11 Mistakes you should never do in crypto trading✌✌

[DRVX]

Even the experienced traders can use these tips. All of them are extremely useful. As for me, I am always trying to avoid one mistake - the panic. When you are depressed, a bunch of mistakes can be done.

[1714943263]

1714943263

[1714943263]

1714943263

[Herressy]

Even the experienced traders can use these tips. All of them are extremely useful. As for me, I am always trying to avoid one mistake - the panic. When you are depressed, a bunch of mistakes can be done.

being in a good way on how are you made to secure your money yet there is some cases to be in here that most of us cant just make some avoid on it specially when your emotions cant control yet and you may start to panic.

[lushlife]

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

I totally agree with you, divide your capital. this strategy
could lessen your risks since you're hodling multiple
coins

[tung06081989]

It is very helpful. All those mistake are usually met in trading. The matter is even we know about it, pratical is very different. It is really hard to control your emotions especially when the price keep rising, and you don’t wanna be the outsider.

[Hatuferu]

It is very helpful. All those mistake are usually met in trading. The matter is even we know about it, pratical is very different. It is really hard to control your emotions especially when the price keep rising, and you don’t wanna be the outsider.

Yes.We may even have lot of rules to follow but when it comes to real life application,they evenly lost out of sight.We tend to become of what we really are,like having emotional fears when prices suddenly fall,and resorted to panic selling which make us a great lossers eventually.

[Vaculin]

Even the experienced traders can use these tips. All of them are extremely useful. As for me, I am always trying to avoid one mistake - the panic. When you are depressed, a bunch of mistakes can be done.

being in a good way on how are you made to secure your money yet there is some cases to be in here that most of us cant just make some avoid on it specially when your emotions cant control yet and you may start to panic.

Right.Having emotional troubles can often lead to a loss in trading.As much as possible we should avoid that,but sometimes we tend to be more aggressive and develop greediness which will totally lead us in making trading a failure one.But let us learn a lesson from this mistakes and do good in the next round.

[markint]

It is evident that many of these principles are based on the rules that have prevailed in traditional trading schools for the last decades, and those perhaps have been relatively efficient in ordinary markets. However, I believe that the behavior and the nature of the crypto market make it a totally different challenge to those hitherto known by traders, therefore I believe that each one must build their own strategy through daily methodical observation, since I do not believe in magical recipes, much less in this complex and volatile market.

[mybtcasset]

i agree with the fourth rule nt to sell the coins in panic mode and rest all the points are well written it is eye opener for all

[Nick Abimanyu]

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.

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.

The biggest enemy as well as the real enemy, sometimes this one thing looks trivial but quite complicated in the process of his control, but for those who can not afford. Just be patient, because being patient is the only key that can neutralize your emotions to become as cold as snow.

[SlimShadyMmp]

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 means that you should always try to clear your head before heading into trading because emotions can make you twist things around

[victoryana]

Some things you should avoid when trading bitcoin
  . Wrong address

. Not completed enough certification

. Buy through the service of the trading platform

. Make a payment via PayPal or credit card

. Follow Fomo
These things will make you speculative at risk

[aliraza6663]

Thanks a lot for sharing such great experience by you. You guided well and i appreciate your effort.

[fabrizoc]

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

I totally agree with you, divide your capital. this strategy
could lessen your risks since you're hodling multiple
coins

This is financial management. If you don’t have financial strategy and you are diving in this trading thing or any other crypto or business related thing, believe me you would be seeing such big losses. Every time when you intends to go for trading, better is to make some strategy. Devise this strategy in a way that your income must be divided and then you can go for different altcoins as well.

[Cryptokarl]

These are some common mistakes been made in the cryptocurrency market. To eliminate greed is one of the things that any investor or trader need to. Secondly, do not invest what you cannot afford to lose as this very vital to your trading career.

[brenzosa]

the post by OP is very helpful for those rather new in crypto world.  I think I had done all the 10 things that were mentioned above.  I am now starting from zero again from huge losses.  bottomline is... never be greedy, if something is too good to be true, then it's probably false.

[-Newera-]

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.

I can fully agree with your 10 rules. These rules should be taken to heart by all new investors and to act accordingly.

[aliraza6663]

but its very hard to follow all these 10 rules, i broke some of these rules and lost so much in trading

[maaydin]

to be less greedy is the most important lesson I have learned during one year of trading, however this was an expensive lesson to me as I have experienced big losses buy indeed it is a good lesson.

[ttking]

To my mind, there are many common mistakes but all of them have the same feature-they happen because the traders don't have even the basic knowledge of the situation and can't trade sticking to the strategy

[jmgon12]

thank you very much if I had read more about trading I would not have lost, thanks for your advice, which you almost all committed, especially to invest everything in a currency that then left me in the nothingness