hyadumadha (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 13, 2018, 06:26:12 AM |
|
In order to be a successful trader in the cryptocurrency market, traders should equip themselves by studying the existing methods of analysis, both fundamental and technical analysis. Learning and applying these methods will greatly help traders to predict the direction of movement of a token. Even so, there are still many traders in the global market who may already have good knowledge about analytical methods but still not easy to get profits in the cryptocurrency market. There are still many who are affected by news, rumors and fluctuations in the movement of the price of tokens or coins which are sometimes full of traps. As a result, they become distrustful of the analysis that they have built themselves or also they become impatient waiting for the momentum (either selling or buying) which is best to appear, if such is the loss that is unavoidable.
Traders good ability about fundamental and technical analysis will be in vain if the traders are not able to manage their psychological emotions as well. So this time let me write about some psychological mistake of traders that might be useful for you in this forum.
1. Being Stubborn To Keep Using the Loser Method The loser method is a method that may be true but this method is not in suitable with the psychological character conditions that cause traders to experience losses. And strangely, many traders find it difficult to change their habits in trading, they are often trapped in the same and repetitive patterns of thinking. It could be because they do not know how to use the method especially because of laziness to read and add insight about trading.
2. Trade based on feeling Still related to the first mistake, this second mistake was caused also by the unwillingness of traders to study analytical methods, especially technical analysis is the main cause of traders of the type like that to continue to trade only by using feeling. In fact, trading without using scientific analysis is the same as gambling.
3. Trading only because of the influence of friends. Get used to receiving advice from friends, the losses that will be experienced not only financially but also the most detrimental is not getting the knowledge of how to make the right investment. This is experienced by many beginners who usually do not yet have a solid knowledge and understanding, therefore, this is typically used by scammers to make a profit. Only enough with sweet promises of the luxury that can be gained if they enter the investment and finally blop, loss all the asset. Incidentally, traders like this are still dominant in the cryptocurrency market, considering crypto itself is a new thing in this trading world.
4. Buying when prices move up (Buy High To Sell Higher) When the Token price moves up, many traders think that the price will continue to moving up, even though there is a greater risk for the price to fall. Psychologically, this happens because there are excessive expectations from traders that prices will continue to rise, especially supported by a general theory known as "buy high sell higher". This theory is not entirely wrong, but it is good to be used by those who are experienced and have a good foundation of technical knowledge, not the other way around. The psychological tendency from the basic thinking of the traders is because of fear of being left behind by the "train". When the price of coins rises, traders like this think as if prices will continue to move up, not realizing that they are late to enter. This buy high sell higher theory can be used safely if it is supported by adequate knowledge of technical support and resistance theories. A simple understanding of this theory is that if the price of the token rises through the resistance level, then the token is still worth buying, and vice versa, if the price drops through the support level, immediately sell the token.
5. Mistakes in Predicting Trends Mistakes in predicting trends include mistakes that traders do when they want to make long-term investments. One predicts the trend of movement of a commodity is also a fundamental mistake of individual investors in investing. Mistakes in predicting this trend are aimed more at investors' mistakes when they want to invest in the long term. This usually occurs because of the excessive reactive attitude of investors towards the movement / fluctuations in the price of tokens in the short term. Often when a token is moved quickly, both moved up and down in the short term, investors immediately draw the conclusion that the short-term movement will represent its long-term trend. In some cases, the consequences of this error do not infrequently cause traders to experience substantial losses because the token price drops drastically and continues to stagnate at a low value and in a relatively long period. Even if there is a change in trend, the price of the token only rises slightly and does not return to the position when it was purchased.
6. Selling Too Fast Actions that can be said to be true in buying tokens are buying tokens that are fundamentally good when the token price is decreasing. But again because of a lack of understanding of fundamental and technical analysis, many traders who sell and sell are just a fear of losing, so when they have a little profit they rush to sell the token. The hasty conditions of selling these tokens usually occur in the type of short-term investor who is impatient to make a profit in a longer period of time.
