This will help to improve your trading

[steve57]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

[1715255901]

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[1715255901]

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1715255901

[Coyster]

This are known facts that many have put into practice and yet still incurred loss, that is to say no strategy is the best, or a sure one
Your points aren't too bad per se, they are fairly OK for one who's new to trading and probably hasn't read any guides whatsoever.

I think your best point is money management,its very essential and can ultimately reduce potential loss

[randythered]

This is mostly common sense trading tips but that doesn't detract from the usefulness. Any trader needs to be mindful of all of these things and more at all times.

For new traders following this advice won't mean they'll be successful, for that they'll need a lot more skill and knowledge of the markets. But it will help limit their losses or maximize their profits and that's why it's worthwhile advice for all to follow.

[Dimon8]

The tips are good, but they are formed by personal experience under your character traits. There are no specific rules and principles, following which will be a 100% positive result. All people are different and everyone has a different perception and understanding of some events and movements in the market, which means that everyone should determine the rules and sequence of actions for a particular market situation for themselves.

[bit:boy]

thanks for sharing your experience this rules are valuable for newbies   

[charlotte04]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it

There are a lot of tips for trading but I doubt that I could follow them all. I have been trading for several years now and still I am not that profitable.

[Question123]

It is very uselful for the newbie. Because being newbie trader there is hard what they next to do what is need to do and don't as a trader.
It can get and maybe they use trader that someday and it can possible to become successful them because of this.

[I am insane]

Good points really helpful for newbies

[ramesh770]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it

There are a lot of tips for trading but I doubt that I could follow them all. I have been trading for several years now and still I am not that profitable.

You were been trading for several years and still making loss, then i think you should quit trading and invest in long term form so that atleast you can make profit in this way.

[mabugaaj]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it

Really good rules. Also think in percentages, not in $/BTC, it's easier to be more objective.

[Lazada]

The tips are good, but they are formed by personal experience under your character traits. There are no specific rules and principles, following which will be a 100% positive result. All people are different and everyone has a different perception and understanding of some events and movements in the market, which means that everyone should determine the rules and sequence of actions for a particular market situation for themselves.

Everything can happen and in the world of trading there are many unexpected things. even though we apply a formula that is so good, this is something that is always changing and a situation that is in fact sometimes different from what is expected. Speed in making decisions will determine whether we succeed or not.

[AnthonyMark]

this is a great sharing. thank you alot

[medicalmiracle]

This is mostly common sense trading tips but that doesn't detract from the usefulness. Any trader needs to be mindful of all of these things and more at all times.

For new traders following this advice won't mean they'll be successful, for that they'll need a lot more skill and knowledge of the markets. But it will help limit their losses or maximize their profits and that's why it's worthwhile advice for all to follow.

Well what matters the most is the mindset. There are people who are very good advisers but they have no history of profits in the crypto. It is also about the risk taking trait that helps make money.

[randythered]

This is mostly common sense trading tips but that doesn't detract from the usefulness. Any trader needs to be mindful of all of these things and more at all times.

For new traders following this advice won't mean they'll be successful, for that they'll need a lot more skill and knowledge of the markets. But it will help limit their losses or maximize their profits and that's why it's worthwhile advice for all to follow.

Well what matters the most is the mindset. There are people who are very good advisers but they have no history of profits in the crypto. It is also about the risk taking trait that helps make money.

People who understand risks are going to be far more profitable than people who take risks. If you examine risk and all of the factors of a decision, the actual risk you're taking on is much less because it is calculated. If you do not understand the risk you're taking on then you're just a gambler.

[Finestream]

This is mostly common sense trading tips but that doesn't detract from the usefulness. Any trader needs to be mindful of all of these things and more at all times.

For new traders following this advice won't mean they'll be successful, for that they'll need a lot more skill and knowledge of the markets. But it will help limit their losses or maximize their profits and that's why it's worthwhile advice for all to follow.

Well what matters the most is the mindset. There are people who are very good advisers but they have no history of profits in the crypto. It is also about the risk taking trait that helps make money.

Right.I agree.And they say most of the time the best advisers are the ones who never excell on their own field.Trading is a continuous learning so you need to cope up with the latest strategies and skills so you will still end up making profits in such a volatile market.And the most important is have no fear.Learn to take risks because those people who are brave enough are the ones who make huge profits at the end of the day.

[Lighthouze]

Like it's often said, there's no single strategy that's best fit.

Stick to your approach and make adjustments where necessary after evaluations.

Trading is a risk, take calculated risks and be willing to take the outcomes as they come; good or bad.

[oh brame]

money management is the first we have to learn before trading this is what i'm thinking
useful post mate

[Julunguul]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

Even in those points it is something that is usually done by traders, even for those who are experts because after all in this trading people have different risk preferences. And when they lose, they also try to recover these assets, the calculation of asset management remains the most important, because without management and analysis, trading is no different than gambling

[adzino]

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

And here is your first mistake. You must care about your money. If you don't care about your investment, you will end up doing reckless trading. At least, if you care, you will be thinking more than twice when executing any trade. You won't be repeating the same mistakes. You will be more careful about how you are managing your trade. It won't reduce your confidence, you will just have more intuition which might save you from something more disastrous.

[syamster]

money management is the first we have to learn before trading this is what i'm thinking
useful post mate

Useful point you mentioned mate same as you I think that before going to trade one should arrange money that how much he has to trade. Before starting to trade you should spare some money for your daily needs so that at the time of need you will not have to trade your coin at red. Hold and go for long term trading always.

[Baby Dragon]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it

By making a mistake you can know what you need to improve. I will follow some of your tips but I think the most tip we need to keep on mind is we should not panic once the market collapse or it experience down trend market. Panicking will lead to overthinking and will end up lose huge amount of money.

[Ranly123]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it

This will help new traders for some guide on how they will manage their trading. However, every trader has their own ways and techniques so it is not really a big deal if they don't totally follow your rules.

[mornabo]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes 

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it   

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it

By making a mistake you can know what you need to improve. I will follow some of your tips but I think the most tip we need to keep on mind is we should not panic once the market collapse or it experience down trend market. Panicking will lead to overthinking and will end up lose huge amount of money.

because everyone has their own strategy, and the strategy of others people is not always everything can be implemented in other people's trading strategies,but does not mean the tips that you give are bad, all the tips that you teach are very useful, but I only take a few tips that are in accordance with my strategy

[wuvdoll]

This will help new traders for some guide on how they will manage their trading. However, every trader has their own ways and techniques so it is not really a big deal if they don't totally follow your rules.

OP is not emphasizing all of us to follow the lessons, he just obtained from his experience. But, it is always good to learn from others mistakes so that we do not need to pay to learn the same kind of mistakes while trading. Here I meant, the payment is the losses we might need to pay while making mistakes .

If you want to learn to be smart trader by gathering more experience then it is always good to learn from others mistakes instead of keep trying by your own. I love to hear more people will be adding their experiences similar to OP so that we will be having some guidelines for each and every scenario.

[nicolas1979]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it

This is basic psychology trading that we should have before enter the market, it will make our emotion and calculation become balance again. This basic mostly avoid by many people because in there mindset only profit and profit, nothing about risk and stop loss. It very helpful, as long we obey this guide our asset and strategy will survive.

[nydiacaskey01]

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

[/b]

There are times you get stuck on a trade and you feel hopeless that the coin that you bought will go nowhere and you'r option is just to cut loss and move on. However, there are times that all coins are on a down trend including the coin that you bought, so moving to another investment is not a good idea too, so you hold on to your coins  or cut loss and look for another opportunity. But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment.

[steve57]

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

[/b]

There are times you get stuck on a trade and you feel hopeless that the coin that you bought will go nowhere and you'r option is just to cut loss and move on. However, there are times that all coins are on a down trend including the coin that you bought, so moving to another investment is not a good idea too, so you hold on to your coins  or cut loss and look for another opportunity. But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment.

good point I will add this to main thread post ,thanks

[Bobby park]

Thank you for the tips you gave to us! It will benefit me in trading as well as other also. From the principle of trading we saw in this thread, we should apply them for the sake of everyone. Imagine, if we apply those tips that OP told to us. We will avoid those unnecessary loss in cryptocurrency trading. Thanks for sharing us.

