Mistakes newbie makes in trading resulting to losses

[Aivaryamal]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

[Xenrise]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse.

[ToyotaFortuner]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse.

at least the mistakes you have made can be very important lessons for you so that now you have had a lot of experience and can make you rich and successful when trading.

[ethereumhunter]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

They are become greedy to chase the profit which they cannot always make, and it only makes them get to lose money. Having patience in trading is a must, and we should know that in the market, the price will move so fast and sometimes we are too late to follow, so we need to adjust our buy and sell price again. Besides that, sometimes newbie are forgotten to spread their balance into a few parts, and they will go all in for the money, but then they lose again.

[MFahad]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

Of course the main reasons why people trade is because of the profit there, take away the profit and the interest is gone. The only problem about pursuing this profit is to not get greedy at they instance and also knowing when to stop. Moreover, trading is not for everyone, if you can not control or get hold of your emotions, it's best not to enter into trading.

Profit is the main element to do trade, but if we maintain our attitude during trading and control our greediness then we have a lot of chance to earn profit, but when we miss our chance to earn profit that meant the time is starting of our loss.
Well, we talk about newbie, sometime newbie get big profit by chance or luck wise, then they sure over confidence, that's why we said that we learn or earn from trading our experience wise. 

[Malsetid]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse.

at least the mistakes you have made can be very important lessons for you so that now you have had a lot of experience and can make you rich and successful when trading.

Trading for a long time doesn't excempt you from making the same mistakes as newbies would. I've been doing trades for almost 6 years now and there are times when i still fall to either greed or panic when the market moves steeply. The advantage that we have is that we have experiences that we can rely on to make up for those mistakes, unlike newbies.

[swetka]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse.

at least the mistakes you have made can be very important lessons for you so that now you have had a lot of experience and can make you rich and successful when trading.

Trading for a long time doesn't excempt you from making the same mistakes as newbies would. I've been doing trades for almost 6 years now and there are times when i still fall to either greed or panic when the market moves steeply. The advantage that we have is that we have experiences that we can rely on to make up for those mistakes, unlike newbies.

I think that beginners are much more attentive in the cryptocurrency market, and they are trying to make much fewer mistakes, yes, while taking into account the many nuances that professionals are talking about.

[Hannahanto]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse.

at least the mistakes you have made can be very important lessons for you so that now you have had a lot of experience and can make you rich and successful when trading.

Trading for a long time doesn't excempt you from making the same mistakes as newbies would. I've been doing trades for almost 6 years now and there are times when i still fall to either greed or panic when the market moves steeply. The advantage that we have is that we have experiences that we can rely on to make up for those mistakes, unlike newbies.

I think that beginners are much more attentive in the cryptocurrency market, and they are trying to make much fewer mistakes, yes, while taking into account the many nuances that professionals are talking about.

Yes. Current gen traders do really spend time in analyzing the market and then pitch into trading then just get in and learn from loosing their money. I would say the reason behind their awareness is the seniors who really share their advices and experiences. Beginners now a days, do spent money on training them instead of investing the same amount in trading initially. I would say its a good move as well.

[DeadCoin]

When i began my trading, i really struggled a lot in the beginning and yes lost 40% of my investment in the beginning Then, yes learnt little by little and tried trading with less amount. Though the profit was less, it was smoothing and satisfying. Then yes, started with good investment. Getting enough returns from day trading.

[KlepZ]

The most common mistake that people getting into forex trading make is that they get into forex trading.

The next most common mistake is that they subscribe or follow websites and individuals who claim to help them (see some of the door-to-door salesmen answers to this question).

The next most common mistake that new forex traders make is that they are not to blame when they lose, they convince themselves that the markets are rigged and they (the mysterious association of the faceless they) are to blame for the money the new trader lost.

[mrdeposit]

The main mistakes of novice traders is the pursuit of profit, and most importantly in this case, the movement of assets and clear certain goals in numbers

That's not just mistake for a novice trader. It's a mistake to all, it applies to all and also me. I've been trading for almost 2 years now, I'm just following the trend. It sucks losing trades of course, but chasing profit is not the key for you to win those trades you lost. It could get worse.

at least the mistakes you have made can be very important lessons for you so that now you have had a lot of experience and can make you rich and successful when trading.

First of all, let's close the issue that crypto will make us rich. Because the only difference of crypto is that it has a volatile price, and the price will not always move upward. Also, mistakes are the best way to learn the truth, it is not made by newbies, but also by older ones. Just try to learn all the time from your mistakes.

[Yamifoud]

The most common mistake that people getting into forex trading make is that they get into forex trading.

The next most common mistake is that they subscribe or follow websites and individuals who claim to help them (see some of the door-to-door salesmen answers to this question).

The next most common mistake that new forex traders make is that they are not to blame when they lose, they convince themselves that the markets are rigged and they (the mysterious association of the faceless they) are to blame for the money the new trader lost.

Is not only for forex trading but also with the other trading sites.
It actually we can't just put a blame with noobs cause they have that huge knowledge in trading but also for the old one's. Very often that they'll be losing as they are in the adjustment and learning process but it takes also the consideration that they could be successful in the future.

[co5hike]

Before entering the market you need to prepare yourself psychologically.In fact, I would say that the loss of the first deposit is very useful.Sift out the weak and make it clear their mistakes strong. In this area, money is the best teacher.

[playboy654]

A little mistake will leads to a huge loss so the newbie should definitely need to understand the situation with less investment then only the huge investment will be probably not been any confusion and the trading is also not been difficult for you.

[BestSSS]

All these rules are undoubtedly tutorials for beginners, but even following them the chances that a beginner will lose everything just because of his inexperience. In trading, it is very important to learn how to cope with your emotions and then all the rules will be able to be fulfilled. Again plays a huge role, and even better for a start it is necessary to lose everything and start anew, then you will think absolutely differently.

[radjie]

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.

therefore we must have a mentality to start trading in this field. before starting the trade we must be able to know the risks that will be faced. for example, recent bitcoin price movements tend to decline more often, with this situation we must be able to calmly face the downward trend in sustainable market prices so that there is no panic and can easily throw away our investment assets without thinking about future growth

[zhengqi]

I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.

[Julie_ee]

The scheme is useful indeed, but i think it is also highly important to make sure the platform keeps your data safe. There has to be some additional security features, 2FA or else

[jhonjhon]

I myself am still new to trading and I have made some of these mistakes more than once. But now I'm smarter and I realize how important it is to have a strategy and follow the rules.

Good to you mate and you may learn it now. It is better to experience losses so we know what where we are wrong and to find the best solution for it won't happen again. It is not newbie have facing losses but also for the old ones. There is no need to be afraid of losses but this is away to build us stronger and wiser.

[Reid]

I just hope this came base on your own experience because it all happened to me.

I got up from my mistakes and never let it happen again, although there are still moments where you cannot prevent it.
Recently, I made a profit for like $300 but I am just worried of whoever bought it.
The price of that token when I sold it is like $0.2 and now at $0.01

That is a lot of loss but that is trading I guess, there are users who lose now and maybe a lesson will be learned afterwards.