market field
Newbie
 Offline
Activity: 178
Merit: 0
|
 |
July 26, 2018, 11:30:19 PM |
|
I have been through a new beginning so I know this feeling. New entrants often fear when the market goes down. They have no knowledge so their patience is not there. When the market goes down a certain level they do not have the patience to wait, they will sell the hole what they are.
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
Shenzou
|
|
July 26, 2018, 11:48:34 PM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Probably one of the biggest mistakes that new traders do is flow what they see on the net, if they see somone saying that this coin is good and you should invest in it they belive them and that go put their money on it and they end up losing it, because they invest all of their cap thinking that they will be profiting from it, so if you ate new don't do litterly what people say and don't invest all of your money into one coin or one token. |
|
|
|
|
|
SandraStark
|
|
July 26, 2018, 11:57:08 PM |
|
Most likely, trading without a normal trading strategy is the most common mistake traders make. But the main mistake, as for me, is psychology. How trivial it does not sound. If you want to become a professional and live only with trade, forget about fear, greed, passion and hope. n any case, everyone learns from their mistakes. But after all, one who is intelligent can learn from other people's mistakes, of which there are a lot written. Therefore, "NOT studying" - this is the biggest mistake of newcomers)
|
|
|
|
|
Intensity13.6
Newbie
Offline
Activity: 70
Merit: 0
|
|
July 27, 2018, 01:24:14 AM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Selling immediately their coins even in a small profit. It means that there is no knowledge in doing trading that's why they buy coins that has no potential to grow then sell at a lower price abd the result is lost. |
|
|
|
|
ballerin and giroud
Member
Offline
Activity: 868
Merit: 16
|
|
July 27, 2018, 04:15:30 AM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
When I was newbie trading is a place to spend money. Day trading that I do always lead to losses, I have a weak mentality at that time. I always thought bitcoin prices would always go up so I did not think long for a good time when buying bitcoin, the first factor mistake I've experienced. Then when the price drop occurs I never sell because I always hope a few minutes later bitcoin prices will go up but it's just this empty hope is the second stupid reason I've done. |
|
|
|
|
Amanda Green
Newbie
Offline
Activity: 28
Merit: 0
|
|
July 27, 2018, 04:30:05 AM |
|
The biggest mistake is to relay too much on one single asset. Everything could happen, therefore, the smartest way to invest in digital assets is to build a well-diversified portfolio based on your risk preference and investment goals. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising tokens. I have found a trustworthy project. It is called Socratus. It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem.
|
|
|
|
|
KXC247
Jr. Member
Offline
Activity: 294
Merit: 1
|
|
July 27, 2018, 07:06:50 AM |
|
Some of the most newbie mistakes they make when they start trading are
They tend to be greedy
They fail to book profits when their investments makes profit
They always want to over trade. A professional trader wait for the right moment and trade
These are some mistakes that they make
|
|
|
|
|
JohnWick_Bitcoin
Member
Offline
Activity: 308
Merit: 10
|
|
July 27, 2018, 10:43:48 AM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Most of the newbie traders are selling and investing based on their emotions and that is the reason why they are losing a huge amount of their investments every time the market price is dumping. |
|
|
|
|
Kemarit
Legendary
Offline
Activity: 3080
Merit: 1353
|
|
July 27, 2018, 12:18:34 PM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Personally, I got my hands dirty early so I got burned easily. Meaning, I should have study how the market works and understand some graphs or basic TA, but everyone makes mistakes even the best of them so I didn't get discouraged but continue to trading journey. And just remember that its a continues process, no one become experts overnight. And what others have said, throw your emotions out of the windows and based everything on logic, because once your emotions take the better of you, your decision will be clouded and it will be a expensive lessons to learn. |
|
|
|
paulo013
Member
Offline
Activity: 195
Merit: 10
|
|
July 27, 2018, 12:52:35 PM |
|
I had a mistake buying called "shitcoin" Then i dont read or study about a certain coin that i have invested so after holding it for a long time i do not earn, Instead i loose my money i lot.
|
|
|
|
|
Nasty23
Full Member
Offline
Activity: 736
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
|
|
July 27, 2018, 01:18:21 PM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Most of the newbie traders are selling and investing based on their emotions and that is the reason why they are losing a huge amount of their investments every time the market price is dumping. Yes most of the newbies are depending on their emotions on which is should not because we should be always identify first and study our investment that we are wanted to go so that we have prepared for the possible risk and make an strategy to overcome it and earn a huge amount of profit in the future. Trading is changing anytime and our emotions are become affected but we should not depend on that because their is an better opportunity that awaits us in the future if we hold it. |
|
|
|
tuanphuong666
Newbie
Offline
Activity: 154
Merit: 0
|
|
July 27, 2018, 02:48:02 PM |
|
my opinion. The mistake of a new trader is often lack of patience. Greed wants to make a lot of profits but they can not understand that greed is sometimes the knife that kills them. Another mistake that newcomers get is fomo. Some of them are also cheated because trading signals are generated from irresponsible parties, leading to new traders getting trapped and losing money.