[randythered]

This is mostly common sense trading tips but that doesn't detract from the usefulness. Any trader needs to be mindful of all of these things and more at all times.

For new traders following this advice won't mean they'll be successful, for that they'll need a lot more skill and knowledge of the markets. But it will help limit their losses or maximize their profits and that's why it's worthwhile advice for all to follow.

Well what matters the most is the mindset. There are people who are very good advisers but they have no history of profits in the crypto. It is also about the risk taking trait that helps make money.

Right.I agree.And they say most of the time the best advisers are the ones who never excell on their own field.Trading is a continuous learning so you need to cope up with the latest strategies and skills so you will still end up making profits in such a volatile market.And the most important is have no fear.Learn to take risks because those people who are brave enough are the ones who make huge profits at the end of the day.

I don't know if I agree with that, I wouldn't trust taking advice from someone who has not been in the same situation before. It's easy to look from the outside and say what should be done (anyone who's ever given relationship advice can attest to this) but when you're in that situation there is so much more at play and it's never black and white.

[lovesybitz]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Perhaps, this was all your experienced when you do the actual trade in every exchange site.
This might be a good additional knowledge for the novice even the old member's here to who are not yet well good in terms of
making profit in trading. Meaning, more experience is an advantage for us to earn here big profit in the end.

[SlimShadyMmp]

These are good points the issue is letting your emotion determines your trade also there is the fact of getting rich as quickly and as easy as possible and the truth is most people if not all like that idea of getting quick rich

[Matthewmorris4]

money management is the first we have to learn before trading this is what i'm thinking
useful post mate

Useful point you mentioned mate same as you I think that before going to trade one should arrange money that how much he has to trade. Before starting to trade you should spare some money for your daily needs so that at the time of need you will not have to trade your coin at red. Hold and go for long term trading always.

if only thinking of long-term trading, it is not trading, it is a holder and of course the profit generated is not too large especially if the assets used are quite small. better daily or weekly scalping, holders without seeing good market and analytical conditions are also dangerous

[I am insane]

We should implement those money Management and other rules . But while actuall trading we don't do those and mess everything

[d1ceplayer]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Whether you care about the money you’re trading with or not depends on if you invested what you can afford to lose. So whenever you want to trade you should go in what you can afford to lose, cause if you go in with you cannot afford at the moment you will have fear in you, and you’re likely to make mistake. So first thing should be to invest and trade with the amount you can afford to lose.

[bit:boy]

this points will be definitely helpful in trading if we follow them strictly   

[Renaldi blackspadeteam]

I say thank you for reminding me and the other crypto traders, the mistake I often make in trading bitcoin and crypto is when the downtrend occurs, I still have Hodl until the downtrend is finished and that's what I always panicked and confused about what to do, so now I aware, I have to cut it when the downtrend occurs and replant it in another asset.

[Charlie3]

emotions greed and panic is always bad for trading we have read many rules in books and we did experience those in real trading but this takes time to improve our emotions 

[eagle10]

I agree that these are all common mistakes made by everyone involve in trading. Many newbies in trading will experience this and if they are reading this, these will help them and be served as a warning when they get there in trading their money.

[el kaka22]

Good strategy but holding altcoins for me is not profitable anymore Because all altcoins already drop on their price to its hard to predict if the will go up or down.

Predicting your future must be depending on what kind of altcoins you're holding right now. If you have invested into only highly reputed coins then you do not need to worry about the current downfall nor the entire cryptomarket's fluctuations. You may simply continue to holding your altcoins. If you are holding some shitcoins then no one could help you. It is time to add up more reputed coins into your portfolio from this dumped market as you can easily predict the bright future for those coins.

emotions greed and panic is always bad for trading we have read many rules in books and we did experience those in real trading but this takes time to improve our emotions  

Emotions are always enemies for our trading plans. No books will help you to tackle your emotions while trading but only your experience may help you. That is why pro traders always emphasizing about mock-trading. Through experience we can handle our emotions effectively so that we will not take decisions due to emotional failures.

[MiiDoViic]

emotions greed and panic is always bad for trading we have read many rules in books and we did experience those in real trading but this takes time to improve our emotions  

Emotions are always enemies for our trading plans. No books will help you to tackle your emotions while trading but only your experience may help you. That is why pro traders always emphasizing about mock-trading. Through experience we can handle our emotions effectively so that we will not take decisions due to emotional failures.

I have been trading for a year now , and still I'm not even close to being able to control my emotions. It had lost me so much money and I feel frustrated and almost close to quitting because I think this market isn't for me. I guess the problem is the fact that the money I have on cryptocurencies are my only funds and my only source of income. This makes it harder for me to not get emotional when my holdings start falling ,which drives me to make irrational decisions to try and recover somehow.

[rocketbits]

I agree that these are all common mistakes made by everyone involve in trading. Many newbies in trading will experience this and if they are reading this, these will help them and be served as a warning when they get there in trading their money.

Lol. The funny part is that even if they read it, some of them will still make the mistakes mentioned lol. Experience is always the best teacher. Even when I started I read all these but I still made the mistakes. And by the time I realized everything I have done I felt like it was too late but I still didn’t give up, although I did quit for a short time but I still got back to it.

[cluit]

1.   You only won’t think about your money if at first you invested what you can afford to lose. If you
      invest big money you will always be worried about losing it.

2.   Managing money doesn’t have to do with only when you’re a trader, in everything you’re doing you
      have to know how to manage your money properly. If you don’t manage yourself you will go broke.
      Lol

3.   Thank you for that, we should always be confident. Some analysis you see these days will try to
      discourage you, but all you have to do is believe in yourself.
      In fact all the tips you’ve given here are really good, including 4, 5, 6, 7, and the rest of them.

[Clark05]

It is helpful to the newbie for their improvement. Because newbie needs a lot of information, tips and advice.
Maybe I can use it too someday once I see that I need to improve my skills in trading world. I want to gain more knowledge so that's why I keep reading and searching.

[steve57]

emotions greed and panic is always bad for trading we have read many rules in books and we did experience those in real trading but this takes time to improve our emotions  

Emotions are always enemies for our trading plans. No books will help you to tackle your emotions while trading but only your experience may help you. That is why pro traders always emphasizing about mock-trading. Through experience we can handle our emotions effectively so that we will not take decisions due to emotional failures.

I have been trading for a year now , and still I'm not even close to being able to control my emotions. It had lost me so much money and I feel frustrated and almost close to quitting because I think this market isn't for me. I guess the problem is the fact that the money I have on cryptocurencies are my only funds and my only source of income. This makes it harder for me to not get emotional when my holdings start falling ,which drives me to make irrational decisions to try and recover somehow.

yes if we depend only on trading income, our emotions will affect our trading more, first reason is fear of losing and next is too much concern on money
i have seen many who dont care about there capital and concentrate only on there trading have good emotion control

[beerlover]

here are the mistakes i did and the with experience i got answers to my mistakes  

When you are aware of sharing your mistakes and the lessons you learned from the experience, why you have not opted for learning from others mistakes ? That is an easy way of gaining experience and also it comes for free of cost and free of frustration. I mean that you do not need to go for committing all the mistake by your own to learn experience but you can learn the same things from others mistakes too. Just go for easier things.

You have provided very much useful tips which will be definitely helping many traders here. I wonder how long you have been into trading so that you got chance of make these many mistakes and got time to learn some lessons from them.

You must have been keeping track of your mistakes and for the lessons too. Otherwise it could not be possible for any other trader to remember all these and also unfortunately most of them are not finding time to share the experience with this community. In that way I must need to appreciate you. Keep your good to go up always for the sake of this community.

[steve57]

I have been trading from 2 years and this are the mistakes I did and I do keep note of that so that I don't repeat those again
I shared my experience (mistakes) so that newbies can know and be aware of this , I have seen many traders just run behind strategies and igonre many important rules which is equally important as strategies

[izanagi narukami]

The advice is easy to understand but it's difficult to implement because we are in crypto trading where the risk is greater than ordinary stock exchange.

