Mistakes in trading that lead to loss of money

[BlockEye]

always leave my buy order , but get sleepy and then wake up with coin that already get dumped , i get that experience so many times and now i always cancel my buy order if feel sleepy

Its okay to leave a buy order as i do it yeah sometimes i always bought a higher one that is over to my buy order but it is okay cause i bought at low amount . Some of the coins dump so much but im not worried to it because i choose great coins especially good coins for long term and have a short trades  

[HeroCat]

The two main mistakes - buy too late and sale too early. First mistake - buy too late is more common. And also sometimes you can choose not right one crypto or fiat currency and time for the trade. 

[randy8777]

i think that my worst mistake was to panic sell at a certain point. i should have kept holding till the price recovered, but it was an impulsive move since the market was going down in a rapid phase. at least i learned from it. i know that patience always pays off.

[serjent05]

Often my mistakes in trading that  lead me to lost money  is  that either I waited too long or got impatient and sold  all the coins.  This is common mistakes of many  traders that have no clue what will happen next.  Even with research, it won't answer our queries on whether the price will increase or not  unless we known someone from the team of the coin or the pump team.

[Strongkored]

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.

I am do mistake in trading that is input wrong price but luckily I'm not making a buy order in large quantities, and often I made the mistake of listening people say about coin who will get pump but wrong and sometimes did not have more patient to wait to sell my coin in high prices
 

[tiggytomb]

Early on when I first came into bitcoin I had a few XAI coins (Sapience) and they were doing quite well and then in total I had 1.7 BTC, me being new to the game just believed that it would continue to go up and up so I left it and then came back a day later and it was dumped hard.

i think this hope and perhaps a bit of greed can lead to silly mistakes in trading and also gambling.

[BlockEye]

Often my mistakes in trading that  lead me to lost money  is  that either I waited too long or got impatient and sold  all the coins.  This is common mistakes of many  traders that have no clue what will happen next.  Even with research, it won't answer our queries on whether the price will increase or not  unless we known someone from the team of the coin or the pump team.

That was the most mistakes because we don't longer know if it have a possibility to pump, waiting for about 4 months enough is long so the tendency is too sell that coins because of not active .Two posibility may happen Dump that altcoin going back to 1satoshi or pump but it takes more time.

I experienced it on StressCoin before i bought at 2-3 satoshi of 5m pieces and i was able to sold it on june .remembering its almost two 3 months of its inactive so i sold at low price and unexpectedly it pumps up to 700sats way back .Its a big mistake for me i am rich now if i dont sell at low price .who knows that a coin starts with 1sats pump like that but waited for too long.

[capoeira]

most common mistake is to not go out of a losing position and hoping for it to turn in your favor, even if there is nothing that indicates it will turn

[deisik]

most common mistake is to not go out of a losing position and hoping for it to turn in your favor, even if there is nothing that indicates it will turn

Waiting the bad prices out could potentially work out at the end of the day for bitcoin or, for example, physical gold or other assets which are known to get more expensive over time, provided you don't trade on margin. But failing to quickly close a losing position in a highly leveraged derivatives markets (such as futures and options markets) as well as currency markets may cost you dearly and get your account wiped in less than no time...

In other words, a little bit can go a long way, especially if it goes down

[capoeira]

most common mistake is to not go out of a losing position and hoping for it to turn in your favor, even if there is nothing that indicates it will turn

Waiting the bad prices out could potentially work out at the end of the day for bitcoin or, for example, physical gold or other assets which are known to get more expensive over time

that might be (almost) true for gold, but Bitcoin is high risk in long term.
I highly doubt that anyone who bought at $1200 in 11/2013 still has the coins (to make the most extreme example). and even if you bought at $1200 and it realy will have a new ATH, you still had your money frozen for years = unusable

[SAMKUSH]

My biggest mistake involved opening a position to hedge a second position, however I ended up purchasing 10x the amount I wanted to because of an extra 0 in my order.

[deisik]

most common mistake is to not go out of a losing position and hoping for it to turn in your favor, even if there is nothing that indicates it will turn

Waiting the bad prices out could potentially work out at the end of the day for bitcoin or, for example, physical gold or other assets which are known to get more expensive over time

that might be (almost) true for gold, but Bitcoin is high risk in long term.
I highly doubt that anyone who bought at $1200 in 11/2013 still has the coins (to make the most extreme example). and even if you bought at $1200 and it realy will have a new ATH, you still had your money frozen for years = unusable

In fact, gold is as risky an investment as any other commodity investment out there (other precious metals, before all). It seems that we are still below the inflation-adjusted ATH of the early 1980s:



What I meant to say essentially boils down to investing (or trading, for that matter) in assets which price cannot allegedly hit the floor. I agree that Bitcoin doesn't quite cut it yet and can be only marginally considered as such an asset, but it is still by far better in this respect than futures and options that have a predetermined expiry date or some trash bonds...

So, the "strategy" of waiting out is fully applicable to it

[bitbunnny]

From my experience very simple to say, bad judgement. At the beginning I didn't have enough knowledge and experinece, haven't made enough analysis and haven't monitored tendencies very carefuly. I thought trading is easy (big, big mistake) and cost me the significant amount of coins. But I have learned my lesson for the future.

[Bitcoinsummoner]

I think i dont experience worst in trading but i lose when i invest in new releases altcoin after their ico i made a good profit in the first with a small amount i made 120% of profit but the problem because of greediness i buy again this altcoin and set a margin again but the result lose it all i though that i can make more profit..

[yakdivine]

For you to succeed in life, you must incurred some losses. Trading currency is a game of experts, professionals and thinkers. Professionals trader, trade with losses in mind know will that losses is the beauty of trade because the learned more in losses than in profits, so the professional learn from they losses and expanding their knowledge in trading and used what their have learned to make more profit in future or avoid bad trade. So my advice to every trade is- get used to losses and you will become a successful trader, for success laid at the other side of success.

[Hellacopter]

I think the biggest mistake is just trading without enough experience and knowledge about this domain, so usually the trader this way choose the worst altcoins and the result is losing his money of course.

[nejibens]

Trading without any experience and enough knowledge is a big mistake, and another mistake is trading the shitty new coins which haven't any potential.

[StarofBTC]

Trading without any experience and enough knowledge is a big mistake, and another mistake is trading the shitty new coins which haven't any potential.

When you are having enough experience, you will not choose new coins for your trades.

Experience is always a handy even for trading too. Due to lack of experience, almost every gambler would have learned some lessons in their beginning days and I am also one of them. Still, I feel it like the price I have paid for the lesson, I learned my that mistake.

[Bitcoinsummoner]

Trading without any experience and enough knowledge is a big mistake, and another mistake is trading the shitty new coins which haven't any potential.

Your right this is one of the big mistakes  if you in trading better to start small amount just like other traders where they are starting.. before you can invest a high large amount to increase your profit everytime the price is increase..

[mindrust]

The most common mistake is panic buying/selling. If its too late to buy/sell, leave as it is.I am not saying putting stop losses is a bad idea. It is not. But if you don't have one, and you stucked on the opposite side of the trade you have nothing to do. That's why you shouldn't have put more than you could afford to lose in your trades.

I did so many of those panic sells/buys in the past and i consider my loses as a payoff for my trading education.