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Author Topic: 11 Mistakes you should never do in crypto trading✌✌  (Read 1917 times)
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September 15, 2018, 11:02:11 AM
 #221

Upon all the advices you gave us,only the number four whos for me is the most applicable for traders,and that is never sell you coins/tokens at losses because i know that before i bought something to add in my portfolio I’ll make sure that i made my researches and assignments for that specific coin so when it goes to my Holding my trust and believe remains on that and will never sell at loss and panicking when the market goes down
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September 28, 2018, 08:06:47 AM
 #222

Nice post.Lastly, leave your ego aside. Do NOT indulge in revenge trading. The goal here is not to be right on your trades, but to make a profit. Do not waste resources (time and money) to try to prove something. Remember, there is no trader who never loses, at least sometimes. The equation is simple – get the total profits to be higher than the total losses.
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September 28, 2018, 08:13:31 AM
 #223

I agree with number eight, never use emotions when trading. this will bring greed like gambling. there is also a little question why don't buy altcoins when bitcoin is unstopable?

Emotions should always be away when you deal in crypto currency as you need to use your mind in order to make the deal work in your favor. Consider it like a the goal oriented as soon as you get your price, sell and move away from it.

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September 28, 2018, 09:38:10 AM
 #224

makes sense, thanks!

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September 28, 2018, 09:46:11 AM
 #225

Quote
2/ Never buy altcoins when bitcoin price is unstoppable.
How to understand that point? Bitcoin is never the same, in a short word we can say that it's always unstoppable.
I would understood if you would advice to not sell when bitcoin is dropping down, coz usually it takes with itself all altcoins.

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October 08, 2018, 06:44:55 AM
 #226

I am much appreciated all your good tips above. I kind of interested in this line “Don't do day trading without proper knowledge ”. Actually, most people know that knowledge plays an important key that can lead you to big loss or a big benefit, but many of them don’t focus on getting an intimate knowlege. Besides, some popular mistakes you’ve mentioned, I am sure that almost all people although they know about it, they can’t avoid some this popular mistakes. However, as I think making mistakes can help us to learn a big lesson for the next trading, most importantly, never make the same mistake twice.
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October 12, 2018, 03:34:49 PM
 #227

Indeed, it is useful. I agree with all ten errors in cryptography. This is a very interesting and important point that cannot be ignored. You should always be aware
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October 12, 2018, 04:47:44 PM
 #228

11 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

3/ Never invest your all money in one coin you must diversity.

I agree with this rules. Cause so many traders make this mistakes on their trading. They like to invest their whole money into one coin. It is very risky strategy and I don't like this type of investment. It is better to invest minimum into 3-4 coins.

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October 13, 2018, 04:34:49 PM
 #229

11 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

3/ Never invest your all money in one coin you must diversity.

I agree with this rules. Cause so many traders make this mistakes on their trading. They like to invest their whole money into one coin. It is very risky strategy and I don't like this type of investment. It is better to invest minimum into 3-4 coins.
If you ask me.I will tell you is a vice versa situations because sometime taking a step at a time is more preferable than been diversity and I'm trying to point out is that what's will determine crypto currency traders/investors move is time. However, there's one good coin if ones invest in now good profit is guarantee in future and that coin is btc.
It experience that count.

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October 14, 2018, 04:05:01 PM
 #230

Indeed, it is useful. I agree with all ten errors in cryptography. This is a very interesting and important point that cannot be ignored. You should always be aware
Awareness is the other name of wisdom so I think those who are having faith on crypto should be aware of all those miner points which can change to profit to lose and lose to bigger profit, this is surely very informative even an experienced traders can get better result after following the given tips, because all of given tips are highly useful, so be smart and work smart relax yourself as a trader because if you will be worry it will be hard for you to take good decision.



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OptimusPrime:)
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December 23, 2018, 08:35:50 AM
 #231

Really useful info for newbies in Trading! Thank author.
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December 23, 2018, 11:49:19 AM
 #232

These tips and strategy it will be useful for me and ofcoarse to the newbie who needs a lot of information so that they will not make mistake while in they doing trading. They need to follow or use it for themselves not for us for their own successs.

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December 23, 2018, 10:14:34 PM
 #233

These tips and strategy it will be useful for me and ofcoarse to the newbie who needs a lot of information so that they will not make mistake while in they doing trading. They need to follow or use it for themselves not for us for their own successs.
Absolutely! These are very interesting and informative tips that can help us assess what proper approach and strategies to take for us to stay informed and help us decide creatively. Failures and mistakes are part of growth and success, never be afraid to fail, learn from it, and use it as a platform to be productive and efficient. Focus on the lesson and continue to grow.


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December 23, 2018, 11:37:37 PM
 #234

These tips and strategy it will be useful for me and ofcoarse to the newbie who needs a lot of information so that they will not make mistake while in they doing trading. They need to follow or use it for themselves not for us for their own successs.
When engaging in the field of crypto trading, you should never involve your emotions. Trading is not all about winning and success, be prepared and learn to control your emotions. Set plans and goals, and act accordingly. We all make mistakes, don't get frustrated, don't be trapped with disappointments, learn from them and move forward towards better future.

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December 23, 2018, 11:57:10 PM
 #235

Thanks for sharing ideas to avoid mistakes while in trading, in number 11 joining in telegram pump and dump group is useful but it's sad to say before they can got profits need to pay huge of amount to join is also worhles.

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December 25, 2018, 06:00:31 PM
 #236

Indeed, it is useful. I agree with all ten errors in cryptography. This is a very interesting and important point that cannot be ignored. You should always be aware

Everything that the guy has written here, is true. However, each of us makes these mistakes again and again, even when he understands it. Unfortunately, it is difficult to cope with emotions.

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December 28, 2018, 11:01:37 AM
 #237

Yes, my friend, following this rules is extremely important. However, I am trying to keep in mind also another stuff: never deal only with one altcoin. That is why I have about 16 tokens and Bitcoin in my portfolio.

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December 28, 2018, 11:07:51 AM
 #238

These are really things that traders suffer from a lot of transactions, which is also the main reason for their heavy losses when they do not follow the working principle.
I think they should record 11 things before deciding to invest in anything. I am a teacher and I am familiar with these rules.

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December 29, 2018, 05:33:05 AM
 #239

The biggest mistake is to hope for a big and fast profit. In this forum, I see a lot of questions from newbies. An example of such questions is: how to quickly increase capital, how to reduce losses, etc.

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December 29, 2018, 05:52:23 AM
 #240

The biggest mistake is to hope for a big and fast profit. In this forum, I see a lot of questions from newbies. An example of such questions is: how to quickly increase capital, how to reduce losses, etc.

its not a mistake to hope because hoppping can  give you a motivation to push more .  yet that is inapropriate to keep asking for an easy way or short cuts because that is an example of spoon feeding already   and you cannot learn better if you dont start at the beginning  or the hard way  .

but theres nothing wrong on seeking for advice because those can somehow improve your trading performance  .  

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