What are common mistakes and problems of the traders?

[KrishaBitcoin]

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.

     There are lot of mistakes that should be avoid by most of the traders like:

1. Not choosing the best investments.
2. Not reviewing well and not researching well about the projects information and details.
3. Not constantly monitoring the market in which the latest update is very much needed for every decision to make
4. Not having an enough patience in which in the end of the trading will result of early to give up.

   If you will follow these suggestions then for sure you will avoid huge loses of your investments and high chance to be successful in trading.

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[Taner]

I think the main mistake of the most traders is that they buy when the market falls and sell when the market grows. It is necessary to buy when the market begins to grow and sell, if there is a downward trend. So say the professionals.

[1Referee]

I think the main mistake of the most traders is that they buy when the market falls and sell when the market grows. It is necessary to buy when the market begins to grow and sell, if there is a downward trend. So say the professionals.

Paying attention to wrong information/advice, that's the main mistake. Not sure what 'professionals' you are talking about, but they are utter noobs. If you keep believing in that, then you will surely keep making the same rookie mistakes.

Everyone with a working brain buys when the market is on its way down, and starts liquidating holdings once the market has gone up. Noobs need an increase in price to gain the confidence they need in order to start buying, and when they do, it's more often than not near peak levels. Seriously, if you keep sticking to that broken logic, you'll always keep wondering why the price goes down when you buy, and why the price goes up when you sell; get rid of that noob logic, especially if you want to make money instead of losing it.

Common market logic, where is it?

[Bagaji]

Trading crypto currency is of the best way of maken money in the crypto currency market couple with investing in ICO and rendering crypto related services. Although as a beginner you will need to have a good knowledge of fundamental and technical analysis of the market as that is the way for you to be a successful trader in the crypto currency market.

[Leonard2016]

I want to give you a top secret point , One of the most common mistakes is stop loss width , never put your stop loss too narrow , Most of the times it comes with loss when you put it too small , you're welcome!

[audaciousbeing]

I think this is the most common mistakes I have encountered:

• Investing in unknown cryptocurrencies: Just because Bitcoin has achieved success does not mean that all currencies will achieve the same success, much invested in unknown currencies for this purpose.
• Do not multiply currencies: Some people think if they have all the cryptocurrencies they will make gains, so you find them investing in more than 20 cryptocurrencies.
• Investment without a plan: You will often lose if you do not have a clear idea of what to do

The most important advice is to have a safe wallet and some technical expertise to keep your cryptocurrencies safe.

I cannot agree with you less on this position especially the first mistake which is about investing in unknown coin. Every noon trader believes by default that all coins have the potential to be like bitcoin and the time they are buying, they are actually doing it to cash out big and some exchange sites don't even help matter with the statistics they display. You see statistics such as the most traded coins, the most pumped, the most dumped, highest volume, promoted coins etc all in the last 24hrs.

However, its not possible for coins to be like bitcoin. I have fallen victim of those statistics before and I learnt the hard way that those green or red coins are really not the forces of the market but consistent manipulations of the outcome by those who knows the rule of the game.

[Joriecoinbit]

I think this is the most common mistakes I have encountered:

• Investing in unknown cryptocurrencies: Just because Bitcoin has achieved success does not mean that all currencies will achieve the same success, much invested in unknown currencies for this purpose.
• Do not multiply currencies: Some people think if they have all the cryptocurrencies they will make gains, so you find them investing in more than 20 cryptocurrencies.
• Investment without a plan: You will often lose if you do not have a clear idea of what to do

The most important advice is to have a safe wallet and some technical expertise to keep your cryptocurrencies safe.

I cannot agree with you less on this position especially the first mistake which is about investing in unknown coin. Every noon trader believes by default that all coins have the potential to be like bitcoin and the time they are buying, they are actually doing it to cash out big and some exchange sites don't even help matter with the statistics they display. You see statistics such as the most traded coins, the most pumped, the most dumped, highest volume, promoted coins etc all in the last 24hrs.

However, its not possible for coins to be like bitcoin. I have fallen victim of those statistics before and I learnt the hard way that those green or red coins are really not the forces of the market but consistent manipulations of the outcome by those who knows the rule of the game.

