know peace.

Most of the people who recently know cryptocurrency because of their friends who are earning a lot of money in Trading thinks that it's that easy, that's why they do it with haste with mindset that if they invested big or even small, they could multiply it in no time, but that's wrong.

Trading take a lot of time, money, and frustrations before you could attain the level of trading knowledge that gives you mostly profits than losses. It's normal to lose money on trading in exchange of experience or for you to know if it's really for you or not.

"Crypto is not a get-rich-quick scheme"

That was what it means. Many had thought that trading could make them rich, perhaps, that was a common thing to hear in the news (paid reviews and articulated feedback). People got crazy when it talks like that and they are rushing then and then suffer losses. Since they aren't able to learn and correct their mistakes, I'm not in surprise that many were still suffering the consequences of being greedy.

That is a pretty bad practice to be honest. But in more in-depth thoughts, people always saying you have to buy cryptocurrency when they are in "dip" price, but no one ever thought you what is the threshold of that "dip" and it could make a misleading advice. Trading is not solely looking on the price but there are some indicators and news that could help you determine which coins to invest next.

Using signals could be a great idea for beginners but after you are starting to get grasp of trading then that's your turn to do it by yourself, maybe you will get better reward compared to relying on signal.

I do agree that if you are going with leverage route, then you should be insanely well educated in trading and be a veteran. If you are a newbie then you will lose a ton of money. Most newbies end up going all in or a high amount for their leverage trades and they end up losing a few in a row and suddenly they are so down that only a big hail Mary will save them and they do that and lose that too and be gone. That should be the last thing you do, just put like 1% of your money into one trade in leverage because since it has high return, if it is good trade then you will earn enough, if it is bad trade then you will lose only 1% of your account.

People often see trading as a get rich quick scheme but as soon as they start to trade, that's when they realized that trading is broad and complicated, and that making profits in trading is certainly very hard. However, if you become a good trader, and has your own working strategies to take advantage of the market despite of its being unpredictable and very volatile, you will come to find trading that generates a huge income and if you are gaining profits consistently, you will certainly become rich. Trading has always been hard and never been easy, but the rewards await from it are worth the hardwork and sacrifices.

|Definitely thats why on the time that they had done on doing trading then this is where they do make out some realizations that this is something that cant really be handled easily considering the prices are

moving way too randomly or not totally unpredictable.If you do see trading as a fast money making scheme then you do really get the right idea and you would definitely able to prove it out once you do step your foot
into this market.

Those things mentioned on OP are common errors or mistakes done by a certain individual which they should have really make out some change of impression and belief but of course
it would really be pertaining  about on real experience.

This has happened many times, I can't explain to you how many times I have heard people bought doge because "what if it reaches 1 dollar one day!!" and even at the peak it didn't reach there, and it was overhyped as hell, even on the greatest possible ever situation it didn't get there.

You know what I am seeing these days? "if shiba is even 10 cents, that would be insane!!" and we all know that it won't be there at all, we are going to see it not even reach 1 cent, but people will invest because the price is very little. They have like zero clue about market cap and only talk about the price of it all and that is why I do not know what to do.

Cryptocurrency is not really easy the way people think, most people entering cryptocurrency recently always endup losing money because they don't really understand what cryptocurrency trading is all about, they believe is something you just start and you start making money not knowing that their are lot's of risk associated with it, most of them don't really know they can lose money in Cryptocurrency trading, they just believe immediately they buy a coin then they will be in profit instantly, that's why before I introduce any of my friend to trading I always make sure I enlighten them very well first.

Wow, this thread is really useful. I have made similar mistakes in the past including buying cryptos that were lower in cost hoping they would rise someday, and avoiding popular coins like bitcoin and ethereum.

I think it’s okay to make mistakes because humans learn through their mistakes. And what is a better teacher than losing money. Apart from all the points listed in this thread, there are many other mistakes that we make unknowingly, these are the mistakes that separate us from billionaire traders.

That wrong conception to anyone who has such interior mindset, many of them do lost their money because of not understanding the methodology of investment of cryptocurrency and most especially those that have no idea of trading, making money via trading, is base on your knowledge and also luck attributes to that, but it become more simple when you understand the concept first before venturing into it.

that's what some people don't know concerning trading, what trading needs is attention and consistency, before you become perfect trader their most be occurrence of mistakes from your trading, so with the experience of frequent lost, it will make you to be smart via the industry.

Many projects that are released on the market don't last long term because they can't provide returns to investors, don't work as intended, don't get support from the public, or even the projects turn into scams after they're released on the market.
In choosing a new project, we must be very careful and observant in analyzing because not all new projects or those that are already on the market can last for a long time.
The toughest test of these projects is when the market is in a bear market mode where all prices are dropping sharply and there are no definite signs of a rise.
Only projects that really have a solid team can survive and you can see that projects that have been on the market for a long time can survive in the market.

This is without a doubt a problem, but what happens is that people tend to overestimate the possibilities of a positive outcome and underestimate the possibilities of a negative outcome happening to them.

This is why they see leveraging as a way to reduce the time they need to wait in order to see huge profits not understanding the massive risk they are taking, and regardless of how good a strategy could be if the risk you are taking is consistently high then sooner or later massive losses will eventually come and your capital will suffer as a result of this mistake.

too many scam projects appear in market everyday and unfortunately it become our fault too when pick one of them by didnt observe well about it.  our circumspection and less speculation will not trap us into it.  maybe existing project could be better investment strategy, there are alot good project with lower price if compare to price in several months ago.

I think on the contrary, old coins are more suitable for long-term holding because they are safer and have a large marketcap, but if we rely on daily trading then we have to invest in new listed coins, this is because the chances of new coins to skyrocket 10x in a short time are easier than old coins.

