Mistakes in trading that lead to loss of money

[Nikkolodeon]

well i thin the mistakes that I've done were buying high and selling low, because I thought that I will lose a huge amount of money if I didn't sell it.. also I am greedy that I am looking for a huge earnings I wasn't contented of the small pump and expecting it to pump even more but on the next day I regretted because it started to fall again.

[swordling143]

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 usual mistakes that traders commit in trading would always be the trait of being impatient. I've often read about stories from the forum that says how regretful they were when they did not wait for the right moment to trade, what's sad about it is how long they have held to their coin and just gave up. So, it's best to still be patient. 

[Pegiz]

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

I agree with you. Mistakes often happen because you were hurrying and sold too soon, without making any money at it. That's very bad and leads to mistakes.

[virasisog]

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 usual mistakes that traders commit in trading would always be the trait of being impatient. I've often read about stories from the forum that says how regretful they were when they did not wait for the right moment to trade, what's sad about it is how long they have held to their coin and just gave up. So, it's best to still be patient. 

Patience is the very most important thing next to a promising coin that you bought. Even i and some professional traders have always a regret in a particular coin. The next time you trade should be careful about that coin and comes up to your decision to accept and sell when you earn or hodl it for a longer time. Impatient isn't totally called a 'Loss' unless tou do selling at loss thats the mere fact oit there people are chasing some trends and leaving their coins even its a loss that i've done also in the end its always a decision making and accepting what you want and what you've done.

[drachman]

The biggest mistake is not doing proper risk management. Don't go all in! If the market goes against you, it wipes you out.

Only stake about a tenth of your stash - because you are not staking everything, you can wait for the trade to pan out without panicking.

This is a sound strategy but one that many newbies do not want to apply, why? Because that will mean their potential profits could go down and when we add the fact most of the time they have a small amount of capital then this means their earnings are not going to be as good, that is why they prefer to take the risk and put all their money in a single trade.

[deisik]

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 usual mistakes that traders commit in trading would always be the trait of being impatient. I've often read about stories from the forum that says how regretful they were when they did not wait for the right moment to trade, what's sad about it is how long they have held to their coin and just gave up. So, it's best to still be patient. 

Patience may cost you dear

If the coin goes down the toilet, your patience will do you more harm than good. The lesson to take home is that there is no particular virtue in being patient. Those who are naturally more patient are just thinking slower. It may in fact turn out that they fare better in the long run on average but the right approach is not messing up with how you are wired but knowing what you are doing. In that case it won't matter whether you are naturally patient or impatient. You will always be on time, neither too late nor too early

[wxxyrqa]

The biggest mistake is not doing proper risk management. Don't go all in! If the market goes against you, it wipes you out.

Only stake about a tenth of your stash - because you are not staking everything, you can wait for the trade to pan out without panicking.

This is a sound strategy but one that many newbies do not want to apply, why? Because that will mean their potential profits could go down and when we add the fact most of the time they have a small amount of capital then this means their earnings are not going to be as good, that is why they prefer to take the risk and put all their money in a single trade.

for such an attitude to trade one must be at least an experienced or already a professional trader. To date, all the trade that I produce, is more spontaneous and is aimed at my intuition. But nevertheless, it is not always true.

[gantez]

Mistakes made in trading are numerous, they range from being impatient, trading without observing margin, not trading with stop loss, emotions etc.

I like to say that one of the worse things that kills a trading account is emotion. If you are trading and can't control your emotions, it definitely means the person has started on a wrong footing. With emotion, you won't want to exit a losing trade just because of the amount involved even when the indicators have indicated exit to avoid multiply losses.

Therefore, so many times I have withneed my emotions engulfing me in a trade. Is a really difficult situation

[CHILO20]

The first and the most common i think not just for me but for all of us would be the emotional factor in trading.
We must be fully prepared before we even start clicking that buy button.

-Plan your trade, and trade your plan.
-Have a plan B.