|
|
|
|
|
|
Thirdspace
|
|
July 27, 2018, 04:46:29 PM |
|
as a trader... mostly greed. remember your position as trader is to make profit as often as possible, not as big as possible a good trader should sell his coin at targeted % gain for realized profit however due to greediness, most will keep holding and hoping for bigger profit and then ended up misses the chance to realize his profit when the market drops back down  |
|
|
|
|
hanlap
|
|
July 27, 2018, 05:18:59 PM |
|
as a trader... mostly greed. remember your position as trader is to make profit as often as possible, not as big as possible a good trader should sell his coin at targeted % gain for realized profit however due to greediness, most will keep holding and hoping for bigger profit and then ended up misses the chance to realize his profit when the market drops back down You usually bet all your money according to the coin you like or by chance, you can not figure out what coin can develop and how strategic like big investors. This is a common mistake of beginners . |
|
|
|
|
Nisharawal
Member
Offline
Activity: 336
Merit: 11
I am no stable coin. to the mooonn.. and back
|
|
July 27, 2018, 07:00:01 PM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Newbies usually make tons of mistake during the starting days of trading and because of this mistakes mostly lose their trading capital within a few months of trading or even within few days of trading. I think the major mistake the newbies make is not using the stop loss in their trades and not following any kind of trade plan while taking their trades, and If they correct and focus on these two mistakes then they can easily become a pro trader. |
|
|
|
Hatuferu
Legendary
Offline
Activity: 1092
Merit: 1000
https://trueflip.io/
|
|
July 27, 2018, 07:08:40 PM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
Newbies usually make tons of mistake during the starting days of trading and because of this mistakes mostly lose their trading capital within a few months of trading or even within few days of trading. I think the major mistake the newbies make is not using the stop loss in their trades and not following any kind of trade plan while taking their trades, and If they correct and focus on these two mistakes then they can easily become a pro trader. I agree.Newbies are more on emotional traders rather than trading for profits.They start trading right away without even considering the condition of the market.And so they lose immediately their funds.I suggest newbies should have to go through series of studies before they jump into real trading so as to minimize and avoid huge losses. |
|
|
|
Lagrood
Newbie
Offline
Activity: 728
Merit: 0
|
|
July 27, 2018, 07:22:14 PM |
|
Trading is a special kind of business which is very difficult as we know. Keep in mind that not every person can be a businessman as well as not every person can be a trader. A bit easier is to be an investor so would recommend any novice to start a career as an investor. What about mistakes, there are a lot of mistakes which you might do because even professional traders make mistakes from time to time. First of all what you have to understand that respecting a money management is a key to a success. Begin trading with a small amount to lose less money at the start of your career.
|
|
|
|
|
|
Ailmand
|
|
July 27, 2018, 08:52:10 PM |
|
As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
I think the usual mistakes that newbie traders do is not knowing which coin to follow through. They often go after those coins that cheap in value without really looking at its background and checking on the statistics of its movements. I say that because it's easy to set one's sights on cheap coins because they are easy to buy, but if they won't give you any gains, then most likely, even if they were bought cheap, it would be in vain investing in them. Another common mistake is panic-doing things, either it's panic selling or panic buying, many beginners don't consider and study their moves very closely before doing it, because of that, they are left with bad and failing investments. |
|
|
|
incomefromcoins
Jr. Member
Offline
Activity: 336
Merit: 1
|
|
July 27, 2018, 11:40:25 PM |
|
Newbie traders usually buy at massive pump and gets panic and sell at market crash they should understand when to enter the market
|
|
|
|
|
icecube45
Legendary
Offline
Activity: 1218
Merit: 1000
|
|
July 28, 2018, 04:39:21 AM |
|
There are many mistakes made by newbie traders, this is reasonable because newbie traders still can not understand the trade. The mistakes that newbie traders often make in my opinion are emotions, messy risk management, and no trading plans. It is not easy for newbie traders to be able to control emotions when prices are very volatile, so many newbie traders who make mistakes so get a loss. Lack of risk management and not having a trade plan also causes newbie traders to lose, both of these factors play a major role in avoiding huge losses.
|
|
|
|
|
|