I totally agree with what you said we can take for example the top coins like Bitcoin, Ethereum and BNB it's better to keep or long term investment,
it is more profitable and safe too so when people invest long term they are not afraid,
when it comes to daily trading, it's also not an easy thing to find the right coin, especially since there are lots of new coins and we have to do some research first

Therefore, we must be able to choose and carefully observe projects that are in the early stages of seeking investors.
I tend to choose a project that is already running and has had good development to serve as my investment.
In my opinion, now is a good time to get into the crypto market and buy some coins from those good projects because as you said, the price is now tending to be cheap because it has gone through a sharp decline.
But don't forget that we must have bitcoin as the main investment in addition to owning altcoins.

it is a very good point for traders or people who want to invest. these things are very often done by people who already have experience, or new people, and of course the ones who do the most are new people.
another point is, never follow someone's footsteps in buying assets because they saw them succeed from it. lots of people do that a lot, like when the meme coin hype happened.
However, I also want to emphasize the principle that crypto is not a get-rich-quick scheme. IMO, even when we are not careful in this regard, crypto can backfire on us and deplete our assets in no time. this happens very often to those who just follow the hype. well, the points above are related to each other.

Errors are something you cannot avoid forever in crypto trading because we learned from our past mistakes to become professional in crypto trading. Many people knew when to buy coins to prepare for a better future through the errors they made some years ago in
Crypto trading, that make them to understood, buy when the price is low and sell when the price is high in the market . Don't allow little errors to make you give up on crypto trading because sometimes those errors happen for you to plan bigger, in away you will never experience errors in crypto trading.

Newbies do make most of the mistakes but the reality is that we do make mistakes as veterans as well. Even though what OP talks about is something I have been familiar with for many years and even though they seem obvious to me, we are all humans and we make mistakes sometimes. The funny thing is, we mostly do not realize that we made a mistake, it looks like we are not doing anything wrong and when we see the consequences, we wonder why it happened and only to be shown by someone else that we did one of those mistakes.

Overall, newbies will grow better and be a greater trader, but it will never be a zero mistake zone, every single trader makes mistakes time to time. Some more, some less, but there are none with zero mistakes.

On brighter side it is always better to trade only if we have pretty good balance in our pockets. What I mean is, you should not be even thinking about trading if you don't posses assets which fulfill your and your families dreams in real world. I have seen broken examples of surrounding me. People have lost money which they should never been placing into their trading account in first place. However they did it in the greed, they thought trading is the way to become rich or like have it as perfect income source. But they did it without any proper guidance and lessons. Trading seems easy at first glance but its never like that. So yup, all your points are agreeable and on top of that trading is choice its not perfect way to have your money.

This habit is very bad when trading. Not only newbie traders make this mistake but many old traders also make this mistake. I have been trading for a long time, but I often buy a coin using all the funds in my account. Investing all the funds in one coin often leads to huge losses.

To be a successful trader, you must always look for ways to manage your fund. But large losses are incurred due to not being able to control emotions while trading.

Going all in is something that a gambler mindset do really had on which its really a bad thing if you do really have this kind of act whenever you do deal with trading.If you do make yourself that impulsive
when it comes to your decisions then you would really be ending up on going all in and act that you are gambling out instead of doing trading.

You would only realize when its too late and there's no way you could able to retreive those losses back unless if you do make out some deposits again for some capital.
We know that mistakes are the best teachers but we should really be minimizing it as small as it should be.

The cryptocurrency recording system that is used to trade here, if used properly, will not allow you to experience both profit and loss, but what about protein if you lose patience when you encounter protein or failure?  The reason you can't learn more is that as long as you stay here you can learn about trading and make a profit from it.

In fact, in the early stages, traders quite often make mistakes. The main thing is to be able to correct mistakes

The problem is that there is no safe floor, if we buy Shiba Inu at 10 cents, but if the BTC falls and now it costs much less than those 10 cents, but half or even 1/4 of a dollar, it is something that can be taken into account, the only thing is that the best hope is that BTC at some point will have a good ATH and when it happens, that investment that was made of 10 cents of the dollar will give its good results, because that is how the cryptocurrency moves , more so when they are totally dependent on BTC.

We cannot put aside what the other altcoins can do, but right now any investment that is not in BTC is very insecure, at least I have that criterion.

Here are some common habits. As traders we often make these mistakes. I think it will be useful for new traders. I am still pulling that loss by trading under the tendency. Of course, I have learned a lot from the mistakes. A lot of times when the market gives a little pump we start investing and I also think we have to refrain from this type of emotionally trading .

This is why we need to learn techniques that reduce the magnitude of our mistakes, since mistakes are unavoidable then we need a way to limit their impact as a single big mistake can be more than enough to destroy your account.

And one of the best tools for this is a stop loss, because even if you happen to make a mistake when you are predicting what you think the market is going to do then the stop loss is going to limit the magnitude of your mistake and you can easily recover from it, however this creates another problem, what if your mistake is related to your stop loss? And without a doubt this is a huge problem as a mistake of that nature in which you fail to activate your stop loss can have severe consequences.

Sometimes I think lack of research into these crypto projects is another mistake we make , imagine wanting to trade bitcoin but because there are several bitcoin forked coins out there you buy the wrong coin to trade because one of them offers more coins for the dollar but unfortunately you in for the wrong coin.

The other number one mistake or rather weakness is trading with emotions which costs us a great deal, if we can overcome this then ones trading journey can improve.

Those mistakes should be corrected along the way or else you’ll burn all your capital and have a nothing result out of it. Newbies have to deal with those mistakes perfectly and should not be discourage by that losses and continue to learn things. We all have bad experiences when it comes to trading and investing, but look at us now we are doing our best and making good money out of those bad experiences.

I am not saying that you should stay away from going all-in, but that could be one of the worst things I would do, I wouldn't even consider such a thing. Obviously there are situations where you would have to go all-in with whatever you have left after already putting in so much, that is understandable, like let's say you had 10k, and invested 9.5k of it over course of 3 months, and then you invest the last 500 which would make sense.

But, that is a situation where you already invested, so it is not "technically" all-in, that's putting the leftover and different situation. I hope that people do not make this mistake of going all-in, but if they want to, I wouldn't stop them.

