3 things should not be too in trading

[mdzahed134]

Your first two points is very similar with me when i'm trying to trading. I bought different coin's and most of the times i making too much orders (buy and sell bid both of) it’s really very difficulty to maintain and sometimes big mistakes happen. Secondly, though also i think large volume is the most priority in the trading because all of the traders will avoid low volume. Every traders are following in different strategy that's why they also take time to start their plan in different time duration it’s dosen't matter.          

[Janation]

I agree with the first one and the second one.

But I think it depends on the third one.

Knowing a lot of methods is not that bad especially to new investors and traders. I know that with a lot of methods they can use, they can be confused and be more on gambling what to use but still, that will give them important lessons while they go.

[ongkok87]

Your first two points is very similar with me when i'm trying to trading. I bought different coin's and most of the times i making too much orders (buy and sell bid both of) it’s really very difficulty to maintain and sometimes big mistakes happen. Secondly, though also i think large volume is the most priority in the trading because all of the traders will avoid low volume. Every traders are following in different strategy that's why they also take time to start their plan in different time duration it’s dosen't matter.          

When we are in the beginning of trading, of course there will be many things that will give us a doubt decision and in my opinion this is indeed a natural thing because everyone has certainly done it. I am in control of emotions to not easily take quick decisions also sometimes I still do when trading and this is humane

[DeathProxy]

These are clear cut rules that if taken seriously will benefit the trader greatly. Any trader that is trading should put more emphasis that he/she need not to trade on a coin that already has too large volume.  At that point its the peak and saturation point where whales will start pulling out their funds and the token will dump afer that. For the good and benefit of traders they should trade on  coin that has a moderate volume.  Not too large and not too small

[nasipadang]

You made too many sentences, indeed the 3 points mentioned are correct. If you trade too much, in large volumes, and do not understand the trade method, losses will often occur, especially for those who cannot control their emotions, then all losses can result in losses for further trading actions. From my experience there are traders who continue to manage and go to large volumes, he gets huge profits and until now he still trades, although not as often as before, it also depends on the traders themselves, whether or not they can deal with it.

[Quidat]

These are clear cut rules that if taken seriously will benefit the trader greatly. Any trader that is trading should put more emphasis that he/she need not to trade on a coin that already has too large volume.  At that point its the peak and saturation point where whales will start pulling out their funds and the token will dump afer that. For the good and benefit of traders they should trade on  coin that has a moderate volume.  Not too large and not too small

Not really that necessary for you to look on liquidity level because  not  all having large volumes would signify manipulation.
How you do consider Bitcoin then? Highest trading volume but we cant see anything unusual when it comes to movements.
When you do try out to scalp out and making use of that volatility will really give you out some advantage on making money.
3 things mentioned on OP are basic ones but cant really be implemented or applied easily on someones trade.

[error08]

These are clear cut rules that if taken seriously will benefit the trader greatly. Any trader that is trading should put more emphasis that he/she need not to trade on a coin that already has too large volume.  At that point its the peak and saturation point where whales will start pulling out their funds and the token will dump afer that. For the good and benefit of traders they should trade on  coin that has a moderate volume.  Not too large and not too small

Bitcoin has the largest volume, and people still find it enticing to trade bitcoin all the time, it still has greater value compared to any other coins in the market.
Being too large isn't an obstacle for bitcoin to attract many people, whales, even institutions join into crypto trading space, in fact; bitcoin is the main reason why we are here in the first place.

[FlamingFingers]

I think for the 3 things that should be avoided when trading maybe the first, 1. Patience 2. Emotions and most importantly 3. don't let you be affected by the bad news, so I think this trait you should be able to avoid when trading cryptocurrency because it will make you lose if you can not control all three.

I'm not understanding why patience have to be avoided when trading,  if you don't have patience enough when trading you will always FOMO buying and panic sell at loss because you don't have patience in thinking about when to enter the trade and when to exit trade

As OP had stated earlier on over trading is one of the factor to be avoided truly,  I have had an experience in this aspect of over trading

[wxa7115]

I agree with the first one and the second one.

But I think it depends on the third one.

Knowing a lot of methods is not that bad especially to new investors and traders. I know that with a lot of methods they can use, they can be confused and be more on gambling what to use but still, that will give them important lessons while they go.

I also disagree with the third point, it is always better to have more knowledge about the markets and the different methodologies to make money in it, knowing several methods to make money in the markets can only make you a better trader since you can choose the one that fits you and you could even improve your personal strategy by using elements of other systems.

Also while some may describe this as a problem if you were to ask me what is the most common problem in the market I will answer the lack of knowledge about the different ways to make money in them, many can use several indicators and they can read them with proficiency but few know how to combine them to produce a coherent and profitable strategy.

[Rufsilf]

I think for the 3 things that should be avoided when trading maybe the first, 1. Patience 2. Emotions and most importantly 3. don't let you be affected by the bad news, so I think this trait you should be able to avoid when trading cryptocurrency because it will make you lose if you can not control all three.

I'm not understanding why patience have to be avoided when trading,  if you don't have patience enough when trading you will always FOMO buying and panic sell at loss because you don't have patience in thinking about when to enter the trade and when to exit trade

As OP had stated earlier on over trading is one of the factor to be avoided truly,  I have had an experience in this aspect of over trading

Overtrading is the result of too much excitement. And we only just realize that it was wrong when we lose our money.
Actually, the most common problem why people lose in trading is just because they'll into emotional trading. Patience will somewhat play but not all the time. People keep holding their shitcoins because they have patience and they are thinking for a better price sooner but does it help them? No, it wasn't helping anyway instead, it is a waste of time.