7. Belief that Low-priced Token will provide greater profit margins. The first reason why many traders do this is their fear of analyzing high-priced tokens because according to them the price is not affordable anymore, therefore they only play in tokens that are low in value. But what needs to be known, cheap tokens are not necessarily cheap. It could be that after being analyzed fundamentally it turned out that the token was already expensive. From this kind of thinking, traders will have a narrow perspective, losing momentum when large capitalized tokens are moving up.
8. Believe in the Rumors There is a profound difference between Rumors and News. News is information that is officially issued by the relevant company or issuer. While the rumors essentially are information that is not clearly announced by whom, the truth of this information needs to be analyzed more deeply. One of the popular cases that the world will always remembers on how terrible the rumors are detrimental to a country was when Nathan de Rothschild immediately sold his shares in the British stock market in an attempt to spread rumors that Britain lost to France in the War of the Waterloo. But thanks to his agent who was able to provide information one day faster than the British government itself, Nathan made a scenario so that everyone in Britain was hit by panic and sold all of his shares at the time, and bought all the shares by Rothschild.
Well, that’s all from me, maybe some of you can add the other mistakes or maybe correct my opinions abovementioned?
|
|
|
|
zhekinsp
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 26, 2019, 05:08:49 PM |
|
So most of the mistake's root cause will be lack of knowledge and self confidence about crypto trading.If they are not sure about something then they should try to learn the things more as possible before doing it in the real life.Get more experience by trying simulators by applying all the learning strategies lot of them offer free for certain amount of level which is more good enough to learn the things.
|
|
|
|
BitHodler
Legendary
Offline
Activity: 1526
Merit: 1179
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 26, 2019, 06:11:11 PM |
|
2.No passion-some doesn't trade from their heart. What I mean is that they just trade without an effort and they don't treat it as a job.
It depends on each person individually, but treating trading as a job isn't the right thing to do if you're sitting at home. It's great if you're a seasoned trader working for a firm where you have a fixed income with additional bonuses. If you are trading from home it should be an additional income stream rather than your main income stream, especially with how you aren't guaranteed to make profit to begin with. No way that pressure isn't going to affect your trades negatively. It also increases the probability of taking unnecessary risks to gain back what you lost, which is a common mistake traders make.
|
BSV is not the real Bcash. Bcash is the real Bcash.
|
|
|
stomachgrowls
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 26, 2019, 07:20:26 PM |
|
If I may add up there are also two psychological mistakes a trader have;
1.Unwillingness-this seems to be the usual problem. Lazily learning all the useful and informative materials. From basic to complicated infos. 2.No passion-some doesn't trade from their heart. What I mean is that they just trade without an effort and they don't treat it as a job.
Hope this serves as a mirror for each trader.
Expected for most people to do such thing yet it cant really be removed on someone on not to rush into things specially on making money and the initial mindset of most noobs when it comes to trading they do mind on making easy money with it thats why they do just simply jump into things or hurrying up to trade without even having that research or preparation which in result of a loss and learning will vary if a certain noob trader would make it as a stepping stone or just simply ignore those mistakes and continue on doing things.These kind of mindsets should really be removed on someone if they do like to succeed on trading field.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
leowonderful
Legendary
Offline
Activity: 1624
Merit: 1129
Bitcoin FTW!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 26, 2019, 10:17:48 PM |
|
An extension of trading based on your emotions is trying to chase losses which a lot of traders end up doing, even more experienced traders sometimes. It's sometimes hard to accept losses, especially if you've risked and lost more than you initially planned through something like a fault in calculations, but cutting losses is an extremely important part of trading and something you should learn quickly. Things could always be worse, but be glad they aren't.
