This will help to improve your trading

[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.

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[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.