What are the usual mistakes that newbie traders usually do?

[BaraxLo]

Since I myself can call myself a newbie, I can say that one of the mistakes is ignoring such a function as stop loss. Another important mistake is to listen to an analyst from the Internet and do everything as he said. In this area it is very important to constantly learn and think with your head.

New bees do not know what practical experience really is, even if they have knowledge and are well aware of rules and procedure they will get more than their first knowledge after first experience. I suggest them to avoid starting with precious coins in the beginning so as if the first experience is loss then it will not be a huge loss.

On the other hand if you start with less valuable coins then you will have a great experience of it even if it is loss then it will be understandable and you will learn from your mistakes.

[YoungMaster]

The mistake that newbie usually do is buy not at the right time, they tend to be FOMO rather than analyzing it first. Most of them buy when the market is green.
I've seen my friends did that and maybe I also did.

[batusangkar87]

Buying the top and selling the low has always been tge newbie nightmare! It will take some time before you begin to get how to avoid this terrible mistake. The most important attribute that a newbie should have is persistent, just keep at it and everything will be fine

[patispace]

I do not believe in the existence of "newbie traders". There may be aspiring traders, but to deserve the title of "trader" it is not enough to invest some money and operate a trading platform with the hope that a stroke of luck will make us millionaires. That usually does not happen in real life, and perhaps the biggest mistake a newbie can make is to invest their capital without having a real knowledge of what this business means.

[cfif123]

Surely the mistakes that often occur by novice traders panic when the market goes down, so most of them sell coins at a low price which causes huge losses. so if my advice is for a beginner trader if the market is experiencing a decline it is better to be patient waiting for the market to stabilize

[Mahanton]

Mistake are inevitable thing even professional ones do commit mistakes but lets talk about the common newbie traders mistakes.First is panic selling, they are easily got shaken when there are fuds or shills on the project.When they saw price is declining then they do easily reacts and thinking up that they should protect their investment on cutting loss. Panic sell is common but there are actually some advantages of it but most of the time this thing shouldn't really be done easily.

[wayancrypto]

When firstly i make trade crypto on poloniex exchange a few years ago , i did not use stop loss because i did not understand how that is work. That why i loss money when first jump in to crypto trading. So i think many newbie trader did the same mistake just like me.

[apityeh71]

In my opinion many newbies trader doing this mistake, that is greedy and does not have risk management.  Newbie trader should be learn more about trading strategy and risk management to the expert to make good money and to minimize risk.

[Nahl]

I think from the research I did from a number of people I saw new people around me many new people or these new traders got losses because they could not control their patience and they sold coins at very cheap prices and that was a loss because they bought it when prices are expensive, they are panicked and cannot control their patience, and 90% of the 100 people I research, mistakes are often made by new traders who do not know how to trade properly and correctly.

This was already mentioned by people at here that most of beginners mistakes is they will always be the victim of FOMO which mean they will buy high and sold at cheap price and sometimes this cause also can makes newbie quit to trading because they fear to buy again

[Savemore]

I think from the research I did from a number of people I saw new people around me many new people or these new traders got losses because they could not control their patience and they sold coins at very cheap prices and that was a loss because they bought it when prices are expensive, they are panicked and cannot control their patience, and 90% of the 100 people I research, mistakes are often made by new traders who do not know how to trade properly and correctly.

This was already mentioned by people at here that most of beginners mistakes is they will always be the victim of FOMO which mean they will buy high and sold at cheap price and sometimes this cause also can makes newbie quit to trading because they fear to buy again

Exactly, the usual mistakes of the newbies are they do not know when is the right time to buy and sell coins. If they experience loss, they will feel disappointment and it can really make quit in trading of cryptocurrencies.

[amoredore]

The mistakes I remember I did was selling too early when the price falls (fear of losing) and selling too late when the price shoots (greed). Also the lack of strategy.

[ufaiz50]

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?

From what I know, many newbie traders buy coins because they attract or like that coins, they don't even have the analysis and strategy why they buy coins, they don't read or understand information about crypto. Then another mistake made was easy to panic and make decisions too quickly, including me also sometimes making these mistakes and some people who might have been trading crypto for a long time.

[Tyoks]

In my opinion many newbies trader doing this mistake, that is greedy and does not have risk management.  Newbie trader should be learn more about trading strategy and risk management to the expert to make good money and to minimize risk.

it must be explained more clearly about risk management. I better suggest communication between traders because psychologically they will be more helpful. Here no matter how much time is spent, it shouldn't be a problem for novice traders because the most important thing for them is the formation of a mentality that is good for all market conditions, I'm sure they don't think about it in a practical way.

[kidoseagle0312]

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 usual things were most of the newbies did was they became greed and easily get controlled by their emotions, so the result in the end was loss of of their coins. They always in hurry to get big profit here although there is no shortcut in here. Everything need to work hard for a moment while we are in stage of learning first.

[strunberg]

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 usual things were most of the newbies did was they became greed and easily get controlled by their emotions, so the result in the end was loss of of their coins. They always in hurry to get big profit here although there is no shortcut in here. Everything need to work hard for a moment while we are in stage of learning first.

newbie thinking it is easy to get profit from cryptocurrency.just imagin that the market will moved like 2017 did.but in fact this market so savage and make them suffering loss.

[harleymasters]

My biggest mistake when participating in the cryptocurrency market is hasty. When I thought it was the hardest bottom and I always made my capital quick to buy at that time. I found that it always discounted prices later. My experience shows that: "the money of this world is moving from impatient to someone with patience"

[BeGoods]

usually what happens to many people trading is they are always easily affected by the conditions or news stories on the internet and they are easy to panic, and the worst is that they cannot control the patience they have so they often get losses because they often do that mistake.

Beginners are usually still vulnerable to conditions that occur in the market. They still do not have strong guidelines that they must hold to deal with all possible situations. It will take time so that beginners can reach a more stable level.

They don't have a strong stance. when they want to hold back but the market conditions panic. they will follow the panic.
that's a small example. they must begin to believe in themselves and discipline in the plans they make

[Cpt. Africa]

1 Overtrading during intraday. 2 Following other traders strategies which are not backtested.3 Not putting necessary stop-loss to avoid capital.4 Believe blindly on tips providers and lose their hard earned money.

[Sum24]

In my opinion many newbies trader doing this mistake, that is greedy and does not have risk management.  Newbie trader should be learn more about trading strategy and risk management to the expert to make good money and to minimize risk.

Risk is part of life and all new and old traders should know this as a good trader I must suggest them to keep holding and not to sell if the price in market is not good. In New business you will have to be more careful than an old one.  Try to learn about trading as much as ti can and after that you can get in trading at first they should go for long term trading.

[SlimShadyMmp]

Trading with FOMO and Emotions Not using analysis very often You have to get the mentality that you are going to make more gains and eventually learn Is not bad at all to lose it normally happpens but watch the whole thing and learn form your mistake