Personally I try to think simple , just be the investor by holding in the long term on crypto and it's work for me especially when it already gone almost 4 years !

[mersal]

The advice is easy to understand but it's difficult to implement because we are in crypto trading where the risk is greater than ordinary stock exchange.

Personally I try to think simple , just be the investor by holding in the long term on crypto and it's work for me especially when it already gone almost 4 years !

yes you are right following the best opinion is always tougher to understand because following some regulation will not be approved by any people and we cannot do anything against that but keeping the best something to understand things so it will be not easier.

[playboy654]

Thank you! Yes, just common sense, but... it's ok to remeber it periodically

Yes you are correct the above mentioned points are very important to follow buy each and every traders and do what you have to think it also a very important for a trader but the points mentioned in this topic are also very helpful for doing better trading

[Yamifoud]

I have been trading from 2 years and this are the mistakes I did and I do keep note of that so that I don't repeat those again
I shared my experience (mistakes) so that newbies can know and be aware of this , I have seen many traders just run behind strategies and igonre many important rules which is equally important as strategies

Yes,  we may learn on our mistakes and do solutions on it but it somehow we've been mistaken again.  Those failures is just to consider a part of our life but it that way we become stronger and better. Because we want to discover things and to find another ways that's why we should experiment something. But in the end we just realize that we are wrong, it is better to stick on the old one strategies so we didn't face losses in the end.

[wall101]

Good strategy but holding altcoins for me is not profitable anymore Because all altcoins already drop on their price to its hard to predict if the will go up or down.

[steve57]

Calculate your risk first if you can afford that risk than I suggest to hold as markets is in correction stage now  (this is just my suggestions I don't know what altcoins you are holding) if altcoin you are holding are good then a little bit market support it will recover

[wayancrypto]

We should be learn from the mistake in the pass, from my experience in crypto trading i did some mistake , that is greedy and did not use stop loss. So risk management and how to manage emotion will be first thing to learn in trading.

[Aivaryamal]

Very useful tips for every trader, the main thing is to set precise and specific goals and in any case not to succumb to emotions!

[DaddyMonsi]

Don't worry if you see traders flaunting how much they earned from their recent trade. Before they earned that much in every trade, they also failed as some point and who knows if that's the only trade that they made and earned, they just want to flaunt and increase their followers. Get tips, listen to others opinion but at the end of the day its still you who will decide if you will Buy or Sell.

[ethereumhunter]

You see that many of us making the same mistakes and many of us suggest learning from the mistakes so we can be better than before. It is natural to make a mistake while we were trading, but it's not natural if we cannot learn and we cannot increase our knowledge in trading. We only make the same mistakes in the future, and if that happens, then we cannot recover the losses and even the lose will bigger than before. So, the first thing we need to do has control in yourself, don't greedy if you can make a profit, don't forget to take that profit while you can. In the end, taking a break will be good for you so you can get a rest for a while from the market and think about what you want to do later.

[South Park]

Lol. The funny part is that even if they read it, some of them will still make the mistakes mentioned lol. Experience is always the best teacher. Even when I started I read all these but I still made the mistakes. And by the time I realized everything I have done I felt like it was too late but I still didn’t give up, although I did quit for a short time but I still got back to it.

There are two ways to learn, to make your own mistakes or learn from the mistakes of others, I do not know what you think but it is preferable for me to learn from the mistakes of others instead of having to experience them myself, this will not only save you money but time and stress as well, so even if experience is a good teacher we need to reduce the mistakes we commit by ourselves and reading about the experiences of others is without a doubt a good way to do it.

[hahay]

You see that many of us making the same mistakes and many of us suggest learning from the mistakes so we can be better than before. It is natural to make a mistake while we were trading, but it's not natural if we cannot learn and we cannot increase our knowledge in trading. We only make the same mistakes in the future, and if that happens, then we cannot recover the losses and even the lose will bigger than before. So, the first thing we need to do has control in yourself, don't greedy if you can make a profit, don't forget to take that profit while you can. In the end, taking a break will be good for you so you can get a rest for a while from the market and think about what you want to do later.

The person who keeps repeating the same mistakes and can never learn from his mistakes in the past, then he will never be able to get the desired profit, instead the losses will be sustainable and he should go away from trading if that happens. Controlling greed is the most important thing and when in trading, traders should know when to sell and buy. Because selling too fast will also make you regret when the market continues to show an increase and when we are too slow to sell, chances are we will miss a moment of sales when the price has been dumped.

[akram143]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

what is my greatest opinion for all the traders do not panic while trading or if you doung any other job if you panic your work will definitely stop for a while it takes to you the another dimension of your work so while working don't fear and panic make the patience for higher.

[yanto@1977]

Yes, for me this is psychology lesson that can be use to control our emotion. Important part already know but how we can take disciplines is another story, theory different with the field. All come back to us, like or not think twice and follow our rules is the key of success.

[ethereumhunter]

You see that many of us making the same mistakes and many of us suggest learning from the mistakes so we can be better than before. It is natural to make a mistake while we were trading, but it's not natural if we cannot learn and we cannot increase our knowledge in trading. We only make the same mistakes in the future, and if that happens, then we cannot recover the losses and even the lose will bigger than before. So, the first thing we need to do has control in yourself, don't greedy if you can make a profit, don't forget to take that profit while you can. In the end, taking a break will be good for you so you can get a rest for a while from the market and think about what you want to do later.

The person who keeps repeating the same mistakes and can never learn from his mistakes in the past, then he will never be able to get the desired profit, instead the losses will be sustainable and he should go away from trading if that happens. Controlling greed is the most important thing and when in trading, traders should know when to sell and buy. Because selling too fast will also make you regret when the market continues to show an increase and when we are too slow to sell, chances are we will miss a moment of sales when the price has been dumped.

You are right. Before we decide to buy or sell, we need to check what happens in the market and don't make a rush decision especially if there are faster movements from the order. Some people will attract to the fast moves and makes them panic and want to do something without analyzing what is going on. It's better to stay calm first, analyze the order and the chart and if there is a pump or dump happen in the market, then you can make the right decision.

[Anies_Sandi]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes 

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it   

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

This advice is very useful for us all, especially the traders, because the reviews above will definitely make us trade well and will bring success too

[pawanjain]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Well, these are some well known tips that you shared from your own perspective. I would like to know how many of these tips do you follow when you trade.
Also, the amount of losses you incurred when you didn't follow these tips and the substantial gains when you followed these tips.
The comparison of such amounts can really boos t the confidence of our fellow traders.

[whirlcoin]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

I also trust about learning and experiencing before entering into any job especially in trading you won't get them proper income from that so be prepared when you are entering into trading and following the above points are also be very useful for a trader to get income very easily.

[Moiyah]

Thanks for sharing this useful tips. I admit that I lack of money management as a trader. We have different weaknesses. Emotions shall be set aside when doing some kind of trading but this market is so volatile and I really am disappointed whenever my TAs were not happening.

[Cherylstar86]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

I also trust about learning and experiencing before entering into any job especially in trading you won't get them proper income from that so be prepared when you are entering into trading and following the above points are also be very useful for a trader to get income very easily.

Trading with a plan can greatly help us to be guided accordingly. In trading, we must use the correct tools. We must know the levels we want to trade from. We must be strategic, be prepared, and continue to explore inorder to learn more. Learn to control your emotions, set goals, and know your priorities.

[sinta23]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

what is my greatest opinion for all the traders do not panic while trading or if you doung any other job if you panic your work will definitely stop for a while it takes to you the another dimension of your work so while working don't fear and panic make the patience for higher.

really because in trading if you want to succeed, never panic and use emotions too, because the key to success is great patience and willingness to try even if we have failed or made a mistake

[Best Dreams]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Well, these are some well known tips that you shared from your own perspective. I would like to know how many of these tips do you follow when you trade.
Also, the amount of losses you incurred when you didn't follow these tips and the substantial gains when you followed these tips.
The comparison of such amounts can really boos t the confidence of our fellow traders.

