Mistakes in trading that lead to loss of money

[traderethereum]

the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.

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[ironm@n]

Simply and most of the mistakes was panic selling and panic buying when i saw some big dumps in a price or big pump in a price i will buy or sell which is too wrong as i realize .Listening also to the Chatbox/Troll Box to buy that coin or to sell now is a bad thing to do .Make your own decision when to buy or sell is a better move.

Listening on Chatbox/Troll box is really a big NO since i do listen to those guys in the past when i was a newbie but later on i realized that they are just saying fud into their own coin and saying false news on dumps and pumps thats why i dont visit too much or read on those trollboxes anymore.

I was also relying on these chatbox on yobit when I started to trade but at that time I also used to use my own mind so I was doing according to the pricing. Often the chatters suggest for those coins which have bot started to pump so I often do short term trade in those coins. But now I know that these people only want others to invest to recover their profit.

This is one of the most risky decisions, because in general these chatboxes are full of coordinated groups of people who decide for themselves the right time to pump or dump certain coin. In my opinion, the best way to get information, is doing your own research, through reliable sources, that allow you to obtain information faster and more efficiently. And, of course, listening to opinions of trusted and reputable people in crypto.

It is necessary to collect information to at least choose the right cryptocurrency, because that's how it becomes possible to stay away from easily manipulated markets.

[lienfaye]

My mistakes is my emotion and sometimes panic selling because of afraid to loss my profits .nowadays many scam coins going back to 1sats that is what i am afraid for .i think i've bought a wrong altcoins on that situations.

Me too, thats my problem im always on panic when monitoring my coins, i thought its the right time to sell but its not. i guess im not really good enough to trade.

[Oralmat]

the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.

Same mistake i made in the beginning of my trading career. I used to get panic seeing price down and the fear of loss make me sell early and sometimes even in loss. As time passed, i realized that fear is the hurdle in trading and once overcome that we can make much greater profits in trading.

[Golftech]

the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.

we do have this common mistakes as we is not aware how bitcoin works and how alt coin followed, i remember when I'm just trading inside yobit and I don't know why coins is pumping so I guess riding with the pumped will allow me earn something but suddenly after i bought the coin price start to dumped and to my surprise i also dumped my coin and became a victim of pnd group from yobit hahaha. but to be serious just remember to review first the coin and never sell your coin when you are still at a big loses or try to aimed to be always earned even it will take some time.

[deisik]

but after halving we can see that now people have become mature and if the the price even start falling they do not  sell their bitcoin in panic and try to hold which really give good support to the market

From where do you get the impression that people have become more mature when it comes to not selling their coins in panic? Did you forget about the PBOC notification that made people go nuts, where the price dropped from +$1100 to just over $750? And that while it was fantastic news. Imagine how the reaction would be when there was news that people actually should worry about. Look at the impact of PBOC on Chinese exchanges when it comes to their volumes. It was obvious that a very large portion of their volumes were fake, but seeing where their current volumes stand at, it's even more shocking. If these turn out to be their real volumes, then it's just peanuts. And btw... Most of the support is just put up by bots to make it look like certain price levels are being supported. In most cases, as soon as the price comes close to these "support" orders, bots will immediately pull them back

I guess you got it wrong

Bots can't cancel their buy orders if someone has already put a massive selling order at a market or lower price unless these bots are run by the exchange itself which can indeed pull them back before filling them. But I still think that it would be illegal even for the Chinese exchanges. In any case, true buy walls would support the price for real unlike "fake" ones. They would only raise the wave of panic selling to a higher level when the traders come to see that there is no real support

[PacePay]

the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.

In bitcoin investment that is good to wait for good time but if the fall of price occur in altcoin then do not think that it will again come back to higher price but sell immediately because when an altcoin start to go down it continue to go down till 1 satoshi and at that stage the developers escape away.

[Zadicar]

the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.

In bitcoin investment that is good to wait for good time but if the fall of price occur in altcoin then do not think that it will again come back to higher price but sell immediately because when an altcoin start to go down it continue to go down till 1 satoshi and at that stage the developers escape away.

If we are talking about price dumps on altcoin field we could really assume already that this would really dump forever specially on most altcoin which do have only a pump and dump scheme shitcoin. You should really get out as early as you can to avoid complete lose of money but in bitcoin price dips would be the best time to buy even more.

[mrjoy15]

My mistakes is my emotion and sometimes panic selling because of afraid to loss my profits .nowadays many scam coins going back to 1sats that is what i am afraid for .i think i've bought a wrong altcoins on that situations.

Me too, thats my problem im always on panic when monitoring my coins, i thought its the right time to sell but its not. i guess im not really good enough to trade.

Same case man,still failed to come to a decision what is the right time to sell my coin.Infact i realize now trading is not so easy as i'm prefered earlier.There so much calculation, so much strategy,so much possibility.Seems like a beginner in trading.

[bitcoinmasterlord]

My mistakes is my emotion and sometimes panic selling because of afraid to loss my profits .nowadays many scam coins going back to 1sats that is what i am afraid for .i think i've bought a wrong altcoins on that situations.

Me too, thats my problem im always on panic when monitoring my coins, i thought its the right time to sell but its not. i guess im not really good enough to trade.

Same case man,still failed to come to a decision what is the right time to sell my coin.

That is why don't hold more coins in your wallet, if you have more coins you will think about big profit. Suppose if you have less coins you will not think about more to sell your coins because if the price varies 100+$ also no problem, you will lose only a few bucks. This is my strategy I will not keep my coins more than 2 weeks. If I required money I would sell my coins immediately, I don't look for the price. Anyhow it's free money why should I take tension right.

