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Author Topic: Mistakes when trade coin  (Read 934 times)
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April 13, 2018, 02:27:06 PM
 #21

The worst mistake that a bitcoin trader is the lack of knowledge and out of greedy for unjust gain they are loosing their investment just before they got some more profits. To avoid such mistake it is advised that one should gain knowledge before going into trading.
In fact, such mistakes are very common in trading strategies in the crypto market. In fact, we do not control the process and the difficulty to know the proper time to sell. The psychology of business people is the problem of profit.
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April 13, 2018, 02:35:13 PM
 #22

The mistake is that we are too hasty to sell them, not patiently holding them for long periods of time. In the Crypto market, if you are patient, you will probably be more successful. Do not worry too much about the current price they will not be good for you.
Begining everybody will make mistakes in trading it is common, but in trading, every mistake will teach you a new lesson but don't you repeat it again and again. major mistake what people will do means they will not control their emotions and take panic decisions.
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April 14, 2018, 04:01:14 PM
 #23

I also did this mistake, too greedy make me lose in big money, learn from this mistake i was make other better strategy and less monthly target profit. Make consistent profit from trading was not easy, need long proccess and keep learning for better strategy and risk management to reach goal.
Greed is an emotional play that happens when you really are expecting too much from a market that is highly volatile or you simply do not just know when to sell based on the market trying to change trend most of the time. There would always be that signal and what would make greed set in is when you are just gambling the market.

As long as you always know exactly what you are doing, you will always and easily find the better spot to always buy and sell without letting emotion kick in. When we do fail emotionally against market volatility then all our trading plans may end up in vain including our efforts.
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April 14, 2018, 04:50:09 PM
 #24

1. Too hasty, lack of knowledge

-This is a mistake that most investors when started. The hot growth of the market, the price of Bitcoin growth every day is the main motive for new investors to participate in this market. They are always afraid to miss the opportunity. So they hurried into the market and forgot to learn. So learn first. Be patient waiting for a price you think is good, or at least according to technical and market signals.

2. The goal is too big, greedy

-You should set goals when entering the market just to be profitable. Do not expect too soon to be rich or become a millionaire in a short time. When I join ico, it must reach x $ or x5, x10 for these ico, that actually kills me. When the price fell, I did not sell. That was a big mistake.
Most of the investors, trader has experience, they only want to increase their property by 30% in a month. They are too happy. Remember to a story put the grain on the chessboard with 64 boxes. Patience, not to lose, your property will quickly bulge
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.

3.Do not stoploss
-This is an extremely important lesson. Any experience or famous investors emphasize this. Stoploss help you have successfully trade up to 80%, do not know how to stoploss, you certainly never win, just fail sooner or later. You can not stop the market trend, stop loss is painless to want to do, but it protects your capital, help you get back to very quickly.

4. Try to resist the trend
-Try to resist the trend
You will be dying right away, which is the answer to trying to resist the crowd trend. In a festival, the whole crowd is joyfully moving forward, you just go back, you are immediately stamped to death. For the market too. When the crowd rushes to buy the excitement, you think the market will fall, you will certainly lose money. In contrast, when the market has strong sell trend, you try to hold the more losses. Get out as soon as possible and go earlier than the crowd.. If you run after the crowd, of course you will be able to die with the crowd, know enough and stop even though the crowd is still running. In every investment, in the long run the crowd has never won. When you are swept away so fast, as the car is so fast, braking slowly no matter what trouble will help you stop safely, waiting for the incident, whether the car is good but you also hurt less a lot of.

Appreciated,Such an informative post.Actually mistakes make man perfect and if we do mistakes it mean we are doing something. We also learn from mistakes and mistakes become our teachers and it convert our losses in profit.
We must keep learning and avoid to mistake and never do which did in the past.


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April 14, 2018, 06:11:57 PM
 #25

The worst mistake that a bitcoin trader is the lack of knowledge and out of greedy for unjust gain they are loosing their investment just before they got some more profits. To avoid such mistake it is advised that one should gain knowledge before going into trading.
In fact, such mistakes are very common in trading strategies in the crypto market. In fact, we do not control the process and the difficulty to know the proper time to sell. The psychology of business people is the problem of profit.

That's why you have to trust your own instinct it is also considered as luck and in order to make the least mistake you have to predict the run of the market in order for you to advance and to gain such good profit. You may get big or small  profit but the most important thing is that you learn day by day.

