What are common mistakes and problems of the traders?

[cheezcarls]

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.

It’s a very good question that you have asked this to the community. My answer would be based on my own opinion, so I am not good when it comes to altcoin trading. One of the common mistakes that the traders have is that they are “emotionally drowned” if the market crashes down. They do not see it as an opportunity, but rather a “regret”. They have to change their perspective by simply calling the bearish run as a buying opportunity to increase their portfolio and wait till the bull run season begins.

Just my two satoshis.

[1714659974]

1714659974

[adaseb]

Basically the mistakes that people make now are exactly the types of mistakes I've made when I started trading.

So when you are new to trading you have no idea what to do. You just want to buy something, anything, and hope you make money.

But since you have no idea what candlesticks are, what technical analysis is you go and follow other people.

In my day it was Yahoo forums and it's basically the blind leading the blind.

Nobody knew what they were doing but the posted fake positions anyways and others would follow. It lead to stop losses and margin calls.

And I see the same thing being done today on the Bitmex Trollbox. People basically getting over leveraged following other people who are more or less guessing.

[Elai101]

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.

It’s a very good question that you have asked this to the community. My answer would be based on my own opinion, so I am not good when it comes to altcoin trading. One of the common mistakes that the traders have is that they are “emotionally drowned” if the market crashes down. They do not see it as an opportunity, but rather a “regret”. They have to change their perspective by simply calling the bearish run as a buying opportunity to increase their portfolio and wait till the bull run season begins.

Just my two satoshis.

Yes, certainly I agree with that and this will be possibly happen for those new on the field of trading, they are afraid to see the downfall of the coin they are holding for not to pump again so they will sell in a lower price, and lastly the lack of time for market monitoring will give such trading mistakes.

[riaruhs09]

for me the traders' mistakes are relatively the same, that is, they have difficulty in controlling their emotions and even always experience panic. it makes them easy to give up especially when they lose.

[nara1892]

Common traders' mistakes are:
- Buy a coin without reading announcement of thread, charts, news etc.
-all in
-panic buy / sell
-fomo
- easily instigated by people who shout 'buy now or cry later' then finally get stuck and can not rise again.

[befriendmywater]

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.

In my view, the most common mistakes of these traders are always towards the crowd. It is a very misleading thinking for traders nowadays when they look at speculation / investing like gambling.
The worse thing is they never analyze the altcoin or ICO project they are about to invest. They just ask the experts to make a decision without review. That makes them forever poor and never rich.

[bitbunnny]

The main mistake is that they want too much money in too short periodo of time so they often lack the patience and could be mislead by wrong or incomplete information. Success in trading comes with time and experience and many traders just think how to get rich over night and not how to improve their skills. That often costs them money.

[maminelly]

I think market knowledge is the most important thing for trading,knowledge would help in this issue until you have a direct contact or involvement with trading. From my experience, I can say that a right time decision is the most vital point for this issue. and traders always have to be careful regarding this matter.....

[ARAGETS]

In my own experience, most mistake is emotional. It's hard to control my emotion in trading. Not patient, and finally i loss my money. But, now. i'm better good than first. I got more exprience and so many knowledge about trading, so now, i can control my emotion.

[ttking]

I think the most common mistakes are made by traders who don't know when to stop and continue trading when the price isn't good. I think that a trader should make only reasonable well-researched decisions

[akristofor]

There are 3 main problems:
1) Newbies think that they know enough to start earn money. A lot of them do not even read Forex or Baby Forex.
2) Fear. If you have not enough knowledge it will be not a trading it will be a gambling. And in this case you will be afraid of loosing your money so strong, that you will make a lot of hamsters mistakes.
3) People give up after a big loss. Only an experienced trader know that losses are near by with winning. And if you are good in trading, it doesn't guarantee, that you will be 100% successful.

Don't worry to start!

[Rollkal]

Perhaps it is impatience when the market drops. Everyone is afraid to lose a lot of capital, so the hole is low. This action will cause the market to fall deeper. So learn patience no matter what the market is going on. And let's set a goal in business. Take profit at the price, so you will be more successful.

[dillpicklechips]

I think the common mistakes or problems of the traders are first are having no experience or knowledge abiut in trading we all know we should have enough knowledge and experience to do trading because it really complicated and too risky we should aware of what we are doing. Second, is patience we should not always rush things take it slowly and lastly uncontrolled emotions we should not always use our emotions add some intelligence if you are doing rigjt or if you're decision will make things right or make it worst.

[yanto@1977]

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.

As I know, not accept the result is problem. Some trader not follow their own rules about stop loss, take profit, hold to get more profit or to recovery their asset. What I mean is they don't have faith and believe with their own skill. Other issue is mostly about exchange rules and delay,no big deal. Try enter the market and learn it with your own faith and knowledge is the best way to manage problem and mistakes.

[Whosdaddy]

I was reading an article by Timothy Sykes where he was explaining reasons why he thinks his trading students fails a lot to achieve something from trading. He mentioned that not cutting losses quickly is one of the major problems newbies do have and that is true. Most of these newer traders are used to holding and hoping that the price will go up and yet they keep on losing.

It’s better to cut your loss and wait patiently and see what happens next. So try to cut your loss immediately than wait while you keep on losing. He said a lot of things, but no time to write about all that here.

[STT]

^^  I have read that and its very true, most of us will be coming from an investment stand point but in trading its best to enter and exit in a far more rapid way then normal market involvement.
A good tip that keys into that is to actually alot more time not being in trade but possibly planning or watching for ideal entry then you also plan the exit pricing.     Hence when I look at a graph now I try to state possible ceiling but also underlying support below current pricing.

Another further idea is to scale in but also out of a position so that your gain or loss is not absolute and you do not get caught with too much 'size' at a weak price.   Its probably a far more important idea for those traders successful enough to be trading in larger amounts that might get noticed on an order book.

[PHPSELLER]

Perhaps it is impatience when the market drops. Everyone is afraid to lose a lot of capital, so the hole is low. This action will cause the market to fall deeper. So learn patience no matter what the market is going on. And let's set a goal in business. Take profit at the price, so you will be more successful.

I liked your opinion about that. Impatience is the most dangerous mistake for traders. I think people who enroll in this field of trading should know how they use their brain smartly when they start to losing money. Panic selling is not worth at all in the most of the cases. Personally, as a trader, I never sell my token with loss, I always wait until the crypto will pump again and decide then to keep investing in it or to invest in other crypto. If you want to succeed in the trading world, you should learn how to control yourself in the worst situations and learn patience.

[Slow death]

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?

understand the chart, this is a big problem that you will find, you look at the chart and do not understand anything of what you are seeing, you do not know if the price will go up or fall, but you want to do a lot of trade, you want to understand every move that the price makes, you do not know where to learn, so it creates frustration, day trading is not for everyone, but everyone wants to do day trade and few are able to understand the chart.

And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?

 

fear of losing more and selling at a loss, with the passage of time you begin to understand the market and correct this problem

Can you share your thoughts and experiences about tradings.

well, I'm not an expert so I think it's wise not to share anything

[Portia12]

I think it is fear and patience there are traders who sell their coin and they want it to happen so fast that they would put it in the lowest bid in sell prder .
And they would feel bad if the coin’s value would increase after a couple of minutes o hours when their token has been sold.

[Wonder_woman]

Common mistake and of traders is watching the price fluctuation because when you watch the changes of value of the coin you invested, you could easily get moved and make you emotional which may lead you to decide the wrong decision specially when you watch the price of a certain coin constantly dumping, you could sell your crypto in no time, that might lead you to have loss. So if you are a trader, just relax, think positive, and set goals.