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Author Topic: 11 Mistakes you should never do in crypto trading✌✌  (Read 1677 times)
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August 15, 2018, 05:05:16 PM
 #181

Indeed I can agree with you that something is so much better than nothing because many people are so frustrating that they cannot do the perfect deal on the market while trading, it's not the case with me.

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August 17, 2018, 09:11:39 AM
 #182

Price of crypto is unpredictable now and technical analysis is does not work, we bought on the deep but the price going to the more deep, so never forget to use stop loss anytimes you buy crypto. Chooce exchanges that provide stop limit order function to make easy to set up stop loss.
Could not agree any more. Even if you buy low, you have be conscious about the fact that the price can go down further and this depreciation in the value then hurts your expectations of the crypto market to give back returns but this should not be so for the fall in the price of Bitcoin or any other coin does not mean the end of technology and it can rise again as well as the demand for that coin rise again. Besides, no mater how the prices drops, since Bitcoin is an international currency, hold onto it until it grows big enough to give away.

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August 18, 2018, 02:17:00 AM
 #183

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
Your tips are very complete, and this is a new lesson for beginner traders, but it is very difficult to do these things, especially if we don't have patience. in my opinion all the tips that you mentioned are based on patience, because without the patience all these tips cannot work.

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August 18, 2018, 02:54:54 AM
 #184

Indeed I can agree with you that something is so much better than nothing because many people are so frustrating that they cannot do the perfect deal on the market while trading, it's not the case with me.

In my own opinion, there will be no perfect deal in the market because the price is volatile so you will never determine when you are going to earn more profit or less.
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August 25, 2018, 02:12:16 PM
 #185

If talking about 4 paragraph. You  have a confuse with investments and trade. If the trader to see a panic he can to use this. Investor should be haven't reactionc on this event.

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August 31, 2018, 02:52:36 PM
 #186

About 9th. That's true, agree. Not only about trading. Don't do swing trading or position trading without learning about it first.
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August 31, 2018, 03:37:47 PM
 #187

hello nice post can u tell me more info on 3nd point  "Never invest your all money in one coin you must diversity". normal what is the good amount ot buy one coin of i have a 1000 $.

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September 02, 2018, 04:36:21 AM
 #188

Why do you need to keep coins for 1-2 years? Supporters of the fundamental potential of coins is a exist. Product can reveal when the society will be ready, and it can to continuous 10 years.
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September 03, 2018, 10:34:14 AM
 #189

I don't know how things work on the crypto exchanges, but on the stock exchanges traders are very superstitious. They stick to colours, dates, signs. Do you believe in luck?
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September 04, 2018, 01:37:12 PM
 #190

I don't know how things work on the crypto exchanges, but on the stock exchanges traders are very superstitious. They stick to colours, dates, signs. Do you believe in luck?
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September 05, 2018, 06:16:22 AM
Merited by rickadone (2)
 #191

I don't know how things work on the crypto exchanges, but on the stock exchanges traders are very superstitious. They stick to colours, dates, signs. Do you believe in luck?
Take it easy and never ignore your mistakes, you can improve your work and can change your mistakes into useful decisions. In crypto trading you have to update yourself from market situations and whenever you stay away of it and then come back to it after a long time then you may have lost many great opportunities of making money on different instants.


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September 05, 2018, 06:18:30 AM
 #192

I think the first one sgould be never ever jump into trading if you don't have exact money as profit and if you don't know and study the fundamentals such as indicators,  becuause in conclusion all of your effort, time,  money , will be wasted you should have a solid foundation before entering into trading industry.

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September 05, 2018, 08:14:55 AM
 #193

Nicely put up all the points in systematic manner but we should understand one point cryptocurrency is very young market and we can expect double of ur investment most of the investors panic when market goes down
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September 05, 2018, 08:45:22 AM
 #194

Trading is a zero sum game. The odds that an OTC broker can give you the worse are the more money they earn. There are several strategies that an OTC broker can use to make you misread the market and take advantage of you.