Yes above discussion is really good and it will help us because it is about protection about saving capital, about investing and holding, all about ideas to become good trader so that’s really satisfying that how nicely people are sharing good stuff and helping newbie’s to become good trading and not to be in lose at early stages of trading so really appreciate it.

[tonyja2017]

 Those are the rules that every investor needs to capture. But the important thing is how to apply it most accurately.
I once saved these and pasted it on the wall, but when the pressure came, I forgot it even though it was only 1 meter away from my eye.
What is important?
The important thing is the spirit. You should only start investing when you are willing to accept all the risks you cause. that is when you are the most powerful and the pressures cannot beat you.

[timmydakolo2]

This is a good outline experience I most say, if only most newbies who are adapting into Crypto trading today will have to check this out and add it to their knowledge. The number is definitely good to understand and in other words when you sell out don't look back and wish you have sold at the top when you see your fellow traders selling at the top.

[goaldigger]

This post is really helpful for the newbies who wanted to start their trading careers. Newbies should follow all the guidelines even if its hard to have a greater possibility of earning big in trading. Lucky for them because theres someone who can teach them even just guidelines before starting. Atleast they have been briefed well.

[Xising]

This are known facts that many have put into practice and yet still incurred loss, that is to say no strategy is the best, or a sure one
Your points aren't too bad per se, they are fairly OK for one who's new to trading and probably hasn't read any guides whatsoever.

I think your best point is money management,its very essential and can ultimately reduce potential loss

I agree. I think, in this market especially, there is no fool proof way of trading without losses as risks has already mixed up with the foundations of the cryptocurrency market. I think one should just really be systematic and objective about his trades and ventures in order to at least have that sense of safety and confidence with the businesses you are doing. At least, even in the face of losses, you can still tell yourself that you did your homework and tried to make the risks are manageable and low as possible to avoid having to lose too much.

[Kelvinid]

This post is really helpful for the newbies who wanted to start their trading careers. Newbies should follow all the guidelines even if its hard to have a greater possibility of earning big in trading. Lucky for them because theres someone who can teach them even just guidelines before starting. Atleast they have been briefed well.

That could be helpful but I don't know if they could stick with when they are affected from their emotions. As it usually happen and even for old traders, it sometimes making decisions away from their plan which results into losing their funds.
Anyways, as a beginners they'll need much effort and time to fully understand the market and that will be a big challenge for them cause if they were not, they'll just end up into nothing.

[XbladedThanos]

I think the fact is knowing what you are trading out there and how past you act must times when you are clouded with decision making you end up making some serious huge mistake so you have to watch that out

[crzy]

Very helpful though its quiet a long message but newbies should find this one as a better foundation in trading. I saw a lot of tips and suggestion about trading recently and I’m so amaze that a lot of people are willing to help others by simply giving their advice, let’s continue this one until traders becomes more professional.

[South Park]

Thank you for the advice, it's quite interesting even though everyone has their own strategy to gain profit from trading.
in my opinion the main point in trading is don't be greedy, if you already get enough profit you should stop first don't get hooked cause you may can lose everything, too risky, theres still tomorrow.

This is something I agree as well, it is clear we all want to get profits out of the money we put in the market but we must have goals about what we want to achieve that are realistic and once we got them we need to stop chasing even more profits for the time being, many have found themselves in a situation in which they have already earned a lot of money out of a trade but they keep holding thinking they will make even more only to see that profitable trade turn into a loss.

[Golftech]

Very helpful though its quiet a long message but newbies should find this one as a better foundation in trading. I saw a lot of tips and suggestion about trading recently and I’m so amaze that a lot of people are willing to help others by simply giving their advice, let’s continue this one until traders becomes more professional.

Exactly the point for joining forum like this,we will be able to find something interesting that will lead us to a much successful ventures, this thread will help not only those newbies but also can be use for refreshers, as trading needs real attentions to keep improving yourself and give you more ideas on how to achieved your goals.

[naruto7676]

It's a good advice but holding for long-term for me is not profitable anymore because those altcoins getting dropping out. But for now you can see in coinmarketcap that the price getting pumping for those who buying altcoins.

[DomainTorrent]

You do have a lot of good points taken. They are quite useful for those newbies who are still grasping about the ins and out of trading. Having said that, each one of us could retrospect internally and still be able to identify what needs to be rectified in order to be successful. It is a case to case basis and according to old adage, experience is the best teacher.

[creeps]

It's a good advice but holding for long-term for me is not profitable anymore because those altcoins getting dropping out. But for now you can see in coinmarketcap that the price getting pumping for those who buying altcoins.

Some coins are not meant for long term holding, and investing on that coins can be a big problem to you. This advice on trading is good though some newbie trader might not listen on this one because they are too focus on the hype coins, one of the great source of knowledge about trading cryptocurrency can be found in this forum so try to spend more time here.

[South Park]

It's a good advice but holding for long-term for me is not profitable anymore because those altcoins getting dropping out. But for now you can see in coinmarketcap that the price getting pumping for those who buying altcoins.

When people in the forum say that they are holding for the long term most of the time they are referring only to bitcoin and at best a few altcoins with high market caps, most altcoins out there should never be held for the long term and you need to have an exit strategy in case things begin to go in the wrong direction, so if you are planning to buy some coins with low market caps you cannot be an investor you need to have the mentality of a trader so you can cut your losses as fast as you can.

[Kasabus]

It's a good advice but holding for long-term for me is not profitable anymore because those altcoins getting dropping out. But for now you can see in coinmarketcap that the price getting pumping for those who buying altcoins.

When people in the forum say that they are holding for the long term most of the time they are referring only to bitcoin and at best a few altcoins with high market caps, most altcoins out there should never be held for the long term and you need to have an exit strategy in case things begin to go in the wrong direction, so if you are planning to buy some coins with low market caps you cannot be an investor you need to have the mentality of a trader so you can cut your losses as fast as you can.

Depending of what coin's features we have seen, but mostly and as what I'm certainly be doing, I never do long term holding. Long term holding is the safe way from losing but isn't beneficial at this time since the market moves slowly.
Now, if someone planning to invest in crypto better to think for short term holding. We don't need to wait for years to make profit instead, we have to take advantage of every fluctuations int happen in the market( buy low, sell high).

[Roukawa]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

what is my greatest opinion for all the traders do not panic while trading or if you doung any other job if you panic your work will definitely stop for a while it takes to you the another dimension of your work so while working don't fear and panic make the patience for higher.

Yes, do not let your emotions affect your trading decision or else it will also affect your personal life. What i do is I buy coins which I think is at it's lowest for some weeks and then let it run, I just put a sell order on the price point I'm satisfied. I just do this on Binance.

[katerina5643]

There are some important piece of advice that helped me
First of all dont trade if markets are volatile
Secondly calculate all the risks
And thirdly dont panic and rely on your own analysis
Also you can read this article. It will be helpful for you https://www.monfex.com/academy/how-to-develop-a-successful-trading-plan-139

[EdvinZ]

All of these tips are good and effective. But most people learn from their mistakes, so these advice is not for everyone, but only for those who really know how to analyze, have discipline and patience. But the tips are good and practical.

[fullhdpixel]

All of these tips are good and effective. But most people learn from their mistakes, so these advice is not for everyone, but only for those who really know how to analyze, have discipline and patience. But the tips are good and practical.

There is no advise that is too little or not for everyone, I understand what you are trying to say but we should not judge or condemn people, we don’t have to allow people to make mistake before earning and reason why we have some of these tips constantly popping up is to keep reminding them on how to trade right.

Some people have made costly mistakes because they don’t have who to guide them, and when it comes to discipline, patience and the rest of the things that you mentioned, it takes time to also get them, it is when we see some of these tips that we all learn what is necessary to avoid us making any mistake, if we have followed these tips and still make mistake, it is only at that point that we learn form that mistake. Not all mistakes is a lesson at all.

