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Author Topic: 11 Mistakes you should never do in crypto trading✌✌  (Read 1917 times)
nebiki
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December 29, 2018, 06:07:29 AM
 #241

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.
yes, everyone hopes that way but it's just that they did it wrong. if you want to be like that, of course you also need patience and the right time when to sell it. but now if it is done it is very wrong because it is difficult to make a profit.

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noormcs5
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December 29, 2018, 01:32:37 PM
 #242

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  .  

I think one should make a small targets to achieve when in trading like 5%, 8% , 10% etc. When these target get hits they should sell and do not be greedy for more profit as we never know when the coin may dump. In this way our loss will be minimize in trading and we will only gain profit.

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December 29, 2018, 03:44:56 PM
 #243

Upon all the advices i will stick to the number one that had been mentioned and thats about be GREEDY

if we will only put this in mind and keep everytime we do trading,for sure good outcome is what were facing

Being contented in small profit is enough that making chances in higher but in the end,will become loser

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January 01, 2019, 11:36:40 AM
 #244

I notice some mistakes too, here they are:
Not doing enough research
Ignoring basic fundamental charts
Panic selling
Not having an exit plan
Looking for the Next big coin
Only investing in a single coin
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January 01, 2019, 02:46:25 PM
 #245

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  . 
hope must be placed in the right position dude, don't expect and hope to shitcoin, don't expect prices to recover when market conditions get worse and so on. because it will only make you lose. you have to be sure and hopeful when you hold for longterm in potential coins like bitcoin, thats one of example

FutureICOs
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January 01, 2019, 05:41:06 PM
 #246

There are MANY mistakes that people make because they don’t understand the actual concept of trading, which is what creates all the problem. If we understand the concept of a certain thing then we will RARELY make mistakes via doing it. I am not saying that makes you predict things, but it helps you avoid mistakes which are more through lack of understanding.

I am not an expert or want to be but I do understand how to make money through it. And it is also very important to pick the right exchange to work, I prefer Bitmex, which got the ingredients required for a normal person.

You can read Bitmex review too, which should help you understand their level and reach. So, these are BASIC stuff that one requires to know and understand.
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