Mistakes newbie makes in trading resulting to losses

[Question123]

Newbie is very greedy especially when there's someone saying it easy to get money on trading and etc.  Wherein always jumping even have no knowledge about it and when they don't know what to do after putting money  they will repenting and will blame others and sometimes making complaint that crypto is a scam afterwards.  Lol  it's very funny actually how newbies reacting when making mistakes here inside of crypto world.

Newbie is greedy right because their knowledge is not enough about crypto on how it works. But everything have process for sure even us who are now successful trader when we are newbie last few years ago for sure we ate greedy too but now I contented when I get some profit. Achieving high profit is not bad as long as the coin is really potential like the bitcoin, ethereum and the litecoin.

[Indamuck]

In simple terms, in my opinion, if we want to succeed in trading, how do we make decisions, whether it's the decision to choose coins and also the decision to buy and sell, we can get them if we can control ourselves or not be easily panicked

Panic is an emotional problem that is difficult to control. Beginner traders have a great opportunity to panic and get caught up in trading emotions. yes..this can be trained by continually trying to trade and be patient. this is the hardest part for traders

This is why many people just recommend to hold and not look at prices everyday.  Every investment will go up and down and bitcoin is the extreme version of that.  Most people can't handle their emotions when dealing with these types of crazy price movements.

[BitcoinTurk]

First of all, I would like to begin by stating in my own message that the only reason for the loss of new investors is that they do not use the stop loss feature. As you mentioned in the first article, the use of stop loss is a very important element when trading. On the other hand, in addition to this error, the fact that you do not use any strategy and panic sales, as you mentioned, is another factor that causes the loss of new investors. In addition, it is a very serious mistake that the whole capital is used in a single option because of the dreams of gaining in a quick way, because the fact that the portfolio is attached to a single area causes both the investor to make stress and not to make careful decisions. On the other hand, profit needs to be satisfied with sales. When the target is reached, we should not set new targets, and achieve our profit margin over our first target.

[CoinCollect]

Some people are better off failing first, before they can learn before they realize how important it is to learn. Beginners want to get everything at once, but it doesn't work that way. You can be successful only after going the hard way.

[Babyrica0226]

Majority of the newbie's mistakes are they intend to earn as much as possible, then greediness always lead them into losses too.
And most of all they are very impatience as a novice traders which is not the quality of a true trader. They are lazy on learning about in trading knowledge also.

[ajdaj]

Majority of the newbie's mistakes are they intend to earn as much as possible, then greediness always lead them into losses too.
And most of all they are very impatience as a novice traders which is not the quality of a true trader. They are lazy on learning about in trading knowledge also.

The fact is that I know such people who did not read smart books, but began with practical exercises on trading platforms. Of course, this brought not only successful, but also unsuccessful transactions. But it only strengthened them. Today, these are quite professional traders and they break the stereotype to train new professionals.

[Supercrypt]

Panic is an emotional problem that is difficult to control. Beginner traders have a great opportunity to panic and get caught up in trading emotions. yes..this can be trained by continually trying to trade and be patient. this is the hardest part for traders

I don't think so. In my opnion, the hardest part for traders is to identify when to enter and exit. This is very crucial part because in just a wrong decision, it can result to losses and more patience to wait it to rebounce or decline.

In which no trader has ever found it so easy in deciding when to enter the market or get out of the market except by using the technical analysis and fundamental analysis to study the market and decide when to trade which has really helped a lot of traders in their decision yet, studying indicators is not an easy task, it is also time consuming but we have no choice because if we are to do or trade with our intuition alone.

There is chances of us missing out of the trade, we just have to mix the three together to have a successful trading, Intuition without emotion, technical and fundamental analysis.

[bitzizzix]

In simple terms, in my opinion, if we want to succeed in trading, how do we make decisions, whether it's the decision to choose coins and also the decision to buy and sell, we can get them if we can control ourselves or not be easily panicked

Panic is an emotional problem that is difficult to control. Beginner traders have a great opportunity to panic and get caught up in trading emotions. yes..this can be trained by continually trying to trade and be patient. this is the hardest part for traders

This is why many people just recommend to hold and not look at prices everyday.  Every investment will go up and down and bitcoin is the extreme version of that.  Most people can't handle their emotions when dealing with these types of crazy price movements.

Most of it happens to beginners who are not based on experience and knowledge in trading, and I think the old players will not make mistakes in trading because they have experience from before.
trade requires patience and calm in a declining market situation and wise in overcoming it.

[HODL2090]

The reality of trading is as a newbie you are bound to make one mistake or the other resulting in loss. It's a learning process, reason why you are advised to start at small regardless of the amounts at your disposal.
Trading takes time and experience.

[dark08]

Majority of the newbie's mistakes are they intend to earn as much as possible, then greediness always lead them into losses too.
And most of all they are very impatience as a novice traders which is not the quality of a true trader. They are lazy on learning about in trading knowledge also.

Because lack of knowledge in trading newbie's emotional are uncontrollable which resulting to make a wrong moves in trading its not easy to earn profit but like what sait in OP you need take advantage to make a good result because emotion is the no. One enemy of trader.

[Finestream]

The reality of trading is as a newbie you are bound to make one mistake or the other resulting in loss. It's a learning process, reason why you are advised to start at small regardless of the amounts at your disposal.
Trading takes time and experience.

I agree.Trading is a learning process so it will take time for you to learn new strategies in trading that will mold you to be a good trader after a long years of experince.Mistakes will surely happen especially for newbies but as you keep on trading throughout the year,you will learn to minimize your losses and maximize profit.