Making use of exchanges that has high transaction and withdrawal fees can really be frustrating for someone who is a trader. You manage to make profit from trading and the next thing you are losing a huge part of the profit you have made because of the fees you would have to pay on the exchange for withdrawal and transactions.

So, it’s really important that we choose exchanges with the possible lowest fees so that we wouldn't have to be paying all that much and losing a big chunk of our profit that was made trading on the platform.

But you need to consider the reputation of the exchange itself. Not only look for lowest possible fees but the liquidity itself. Yes, there are exchanges that are charging cheaper fees. But do you think you can execute your orders according to your targets? Because some problem with exchanges is the liquidity, the gap of buy/sell order, also look at the trading fees as well. Better secure your assets by using reliable exchanges rather than look for cheaper fees and you are in doubt if you can ever get out your funds safe.

Volume and liquidity are the main things that to look for when you do tend to deal with various exchangers on which you could somewhat assure that you are dealing with the right place.

Next is to make out some trades and if you are just starting this career then it would really be just typical for you to engage on while learning up everything.Dont make yourself greedy and tend to
mind about having perfect trades coz it cant really just possible to attain such thing. Try to sustain and also mind off about security of your assets.

mistakes always did by us, and its common thing in market. everyone make it but only some of us take it as important lesson and improve our knowledge and some of us didnt. the common mistakes that happen usually traders feel fomo and careless about technical side and money management. get rekt finally happen if we still careless about patience.

The majority who fall the victim of losing their capitals in trading is those who don't know the rudiments of cryptocurrency trading and daily trading, before now i noticed and seen some one who ventured into trading without understanding the protocols, so it's not possible that the person can perform absolutely positive in trading without having a guide, so i think this should be one of the major concern while some people get lost of both capital and profit during trading.. because it's very clear that what leads into lost of capital via trading is lack of information.

This is the very same stunt that different questionable trades use, they draw beginners by saying that they have commissions that are a lot of lower than those of huge trades. We generally to realize that no one knows where the market will move to in the following candle hour so having this on a basic level will let you know you need to figure out the exchange yourself.

Beginners with minimal experience will certainly consider commissions as much as they can, without realizing that their safety is at stake. on the other hand, by seeing the fame of their influencers, they easily believe, so they don't hesitate to invest, with their friendly persuasion they seem to hypnotize beginners to invest their capital, so that not a few are tempted by the profits to be obtained and in a relatively short time, even though it's not that easy to make a profit on this business

Since new comers always see trading as an opportunity to get rich quick, then they never take more time to learn and study first about trading, instead they go on trading without prior knowledge and experience. The reason why most of them never succeed in trading, and some end up quitting. However, this wrong mindset is not only happening for newbies, but even those who are ahead of them. But the good thing is, they never quit from trading because every time they commit losses, they always learn from them and become more motivated to trade again.

Cant deny to have this kind of impression when we are still a newbie or noob into this market on which we do think about getting profits on easy manner but on the time you had able to experience with your own hands then this is where you do realize that these things wont really be that easy as it looks and you would really realize for yourself that you do need skills and experience on handling it out.
Its not a quick rich scheme and this is a business or investment on where you could really make profits in long term or lifetime if you do able to done it well.

Paying that extra fee is better than to lose all what you made because the exchange is scam. Yes safety must come first not the fee. There are exchanges that use that excuse because they know that there are bargain traders that is after them.

I think there are legit and famous exchange that has a less fee. The goal to save fee is to trade only on bigger amounts if that's possible and trade only assets that are surely profitable. In case of withdrawals, you might need to save them all first and don't do frequent withdraws so that you will only pay less. There's so many things or hacks that we can do to save when doing crypto trades.

There are always errors in everything we do. For someone who is a trader, it is good to have a relaxed mind, do your research and try to learn from the past experience of people who have been on the platform and trading years before you. It’s really going to be helpful and also we shouldn’t be in a hurry when we are making a decision while trading.

It’s always good to know the right time for us to trade and when we shouldn’t be trading in the market. There are times that the market would be in the worst condition, and if you try to trade. it wouldn’t really end so well. So it’s always best to know all these things so that we wouldn’t fall for it.

   In order to avoid some of this problem in trading crypto we need to always take orientation from the people who specialized in the crypto trading and also get legit info from then time to time in other to guild us with enough research info about crypto trading online..

There is something I've come to understand about human nature and somehow, we get to bring it to our trades. Most times, we tend to trade based on our loses. By that I mean, in our early days in trading, we are sure to encounter lots and lots of loses and somehow, the idea is always about getting those back right.

That's not entirely wrong, to wish or want to get your money back and by that, you've probably kept records to ensure every penny is accounted gor and as such, you could pin point the point where you gained in or your loses and started making profits. Its a good plan but most times, we fail to realise these recovery process could spam through a long time. We go for shorter and that could be some huge mistake.
It becomes a drive towards some aggressive trading with an experience we do not have and a strategy that is yet to be perfected and the nextvwe know it, we get everything wrong and blame it on the exchange or the market.

On this, patience and consistently learning is the key. You learn from everything put before you!

Mistakes are part of life from mistakes we learn but it's very much better if we learn from other persons mistake as you have listed,
Though literally you can't totally take away mistakes because some do come as result of thinking that what you're doing is right and at the end it end up being a mistake.
Too, making mistakes sometimes is good because mistake is part of learning and some mistakes taught you what you know today.
In General it's good we avoid mistake in our trading career as much as we can so we don't end up losing our hard earned money and mostly learn from other people's mistake.

Based from the list of the OP, I believe, most of us had experienced a thing or two from the list. Like using exchanges with high withdrawal fees. Sometimes, we can't avoid to use a specific exchange if they are the only trading platform that has trading pair for your coin. So you will end up using that exchange because you have no other option. Not all projects can accommodate to list in several exchanges. Usually, at the start, they will only list it to one exchange that they can afford to pay the fees. But of course, if you have other ways, you can always opt for much better trading platform. This is why for me, I don't consider it as a mistake because most of the time, it is your only option to take.

