What are common mistakes and problems of the traders?

[Rizky Aditya]

Risk and emotions are crucial problems of traders. You need to trade and you understand at once what I mean.
I was a trader but I understood fast that it needed to change something in the better way and I have become an investor. Investors's life is more quiet and profitable on the long term.

I learned a new thing today about the traders that is their response to the crash in the market. It is the response to the crash that determines their pursuit for the money in the crypto market. It the trader gets impatient and emotional and does not control his nerves, this leads to pessimism which is a problem. The common fault is the decision of whether to hold or sell.

Long term traders are normally very sharp in this case and make the right move in the right time. Those who do not follow this rule commit mistakes that lead to chaos.

[poorgrammer]

getting too attached to your coin. the best traders cut their losses, and quick at that

[Kunlejoe0]

The most common mistake for trader are not the mistake you that happen to you outside of your plan and your chosen, the common mistake are the mistake that happen within. When you relyvon your emotion or become emotional in your trade, that is the greatest mistake you could make about trading!

[Rodeo02]

The most common mistake for trader are not the mistake you that happen to you outside of your plan and your chosen, the common mistake are the mistake that happen within. When you relyvon your emotion or become emotional in your trade, that is the greatest mistake you could make about trading!

by the moment that you can be able to be a panic person and for every moment that bitcoin may down for is you just make to b emotional and you decide some decision based on your emotion to be.

[inooll00]

what was the common problems that encountered of an ordinary traders?

Bad news, maybe this is the biggest enemy of traders because this is what often makes red paint with so much.

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

I do not think it's a mistake, but it's important lesson to look for other, better strategies.

The error here is what I mean when suffer a loss in trading, not a mistake because of loss of security..

[Hazaki]

I guess one of the most common problems that traders endure is getting emotional whenever they are having bad times or have made some mistakes or any kind of bad trades . Going all emotional won't do nothing but make things worse and they'll be watching their screens day and night trying to get that money back as if they were some gambler that lost all his money and is desperate to get it back by any means , and that's when they'll be doing more mistakes and taking more risks .. I have seen a lot of people fall for the emotions trap , and i you know you'll get emotional when things go wrong then trading is not for you  .

[denverangelo9]

The most common mistake for trader are not the mistake you that happen to you outside of your plan and your chosen, the common mistake are the mistake that happen within. When you relyvon your emotion or become emotional in your trade, that is the greatest mistake you could make about trading!

true in trading we need to withhold our emotional, patience, and not panic.
and I also learn to unite it, so as not to easily panic, and make it a habit to buy when the price below.

[PancherBitCoin]

The most common mistake for trader are not the mistake you that happen to you outside of your plan and your chosen, the common mistake are the mistake that happen within. When you relyvon your emotion or become emotional in your trade, that is the greatest mistake you could make about trading!

true in trading we need to withhold our emotional, patience, and not panic.
and I also learn to unite it, so as not to easily panic, and make it a habit to buy when the price below.

The fact is that every trader should know the products he faces. If you are trading a coin, you need to study what it is capable of and what its potential is in the future. And when the market goes down, then this chance should be used for good, not panic. It's not always possible to buy cheap coins .

[KalaiBTC]

In my own opinions there are three common mistakes or problems of the traders
1. Being impatience, a trader must have a long patience because trading is too serious we should take time to avoid unnecessary happenings because when you rush things you are making it more complicated.
2. Lack of knowledge, trading needs a deeper understanding and skills to avoid to be fooled by anyone.
3. Uncontrolled emotions.

Trading is not at all an easy thing to do and that is the only reason because of which so many traders are suffering this much loss and that most of the traders also plan to quit doing trading as well. Loss of control over the emotions and the panic selling along with lack of sufficient knowledge about the things are the few things which result in loss of the money and results in disappointment of the traders.

[yndye]

I guess one of the most common problems that traders endure is getting emotional whenever they are having bad times or have made some mistakes or any kind of bad trades . Going all emotional won't do nothing but make things worse and they'll be watching their screens day and night trying to get that money back as if they were some gambler that lost all his money and is desperate to get it back by any means , and that's when they'll be doing more mistakes and taking more risks .. I have seen a lot of people fall for the emotions trap , and i you know you'll get emotional when things go wrong then trading is not for you  .