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September 08, 2018, 10:27:38 AM
 #195

I don't know how things work on the crypto exchanges, but on the stock exchanges traders are very superstitious. They stick to colours, dates, signs. Do you believe in luck?
Take it easy and never ignore your mistakes, you can improve your work and can change your mistakes into useful decisions. In crypto trading you have to update yourself from market situations and whenever you stay away of it and then come back to it after a long time then you may have lost many great opportunities of making money on different instants.
Mistakes are usually there for reasons and there is no way you won’t make them most especially in your early days of starting to trade. From these mistakes, you will be able to learn all that is necessary to know in the market and be able to use this knowledge gained from these mistakes to increase your level of experience into doing it better next time.

It is more like playing a normal game and then failing at some point which resulted to game over, but as you keep trying, you keep seeing where your mistake lies and what you can do to make things better next.

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September 08, 2018, 10:41:55 AM
 #196

I don't know how things work on the crypto exchanges, but on the stock exchanges traders are very superstitious. They stick to colours, dates, signs. Do you believe in luck?
Take it easy and never ignore your mistakes, you can improve your work and can change your mistakes into useful decisions. In crypto trading you have to update yourself from market situations and whenever you stay away of it and then come back to it after a long time then you may have lost many great opportunities of making money on different instants.
Mistakes are usually there for reasons and there is no way you won’t make them most especially in your early days of starting to trade. From these mistakes, you will be able to learn all that is necessary to know in the market and be able to use this knowledge gained from these mistakes to increase your level of experience into doing it better next time.

It is more like playing a normal game and then failing at some point which resulted to game over, but as you keep trying, you keep seeing where your mistake lies and what you can do to make things better next.

I like your analogy with playing a game, it's like that when you think about it. In very beginning you will die a lot, you will make many mistakes but as you learning, you're getting better and better and you make less mistakes, but difficulty is rising all the time, new problems appear.
Mistakes are a normal thing, sometimes it's hard to avoid making a mistake, I support comment above, very person should find a way to learn from mistakes, who isn't capable for that will suffer financially a lot in trading. Market if volatile, new moments appear all the time, it's crucial for everyone to learn how to recognize moment for action and moment for calmness, this world is not black or white, neither is trading, there are many grey areas, I always talk to people to find their own strategy for learning, with practice you will find what is the most suitable for you.


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CASTIEL05
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September 08, 2018, 01:10:59 PM
 #197

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
I want also to add that never trade when you are busy. Lately, I bought my laptop in a store, while I am waiting on the bench because they get the stock that I wanted to buy, I look at my tokens in cellphone not knowing that support became dominance in the coin that I hold, I bought a coin again at 700 sats and sell it at 800 sats. But all of my expectations are contradicted when I look it at home, from 700 sats to 600 sats and I was losed a lot. So, I conclude that we must focus with trade or do not trade if you are busy.


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lavishlifing
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September 08, 2018, 03:34:28 PM
 #198


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%.


Your explanation is lacking, someone might misunderstand this.
Being greedy is okay, in fact we should, traders, be greedy, so that
we aim for high always. You should've rephrased your statement
to, controlling greediness, something like that.
bitcoinerjawa
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September 08, 2018, 03:48:11 PM
 #199

yes you are right there are a lot of people who make mistakes like you mentioned and worse they cannot control their patience.

Pattart
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September 08, 2018, 03:58:26 PM
 #200

it is very difficult to know the right time to follow rule 10 but you never know if you are buying at deep. you also forget to add that traders should never join any pump and dump group mostly in the telegram because they are going to use you as bait. I fell victim of this when I first start trading. I always think I will be a millionaire but later nobody told before I get rid of such group. having a target is very important in trading and make sure you stick with the target.
There are lots of tips about trading not only on telegrams, on some twitter accounts also provide trading tips but do not immediately believe in their advice, maybe the suggestion is only good for their sake, better use your own calculations and analysis, it will be much better..

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