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Author Topic: 11 Mistakes you should never do in crypto trading✌✌  (Read 986 times)
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June 15, 2018, 03:44:00 PM
Merited by nydiacaskey01 (1), newinbtc (1)
 #1

11 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

LET'S START  Cool

1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

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

4/ Don't sell your coins at loss,don't get into panic sale.Because if you brought protensial coin, then don't sell your coin if it dump.Because it will grow again after some days.

5.Never invest all btc in altcoins keep some btc in wallet for right time.If you like one coin most,don't invest your all money on this coin.Keep some btc for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale.You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.

11/ Do not join any pumping group in telegram. Because the group's administrators take benefit by using us and we face many big losses.Don't be greedy and join their group.

Guys if you follow this 11 strategy, then I'm sure you will be safe from losses. Cheesy Cheesy

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June 26, 2018, 03:50:00 PM
 #2

This is helpful. But can you explain what you mean by "do not trade with your emotions?" How is that possible? Thanks for feedback.
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June 26, 2018, 04:02:52 PM
 #3

This is helpful. But can you explain what you mean by "do not trade with your emotions?" How is that possible? Thanks for feedback.

Emotional trading can mean a different thing to different people. In my opinion it's becoming too attached to the coins you've bought. This may cause to to keep buying as the price falls, or to hold onto as the price drops into massive losses for you. Unfortunately this can really only be broken with experience, I'm still bag holding a few coins I should've sold a long time ago, but have been too attached to them.

Other explanations could be 'tilt' from trading. In video games it's easy to get upset after losing a couple games. This may cause you to perform worse, but keep playing because you need to win some. Usually this leads to more losses. In trading it may be easy to lose big on a trade, so you start making risky trades in an attempt to earn your money back. Ideally, you should know when to walk away and take a break and relax. Again this comes with experience, especially because it's easy to think that if you don't make a trade right now you'll lose your opportunity to make the money back.

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June 26, 2018, 04:14:25 PM
 #4

4/ Don't sell your coins at loss,don't get into panic sale.Because if you brought protensial coin, then don't sell your coin if it dump.Because it will grow again after some days.

I agree with this one but only in certain circumstances.. I think if you're maybe trying to predict a bottom on bitcoin and buying alts you may would want to put a tight stop loss, unless it continues down just to get you out of that position before things get bad... but definitely don't do sell now at a 50-60% loss, you'll just have to be stuck bagholding until the situation gets better.

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June 26, 2018, 04:40:05 PM
 #5

10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

LET'S START  Cool

1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

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

4/ Don't sell your coins at loss,don't get into panic sale.Because if you brought protensial coin, then don't sell your coin if it dump.Because it will grow again after some days.

5.Never invest all btc in altcoins keep some btc in wallet for right time.If you like one coin most,don't invest your all money on this coin.Keep some btc for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale.You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.

Guys if you follow this 10 strategy, then I'm sure you will be safe from losses. Cheesy Cheesy

Well, you are right here with some statements but for me the biggest enemy you'll encounter in trading is yourself and how to control your emotions.

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June 26, 2018, 04:50:55 PM
 #6

You had shared some valuable strategy.If the price of bitcoin and altcoin is reduced we have to buy. Orelse we have to wait till the reduction.
You should allow your emotion to get into trading,it always make you suffer.Holding is best strategy to avoid of unwanted loss.Don't get panic.
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June 26, 2018, 05:15:43 PM
 #7


8/ Don't do trading with your emotions keep them aside.


right , sometimes i am unable to control my emotions and In last i loss money while trading.

This is helpful. But can you explain what you mean by "do not trade with your emotions?" How is that possible? Thanks for feedback.

he mean to say that if you angry some time , in that time you did stupid things and some times you take wrong steps and all money gone.
hope you understand my point
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June 26, 2018, 05:25:06 PM
 #8

10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

LET'S START  Cool

1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

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

4/ Don't sell your coins at loss,don't get into panic sale.Because if you brought protensial coin, then don't sell your coin if it dump.Because it will grow again after some days.

5.Never invest all btc in altcoins keep some btc in wallet for right time.If you like one coin most,don't invest your all money on this coin.Keep some btc for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale.You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.

Guys if you follow this 10 strategy, then I'm sure you will be safe from losses. Cheesy Cheesy

Thank you very much for sharing this precious!
Control greed is what helps us survive in this market
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June 26, 2018, 05:30:25 PM
 #9

10/ Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.

