Mistakes in trading that lead to loss of money

[Shutup]

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.

Yes mistakes in trading leads to lose of money .But that mistake will bring to u also to move on to succeed. Because being a trader failure is a part to succeed because that would be your lesson for the next transaction not to do a mistake again. Lesson is important to be passed on the class. So l believed after that  lesson l will not give up but that would be my strength to succeed in life.

[waynechong1995]

If you would consider selling too early then of course that's the biggest mistake you could do. But many mistakes done by most of us is not keep infromations updated on coins that we just dumped as now I recalled I lost most of my profit opportunity of just letting a token I sold get even more higher. I should keep track on those performance

[neolite]

From my point of view, the biggest mistake is to buy when you see that a altcoin has grown a lot.Another mistake would be the desire for huge profits like 5x-10x in a week.

[Man21]

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 think before asking any of people opinion or experience, i think you can share your experience first.
Any way, in my experience, my greedy and panic are the most problem i have. When the price jump and i already have good profit but i still hold and waiting the price up again and again. I never think that already overbought the price goes back down very fast the i was ending in loss.

[sucix]

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.

I am really newbie at all and i have the same mistake like panic sell amd panic buying.
Anyone know how to handle it? I tried many way to kill my panic when i see the price but its too great to kill. Difficult coy

[dimonstration]

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.

I am really newbie at all and i have the same mistake like panic sell amd panic buying.
Anyone know how to handle it? I tried many way to kill my panic when i see the price but its too great to kill. Difficult coy

make on how you may handle your emotion are really hard to do , specially when you are in trading and all you wanted to have is how much profit you can get for so as of you may see a lot of good things while you are in trading handle on how you may take that panic your emotion to be is the best way on it.

[TeamUp]

Emotion!!! emotion always clouded my judgement. Even thou I already made my research about the coin and convince that it has potential BUT when the price drop down, my emotion be like "better lose a less than lose a lot, PANIC SELL!!" v.s. my brain "you made a research, its not a shitcoin, its just temporary it will jump high believe in youre research" and i guess you already know who triumph between the two. BUT with experience now, somehow i can keep in check my emotion now but still made some few mistake because of it.

[nasipadang]

My mistake is that I can easily believe the news is not necessarily true, and also the fundamental mistake that always happens to me is impatience, I've even lost 50% of my money because it's easy to believe in untrue information.

[readygoaw]

this is an awesome place to learn from other's mistakes. or me I always make a plab but bever stick to it ub oani due to fear/greed

My mistake is very simple. I do not like to put a stop-loss and this leads to drawdowns. But now I do not allow myself to do this.

[otunayode]

I think the frequent mistake trader make from time to time is the inability to set the price to sell and failure to set stop loss. These actions is obviously simple yet trader don't do these things. Market can not be timed hence you must do these things!

[mrproblem]

top 3 are :
Panic Sell
Don't know stop loss
buying pumped coin

So if you checkyour trade at least 3 of them above, you can get yourself away from most of mistakes

[btc78]

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.

this is the commonly way that users in crypto loss their funds by panicking and didnt make a proper research and background check for the coins we will investing.me my self is a victim of this mistakes and losses some big amount at first.

But now i have learn from my mistakes and always anticipating the panics and research before buying in that way i prevented my self for another loss of funds.

[Fedrey]

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.

this is the commonly way that users in crypto loss their funds by panicking and didnt make a proper research and background check for the coins we will investing.me my self is a victim of this mistakes and losses some big amount at first.

But now i have learn from my mistakes and always anticipating the panics and research before buying in that way i prevented my self for another loss of funds.

It always happens that when you try to do everything Better than it was last time, it turns out much worse. Most likely, This is due to the fact that you make mistakes due to lack of information and very carefully want to process everything. I believe that the key to success is only a clear analysis of the project itself, in which you can be sure that their coins will have a good price. Otherwise you can lose, but not very popular altcoyin.

[Drizzlepistol]

when the price of the crytocurrency goes down, we hesitate to sell and try to hope that it will go up again but the price keeps going down, we dont have a trong a stop loss. so that causes huge loss

[Thardz07]

My mistake in trading is lack of of knowledge in technical analysis and fundamental analysis. Thought that the coin is in a low price and buy it but knowing it's in a higher level and I've lost 50% of my investment because of massive dumps.

[Gabz999]

My mistake in trading is lack of of knowledge in technical analysis and fundamental analysis. Thought that the coin is in a low price and buy it but knowing it's in a higher level and I've lost 50% of my investment because of massive dumps.

Base on my experience, I also admit that one of the biggest mistake I'd ever had is jumping on a boat without knowing where it will going. It's a mess and really a bad nightmare for me. Its really a big mistake when you trade without learning anything about it.
Also Don't believe on those channels out there saying that they are giving signals most of them are pumps and dump. I my self also victim by one of those group, So my mistakes gives you a lesson

[Kamelia]

My mistake sometimes is that I set order and forgot it. When my BUY oRDeR is filled, and check it next day the coins price is  very low or being dump already and its hard to recover. It is better to active and updated always when you trade.

[hritevanz]

Trading is a risky method, but it can double someone's money depending to someone's skills and abilities. Indeed, mistakes in trading by not having enough knowledge will result of losing of money. One of the expert's advice is to read and ask other people who has experience in order to avoid the sad situation. But for me, if you think that you are ready to face the consequences and still willing to continue after losing then that is a good attitude. 

[EdenHazard]

Definitely, panic buying! Although I put a 5-15% profit mark on a daily basis with my coins, sometimes I got carried away with all those pumps not realizing that I'll be left hanging once everyone had dumped theirs. So the next step would be to hold them in bag and wait. So yeah, at least I'm patient enough to wait and see if where those coins will lead me someday. Each day new learnings.

panic buying are not really a mistake , as long as you do it step by step.

i mean when the price drop you buy it in panic then it bouncing back , you have done a right action. but if the price continue drop then you can buy it several time again and again until the market recovered. the real mistake are when you do trading in greedy , you know it is time to take some time to rest but you keep trading , that time you will have no good point of view and decision in trading.

[starsnshamrocks]

Plenty of reasons behind it:

- no research
- no strategy
- bad timing
- no study of the market and charts
- picked the wrong exchange
- picked the wrong time interval to trade
- team behind the coin turns out to be not as competent
- not the right mind set
- trade position too high
- stop loss is getting hit (safety function)
- losses belong to trading - you cannot always win