Mistakes in trading that lead to loss of money

[virasisog]

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.

[Zadicar]

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.

[virasisog]

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.

Yes ,not a NO at all times because if you Reverse what they want to happen just think of it and as you said what they are trying to troll is the cryptocurrencies that they want to have a good profit .But reading on trollbox have a good advantage if you get my point there .just observe and move silently like the PRO traders who keep on hiding all the way.

[RealBitcoin]

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 biggest mistake you can do is to open an account. Trading is essentially gambling. You cant make money in a zero sum market. It's efficient market hypothesis.

The same amount of money goes in as out. Few lucky gamblers win, while the rest of them lose money.

Boy if brokers and exchanges would actually publish their clients win/loss ration, I guarantee you 90% of the suckers would lose money, and only 10% would win money. And its all random. It's just a casino.

But the real profit goes to the exchange, because they take a % off from every trade you make. The house always win

[Superzpay]

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.

[crairezx20]

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 experience that before when i was new in trading and trying to ask them if what are the best altcoin to choose they are just promoting what they are holding just to push the price to increase and i think much better to make your own decision and analyze since we have coinmarketcap is a good place where you can see the best altcoin in top 20 that you can start trading for long time than investing in new altcoins.

[anonbit992]

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 experience that before when i was new in trading and trying to ask them if what are the best altcoin to choose they are just promoting what they are holding just to push the price to increase and i think much better to make your own decision and analyze since we have coinmarketcap is a good place where you can see the best altcoin in top 20 that you can start trading for long time than investing in new altcoins.

I have always lost more money trading and made money by investing and holding on to investments for years. I suggest newbies to invest in good crypto coins, I think the top 20 to 30 coins in coinmarketcap.com are pretty good to diversify and to stay invested in. And for God's sake, ignore any recommendations given in troll boxes. Always do your own research as it is your own hard earned money.

[davids]

Main Mistake i made in trading when i bought the coins at a higher price and selling it at the lower price, and when I sell the coin, the price is going up by slowly

[The Sceptical Chymist]

Following tips from people who don't know what they're talking about.  I've made my own mistakes--and I'm not talking about in the bitcoin world, but the stock market--but taking tips is probably the worst thing.  I lost money on what I thought was going to be a breakthrough pharmaceutical company, and it fizzled big time.

Buying any sort of shitcoin is a mistake, and it's always more of a gamble than you think.  These markets are insane, the price swings, the uncertainty.  I don't have the brass balls needed to make good trades.

[bravehearth0319]

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.

Well, I never see in my entire life that in every mistake of individuals they didn't loss of money, though not all mistakes money is always connect into it. Now when it comes by doing trade in the exchange platform as much as possible for whatever mistake that we are going to make let us not repeat the wrong that we've done before like our emotions controls us which leads to loss of money instead we supposed to be the one who should control our emotions.

[Rahar02]

the worst mistake in trading is panic buy or panic sale, when you already panic you wont be able to think clearly and without you realize you are going to lose a lot of money, the second mistake is impatience, in trading some of the coins you bought cant directly up, sometimes people are impatience and sell all the coins eventhough the price is low because they dont want to wait anymore

What I had learned was the most important in trading that could lead to profits or loss is "the right time to".
For example, my previous coins which I've should earned big profits but I was too late to sold it.
So, every traders need to observe the market price every time, at least every hour or 30 min.
If you lose your chance than you have to be more patient to wait until until it goes up again which I find so hard to.

[Vorth]

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.

Everyone was into panic selling when the bitcoin reaches $1100 that causes the crashed of it into low value which makes traders in wrong move I guess.
So my mistake on trading was selling my coins in too much low price before which is so bad because I just need to fill something but when I saw the price of bitcoin was increasing fast, my big regret in my part.
So in making decision, think much for that, do not rush it.

[Zadicar]

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.

Yes ,not a NO at all times because if you Reverse what they want to happen just think of it and as you said what they are trying to troll is the cryptocurrencies that they want to have a good profit .But reading on trollbox have a good advantage if you get my point there .just observe and move silently like the PRO traders who keep on hiding all the way.

If you would invert their announcement you will surely get idea and would do the opposite way and with that you could possible make profits on that if you are clever enough.Yes,i do got your point and im thinking that thing but i dont really interested since most of the time words on the troll box you wont really know if its true or not but most of the time they are just fuds.

[AjithBtc]

Mistakes happen with bitcoin trading are with the profit margin. Expecting huge profit, the profit margin will be kept high. This affects the stable movement of buying and selling process which is not good for trading.

[agustina2]

I have always lost more money trading and made money by investing and holding on to investments for years. I suggest newbies to invest in good crypto coins, I think the top 20 to 30 coins in coinmarketcap.com are pretty good to diversify and to stay invested in. And for God's sake, ignore any recommendations given in troll boxes. Always do your own research as it is your own hard earned money.

It's not enough just to based to that top 20 coins in coinmarketcap.com. They have a volatile price since then. Only bitcoin is meant is fit for long term holding as future is bright as based on the development of bitcoin since the beginning.

Those other alts are not meant for long term holding. When I say long term holding, it's years in the making and bitcoin is the only fitted to that role. Those other alts that have been on top like you are saying in coinmarketcap.com is profitable by doing regular trades and not just by holding since they are heavily manipulated due to numbers of distributions.

[virasog]

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.

Exactly!! This was happened when the price increased and reached $1100 everyone panic of the too much price increased so what happened was big crashed of value, but me I preferred to hold it even though many were just giving me an advice to sell it while it is in high price.

[Qunenin]

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.

Exactly!! This was happened when the price increased and reached $1100 everyone panic of the too much price increased so what happened was big crashed of value, but me I preferred to hold it even though many were just giving me an advice to sell it while it is in high price.

Almost similar happens with me, But then what happened before was my mistake, I sell my coins in low price and I saw the price is still moving high, but then my mistake was made already, so I learned.
Important thing is you learn from mistakes.

[lionheart78]

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.

I have observed that too, actually I totally shutdown  trollbox together with yobit and looked for another  trading platform.  There are lots of coins that were traded in there but you cannot deposit nor withdraw.  They shut off some of their coins from the outside and creating a close ecosystem of the coin within their exchange making people especially newbie believe that the coin is actually trading which I think is cheating.  And yes if you ever listen to the trollbox make sure that you will use the information and market observation to your advantage.  Often than not, trollbox always say the opposite.

[Fireblade]

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.

Exactly!! This was happened when the price increased and reached $1100 everyone panic of the too much price increased so what happened was big crashed of value, but me I preferred to hold it even though many were just giving me an advice to sell it while it is in high price.

most of the time when the price of bitcoin raise a little people start thinking about the market, and when it start taking a little correction people consider it as a big crash and so they start panic selling which effect the market a lot. some time crash like situation occur. 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, we have a good example n previous days when the price start decreasing put people hold their bitcoins and refuse to sell therefore the market recover its position very soon and is now trading in  a very very stable mode.

[1Referee]

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.