This is very interesting and important point. Most of the time, people see a coin with 80-100% rise and buy it but next thing they notice is that coin is down by 20-30% very next day. Instead of selling, they keep holding and value falls further. This instinct is known as FOMO and in 9/10 case it brings negative results to investors. So it is better to be safe and earn low than try making profits on rising coin because pump in crypto world is very short living due to high volatility and price manipulation.
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June 26, 2018, 05:48:06 PM
 #10


Let new traders experienced mistakes. There's no way they can learned if they will have a continous winning streak during their first phase of trading activity. It will just result of having a feeling that no matter what they do, they will not suffer lose. Experience will teach them how to deal with any problems that they will encountered on the way.

All things listed above are post effects so it means for those who don't have experienced it yet, they will not fully understand what those means even how simple it is as a statement. Again if they will experience losses on the way and they are really eager to pursue their trading career then they will move forward safely after every losses.

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June 26, 2018, 06:06:41 PM
 #11

10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING  Wink Cheesy

LET'S START  Cool

1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.Otherwise you will lose all your money if you want more than 10%.

2/ Never buy altcoins when bitcoin price is unstoppable.

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

4/ Don't sell your coins at loss,don't get into panic sale.Because if you brought protensial coin, then don't sell your coin if it dump.Because it will grow again after some days.

5.Never invest all btc in altcoins keep some btc in wallet for right time.If you like one coin most,don't invest your all money on this coin.Keep some btc for right time.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale.You should hold your long term coins for 1 or 2 years.

8/ Don't do trading with your emotions keep them aside.

9/ Don't do day trading without proper knowledge.Before learning day trading don't go for it.Otherwise you will lose your all money.

10/ Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.

Guys if you follow this 10 strategy, then I'm sure you will be safe from losses. Cheesy Cheesy

yeah, you are right, we should be pay attention all of them. especially about panic sell, many people still can't control about this.
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June 26, 2018, 06:23:15 PM
 #12

1/ Don't be so greedy,as something is better than nothing.If you get 10% profit then try to sell out and exit.

2/ Never buy altcoins when bitcoin price is unstoppable.

6/ Always make your portfolio, decide part if short and long time.

7/ Don't sale your long term coins at panic sale.You should hold your long term coins for 1 or 2 years.
Well, I think that 10% is really nothing if trading is not done with big sums of money. Especially this is true if one is using an exchange with high withdrawal or transaction fees. As for #2, I just don't understand what it is about. Do you mean one shouldn't buy alts when bitcoin is rising, because at that time bitcoin is a good investment too? Or is it about the time when all the prices are going down and btc dominance increases, even though the price gets terrible?
As for long-term investments - well, I think it really doesn't make sense to hold for so long. I am among those who were holding during ath and right till the time bitcoin fell down like crazy. It would have surely been better to cash it out at that time and buy now.

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June 26, 2018, 06:34:41 PM
 #13

Trade between the best coins then the upheaval will always be there, no matter how frantic there must be that can not be avoided anymore because everything is dealing with money, then I think there is no harm in this world of crypto, if the price goes down then do not sell because the price will come back to the top when the sale will lose, easy is not it? just need to be patient, every thing will be no good situation, if not want a lot of long-term investment costs will be very good, in the next few years.

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June 26, 2018, 07:05:25 PM
 #14

In addition to the first statement, remember the half rule, meaning if you have a particular coin and the price appreciates by a reasonable value say double as the case may be depending on the coin history and prevailing market conditions, sell half and continue to hodl the other half. Do not be greedy to hodl all until the prices quadruples. You may call this Rule of Thumb

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June 26, 2018, 07:27:57 PM
 #15

I can invest all my money in bitcoin and I think there is nothing wrong with that, rather than diversifying my money into shit useless tokens bitcoin is much more better investment now  Smiley

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June 26, 2018, 09:00:08 PM
 #16

You should not sell the bitcoin at the bottom.It will gives huge profits to the buyer ,when the price increase.In Additional, buyer will get additional bitcoin for the same money.If you have patience,you will get only profit from it.I don't know why people inverse and sell at low prices due to panic.

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June 26, 2018, 09:05:32 PM
 #17

I think I can not figure out 10 mistakes. Just a mistake that you are impatient will make you lose a lot of stuff on this Crypto market, maybe if you do not patiently sell your coin at an inappropriate price, then you will repent Sorry about that.
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June 26, 2018, 09:52:44 PM
 #18

Above lists you have is helpful, at some point the mistakes I have experience doing trading with emotions. This is right never greedy, and do not invest in a single coins as this are very risks thing to do. Above all, in every crypto trading we do patient should involved.

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June 26, 2018, 10:16:17 PM
 #19

Number 3 and 8 are the most important for my view. Not labouring your account too much and diversifying is a nice way to build capital. Also, keeping our emotions on check while trading helps.

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June 26, 2018, 10:24:28 PM
 #20

Exactly! But, what I like most is the number one since we don't have to be greedy for us to be able to earn more, we can easily earn more if we know the strategy, in trading don't expect too much at least 10% profit is a lot, we can at least lower it to 5%.

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