All currencies has a potential to gain much profit as long as we're able to determine the market prices and having a good strategies. Yes, they are unknown but in my analysis the prices of all currencies is unpredictable ,we buy a cheaper coin because our earnings is not enough for buying a top listed coin.

[klasik1980]

Trading mistakes are common and inevitable. As they say, a large part of “experience” is a result of learning from our mistakes. To be a successful and sustainable trader, it is not just important to analyse your performance, but also your feelings and behaviour patterns.

[Qastessa]

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.

We all know this thing that trading is not that much easy thing to do most of the people think of it to be and that the most common mistake which they make because of this misconception is that they jump into trading without even knowing anything about any of the crypto coin or anything related to that of trading. Other than this, loss of control over their emotions is also a main reason which result in loss of money for them.

[Ahiaba]

The common mistake that traders do have are panic sell, not been able to control emotions, reacting to fake news easily which makes one end up selling at lost, not follow the one money management policy.

[ymirymir]

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.

I think the commin mistake commited by traders is being afraid to take risks. All investments are risky and we all know that we can't gain anything if we are afraid and fearful to take risk. Traders are afraid to release something just to gain better. We must be brave enough to coonquer that fear.

[7788bitcoin]

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? 

The major problem every new user encounter is scams, do no look for doubling sites and shady sites to purchase your coins, always use exchanges, there are some exchanges that facilitate pump and dump coins and it will attract you by showing fake volumes and movements, make sure you identify those traps, understand the market flow and trade accordingly. Never plan to ride a rally when it has gone up considerably high, because you might get stuck for a while when the market crashes, always plan to invest when the market goes down and not the other way around.

[Lhanofclover]

I think common problem of traders are lack of strategies, they are not a take risker and they are fear to loose there money.
In trading you need to monitor the movement of market flow.
You need also to check carefully the site to avoid the scammer.

[drachman]

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.

One of the most common mistakes among traders is to be too greedy, they made a good trade and instead of taking their profits and look for another trade, they think that the market is going to keep going up indefinitely and that is simply impossible, then when the price begins to go down they refuse to sell thinking that the price is going to go up once again, and even in some cases they lose money with a trade that should have gave to them good profits, so the lesson here is to grab your profits whenever you have the opportunity to do so.

[Memminger]

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.

I think the most common encountered problem is fear. Besides scam, I genuinely think it's fear. For newbies, not only here in forum but in trading, their common problem is fear. Fear of losing token/coin and fear of not getting something in return.

[Alstad]

Errors of traders expect for the most part in psychology. The fact that he is not morally ready. He is subject to fear, greed and indecisiveness.

The rest is easier to learn

[STT]

I can enumerate some of the mistakes of problems that I myself have experienced since I am an trader but not pro  

1. Lack of patience
2. Emotion first before strategy
3. FOMO or Fear of Missing Out

Yep I can agree on all those, basically it comes to one thing where the market is controlling you not vice versa where you are using the market to take part in a trade on your own terms.   Somehow even with this knowledge its hard to stick to your own defined terms of engagement.   It really is better to just wait for your own opportunity then try and chase or enter in a bad way you are not actually comfortable with.

I would add over exposure, as a new trader try to learn with lower amounts.  The gain being experience mostly, dont be driven just by the difference gained in your favour also the gain is increasing confidence and knowledge.    All markets repeat themselves in various ways so its good to build up personal involvement not be overly committed immediately.

[liivii]

The number one problem of a trader here in crypto world is the lack of knowledge when it comes to trading and how the coins move in the market. Another one is lack of patience if they see the coins they bought are decreasing it's value they are begginging to panic which lead for them to sell their coins even if the lose from what their buying rate. Also lot of traders are too greedy when it comes to money and all they want is to earn instead they graudally losing their capital without them knowing because all their mentallity is money. So it you want to become a good trader you must erase all that qualities above in order to succeed.

[minthit]

The worst mistake you can do with trading is that not learning from previous mistakes.

[zedicus]

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.

I think the most common thing that let newbie traders to lose is not having a good knowledge specifically in moving market.  In addition, is the negative news that is big enough to make the market down. In this times the traders were so emotional and embarrassed on what happened to their investments tge more they hold for that day they keep on thinking to sell because they don't know what is truly going on.