One of the reasons why some people cannot withstand active trading and just decide to hold their coins until they are in profit is because of the uncontrollable emotion when trading. I believe that it happens to majority of traders when they are just starting because you concentrate more in having profits than following your plan so at the end of the day, you are either at a loss or sold too early. Unfortunately, some of those traders who weren't able to get back to their feet after having an emotional trading would just decide to leave the market totally. You can only learn to control your emotions when you often trade and a trading plan to follow for consistency.

[PX-Z]

Here's a thread that contains a different kinds of characteristics of a trader that can make someone ending in loss, https://bitcointalk.org/index.php?topic=2842850.0 you can check it out to be able to know what are this characteristics. Hope it helps with your trading journey.

[Ems30]

 Well,,making mistake is not totally bad,because its part of this process for you to learned,but when we say mistake, will repeat commonly it result to bad influence and unprofitable ways, due to maybe because your trade is  under your emotional aspect,like greedy motivation, and habits are formed,maybe if you eliminate the bad behavior strategy generally your trading path will  be the better,aside from that some problem of traders will not treating trading like a business.

[angrynerd88]

Mainly the trader make mistake they dont wait to get idle price either buying and selling.They invest all amount at one place mean in one coin which is risky,While investment in different coin will allow if one side you losing another side will recover the losses.So must avoid these little hacks but having worth in trading.

[summerbloom]

 Trading based on their emotions condition is a major reason why some person traders will  fail consistently, because some of them maybe used to believe for something,,and sometimes ,using from this word, hope,based on wishful thinking or feeling are common result to continue the trading path despite, the right direction of the market will not know the major flow in the market,aside from that , some of them are not fully understand the essence and different between the long term trading and the short term trading perspective.

[Arwinkim]

When I started trading my mistake was fear of price leaving me. So I entered the market when I saw it spiked then finally guess what? the market turned against me. We call it FOMO (fear of missing out) and most of us I believe experienced it too. It is a common mistake of beginners in trading anyway.

[Jorheen]

The common mistakes and problems of the traders are trading with emotions, lack of experience and stategies, panic buying, panic selling, afraid of trying other platforms, and afraid to be scammed.

[Anandhi]

The common mistakes and problems of the traders are trading with emotions, lack of experience and stategies, panic buying, panic selling, afraid of trying other platforms, and afraid to be scammed.

Panic selling when the price keep moving down is the common mistake that new traders often do. Stay cool with the plan will need patient and it for sure hard to achieve.

[Tungsten-1]

The most common mistake is trading with emotions and wishful thinking. Trading should be conducted by a plan based on evidence. That evidence can be from TA, news, etc. Sticking to the plan, rather than emotions should is the best strategy to trading in general.

In other words, trade reasonably and not emotionally. Taking profits also never hurts and you only lose when you decide to sell.

“Risk comes from not knowing what you are doing.” "The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett

I always say that trading is not for those who are emotionally unstable. You need guts and great control over nerves in order to act wisely under stressful conditions than making emotional wrong and foolish decisions. Sometimes you really feel that your boat is about to sink but one last paddle saves it. For this last paddle, you need to have courage and good control over mind and heart. Staying calm solves half problem.

[Xising]

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 mistake is "Panic Selling". I say that because I have read and seen many threads regarding people who did not actually brave it out to see through their investments. I mean, in this market, it has been a common knowledge amongst its members that most investments are classified as long term investments because this market is just so prone to stagnation before one coin would actually recuperate and surge in value.

[electron-coin]

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.

I think he meant the fear of making a mistake in his assumptions. If you just look at the street and think about where the price will rise or fall, then this fear is unfamiliar to you. But when you invest your money and trade them, FEAR appears! You assume that the price will rise and buy a coin, at this moment you are afraid. You think that it will continue to grow. And if at that moment the price starts to decline, then fear will completely win.
The main thing in this is that fear can be controlled. You need to learn more about trading, constantly trading (in the beginning for small amounts that are not so terrible to lose), and this will help you overcome fear. Never play with all deposit. Divide it into several parts (for example, 10-20, depending on the amount of the deposit) and buy different coins. If one of the coins begins to fall strongly, you will have the opportunity to recoup another. In our days, on the Internet you can find a lot of information on how to trade crypto. Read, watch and practice. Good luck!

Here's a link to the topic. Here the person tells about his 5 year experience of crypto trading.
https://bitcointalk.org/index.php?topic=3879414.0