Before you even enter a trade, determine where you're closing a trade and where your stop is located and only change things when market conditions significantly change or when your initial technical analysis is invalidated (you should close in this case). This should help with closing too early or too late; I highly suggest using stops if they're offered on the exchange of your choosing.
|
|
|
|
DeathProxy
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 756
Merit: 251
World's First Crowd Owned Cryptocurrency Exchange
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 07:22:26 AM |
|
One of the biggest physiological mistakes beginners traders make is that of buying when the price is already high, most are deceived by the pump they see and to their thought they think it will continue to have an upward trend forgetting the possibility of retrace in price and correction, they jump into an already pumped coin for the fear of missing out (FOMO) and at the end it does not always end well, because the coin will dump due to price retracement. Every beginner trader to try to avoid this physiological mistakes if they want to start up their trading activity on a good start
|
|
|
|
Savemore
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 08:18:04 AM |
|
An extension of trading based on your emotions is trying to chase losses which a lot of traders end up doing, even more experienced traders sometimes. It's sometimes hard to accept losses, especially if you've risked and lost more than you initially planned through something like a fault in calculations, but cutting losses is an extremely important part of trading and something you should learn quickly. Things could always be worse, but be glad they aren't.
Before you even enter a trade, determine where you're closing a trade and where your stop is located and only change things when market conditions significantly change or when your initial technical analysis is invalidated (you should close in this case). This should help with closing too early or too late; I highly suggest using stops if they're offered on the exchange of your choosing.
Discipline is the best way to control our emotions. Beginners traders doesn't have plan when they are trading and it is the reason why they are keep losing. They do not know when they will enter or exit in the market, there are also doing FOMO and it is a factor why their portfolio is red. If they have plan where they have discipline to follow it, they can improve their trading skills and strategies.
|
|
|
|
drlukacs
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 854
Merit: 253
l0tt0.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 08:30:35 AM |
|
Yes, these are the things that often lead to the failure of a new trader. I like a ratio like this about the success of traders, which is 25% of knowledge, 25% of risk management, 25% of psychology, the remaining 25% is flexibility. When we are good at knowledge, our win rate is only 25%. That means that to become a true and successful trader, that trader must have a combination of the four elements on smoothly, at least more than 3-5 years. The average figure showed that Americans in the first 3 years of trading in the foreign exchange market lost over 15 thousand dollars. Therefore, we need to persevere in practice and maintain our position to learn more. and nobody else then Mr. The new market is your best teacher.
|
| | . WHIRLWIND | | | █▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█ █ ▄▄▄██▀▀▀▀▀▄▄ █ █ ▄▄██▀▀▄▄▀▀▀▀▀▄▄▄ █A █ ▄██▀▄██▀▄▀▀▀ ▄▄ ▄▄▄▄ █ █ ███ ██▀▄▀ ▄▄▀▄▄ ▀█▄ █ █ ███ ███ █ ▀▄ █▄ ██ █ █ ███ ███ █ █ ██ ██ █ █ ███ ███ █ ▄▀ █▀ ██ █ █ ███ ██▄▀▄ ▀▀▄▀▀ ▄█▀ █ █ ▀██▄▀██▄▀▄▄▄ ▀▀ ▀▀▀▀ █ █ ▀▀██▄▄▀▀▄▄▄▄▄▀▀▀ █ █ ▀▀▀██▄▄▄▄▄▀▀ █ █▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█ | | | . No Fee Ultimate Privacy | | | | . ANONYMITY MINING CAMPAIGN | | | | | | . MIX NOW | | | | |
|
|
|
AniviaBtc
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1120
Merit: 272
First 100% Liquid Stablecoin Backed by Gold
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 10:26:01 AM |
|
So most of the mistake's root cause will be lack of knowledge and self confidence about crypto trading.If they are not sure about something then they should try to learn the things more as possible before doing it in the real life.Get more experience by trying simulators by applying all the learning strategies lot of them offer free for certain amount of level which is more good enough to learn the things.
