The three biggest mistakes you should avoid

[Classica35]

• Panic Buy/Panic sell.
  In both cases, you will lose your money

This us one if the biggest enemy to crypto enthusiasts and it is one of the biggest mistakes we make. Although, after making a mistake of this firm, we tend to learn from it ad retrace  our steps.
Most of the times, those who panic buy, will end up panic sell. Therefore, courage is very essential.[/list]

[Dreamchaser21]

You made a valid point, never panic buy or panic sell, try to know the root of the news causing the panic, also try to manage ur capital also, when trading, stop loss must be taken into consideration.

Panicking are normal to people, its hard to covince them not to panic buy/sell. Education is a must for them to be more confident, and having right knowledge can be a good factor for them to stay focus. These mistakes will continue to happen if they allow this to happen, proper control should be done.

[zenhu]

• Panic Buy/Panic sell.
  In both cases, you will lose your money
• Ignore Capital management.  
  If you ignore Capital management you will be gambler not trader
  
• Following a signal Without risk assessment or stop loss.
  You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
  by this way you can set Your Own risk and know what you do.
  

One thing that always ignored by us, the price movement. This is different between trading or gambling, we must know about technical or fundamental that can support candlestick movement. I'm agree with above, we must be patient to wait for good condition to buy coin, management can help trader from overtrade that make us lost so much, then we must set stoploss to limit our losses.

[SistaFista]

• Panic Buy/Panic sell.
  In both cases, you will lose your money

~

Man, this is what manipulators of cryptocurrency usually use to generate their own profit.
Some pump and dump groups are trying to make profit by pumping the price of a certain coin, and sell it after many buyers doing panic buying.
This is why we need to analyze the market movements before buy or sell our coins.[/list]

[cafee_orange]

you are right, many beginner traders still experience panic sell so they lose in trading, everything here will have its own risks, brands that already understand trading are very patient in seeing opportunities for profit. we have to learn a lot about that.

[Caladonian]

you are right, many beginner traders still experience panic sell so they lose in trading, everything here will have its own risks, brands that already understand trading are very patient in seeing opportunities for profit. we have to learn a lot about that.

Emotions played the worst thing ever to happen to your journey inside this business, if you can't control it, most of the time you'll suffer from making mistakes as you'll be moved by any market situations, you have to be precise when you are inside this market don't let mistakes to pull you down but instead try to work without any emotions you'll find success after you conquer your fear which created by your emotions.

[Delilonia1]

• Panic Buy/Panic sell.
  In both cases, you will lose your money
• Ignore Capital management.  
  If you ignore Capital management you will be gambler not trader
  
• Following a signal Without risk assessment or stop loss.
  You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
  by this way you can set Your Own risk and know what you do.
  

I totally agree with you 100%. In cryptocurrency, if one is not careful to take due diligence into what is needful, one will end up being a gambler instead of a trader and with that, frustration is imminent. It is possible one gambles at some point and it works well but when failure will hit that individual, the blow will be mighty

[StatesManG]

• Panic Buy/Panic sell.
  In both cases, you will lose your money
• Ignore Capital management.  
  If you ignore Capital management you will be gambler not trader
  
• Following a signal Without risk assessment or stop loss.
  You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
  by this way you can set Your Own risk and know what you do.
  

that's a very nice lesson.  But I have tend to study human being and I have noticed many of humans don't like following the rules. Many don't have patience and end up making mistakes.  I hope this can teach them something

[Jatawneh]

that's a very nice lesson.  But I have tend to study human being and I have noticed many of humans don't like following the rules. Many don't have patience and end up making mistakes.  I hope this can teach them something

humans don't like following the rules is because of greedy human nature if you get it off you can be good trader in all times, just learn when it is time to take profit.