Yes, its true what you said and I've been in that situation too, but there is a line to read in between in this point, that is, there different between full time trading and partial trading, when making the post, the category of persons I had in mind was full time traders and not partial traders.

Partial trading is (just as you said above), when you invested in a coin in their ICO or whatever type of fundraising process they used, and are just getting the coin listed for on the first exchange, you probably would want to sell your stash, and buy back at a lower price and sell again and buy again at a Lower price and sell again, one can keep doing this for as long as he or she wants, provided he or she is making profits, This is partial trading to me.

But full time trading is trading on already established coins that are listed on almost every exchange you can come across,  this usually requires the trader to do some work like, researching, technical and fundamental analysis to determine whether price is gonna go up or fall, people in this category are called full time traders, they have trading as their primary profession. This are the set of people I had in mind when I made that point of "not to trade on exchanges that take high fees.

like what I just did yesterday, when I was about to sell, it turns out that it requires a high slipage, so this can lead to a higher cost, but because I have no other choice then I do that, and as a result now the token price is down, so there is no disappointment for now, because that is the way to go. for me as long as we are still reaping the benefits then it doesn't matter, and it's not a mistake that should be regretted

It is disheartening that scam projects are everywhere at the moment. To avoid making careless mistakes research is the anidote to mistakes. Investing outside research is a poor investment strategy. No good project is known outside research. It's greed that makes one pick up projects blindly

it is gambling if we pick any coins meanwhile we didnt research on it first. at that moment maybe alot influencer shill coins and we trapped on it. our effort in analizing coins must improve well to find good project that will occur in market. research and observation be the key our successfull.

Another quite common mistake is to underestimate the markets, and I think most of the other mistakes come from that one.

After all many newbies think that making money in the markets is as simple as buying low and selling high, however they do not see what goes behind closed doors for traders to be able to do something like that, so they come to the market thinking about all the easy money they are going to make only to be surprised by the high level of difficulty thy are facing.

No man, it does not really work in that sense. I agree crypto market is drastically volatile and unpredictable but it’s not impossible to workout the math behind it. This is why we have technical analysis support. Moreover, these days fundamentals are also influencing it a lot. Whether it’s war donations, school to college fees acceptance or some country accepting it as legal tender or Elon musk buying Twitter anything can literally change the course of bitcoin these days.
It’s needed to study in all the senses.

 I have a lot of errors to be honest and that is because of panicking when placing order especially stop loss that always common reason of being stop out.
And mostly my errors are on altcoins because they're too fast especially if there's a break out and bulish candles because it's to hard to catch that sometimes i didn't notice, especially when it comes swing trading that it's already the end of the progress and time to reverse. Haha

That's true and automatically the risk is also greater because after all doing research is important at least to minimize the risk,
indeed it takes time and effort and we should really take the time for it,
It seems that nowadays more and more people are aware of the importance of doing research

To be sincere with you, there are times I regretted not going all in. Those were times when tokens I invested low did extremely well. There have been several instances like that and it hurts to know that one could've made a kill out of it but missed because one wanted to observe the not putting all eggs in one basket thing. How would you feel if a token you saw at $2+ and you only threw $20+ at it. A few months later that same token went up as high as $370+. That is my story with CiFi. So, sometimes it's good to break out of the box and stereotype. Do the unthinkable sometimes but make sure you don't get deeply hurt if it goes awry.

Good idea, but it takes a belief for it. People who have asset management will certainly consider many aspects. I think many people would prefer to use part or part of their assets to buy. Because they don't want big losses. But it should be balanced by the feeling of the consequences of his choice if the one he chooses goes up so great. Too bad many people don't have that feeling. In contrast to people who were purely speculating perhaps he would even be bolder.

Your second point is essential but, most newbies are tricked into joining the trading scheme with the promise of the lucrative nature of Bitcoin. So the truth about Bitcoin investment as a not get rich quick scheme will help . And what you did is commendable.

Crypto is not a get-rich-quick scheme-

When you are a noob then this would be the main or primary thing that you would really be thinking off about being a get rich quick scheme on to this market
specially when we are still new or first encounter on this market.

If you arent that mindful about making use of your own common sense then you would really be ending up on lots of problems ahead
but somewhat it would make you learn at the same time.

These noobs will learn their lessons fast once they got screwed their hard-earned money. Somewhere, they will learn their lessons. Because some won't read the pieces of advise given because they thought they can handle the situation. Come to find out that this is not a walk in the park. But once they got their lessons, they for sure will be cautious the next time around. So we don't need to shove what needs to be learned because it is much better if they will learn it on their own.

Sometimes our bad experience when trading crypto becomes the most valuable lesson that will not be forgotten and make us better.
It's true for some people sometimes they are too selfish and too confident when trading, that's what caused them to end up at a loss.
But not everyone when they experience a loss can get up, I even found a few people who were traumatized to trade crypto after experiencing
huge losses. It all depends on each of us how to deal with the mistakes we make when trading crypto. Should suffer losses due to our wrong
decisions when trading crypto is not the end of everything, we must be able to see the positive side of every failure that we experience.
Even all successful traders have experienced losses, they can be successful because they learn from every mistake they make. So don't give up
if we make mistakes and result in losses, correct every mistake we make, then success will come naturally.

That's the first impression of newbies when they see a successful person who's into crypto. They don't even wanna know if that person is an investor or just simply trading.

And even they know if that person is an investor and consistently accumulating and doing the DCA strategy, they're not going to recognize it. Because one thing is on their mind, "that person became rich because of crypto". So everything they does will come to stick into their minds and will also try it even they have no background.

When they fail, they'll come to realize that it's not an overnight success.

^ Through this impression or belief many newbies have been misleading and thought that there is an easy way of making money in trading, they thought that it is a quick scheme that will give you a benefit even if lack knowledge of it. But that is not their burden, they keep learning and those mistakes make them stronger. Sad to say they need to lose huge money before they will learn how crypto space work either investment or that is trading that aims the same face, making a profit. I hope many newbies will comply with knowledge first before doing this because this is not easy money-making, it also consumes your time studying a lot of techniques.