What do you expect from the beginners? They aren't experienced as us professional traders. Let's help them and give them strategies or tips for them to enhance their trading skills. Maybe they are too young for trading but let's give and contribute in what we can share to them. Simulators aren't enough when you don't perform it practically. You should also try to trade at a minimum amount upto maximum amount that you can if you able to adapt on what js happening inside the market.
|
|
|
|
Cherylstar86
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 12:33:31 PM |
|
An extension of trading based on your emotions is trying to chase losses which a lot of traders end up doing, even more experienced traders sometimes. It's sometimes hard to accept losses, especially if you've risked and lost more than you initially planned through something like a fault in calculations, but cutting losses is an extremely important part of trading and something you should learn quickly. Things could always be worse, but be glad they aren't.
Before you even enter a trade, determine where you're closing a trade and where your stop is located and only change things when market conditions significantly change or when your initial technical analysis is invalidated (you should close in this case). This should help with closing too early or too late; I highly suggest using stops if they're offered on the exchange of your choosing.
Discipline is the best way to control our emotions. Beginners traders doesn't have plan when they are trading and it is the reason why they are keep losing. They do not know when they will enter or exit in the market, there are also doing FOMO and it is a factor why their portfolio is red. If they have plan where they have discipline to follow it, they can improve their trading skills and strategies. It's easy to say to other users that the best way to control our emotions is discipline but it's not east when we in actual situation. Well, base on my own experience when I was a beginner I have a lot of mistakes even I try to ask by those have a lot of experience than me but in the end my decision should be grant in which just the same by those users that needs experience rather than by asking others.
|
|
|
|
Yaunfitda
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 12:45:51 PM |
|
I guess it really shows that crypto is not for everyone. Because if you have that mentality that you will always win here, then you are wrong.
There are a lot of psychological mistakes like what the OP has posted. And it's really hard to overcome it specially if you're a beginner here and if you have that mindset that you can get rich quick here. Just look any other 'job', you really need to have a strong mentality and should always gets up and think of it as a journey and not a marathon.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
Jating
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 01:20:15 PM |
|
An extension of trading based on your emotions is trying to chase losses which a lot of traders end up doing, even more experienced traders sometimes. It's sometimes hard to accept losses, especially if you've risked and lost more than you initially planned through something like a fault in calculations, but cutting losses is an extremely important part of trading and something you should learn quickly. Things could always be worse, but be glad they aren't.
Before you even enter a trade, determine where you're closing a trade and where your stop is located and only change things when market conditions significantly change or when your initial technical analysis is invalidated (you should close in this case). This should help with closing too early or too late; I highly suggest using stops if they're offered on the exchange of your choosing.
Discipline is the best way to control our emotions. Beginners traders doesn't have plan when they are trading and it is the reason why they are keep losing. They do not know when they will enter or exit in the market, there are also doing FOMO and it is a factor why their portfolio is red. If they have plan where they have discipline to follow it, they can improve their trading skills and strategies. It's easy to say to other users that the best way to control our emotions is discipline but it's not east when we in actual situation. Well, base on my own experience when I was a beginner I have a lot of mistakes even I try to ask by those have a lot of experience than me but in the end my decision should be grant in which just the same by those users that needs experience rather than by asking others. Exactly, when we're all beginners back in the days it's really hard to control our emotions and I admit that made this mistakes. But as I grow and gain so much experience, I've learn to really think logically before pushing the sell button. So for newbies out there, it will be really hard at times, but if you persevere and throw your emotions out of the window, sooner or later you won't be trading based on emotions and you don't know, maybe you could be one of the most successful traders here in cryptosphere.
|
|
|
|
aardvark15
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 02:24:07 PM |
|
I know that when I began trading Bitcoin, I made lots of mistakes. I would fomo buy at a high price and the panic sell when it dropped. It’s easy to fall into that mindset.
|
|
|
|
redsun114
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 04:13:53 PM |
|
There is one simple method available to eliminate all your mistake from your crypto trading; that must be holding. Yes, you never need to worry about all the problems associated with beginners and professional traders as well. You may simply buy and hold and sell after years to make considerably big profits out of zero efforts.
