What are common mistakes and problems of the traders?

[Sum24]

Never be in a hurry, even when you are involved in day trading. You should take all the decisions only when you are sure you are not making a mistake.

For day trading its very important to remain ready for any kind of situation you will have to keep your eyes on market. Buy for low and sell high after that hold but trade for long term people mostly sell at low trade for day which is not good. I suggest all new traders to increase your knowledge and keep trading for long term so it’s not harmful for new and old traders.

[Moiyah]

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.

Add the GREED emotions in trading. If we fall for any FOMO,it will destroy our trading plan and strategies. We have to be confident enough and be courageous when entering such trades. If we are able to build knowledge within ourselves, we will be confident enough to do some tradings

[jimmyd178]

What's happening with MPCX's IEO? 3 different crowd sales concurrently? (OOOBTC, MPCX's site, ProBit)

[Tigerw]

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.

Add the GREED emotions in trading. If we fall for any FOMO,it will destroy our trading plan and strategies. We have to be confident enough and be courageous when entering such trades. If we are able to build knowledge within ourselves, we will be confident enough to do some tradings

you definitely need to first get good knowledge for cryptocurrency trading and really start getting experience.  for a newbie this is the most important thing.  if a person is going to engage in this activity, then there can be no talk of any fear.  You should always continue to study the cryptocurrency market, because no knowledge is enough for a good result.

[Polar91]

The most common mistake and problem commited by the traders is that, they think that risk management isn't important. We are all guilty that sometimes, we made a decision wherein we can't accept that we made a wrong decision. We tend to believe that our wrong decision could be covered by time since the market could move in favor of you which can take years. The neglection of your wrong decision causes more losses to your portfolio. Thus, the game plan should be implemented no matter what happen.

[tungaqhd]

The most common mistake and problem commited by the traders is that, they think that risk management isn't important. We are all guilty that sometimes, we made a decision wherein we can't accept that we made a wrong decision. We tend to believe that our wrong decision could be covered by time since the market could move in favor of you which can take years. The neglection of your wrong decision causes more losses to your portfolio. Thus, the game plan should be implemented no matter what happen.

Agree, almost everyone doesn't like loss and failure, the common mentality is to want to succeed continuously and make money, not to see the losses but unfortunately, this market is not perfect and so good, it is always a series of challenges and forces investors to mature if they want to overcome. And here, if they don't accept they are wrong, they don't accept they have lost in their calculations, they will fail, a very common problem, persevering in despair and not cutting losses early, many profound lessons but few people understand

[jamesndungu1]

One of the major common mistake newbies make is not doing enough research on the coin they are investing in and this usually leads to another mistake of pouring all of your funds in a coin that you barely understand. Lack of a trading strategy is also rampant. These are mistakes that anyone can make, no one really is perfect in digital trading.

[PuertoLibre]

One of the major common mistake newbies make is not doing enough research on the coin they are investing in and this usually leads to another mistake of pouring all of your funds in a coin that you barely understand. Lack of a trading strategy is also rampant. These are mistakes that anyone can make, no one really is perfect in digital trading.

Only 7% of the traders stay in this business after 5 years and 80% of the financial market traders quit trading with 2 years. The top traders are the winners and the other's trades is the liquidity for the winners. The point here is to not become a liquidity provider while hunting in the accumulation areas of the charts for liquidity.
The worst mistakes have the costs but the learned lesson worth to make the mistake. Repeating the same mistakes will be a senseless and trader must work with the charts every single day for improving the trading skills.

[Julien_Olynpic]

One of the most common mistakes made by traders is the search for a universal method for making money. Traders want to find one scheme for making money and that it always works and brings constant income. Unfortunately, the market is much more difficult for us. We need to be flexible and change our tactics often.

[awik p]

One of the major common mistake newbies make is not doing enough research on the coin they are investing in and this usually leads to another mistake of pouring all of your funds in a coin that you barely understand. Lack of a trading strategy is also rampant. These are mistakes that anyone can make, no one really is perfect in digital trading.

