tell us 3 mistakes you do when you start trading

[tabtrader159]

tell us 3 mistakes you do when you start trading

lets start 

[mersal]

Buying or selling early the crypto currencies than what we are supposed to do,due to sudden changes in the market which is also called as panic buying and selling respectively.

Expecting huge return from every trade.

Following other predictions.

[stomachgrowls]

tell us 3 mistakes you do when you start trading

lets start 

When you are still a newbie;

-Panic sell
-Following others trail
-Bad risk and bankroll management

Experienced one;

-Following to fundamentals which you wouldnt know if such news would impact the price or not
-Away from PC, missing out some good exit point or even entry ones.
-Emotion - specially into this very speculative market.

[DoublerHunter]

These 3 mistakes are only a few, there are too many of them. But to answer your question, those 3 major mistakes are; [1] Wrong speculation [2]Wrong timing that can cause panic selling [3] Lack of research/did not study very well. These mistakes are when I was a newbie in trading and I don't know such thing how it works as long as I know the basic in trading the buy and sell. Then, I found out that you must have knowledgeable enough before you step in the trading field.

[danherbias07]

Should it really be three.
I already regretted it twice and you want me to make the mistake again just so I could make it three?

Mostly it was the buying part that I got it wrong but lately it was the selling part.
A sudden spike suddenly comes in whenever I start selling and it ends there for a long time which is hurtful. It is difficult to gain it all afterwards.

[maxreish]

First. Entering a Trade hastily. Since i was very excited to trade before, without thinking I buy coins whenever I feel it is the time to buy. Which is extremely wrong. There are particular basis for an entry and exit. That is Technical Analysis and sometimes news (yes, I do check some good or bad news)

Second. Too Much Confidence. Just because I know some indicators, some strategies, charts, candles doesn"t mean you can win in every trades. There are sideways, sudden changes in the market, misreading indicators. We should always double check. Many times, too much confidence will lead to huge lose.

Third. Emotions. Whenever I gain profits, I want more. That is-GREED which I hate the most. Whenever I sold it early there is-REGRETS. Self control management is really important.

[coolcoinz]

Jumping out too early not understanding the real value of Bitcoin. Bitcoin was the first coin I've traded and this was probably the biggest mistake. I was so eager to close every day with a positive balance that I kept buying in in the morning and selling later on the same day even with low and barely satisfying profit.
My second one was being too nervous and emotional about it.
The third one was probably following someone else's TA blindly.

[Slow death]

tell us 3 mistakes you do when you start trading

lets start 

anxiety:
 
It was very difficult to control myself, when I bought bitcoin, my head is thinking all the time about earning a lot, and that would not let me to concentrate to other daily activities. it was as if I had infinite adrenaline

fear:

Another thing that I had a lot of problems was the fear of losing money and when I lost money I was very disappointed, because I did not have the mental strength not to sell with losses. I should have kept calm. But that's the lesson I learned over time.

lack of basic knowledge:

yes this was undoubtedly a big problem I had and to make it worse I didn't want to try hard to learn the basics

[Murat]

I did many mistakes when I starts trading. I was so confused to which coin I should invest. Then I started taking advice from experts and mostly advised to invest on bitcoin. But I hadn’t much money to spare on trading do that was also a big Problem for me. And lastly, I was scared that time because my money was so valuable for me and always feared to lose it.

So, basically my problem/mistake was confusion, lack of money and fear.               

[dothebeats]

First would probably be not checking current trends and news before I do my rounds. It has costed me a lot when I was a newbie because I only based on current spot prices and not really some reasons behind them.
Second perhaps is my lack of patience. I have, most of the time, ended up losing some of my capital due to being impatient and finding out that had I held for the next hour or so, I would have made a profit.
Finally, anxiety and fear of a greater fall. I didn't know about bear traps at that time that I plunge it with the FUD, losing some of my coins and seeing that it was just a market movement created by whales to make a profit.

Luckily I rarely trade now, only have some set goals to buy and sell at a set % profit. If I am still into trading daily, I would surely avoid these noob mistakes.

[AjithBtc]

1. Expecting increased profit percentage without understanding the growth.
2. Selecting of coins for investment on a random manner, where only the lucky user succeed.
3. Investing without considering on trading volume, further when there is growth on the respective coin suffering to do the sell trade.

[vintages]

I'm not a constant trader but with the few times i have traded, there are few things i have learnt and the most important are;
1) Jumping into real trading without testing out in a mock or trail account. Most trader believe that watching YouTube videos or reading articles merely helps but not true. Nothing beats real -life practicing.
2) Watch the market closely. this helps a lot in monitoring the direction of the market.
3) Last is, like others have stated, do not trade with emotions. That's the biggest killer.

[Kasabus]

This is what it thinks and most common mistakes that I've encounter.

1. Wrong choose of coin
2. High expectation
3. Uncontrollable emotion

I experience losses because of these things and taking me down badly. Having that bad experience gives me a lesson to learn and it helps me to build good market speculation.

[exstasie]

tell us 3 mistakes you do when you start trading

lets start 

#1: Trading based on emotion. This means FOMO buying, letting losses run because I didn't want to take a loss, and things like that.

#2: Using TA to reinforce my own bias (especially when I was already holding a losing position) rather than trying to use it objectively. In other words: seeing what I wanted to see.

#3: Trying to predict market movements rather than react to them. The truth is that markets are quite unpredictable. Consistent profitability comes from recognizing technical events (like breakouts and failures) and reacting to them, not prophesying future events.

[tabtrader159]

up lets learn more from other  experience

[maydna]

Buying and selling too early will be the most mistakes that we often made in trading because we are making a wrong analysis to determine the time to act. We are attracted to buying or selling because we heard or read some news which we don't know the truth and we make a fast decision. The other mistake that we might make is not deciding on how much money we use to buy the coins we want, and we all use all in of the money. We are too greedy to expect bigger profit while we are making a profit from the coins, so we still hold the coin.

[Hallmader]

tell us 3 mistakes you do when you start trading

lets start 

When crypto trading was introduced to me, I was too excited to try. It was more of a bullish season but since I was too eager to try despite the warnings of those who taught me, they allowed me to buy a good amount to start with. I was happy because I've made gains. Little did I know that it was primarily because the market was green all over. The bear season came and I was losing big time. That made me realize how hard it actually was to trade. I started hodling after that.

Another mistake would be chasing prices. If possible avoid that. Stick to your price and do the order.

The third mistake is sticking it out with some coins. That has made some damages to my portfolio. Follow the development. If there is almost zero, sell and make money with other coins.

[binhvo1505]

1. greedy
2. impulsive, rushed, without thorough analysis
3. Uncontrolled transactions.
Although I have read about trading books and some advice from my predecessors, I have encountered these fundamental failures in practice.
so I recommend new traders to practice more with enough money. Experience and practice are essential in trading.

[figmentofmyass]

1. when bitcoin was pumping: "i missed the boat on bitcoin, better buy something cheaper!"
2. after the market started crashing: "i'll just wait for the price to come back up!"
3. when i didn't use stop losses: "i'll just set a mental stop loss!"

these attitudes led to some pretty tragic losses for me.

[Janation]

I did a lot but I will do the usual mistakes I made.

When I first joined trading cryptocurrencies, I thought it would be easy. I don't know how volatile it is that is why I lost a lot at the beginning.

Another one is not being patient. I usually trade quickly when I see the market going down. And the last one is focusing on just one crypto, with a lot of fishes in the sea, I am focusing on one crypto and that limits my profit in that crypto. I am just being careful but my friend told me that if I am not risking some money to smaller cryptos, I might regret it.