[Aaronpp]

The tips are good but they are already well known and it is impossible that anyone who is in the trade does not know them, what I recommend is to read several books and see many videos that can help you, in addition to joining different forums because even if you don’t believe it, these are the best aids you can receive at the moment of any doubt with the market or the operation of a program.

[Aaronpp]

These are tips that are already well known because many have put them into practice and have lost money anyway, the truth is that there is no strategy that can assure you profits, it all depends on your own effort and analysis. He mentions many things well and his analysis is surprising because he has no very advanced or medium knowledge in trading.

[Irvinn]

I think that advising something for traders who already have a certain trading experience is very difficult, because to one degree or another the person is already a professional.  In any case, it is the beginner who should be advised to be more attentive and less emotional, since in most cases it is the beginners who come to the market with a minimum of assets, or do not have start-up capital at all, especially since there is no knowledge of trading at all.  With the slightest changes in the cryptocurrency market, for such people the situation causes a storm of emotions, which provokes them to inappropriate actions.  Therefore, you need to adhere to the basic rules so as not to be in the red.
Buy cheaper, sell more expensive.
Do not trade for the last money.
Forget about scalping if foreign exchange assets are small .
Do not use the entire deposit amount immediately .
And most importantly, never believe what they write in a chat on the exchange.

[babysweetTiger0401]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

You are giving advise based on your experienced right? I don't see any wrong with all the tips which was you gave here.
I don't if all traders had the same encounter like yours dude, because if we fail in trading it means our way was wrong in which
we need to learn from it. And as a trader patience shouldn't be gone to our attitude.

[muhhentuhhen]

I m agree with you. .we need to check what happens in the market and don't make a rush decision especially if there are faster movements from the order before buying smth.

Remember about market volatility all the time - this is the best tip, but all forget about it. The cryptocurrency market is extremely unstable and there is always the possibility of losing all your investments. Therefore, trade only with the amount of money that you are willing to lose. This is a general rule and should always be followed. Also, never try to recover your losses by investing even larger amounts.

[Abulu730]

Thanks for this informative piece, how i wish i saw this before my early days of trading in crypto. I made so many silly mistake on funds management which affected me so well. It also affected mu confidence level and i had to just forget about trading.  I hope many newbie will see this so they can make inform decisions before venturing fully into crypto trading

[hizzy]

I think that many factors depend on the exchanger on which you work. It seems to me that large exchangers are not suitable for a start, it is much better to choose a small one, such as Whitebit

[peter0425]

It’s always nicer see that someone are concerns on what will others might have advantage.sharing our experiences specially losses will prevent others to have the same situation

I think that many factors depend on the exchanger on which you work. It seems to me that large exchangers are not suitable for a start, it is much better to choose a small one, such as Whitebit

Yeah I agreed on that,starters should use smaller or newer exchange for them to be prioritized and may adopt the environment.they will grow sooner to use bigger exchangers

[LimLims]

It's a universal fact that,
People learn from their own mistakes.
But if we really need to correct ourselves then we definitely need to learn from other's mistakes.
The OP's motive is also the same.
Thanks for sharing your failures and strategies.
This will surely help the newbies.
Good luck to us.

[Chaintrader_1]

Litecoin Massive Breakout Soon or Rejection? The Chart Nobody is Watching https://www.youtube.com/watch?v=Aiw1GDl2UkE&t

[Freddy11]

The only thing that could help us improve is our own mindset, which has to be very much positive. I do that only and along with that having eyes on Crypto News is just ideal formula to crack up making money. If we are able to manage these things right in our favour. It will only add up with boosting us and getting the desired and required results. If we miss out on this part it will just push us into situation where we will do things right yet they will turn wrong due to sudden news developments.

[Lanatsa]

It's a universal fact that,
People learn from their own mistakes.
But if we really need to correct ourselves then we definitely need to learn from other's mistakes.
The OP's motive is also the same.
Thanks for sharing your failures and strategies.
This will surely help the newbies.
Good luck to us.

You are right it isn't really that bad to look up with others mistakes too because you can apply all of these things together with your self learn that you had learn along the way.
This is why reading and understanding on how things goes will be beneficial for you in the long run.Lots of tools and experience can be read up and this would just matter on an individual on how he do utilize these learnings and do apply it on his own where in result to improve out his own trading style or system.Most of them will just quit after some initial
failure faced up and didn't turn their back because they have lost money.If we do pursue to be profitable with trading then accept those mistakes as a stepping stones to success.

[ayoubouni95]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

Thanks OP, will be taking your advice. Your points of advice I would say are coming from many years of trading experience. May I ask how many years have you spent trading and how often do you trade, say, in a week/hours in a day?

I didn't really get your idea on the first point but on the second, I really see the importance and will be learning more about personal financial management. I will be reading and studying the wisdom behind the book "Rich Dad, Poor Dad" soon before this year ends.

Point (3) well taken coz I did experience being swayed by hype by focusing on price/trade discussions by people who I really don't know yet.

[Viscore]

The only thing that could help us improve is our own mindset, which has to be very much positive. I do that only and along with that having eyes on Crypto News is just ideal formula to crack up making money. If we are able to manage these things right in our favour. It will only add up with boosting us and getting the desired and required results. If we miss out on this part it will just push us into situation where we will do things right yet they will turn wrong due to sudden news developments.

Having a positive mindset when you start trading is very helpful because it will make you more motivated to make profits than seeing you lose again. And never trade while the market is very unstable because you will find it very hard and risky to make profits especially if you're still a beginner. Start trading when you see the market is already not volatile.

[Andrews193]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

Thanks OP, will be taking your advice. Your points of advice I would say are coming from many years of trading experience. May I ask how many years have you spent trading and how often do you trade, say, in a week/hours in a day?

I didn't really get your idea on the first point but on the second, I really see the importance and will be learning more about personal financial management. I will be reading and studying the wisdom behind the book "Rich Dad, Poor Dad" soon before this year ends.

Point (3) well taken coz I did experience being swayed by hype by focusing on price/trade discussions by people who I really don't know yet.

His advice is really reasonable and suitable for most people who are involved in trading, but similar to you, I don't understand too clearly the first thing he mentioned, maybe he is referring to not checking prices too often, the image of value can affect psychology. But for the next advice, it's so obvious to everyone, failure always begins with people not cutting losses or setting a profit, and behind the wrong actions, these are the times when people don't believe in themselves, they trust the analysis of others.

[Zemomtum]

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

[trickyriky]

Thank you. All of these tips are good and effective.

Three golden rules for working on the cryptocurrencies market will be also helpful:
- There is no need to trust anyone and when choosing a token for investment, you should always conduct your own market analysis;
- Do not chase the greatest profits; simply conduct transactions with a small profit, but with a minimum of risks.
- Do not invest in cryptocurrencies more than 2% of your own funds.

[PuertoLibre]

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

The idea is to protect the balance than making risky decisions with unnecessary trades. The market can swallow the margin balance  if the trader doesn't have proper risk management which shouldn't exceed the 2% of the balance in case of the market goes against the open trading position. If the trader look for new trading opportunities with the revenge feeling, thinking twice can save the account before it becomes too late.

The emotional trading is not advisable by the expert traders who have seen the many ups and downs in the financial markets. Unnecessary trades become enslavement to the market and the alarming numbers will destroy the account's statement.

[miningguru]

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

[freedomgo]

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

It's a basic requirement that we study, if we study and we have equip ourselves with the necessary knowledge, we will be less emotional.
Everyday is a learning process especially if we try to go the journey of a day trader and based on my experience, I can say that less emotion involve will result to less mistake in trading.

We need to be mentally tough to follow our strategy, otherwise, we will easily lose due to panic that will cause a bad decision making.
Like I said, we learn from our mistakes, if we can't then it's safe to say that we have no room for improvement in trading.

[maydna]

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

Analyzing the coin will be the main thing that you need to do before you buy any coin. That will determine how you can make a profit from the coin so you can buy a low price. I believe that with your skills, you will find the right coin to buy and you will easily to find a spot of the price and then place your order buy. Recover our lose will necessary, especially if the market shows the good sign to increase so we can search for the target coin to buy. But remember that the market can move to any price and at any time, so you need to be careful to decide.

