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Author Topic: What is the most important lesson you have learned in trading.  (Read 864 times)
crwth
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July 31, 2019, 07:07:47 AM
 #61

To answer this straight forward, the most important lesson in trading is that, Don't Rush

I'm saying that because if you are rushing too much and you are putting much money at risk, it's not going to end well. Yes, of course, you had some couple of wins where you have traded well and gained high percentages. In life, there's no fairytale. You could really end up losing more than you hoped for. That's what happened to me and some of it is regret. I regret being greedy, I didn't stick to my rule of thumb when trading, being impatient with what's happening, etc.

I don't want to experience losses that I couldn't bear, it's better to control risk and the capital involved so that you wouldn't hurt much. As long as you know what you are doing, you could manage to continue it and possibly profit.

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July 31, 2019, 11:37:44 AM
 #62

I can't say that there are only a few because, to be honest, even though I am not still at that point, I knew things that I think I will never be able to learn if I did not encounter cryptocurrencies.

I guess the most important lesson I learned is to not be always looking at the part where I should earn. The reason we are investing or trading is because we want to earn, right? But this is cryptocurrencies and the risk is high so, I don't usually look at earning since I never know what will be the result of that trade, all I know is that I should do what I should do so if that trade of investment did well, I will earn, if not, at least I did not expect it will and I can continue trading and investing again and not lingering on that mistake that in my part, usually affects my next trades and investments.

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July 31, 2019, 02:03:23 PM
 #63

If you joined in any ICO or IEO, once you get the payment (it should be the token) don't forget to sell it once their price reached $1, because nowadays it's very difficult for new token reached that price, so don't wait too long


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July 31, 2019, 02:55:25 PM
 #64

 For me, the lesson I learned is that when people fomo too much about a project, run and don't invest with them.
I was wronged twice this time despite those projects at the bull run period.
Therefore, my experience is to do the opposite of the majority.

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July 31, 2019, 03:00:29 PM
 #65

Lesson learnt is loosing my funds without securing my account with 2fa.

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August 01, 2019, 08:10:14 AM
 #66

You gotta find the platform that fits you perfectly
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August 01, 2019, 08:22:17 AM
 #67

You gotta find the platform that fits you perfectly
it’s not easy to do, tbh
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August 01, 2019, 08:55:33 AM
 #68

You gotta find the platform that fits you perfectly
it’s not easy to do, tbh

Yeah, I usually work on either binance or monfex
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August 01, 2019, 10:14:12 AM
 #69

What I got from crypto trading is about controlling my emotion when I see the price is up and down and not reach my target buy or sell, and that will make me confuse. But then, I learn more that I need to be patient for a while, don't attract to the current situations, always think and make the other way to solve the problem. I still learn until now because I don't think that there is a time for me to stop learning because I still want to improve myself to face the situations.

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August 01, 2019, 06:52:04 PM
 #70

In my opinion, for a beginner, there is not the most important lesson worth paying attention to, since for a person who is just starting to learn trade, studying the whole subject is the most important lesson.  A trader who already has experience may encounter a situation that will affect his future actions and this may become his really new and good lesson.

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August 01, 2019, 07:03:15 PM
 #71

I have learned not to hold any coin for too long because it can turn worthless or a dump. Sekk off once you have the urge or need to. Crypto is an unpredictable business and I have got myself some losses trying to keep some coins that later became a scam.
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August 01, 2019, 07:31:18 PM
 #72

In my opinion, for a beginner, there is not the most important lesson worth paying attention to, since for a person who is just starting to learn trade, studying the whole subject is the most important lesson.  A trader who already has experience may encounter a situation that will affect his future actions and this may become his really new and good lesson.
Making mistakes in the crypto trading can be the best lesson to be learnt if the person who to take something out of the previous mistakes and do the next trade with better caution then the trader could be one of the most successful person. Depends on what kind of career ahead of the person doing trading decide what lessons need to be learnt if they are going to be trade in very long term then they need to pick the right kind and hold on to it not much of lessons needed.
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August 01, 2019, 08:25:14 PM
 #73