If you notice, all the hassles of trading are applicable only for short-term traders. When you decide to hold you are ignoring all those hassles but without compromising your profit levels yet in long duration.
Psychological mistakes are happening for all level of traders and getting rid of those mistake is not easier because it is happening even with professional traders so even after years of trading you get all the chances to commit those mistakes. But, simply adopting method of holding way of trading, you can solve all those mistakes.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Negotiation
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 04:28:06 PM |
|
Agree with you beginner trader losses using rumor you are right that "Fundamental and Technical" analysis are strongly working on trading but few time work money management and others news i thing new trader follow pumping group and signal. so nothing have idea Crypt trading so beginner are loses trading.
|
|
|
|
Serco
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 04:35:30 PM |
|
Agree with you beginner trader losses using rumor you are right that "Fundamental and Technical" analysis are strongly working on trading but few time work money management and others news i thing new trader follow pumping group and signal. so nothing have idea Crypt trading so beginner are loses trading.
pumping signal group useless for us. It give late signal and we have to understand this group setted for owner advantages, he buy coins and give signal to buy it. So ofcourse he will get profit when sell order fullfilled by his member. Its better to spend our time for usefull thing. And learning technical or fundamental anslisys will help us to survive in market without depend to signal from some one else.
|
|
|
|
Harlot
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 04:51:51 PM |
|
Well to sum this up losing in your trade without external factors won't happen if you just follow on your own and basically have your own trading plan which of course is being backed up by what you know in analyzing a chart. That's basically the newbies mistake right there they don't what to do so they just look up someone else's analysis for the crypto and follow it blindly without even doing a background research of their own.
|
|
|
|
FanEagle
Legendary
Offline
Activity: 2954
Merit: 1123
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 27, 2019, 07:27:17 PM |
|
Even as a newbie I never made the mistake you mentioned in number seven. I never for once though that tokens that are priced lower would bring more profit than those with higher price. Price is never what I consider, even if I don't have enough money to buy the coin in bulk (for example - buy one Bitcoin) I decide to to be buying it bit by bit until I have gotten what I need. And since I started investing in cryptocurrency, Bitcoin has always been my main focus and the profit gotten from it is okay for me.
I have never been a person that is afraid of losing, since I already know that Bitcoin is legit and I can never wake up and hear stories like - Bitcoin disappeared. The only thing is that I have to invest an amount that I can afford to risk and that's it. So my advice to newbies (since I know that anyone who is starting is likely to experience these things that have been mentioned), is that they should always trade or invest what they can afford to risk.
|
|
|
|
Negotiation
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 28, 2019, 02:44:58 AM |
|
Agree with you beginner trader losses using rumor you are right that "Fundamental and Technical" analysis are strongly working on trading but few time work money management and others news i thing new trader follow pumping group and signal. so nothing have idea Crypt trading so beginner are loses trading.
pumping signal group useless for us. It give late signal and we have to understand this group setted for owner advantages, he buy coins and give signal to buy it. So ofcourse he will get profit when sell order fullfilled by his member. Its better to spend our time for usefull thing. And learning technical or fundamental anslisys will help us to survive in market without depend to signal from some one else. Exactly saying to same think problem when we are fulfill depend on signals or pumping all group are all prediction are not correct so we said that using pumping group and signal are not every time to not safe for trading. i think need learning first and use signals.
|
|
|
|
Triffin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 30, 2019, 08:21:17 PM |
|
I know that when I began trading Bitcoin, I made lots of mistakes. I would fomo buy at a high price and the panic sell when it dropped. It’s easy to fall into that mindset.
The main reason behind this behavior is lack of knowledge. A bitcoin trader needs to hold understanding of two subjects; his asset which is bitcoin and his profession which is trading. Listening to others can be informative but following them in order to make decisions is not a wise act. After knowledge, perseverance and courage are essential traits to gain. In the beginning, a demo account must be used too.
|
|
|
|
|