Mistakes in trading that lead to loss of money

[udin01]

sometimes i do some mistake in take fast decision about to hold the coin or i sell that coin   

[FLoving]

a few months ago when I was totally new in trade I went to yobit and searched for buying an altcoin I saw a coin which price was 1 satoshi and I bought that and then put them on sale for 2 satoshi and not sold then i put them on 1 satoshi and but even after a few months no one is there to buy it.

[wintermeasures]

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 Following are the Main Mistakes Done By All Who are New in Trading:-
1) The Most Probable and Main Mistake That is Done By Most of People is Any Person Who is New to trading Start Doing Trading without Having the Knowledge of trading....
2) The Second Mistake is Always Some Users  Put Their All Money into One Altcoin and If the Altcoin Prices Got Down then they Lost Their Money.....

[outatime1]

If you buy all in and then the price keeps dropping, you will lose a lot of money. I buy in stages so I'm not all in at one time. Same idea for selling because if the price keeps rising, you want to be able to keep selling.

[outatime1]

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

[JeffBrad12]

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

I just got a little from a lot of my experience in trading some people are not be patiently about waiting for the price are get pumped and that's why that's the general reason a lot of the people are will get a lot of loss, this so simple but contain a lot of knives will be attacking for themselves.

[traderethereum]

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

its true and we should controlling our emotion when we see that there is panic buy and sell in market. but for personally i have this experience and this just make me loss much because in that time, there is dump for the price, and i am forgot to analyze the market. i sell it for low price but after 30 minutes, the price is back normal. its really sad but i consider to make it as a lesson for me.

[Supercrypt]

a few months ago when I was totally new in trade I went to yobit and searched for buying an altcoin I saw a coin which price was 1 satoshi and I bought that and then put them on sale for 2 satoshi and not sold then i put them on 1 satoshi and but even after a few months no one is there to buy it.

Coins being traded to 1 sat can never achieve a higher value really, always invest in coins that have at least 100-200 satoshi value so there is room for the price to drop and rise back again, 1 sat means the coins are basically being dumped. I also have given loss in alt coins trading but now I have some nice profits going on these days.

[Kotone]

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.

Nope im not sure that you really loss of shit load of money because of mess buying coins in trading or exchange website you can just simple hold that coin and wait till the price quitely increase in the future or in few months you will be good as that and you can really minimize your loss in trading if you gone really mistake you can sell your coins into much cheaper price.

[Kemarit]

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

its true and we should controlling our emotion when we see that there is panic buy and sell in market. but for personally i have this experience and this just make me loss much because in that time, there is dump for the price, and i am forgot to analyze the market. i sell it for low price but after 30 minutes, the price is back normal. its really sad but i consider to make it as a lesson for me.

Thats a problem if emotions got in first panic will happen especially when whales got move in for sure its really hard to analyze what will happen next.

[shinratensei_]

If you buy all in and then the price keeps dropping, you will lose a lot of money. I buy in stages so I'm not all in at one time. Same idea for selling because if the price keeps rising, you want to be able to keep selling.

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

Are can't for mixing your doubled post into the one kind of post, this seems like just a spam. and will be the good essay for me.

[StarofBTC]

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

I just got a little from a lot of my experience in trading some people are not be patiently about waiting for the price are get pumped and that's why that's the general reason a lot of the people are will get a lot of loss, this so simple but contain a lot of knives will be attacking for themselves.

Though I agree with you but still I have faced a lot of loss in my trading history due to being to stubborn and not selling the coins at the right time. I had time where the price was going down but I did not sell so that I can sell at a higher value. So better to sell the coins when its dropping since it might be the dump stage.

[Golftech]

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

I just got a little from a lot of my experience in trading some people are not be patiently about waiting for the price are get pumped and that's why that's the general reason a lot of the people are will get a lot of loss, this so simple but contain a lot of knives will be attacking for themselves.