[Malsetid]

Majority of the newbie's mistakes are they intend to earn as much as possible, then greediness always lead them into losses too.
And most of all they are very impatience as a novice traders which is not the quality of a true trader. They are lazy on learning about in trading knowledge also.

Because lack of knowledge in trading newbie's emotional are uncontrollable which resulting to make a wrong moves in trading its not easy to earn profit but like what sait in OP you need take advantage to make a good result because emotion is the no. One enemy of trader.

Right. Most newbie mistakes are run by emotions. Greediness, panic , these are things that a trader can overcome if he manages to stay long in trading. The more you make trades, whether successful or not, the more they'll have sturdy decision making that doesn't depend or rely on the current market movement. That's because they learn new skills and trading features to hel them out.

[gabbie2010]

5- Trading with 100% of the portfolio in only a single trade instead of spreading hard earn money in different trade.

This is exactly the mindset of many newbie traders trading with their total portfolio risking the whole account which amount to burning  the whole account obviously having a get rich quick mentality.
I will only recommend trading with 2 to 5 percent of the total portfolio with a good stop loss and good trading strategy although there is no perfect strategy but a good money management will cater for any loss incurred in the course of trading.
A good risk to reward strategy will ensure a trader making profit in a long term or runs with a sound compounding using a calculated excel sheet.

[Cherylstar86]

5- Trading with 100% of the portfolio in only a single trade instead of spreading hard earn money in different trade.

This is exactly the mindset of many newbie traders trading with their total portfolio risking the whole account which amount to burning  the whole account obviously having a get rich quick mentality.
I will only recommend trading with 2 to 5 percent of the total portfolio with a good stop loss and good trading strategy although there is no perfect strategy but a good money management will cater for any loss incurred in the course of trading.
A good risk to reward strategy will ensure a trader making profit in a long term or runs with a sound compounding using a calculated excel sheet.

Mistakes are part of learning process in the field of trading. Not setting a trading plan is one of the mistakes of newbies and expecting to be rich anytime soon. Setting a well-defined trading plan is important as it will help them know their exact entry and exit points, the amount of capital to be invested and the amount of maximum loss they are willing to take. Trading is risky, they have to be mentally and emotionally tough. It takes preparation, determination, awareness, and understanding. Newbies have to be aware about money and risk management factors and to never stop learning inorder to acquire more knowledge and prevent from these mistakes.

[mersal]

Sometimes the mistakes will be easy solved besan and its type but in most of the time it will definitely give the loss and it will be at learning for everyone not to make the mistake again and it will not be a big problem in trading it happened in sometimes for everyone so don't worry if you are made some mistake it can be changed easily.

[yvesp110]

Sometimes the mistakes will be easy solved besan and its type but in most of the time it will definitely give the loss and it will be at learning for everyone not to make the mistake again and it will not be a big problem in trading it happened in sometimes for everyone so don't worry if you are made some mistake it can be changed easily.

I know everyone do this kind of mistakes which helps us to know and learn even more than before but those who don’t learn from mistake suffer big lose at the end, but make sure you don’t hurry to sell and trade for day if you are new, after gaining knowledge you can take decision but till then trade for long term and don’t be greedy.

[darewaller]

Sometimes the mistakes will be easy solved besan and its type but in most of the time it will definitely give the loss and it will be at learning for everyone not to make the mistake again and it will not be a big problem in trading it happened in sometimes for everyone so don't worry if you are made some mistake it can be changed easily.

Trust me, not everyone is able to tell where and when they are making a mistake. Some will be making a mistake but won't be able to detect where the mistake is coming from. If you are able to detect what caused the problem and why you're losing, then you will be able to solve the problem without much stress.

A lot of them I know don't even make use of stop loss and they keep on losing whenever try set a trade. And they are fond of emotional trading which is very bad. Anyone who wants to be a an expert trader should learn not to trade with their emotion. Some trade with fear and some are greedy. A lot of them greedy, they are mostly the ones that bought at peak with plans to hodl and make millions a day but it didn't work out lol.

[manggis97]

Greedy, FOMO and unpatient is some mistake that alot of newbies doing in trading. They will  confident to buy crypto after the price high but fear to buy when the price low because they just thinking crypto will keep getting low.  After this long bearish and all crypto dumped hard,  the easy way to make profit is by doing long term trading and choose only good coin. 

[gilangIDR]

A newbie must continue to learn because they cannot possibly learn and get results quickly. Experience and skills must continue to grow because knowledge of market cryptocurrencies is very important for a trader. When all these phases have passed, a trader can be successful. The most important thing is to be able to get profit margins from selling and buying, various strategies are indeed many but the important thing is profit. For everything to be simple, we will feel comfortable in trading.

[BeGoods]

In simple terms, in my opinion, if we want to succeed in trading, how do we make decisions, whether it's the decision to choose coins and also the decision to buy and sell, we can get them if we can control ourselves or not be easily panicked

Panic is an emotional problem that is difficult to control. Beginner traders have a great opportunity to panic and get caught up in trading emotions. yes..this can be trained by continually trying to trade and be patient. this is the hardest part for traders

This is why many people just recommend to hold and not look at prices everyday.  Every investment will go up and down and bitcoin is the extreme version of that.  Most people can't handle their emotions when dealing with these types of crazy price movements.

Thats for holder / long term investors must do. For a trader, of course looking at the market and chart at any time is important to find for opportunities. if you are a trader, then you must be strong against difficult conditions. Don't be weak just because the price falls then you panic, it's not the nature of a true trader.