Trading mistakes

[mithun303]

In the digital age, everyone now wants to earn money sitting at home.There are lot of people who are new to the trade market.They don't know how to trade.They don't know the full meaning of the world trade. They have no idea about the trade market, no idea about coin. They invest in this marketing without proper knowing or understanding. They think that money will come only if they invest, Because of this greed they trade incorrectly and their trading becomes a mistake.

[Shasha80]

All the trading mistakes mentioned in the opening post I have done, and thank you for being reminded again. So i could thought and tried
not to do it again. To be honest, for me there are some trading mistakes that I still do, because for me it's not easy not to make mistakes
in trading. But now I will continue to try not to make the same mistake again.

[Nhor1011]

Trading is very attractive to the people because you can earn money immediately if you have a good buy and sell in a day but it also bring you loses if you don't have enough knowledge about trading and the trading mistakes will happen. Even we can't avoid mistake,we should learn many things on how to trade so that we can avoid loses.Although mistakes is also a learning process ,let's just find more ways on how to be a profitable trader.

[azmirihaque]

Trading is not so easy. It is not possible to be successful trader only by investing the money. A lot knowledge and skill is required for a good required. Always should be updated and capture the recent trend and information of the market. A study should make on the traders who have been success in trade and also faced lose. A single mistake can result a huge lose. So, always should be careful.

[Pamadar]

All of the information that you gave are super and sooo helpful. However, I don't agree with the advice to get a bot and let it trade for you. A trading bot is simply a machine that works based on your command! Therefore, as long as you are not sure about your decision, the bot can't work efficiently.

The bot helps us to trade, but there is a consequence using the bot. We need to always connect to the bot so if the market change, we need to change the command too so the bot can follow the market. However, you should learn to trade by yourself, so you don't depend on the bot to trade. Besides that, you need to use VPS or a computer which can online so the bot can run every day.

Thats why the Bot is applicable for Day traders in which they focus only in trading,and most of them are doing nothing in life but trading crypto only.

Bot can be helpful but this can also ruin your trading plans if you don't give enough time and dedication while using it.

Trading is very attractive to the people because you can earn money immediately

You can Earn immediately Correct,But you can also Lose that fast right?

Never look only in single scenario because Trading is much more than gambling,if you have no skills and luck then you will surely a loser.

[Dr.Osh]

All the trading mistakes mentioned in the opening post I have done, and thank you for being reminded again. So i could thought and tried
not to do it again. To be honest, for me there are some trading mistakes that I still do, because for me it's not easy not to make mistakes
in trading. But now I will continue to try not to make the same mistake again.

Well, we can't do the right thing forever. sometimes the mistakes we make will be valuable lessons for us in the future. however, even today even a professional can make mistakes in trading. Well, I can only say never give up.

[carlisle1]

Trading is very attractive to the people because you can earn money immediately if you have a good buy and sell in a day

but there is  "If we have a good Buy and Sell" the thing is this is not that easy to find and its not easy to make possible.

but it also bring you loses if you don't have enough knowledge about trading and the trading mistakes will happen.

never enter Trading if you have no knowledge that is the simple solution and prevention ,because it is our money that at stake here.

Even we can't avoid mistake,we should learn many things on how to trade so that we can avoid loses.Although mistakes is also a learning process ,let's just find more ways on how to be a profitable trader.

You must be ready in this point,the risk is there so if ever the chances being mistaken about the choice of coins then have enough budget to keep it hold until recovers.

[BobBct]

Totally agree with this, And I did a quite few of these when i started trading. So to some out there who is thinking about starting to trade my advice is go small first, Just use a small amount when you trade first to get a feel on the market.

[tbterryboy]

Another mistake I think people make is that they feel trading will be enough for them. They see some people that claim they left their jobs to go full-time on trading and all of a sudden everyone now wants to leave their jobs and become full-time. It is not good to do things just because others did it, it’s best to do it when you believe it’s the right time to do it. It is not okay to always be in a hurry.

Let us learn to have patience and take things one step at a time. If you keep rushing you might end up heading to no where. Pursuing loss is another thing. When you lose don’t try to pursue and lose more money. Best if you wait it out till the next day and at least take the time to be ready for another day of trading.

When we learn at least one lesson out of every mistake we are making, then we can slowly avoid all the trading mistakes over the time. This is how professional traders are making themselves better every day.

