What are common mistakes and problems of the traders?

[Rana590]

For traders, they should maintain some basic rules of trading. Most of the trader who are not expert on trading, they want to huge profit at a time. It is the common mistake for traders in my own opinion.

[drachman]

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

This is why trading can be so difficult, there is nothing wrong with cutting your losses but another very basic mistake that traders make is to cut their losses too soon, this has happened many times, one very common scenario is that bitcoin is going down and then people sell their coins and suddenly out of nowhere bitcoin grows unexpectedly and instead of getting profits people miss those possible profits.

[minairia3]

Emotions, Emotions, emotions. It all boils down to emotions.  It's like a poker game. You lose when you are controlled by it.
Pride is also one that pertains to not following the trading plan.

[illnino]

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.

There are many mistakes that traders, especially the beginners make. They are:
- Impatience;
- Panic selling;
- Choosing the wrong cryptos;
- Investing only in 1 altcoin.

[isidrorex]

In my own experience, my first common mistakes and problems as a newbie in the Cryto Trading world is that I didn't have that patience at first when dealing with the Market price of Bitcoin and other Altcoins, but what I usually hate is when there is that market price change and I'm trying to earn profit for the day (I do day-trading) and then I made my Technical Analysis but end up with no profit because my Technical Analysis is not accurate. That really sucks, man. So my advice to my fellow traders is to never stop learning something new in the cryto world, Youtube and Google is always there. Thank you!

[Edsemen]

For traders, they should maintain some basic rules of trading. Most of the trader who are not expert on trading, they want to huge profit at a time. It is the common mistake for traders in my own opinion.

Basic trading rules includes the idea of selling at high value and buying at lower or dump price in the market. The opportunity should be grabbed while the price was still at lower stage and if it starts to pump you should invest bigger amount of altcoins, if based on your analysis it has a huge potential to reach much more higher value.

[anitaraymonds]

Most new traders lack patient and trade with little or no training and a mentor. Trading  is an act which need to be learned. There is always a difference between a trained trader and novice trader (try by error) Trained trader normally trade with plan, take profit Stop loss and will be a good technical analyst. With a good grip of the fundamentals. 

[The_Dark_Knight]

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

This is a very common problem that I see as well, some people get in love with a coin and they decide to hold no matter what, the only coin that you should hold no matter what is bitcoin, every other coin should be up for sale if the circumstances are right, or if you see that the coin is going down and it's not going down just because of the speculation, it's going down because something terrible happened.

[mudasarali43]

I think some common problems are effecting to some new traders that they don,t have idea how to make pending orders, buying orders and selling orders and one more thing i think traders have fear that is why they start selling in down market trend and panic sale i think this  is the more common mistakes in the traders side,

[btcdiggingmaster]

For traders, they should maintain some basic rules of trading. Most of the trader who are not expert on trading, they want to huge profit at a time. It is the common mistake for traders in my own opinion.

Exactly, who don't experience always need to make fast money but in the beginning, they will some decent money but they failed to analyse and start losing the invested money. Even they don't know how to keep the buy and sell order for the particular coin because they don't know how to analyse the chart reading.

[kateycoin]

I think the common problem or mistake of some traders is being impatience about the price of the coin and being greedy in some ways. And also pretending that they know everything about trading but the truth is some of us is lack of knowledge about trading. And especially being so hurry about money.

[xvids]

Fear and falling for some fake news,
Traders would sell their coin out of panic and mostly the reason of panic is fake news ,
And there are also some time when a trader would fall for some fake news to invest in a coin.

[usama98]

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.

Impatience and over confidence can through you in the bottom-line, If you want to become a successful trader than you must have to be risk taker cautious and careful.

[RakknRoll]

 The most common mistakes and problems of the traders are they usually make a easily decisions and they not think twice about it and clearly before to make a decision, in short they are not very well in terms of decision making process and also it is the factors that they have to enhance and practice.

[shaadsufi]

Most of the trader in this crypto world are new and have not much experience about crypto trading so most of the time they buy a coin without any research and when it goes down they get scared and tell crypto is bad. Crypto is not bad they need to learn first properly before trading in crypto.

[Gwapoman]

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.

Dont be too greedy..this attitude that will make you fail as a trader..

[Allura74]

I think the common problem or mistake of some traders is being impatience about the price of the coin and being greedy in some ways. And also pretending that they know everything about trading but the truth is some of us is lack of knowledge about trading. And especially being so hurry about money.

Yes, greediness is one of the most common mistakes of a trader, they don't want and appreciate some little profit that there coins can, so they will will wait another big pump for them to be profitable but chances is not always a chance and opportunity is not strike always. Therefore a trader must not be greedy and trade whenever there is a little opportunity to be profitable.

[Qunetick]

I think some common problems are effecting to some new traders that they don,t have idea how to make pending orders, buying orders and selling orders and one more thing i think traders have fear that is why they start selling in down market trend and panic sale i think this  is the more common mistakes in the traders side,

Without knowledge on anything could not give you good result in terms of trading, and with our daily living its been proved that without any knowledge couldn't give you such opportunity to have a nice job. So considering this trading mistakes, its a reason why of us fall into trap while selling at lower value then regretting after you made a decision. Trading isn't an easy Job to do for now, so be careful and do your personal research.

[Dimon8]

One of the problems of many traders is greed. When there is X10 or X20 and the growth potential is missing, many inexperienced traders in anticipation of X100 fix at best the profit X5. And then they scold the market.

[Cindykhato]

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 first is knowledge and experience once you have that you need to control your emotions and being greedy.