What are the usual mistakes that newbie traders usually do?

[maninas]

in my opinion mistakes that are often made by beginners are problems with their mentality and are also easily affected by others
mentality from beginners is usually very vulnerable, sometimes they see a new chart that drops by a percentage of their purchase price makes them panic quickly and wants to cut fast quickly.
easily influenced by other people is also one of the beginner's habits, they are easy to believe what people say without analyzing the info themselves which will cause losses and can also benefit because they are merely "lucky"

[yanesna3]

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

I think the most serious mistake that the newbie can do is to buy shitcoins. He can simply invest the money in a token which will follow in price soon or even vanish.

[Thanasis]

Actually most of the newbie traders start with the mindset they can earn lot in very quick time but when they keep losing for a while they will give up trading.Buying the coins in the loan money and planned to pay debts with the earnings which is also big mistake made by many.

[marsmyname]

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

Another problem I think they make is the absence of the term plan and hence the double mindedness and inability to decide to invest in the right coin and this is just because of the lack of knowledge and information about the crypto currency. Normally except few, almost all the newbies loose money in the start but with the passage of time when you gain experience. Crypto analysis that is choosing one coin among many is also important for newbies before investing.

[swscowods]

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

If you carry out the survey, then the most common reasons of failure and loss of money when it comes to that of the investing of the money into any of the crypto currencies are none other than that of the lack of the knowledge and getting panic and then losing your patience as this then results in making such stupid decisions for which we regret later on.

[Amber73McCoy]

The crypto market is still a nascent market and some technical analysis will be ineffective for the market. The fact is that the crypto market is quite unpredictable, unexpectedly altered and easily priced by special sharks for small trading volumes, which makes it more technical in technical analysis. Traditional markets are ineffective.

The problem is that many traders try to make the charts more complicated by using multiple types of indicators, which draw many different types of lines. I do not object to this if this works for you, but most investors use too many types of indicators often miss the opportunity when the market fluctuates, while you spend too It's time to use a variety of indicators and different lines. There are many factors to decide on the order, not just basic analysis. You only need to know basic information such as trend line, support resistance, volatility of trading volume and some price models basic.

[YinShuiSiYuan]

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

Newbie mistakes resulting from a small experience with trading. They react very emotionally to market situations. Fake news, FOMO have a very negative impact on their decisions. They often make purchases without research, so they buy shitcoins, which are hard to get rid of afterwards.

[badjoke]

they joins free signal groups . after 3 success signals they trust it and then they fail so hard

[ubeng07]

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

Newbie mistakes resulting from a small experience with trading. They react very emotionally to market situations. Fake news, FOMO have a very negative impact on their decisions. They often make purchases without research, so they buy shitcoins, which are hard to get rid of afterwards.

well for newbie experience is a must but dont take this seriously always have the patience and be open minded for what are the possibility that can ever be here in tarding be patient as well.

[BitCoinTa|k]

Lack of satisfactory knowledge in crypto like what is basic concept of block chain, exchanges, etc.

[Wildwest]

Maybe when they want to buy coins in a market but they don't know how to buy cheap prices and then buy more expensive coins without waiting to buy a cheaper price. Or they can sell their coins directly without seeing market activity so that they sell them cheaply.

[kyle999]

Most newbie's are here in the forum to trade and lose their money because they have no experience and gambling.

[Marnihughes82]

A mistake in trading is also a lesson that helps us gain experience. Many mistakes to buy at high prices without waiting, or hurry to cut losses when prices are very low

[conected]

Actually most of the newbie traders start with the mindset they can earn lot in very quick time but when they keep losing for a while they will give up trading.Buying the coins in the loan money and planned to pay debts with the earnings which is also big mistake made by many.

- Yeah, because too many traders regularly post and show off their achievements, that makes the newbie often delusional about their abilities, thinking that they can do it or even more, and finally the truth is one thing that a newbie can never accept, a total failure. And of course, most newbie will give up when they face a huge defeat, not too many people have enough patience and confidence to come back, in short, acting with emotional thinking and having no certain knowledge is always a problem that newbie often fall into

[aquaking]

It was hasty and unyielding to the will and self-anticipation, many newcomers entered the cryptographic market but their predictions were good and accurate, but because they were not consistent they changed their minds. That leads to failure and regret

[abstractednerve]

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?

Unfortunately most beginner traders override the trading plan when starting stock trading. The reason is of course because they call themselves new people and are just trying to become bitcoin traders, even though the trading plan will be your handle in every stock transaction. If you don't have a trading plan you will tend to be undisciplined in the transaction.

[Tynovten_]

Excessive panic that make situation worst. Or even just want to buy when the price pump. But they don't know when the pump would end. As a beginner get that experience and make it as a guide.

[sulendra12]

Excessive panic that make situation worst. Or even just want to buy when the price pump. But they don't know when the pump would end. As a beginner get that experience and make it as a guide.

Although you might get profit when doing that. Like when you follow the pump train and invest your money on it, you would get quick profit from that event and many people do that to earn quick money if you have a chance to follow that train. Otherwise, it should be avoided ever.

[rubikz]

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

Same here. Experienced all those. When I was just new to crypto I panic everytime bitcoin goes down. I sold that time when I should have bought. Right now, trading TRON and so far only made a small profit. Mistakes can't be avoided when trading especially when you are new but with experience you get better at it.

[herurist]

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 mistakes is simple, not follow their own rules ( not disciplines ). Most newbie never set their stop loss and only think about take profit area, that's the main mistakes because everything should have limit. Second thing is they believe their strategy is perfect and no need to fix. Stop it fix your mindset and never give up to try.