Mistakes in trading that lead to loss of money

[richcorner100]

My mistake in trading is not patient to wait and to get better price when buy some altcoin and too greedy when taking profit , sometime I change price for take profit , then other mistake is not use stop loss, I just use my feeling and too confident the price  will be back to the area when I buy it.

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[pkstevenz]

I just got burnt with bitcoin cash, entered late and lost over $1000 but I've learnt my lesson and I'm hoping to be wiser in future

[eaglewhite80]

I just got burnt with bitcoin cash, entered late and lost over $1000 but I've learnt my lesson and I'm hoping to be wiser in future

Sorry about that mate! And the craziest thing is that a whole lot of you fell into this trap and it is just unfortunate you all had to learn your lessons the hard way. It is always a hard lesson to learn and at some point we all have to experience it and know that the worst time to enter a market is when the market is being pumped and if you enter, you should try as much as possible to set a stop loss if it is something you even want to risk at all.

[carlisle1]

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.

sad to hear that mate,thats the weakest part of every users that lead them to loss,panic when the coins is fast growing.then suddenly fast dropping too.but if we can fight our eagerness and continue stay calm.we will not loss and we will do the necessary measures for trading success.that made trader mature and secure

[janelleshepard]

I think it's all about losing your tempeture will lead to the bad decision . So the secret is right infront of your eye, it's patience.

[malikusama]

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.

What i have observed, the only big mistake in trading is panic selling, i have also done this mistake in the beginning of my trading career as all others. However there also other mistakes like not being up to date with the market value of the coin or not being attentive during trading, but the the big one which leads to a major loss in trading is panic selling nothing else.

[Aaroenz0r]

Sometimes, I lose my money because of greed. I usually set the percent interest in trading. But I am sometimes too greedy to hold.

[rfouziha]

When ever I fail to book the profit in the expectation of more profit that time I use to loose. By that mistake I several time I lost my money. It is not avoidable in trading as you predict something very seriously which not work will be considered as bad luck not exactly mistake this is my opinion.

[Rlyn]

Losing patience, not paying attention to trends, lack of analytical techniques and yes i believe panic selling are some of the mistakes that lead to loss of money in trading.

[Webetcoins]

I just got burnt with bitcoin cash, entered late and lost over $1000 but I've learnt my lesson and I'm hoping to be wiser in future

It is the mistake because it is not good to be in the hurry and to have the less profit but it is good to have the patience and to have the high profit, I am now investing In the bitcoin and I am sure the it will give you the best return, the mistake of the people that I have seen is that now people invest in the bitcoin and then they lose the patience so it is not good because now almost all the people are trying to increase the profit in the bitcoin but it needs practice and the experience.

[robertdhags]

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.

sad to hear that mate,thats the weakest part of every users that lead them to loss,panic when the coins is fast growing.then suddenly fast dropping too.but if we can fight our eagerness and continue stay calm.we will not loss and we will do the necessary measures for trading success.that made trader mature and secure

being learned on how you must hold and handle with that such of situation will help you to gain more profit , for having some loss it is hard to avoid but you can control your emotion on that such of situation if you are learned on it so better to have some knowledge before you face it. And stay calm also.

[PORN_coin]

as a rule, beginners in trading make one very common mistake, namely they buy a coin in the process of growth or some other position in other words
and they hope to realize it in the short term while using most of the total volume that they have
  in the end, when there is a decline
give in to the woof and sell everything at a loss-making rate

[Carmen_Sandiego]

I just got burnt with bitcoin cash, entered late and lost over $1000 but I've learnt my lesson and I'm hoping to be wiser in future

I guess you are not the only one. Given the insane trading volume in the last week, I think a lot of people got burnt.

[Sasuke102001]

I don't have a personal experience in losing in trading but one of my friends lost a good amount of money in trading it was during the period when bitcoin prices went down near 5000$ or so and he panicked and sold a good chunk of his bitcoin for too less he lost nearly a 100 bucks for that silly mistake and he still regrets it till this date.

[Proximity Scan]

I don't have a personal experience in losing in trading but one of my friends lost a good amount of money in trading it was during the period when bitcoin prices went down near 5000$ or so and he panicked and sold a good chunk of his bitcoin for too less he lost nearly a 100 bucks for that silly mistake and he still regrets it till this date.

Panic selling is the worst thing you can ever do in the trading. The price go downs, and then you panic and sell all of your assets. And the price makes another correction to rise more stronger. You just look at it from behind it. That's why you need to control your emotions.

[Qartersa]

I don't have a personal experience in losing in trading but one of my friends lost a good amount of money in trading it was during the period when bitcoin prices went down near 5000$ or so and he panicked and sold a good chunk of his bitcoin for too less he lost nearly a 100 bucks for that silly mistake and he still regrets it till this date.

To put emphasis on your statements, it is best to not panic sell when Bitcoin price is faltering because you ought to know that there is no other way to go but up. You just have to put premium on holding whilst believing that your investment will grow sooner or later; as it goes, the day that your investment will grow is certain to come, just that we do not know when that exact day would be.

[slashz9]

well i have experienced it okay i will tell you
i bought x coins in the first week with 100USD capital i sold it with 20% profit. then in the second week i did the same thing and i got a profit again. in the third week i think i will surely get profit again then i bought three times more than the previous week, and as a result I lost half of my capital, even more if I did not sell it fast.
the conclusion is do not rush in making decisions you should be more patient, because predictions will never always be right.

[sana54210]

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

That was a very huge mistake to make and good you have discovered they are shits. They do not offer anything and they always give a signal so they can make gullible people buy at the present price of what they have bought from dips so they can dump on them to make profit.

That is just what they do and I always tell people, that if you cannot trade yourself, do not ever follow anyone except your analysis can confirm that to be true.

[KennyR]

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

That was a very huge mistake to make and good you have discovered they are shits. They do not offer anything and they always give a signal so they can make gullible people buy at the present price of what they have bought from dips so they can dump on them to make profit.

That is just what they do and I always tell people, that if you cannot trade yourself, do not ever follow anyone except your analysis can confirm that to be true.

Trading signals were paid services, and very few provides free of cost. One thing needed is the strong observation on the moves happening in the market. As mentioned following someone could create a coincidence benefiting you, but the reality is that it's a simple guess of someone else.

[anitaraymonds]

One experience I had one time was with very weak internet connection. It was terrible that I lost 2/3 of my portfolio that day because of slow internet. I fill in for stop loss but the stop loss failed to register because of the speed of the internet connection and I left hoping that the stop loss is in place. If you are contemplating trading after your asset the next should be a good internet source.