What are the usual mistakes that newbie traders usually do?

[omfg.xekcep]

There are a plenty of mistakes which newbies make but not respecting a money management system is seems to cause the most problem of trading. Whenever you start trading, do not forget about the money management. A feature of the money management system is that you can manage your risks and protect your own capital. If you are already inspired that the money management is everything you should know but it is not so. Trading is a very difficult kind of job so there are so much mistakes which traders make so you need to get your own experiences to understand the trading better.I would recommend you to start trading with a asmall amount of money because it is highly likelyhood that you will lose your money in a period of studying so this recommendation is useful not tobe catched in a mesh of lack of liquidity later.
At the first time you would better to choose one-two assets and try ti understand their movements. It is better to choose some of major coins because they are easier for trading.

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[Vlad2255]

when I was just beginning to trade, I often left the position violating my strategy. As a result, I had to re-educate myself and work with psychology in order to achieve the necessary patience.

[Ekenegbu123]

I have made a series of mistakes that have been detrimental to my trading career and I have learnt seriously from it. One of the mistakes were, I bought during the bull market and I thought that the price would continue to go high and when the market plummeted, it was a disaster but anyways, lessons learnt.

[Adrin]

Too much emotion is the main fact here. Lack of patience and greediness is also responsible for this. Besides over trade, very few practices, trade against the trend, hope for profit daily, can’t find the point when need to stop. Besides everybody needs to make his own strategy.  Lack of proper guidance and strategy is also a fact for a newbie.

[Zooplus]

Too much emotion is the main fact here. Lack of patience and greediness is also responsible for this. Besides over trade, very few practices, trade against the trend, hope for profit daily, can’t find the point when need to stop. Besides everybody needs to make his own strategy.  Lack of proper guidance and strategy is also a fact for a newbie.

I agree.Trading with emotions and even trade without basic preparations are the most common mistakes that newbies do.Because they believe that trading will be a means for a quick profit like others often said,so they do things in a rush that made them only lose in the end.Never thinking that trading also needs a deep understanding about its nature before taking into real trading.

[myrionhymn]

In my case as a newbie..
Well it's just my observation since I don't have much knowledge about trading.. On facebook, I'm just trying to search such groups about crypto & trying to join them. And that's my very first time.
I keep on asking there but nobody almost answers me.
Until I just keep on reading on the comments of those who are already knowledgeable on trading.. & their advises.
They always says, "It's good to buy this coin today while it's cheap".
And when the target value of this coin was reached, "Sell".
It means that, you have to Buy Low - Sell High to gain profit.
While other newbies mistaken to buy while it bullish & sell low that leads to loses.
So it must be a Buy Low - Sell High ✔
Not Buy High - Sell Low 🚫

[lunaelucemauram]

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?

The first mistake that newbie commit is there emotions in trading, they do not study how to handle and overcome their emotions in trading. Also they do panic selling/trading of there coins, because they do not study how to deal with the price in the market they also do not know how the volatile of the price works. Some of the newbies also do not know the buy low sell high. They just buy at any price and then they panic to make a profit so they panic sell/trade their coins. They also lack of knowledge that is why they commit a mistake.

[Nyak put]

the main mistake is a lack of patience. emotions in trade and a lot of greed 😁

[Herressy]

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?

The first mistake that newbie commit is there emotions in trading, they do not study how to handle and overcome their emotions in trading. Also they do panic selling/trading of there coins, because they do not study how to deal with the price in the market they also do not know how the volatile of the price works. Some of the newbies also do not know the buy low sell high. They just buy at any price and then they panic to make a profit so they panic sell/trade their coins. They also lack of knowledge that is why they commit a mistake.

And as a usual thing this is what they have to learn for here in crypto trading cause you might never have to know this easily what are the best option that you must to take for. Everything here are been learned by own experience that you may encounter for.

[mornabo]

I believe the usual mistakes is to buy high and sell low. This happens because of lack of experience and panic.

Yeah that is a common problem that happens to newbies, because they lack experience, because when prices go down very deeply
they are confused about what they have to do, let alone they are easy to panic, of course it will be very easy they do cutlose at that time

[zeaderza]

It is in no hurry and does not check the purse thoroughly before the transaction, thus making it easy for us to lose money if we do not check carefully and always rush to not sell at a reasonable price.

It is often advised from experts about this selling scenario that it is even much harder and sensitive time against buying. In buying you are only following the prices and nothing is on stake right now. You only must gather some money and get into something. But as far as seeing is concerned, you are mostly on stake as your investment is on high risk. So, take it seriously.

[robotrobert]

Biggest mistakes are being too greedy, getting ito projects on fomo without any research and selling with a loss.

There are many things that come before greed and among them not choosing a good coin is one of the big mistake newbies do in the market. One has to be well versed about the coins before investing money. Do not go after the popularity or what you see on the social media. Just do your own research and check out the projects on the back of the crypto currencies you have chosen for the crypto evaluation. It is better to be careful in the start than to regret in the end.

[malah]

mistakes often made by newbies may be that they cannot control emotions so they will panic when prices go down and sell coins when prices are low or sometimes they buy when prices are high

[coffigayo]

I think beginners must learn to think critically in order to bring different perspectives to the community, not always the most fun. The most common mistakes beginners make are mistakes, psychology. How trivial it is not heard. If we want to be professional and live only by trade, forget about the fear, greed, enthusiasm and hope of each case.

[Xising]

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 one of the biggest mistakes that people do, especially those newbies in the trading market is that they might do things without planning or studying. I have seen so many new traders try to "wing" it instead of actually checking on the background of their trades and the assets they are going after. Either they panic sell or buy stuff, which in turn, would not make a good investment. It's just so bad to, especially during this time because of the status of the market being mostly in the dire position. I think every move should be made with ample studying to be able to make sure that it may at least turn out good.

[trako]

the right time and the right moves. This is really important. Sometimes they are impatient. Sometimes more insistent. It is not always a smart job to hurry to sell. if you think it will lose value, sell it quickly. This is an important balance.
it is necessary to know the markets well in order to establish this balance.
novice people are hasty. and he wants to make money soon. I think this is the biggest problem.

[NewRanger]

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 one of the biggest mistakes that people do, especially those newbies in the trading market is that they might do things without planning or studying. I have seen so many new traders try to "wing" it instead of actually checking on the background of their trades and the assets they are going after. Either they panic sell or buy stuff, which in turn, would not make a good investment. It's just so bad to, especially during this time because of the status of the market being mostly in the dire position. I think every move should be made with ample studying to be able to make sure that it may at least turn out good.

they just following other people investing in crypto.but they are prepare their self with good skills and mental , psychology.so while market crash , they dont know what should they do about thei asset.

[genset88]

These are the mistakes I have experienced:
- Always believe in news without verifying
- Panic selling
- Buying coin when its prices are rising very fast, and after a short time, they return to their original value ( yeah, I regret buying XRP and TRON when their price is high   )
- Too greedy

[bitvalak]

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?

the most important mistake is panic when prices go down, and in a hurry when prices go up. They are weak in controlling their emotions. This is why emotional management is very important for novice traders in addition to risk management

[inesterdd]

Fuss and Greed are symy sworn enemies for new traders. If you make a mistake, think about it, do not jump into the leaving train, nothing good will come of it.