[Danumsigwasan]

One thing that I believe is very important is knowledge, as this is what you MUST have if you are to succeed in trading. I find this rather easy and simple with YouTube and other platforms, as through this it really helps me to move forward. We can learn a lot with Crypto Videos or various other ways for trading, it’s all that makes you feel comfortable and is one solid option through which you can make good and consistent amount of money.

[NewRanger]

One thing that I believe is very important is knowledge, as this is what you MUST have if you are to succeed in trading. I find this rather easy and simple with YouTube and other platforms, as through this it really helps me to move forward. We can learn a lot with Crypto Videos or various other ways for trading, it’s all that makes you feel comfortable and is one solid option through which you can make good and consistent amount of money.

without knowledge impossible for us to survive in any financial market.people will easily loss their money and also it will make them stress or even give up.many knowledge shared freely in world wide web.with this resources we could improve our knowledge and our goal will achieved consistently each month.

[Pelunize12]

Trade too much

To be real there are many traders who loves doing multiple trades and at multiple coins too, it just depends on the person if you can handle the pressure and a lot of time for those trades. Yes, it is really hard but trust me it will be easy if you love doing multiple trades and trading many times a day.

if we see on the profitability, many trades dont mean it will get many profit too, because it's short term
few trade doesnt mean that it will get few profit too, if choosing the good one coin can be up drastically in the future
so, i agree that trade too much isnt good in trading and shouldnt do that

[strunberg]

Trade too much

To be real there are many traders who loves doing multiple trades and at multiple coins too, it just depends on the person if you can handle the pressure and a lot of time for those trades. Yes, it is really hard but trust me it will be easy if you love doing multiple trades and trading many times a day.

if we see on the profitability, many trades dont mean it will get many profit too, because it's short term
few trade doesnt mean that it will get few profit too, if choosing the good one coin can be up drastically in the future
so, i agree that trade too much isnt good in trading and shouldnt do that

overtrade will make us loss accuracy in analisys.we just thinking how many profits that we could earn.personally i am prefer focus on one trade but it have high accuracy and possibility to earn profits.money management very important ,with less trade we will freely manage our money and could do many risk management.

[jakoylantern]

For me, it depends on the person/ trader, which is his/her weakness in trading, but most reasons are emotions, patience, overreact. When it comes to emotions, its like patience because if you can't manage well your emotions, it ends up breaking all your plans and calculations. We all have a different range when we buy and sell, but if you can't deal patiently with for your profitable rate, I'm sure it will be different calculations. Also, some trader is overreacting that they panic selling their cryptos because of some fake news/ unreliable news.

[Fredomago]

For me, it depends on the person/ trader, which is his/her weakness in trading, but most reasons are emotions, patience, overreact. When it comes to emotions, its like patience because if you can't manage well your emotions, it ends up breaking all your plans and calculations. We all have a different range when we buy and sell, but if you can't deal patiently with for your profitable rate, I'm sure it will be different calculations. Also, some trader is overreacting that they panic selling their cryptos because of some fake news/ unreliable news.

Patience as always, we often read or heard this world in every trading venues that we will going to deal with this business. You need to bring a lots of this while working with your investment as you can control your emotions correctly if you have patience to analyze before you react with the any situational things that might affects your trading system.

Chances of surviving is much higher when you know that you can stay calm while you are observing what possible trading strategy to use in order not to lose your position.

[Triffin]

One thing that I believe is very important is knowledge, as this is what you MUST have if you are to succeed in trading. I find this rather easy and simple with YouTube and other platforms, as through this it really helps me to move forward. We can learn a lot with Crypto Videos or various other ways for trading, it’s all that makes you feel comfortable and is one solid option through which you can make good and consistent amount of money.

Make sure that you subscribed to an actual crypto trader,there are lot of youtubers pretending to be crypto traders just to get some views so we can't trust everyone,we also have to check other social media platform of that person,if he is actually good predictor then we can learn from him.

Exactly there are a lot of YouTubers who only make videos about trade prediction, actually they do not know anything about trading, but there are some genuine youtube channels and other websites which I use to get knowledge about trading because of which I have earn a good amount of profit in trading. So I think in trading patience and knowledge is the most important thing.

[Reid]

Why not just simply say never be greedy?

You just added "too"  in every negative way to exaggerate the word but there are already made words to identify that.
There is no need for three things, just one will suffice.
Again, it is greed which will put you into a breaking position when all your money is currently in the losing side.

[nelson4lov]

Thanks for the insightful guide. I like how you just hit the nail on the head. I've encountered some if not all of them. When I was just starting out, I got caught up the whole "become a millionaire" trading frenzy. With time, I made more trades than I could count. I didn't really lose but I ended up accumulating more than enough fees. That's why I'm still learning and I always advise new traders to do same.

When you get the knowledge and put in the work, the rewards are endless.

[jcpone]

Being an individual traders in this field of business, we shouldn't be greed at all times every time you decide to make trade in the exchange platform. Then, being emotional too, this is what I always saw to the most traders too, were it lead them most often to loss their coins or capital as well, and also we shouldn't be impatience if ever you like to apply long term holding in such a coins.