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Author Topic: 11 Mistakes you should never do in crypto trading✌✌  (Read 1661 times)
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September 08, 2018, 03:58:26 PM
 #201

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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September 08, 2018, 06:29:15 PM
 #202

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..
Before you start using the results of your tests, you need to have enough knowledge and experience. Based on this, in my opinion, it is better to accumulate knowledge from the bitcointalk forum, because here the information is less dangerous.


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September 08, 2018, 09:21:16 PM
 #203

These rules are decent, seriously. But I want to add that these rules may also block you from getting good profits by risky decisions which sometimes work out well in crypto.

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September 10, 2018, 07:57:19 AM
 #204

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.
Studying is always one key factor for every trader. You never ever stop learning and you do all it takes to make sure you know what trading is all about, and you can go about it and own a good strategy before you can even start going ahead.

What a lot of people fail to do is to assume they already know the little things they have learned and then just think that is all that is necessary, but trading is a very big, huge and complex profession which if you do not learn right, you are bound to fail woefully in it.

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September 11, 2018, 06:21:23 AM
 #205

nice post but u have said that ''Always make your portfolio, decide part if short and long time.'' can u give more info in this.how can we choose  them ?

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September 11, 2018, 06:31:15 AM
 #206

thank you for the useful post, i gave also lost money at this pumping and dumping signal group in a telegram.they are useless and never join them.
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September 11, 2018, 08:09:32 AM
 #207

nice post but u have said that ''Always make your portfolio, decide part if short and long time.'' can u give more info in this.how can we choose  them ?
Make your portfolio based on your investment period if it is short term you need to pick the coins with much volatility and if it is long term pick the bitcoins or the coins with much reputation,but you need to find your coin because no one can say that which coin is going to be much profitable in short or long term.

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September 11, 2018, 08:10:01 AM
 #208

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
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September 11, 2018, 03:19:16 PM
 #209

Thanks for the list, it's pretty useful Smiley

Here's a cool explaining top 5 mistakes you can make while trading cryptocurrencies:
https://coincodex.com/article/2314/top-5-common-trading-mistakes-you-should-avoid/

Best way to LONG/SHORT Bitcoin. Up to 66x leverage. Register on BitMax now!
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September 11, 2018, 03:30:32 PM
 #210

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
Thank you for these tips. These could be use by many people in cryptocurrency. Thanks to you. They'll be having learnings for this. The best part is the greediness. Many people were affected by that so much. So guys, be sure not to be greedy.


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September 11, 2018, 07:50:53 PM
 #211

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 wish I knew this tips when I went in crypto.
Some of these things I learned the hard way, but most important thing is that I learned my lesson.
I will keep this rules to be sure not to make same mistakes again.

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September 12, 2018, 12:40:43 AM
 #212

I like your advise not to buy altcoins when Bitcoin price is unstoppable. Moreover, I think that altcoins should be preventively sold before they crashed on the crypto exchange markets. As I can see, Bitcoin is the most stable crypto currency, because its HODLERS don't sell their BTC.

Earlier I thought that the investment portfolio should be diversified. Now I changed my opinion. Sometimes you need to hold only Bitcoin.

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September 12, 2018, 02:12:48 AM
 #213

I like your advise not to buy altcoins when Bitcoin price is unstoppable. Moreover, I think that altcoins should be preventively sold before they crashed on the crypto exchange markets. As I can see, Bitcoin is the most stable crypto currency, because its HODLERS don't sell their BTC.

Earlier I thought that the investment portfolio should be diversified. Now I changed my opinion. Sometimes you need to hold only Bitcoin.
It is the choice of individuals in investing. people say diversify investment will be better because they think that if you use many/varies investment you have will provide greater benefits. whereas only by investing on one coin can be more profitable and can be safer right?

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September 12, 2018, 05:39:53 AM
 #214

- dont overtrade.
- learn your way on ta.
- define the entry price.
- if that was not good, learn from it.
- be sure what is enough for you.
- define the exit price.
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September 12, 2018, 03:09:35 PM
 #215

In my opinion this is helpful. I agree with all ten mistakes in crypto trading.This is very interesting and important point.

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September 12, 2018, 03:45:45 PM
 #216

This is a reference for those who are new to investing and who have FUD syndrome. The market situation now you can not grasp what, today you will lost everything but tomorrow to shine for who holding are.

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September 12, 2018, 03:56:32 PM
 #217

I agree 'with what you mean, most are still panicking with decisions and most cannot control emotions and are always greedy. This will have an impact on the loss

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Cliparts
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September 12, 2018, 07:06:29 PM
 #218

thank you for the useful post, i gave also lost money at this pumping and dumping signal group in a telegram.they are useless and never join them.
You are right all of us should know about pumping and dumping of bitcoin if the price of bitcoin will be on increasing mode so it will be time for us to buy some coin for holding and if the price is getting high so then sell, for being a good trader we only need to have patience and never sell our coin at panic, it is very important to think without mind not with heart as emotions can make us suffer with lose.
Cryptokarl
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September 12, 2018, 08:20:32 PM
 #219

These are all good and helpful tips in my own opinion. Its good for both the newbies and the old traders also visit these rules from time to time to stay disciplined to these rules
ross14k
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September 13, 2018, 10:00:05 AM
 #220

Thx, it’s quite helpful. For now, I haven’t made significant mistakes, but it’s always interesting to learn more about possible risks. Actually, I think that there are even more mistakes that can be made in crypto trading. For example, that it isn’t wise use trading platform before you managed to make a research about it. Each newbie can simply read a review about exchange and then decide to use it or not. Simple process that helps in avoiding frauds. Moreover, there are user-friendly exchanges with understandable interface, which might be very useful for newbies. Personally I began trading with cex (https://cex.io/), so it wasn’t very hard for me. 
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