What are common mistakes and problems of the traders?

[2@abcdeeply]

that is in a hurry, if you hurry you will never win in the market now, i think the market will recover, so do not worry rejoice to hold them.

[1714672203]

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[1714672203]

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[1714672203]

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[ainaya1994]

most trader's mistake is never read the situation and news, because for news traders is a must, because by knowing the news then traders can predict what will be done to do trade ...

[katri]

the most common problem of the trader is fear to lose capital. Many traders if seen market going bad they sell their coin to cut the lose not knowing that they actually contributing to the downturn of the price. They have lack of patience to hold their coin until such time market turns to green.

[MMnoob]

the problem that often makes the pedaggang fail is the emotion, if you want to succeed in trading you must be patient.

[Webberson]

Trading requires risk and the risk here, need to be a calculated one. Having a calculated risk, means having a working strategy that can earn you profit. Mistakes traders make, could be as follows: not having a working strategy; trading with emotions; not applying risk management in trades; greed, and so on - as it varies by individuals.

[Fayefot]

The most common problem of a trader is on how he would handle a slowly getting low price of his token. Is he going to be a panic seller or keep hodling. The problem. Is how he would handle the risk. Thats one of my problem im a panic seller and twice i end up crying because the moment i dumped my token a days later it moon 10x the price i dumped it. So. That is also a lesson learned.

[alexnambawan]

Hello traders!


I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders?  And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes? 


Can you share your thoughts and experiences about tradings.



Thank you in advance.

At first you need to have someone who's willing to help you, to give you some advice and teach you how to do it. Second, always say to yourself that you need to be smart and be rational. Third, learn from what your mentor or that someone who helped you and try to apply it and observe the things that are very common such as patterns or process. Lastly, do not let your emotions conquer you when trading because it might not help you a lot to think smarter. I hope these help you, even just a little. 

Let's never stop learning! 

[Pamadar]

Trading requires risk and the risk here, need to be a calculated one. Having a calculated risk, means having a working strategy that can earn you profit. Mistakes traders make, could be as follows: not having a working strategy; trading with emotions; not applying risk management in trades; greed, and so on - as it varies by individuals.

Trading with emotions will create big mistakes, you can easily move by any certain events that can lead you to panic selling, without relevant knowledge that emotions can ruin everything inside your trading business, a common mistake that really take time before you can learn how to take care of it, common thing as a traders always telling yourself that you can control and take the risk but each time you dropped by in front of your device and see that some fluctuations happen you are always curious and act not according to your plan.

[GDragon]

For me, the common mistakes and problems of the traders is taking emotion seriously. As I experience and also base on my observations, being attacked of our emotion can lead a dramatically losses. It is like doing a problem more worse so I believe it is. Goodluck to us mate and I hope we will achieve what we want.

[CryptoGuro1]

The biggest is that not believing fundamental analyses is needed alongside and technical analyses. It is my view that the speculative nature of crypto cannot be forecast with TA alone, the cycles are too quick and too responsive of fundamental factors

[Elmer1]

the most common problem of the trader is fear to lose capital. Many traders if seen market going bad they sell their coin to cut the lose not knowing that they actually contributing to the downturn of the price. They have lack of patience to hold their coin until such time market turns to green.

Common problem, then this would be the thing based on experience:

• Short Patience
• Lack of Analysis and going or making decisions without any basis
• Emotion
• Easily believing on fuds and shills

[keanne_isaac]

Base on my experience when i was still a newbie in trading i got easily persuade to buy  altcoins which are purely speculative and hype coins which turn out to be a big loss when suddenly dump. FOMO is common also when coins are starting to surge or in the middle of its uptrend many newbie  are buying hoping not to miss the ride but sometimes got stuck because of sudden quick huge fall.

[tanjilrifat]

As I experience and also base on my observations, being attacked of our emotion can lead a dramatically losses. Many traders if seen market going bad they sell their coin to cut the lose not knowing that they actually contributing to the downturn of the price.

[Shmellon]

Hey guys, I wrote an article on some common mistakes newbies typically made, I've pasted some parts of it below, hope this helps you!

--------------------
3 Common Mistakes to Avoid when Trading in a Bear Market

Trading or investing in cryptocurrency is a psychological war against yourself. Stock traders often say that investing in traditional markets requires extreme mental discipline. That discipline is how they control themselves when the market is volatile. How they stop from making stupid decisions, and keep on track with their strategy.

If traditional trading requires extreme discipline, crypto requires the mental fortitude of Jedi. The crypto market is more volatile than any market the world has ever seen. You need to be the emotional equal to Yoda meditating on top of a mountain during a meteor shower.

Yes the world might be ending, but it’s all good, you’re hanging out on your mountain top.


Your fortress of solitude.

