|
no0dlepunk
|
 |
April 04, 2017, 02:21:28 PM |
|
Another mistake I made was putting everything in one coin... Next time I would make sure to leave some amount in $ so that I could still margin trade and recover loss.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
aardvark15
|
|
April 04, 2017, 06:13:29 PM |
|
Sometimes buying too far after a pump starts can be a big mistake. If you buy at the peak then it's the worst time, but no one knows where the peak is until after the drop.
|
|
|
|
|
|
amaral1977
|
|
April 04, 2017, 06:58:15 PM |
|
Wich would be a bigger mistake when you are bag holding? Selling with a loss to be able to resume trading and eventually recover your loss, or holding if you feel the coin as potencial even if it means you won´t be trading for a few days/weeks or months?
|
|
|
|
|
pinkpanther03
|
|
April 05, 2017, 04:25:28 PM |
|
I've lost a good sum with panic selling and panic buying, really newbie mistakes, and looking back I actually did good choices when selling...
I've also lost by not doing proper research before invest, although very small sum.
For what you had just said was very agreeable, facing panic selling and panic buying was really a big impact for the traders who are not deeply yet knowledgeable in trading industry. I know most of the old traders here faced that experienced including me. But, just like others said at least we learned a lesson from it. |
|
|
|
|
|
philggg
|
|
April 05, 2017, 06:27:09 PM |
|
To prevent loss in trading,one have to make a lot of research on different trading pattern and the mistake they make so that you can learn from them although you cannot prevent loss in trading but can minimise it
|
|
|
|
|
RealPhotoshoper
Legendary
 Offline
Activity: 1050
Merit: 1001
|
|
April 06, 2017, 10:11:44 AM |
|
I am not into a trading right now,
But I guess the mistakes that a trader could do that could lead to loss of money is panic selling and also expecting to much for some alt-coin price to pump.
Yeaaa it was fundamental mistakes too quick make decision to sell while the price fool you to skyrocketing. But also you should be careful overconfident to not cutting lost while waiting the price to go up but it is keep dropping instead. The key is you have to monitoring it all the time closely and always take it as serious business. Exactly. When you see that the market price of bitcoin dive, we panic right away and sell it in fear of losing your investment if you hold on it. But i think you should do the opposite, you should continue to buy when the price of bitcoin nose dive and hold on for the long haul even if the price continue to drop. And for sure, when the drop of bitcoin rise again, you will get a good amount of profits in the long end. The situation not always like that , you have to look around , news/any other reason why the price will keep move up/drop. There is a time when the price showing a bullish , but actually it gets drop. Trading often give you an unexpected result , prediction is just a prediction , you can still wrong but at least you are trying to make it as accurate as possible. |
|
|
|
|
roadbits
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
April 06, 2017, 11:45:11 AM |
|
I am not into a trading right now,
But I guess the mistakes that a trader could do that could lead to loss of money is panic selling and also expecting to much for some alt-coin price to pump.
Yeaaa it was fundamental mistakes too quick make decision to sell while the price fool you to skyrocketing. But also you should be careful overconfident to not cutting lost while waiting the price to go up but it is keep dropping instead. The key is you have to monitoring it all the time closely and always take it as serious business. Exactly. When you see that the market price of bitcoin dive, we panic right away and sell it in fear of losing your investment if you hold on it. But i think you should do the opposite, you should continue to buy when the price of bitcoin nose dive and hold on for the long haul even if the price continue to drop. And for sure, when the drop of bitcoin rise again, you will get a good amount of profits in the long end. The situation not always like that , you have to look around , news/any other reason why the price will keep move up/drop. There is a time when the price showing a bullish , but actually it gets drop. Trading often give you an unexpected result , prediction is just a prediction , you can still wrong, but at least you are trying to make it as accurate as possible. When the price suddenly went down, of course, everyone will get panic, and in that movement, they don't think for future they will sell their coins. Most of the small traders do like this, Only those who are waiting for a high price increase that kind of people will not care for this type of price fall, I also did this mistake many times. |
|
|
|
|
|
virasisog
|
|
April 06, 2017, 12:02:24 PM |
|
I am not into a trading right now,
But I guess the mistakes that a trader could do that could lead to loss of money is panic selling and also expecting to much for some alt-coin price to pump.