[RealPhotoshoper]

My mistakes is my emotion and sometimes panic selling because of afraid to loss my profits .nowadays many scam coins going back to 1sats that is what i am afraid for .i think i've bought a wrong altcoins on that situations.

Me too, thats my problem im always on panic when monitoring my coins, i thought its the right time to sell but its not. i guess im not really good enough to trade.

Same case man,still failed to come to a decision what is the right time to sell my coin.Infact i realize now trading is not so easy as i'm prefered earlier.There so much calculation, so much strategy,so much possibility.Seems like a beginner in trading.

I think it is okay if you do panic selling , it is a normal thing isn't it?
As long as you have backup fund, i mean you should not spend all the money in one transaction.
Spread it to two or three times transaction so when you realize you have wrong in buy/sell you can still recover it with this backup fund.

[agamasrori]

the most mistakes that i am experiencing is when i was new person which start to trade bitcoin-altcoin, in that time, i see the price is suddenly gets down and i don't know the price is back later but i get panic and sold my coins. and because of that, i don't make any profit and only loss few satoshi and after that, i am learn that we don't need to be panic when we see the price is down, we only need to be patience.

In bitcoin investment that is good to wait for good time but if the fall of price occur in altcoin then do not think that it will again come back to higher price but sell immediately because when an altcoin start to go down it continue to go down till 1 satoshi and at that stage the developers escape away.

I do the same thing when the first time I trade btc-altcoin. But some time we need to do that to stop loss. Trade btc-altcoin could give you bigger chance to get profit but the risk is higher than trade btc-fiat. Some of altcoin could be just pump and dump.

[Text]

If your mistakes will continue you will really lose your money so to avoid it, you need to practice first. It is very natural that sometimes failure comes to us but we are capable to be successful in the end. Trading is not a game because there is involve of money.

[Botnake]

If your mistakes will continue you will really lose your money so to avoid it, you need to practice first. It is very natural that sometimes failure comes to us but we are capable to be successful in the end. Trading is not a game because there is involve of money.

That's not good anymore, doing the same mistake all the time is not being wise but foolishness, in that sense you have to accept that trading is not for you and there could be something else that could make you attain your goal. Making mistakes is normal as every success comes from mistakes and we have corrected it until we succeed.

[tifossi]

Im using coindata.io for trading since a while and my biggest mistake is to find the right point to sell.
Now I try to trade with 5% profit and this works well at the moment. Sometimes I sell to fast and the profit is very slow but no one knows the best point to sell the altcoins. I'm learning from day to day

[Supercrypt]

If your mistakes will continue you will really lose your money so to avoid it, you need to practice first. It is very natural that sometimes failure comes to us but we are capable to be successful in the end. Trading is not a game because there is involve of money.

Yes, mistakes while trading is not an unusual thing. But repeating same mistakes and ignoring to learn from mistakes will lead unusual losses certainly. When traders are getting practices to avoid same mistakes in future, then the chances for losses will be less. To flourish in trading, we must keep on learning new things always.

[Pursuer]

Im using coindata.io for trading since a while and my biggest mistake is to find the right point to sell.
Now I try to trade with 5% profit and this works well at the moment. Sometimes I sell to fast and the profit is very slow but no one knows the best point to sell the altcoins. I'm learning from day to day

can you tell me why you are using that tool and what do you find useful about it?
first of all it is not free, and it is just reporting the data from exchanges, something that we can do ourselves while analyzing the charts and changing the intervals on them. and the volume is what already available on the exchange site.
I'd say the price of the service is already too high!

[marcuslong]

Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.

My mistake in trading was buying ethereum lots of ethereum and then sell them with 0.002 bitcoin each i tought i was put 0.2 but then i was shocked thought my account was hacked but when i saw the hostory i laughed hard damed

[noictib]

Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.

My mistake in trading was buying ethereum lots of ethereum and then sell them with 0.002 bitcoin each i tought i was put 0.2 but then i was shocked thought my account was hacked but when i saw the hostory i laughed hard damed

You mean , it was just of your misunderstanding to put your price to sell your ETH .
Well Herr I had never made mistake such like . But my mistake in trading was big than you .If you will comes to know my mistake than I think everyone who are newbie will not loss their money or bitcoin trading .
Actually I bought about 50k coins of BLRY  and then sudden increase in the price to about 130% . In this way I got much profit but after this I tried to make profit with other altcoin then I bought a unknown/not much famouse coin .
But after 2-3 days I found no one bought my altcoin order , Then suddenly I sold at the current price and got loss and again I rrapeated the same mistake to  buy another altcoin  in thus way list my all bitcoin .

[tifossi]

Im using coindata.io for trading since a while and my biggest mistake is to find the right point to sell.
Now I try to trade with 5% profit and this works well at the moment. Sometimes I sell to fast and the profit is very slow but no one knows the best point to sell the altcoins. I'm learning from day to day

can you tell me why you are using that tool and what do you find useful about it?
first of all it is not free, and it is just reporting the data from exchanges, something that we can do ourselves while analyzing the charts and changing the intervals on them. and the volume is what already available on the exchange site.
I'd say the price of the service is already too high!

First of all: it's not my service. If you're an expert in trading you didn't need this tool. Maybe or maybe not, don't know. I'm new with trading and for me it's worth the money because I make profit. This tool gives an buy signal if an Altcoin gets pumped so you can buy (mostly) blindly. The point is to find the right point to sell them. You can check the twitter account. For every result tweet there was a buy tweet (direct message) to buy it.
For me it's helpful but maybe not for people who are experts in trading.