I’ve been in this space for a few years now. I started off as a investor but fell deeper down the rabbit hole. I work with an accelerator helping token sales, and recently joined the team of a project I fell in love with. I like to think this gives me a comprehensive understanding of fundamentals at play.

What this understanding of the players involved in this market has given me is..

Well, the knowledge that this market is almost completely sentiment driven. Which means it doesn’t always make sense. Crypto has more retail investors than any other market. You can see this if you look at the Bitcoin price chart next to a chart of Google search trends for the word “Bitcoin”. The charts are pretty similar, it would seem, The more people that google Bitcoin, the higher the price goes. The Search Volume graph seems more smooth because less data points were used to plot the graph.

The search volume actually starts to pick up just before the price goes up.

When a market is sentiment driven, price movement is driven by emotion. To come out on top in a market driven by emotion, you have to remove emotion from your trading.

The reason I’m telling you all this is so you understand that it’s not always about what you do, but what you don’t do. It’s what you refrain from, when exhibiting that mental fortitude we talked about. When the price of Bitcoin goes down, and you watch all of your cryptocurrency holdings lose their value, it’s hard to remain calm. When the market gets bloody, you might even be wondering if Bitcoin will ever go back up again. I don’t have a crystal ball, but can say with a decent amount of confidence that it will return to its former glory.

Don’t try to catch the exact bottom.

If you’re lucky enough to have some of your investment capital in fiat or BTC when the market takes a tumble, it can be a good time to construct your portfolio. I like to think of market corrections as “Crypto Flash Sales”. I almost always keep some fiat or BTC tucked away in case of a large dip in the market — but my obsession with catching the bottom of a downtrend has made me lose out on some big wins.

When you’re staring at a coins chart, watching it plummet in price, wondering when it will stop. You’re trying to catch the bottom. “Catching the bottom” means you’re attempting to enter into a trade at a bottom of a downtrend. It’s extremely difficult to catch the exact bottom on a trade. So difficult that it’s often called, “catching a falling knife”.

If you’re constantly trying to catch the exact bottom, chances are you’re going to miss out on trades. I can’t tell you how many times I’ve waited, and waited, only to have a trend reverse before I got in. I’ve missed out on far more than I’ve gained by trying to be a perfectionist with my trade entries. Sometimes, if you’re planning on entering a trade, it’s better to just get in near the bottom rather than wait.

If you’re a technical analysis wizard, the likes of Gandalf the White or my friends at Cosmic Trading: you might be better equipped to catch bottoms. This isn’t directed at you. This is for everyone else, the retail investors that make up the majority of this market. You’re not the Wolf of Wall Street, and you’ll bank more coin if you stop thinking you are.

Don’t sell your coins for ones that are going up (FOMO Trading)
Everyone’s done it. You don’t have to be ashamed. It’s only human. We’ve all sold the bottom of a downtrend only to see it immediately reverse and shoot upwards.

It seems like everytime I abandon ship on a coin to FOMO into another one, the coin I sell goes up. FOMO stands for Fear of Missing Out, it’s a common fear that causes a lot of bad decisions in trading.

Let me paint you a picture.

You buy $XYZ at $0.25 cents, you’ve done your due diligence, studied the charts for a while, and you’re ready. You didn’t even try to catch the bottom, you know this is a long term hold so you’re fine with your entry. You’re cool as a cucumber.

Two weeks pass, $XYZ is still at $0.25 cents. You’re starting to question your beliefs, sense of logic, even your reality. You start getting into arguments with old people at Denny’s about what “money” means. The longer your bag sits firmly on the ground and not the “moon” , the more bitter you become.

Two more weeks pass. $XYZ is at $0.20 cents. You’re friend John who just got into crypto last week told you about some sh*tcoin called $ABC. You laugh at him for even considering any coin besides $XYZ. Then, a mere 6 hours after John buys $ABC it skyrockets. It goes up 70%, John thinks he’s the king of crypto. He offers you advice, knowing that your coin is still in the gutter.

It’s at this fateful moment that you lose sight of what is most important.

Your strategy.

“Screw it!”, you exclaim.

“This market doesn’t make sense if it rewards idiots like John”, you think.

After all, he’s only been trading for 12 hours and he’s up 80%, what kind of sick joke is this. He already got that promotion over you, and now he’s getting all the good trades?!

The next day John’s stupid $ABC coin goes up 150%. You stare out your window, not at the beautiful LA skyline, but at the street below. Wondering if jumping out the window would hurt less than watching John tell everyone in the office what “Hodl” means as he waves around his hardware wallet. You get home, open up your exchange, and say goodbye to $XYZ. You sell all your holdings, at a loss, and move your capital into $ABC.

The next day, $XYZ goes up 800%. John calls you, excited, “Congrats! I saw $XYZ mooned today, oh man I wish I got out of $ABC while I was ahead, It’s down now, practically the same as when I got in. I should have listened to you and bought $XYZ”.

Don’t be that person. I’ve been that person, it sucks.