Yeaaa it was fundamental mistakes too quick make decision to sell while the price fool you to skyrocketing. But also you should be careful overconfident to not cutting lost while waiting the price to go up but it is keep dropping instead. The key is you have to monitoring it all the time closely and always take it as serious business. Exactly. When you see that the market price of bitcoin dive, we panic right away and sell it in fear of losing your investment if you hold on it. But i think you should do the opposite, you should continue to buy when the price of bitcoin nose dive and hold on for the long haul even if the price continue to drop. And for sure, when the drop of bitcoin rise again, you will get a good amount of profits in the long end. The situation not always like that , you have to look around , news/any other reason why the price will keep move up/drop. There is a time when the price showing a bullish , but actually it gets drop. Trading often give you an unexpected result , prediction is just a prediction , you can still wrong, but at least you are trying to make it as accurate as possible. When the price suddenly went down, of course, everyone will get panic, and in that movement, they don't think for future they will sell their coins. Most of the small traders do like this, Only those who are waiting for a high price increase that kind of people will not care for this type of price fall, I also did this mistake many times. That happens everytime and somehow not only small traders loses the time when the coin is being dump thats why we are risking to win or to lose .As RealPhotoshoper said "prediction is just prediction" we cant hang on it situation changes everytime .Big whales also lose against manipulators and with a sudden dump but technically they have always a back up plan to cut loses and shake the price to minimize their lose or luckily if they succeed pumping the coin before they exit. From my Trader mentor experience and trading stratedgy. |
|
|
|
|
|
geegaw
|
|
April 06, 2017, 01:45:05 PM |
|
I think the biggest mistake I and many trader face is the unstable psychology of trading because sometimes we buy an altcoin and then the price of altcoin increases or decreases our psychological impact, leading to mistakes in buying or selling decisions. Traders often call it dump or pump, this is a good time to make a profit but also can lose quickly if the mentality is unstable, we will make a mistake. Psychological fear of losing money is always the main reason leading to loss in trading sessions
|
|
|
|
marcuslong
Legendary
Offline
Activity: 1036
Merit: 1002
|
|
April 06, 2017, 02:25:20 PM |
|
To prevent loss in trading,one have to make a lot of research on different trading pattern and the mistake they make so that you can learn from them although you cannot prevent loss in trading but can minimise it
Even you done a research when the coins hit crisis you still lose patterns don't prove anything unless you just believed on your instinct mistakes give us chances to fix our mess and make it right learning from that to avoid more looses again in second trading. I've always analyzing and following always the flow of those big holders when they buy I buy when they sell I sell. easy money baby. |
|
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
April 06, 2017, 02:53:30 PM |
|
I think the biggest mistake I and many trader face is the unstable psychology of trading because sometimes we buy an altcoin and then the price of altcoin increases or decreases our psychological impact, leading to mistakes in buying or selling decisions. Traders often call it dump or pump, this is a good time to make a profit but also can lose quickly if the mentality is unstable, we will make a mistake. Psychological fear of losing money is always the main reason leading to loss in trading sessions
It depends on the trader. What you are talking about is basically happening to people just starting with trading, or that they are not comfortable risking their money. Main point of importance is that you never use money that you can't afford to miss in your private life. If that's the case, then there is less for you to *potentially* worry about. People over-investing is the main cause of a lot problems when it comes to them losing. If the price goes down, they will just take the loss by selling, and directly also prevent themselves from suffering further losses. That's what happens when people play with money that isn't meant to be played with. Some even buy back at premium prices in an attempt to recoup some of their losses. But as soon as the price starts going down, they once again will sell at a loss... It's a cycle. |
|
|
|
|
|
phr0stbyt3
|
|
April 07, 2017, 03:06:47 AM |
|
I think the biggest mistake in trading would be not removing your coins at the right time. What i do is sell bitcoin at high price and buy alts and wait for them to get pumped but what most people do is they don't remove their money and be like it will increase more and more but then the time to sell runs out and we sometimes end up getting a loss
|
|
|
|
|
|
Sled
|
|
April 07, 2017, 04:00:07 AM |
|
I think the biggest mistake in trading would be not removing your coins at the right time. What i do is sell bitcoin at high price and buy alts and wait for them to get pumped but what most people do is they don't remove their money and be like it will increase more and more but then the time to sell runs out and we sometimes end up getting a loss
Your strategy is great and that is also what i'm doing with my bitcoins, I just wait for the bitcoin to get its price as high as i can imagine but i didn't sell it because i see opportunity with it and that is buying altcoins since bitcoin is inversely proportional with altcoin and that means if bitcoin is very high then the altcoins are very cheap and you can easily multiply your bitcoins there just within a weeks or months. |
|
|
|
|
|
Estehmanis
|
|
November 14, 2017, 05:38:38 AM |
|
My mistake in trading is because I don't planing the coin price, and I don't hold coin.that which to make me lose a lot of money
|
|
|
|
|
arakuns
Member
Offline
Activity: 223
Merit: 10
|
|
November 17, 2017, 07:07:34 AM |
|
The only mistake I made was that I invested more than I could afford to lose so there is this panic when price go down.
|
|
|
|
|
|
bamb
|
|
November 17, 2017, 07:18:41 AM |
|
The mistake I made during winklevoss listing with SEC was not setting stop loss while I was away! I came back to my account a week later and found my account at a loss of 60%
|
|
|
|
dharnamonitor
Full Member
Offline
Activity: 448
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
|
|
November 17, 2017, 07:29:52 AM |
|
The one of my biggest mistake at trading is that I followed a trading signal (a fake signals provider) in telegram but thankfully I didn't give much attention on their paid service which I usually got ignored because I don't want to waste my money with that kind of service just for trading and I really don't give a damn with premium shits  |
|
|
|
Nariza
Member
Offline
Activity: 246
Merit: 10
|
|
November 17, 2017, 09:06:07 AM |
|
One of my mistakes in trading is I've bought a wrong coin. I expected it to pump but the price goes down. I've got loss on my investment maybe because I am a newbie that time. I don't have any idea or techniques in trading.
|
|
|
|
|
|
Genemind
|
|
November 17, 2017, 10:09:39 AM |
|
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.
The common mistake when it comes to trading I think is being impatient and panic. When the price of bitcoin, including other crypto currencies go down, people often sell at a low price because they panic. They think that it's the only chance they'll get. |
|
|
|
|
|
martin1221
|
|
November 17, 2017, 10:20:44 AM |
|
I loss my money in trading through letting my self and emotion ruins my plan, i lost it because of panic in selling to it, because those coin is dumping already but at the other day, it has been pumped again, so if i were you, try not to go with your emotion. Analyze well and look well the chart.
|
|
|
|
|
|