[Irvinn]

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

Analyzing the coin will be the main thing that you need to do before you buy any coin. That will determine how you can make a profit from the coin so you can buy a low price. I believe that with your skills, you will find the right coin to buy and you will easily to find a spot of the price and then place your order buy. Recover our lose will necessary, especially if the market shows the good sign to increase so we can search for the target coin to buy. But remember that the market can move to any price and at any time, so you need to be careful to decide.

I believe that in addition to strictly analyzing all your assets and those coins that you want to put into circulation for trading, you need to take into account not only the combination of circumstances in the information space regarding the cryptocurrency market, but also take into account personal luck, which can come in very bad at inappropriate  moment.  As an example, I want to draw a coin like Populous, which attracted me with very good activity in the market.  A few months ago I used this coin very well for daily trading, when the price went up from 80 cents to 1 dollar 40 cents, but now this coin has generally fallen to $ 0.38.  And it is very good that I did not have time to buy this coin at 80 cents.

[matchi2011]

Very useful points. The one I love most out of them is that no trade is also a trade and don't be eager to recover your your lost, better still, learn form what make it to go against you

We have to learn from our mistakes, in trading we shouldn't follow the aggressive mode and it will end up in losing more money. That's why we should always think before choosing any coin for investment because technical skills make you get awareness about whether you will trade or not.

Which supposed to be accompanied by our knowledge regarding to any possibilities before taking any chances, don't trade when you don't have any idea what the market will bring to you, it's hard to predict but once you already have a much broader assessment it will helps a lot to improve your chances to build a good strategy that will work for your investment journey, keep your research and do analyze the target success that you are aiming for.

[jamesndungu1]

Trading digital assets can be a hassle if one is not keen enough. My personal tip, which has helped me become successful in this sector, would be that I carry out extensive research before investing in any project. The same research applies to decide whom I am going into business with. There are a lot of fake projects online, and if you are not careful enough, you could end up investing your hard-earned funds in a crypto project that is nothing but a scam, which makes you lose money instead of realizing profits. Security is always my top priority while trading digital assets.

[HatakeKakashi]

Traders choice if the tips will be apply or not, because even they read that tipa that you gaven possible for them to ignore because as a trader we have different experienced in trading but the good with this is you do this to others to improve their trading so they did not make a mistake. But I hope new traders will follow this to  have better experience in trading..

[Janation]

Traders choice if the tips will be apply or not, because even they read that tipa that you gaven possible for them to ignore because as a trader we have different experienced in trading but the good with this is you do this to others to improve their trading so they did not make a mistake. But I hope new traders will follow this to  have better experience in trading..

That would be really sad.

I mean, there are a lot of investors out there just learning by themselves.

People here in the forum share a lot of experience, strategies, and tips in order to help them without reading things they shouldn't need. We should not only learn from our mistakes, but we should also heed the suggestions, the tips of other investors since that will make us develop, that will make us evolve that will not only give us knowledge but profit.

[pieppiep]

even if new traders read this tips 100 times they will commit mistakes only experience will teach what this tips really mean , experience is the best teacher and it will teach us everything , only thing new traders should remember is not to repeat those mistakes again and again

At least, they can get a new experience from the tips. No matter if they cannot make a profit, if they still trying, I am sure in the future, they can make a profit and some time, their profit will bigger than us. I agree that experience is the best teacher because with the experience, we can handle every problem that might happen and we can solve the problem.

I think with we making a mistake, that will help to improve our trading skills and who knows, we will be better to trade by that mistake. Usually, if we make a mistake, we can analyze what is wrong with our trade, so if we can find the mistake, I think we can get time to solve the problem, and that will help us in trading.

We must improve our trading skill from time to time because that is what we should do in trading and if we want to make a bigger profit, we need to keep learning from many sources.

[Juliedarwin]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

A big of chance to be successful being as a trader about this tips. All of this are really true and a hundred percent legit that you're become a genuine and a good master as a trader. Trust, believe to survive.

[pundit]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

You have explained things in detail, if someone read it carefully and adopt all these things, atleast he/she can survive in this market. Trading is a hard business to do but it can give you the highest return as compared to all other businesses. Trading is a dynamic business and there are some golden rules which need to be followed in trading.
1. Never invest money you badly need.
2. Never risk more than 2.5% of your capital in a single trade.
3. Do not trade w/o SL.
4. Keep your fear and greed behind while trading.
5. Make a plan and remain stick to it.

If one follows such rules, winning trading game is not much difficult.

[Alice Nuttal]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

I like the fifth point where you said that “no trade is also a trade” But yeah, I shall agree that in trading sometimes it's really better to do nothing. Though, it is hard to keep yourself from it even for a while. Well, I moments when I feel that it is better to avoid trading, I skip my attention to monitoring the market situation, reading the news, self-educating . It is quite useful as I am not only "trading by not trading", but also learning new strategies, finding useful info bots, https://t.me/CexIoInfoBot, etc.

[spike420211]

The most important thing that I realized is that the first thing you should not forget is profit taking. No need to be greedy, this is the road to nowhere.
Always take profits. Even if locally you make a mistake fixing yourself ahead of time, globally this will give you a huge influx of funds.

[lestherat]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

You have explained things in detail, if someone read it carefully and adopt all these things, atleast he/she can survive in this market. Trading is a hard business to do but it can give you the highest return as compared to all other businesses. Trading is a dynamic business and there are some golden rules which need to be followed in trading.
1. Never invest money you badly need.
2. Never risk more than 2.5% of your capital in a single trade.
3. Do not trade w/o SL.
4. Keep your fear and greed behind while trading.
5. Make a plan and remain stick to it.

If one follows such rules, winning trading game is not much difficult.

Awesome tips here, also i want to add a few

1. Never fall in love with altcoins, only love BTC and only think in have more BTC.   (i use to be a collector of shitcoins, almost all are down 90-95% and others turn into dead projects)

2. Use exchanges with Stop Loss tool, and learn how to use it, lets say if you buy any altcoin at any price, set your stop loss at -5% or -10% just to be sure in case the price down while you sleep

3. If you want to learn but you have fear, you can start being a day trader, a day trader always stay in btc or usd/eur, when they wake up they start to trade but at the time to sleep they sell all into btc/usd/eur

4. Try to find a way to increase slowly your capital, learn about Proof of Stake coins, use faucets or use signatures campaigns to increase your btc.

5. Never leave your coins in an exchanges, keep only the necessary to trade, a lot of guys and myself lose money because some exchanges got hacked, Remember Exchanges are not banks.

6. Learn how to store your coins safely, read about Trezor, Ledger, to store your coins, if you have your coins in your pc, always make a backup of your wallet.dat  (i know a guy who lost 300 bitcoins restoring his pc)

7. Always try to ROI first recover your investment, keep proffits and trade with that, as pundit and steve57 said, greed is bad, panic is bad, fear is bad.

8. Sometimes you need to cut loses, we need to deal with that and learn from it.

9. Be aware of scams, icos, cloudmining, never never trust in anyone, read, research, learn, read again, years ago, i got scammed by 2 cloudmining companies Gawminers and Ltcgear, if sounds to good then is not real.

10. Love what we do, trade is the best job ever, i read years ago this, "A good trader can win in a week more than a normal average person in a year" Not an easy task but with perseverance and some luck is real.

11. Keep trading and learning no matters if you are a Pro trader or Noob Trader, luck and mistakes are part of this journey, In 2017 i made 50k usd in a day, months ago i lose 50k usd in a day, and still trading.

     Im living only for trading crypto since 2014 and i love it.


Share some love if you like this post 

[Murat]

Trading in a safe way is not an easy task, You have to follow some basic principles and have to do mistake for sure, it's not a matter what you are losing it's a matter you are learning from this segment, once you lost, it doesn't mean that you always lose in your trading purpose. I think positive thinking is the main pillar of success in this platform, if you think too much then you can't decide what should do, For me, Right time click is the most important, you have to make a decision in a prompt way. If you are capable to take a risk then you can bring a good result from this trading, don't be panicked, stay confident and don't think about the lost money. You can aside some money as a backup volt, so all of your money should not be traded, this aside money will help you do further trading if you lose your first portion. Just Beware of the Scam and fake projects.

