Mistakes when trade coin

[valheru]

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

[Pattart]

In bull market alot of crypto will going up more than 10times just afew month, in that times we can be agreedy trader but we should be also have strategy to minimize the risk and to lock the profit by use stop loss and trailling stop. So risk management is the most important thing in trading.

Yes I am sure it will rise very high but at the same time if we will be greedy to have fast profit we can lose our money and turn our profit into lose so better not to mistaken ourselves and keep holding to trade fro long term, risk is normal thing to take for any business but in case of crypto investment we can minimize it with patience and our knowledge before trading.

Yeah it often happens in trading, when prices go up people want to wait for the highest price so they can make the biggest profit. even though prices can stop and then fall, to avoid that kind of mistake, you need a plan like a selling target. and so for target stop lose when the price falls..

[Japinat]

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

That's not a wise mentality, we should only trust ourselves in trading, some people could be telling the wrong story and a wrong prediction, they
could be bias and they might not be as good as what we are expecting them to be. It's alright to consider other people's idea but not to the fullest that we will reach to the point that we will rely on them.

[mersal]

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.

I definitely agree all points when mistakes are happened this will be the reason when we have lost our money in the trading time but more than that any something will be needed for being and good trader and making money and distantly I definitely trust that.

[Mpamaegbu]

Number 4 is very vital for me - Don't trade against the trend. This is key. On a few occasions that I went against it I was punished. If you follow the trend, even when you get in wrongly you will still recover your position and make profit.

[BlackFor3st]

Number 4 is very vital for me - Don't trade against the trend. This is key. On a few occasions that I went against it I was punished. If you follow the trend, even when you get in wrongly you will still recover your position and make profit.

If we go against the trend means we create our own buy/sell orders and it makes no effect and the price gets opposite than we think. In trading we should not actually go with the flow but go with the trend. Going with the flow can make us fall in fake dumps/pumps so should stay cautious before following someone into trading.

[Tungsten-1]

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

That's not a wise mentality, we should only trust ourselves in trading, some people could be telling the wrong story and a wrong prediction, they
could be bias and they might not be as good as what we are expecting them to be. It's alright to consider other people's idea but not to the fullest that we will reach to the point that we will rely on them.

To avoid this kind of situation I only can say that never trust anyone without any authentic proves and also don’t listen to those who are only discouraging you by sharing their fake predictions, you only need to listen what other says but never listen or act upon everyone, it will mislead you and you can lose your money for panic.

[akram143]

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.

yes definitely these are the common mistakes made by lots of newbie and sometimes the experience the people also do some mistakes while trading but it can be corrected very easily so don't worry while making mistake because mistakes are the way to success.

[imstillthebest]

~ snip ~

yes definitely these are the common mistakes made by lots of newbie and sometimes the experience the people also do some mistakes while trading but it can be corrected very easily so don't worry while making mistake because mistakes are the way to success.

Yes . not only noobs do mistake but pro and experience traders do also experience mistakes at most times . mistakes are not bad . mistakes is normal and can happen to all of us because we are only humans , we arent perfect .

Mistake is also an advantage because it can taught you a valueable lesson in life . that lesson is to not give up easily. Most importantly , mistake can give you an experience that you can use in order to build up and improve your self .

[Wexnident]

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

Copying people's view towarda the market really sucks, its like depending yourself to them and whatever happens to them so will does to you. we should trade at our own will and be mistakes our own learning.

[futile-resistance]

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

What I believe is that we should trade when the market is trending upward and not downwards.

In many cases, people who lose in trading are the people who start trading and selling their coins when the market is going down. The fear of loosing value make them sell or trade and this is what makes the pessimism and do not allow them make money. What needs to be done is that one should go for trading if there is prospect of earning a next dollar, not loosing the existing dollar.

[maxreish]

4. Try to resist the trend.

Thanks for this. I agree with all your tips most especially with that no. 4 tip. I will surely remember to resist the trend. Somehow, this is my mistakes. Whenever everyone is on that way, I follow the trend which also makes me lose everything. Seems like it is just a trap and everybody falls for it and i had to escape right away. At least, I have learned something from your tips, mate.

