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Author Topic: 11 Mistakes you should never do in crypto trading✌✌  (Read 2174 times)
TarzanNJane
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January 01, 2019, 11:36:40 AM
 #241

I notice some mistakes too, here they are:
Not doing enough research
Ignoring basic fundamental charts
Panic selling
Not having an exit plan
Looking for the Next big coin
Only investing in a single coin
iMark
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January 01, 2019, 02:46:25 PM
 #242

The biggest mistake is to hope for a big and fast profit. In this forum, I see a lot of questions from newbies. An example of such questions is: how to quickly increase capital, how to reduce losses, etc.

its not a mistake to hope because hoppping can  give you a motivation to push more .  yet that is inapropriate to keep asking for an easy way or short cuts because that is an example of spoon feeding already   and you cannot learn better if you dont start at the beginning  or the hard way  .

but theres nothing wrong on seeking for advice because those can somehow improve your trading performance  . 
hope must be placed in the right position dude, don't expect and hope to shitcoin, don't expect prices to recover when market conditions get worse and so on. because it will only make you lose. you have to be sure and hopeful when you hold for longterm in potential coins like bitcoin, thats one of example
FutureICOs
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January 01, 2019, 05:41:06 PM
 #243

There are MANY mistakes that people make because they don’t understand the actual concept of trading, which is what creates all the problem. If we understand the concept of a certain thing then we will RARELY make mistakes via doing it. I am not saying that makes you predict things, but it helps you avoid mistakes which are more through lack of understanding.

I am not an expert or want to be but I do understand how to make money through it. And it is also very important to pick the right exchange to work, I prefer Bitmex, which got the ingredients required for a normal person.

You can read Bitmex review too, which should help you understand their level and reach. So, these are BASIC stuff that one requires to know and understand.
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