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April 16, 2018, 03:21:02 AM
 #26

The worst mistake that a bitcoin trader is the lack of knowledge and out of greedy for unjust gain they are loosing their investment just before they got some more profits. To avoid such mistake it is advised that one should gain knowledge before going into trading.
Yes. Lack of knowledge ushers in a lot of emotion when you are trading. It makes it seem more like gambling because it is only based on your perception or what you feel and not what you are seeing in the market based on the charts and indicators which are basically there to help you make decisions in the market. Trading is a huge profession that requires a lot of attention and not being fully equipped with all the knowledge is usually more like going to war without tools.

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April 16, 2018, 03:45:20 AM
 #27

The mistake is that we are too hasty to sell them, not patiently holding them for long periods of time. In the Crypto market, if you are patient, you will probably be more successful. Do not worry too much about the current price they will not be good for you.
Begining everybody will make mistakes in trading it is common, but in trading, every mistake will teach you a new lesson but don't you repeat it again and again. major mistake what people will do means they will not control their emotions and take panic decisions.

Agree. It is common in nature that being a new in investment it could take more times to be successful and learned about every mistakes undergone. Most important thing that we should know is the market behavior that make advantages for us when decided to trade our coins. Great patient and great knowledge combined will take less mistakes of trading process.

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April 16, 2018, 04:01:29 AM
 #28

You listed many of the mistakes that I did and if i wouldnt have made those simple mistakes i would be so much wealthier right now.  if i didnt get too greedy, and just cashed out, after Ethereum experienced its huge spike I wouldve been able to buy 30+ ether at current prices.  But what my greedy self ended up doing was putting all my profits into litecoin thinking it was going to boom next.

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April 16, 2018, 09:36:15 AM
 #29

The mistake is that we are too hasty to sell them, not patiently holding them for long periods of time. In the Crypto market, if you are patient, you will probably be more successful. Do not worry too much about the current price they will not be good for you.
Begining everybody will make mistakes in trading it is common, but in trading, every mistake will teach you a new lesson but don't you repeat it again and again. major mistake what people will do means they will not control their emotions and take panic decisions.
Not even only in trading but in every walk of life. People must understand that in any game, either they win or they learn. Now the successful persons adopt this ability to learn from what they had done wrong in the past. The new strategies are devised and the new plans according to the learning from mistakes are established. And only such actions will impart a better profit ratio after trading.

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April 16, 2018, 09:57:43 AM
 #30

In short we should not get started with the crypto trading if we have no working knowledge of the same. If we need to work on the successful methods then surely we need different techniques to be deployed and then work on the same, and we again come to the first point of yours, we need knowledge to do that. Yes surely I always believe in the information and if we dont have enough then we dont et back enough as well. People are talking about the greediness here, and I like that we do have awareness for it amongst the community as it will bloom the trading industry if people keep the investments optimum thus making the market grow. There is big principle behind it anyway but do works.


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April 16, 2018, 10:23:53 AM
 #31

The mistake is that we are too hasty to sell them, not patiently holding them for long periods of time. In the Crypto market, if you are patient, you will probably be more successful. Do not worry too much about the current price they will not be good for you.
Begining everybody will make mistakes in trading it is common, but in trading, every mistake will teach you a new lesson but don't you repeat it again and again. major mistake what people will do means they will not control their emotions and take panic decisions.
Not even only in trading but in every walk of life. People must understand that in any game, either they win or they learn. Now the successful persons adopt this ability to learn from what they had done wrong in the past. The new strategies are devised and the new plans according to the learning from mistakes are established. And only such actions will impart a better profit ratio after trading.
some people cant understand why they have some mistake for and they think that they dont deserve that kind of mistake but we should be able to learn for every mistake that may done for.

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April 16, 2018, 10:56:07 AM
 #32

1. Too hasty, lack of knowledge

-This is a mistake that most investors when started. The hot growth of the market, the price of Bitcoin growth every day is the main motive for new investors to participate in this market. They are always afraid to miss the opportunity. So they hurried into the market and forgot to learn. So learn first. Be patient waiting for a price you think is good, or at least according to technical and market signals.

2. The goal is too big, greedy

-You should set goals when entering the market just to be profitable. Do not expect too soon to be rich or become a millionaire in a short time. When I join ico, it must reach x $ or x5, x10 for these ico, that actually kills me. When the price fell, I did not sell. That was a big mistake.
Most of the investors, trader has experience, they only want to increase their property by 30% in a month. They are too happy. Remember to a story put the grain on the chessboard with 64 boxes. Patience, not to lose, your property will quickly bulge
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.

3.Do not stoploss
-This is an extremely important lesson. Any experience or famous investors emphasize this. Stoploss help you have successfully trade up to 80%, do not know how to stoploss, you certainly never win, just fail sooner or later. You can not stop the market trend, stop loss is painless to want to do, but it protects your capital, help you get back to very quickly.

