What are common mistakes and problems of the traders?

[humanCNC]

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 biggest mistake of traders is overheating in their decisions, and some of them may be too confident in the crypto they are investing in to make up for the loss.

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[Finestream]

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.

Agreed.In my own experience,emotion is what makes me fail mostly in trading.Especially when i am badly needed for money and btc price starts to drop low,i somehow panic too.But as time goes by,i learned to control my emotions and develop patience so as not to get loss in the end.I know it happens mostly to all the traders out there.

[mega]

Practice makes man perfect,So sometime we read but dont implement practically should try practically.Avoid past mistakes but must learn from past mistakes and never take decision in panic either buying or selling.

[rodskee]

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.

to avoid mistake in trading you need to start learning and get skills and knowledge researching is the way to got skills and knowledge to become great traders, but of course as abegenner can't avoid mistake mistake is the best lesson become successful in life, and also learn yourself how to control an emotion.

[qwertyup23]

Fear . I think this is the problem most traders encounter. And my self is like that, the time when I first invested I lost a lot because of this. And now I have improved it.

what kind of fear do you mean?
because maybe someday I will enter the trade also later, therefore I also need to learn.

Someone can correct me but I think it is the fear of trading itself. Since we all know that trading involves around risk, you inevitably trade most of your resources and hope that its price may increase today. I believe, that is the fear thay every trader must conquer in order to maximize profits.

In my opinion, most traders do not consider and observe the market whenever they do the process. They subconsciously trade resources without having to consider a lot of factors to minimize risks. Lastly, most traders invest everything without having a contigency plan if their investment lost. This tends to leave them lost and bankrupt.

[RoftheN]

The most common mistakes is made by new users who don't have any knowledge of how trading works and especially how crypto markets work. The first rule of crypto markets is to only invest what you can afford to lose and most of the traders end up going all in and than later get stuck with their investment in a bad trade. Also weak hands are going to get burned fast in crypto markets.

[cheeseandcrackers]

Biggest mistakes are probably being too greedy overall.  People will make a trade, see the price go up 20%, then decide to stay in even though it's clearly dropping.  The 20% gain on your investment is good enough, but the majority of new traders will see that and not be satisfied.  20% on a trade is huge, if you kept that margin up you could become a millionaire over a long enough time period.  Fear and greed, never be afraid to take profit out just because you think the price might go up more.  It's foolish as hell.

Additionally people get emotional about their trades, you really gotta just check your emotions at the door when you start trading.  Remain logical and you will win every single time.

[Nguyen Le Thuong]

Hi friend, I am also the amateur. I lost much money on trading. But now, I just buy when I know in there are the event or long vacation in some big countries such as: Japan, Korea, USA. In this time, The price of Bitcoin and altcoins always increase

[otundebis]

The common mistake that is been made by traders is the problem of been patient. Patiently waiting for good exit and entry could be a painful and tormenting.  Ability to stay calm is golden.

[Virtual miner]

The common mistakes of a trader are:
1. A common beginners’ mistake is to look at the coin’s price rather than the market cap. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2. Traders don’t diversify their investments.
3. Many traders cannot spend much time in this market.  Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process.
4. Some don’t have control on their emotions.
5. An additional common mistake is searching for crashed coins, in accordance to their value against the Bitcoin, hoping they will return to their glory prices. What goes down does not necessarily goes up again.

[legenduim]

Fear . I think this is the problem most traders encounter. And my self is like that, the time when I first invested I lost a lot because of this. And now I have improved it.

Sure, trading is not for everybody. If you have some fear, you'd better do the other business. Another mistake is naturally impatience. Greed is also an enemy.

[GawirZZ]

usually a problem for traders is a lack of patience, always when you get a 10% profit directly sold while you can earn a profit tomorrow 20%

[Tigorss]

most of them do not use the strategies and targets to be achieved so that when they trade they get a lot of trouble and finally their level is not naek and despair.

[LSt56]

I think there are some things that make traders make mistakes in trading, the first is a sense of uncontrollable panic and it happens when traders see the market down and panic will come so that traders usually sell at cheap prices and lead to losses.

[a2offrb]

Common mistakes and problems hindering Traders success are enormous that anyone or any Trader can on the spots account. But better still, aside panic sales which needs patience for FOU: Fear of unknown, ill experience that must be checkmated, improper or poor research, poor understanding of coin involved, imitation of someone else idea, lack of business discipline which must be in piety, putting all eggs in a basket instead of diversifying into pool of coins and emotion control among many others that had initially been enumerated by prior posters,  I in addendum feels Quick decision should spontaneously be avoided or averted and equally,self starting with meager amounts can be implored even if lots of funds is available in other to have the personal study of ones particular opportunities or threats to be watched.
Above all, the mindset of risk should be worn in any case your decision backfires. Good luck.

[Marcsymon]

The common mistake that is been made by traders is the problem of been patient. Patiently waiting for good exit and entry could be a painful and tormenting.  Ability to stay calm is golden.

In addition most of the traders are not contented even if they really get profit for 20-30% still not decided to trade. When the opportunity lost that the price going down traders are get disappointed and have fear doing trading due to painful feeling of big losses with missed out of good opportunity that lost.

[zhekinsp]

Buying high and selling low is the most common mistake made by unsuccessful traders due to the temporary price fall in the crypto field.Most of them are doing crypto trading without the proper technical knowledge about it they just doing it like gambling but the one who want to be a successful trader in long term the knowledge and experience is important.

[Svelto]

I find the common mistakes made by traders are:

1) Not researching enough before investing.

2) Unable to control emotions and invest due to FOMO.

[Sinecoin]

I think the most common mistakes that traders/investors make are always derived from either too much greed or being too scared of losing money.  Many people will lose money and have lost money because they keep thinking the price will keep going up when it reality it's going to crash after a certain point.  The same thing applies for people who are too scared but instead they end up selling out of fear that it will never go back up again.

[muddy waters]

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

Allocation of all funds to one asset
Always divide your investment portfolio among different cryptocurrencies.

Panic and buying at peak
Do not give in to emotions, be patient and judicious. Do not sell coins at the next bounce of rate.

Ignoring the news
Both positive and negative news are important. Analyze the information received and try to foresee how asset owners or potential investors behave.

High expectations
People quickly become frustrated having heard about the incredible profits and started trading on stock exchanges. In order to achieve success at cryptocurrency market time and insistency are required.

Negligent attitude to safety
Always use two-factor authentication! It is very important to use a secure computer and to encrypt your data.

Storing profits on the exchange
The exchange is not the place which you can trust the storage of your funds. When trading in large sums divide the funds between different trading platforms.

Good luck!