What is the most important lesson you have learned in trading.

[arpon11]

I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity.  the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.

[1714976655]

1714976655

[BitcoinGirl.Club]

when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles.

LOL I like this part.
I think there was a video clip about this same kind of concept. When the main stream media is talking about bitcoin going high then we see it starts to deep and when they starts spreading negativity and ask people to see then we see it starts going up 🤪

I was kind of fucked up years ago to risk some of my bitcoins when bitcoins was at it's ATH. I have lost 95% of my investment. Since then I decided not to risk my bitcoins for anything. HODL!

[Pursuer]

the most important lesson I've learnt is to never trust those who tell me which altcoin is "hot" right now and also to never bag hold any altcoin for more than their pump can last. for most coins that I trade it is as short as a day since that is how long pumpers are going to pump that coin but it can go as big as a week mainly for bigger coins that don't get dumped that easily but get dumped all the same.
this shaped up my overall strategy. I accumulate bitcoin (long term investment) while short term trade altcoins to increase the number of bitcoins I own.

[arpon11]

the most important lesson I've learnt is to never trust those who tell me which altcoin is "hot" right now and also to never bag hold any altcoin for more than their pump can last. for most coins that I trade it is as short as a day since that is how long pumpers are going to pump that coin but it can go as big as a week mainly for bigger coins that don't get dumped that easily but get dumped all the same.
this shaped up my overall strategy. I accumulate bitcoin (long term investment) while short term trade altcoins to increase the number of bitcoins I own.

That is a great lesson you have learned! I have see this also in some of the ico I invested in. Some of them has the best rating in some of the rating sites and huge funds raised and on social media, we do have the promotion of them but at the end, if you invest in them you will find out that it does not worth to be invested in. There are many tokens that have lost over 97% of ico price and sometimes I do ask myself if people really put in funds into those projects or I was the only one that has been deceiving in.

[hurry_hore]

Forex and stock trading is a little bit different to crypto trading, I prefer crypto trading since on crypto so far there is no margin call and our "purchasing stuff" can be stored on our own wallet. So we really own the "stuff", in some cases almost similar with conventional stock but not a future stock.

[jhonjhon]

The market is going to be up and down forever so you can't make perfect profits so never regret about what you made and don't keep think about it,no matter its profit or loss just think about what to be done in future.

I agree, the market will be unpredictable forever so there will be a time that we cannot predict correctly but for me, it is better to just move on and use you losses as a motivator to study more about the market and create a better strategy that will reduce the risk of losing.

[LogitechMouse]

the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.

In short, you re being a contrarian and you are doing the opposite of what the mass people or investors are doing. This is one lesson that I learned too in trading aside from being patient. Being a contrarian is good for mid to long term trading but not for short time I think.

[hugeblack]

There are some lessons I've learned:

 - Do not trust anyone, especially those who claim to be experts in the analysis.
 - The more price collapses the more rising to the moon: BTC always rises so do not lose hope when the price collapses, buy more.
 - Do not put all your coins in one platform: Platforms are not like banks No one guarantees your coins.
 - Keep your private key in a safe place: It may not show investment advice but what is the point of investing if you can’t protect your currencies.

[Ucy]

One of my most important lessons is never to trust the centralized cryptocurrency exchanges nor invest what I can't afford to lose.

Your investment strategy mentioned in your post is actually a good strategy.
I think most people do forget that aspect when they get carried away by hype

[Thirdspace]

as Warren Buffett says "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
and there's another saying with similar notion, "Buy on Fear, Sell on Greed"
so... when FUD starts, we should be getting ready to buy on panic sell
then when people becomes greedy (price spikes high), get ready to sell off

[Bitum]

What I found for myself in trading, you do not have to trust anyone and listen to anyone. Only your head and your observational and analytical skills count, nothing more. I rely only on myself, if I make mistakes, it is my own fault

[lumierre]

There are some lessons I've learned:

 - Do not trust anyone, especially those who claim to be experts in the analysis.
 - The more price collapses the more rising to the moon: BTC always rises so do not lose hope when the price collapses, buy more.
 - Do not put all your coins in one platform: Platforms are not like banks No one guarantees your coins.
 - Keep your private key in a safe place: It may not show investment advice but what is the point of investing if you can’t protect your currencies.

