11 Mistakes you should never do in crypto trading✌✌

[Early2000sThrowback]

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.

Actually really helpful information, thank you a lot! By the way, there's something good that we can take into consideration as well. There are some tools that help predict prices of cryptocurrency assets with high accuracy rate up to 70%, one of the project that does that is called Cryptics, I use their forecast engine to get valuable price insights and it improves my trading dramatically.

[Bakemat]

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.

The biggest problem about trading is that, those people are investing at the wrong and maybe they are not well knowledgeable about crypto before engaging into trading.

[muncuss]

I'll always keep in mind the number 4. I would do stupid selling in my coin. I will hold it even for years. The only strategy I got is buy low sell high. If you want to gain do this and you will surely be rewarded

that is when a trader accidentally turn into investor  trader must know he not enter or exit the market in wrong time. when your coin start to dump, you can get more by sell it when it just started dump and buyback at bottom

[Gwapoman]

I'll always keep in mind the number 4. I would do stupid selling in my coin. I will hold it even for years. The only strategy I got is buy low sell high. If you want to gain do this and you will surely be rewarded

this is the difference between traders and holders..traders would use stop loss and wont let their money sleep for a very long time until the coin recovers..traders usually stop the possible losses by selling and look for another good entry in the market and holders won't sell in loss even it took them so many months or even years..

[bitcoin31]

Avoiding mistake can gives you good result because you can know what coin is good to buy or not. By identifying them you can make a wise decision that can turn into success. But I believe sometimes you do mistake but don't stop trading and continue with better strategy.

[St4yInTh3D4rk]

Thank you for all the 10 things you shared. I'm a beginner trading. Since I only know a few things, I often lose money. I will now read and will remember to apply in the transaction. I hope that I will earn money

Being a beginner and earning in the first chance is not so easy. You have to have some good market experience and loose even imparts worthy experience which can be used to modify the future strategies and planning about the crypto investment. You also have to have good market knowledge and perfect information about the technology. About earning money, long term plans often pay off.

More important the beginners need to analyse the news about the crypto currencies because when the time comes they also need to act according to this,for a investor they need to be patient at the time of FUDs but as a trader they can make profits from these kind of situation as well.

[minairia3]

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.

yes remember you don't "hope" in trading. You only have "the plan" that you should follow. Even if you set the loss at a 50% since you have high "hopes" for this coin you should follow it and don't hope for it to be revived.

[Visbay]

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.

This thread is very good it will provably help me and others to do trading in a safeway and have profit in every trade we do.

Sometimes greediness is good but we should know how to sell at the right time to avoid any losses.

As every one said "Don't put all your eggs on one basket" and "Just invest what you can afford to lose"

It is really good for new traders but I am not recommend this way. Because everyone have individual research in trading so mistake is good for future investment.
If we mistake in previous trading we should alert in future journey so I am always follow my own way.

Yes I know all of our mistakes become our teachers which use to teach us what we will have to do in future and what we will have to avoid so I think we should learn from all those, but we can plan well to avoid this kind of mistakes like we can have patience at dip and not to sell, we can buy at the low, we should never get for the panic selling because it cause risk of lose, so in short I want to say we really need to learn all those skills which can get us earn good profit in trading.

[gabmen]

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.

yes remember you don't "hope" in trading. You only have "the plan" that you should follow. Even if you set the loss at a 50% since you have high "hopes" for this coin you should follow it and don't hope for it to be revived.

Well don't predict the peak or the bottom because you can't. Have targets so even if you get in a tight situation, you won't be affected that much. That way you can avoid becoming too emotional.

[ProstoInvestor]

I do not agree with you about this point "Never buy altcoins when bitcoin price is unstoppable.". If bitcoin shows good growth, this means that some altcoins can show growth much more. Personally, I have faced this outcome many times.

[MUG1WARA]

everything is very good to be an experience because someone must know the mistake before doing something so it needs to be considered everything

[dadabosade67]

Nothing is perfectly right. The only right fact is that the market will always go against your expectation even though you try to predict so bad. Don't expect much in this world

[Davinus]

Wow, nice advices mate. Thank you very much for sharing your valuable ideas. Some of them were already following by myself and I strongly agree with your 4th rule which is "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." because I had experienced the panic sell in last bull run and got very bad result.

[b1k4ng]

the mistake I have done and until now I still regret it is when I am impatient in hodling and too desperate so after a few weeks from that time the coin that I hold has pump and it makes me big loss

[Crypto_trader87]

Thanks for this advice i am more agree with this scenario specialy when we are just a newbie in this industry we always makes mistakes but we can use this as a good lesson and use this mistakes to move in the higher level to achieve a good profit later.

[pisston]

Thanks for this advice i am more agree with this scenario specialy when we are just a newbie in this industry we always makes mistakes but we can use this as a good lesson and use this mistakes to move in the higher level to achieve a good profit later.

First of all, you should not do anything intuitively, unless you have certain knowledge. I had to do the same job several times and at the same time I spent not only time but money. And all because of the lack of information.

[Fatunad]

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.

yes remember you don't "hope" in trading. You only have "the plan" that you should follow. Even if you set the loss at a 50% since you have high "hopes" for this coin you should follow it and don't hope for it to be revived.

Well don't predict the peak or the bottom because you can't. Have targets so even if you get in a tight situation, you won't be affected that much. That way you can avoid becoming too emotional.

Emotion is indeed a big factor which do really generally affect each traders. Setting out or waiting for perfect timing is a must but if you are coming to a point that you always mind of waiting on the possible bottom price then as being said you should not mind this too much. Always target out realistic goals or plans as long we can earn percentage profit then it should be fine.

[atjiat]

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.

yes remember you don't "hope" in trading. You only have "the plan" that you should follow. Even if you set the loss at a 50% since you have high "hopes" for this coin you should follow it and don't hope for it to be revived.

Well don't predict the peak or the bottom because you can't. Have targets so even if you get in a tight situation, you won't be affected that much. That way you can avoid becoming too emotional.

Emotion is indeed a big factor which do really generally affect each traders. Setting out or waiting for perfect timing is a must but if you are coming to a point that you always mind of waiting on the possible bottom price then as being said you should not mind this too much. Always target out realistic goals or plans as long we can earn percentage profit then it should be fine.

I think that for the professional is practically impossible psychological factor. A person who has great experience, works not only on his strategy but also intuitively. So psychologically he is ready for his favorite results.

[usmanov123]

Good things. Also, one should find a style that fits his personality. Lets say if you're very quick-minded person then short-term trading is probably for you

[ChannaJay]

Hello Friend,

Thanks for this giving these tips for US. It was really helpful.

If you do not mind, I have some question regarding your topic 10.

your topic was -
Never buy coins at their all time high price.Don't buy coin at their high price, wait for dump and buy at deep.

You adviced us to buy t deep.But how can we identify that correct deep time ?

Please further explain it.

Thanks.