[adzino]

The fifth mistake you mentioned (don't be a follower) is the one that most users make. They join random telegram group and chat rooms where people suggest them to invest on certain coins. They create hype in those group and mislead the traders with small information. Those groups are either managed by shills of fake projects, or some people who try to manipulate dying "shit coins" and convince users to invest on it (make them buy those dying coins). I have even seen groups that asks for payments in order to join those groups and receive trading advises!

[hahay]

The fifth mistake you mentioned (don't be a follower) is the one that most users make. They join random telegram group and chat rooms where people suggest them to invest on certain coins. They create hype in those group and mislead the traders with small information. Those groups are either managed by shills of fake projects, or some people who try to manipulate dying "shit coins" and convince users to invest on it (make them buy those dying coins). I have even seen groups that asks for payments in order to join those groups and receive trading advises!

Right, I experienced this incident in the past but not with payment to join and they suggested to buy a coin before the pump starts a while later and of course it caused a panic that I experienced and clearly, the panic had an impact on losses. In trading, at least we only need to be ourselves and always make choices based on our own research.

[mithun303]

Mistakes in  trading are bad for us but yes it is not wrong not everyone make mistake, But if you can fix these mistakes in this trading market then you can be deceived again and again. people learn from mistake. But it is useless to make the mistake again and again.

[glowing10]

Couple of mistakes during my initial trading days which I had made it resulted in losses. But later on after learning I ensured that those are not repeated.


1)   Always trade with the stop loss. Else in high volatile day we will not known how quickly we  lose our money.
2)   Avoid borrowing the money from others to trade. If you do not have own money first earn it and then only trade with those money.

[Janation]

Mistakes in  trading are bad for us but yes it is not wrong not everyone make mistake, But if you can fix these mistakes in this trading market then you can be deceived again and again. people learn from mistake. But it is useless to make the mistake again and again.

It is not that bad since we are learning from it.

As long as you are keeping those mistakes, those losses as a way to learn, then it is really fine. You should not really keep those losses as an obstacle, you look at it as a shaping mechanism since if we walk the right path we will be able to adjust to the way we should be. Mistakes are inevitable as a human, we are not perfect creatures. Continuous mistakes might mean two things, either you are meant for another and the other might mean you should never give up.

Markets sometimes can be brutal but don't let that stop you from learning, from having a profit.

[beerlover]

The biggest mistake I do is usually lack of research. I try to be as thorough as I can on anything I invest into but there are times where you miss something brand new. Let's say there is a coin you want to buy and you check that it was created on summer 2019, it looks awesome and everything up until the ICO is awesome, after that it gets even better, by winter 2019-2020 you see that the price went up as well and the team looks amazing, you check everything you can and by all accounts it is a quite good coin to invest.

So, you put your money into it and buy some, but the price keeps dropping constantly right after you bought. You check what happens and it looks like during the pandemic period they stopped doing anything and left the project alone. When you check 10 months but miss the last 2 months you can still lose a ton of money.

[Zemomtum]

There is no free meal forever anywhere, you have to learn the act of trading before venturing into it but a large percentage does otherwise. Emerging performing surgery before going to medical school, the end result will be total damage, that is what has happened to many traders

[qory]

My mistake when trading always buy on higher price and should sell with lower price, many time I check with some coin project too late for buying because reach to higher price. I don't know why price going up after selling my coin and going down after buying, many time I check happen to me after investing on some coin project.

[dragon695]

My mistake when trading always buy on higher price and should sell with lower price, many time I check with some coin project too late for buying because reach to higher price. I don't know why price going up after selling my coin and going down after buying, many time I check happen to me after investing on some coin project.

Part of it is because you let your emotions affects your decisions. I have to admit that even I usually trading by emotions. Additionally, you don't believe in your trading analysis. You have to analyze the market carefully before investing or buying a coin. Then, you have to set your goal and follow it. Don't cut loss when you can accept the loss, let's wait a little bit more. However, you have to be calm and wise also, cut loss immediately when you lose more than 40% (this is my loss acceptable rate) of your investment.

[tvplus006]

Mistakes in  trading are bad for us but yes it is not wrong not everyone make mistake, But if you can fix these mistakes in this trading market then you can be deceived again and again. people learn from mistake. But it is useless to make the mistake again and again.

I am sure that there are no traders who do not make mistakes. At the same time, at the first stage of familiarization with trading, these errors are much greater than later. For some, these errors are fatal, which leads to the loss of the Deposit and the termination of trading. Others learn a lesson that later helps them make the right decisions.

[kesmex]

it's natural that someone has a mistake when trading, I've also experienced it, I lost $ 100 just because I could not hold my emotions and did not determine the right position