[jmigdlc99]

hi traders i am sharing my mistakes and experience so that it will help you

-snip-

Well, this list is at least, umm, fresh and original. Theres just a few points i don't agree on:

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films
-one can still earn and make a pretty penny from volatile markets, it's harder, but very much possible.

6) dont ever think to recover your losses , or trade against
-i think i know what you mean, but this kind of mindset doesn't work for everyone. better trade with a plan and not just be "reactive" with trading.

[miningguru]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

One of the best way to improve your trading is to ask some people who are in the trading industry already so that they can give you an advice on what you will do to earn more, 2nd you can do your own research on how to be successful trader this also helps you to improve your trading and earn funds that you've working out.

Experienced traders will give suggestions to the people, but they cannot guide when we enter into the market. After entering our feeling will change which we might lose our patience, so through our faults we can easily understand how to predict the prices. It is not a wise decision to look for higher profit when you are in day trading.

[Hippocrypto]

even if new traders read this tips 100 times they will commit mistakes only experience will teach what this tips really mean , experience is the best teacher and it will teach us everything , only thing new traders should remember is not to repeat those mistakes again and again

At least, they can get a new experience from the tips. No matter if they cannot make a profit, if they still trying, I am sure in the future, they can make a profit and some time, their profit will bigger than us. I agree that experience is the best teacher because with the experience, we can handle every problem that might happen and we can solve the problem.

I think with we making a mistake, that will help to improve our trading skills and who knows, we will be better to trade by that mistake. Usually, if we make a mistake, we can analyze what is wrong with our trade, so if we can find the mistake, I think we can get time to solve the problem, and that will help us in trading.

We must improve our trading skill from time to time because that is what we should do in trading and if we want to make a bigger profit, we need to keep learning from many sources.

 Right our experience is our teacher which has the ability to make us good trader other wise all traders are the same they will make mistakes and they will have to face the risk. It’s not only about listening or reading those tips from other traders until you try them and show how much will power you have to learn best tip given by you is not to walk on wrong way again and again, learn from your mistake and keep trading never give up, avoid panic.

Before you try to learn from that mistake committed, always hold on to the worst past experiences. Always look forward to learn on controlling your emotions towards difficult moments of trading. You can't expect trading to provide you comfort at all times, also consider hardships particular on those holders who tend to panic. Improving our trading skills should minimize those wrong decisions, and patience is very important.

[ethereumhunter]

Experienced traders will give suggestions to the people, but they cannot guide when we enter into the market. After entering our feeling will change which we might lose our patience, so through our faults we can easily understand how to predict the prices. It is not a wise decision to look for higher profit when you are in day trading.

Controlling yourself will be a solution to solve the problem. And if your problem is about patience, then with controlling yourself, you can stay calm, and you can analyze when the time to enter the market. I realize that when we enter the market, we can get a high tension that could make us lose patience. We can use the suggestion from experienced traders so it will be useful for us to analyze the market. But we need to search for another info so we can get into the market at the right time.

[bitcon]

The most important thing that I realized is that the first thing you should not forget is profit taking. No need to be greedy, this is the road to nowhere.
Always take profits. Even if locally you make a mistake fixing yourself ahead of time, globally this will give you a huge influx of funds.

The other day, I have read another golden rule we know about well, but forget it all the time when we trade cryptocurrencies. The trading guru, that 3 % who consistently receive income, are able to stop in time and not turn into a catastrophe just a bad day on the exchange. Moreover, they carefully analyze each similar situation in order to find the reason and continue not to repeat such mistakes.

[hahay]

The most important thing that I realized is that the first thing you should not forget is profit taking. No need to be greedy, this is the road to nowhere.
Always take profits. Even if locally you make a mistake fixing yourself ahead of time, globally this will give you a huge influx of funds.

The other day, I have read another golden rule we know about well, but forget it all the time when we trade cryptocurrencies. The trading guru, that 3 % who consistently receive income, are able to stop in time and not turn into a catastrophe just a bad day on the exchange. Moreover, they carefully analyze each similar situation in order to find the reason and continue not to repeat such mistakes.

Repeating the same mistakes are those who do not want to use their common sense and do not have a plan in doing so, in this case of course when you continue to do trades at least you will have a plan that in the end trading will improve for the better because of the experience possessed will make everything controllable in a mature way.

[skyline247]

the more greedy we are when trading, the more higher probability there is that we will lose money. However, there is also much higher probability to make more money. The question is, how much patience do we have and also it comes down sometimes to a bit of luck. Well, look actually isn't involved... But sometimes we get good timing in the market.

[rez303]

the more greedy we are when trading, the more higher probability there is that we will lose money. However, there is also much higher probability to make more money. The question is, how much patience do we have and also it comes down sometimes to a bit of luck. Well, look actually isn't involved... But sometimes we get good timing in the market.

This market does not have any luck for investors because everything we are doing here needs knowledge from this market and a small mistake in investment can make you lose a great amount of money. I think that with what is happening, the bear market will probably last for a few more years and this is definitely a big challenge for all investors. I personally hold a lot of big altcoins but I would consider selling if the market cannot improve by the end of this year.

[Strongkored]

-snip-

This is will just a theory because trader will have many reasons for not paying attention to this, and often because focus too much on profits and losses.

When get profits only think of ways to continue to add profit and so when lose only think of ways to cover losses.

Making trading records and evaluating important and also take a break to refresh mind.

[pieppiep]

even if new traders read this tips 100 times they will commit mistakes only experience will teach what this tips really mean , experience is the best teacher and it will teach us everything , only thing new traders should remember is not to repeat those mistakes again and again

At least, they can get a new experience from the tips. No matter if they cannot make a profit, if they still trying, I am sure in the future, they can make a profit and some time, their profit will bigger than us. I agree that experience is the best teacher because with the experience, we can handle every problem that might happen and we can solve the problem.

I think with we making a mistake, that will help to improve our trading skills and who knows, we will be better to trade by that mistake. Usually, if we make a mistake, we can analyze what is wrong with our trade, so if we can find the mistake, I think we can get time to solve the problem, and that will help us in trading.

We must improve our trading skill from time to time because that is what we should do in trading and if we want to make a bigger profit, we need to keep learning from many sources.

  Right our experience is our teacher which has the ability to make us good trader other wise all traders are the same they will make mistakes and they will have to face the risk. It’s not only about listening or reading those tips from other traders until you try them and show how much will power you have to learn best tip given by you is not to walk on wrong way again and again, learn from your mistake and keep trading never give up, avoid panic.

If we can learn from the experience, I am sure that we can improve the skills that will help us in the future. With the improvement of the skills, it's really mean for us to reach the goals to make a profit. We can learn from the other trader's tips, and I am sure that will give us a big chance to increase the profit amount.

I realize that improving our skills in trading is not easy because it needs to have the patience to learn from them. Usually, we need time to understand the point of the lesson so we can try to practice what we've got.

[MetalGear]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

I agree with this and I think this would be very helpful especially for beginners. But of all things, I think deeply knowing to trade and what you're about to trade is the most important. You need to understand how things work, what to do and what not to do so you can avoid any misconceptions and also make sure that you only give what you can afford to lose. Stay cautious so people and scammers won't be able to outsmart you. And lastly, listen to professionals and learn from their mistakes

[Oasisman]

No matter how many times a beginner reads about how to effectively trade if they havent experienced it yet they would always end up lossing some money.
This list probably was done by any traders or was totally aware about these guidelines, yet theres no better solutions to improve trading than your personal experiences.

[Best Dreams]

even if new traders read this tips 100 times they will commit mistakes only experience will teach what this tips really mean , experience is the best teacher and it will teach us everything , only thing new traders should remember is not to repeat those mistakes again and again

At least, they can get a new experience from the tips. No matter if they cannot make a profit, if they still trying, I am sure in the future, they can make a profit and some time, their profit will bigger than us. I agree that experience is the best teacher because with the experience, we can handle every problem that might happen and we can solve the problem.