There are several rules that I have understood during the time I have been trading. Suppose, they will be good for all.
- Make Bitcoin the base of your portfolio.
Bitcoin is the first and largest cryptocurrency. It will always be the basis of a cryptocurrency market.
- Follow the ten largest cryptocurrencies
- Capture a portion of the profits and do not trade too much leaving some altcoins in your wallet.

[Chrystora123]

the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.

this is beautiful... just as you meant above, what I learned while I was in trading is controlling the issue. success or failure when trading is determined by your ability to manage emotions and the things that have the most influence affect the emotions of traders are outstanding issues, bad news and the good news.

[Oilacris]

When it comes to emotion thing

-Dont try to be perfectionist
-Dont chase your trading loss
-Dont be greedy
-Always set-up and make analysis anytime with your entries and exits.

[pixie85]

as Warren Buffett says "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"

It's funny that Warren did not use his own quote and buy Bitcoin in the last bear market.

The most important thing I've learned is not to allow your emotions to take over. When you get scared you can't sleep and keep thinking about the investment and if it will be up or down when you wake up and then when you sell you feel accomplished like you got rid of a burden. If you start feeling like this fight it and don't give in.

[stfN2128]

I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity.  the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.

the most important thing which i have learned in a hard way is an old market wisdom..."the market can longer be irrational than you are stay solvent" totally true. the other thing is: don't get to greedy if you had a good run with the latest trades cool - enjoy it. hard to understand and follow that rule. mind and emotions are playing with you.. if you fell for it you have lost.

[rodel caling]

I have been in forex and stock market for more than 10 years and I have learned a lot of things and I am trying to unlearn many things in other to focus on the one that works. Many people do keep a trading journal but I have never done that. I only write done my trading plan and strategies. In 2017, I came into cryptocurrency trading and tried to abandon the forex and stock trading and though there look similar I see some differences in stability and volatility. Cryptocurrency is volatile and in a few minutes, you can lose all your capital or miss a great opportunity.  the greatest thing I have learned is: when people are commenting "bitcoin is going to $20,00, bitcoin is hitting $50,000 before the end of the month! Be careful and sell because the market is about to reverse. If people started commenting that bitcoin is falling to $5500 or $3000" it means the time to buy and I have followed this simple strategy in trading and it seems the best investment strategy that follows professional's stocks investors trading principles. I will like you to share your stake on this so we can all learn.

So meaning it's clearly from your thoughts bitcoin moving their price up and down because of speculative not because of volality fluctuations.
I think trasing is all abput knowledge and skill how to get earn focus and qulity to minimize the riak, yes that is truly correct bitcoin or crypto trading isvery risky if you trade wothout learning and lack of knowledge.

[btc_angela]

Emotions. When I was a beginner, it's hard for me to check my emotions, resulting to almost 0 profit because I'm easily affected by the negative news. But as I mature, I learn how to play with it, and not be emotionally impacted that comes along the crypto sphere specially those FUD that people spread around this community. I also did learn some TA, though I'm not an expect but at least a beginner's level so that I will understand some TA jargon and understand what they really meant with the graphs around.

[Herbert2020]

2 important things:
- bag holding altcoins is never a good idea
- setting a fixed profit target in each trade and never deviating from that.

of course these two go hand in hand. which means in practice whenever i enter an altcoin, i enter those that are pumping and then i set a profit target for myself to cash out as soon as i hit that target and i always try to stick to it even if i saw the pump going on i still get out to secure my profit.

[1982dre]

I learned that trading isn't made for me. I don't have the patient to hold coins longer then a few weeks. I also experienced that when i bought coins, it went down and after i sold some they went up. So after admitting I wasn't a good trader I just stopped it. Maybe I will try it next year. Maybe I got some more patient.