[Ipwich]

4. Try to resist the trend.

Thanks for this. I agrer with all your tips most especially with that no. 4 tip. I will surely remember to resist the trend. Somehow, this is my mistakes. Whenever everyone is on that way, I follow the trend which also makes me lose everything. Seems like it is just a trap and everybody falls for it and i had to escape right away. At least, I have learned something from your tips, mate.

A smart trader would think that way, you learn from your experience, especially your mistakes.
Newbie are most likely to get FOMO or victims of FUD, that's how the market works while they dump, smart people will buy, just be on the right side.

[Faxmate]

4. Try to resist the trend.

Thanks for this. I agrer with all your tips most especially with that no. 4 tip. I will surely remember to resist the trend. Somehow, this is my mistakes. Whenever everyone is on that way, I follow the trend which also makes me lose everything. Seems like it is just a trap and everybody falls for it and i had to escape right away. At least, I have learned something from your tips, mate.

A smart trader would think that way, you learn from your experience, especially your mistakes.
Newbie are most likely to get FOMO or victims of FUD, that's how the market works while they dump, smart people will buy, just be on the right side.

I am one of those who knows how to take the advantage from opportunities, like if the price is low you can buy instead of being worry and sell all at panic, there are two ways when the price falls, buy more and sell high but wait until it happens or sell all at panic and suffer lose, I prefer buying and not to take any risk of making mistakes.

[BigTeeths]

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.

I think that my rich experience in the trading world made me learn to overcome 1-3 but the number 4 is what I put at the top. Sometimes it's hard for me to do that like when everything drops off then I should buy but I sell, and then when everything is buying then I also buy. The trend often tricks me so I hope that I can master it finally before the real bullrun commence.

[Pattart]

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

And that also happens to traders too, a lot of speculation and predictions are in this forum, and stupidly many people who believe that
prediction, even though that is not necessarily true right. so that what happens is the trader follows that and get loses

[Viscore]

I don't have much to say if we talk about daily trading But if we're talking about long-term trade, the biggest mistake we make is that we attach importance to the other people's false market ideas.

And that also happens to traders too, a lot of speculation and predictions are in this forum, and stupidly many people who believe that
prediction, even though that is not necessarily true right. so that what happens is the trader follows that and get loses

Predictions are different, you don't have to follow them blindly.
Make your own analysis and prediction, prediction alone without a good basis should not be something to follow.
If we are a smart investors and traders, we should not decide automatically, we should give time to analyze it.

[jhonjhon]

4. Try to resist the trend.

Thanks for this. I agrer with all your tips most especially with that no. 4 tip. I will surely remember to resist the trend. Somehow, this is my mistakes. Whenever everyone is on that way, I follow the trend which also makes me lose everything. Seems like it is just a trap and everybody falls for it and i had to escape right away. At least, I have learned something from your tips, mate.

A smart trader would think that way, you learn from your experience, especially your mistakes.
Newbie are most likely to get FOMO or victims of FUD, that's how the market works while they dump, smart people will buy, just be on the right side.

I've been a victim of FUD's before but it never have in my mind to quit from here. It is better to have some experience like that, in fact I've learning by then. This important to understand how crypto works, we can be easily affected with the FUD or any bad news if we don't have trust with. That is why we should have to analyze everything and so we can minimize our mistakes. 

[Naida_BR]

What puzzles me and end me up losing my funds is that I cannot identify if a coin is overhyped or not.
Most of the times I believe that some positive news that have been published has pushed the price upwards and that this can be stabilized somewhere higher than the price that I bought.

But the problem is that many coins have fake volumes and people just pump and dump for their own profits.

[Bl4nk]

What puzzles me and end me up losing my funds is that I cannot identify if a coin is overhyped or not.
Most of the times I believe that some positive news that have been published has pushed the price upwards and that this can be stabilized somewhere higher than the price that I bought.

But the problem is that many coins have fake volumes and people just pump and dump for their own profits.

have you got a way? if a lot of coins have fake volumes like you say. I really want to know if there are still many coins whose volume is fake, and this is also of interest to me so that later I will be very careful if the coins I get aren't fake volume.