Wrong beliefs like;

1. Trading is easy
2. Money or profit making is easy
3. Not that too hard or technical
4. They can handle themselves well in terms of risk and emotion

Once you do step your foot or experience the real thing then you would be finding out that you
are really in trouble.

Yes.

Many were truly misled.

I've been there and have talked to several of my friends and thought that it's easy money if they get into crypto. I've told them like that and frankly said that it's not easy as they think.

Well, they got in without my knowing and they didn't inform me that they've bought shitcoins during the peak. They only talked to me when they've already incurring losses.

Regardless of whatever happens to your friend I think such an experience is good for your friend,
it seems like it sounds heartless but if they learn from those mistakes I think they will grow,
what is clear is that it is very important to have prior preparation regarding knowledge and skills so as not to make the wrong decision

It's like they don't trust those words that I've told them. But yes, it's about the lesson that they've gained and they went through the situation that I've been in as well.

That's why I've talked to them when they've asked about crypto so that they can avoid that experience I've got. Well, they chose to experience it and they're good right now.

And we're still taking on how things are working with the market and mostly when it's on the bloody days.

Hard learning as it is, those kinds of people will only realize that the market is not an easy venue to earn money.

It's true that if your friend learns something and takes that as a one step forward, they will be able to manifest ideas on how
they can probably earn the right way.

But, if they will not do anything to do better, the chance is just to repeat that same mistake and will continue to lose
more money, it's an own decision that will give opportunities to those who really seek for the betterment of success.

At last, they've learned that it is the reality in the market.

They're able to experience it and it has validated their own thoughts that it's not an easy going market. Just as the other businesses and investments.

There's the same risk that it has and that's why it's profitable because it has a higher risk that they should also go.

It's 100% agreed by me, many things we will face that make us not get profit but instead lose our capital. Choosing the right exchange or trusted exchange is included because we should know that when we trade in an exchange there's a guarantee our funds are safe and covered by the exchange itself in the case when the exchange got hacked.

Sometimes indeed some people forget that choosing an exchange is also one of the important things,
actually there are now many popular and trusted exchanges such as Binance, Huobi, and others,
the exchange is much more secure and has a good level of security

I can relate to this one as I’m in a habit of doing that and feel that I am already too late. I did bought ETH last early 2020 when it was still around $180 to $200 until it grew more than 15x. But of course, I bid goodbye to my ETH because my wallet was hacked due to the malware that I accidentally clicked. Now I am trying to build myself back up again to raise amounts of money that was lost during the hack.

However, we can’t just say that the rest of the altcoins in the market are useless. If you look at GALA, I have seen a post that a seaman bought GALA tokens around $300 worth during it’s early stages. But as he returned several months from the ship, his GALA tokens grew multiple fold. 

DCA (dollar cost averaging) is one of my plans these days when I can finally afford to put an amount of funds every month in BTC regardless of the price.

This is a very nice information. I have been on demo account to practice the Trading and I was thinking that knowing the market Signal with the candle sticks is the best way to start trading and close Trading but with your information I have known that it not the best method of bitcoin or Crypto Currency trading. And also using another person signal for Trading is a detrimental to one Trading. I support all your six points. That means I have to restructure my mindset to avoid all the strategies you mentioned.

Now that you have said all what will the methods or the strategies to enter a trade or to close a trade. Since you have told us the mistakes what should the solution to the problem so we can do well in our Tradings. Although I am going to make a rigorous research to have more knowledge about Trading. In Trading I Discovered one thing. The more you enter Trading the more it complicated.

Unfortunately, we often make mistakes in the process of work. In general, I believe that mistakes, to a certain extent, are experience, the path to success. So, it is more important to analyze your mistakes.

mistakes are still normal as long as we can learn from them.
Doing analysis or research first is very important to do.
it takes good planning and management to be able to make profitable trades. Errors are also based on mental strength, because when trading it is not only strategy and technical analysis that plays a role, but mental also determines what to do when the analysis is not as expected. Mistakes made while trading can be a lesson not to repeat the same mistakes.

Not using other people's trading signals is a good choice, if you already understand how to determine or predict trading prices well. because if you depend on others it will not always be good. Knowledge of technical and fundamental analysis is very necessary.
Doing research strictly is certainly the method that must be done, because if we don't do research we will not know what is good to invest or not.
Implementing all the rules properly and avoiding some of the mistakes mentioned by the OP will be very helpful, the important thing is to be disciplined with the strategy that has been made from the beginning.

Basically, there are many things that must be considered in trading because trading is not just buying and selling coins,
it is important indeed to have skills in analyzing market movements and that will help us to make a profit,
having a lot of experience is also good to make ourselves develop

Absolutely, never put your all your money in one token or coin. Rather, fill your portfolio with different tokens and categories of tokens. For example, x% for DeFi, x% of metaverse, x% of btc and eth.


Yes!
You can't trust someone else's signals, whether it's a telegram group or a YouTuber. If you want to trade then gotta learn Technical analysis.

If ever I'll be choosing 1 coin and putting everything on it that would be Bitcoin. But of course, splitting our investment into 3-5 coins at least will give us some confidence that whatever it happens to other projects we still have the chance to recover from others. It is a way we strategies, yet must be planned well.

60% - BTC
40% - altcoins

Well, mistakes can just be the main reason because we choose the wrong coins but also due to improper fund management. A lack of experience is also a big factor.

Actually that is trading all about, to buy and sell coins but it's only up to you if you will up your game. If you will incorporate research and analysis on your trades then chances are you can excel from the majority that simply buys and sells without doing any other things because for them it was only just an accessory or its only optional.

In analyzing the market movements, there are some certain things that you can do, there is that technical analysis and there is also fundamental analysis. It's the fundamental analysis is the one that is popular being used especially by the newbies as it is more easier than technical analysis which already involved indicators.