I learnt only one thing that is do not delay the decision because if it was not good also when they were taking it very quickly it will not affect the trading but if we think and think only it will affecting our trading journey that's way to not delay and makes the decision very quickly it will not affect anything

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August 01, 2019, 08:50:16 PM
 #74

i have very little idea of trading am i must say that i have followed this pattern for long and i must say it is amazing. it works for me but i am still batting with the issue of FOMO. I fall victim for several times. buying in the bull market. A wrong step that i have failed to correct several time.
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August 02, 2019, 09:15:11 AM
 #75

One thing I have learned is that if you're trading, always try to accept loss. If you lose a trade,  don't try to fight much in trying to recover everything cause it might just lead you down the road of extra losses.  So, it's best to just accept that you lost and wait for another and also try to do some research that might be of help the next day you trade.

I also do forex and stock market same as you,  and I also do binary which is the same thing as forex and crypto. I don't really have to be stressing myself with doing research on forex because I make use of a platform that allows copy trading. So, I focus more on crypto and then copy experts on forex trading, placing trades as they place and making money when they are making money,  and losing when they lose as well.


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August 02, 2019, 11:44:26 AM
 #76

I have learned not to hold any coin for too long because it can turn worthless or a dump. Sekk off once you have the urge or need to. Crypto is an unpredictable business and I have got myself some losses trying to keep some coins that later became a scam.
Well, that's a lesson we should recognize in a market like this because so many people are abusing this holding for a long time like in the past, they always think this is a safe method for them but they don't know, whales and markets are constantly destroying such goals, the purpose for this process is to want shy people to leave the safe area, want this market to have a higher trading volume. After this lesson, it means that people need to upgrade every day before the market attacks them, should not be arrogant

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August 02, 2019, 01:13:08 PM
 #77

i have very little idea of trading am i must say that i have followed this pattern for long and i must say it is amazing. it works for me but i am still batting with the issue of FOMO. I fall victim for several times. buying in the bull market. A wrong step that i have failed to correct several time.
I was also a victim of FOMO in my first years but i never regret those times i had lose because it also taught me a lesson.Now i learned that it's best to trade from my own research and not just relying on what other people say or do.Loses are just normal and so we should never be discouraged when it happen to us.

I am sure that many of us have those experience because we don't have much experience and skills to determine the market. But if we can learn more about trading, I am sure that we can prevent that thing and we can analyze with good. The problem is when we cannot get something from what we learn, and we still make the same mistake, that will be bad for us to continue the trade. I am sure that all of us still learning about trading because we want to make more profit.

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August 02, 2019, 01:33:00 PM
 #78

The most important lesson I have learned in terms of trading is tk wait the price increases but the opposite always happen in trading. And if you think it is higher price than the usual, trade all the tokens you have because later on, the price will not recover.

I have doubts before I trade my assets, I have a lot of what ifs so I end to nothing. From million money turns to stone and this is my saddest part of my life. My friend and relatives told me to sell all of my tokens because they won't believe on long term holding in crypto. If I believed them before and no trust issues maybe now, I became millionaire.

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August 02, 2019, 03:12:42 PM
 #79

What I have learned is the most important thing that probably everybody should keep in mind while trading. We all have made mistakes in crypto trading and have learnt from it.
What I have learned is that the market always recovers sooner or later. This only goes with the popular potential coins and not for shitty scam coins with no scope of future.
I have seen people selling at lower prices than they bought and that is the biggest mistake they are doing. I as a long term holder have learnt that we should never sell our coins in a loss.
If the market has gone down and your coins are in a loss then just hold on to the coins patiently and it will recover sooner or later.



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August 03, 2019, 05:31:23 AM
 #80

The most important lesson has to do with staying calm in all situation, if you're in loss don't panick. If you do it'll result to you making wrong decisions and you'll definitely regret in near future. Also when you're in profit, stay calm too. Over excitement can also lead you to making wrong decisions. For example, been in profit and getting over excited can lead to you making greedy decisions like not wanting to sell at your initial cash out target but wanting to profit more and since the market is highly volatile, your profits can easily turn to losses in matter of minutes.

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