Not doing a lot of research in trading can cause losing money also because a trader who have enough information got a coin who does not potential which means it will never up the value even it wait for longtime. There are many mistakes that the trader do now that can cause for them failed but sometimed they use it mistake to go up again and become successful to the trading.

not doing research, I think it's the same as gambling. we just feel that the coin will rise. at least make technical analysis, if we don't examine fundamental analysis. with technical analysis I think it is enough to make a profit, as long as we can discipline ourselves

[Yelobe]

I think  first mistake is for newbie they  don't  research about trade they think when price down they sell coin but that's not good for trader

[Freddy11]

The most common mistake is not giving importance to strategies and right management. In particular, if someone is just starting up, he/she is just not interested in learning or getting proper idea of the industry. The first and very obvious route is getting proper Crypto Knowledge, it is only then that we would be able to lead our self towards success and able to achieve something worthy. It’s just not doable in any other scenario at all.

[giltc148]

Though I already have some experience in trading, I keep on making mistakes. They can be of different kinds, but IMHO the most common mistakes are caused by using weak strategy. When I entered the cryptocurrency market, I understood the basics but didn't pay enough attention to research. Honestly, I still do not divide enough time to research, but I found a way out in using info bots. From the beginning that was bot from CoinMarketCap. Later when I switched to CEX (before it I used Coinbase), I found out that the company had launched a convenient bot, https://t.me/CexIoInfoBot, and decided to try it. Well, partially it makes research for me, so I am glad to use it.

[atjiat]

My friends advise me not to use trading bots, because they can only correctly conduct the first few transactions, and then you just lose money.  It seems to me that it is better to conduct an analysis of the market and those coins that you have chosen to trade yourself.

[Darklinkz]

First and the most common is that they will not do their due diligence or do they own research. Because that is also how I hustle when I was new to trading and every altcoin projects reach their moon so I thought to myself that since it can happen to any coin then I will just listen to the most people who shilled the same coins and will buy it. Not gonna lie that it worked but everything now has changed. You need research and please do not put your money on projects that has only beautiful whitepaper.

[jakoylantern]

First and the most common is that they will not do their due diligence or do they own research. Because that is also how I hustle when I was new to trading and every altcoin projects reach their moon so I thought to myself that since it can happen to any coin then I will just listen to the most people who shilled the same coins and will buy it. Not gonna lie that it worked but everything now has changed. You need research and please do not put your money on projects that has only beautiful whitepaper.

Yes, I agree with what you said one of the common mistakes and problems of traders/investors is lack of own research. The other common mistake is emotional problems ( rushing to buy and sell without a complete analysis ), risking plenty of money ( we know that in trading you should prepare to the part that you will lose your money and you should spend only the money that you can afford to lose) and also don't assume that you will profit easily especially in crypto trading.

[coin_1122]

First and the most common is that they will not do their due diligence or do they own research. Because that is also how I hustle when I was new to trading and every altcoin projects reach their moon so I thought to myself that since it can happen to any coin then I will just listen to the most people who shilled the same coins and will buy it. Not gonna lie that it worked but everything now has changed. You need research and please do not put your money on projects that has only beautiful whitepaper.

Yes, I agree with what you said one of the common mistakes and problems of traders/investors is lack of own research. The other common mistake is emotional problems ( rushing to buy and sell without a complete analysis ), risking plenty of money ( we know that in trading you should prepare to the part that you will lose your money and you should spend only the money that you can afford to lose) and also don't assume that you will profit easily especially in crypto trading.

Most of the people who are in trading will always aim for high returns without any research on what they are investing. In the beginning, I used to think in the same way, but after somehow I realized to do some research on what I am investing. Without a specific idea about the project, it is impossible to make a profit in the crypto market.

[Greed Dev]

There are many mistakes of a trader, in my opinion and my knowledge is that trading knowledge if you do not have a solid knowledge in trading, it is likely that you will lose a lot of money afterwards. The next mistake is to be impatient when buying and selling often let the emotions take control, they want to profit quickly so they panic when the market goes down, in addition you also need to have an investment plan and stick to it for your investment to be convenient. I hope my above share will help you achieve a lot of success in trading.

[hahay]

Mistakes that often occur at least are about patience, because in trading emotions easily increase when the situation can no longer be controlled and at that time panic will definitely occur which of course will make a loss in trading. So to anticipate this problem is about experience and also good confidence, if you can control it all then chances are you have a good chance to maintain a healthy trade every time.

[kidoseagle0312]

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 most common problem for a trader is short-temperedness, often anxious when the market price is falling, and often leads to a wave of emotions that cause investment volatility, which should not be the case with a trader. So a trader should be well-versed in trading matters, just basic enough to earn a good income here.