11 Mistakes you should never do in crypto trading✌✌

[wildflower18]

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

I think he only means that, avoid getting emotional when you see your coins falling. Try not to panic sell because it doesn't help. Just remain calm when bear market strikes because of its usual thing. Be patient on holding your coin until it reaches the best price to sell.

We can follow the lists mention not to panic selling nor not to be greedy. Although risks present at all times but we should be aware about this things may happen in crypto trading.

[carlisle1]

Though this are all common ideas that must every users has,still youre too generous to post this here to help newbies or even old timer to have another set of knowledge for not to become another noob that might loss capital because of denying this reasons.keep it up mate and i believe this helpful tips might help many new comers ,i will bookmarked this for future sharing

[Dendamma]

10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING 

LET'S START 

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.

Thank you, this is very useful info. I don't see how anyone can keep 100% of their emotions away, but you gave a good tip on this. Too many people don't think straight, especially if they are new in this whole thing (like myself). I like the /7 tip the most. This is is something I haven't considered as a firm decision yet.

[Koadharber]

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

Disagree,

Even you would tend to follow those 10 strategy it wont really make you completely safe from loses.We do know that market is unpredictable and no matter how you do set out those safety precautions or reminders there would always be a chance on losing out money. In every investment theres always a particular risk tied up with it therefore saying safe isnt really be suited out, when we do talk safe its 100% no loss which none trader or investor would definitely reach that state.

[itscomplicated]

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.

I don't agree to this statement, As what they say experience and mistakes are the greatest teacher, don't be scared to lose. Whenever you lose in a trade don't forget to continue going forward.

[HatakeKakashi]

Some of them I do mistake before because I did not do what I do last few yeats ago when I started to crypto trading. But because of doing some research and asking some people who are already successful in trading and I follow them and I start to earn money weekly. I hope many traders will do right in trading so they earn money too.

[Ratmanrr]

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.

I don't agree to this statement, As what they say experience and mistakes are the greatest teacher, don't be scared to lose. Whenever you lose in a trade don't forget to continue going forward.

Well, I'd say it depends Depends on what kind of personality you are.
Because mistakes could cost you and thus most people tend to get into an avalanche of mistakes resulting in going broke and unhappy. Very few people will learn and go on.
My guess is that the message here is pretty straightforward, i.e. be aware of possible consequences and don't complain because I have warned you That's it, IMHO.

[nl247]

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.

I don't agree to this statement, As what they say experience and mistakes are the greatest teacher, don't be scared to lose. Whenever you lose in a trade don't forget to continue going forward.

Oh please! You are meant to be trading, not gambling!!. If you do not have any trading knowledge, whether you like it or not you are going to keep losing until you lose everything, and if you want to continue, you are going to simply be like those who keep repeating the same thing and expecting different results.

Anyone who trades without a strategy in place is gambling and without knowledge, you cannot even be able to come up with any strategy at all. The thing is that, after learning, you are bound to make mistake which is inevitable, but that is when the experience now comes in gradually, but skipping the learning path and thinking you can just get better with experience, you are doomed to fail and get frustrated at the end.

[jakezyrus00]

One of it is when someone will send you a link, ask first if what is that link. It is better if you will ask the sender that he/she is the one who will open the link then screenshot what is in there. Do not click or open any link or apps or ads immediately. I have a lot of friends who already scammed their coins.

[btc78]

10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING 

LET'S START 

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.

Im planning to enter the riskiest part of cryptocurrency and that is daytrading actually im hesitant because i know how i can lose if i dont do the right way,but now as i have read your advices I strongly believe that i can be a successful trader jus follow this rules

Thank you for this dude i owe you with something good to learn

[el kaka22]

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.

I don't agree to this statement, As what they say experience and mistakes are the greatest teacher, don't be scared to lose. Whenever you lose in a trade don't forget to continue going forward.

It is hilarious when I see people come up with statements such as this about just hitting the market and trying to gain experience even without learning. Should I tell you what is imminent for you in such situation ?

Failure and a very huge one for that matter! You need to gain a lot of knowledge and start with practicing with the knowledge you have gained with little, which is where the experience will then start kicking in until you gain confidence and get better, but trying to use experience alone is more like trying to play with fire.

[slashz9]

maybe you are right, but your toughest enemy is yourself.
I strongly agree with point number 10 but because some people ignore it, I'm sure many people buy bitcoin when it costs 20k $ and now it's selling it.
that's why I say your greatest enemy is yourself.

[crocus]

Thanks for your tips about crypto trading and you are right we should never let our emotions control our strategy in trading due of crypto is volatile, also dont be greedy be satisfied if we gained good profit cause there is possibility that our assets dropped and being day trader is difficult we should have proper knowledge about trading before entering day trading.

[Freshmen]

 One huge mistake will always stay the same both on crypto and on gambling and honestly anything to do with money ever. Do not trade with the money you don't have. If you are going to be in trouble when market crashes than don't trade your coins that you do not own yourself. Be careful with how much you trade and always trade or invest with the money you are willing to lose. If you are not doing that, you will end up in big losses for yourself and it will take a lot of time to recover from that setback.

[JackdunR]

I have only one mistake that I never fix, it's me too hasty when the price of the coin drops and I'm afraid to sell them so I'm losing money, I can not wait patiently, keep looking at them.

[zedicus]

10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING 

LET'S START 

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.


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

This numbers that i will gave my opinion accordingly.

1. 10% is depends on the coin that you bought if you see it have a more chance to get up don't limit it to 10% or if you are playing safe sell 50% of your coin at 10%

2. It depends not all altcoins are decreasing its price it depends on bitcoins momentum.

8. You can't keep your emotions aside instead use your emotions to control the situation.

[shone08]

maybe you are right, but your toughest enemy is yourself.
I strongly agree with point number 10 but because some people ignore it, I'm sure many people buy bitcoin when it costs 20k $ and now it's selling it.
that's why I say your greatest enemy is yourself.

Absolutely right yourself is your no. One enemy (emotional trader can result losing of money) , the tip of TS are really helpful especially for the begginer that want to enter in trafing industry.
The no. 1 tip in the openning page are the one you need to know in trafing industry.

[Vimukkthi Vithanage]

very informative and supportive facts.  Totally every rule to follow to be a good trader or an ico investor. Thanks for sharing all these. keep up the good work

[bloodchow]

10 MISTAKES YOU SHOULD NEVER DO IN CRYPTO TRADING 

LET'S START 

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.

1. im happy to earn 50~100% profit by riding the crypto wave...

2. when bitcoin is bullrun, its the perfect moment to all in alt coin

3. it makes little sense if you know what your doing, diversify is a protection for ignorance

4. cut loss... there you go, if people have sold their bitcoin in the recent bear run at 12k, they would not lose 70% until now. know when to quit

[Nisharawal]

This is really a new and good quality post  I have nor merit points otherwise I would have given you the Merit as this post really deserve it. I have bookmarked this post and I would like to add that I will practice this 10 steps for both trading and Investing and let you know how these points really work in practice or in implementation. Even i believe that if i follow these steps then my account is not going to see any kind of loss, and i think everyone must believe in these points and implement them soon.