Many things should be learned to trade properly. Skills, knowledge, and mentality are 3 basic things to be improved besides having more experience. A good trader always tries to improve himself because he knows it will be necessary to support his success in trading. Analyzing the market or predicting the next price move cannot be done correctly if a trader has less knowledge, the first thing to improve is the knowledge. While experience can be obtained along with the increasing number of our trading activities. Don't forget to improve our mentality as well.

Crypto trading mistakes that are done quite a lot are risking all of our capital in just one coin. Even though this way of trading is not effective
and if we choose the wrong coins, we have the risk of losing all the capital we have. Even though Bitcoin is quite safe for trading, that doesn't
mean it's wise to risk everything in Bitcoin. Diversification is very important when trading crypto, it is good enough to allocate 60% in Bitcoin
and the remaining 40% in altcoins, rather than just focus 100% on Bitcoin. By dividing our capital in several coins, it makes us generate
a much more maximum profit.

You are right, in every exchange there are certain rules, although the truth is that many or almost most people use Binance and the fees are not that high, although lately I am not liking this exchange because it usually kneels a lot to governments, and they do not care block accounts without prior notice or give certain customer information, which seems to me to be unethical, for me there is a flaw at the moment and in a conceptual way, if we see another exchange that has a good reputation or at least is one of the exchanges What they are looking for a lot is Bitfinex, but here they do charge hard for everything and everything, but I think it is very good and they handle a good volume, I think I could talk more about those exchanges because I have more experience there.

Risk is of course part of crypto world as well, there is no scenario where we end up with zero mistakes, of course we are going to end up with some problems. However at the end of the day it is not going to be that much of a problem to fear mistakes if you are a veteran and have been trading for a long time.

I mean think about it, if you have been trading for men years, already made many mistakes so far and have paid for them with your own money and learned why you did those mistakes. Doesn't that mean that maybe you are already better at it and maybe you won't be making that many mistakes anymore? That is just my guess, but many people will start to make a lot less mistakes eventually and won't fear as much.

Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.

The more experience, the more prepared we will be to overcome any problems that exist. Psychological strength will also be trained on every trade made. because psychology is also a very crucial thing. Good analysis, good management but unstable psychology, certainly not good. Errors will be reduced when all aspects of trading can be mastered.

Everyday, errors are made by traders. These errors are inevitable because it's just nature. In real life, people make mistakes that's highly unforgettable. Errors can't be omitted by traders, let's say for a trader who is in a hurry to enter the market and bagged coins, not knowing that their are certain basis that needs to be properly understandable before placing a trade. A trader can omit some vital basis when buying a coin, forgetting to set TA and SL. All these will recurred when the the trader have already open positions with the trade. Also when in a hurry, you can enter a coin when it is high price and sell it when it's low price because of FUD.

Errors or mistakes are inevitable on which even how pro or old you are into this market where mistakes could really be not able to be avoided specially when we are dealing with
unpredictable market then its really unavoidable to reach or experience such thing.
When you do gain sufficient experience then this is where you do lower the chance or odds on committing mistakes thats why learning and getting
experience would be the key.

If they are a day trader then yes but for the other type of traders mistakes can rarely occur on them most especially if they mastered it already. It's fine to make mistakes as long as you can correct them as soon as possible and make more than what you have lost due to your mistakes.

Traders who are hurrying can be a newbie trader because experienced traders are organized and will execute things more calmly. They know that rushing cant do good on them. I think you define FUD wrongly. It must be FOMO where people rush and buy at the top but FUD can cause for someone to sell at lows because they are too scared and thinks the price will dump more according to what they heard.

not a few people who repeat the same mistakes. because some mistakes that occur are not intentional, but because of several factors that make us have to take action. some of the experiences I've had in the past serve as lessons for the present, but I have to repeat the same mistake of talking about need and time for too long so I have to let it go. I always wanted to be consistent so as not to sell if I was still losing money, but circumstances made me do it.

Mistakes cant really be avoided but somewhat it could really be lessen out in terms of experience that you would really be having.Errors are inevitable thats why experience would play a big factor
for us to handle out this very hard situation specially in trading.This isnt something that could be handled out well or in precise manner.
One thing you should be minding off is about on how you would gonna sustain or survive this market despite of the errors you are experience.Dont think or trying out to have that perfect trade
because it cant just be possible but somehow we could really handle it out.

It all depends on the situation, maybe sometimes you need to sell on a fall in order to save at least part of your funds, this may apply to force majeure cases, like the fall of Luna, but this is really an exception to the rule. A trader who trades for a long time and receives a profit from this can be called an experienced trader, which means he follows the rules, and knows how to do it. If for a long time the trader has only losses, then this is just a gambling and it will not last long.

The absolute biggest mistake you can make, from what I believe and my years of experience in trading crypto, is to sell. Especially if that decision to sell came from a moment of emotional distress. That panic selling is exactly what whale market manipulators are trying to achieve. They want to buy your coins at a cheap price and they will try to put fear into you to achieve that goal.

If you have done your research and decided to invest in crypto then let it rest in your wallet and don't flip flop everytime it goes up or down.

I have made this mistake more than I can count. It always ends badly and I always regret it. 

@Webetcoins Well said but there's a difference between being an experienced crypto trader and having emotional control. There are a lot of traders that understand the situation of the market but lose their intelligence due to the buzz created by the market.

@Altryist Luna is a community supported crypto and if it experiences a 99% dump in price due to an attack it doesn't mean it won't see some bullish again and when it storming it's better to wait for the sea to be clear than jumping into concluding if no stop loss strategy is implemented before the dump occurs it better not to sell. 

But how you would really be able to determine if a certain coin would fall just like on what happened to Luna? No one could able to determine that which people would simply hold because we do believe that zero

value isnt really that commonly happen into this market which simply means that people would really love to hold because there are really chances for us to recover which is a common thing.

Errors made or mistakes are that common but we could reduce out the odds if we are really that able to learn up things and avoid as much as we could.

Unfortunately, mistakes in trading are quite common. But do not forget that in the end this leads to quite positive results, because the trader thus gains experience.

