Mistakes newbie makes in trading resulting to losses

[BeGoods]

I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.

Good to you mate and you may learn it now. It is better to experience losses so we know what where we are wrong and to find the best solution for it won't happen again. It is not newbie have facing losses but also for the old ones. There is no need to be afraid of losses but this is away to build us stronger and wiser.

All traders have suffered losses after all, and all traders have experienced mistake, but that does not make them desperate, it is precisely what is used to make you more intelligent in trading, there is no better knowledge from experience. I also often suffer losses, how greedy I am, buying at untrusted coins and many mistake, it provides valuable lessons you know

[Faxmate]

I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.

Good to you mate and you may learn it now. It is better to experience losses so we know what where we are wrong and to find the best solution for it won't happen again. It is not newbie have facing losses but also for the old ones. There is no need to be afraid of losses but this is away to build us stronger and wiser.

Learning from your beginning you can get experience, like you can only save from being mistaken such as be wise buy when the price is low and then after holding you will have to hold with patience until price rises, don’t trade when the price is low. So according to me trading with lack of knowledge is mistake and panic selling is also a mistake.

[BlueStackz]

Before entering the market you need to prepare yourself psychologically.In fact, I would say that the loss of the first deposit is very useful.Sift out the weak and make it clear their mistakes strong. In this area, money is the best teacher.

This is vital but only applicable to newbies because I don’t think anyone who already is a professional needs to be thought on how to always prepare for trading psychologically, majority of crypto trader must have in the past engage themselves in forex trading which I expected them to have learn all necessary trading etiquette before joining the crypto currency.

Although, crypto market is far more volatile than forex trading and many traders who are not new to trading uses this volatility  as an excuse for their failure. Experience is just the mother of success, every trader must carefully gain enough experience especially trough demo practice before going into live trading.

[Oasisman]

I just hope this came base on your own experience because it all happened to me.

I guesse everyone will inevitably experience most of the lists in the OP. Specially if a person is learning the ropes in trading, since they will of course engage in real trading platform.

I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.

And this is how you correct everything.
Also, the one thing you cant prevent from doing sometimes is FOMOing right? Lol 😁

[Opnsrc]

I just hope this came base on your own experience because it all happened to me.

I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.
Recently, I made a profit for like $300 but I am just worried of whoever bought it.
The price of that token when I sold it is like $0.2 and now at $0.01

That is a lot of loss but that is trading I guess, there are users who lose now and maybe a lesson will be learned afterwards.

A smart person will always try to avoid making mistakes. He will study the mistakes done by the other guys, and only after that, he will start his activities. In this case, even a newbie can get a profit soon.

[cydrix]

Sudden changes are frequent in crypto currency most newbies don't know this and this situation can hinder newbies plan. Well newbies don't have some vast knowledge since they are called newbies only basics are know to them. As far as I know almost all my trades depends on my coin choice but mostly it messes up by the changes of the markets price so it is unavoidable for me and so as the newbies

[Bagaji]

You made a good point here that not only newbie will learn from it but also people what think they known everything all about trading crypto currency.
What one need to do then is more particularly about the coins you want to buy and above all follow your trading strategy and Money management policy.

[rodel caling]

It's okay can't avoid mistakes in trading especially newbies start learning how to trade, mistakes is the right guide to correct the mistake by using analysis the fault decision of the trader.

[richminded]

It's okay can't avoid mistakes in trading especially newbies start learning how to trade, mistakes is the right guide to correct the mistake by using analysis the fault decision of the trader.

A costly mistakes can teach you a great lesson because from that failure, you will start to do better. Until now, I'm still having losses in trading not because I'm carelessly doing that but it's really normal. We cannot avoid mistakes but we have to lessen it because if you always that, then you have no way for you to make a decent profit.

[romero121]

It's okay can't avoid mistakes in trading especially newbies start learning how to trade, mistakes is the right guide to correct the mistake by using analysis the fault decision of the trader.

A costly mistakes can teach you a great lesson because from that failure, you will start to do better. Until now, I'm still having losses in trading not because I'm carelessly doing that but it's really normal. We cannot avoid mistakes but we have to lessen it because if you always that, then you have no way for you to make a decent profit.

With cryptocurrency even the experts fail to predict the market, by this time newbies making mistakes is really a simple think. This won't be realized by most of the newbies, because they come forward with the entire focus of profiting and when things happen in the opposite way it looks unacceptable for them, who takes it as a learning succeeds in a short or in the long run.