Though I agree with you but still I have faced a lot of loss in my trading history due to being to stubborn and not selling the coins at the right time. I had time where the price was going down but I did not sell so that I can sell at a higher value. So better to sell the coins when its dropping since it might be the dump stage.

no don't follow the flow if you are investing with known alt we are inside crypto so we better to keep our coins if we seen that we are losing the value then park it and wait for the coin to explode back.

[talkbitcoin]

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

I just got a little from a lot of my experience in trading some people are not be patiently about waiting for the price are get pumped and that's why that's the general reason a lot of the people are will get a lot of loss, this so simple but contain a lot of knives will be attacking for themselves.

Though I agree with you but still I have faced a lot of loss in my trading history due to being to stubborn and not selling the coins at the right time. I had time where the price was going down but I did not sell so that I can sell at a higher value. So better to sell the coins when its dropping since it might be the dump stage.

while trading you should plan ahead not when things happen.
this means that you should have this thing called stop loss in your mind that you sell when that limit is reached without any hesitation. i have also lost money because of being stubborn and not selling but now i sell no matter what happens next if my target is reached.

a small loss is a lot better than a big loss.

[SvenBomvolen]

   Trading is something that I read about, I actually still didn`t try to trade. I don`t have any knowledge about it, and from economy I know just simple things. This thread can be guide for us who don`t know nothing about trading.
   They say its best to learn from other people mistakes, this thread is exactly that. With this help we can avoid some mistakes and save our money, now when we know where to look, we can just be better in trading. Thanks a lot to everyone for this help.

[equator]

Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.

I just got a little from a lot of my experience in trading some people are not be patiently about waiting for the price are get pumped and that's why that's the general reason a lot of the people are will get a lot of loss, this so simple but contain a lot of knives will be attacking for themselves.

Though I agree with you but still I have faced a lot of loss in my trading history due to being to stubborn and not selling the coins at the right time. I had time where the price was going down but I did not sell so that I can sell at a higher value. So better to sell the coins when its dropping since it might be the dump stage.

while trading you should plan ahead not when things happen.
this means that you should have this thing called stop loss in your mind that you sell when that limit is reached without any hesitation. i have also lost money because of being stubborn and not selling but now i sell no matter what happens next if my target is reached.

a small loss is a lot better than a big loss.

What you said is the main key point of trading secret, one is not to panic in trading while buying and selling and another is play with stop loss so that even loss should be controlled.

[veleten]

panic sell/buys is the most commnon mistake by far
emotional trading always lead to troubles,hence inability to hedge loss and sell short (hey I can't accept this small loss I'd rather sit in it untill I get profit=more and more loss)
majority treats trading as a short distance track as opposed to a marathon,if you speak in track-and-field terms
you cannot always win or always lose,unless you are totally incompetent or IQ <50 it is the ability to maximize your wins and minimise loss that is the mark of a good trader
another big mistake is technical errors or thumbles due to loss of concentration,when you enter extra 0 or choose the wrong pair etc.
you would be surprised at how much money is lost this way,I bet this sort of mistakes happened to you at some point of your trading career too

[clickerz]

Though I agree with you but still I have faced a lot of loss in my trading history due to being to stubborn and not selling the coins at the right time. I had time where the price was going down but I did not sell so that I can sell at a higher value. So better to sell the coins when its dropping since it might be the dump stage.

All I can advised is, do not feel inlove with your coins. It happened to me several times,since I like the coin,I am reluctant to sell it. What happens next was a very low price value since it continue to dump. I did not sell until was delisted.  

[naidray]

sometimes i do some mistake in take fast decision about to hold the coin or i sell that coin   

It is advisable you should stop making that mistake by been current on what could possibly have positive or negative impact on the price of the coin and concisely monitoring market trend. With that, you may never make any mistake again. Basically we should not trade on hurry. Decisions while trading always should be taken after double conformations.

[ivanst776]

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.

One common mistakes that people make when trading is investing or buying a coin that is few days/week old.

Investing in something that is brand new is very risky because the price of these coins ends at 1 satoshi.

Another mistake which I consider is very important is using bots without knowing how to use it.