What are common mistakes and problems of the traders?

[Phan Trang]

As for me personally I would point out the main problem of mind in the past was that I have not developed a specific plan for my trading process, and now I am pointing the goals before start trading.

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[bubidan.id]

Panic and emotions that I cannot control. Most cases when I buy and the price of the coin goes down, I will feel panic and lose control of the emotions, then I sell the coin. My funds just disappear when this happens, and this is not good for me when trading. Especially if we play in the trade margin market.

To overcome this, I played Long-term, buying coins with low funds, for example, buying BTC, then holding it in my hardware wallet.

[Ruslanabramov748]

General errors beginners, he does not know that the market is suitable for trading. To begin with, you need to study the market and its subtleties and, at least, technical analysis.

[JohnWick_Bitcoin]

I will not say if there are two or three factors that depends on characteristics of a person but there is a big cake peace as a mistake subject that nearyly everyone did it is : Impatience

Oh, yes, impatience is the #1 enemy of any trader, especially the newbie. I think we all managed to make mistakes when we started to trade. It is something that is normal for a beginner.

Yes you are right, there are a lot of people today who are very impatience and that is the reason why they are losing a huge amount of their investments.

[Adrin]

First of all you need to know and believe it that making money is simple through trade stacks and Forex or Binary but not so easy. Really it so hard for them who have lack of patience on entry, selling very soon, Go to big losses from small lose, go after low opportunity, Over trading, hesitation and over confident. If you want to be a perfect and excellent trader then you must try for these qualities first. Never try for overcome if you make lose already and avoid trade against trend. Make sure about you have a cool mind when you start trading.  These is enough I think.

[tyas pur]

The problem that often arises for traders is that the value of Cryptocurrency prices changes prices quickly.
This will complicate the movement of a trader in managing coins and trying to make a profit.
I think you must have a good strategy and be patient in dealing with market conditions for Cryptocurrency.

[Catswold]

Psychology! If you're new to the investing world please read about human psychology when investing. We all heard it before, buy low and sell high. However, that just doesn't happen. In fact, 90% of people do the exact opposite. I, unfortunately, am part of that 90%. See, I got caught up in what we call FOMO (Fear of missed opportunity). I bought both Chaincoin and syndicate very high. I saw how well Chaincoin did so I speculated that Syndicate would do just as well. I also took advice from a very high rated YouTube channel to buy syndicate without doing my own research. Now I'm not blaming anyone for my losses besides myself. I choose to buy those coins. I just broke my own rules. I told myself I would never get caught up in FOMO and I would do my due diligence to research a coin before I bought. I was doing pretty well until I lost track of my thoughts because I wanted to make easy and quick money and I saw these two coins being hyped up I fell for the bait. Just know, in order for people to make a lot of money quickly in this world, someone has to lose a lot of money.

[pelipurlara]

which I experienced in trading difficult to manage the emotions of the situation in the market is always not in line with the mind, must have the patience of other people's suggestions are not necessarily have a bright point. the key patience to be a wise trader

in addition to controlling or managing your emotions when looking at the current market situation, strategies that are inappropriate in trading also greatly affect our success as a trader

[binting]

knowledge is the most important thing for trading. bookish knowledge would help in this issue until you have a direct contact or involvement with trading...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....

[CryptoDoing]

The most common mistake is excessive emotionality and impatience. But all this can be compensated by experience, so the main thing is to work on your weaknesses.

[Yatsan]

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.

panic, lack of patience, greed and sometimes, foolishness. The market itself is really volatile which most of the time plays with the minds of those who are trading. Due to these that I've mentioned, they are making mistakes that oftenly results to loss of profit. They are being eaten by desire of earning bigger without criticizing the behavior of the market carefully.

What the main is the state of some being impatient and soon will result to overthinking and panic. I, on my early stage trading really experienced that kind of feeling or been on the situation where i thought giving up will be the best option to do so but its not. I keep telling myself that its normal, everything is normal and will be on a better situation. Positive minds will result to positive outcomes with help of time.

[tulezua]

Important decisions can be an investment, friendship, recruitment, or transfer to a new place. Exemplary people are always scrutinized before making a key decision. They will not rely on a source of information or opinion of a person. Instead, they consider all factors and consider their circumstances and priorities.

[iv4n]

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.

panic, lack of patience, greed and sometimes, foolishness. The market itself is really volatile which most of the time plays with the minds of those who are trading. Due to these that I've mentioned, they are making mistakes that oftenly results to loss of profit. They are being eaten by desire of earning bigger without criticizing the behavior of the market carefully.

What the main is the state of some being impatient and soon will result to overthinking and panic. I, on my early stage trading really experienced that kind of feeling or been on the situation where i thought giving up will be the best option to do so but its not. I keep telling myself that its normal, everything is normal and will be on a better situation. Positive minds will result to positive outcomes with help of time.

Answer on this question is very complicated, because people are complicated. Panic, lack of patience, greediness are just some of the psychological problems we are facing in trading. It has different projection on every person, to talk more about this problems we need to know a lot more informations. In this things everything is on individual level, there are so many factors that affect final answer for each person. In the end of all things positive mind is what push us trough the day, on any job, don`t think about quitting, practice makes perfection, even when you are doing everything wrong it`s not a end of the world, it`s a learning process, and that process can be painful in so many ways. Keep it simple, keep it positive and like that you can be better every next day.

[yesyes18]

In my opinion, one thing i have realized to be a major mistake is about the way we think when the prices of our coins we trade are falling. When prices are falling, most people pray it goes down further so that they can buy at a little bit low price so that we can sell when it goes up. But the question is that who will take the prices up? Well, unless someone who will take the courage to buy at the current sell bid or a group of people who will do that and at the end of the day the manipulation keeps on going on and on. Should everyone buy at the bid order, crypto would be lovely.

[kerremy]

I think, one of the common mistakes and problems of traders is to make the wrong decision when they start to see big changes in prices. This is a serious problem in the crypto market due to the volatility of this cryptocurrency.

Technically, this is difficult to avoid because you involve emotion in trading. Therefore, besides having the right strategy, to overcome this you must have a strong mentality.

[ToyotaFortuner]

I think the mistakes that traders often make are that they often make mistakes selling their assets at very cheap prices when prices fall because they are too easy to panic and cannot control the patience they have.

[Knabu]

Emotions & bad R:R-trades.

You can know every candle by name, every pattern and everything about everything. But once fear & doubt sets in your mind, you'll forget everything and do irrational decisions.

You can get rid of fear by experience, that's the hard part. Getting rid of bad R:R-trades is much easier.

[Le Anh]

Trading requires risk and the risk here, need to be a calculated one. Having a calculated risk, means having a working strategy that can earn you profit. Mistakes traders make, could be as follows: not having a working strategy; trading with emotions; not applying risk management in trades; greed, and so on - as it varies by individuals.

[KGBx]

The most common mistake in my opinion is becoming a trader, seriously, it is a incredibly risky affair in todays crypto, probably you'll loose more than earn with such market.

[haydrop]

trading with emotions is a big issue and it affects ones decision alot