When a person reaches the level of understanding the market, he is capable of doing any type of negotiation and being able to have all kinds of profit, but you have to know how to do it because there are feelings such as panic or overconfidence that can affect our decisions, in fact, sometimes it is better to make trading decisions without seeing the news or any other means of communication, because it would interrupt our analysis, and sometimes the news itself does not predict, but rather accommodates everything to try to find the explanation for a certain market movement.

If you are a true trader then you need to be very careful about the things that a trader should keep in mind for trading.  Time and what will help us to talk if we have knowledge about it, but there is a lot of experience here, I think those who have been chatting for a long time have a rough idea.

one of my greatest mistake as a trader is going into a Bullish market for a sell instead of maintaining my Buying position , when my indicator signified pull back in a lower time frame  :(  ......later got hit by my stop loss

I think when trader have reaches with level understanding with market condition will try carefully when entering some altcoin for trading, not panic when buying or selling assets because have understood about price could be drop drastically without predicting before. I think have several kinds of trader why losing money on cryptocurrency, some of them really panic when buying coin on higher price and later when price drop most panic for selling although price have been drop and waiting for recovery or back to higher price.

If my understanding is correct, bullish seasons are the right time to sell and buying by that time isn't really that good unless there's a higher price during that bull.

As for setting stop loss, that's really the purpose of it.

That's going to minimize the potential losses that you'll get instead of no stopping as the market plunges so it's still a good thing that has happened to you.

Going all in is a very big one. A lot of people know the rules of trading but sometimes they tend to go against it.. Indiscipline.Now indiscipline is another one .Repeating the same mistakes in trading is even a bigger mistake

As said, mistake are meant to be make. But for a man to be making the same mistakes over and over simply means he's protecting his beliefs instead of learning from them mistakes and changing his beliefs in response to conflicting evidence. However, greediness causes most of these mistakes.

True. If you are trying to make things work on where you do really believe that it could really happen or succeed is a signal or shows that you arent accepting mistakes or learning from it.
Yes, it would really be that hard to make yourself progress if you do really have this kind of mindset.Errors is inevitable but if you are really that mindful about on making yourself sustainable
then you would really be avoiding on things which you had experienced that it wont work but well it might be precise but at least you are already been aware
and knows potential things to happen.

Your understanding is in line, the thumb rule for trading is clearly stated, you buy low and sell high. By now, anyone in the crypto space is supposed to know the rule, I don’t think anyone should have any regrets making sales in the bullish season, because during that time, the prices of tokens are high, so you sell and take your profits and when it gets to the bearish season, you simply maintain your position, just hold your coin and wait for a subsequent rise, though most bearish seasons come with losses, even the coins you hold may tend to drop value and the exact amount you invested goes down the drain right before your very eye. You just need to stay vigilant and follow the market so as not to be kept in the dark.

This is much, very, very much – several errors we make while trading crypto are numerous but I actually think there are a few that are very common, and people keep on doing it probably, maybe out of ignorance or impatience.

First of all, I believe people go into trading thinking it’s a get rich quick kind of thing – that feeling alone is totally wrong, and once the feeling is wrong, your decisions in the market are bound to go wrong too.

Trading requires lots of patience, which also leads to another error people commit, which is going all in error. Most people literally put all their savings into it, expecting a miraculous and speedy turnaround or magic – at this point I am lost. I feel you’re actually being greedy for going all in and as a punishment, you most time lose all your investments in just one trade.

Again, people has the perspective of the which coins to buy, the feel that they are supposed to buy just any kind of coin just because it’s low and expect to sell high… What if that coin never grows? Or what if it diminishes??

Stop loss is basically the motor stop of all crypto trading. It means that you are going to get out if something scary happens, prevent a crash and keep you alive. I keep saying that stop loss should be used in a way where you could be crashing so hard that it would be an idiotic move not to sell. Like for example Bitcoin dropped recently didn't it? You didn't need to do a stop loss there, you could make a long time purchase and just DCA that to recover in the quicker return time period. However when you see Luna, you understand why you need a stop loss, because if you did a stop loss even at 99% drop, you could have saved yourself and make more profit.

But most traders won't use that strategy because they thought they know the market well.
Who would have thought that LUNA will crash this badly?
Aside from few Youtubers who predicted about this Luna catastrophe, a lot of holders were actually hoping to gain from this investment.
But I do agree with the use of stop-loss strategy, it may be your savior in some of your trades.

Perhaps, this strategy works so well and has been used by most traders. The market crash seems unpredictable, but the use of the stop-loss strategy has big helped to protect our funds. Understanding the current situation, I'd found this is really needed for us traders. We can really appreciate how this works if we try which I think that many just neglected.

However, this is not just the reason why we often suffer losses it is also how we make decisions. Buy low and sell high still the strategy to follow but somehow, it turns opposite we buy high and sell low.

there are many stories about saving assets by stoploss, which actually cannot be underestimated, especially for us trading in the long term, for example like yesterday's luna, just put our stop loss at 30%, of course terrible things don't happen. with a sudden decline in the market indicates something is not healthy for the market. therefore we must be able to minimize risk, although sometimes we are deceived when the stop loss is picked up and the price goes up again

Majority does really set out any stop losses because they are really still hoping for some recovery which means that whenever the price or market declines then those losses arent still realized
which  means there's a chance for some break even or recovery and thats the main reason on why some people doesnt really intent to make use of this useful tool but for those
who do love scalping or day trading then this tool would really be that relevant or too important. Errors on dealing with the market or simply trades?
There's a lot and you are the ones who do need to learn so that you would able to avoid it for next time.

The things that a person needs to keep in mind in order to trade are general knowledge of how much to trade in his shop.  If you have to buy coins and sell them at a higher price then they will make a lot of profit. If you trade in this way then you will make a profit.

Stick with the basics which is in common line like "BUY LOW SELL HIGH" kind of line but doing the thing isnt the simplest to be done yet there are lots of factors which would really be affecting your decision.