I think with we making a mistake, that will help to improve our trading skills and who knows, we will be better to trade by that mistake. Usually, if we make a mistake, we can analyze what is wrong with our trade, so if we can find the mistake, I think we can get time to solve the problem, and that will help us in trading.

We must improve our trading skill from time to time because that is what we should do in trading and if we want to make a bigger profit, we need to keep learning from many sources.

  Right our experience is our teacher which has the ability to make us good trader other wise all traders are the same they will make mistakes and they will have to face the risk. It’s not only about listening or reading those tips from other traders until you try them and show how much will power you have to learn best tip given by you is not to walk on wrong way again and again, learn from your mistake and keep trading never give up, avoid panic.

If we can learn from the experience, I am sure that we can improve the skills that will help us in the future. With the improvement of the skills, it's really mean for us to reach the goals to make a profit. We can learn from the other trader's tips, and I am sure that will give us a big chance to increase the profit amount.

I realize that improving our skills in trading is not easy because it needs to have the patience to learn from them. Usually, we need time to understand the point of the lesson so we can try to practice what we've got.

Exactly trading is not an easy thing that you can make profit without doing anything, better just write down all your gain and failure and notice your mistakes so it will help you allot to gamble next time profitably. Traders should never say that he has become an expert because even expert traders are knowledge seekers.

[pinggoki]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Thank you for sharing your experiences in trading. Right now I will share some tips and experience on the trading industry here in cryptocurrency. First of all before you start on the trading world or industry or before you start to trade, better if you will go find and ask for some person who are really know what trading is and what the trading platform is doing for, and to those who are failing in trading don't worry, remember every rich person takes the path where it is risky and full of problems to be solved.

Indeed. Don't ever afraid to make a mistake simply because this is where we learn. Mistakes are more likely a fundamentals of trading, actually the more mistake you make the more experience you will gain however, if you made a same mistake and never learn then I'd say there's a problem upon you. Don't enter in the industry without having any knowledge because this will be a problem. Another tips, always control your emotions while trade, risk only the money you can afford to lose and have a trading plan.

[Paulinerims]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Nicely put! everybody learns on their own mistakes. Especially for beginners its important that they understand there'll be ups&down. But its important to start trading or investing when you acquire some knowledge. There aren't many educational sites out there really. I heard of the new project Newscrypto.io which I'm using now and its in process to provide real knowledge and information about crypto ..

[dimonstration]

The most important thing that I realized is that the first thing you should not forget is profit taking. No need to be greedy, this is the road to nowhere.
Always take profits. Even if locally you make a mistake fixing yourself ahead of time, globally this will give you a huge influx of funds.

I realize this too when the next pump or bull run is nowhere to be seen as of this time. Getting some profit to secure real life financial spending and to secure some amount better. But we all makes mistakes, became greedy and regrets it but we must move on and strive harder to gain even the market is not in favor of us yet.

[jamesndungu1]

hi traders i am sharing my mistakes and experience so that it will help you

here are the mistakes i did and the with experience i got answers to my mistakes  

1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need

2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short

remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience

at first your goal must be to protect your capital , and then protect your profits , dont risk everything
 
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis

4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you

5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films

6) dont ever think to recover your losses , or trade against

7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common

8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this   and just go through this when you are free trust me it will help too much

9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )

10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )

11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is  not easy we must work-hard to achieve it    

12) i am sure if you follow this rules you will see changes in your trading ,

if any experienced traders do have some points that will help traders please highlight it


13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)

Trading is a craft which requires a lot of patience, hard work and expertise. As a trader who is still working on improving my trading skills, I am very open to positive criticism and tips from other traders who are more experienced than me.Market research is also a must in this space, I need to keep abreast with what is going on in the market as well as find trading platforms which are more suitable. I also make a point to look for nay tips top reduce the risks before engaging in any trade.

Thank-you for your tips!

[Apaxy]

Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.

[bitcon]

Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.

Trading without too many emotions is the best policy. Before starting to open a transaction, experienced traders always make a preliminary calculation, clearly identifying for themselves the levels at which the market entry point, transaction volume will be determined, as well as a stop loss and take profit orders.

This allows not only to see how expedient the deal is, but also to guarantee yourself peace of mind.

[Rebisco]

always follow your trading plan! At first it is hard to follow my trading plan because of my lack of discipline. We can manage our portfolio better if we have trading plan. We should also control our emotions when we are trading in order to not make a bad decision.

[Faxmate]

Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.

Trading is some good profession and it really gets a whole new meaning when the market to do trading in is the volatile market of digital currencies. As you said, everyone is a beginner at some time and every one sees failures of his share. A man learns from his mistakes. Also, if someone wants to earn more, he is expected to work more too. Seeking advice from experts and doing own research can be helpful.

[matchi2011]

Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.

Personal advisers who really concern about your growth and not just after your money is very helpful to enhance your understanding about this market. For experience traders who are willing to share their views without any hidden interest you'll be able to catch good things and numbers
of combinations that will increase your chance to improve your knowledge and make a better outcome from this business.

[Artime]

Indeed, a personal consultant is a huge help, but the most important thing here is to come up with a competent and balanced approach to the choice.

[freedomgo]

Undoubtedly, trade is a lot of work, requiring great experience and knowledge.  Nevertheless, each trader started from scratch, not even having basic knowledge.  Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media.  I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere.  I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.

Personal advisers who really concern about your growth and not just after your money is very helpful to enhance your understanding about this market. For experience traders who are willing to share their views without any hidden interest you'll be able to catch good things and numbers
of combinations that will increase your chance to improve your knowledge and make a better outcome from this business.

If you have the budget to pay the professionals to teach you, then why not take that opportunity. As for me, I don't really do that since I don't have a lot of budgets and I know I would still learn by just self-educating myself, and I'm pretty sure our good traders here just educate themselves and it's not hard as we can access the necessary information needed to learn how to trade if we are resourceful enough.

[Pasa32]

I think every trader should set a target to win a day like his own ability and his investment, i'm talking about day traders, but here we can consider the long term holders too, So everyone should set a target even if they made a loss , that loss will be not that much because they will lose a small amount which can't hurt them. But risk management should be kept in mind.

[carrigan]

The risk is definitely there and can happen at any time. To eliminate it is not even possible, what can be done is to reduce the risk so that our trading is safer. Steps that can be taken are planning and implementing a strategy. Although many traders still fail with the strategies they do, at least there is anticipation so that the strategy is important. Especially for beginners who are often confused and indecisive when facing the market, strategy is the answer and solution to their confusion. So prepare a mature strategy that is suitable for you and adjust it to the market conditions.

[Beparanf]

The risk is definitely there and can happen at any time. To eliminate it is not even possible, what can be done is to reduce the risk so that our trading is safer. Steps that can be taken are planning and implementing a strategy. Although many traders still fail with the strategies they do, at least there is anticipation so that the strategy is important. Especially for beginners who are often confused and indecisive when facing the market, strategy is the answer and solution to their confusion. So prepare a mature strategy that is suitable for you and adjust it to the market conditions.

Saying it objectively is very easy but doing it is very hard like setting strategy and whatsoever. Having a strategy is crucial and there's no newbie that can develop a working strategy at few trades. Remember that trading means you are competing other to win. You are winning because other trader is losing. In reality, Trading is a battle of strategy of each traders so if you are doing the common strategy, You have a high chance of success because you have a lot of competitors that taking profit ahead of you.

[blockman]

Indeed, a personal consultant is a huge help, but the most important thing here is to come up with a competent and balanced approach to the choice.

If you can avail to have that person beside you as you improve your trading ability, that's so much better. But in these times, you barely find that someone who's going to focus on your trading habits and help you improve your way. As usual, there's a cost by finding one to stay on your side until you think that you're good at it already. That's why you need to practice and it's only you that can make yourself better, get some free tips through searching, and then apply what you've read when you trade.