[Jatawneh]

• Panic Buy/Panic sell.
  In both cases, you will lose your money

Man, this is what manipulators of cryptocurrency usually use to generate their own profit.
Some pump and dump groups are trying to make profit by pumping the price of a certain coin, and sell it after many buyers doing panic buying.
This is why we need to analyze the market movements before buy or sell our coins.[/list]
[/quote]

To avoid this pay a visit to the coin community that you see it pumping , try to know whether their is real news and update that make the coin pump or if no update and now reason you know this is a pump. in All cases if a coin pump do not follow the pump.
As I learn if you miss a train just wait for the other one do not rush.   

[Nasonn]

Market manipulation is a very big issue in crypto, both exchanges and traders rely on it to make profits at the detriment of unsuspecting traders. So it's important to be very careful in whatever one is doing.

[zzortyx]

Mistakes that you make in the crypto-currency sphere always lead to the loss of your money..simply from different mistakes you can lose more or less. Lost profit can also be considered a loss.

[Saisher]

• Panic Buy/Panic sell.
  In both cases, you will lose your money
• Ignore Capital management.  
  If you ignore Capital management you will be gambler not trader
  
• Following a signal Without risk assessment or stop loss.
  You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
  by this way you can set Your Own risk and know what you do.
  

Before you implement this you should first know your risk level then go and implement these three do not go investing without setting the rules and without the right tools to analyze all the coins that you are going to invest, it will take time but it's worth it.

[Goodvalony]

a good advice from a professional trader. it shows how classic and experinced you are. kudos to your advice. we need to understand that the market is been manipulated by big old whales and they never loose. it is under control. all you need to do is trade with caution to avoid getting burnt.

[dabenko]

Under no circumstance should you invest in a coin without proper monitoring and careful control. Some people do not know how to use the stop loss function on exchanges, which can be harmful to any regular trader. There are materials online that readily explain this process. Learning it now will help you evade any regret in future.

[AwoCorporation]

Mistakes that you make in the crypto-currency sphere always lead to the loss of your money..simply from different mistakes you can lose more or less. Lost profit can also be considered a loss.

we should be able to learn from the first mistake, and not repeat it again. or at least reduce the risk of errors in the future.

[Icologies]

• Panic Buy/Panic sell.
  In both cases, you will lose your money
• Ignore Capital management.  
  If you ignore Capital management you will be gambler not trader
  
• Following a signal Without risk assessment or stop loss.
  You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
  by this way you can set Your Own risk and know what you do.
  

most of these mistakes often occur especially those who are new to trade in the crypto world. don't be afraid of mistakes, fix these errors immediately, and always learn to continue to grow. it is not easy to become a successful trader, all of them need processes depending on whether they want to proceed or stop at the place.

[BitTraderCute]

• Panic Buy/Panic sell.
  In both cases, you will lose your money
• Ignore Capital management.  
  If you ignore Capital management you will be gambler not trader
  
• Following a signal Without risk assessment or stop loss.
  You will be like Jumping into the ocean without a lifeline jacket at, before do anything, look at your risk and reward and what your stop level is.
  by this way you can set Your Own risk and know what you do.
  

most of these mistakes often occur especially those who are new to trade in the crypto world. don't be afraid of mistakes, fix these errors immediately, and always learn to continue to grow. it is not easy to become a successful trader, all of them need processes depending on whether they want to proceed or stop at the place.

there are basic mistakes that did by begineer when they entering cryptocurrency market.they think after buying coin it will give them profits automaticly.so most of them felt lazy to train their skill and knowledge.after suffering lot of loss they realized that investing need knowledge.

[igor.vanyutin.83]

The worst mistake in my opinion is the lack of diversification in your trades and portfolio. You just cannot enter any coin with 100 percent of your deposit. Split your portfolio among the best rated altcoins and invest in perspective coins none more than 10 percent.

[NathanJB]

Great explanation without using much words. I commend you OP for this very simple yet comprehensive advice. I think this is enough for everyone to get reminded of the things that should not be forgotten once starting to trade and/or invest. There is no better investor than one who is careful in every step of the way.