Buying coins isnt something that you could just do without any basis or analysis and selling or buying time is something a decision which would be your toughest choice to be done anytime you would
really need to make out a decision.
Errors and mistakes are common but you should try you best on lessening those risk as much as you could and this is where people do very
in between those profitable and losers.

I have been trading fo like 2 to 3 years now, it is easy to say someone should buy low and sell high which means to buy at low price and sell at high price, that is simple to say, that is just one of the basic things to learn in trading but not an actual way to earn and make profit. A trader can check the market, if not analysed very well, the trade can buy at wrong time or sell at wrong time thinking it is right until he starts and continue to lose. But what you said applied to holding.

Yep! In my own experience, here in our country we have our own stock market and before I invested some money I use the demo account fund for me to learn the basic things in trading. Trading without even a simple knowledge could be very hard for us in the future, we need to widen up our knowledge so that in times like this (bear market) we will already have backup plans.

not many new traders understand how to manage trading assets when market trends change. even in a downturn, most new traders will sell at a loss.

I usually set some prices below when there is a decline. the original intention was to only enter with some of the money. and when prices continue to fall eventually have to go all in and save for investment. from the initial short term planning, my mistake turned it for the long term by buying more on the basics.
my main mistake, not using stop loss when placing an order.

Its just common sense or should be standard on making yourself to be aware or even learning with the basics.Dont try to make out some shortcut because this would
surely fucked you up and lose money on your early engagement although it isnt really that avoidable but at least you do lessen out the severity of losing money
which you might able on hardly to make yourself recover or accept it out thats why familiarize and learn up based on your experience and mistakes
and make yourself way more better.

I’m not entirely positive about this statement. The problem is, this is not something where you should keep doing mistakes and learn from it. It’s trading, it’s all about money. The market is hugely mistaken for giving a lot but the thing is it takes from someone and gives to someone. The money does not just comes to your account when you make right trading but it’s because someone is selling or loosing at that particular time. Obviously there are different types of trades and each of them has there own inputs and outputs. But, it’s better to jump into trading once you learn analysis properly.

Having the mindset of investing in crypto to get rich could lead you on the wrong path. You could make wrong decisions which may cause you to lose a lot. Yes, we could possibly gain a good profit but we should never disregard the risks of crypto investment. It isn't a shortcut to success because it will take a lot of courage to deal with the volatility of the market. Trading is a long process of learning so we should have the proper mindset towards it.

Noobs are the ones who do mind or believe about this market is a get rich quick scheme that they might believing when they are starting.Even myself is guilty on this one specially into those times where ponzi's and

hyips are on trend which easy money was just indeed too attainable in a short time and i havent discovered trading on that time on which it did really make out that kind of impression and once time passed and able to

face up the reality then this is where things or views do change where this isnt something that you could just able to survive if you arent that smart enough in regarding to your actions.

A wrong mindset for sure, it's not a shortcut but an opportunity to maximize the potential of gaining

huge amount of benefits. Still, patience and knowledge have a big impact when you are investing in this business, knowing the
right time to put your entry and exit position.

If you have that idea and you are continually enhancing your knowledge, that learning will keep you on the right path.
while patience will always place you in the safe way if you understand how to hold and let go.

That's what noobs usually are, they think crypto is a shortcut to get rich in an instant and hoping something like that were to happen to them. Sadly that's how it is, we've seen a lot of people have that kind of mindset and didn't even bother to learn the basic of crypto trading or investment. Sure, some could make it big in just a short amount of time, but those chances are quite low.
Gaining some experience is always a good thing, learning and all, they all could make you a better trader or investor in cryptospace.

I imagine a lot of people in crypto. Everytime crypto sky rocket newbie talking how they taking out loans to buy more crypto... and its always when the coin is at its highest price ever. They think its gonna skyrocket forever? Never understood that kind of risk. Thats like someone that walks into a casino with 100k in money from loans thinking their gonna leave with 200k. They saw the long line of people going in and cashing out getting rich the last month and they fomo hard. Fomo right into forclosure.

That's I think it's important to have knowledge and skills before entering the crypto market,
crypto is very complex and when the price reaches a high it doesn't mean it will continue to rise because at any time it can drop drastically,
Of course, it will be a bigger risk if you buy it at the highest price, so do your research and analysis before buying

everyone has experienced mistakes when trading, of course that will make us all learn,
without mistakes trading will not be perfect haha, I also experienced that, one of my biggest mistakes was in 2018,
because the first bear market I experienced made I know what I have to do now.

Crypto already has a risk of fluctuating prices, especially when it is added to the borrowed capital used to trade in crypto. it's the same as adding to the risk that already exists. Loans will not save when you don't know what to do and don't have the proper knowledge to trade or invest in crypto.

Those who make loans to buy more crypto may be stuck at high prices or those who are new in but don't have the capital and loans are an option.
The risk for loss is certainly great if it is not managed properly. Lots of FOMO that would be a deadly trap.

Perhaps, it can't be avoided even though we are too careful on our job and much more in trading where the market is moving in indistinct directions.
But, with the help of these mistakes and failure, we come to the point of seeing the light instead of the dark side and that was because we see failure and mistakes is an opportunity to grow. Maybe some have see this negatively but for some people, this is likely a gift and lead for them to improve and even more careful and resourceful.

When it comes to trading, you have to face different challenges at different times. Many experienced traders face this kind of situation. While trading I still make mistakes, I have to bear the consequences of that mistake. If you think that you will learn from every mistake and apply it in future trading, then that too will be considered as a mistake. This is because it is important to gain detailed knowledge about trading in order to minimize losses in trading.

If you are a kind of progressive person, you will see those mistakes as a building block that manifest

with good inspirations to continue the process, not taking the blame but treat it as a basis on how to avoid doing it repeatedly
but instead, using it as your advantage in enhancing your strategy.

The system should always be positive and not to allow those negative sides to bring you down to continue regretting those
losses that you encounter. Take your time to dig deeper and earn the success.