This will help to improve your trading

[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.

[1714311421]

1714311421

[1714311421]

1714311421

[1714311421]

1714311421

[1714311421]

1714311421

[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.