4. Try to resist the trend
-Try to resist the trend
You will be dying right away, which is the answer to trying to resist the crowd trend. In a festival, the whole crowd is joyfully moving forward, you just go back, you are immediately stamped to death. For the market too. When the crowd rushes to buy the excitement, you think the market will fall, you will certainly lose money. In contrast, when the market has strong sell trend, you try to hold the more losses. Get out as soon as possible and go earlier than the crowd.. If you run after the crowd, of course you will be able to die with the crowd, know enough and stop even though the crowd is still running. In every investment, in the long run the crowd has never won. When you are swept away so fast, as the car is so fast, braking slowly no matter what trouble will help you stop safely, waiting for the incident, whether the car is good but you also hurt less a lot of.

Thanks for this mate and it is going to help a lot of newbie and inexperienced traders out there, even average joes like me. Resisting the trend is very important, especially when the media is so powerful to influence the crypto markets when there’s bad news. All of these points makes sense to me, and I would take note for all of them. Cheers!














 

 

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gabmen
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April 16, 2018, 04:13:42 PM
 #33

The mistake is that we are too hasty to sell them, not patiently holding them for long periods of time. In the Crypto market, if you are patient, you will probably be more successful. Do not worry too much about the current price they will not be good for you.
Begining everybody will make mistakes in trading it is common, but in trading, every mistake will teach you a new lesson but don't you repeat it again and again. major mistake what people will do means they will not control their emotions and take panic decisions.
Not even only in trading but in every walk of life. People must understand that in any game, either they win or they learn. Now the successful persons adopt this ability to learn from what they had done wrong in the past. The new strategies are devised and the new plans according to the learning from mistakes are established. And only such actions will impart a better profit ratio after trading.
some people cant understand why they have some mistake for and they think that they dont deserve that kind of mistake but we should be able to learn for every mistake that may done for.

Most of us actually do learn from them. Even experienced and seasoned traders earning a lot right now started out like us making several mistakes along the way. It's just that thise mistakes made them better in reading the market and i don't see why that can't happen to us if we just pay attention

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April 16, 2018, 04:35:36 PM
 #34

too greedy

that what i got when i lost my 0,5 btc in nxt after gaining 0,3 btc on that
i dunno what im thinking that time, i just wanna more and more without knowing the risk , without get more information about the future of my coin

but it okay i got all experience from that
sometimes being too greedy isnt that bad
u just need more patient and take the right time

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April 16, 2018, 04:38:19 PM
 #35

Generate your bitcoin with CoinTradder.com https://crypt2coins.com/?refer=KentG212
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April 16, 2018, 04:49:28 PM
 #36

To want that profit in an early stage.
I have that mistake most of the time. I get too itchy to press that sell button just to avoid the loss then suddenly there will be a bull that will come.

It is somehow a good thing but also a bad one. The good thing is you are already safe with a little profit. Bad thing is suddenly it went to the moon and you are still standing in land.  Grin


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April 16, 2018, 06:12:09 PM
 #37

We all know that, we dont need you to repeat this over and over again. Everybody did the same mistakes before, and we all know that we can not buy in the middle of the hype, right?

The most important mistakes most of the people do is they buy the coin at the very high price when its on the peak following the hype and when the coins go down for its correction people get panic and sell the coins at bottom this is the most basic mistake people do in this crypto world and I have done the same many time but I have learned from my mistakes.

Damn, this kind of people is always posting the same crap.

The OP is good because there may be people who are new here and don't understand markets. The one you quoted is LOL and yes that is pretty much useless. I wish there was demerit button, would certainly make people think twice before posting nonsense like that.

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April 16, 2018, 06:28:58 PM
 #38

many experts do not use  3 position.
stoploss. and dont think that its mistake
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April 16, 2018, 06:56:10 PM
 #39

Stop loss is good for traders, when it is not used, you can lose all.

The most important mistakes most of the people do is they buy the coin at the very high price when its on the peak following the hype and when the coins go down for its correction people get panic and sell the coins at bottom this is the most basic mistake people do in this crypto world and I have done the same many time but I have learned from my mistakes.

 Because we are humans Smiley. We can't really predict exactly how or when the market is down for real and this is the problem. You jump inside thinking you are in a cool water only for you to get burnt seriously.

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April 16, 2018, 06:57:40 PM
 #40

investing more than you can afford to lose

for someone who begins trading in a bull market, it's easy to think that things will just keep going up

the last few months have shown us this is obviously not the case

this ties into the Selling at Cheap, Buying at Costly mistake, you have to be able to deal with a constantly shifting market

if a downturn causes you to panic, you've probably invested too much
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