Don't stare at charts all day

Believe it or not, you can’t force a chart to go up or down with Jedi Mind Tricks.
Trust me, I’ve tried. When I first started trading I used to spend countless hours “charting”. Looking back, if I’m being honest with myself, a lot of those hours were wasted. Sure, I spent a lot of time actually studying and applying what I learned to my trading, but I also spent a lot of time aimlessly staring at a computer screen for hours on end.

I learned that the majority of my mistakes where made in moments like those. When I wasn’t being productive, I was needlessly monitoring my holdings like a hawk. It made me more emotional, and it made me overtrade. Two things I now know to avoid at all cost.

Sometimes the best thing you can do, is set a limit-order, and walk away. Trust your strategy, and always remember — if you’re not trading with a strategy, you’re gambling.

[ckorbba]

As I experience and also base on my observations, being attacked of our emotion can lead a dramatically losses. Many traders if seen market going bad they sell their coin to cut the lose not knowing that they actually contributing to the downturn of the price.

Such actions of traders not only help to reduce prices, but also practical Lead to their bankruptcy. The fact that the crypto currency at the fall can not be sold at all, especially if everyone is sure that the market should soon recover.

[webdevmastery]

Hello traders!


I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders?  And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes? 


Can you share your thoughts and experiences about tradings.



Thank you in advance.

The problems in trading is the volatility of the market because most of the people tend to sell their coins at the lowest price when the market prices are dropping due to pressure.

[Oasisman]

Hello traders!


I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders?  And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes? 


Can you share your thoughts and experiences about tradings.



Thank you in advance.

The problems in trading is the volatility of the market because most of the people tend to sell their coins at the lowest price when the market prices are dropping due to pressure.

Nah, you didnt get what the OP was asking. Volatility is the true nature of cryptocurrency, everybody knows that, and its does not even considered as the "main" problem, it is even considered as normal in daily trading. Infact, volatility is the reason why trading is profitable.
I dont consider myself as an experienced trader, Im still in the process of learning, but one of the common mistakes of a trader is not acquiring enough patience before he engaged into trading.

[SmokerFace]

As an average trader and based on my own experiences the common mistakes and problems of the traders are:
1. Greediness - Most of the average traders are greedy they want to make a perfect trade and this is not good for making a good profit, If they see an trend of a altcoin they would enter in it and waiting for a very highest stage of pump that they wouldn't know when it happens so while they're waiting for it they would hold their coins or buy more because they expect that it will pump more and this method is high risk what if the coins will dump so fast? They would lose their capital not only profit.
2. Fear - This is connected to Greediness too, Fear can make you to lose capital too so if you're greedy and your coins value will dump so fast you would fear and results to panic sell so you lose some of your capital.
3. Patience - Panic selling results to lack of patience and traders want to make easy money or short trades that's so risky way of trading.

[mornabo]

As an average trader and based on my own experiences the common mistakes and problems of the traders are:
1. Greediness - Most of the average traders are greedy they want to make a perfect trade and this is not good for making a good profit, If they see an trend of a altcoin they would enter in it and waiting for a very highest stage of pump that they wouldn't know when it happens so while they're waiting for it they would hold their coins or buy more because they expect that it will pump more and this method is high risk what if the coins will dump so fast? They would lose their capital not only profit.
2. Fear - This is connected to Greediness too, Fear can make you to lose capital too so if you're greedy and your coins value will dump so fast you would fear and results to panic sell so you lose some of your capital.
3. Patience - Panic selling results to lack of patience and traders want to make easy money or short trades that's so risky way of trading.

Yeah these three things really become a troubling specter for many traders, for now fear and patience become the main problem, especially when the price declines, many traders who fear the price is going down and harming them, let alone they do not be patient, of course everything will end with cutlose and they get lose

[KenChanYu]

As an average trader and based on my own experiences the common mistakes and problems of the traders are:
1. Greediness - Most of the average traders are greedy they want to make a perfect trade and this is not good for making a good profit, If they see an trend of a altcoin they would enter in it and waiting for a very highest stage of pump that they wouldn't know when it happens so while they're waiting for it they would hold their coins or buy more because they expect that it will pump more and this method is high risk what if the coins will dump so fast? They would lose their capital not only profit.
2. Fear - This is connected to Greediness too, Fear can make you to lose capital too so if you're greedy and your coins value will dump so fast you would fear and results to panic sell so you lose some of your capital.
3. Patience - Panic selling results to lack of patience and traders want to make easy money or short trades that's so risky way of trading.

Exactly! We seem to rush things and forget the essence of hardwork, commitment, and positivity. We tend to believe what we hear around instead of discovering it by ourselves. We are too focus on the reward, not realizing how important it is to have passion in what we do. It is very vital to always remember that we need to be informed , keep calm, and at the same time to welcome failures for productivity, and personal and professional growth.