I have a lot of rules but i think this two is my golden rule.
I mostly don't do Fundamental when trading and i obviously don't read and believe all the news.
I use it as reference for analyzing and back-testing, but mostly news are just a distraction. Something that can cloud up people's mind, especially those trader's who use Technical Analysis.

[Creating N Action]

Yes I greed. Mistakes in trading leads to loss of money that's why you need to be careful in every trading you must do. Think wise so that you avoid mistakes.  If you want to trade, you only use a small amount of coin so that if ever it breaks, a little bit of money will loose. Keep calm, don't panic and be patient all th time. Don't believe with the people you don't know more because some of them lead you to risk.

[shalnark]

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.

I agree. These are the most typical mistakes. It's not always profitable to buy on the increase, and if it is profitable, then the amounts earned won't be so big and we'll have to sell in all on time.

Maybe I think there are different causes of mistakes but for my opinion the one of the most common mistake that people usually commit in trading is the fact that they always panic when the price of the coin that they are trading drops down. It may not be as high as they expected, but still it is more profitable than selling low. They really need to understand that eventually it is price go back up again.

[bbcolex]

Mistakes is inevitable, Last time I doubled my investment and lost everything including the principle just because I used bigger size and narrow stop loss.Bigger size of trades in intraday is the culprit. You get tense when market start consuming Your profit which you earned, along with the principle and u will be stuck making multiple trade to get back what is yours from the market.

[TheKeyLongThumbI]

One of my mistakes in trading is picking up coins that are only 1 sats. My dumb thoughts on that day that it will rise eventually someday. I just realized after that it's a total shitcoin after researching about it and most especially it is on yobit.

[Apened]

One of my mistakes in trading is picking up coins that are only 1 sats. My dumb thoughts on that day that it will rise eventually someday. I just realized after that it's a total shitcoin after researching about it and most especially it is on yobit.

Its not to bad at all because once in a time some of those shitcoins gonna pump i mean to say it is a totally risky its like picking up a coin with a blindfold. Newbie traders often do buy that coins because of aiming a big profit without knowing that not that all have a chance to go up it is better to pick a low cap coin but have an active team.

[entrepmind23]

Being greedy. Not having a trading plan and always wanting to have a higher profit that would end up in a loss sometimes because I am hoping that the price would continue to go up and then later on it crash because of some rumor or news. I always go all in when trading before because when I put in a higher amount then the bigger the profit will be but then when price goes down, I would have a bigger loss that's why in the first few months that I am trading, I lost more than half of my capital because of not having a target profit and not using a stop loss. I learned my lesson though and I always buy in portions now and have a target profit or stop loss perhaps.

[cherryfer]

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.

Trading is one such good thing of business but regarding to experienced of mistake of trading, that's only for mishandling, just always deal what you want, do not do something contrary to avoid mistake

[anavir]

lack of knowledge and unresourceful about bitcoin are the one of the great mistakes in engaging to trading...you have to read more about bitcoin..be familiar and be resourceful about how people become successful in this field..

[Hypnosis00]

The most common scenario why people loss money in trading is because they are trading out of the hype, they are always chasing the pumps and the hype which always resulting for them from being a trader to holder and that doesn't make sense for me because it is better to just trade and buy those not hyped coins and wait for the hype for that coin so you will just harvest and not chase the hype.

[Mr.John19]

In the market cryptocurrency, there is an abundance of alt coins too hard to choose which altcoin can increase the price in the future. Agree on the in the trading is very risky. That why some of the traders to loss of money. It so discourages to lose money but hide that there is the reason why we fail. Before we become a professional in trading, there are a lot of circumstances including the loss. Lately, we realize the failure will be the guide that leads our success.

[dharnamonitor]

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

I agree with you. Mistakes often happen because you were hurrying and sold too soon, without making any money at it. That's very bad and leads to mistakes.

Selling too early sometimes won't be considered as a loss instead it was the safest way to execute trades.  If you wait a little longer and the price has lessen you lose the opportunity to atleast earn a small amount of profit. But it's surely was a mistake when we don't even consider reading or looking for the latest updates of the coins we've been used.