Trading mistakes

[matchi2011]

The major mistake that traders do is getting lazy when doing the homework to invest in a token they see the market in a green status and they start investing imediatly without checking if its a scam or without taking a look what the project behind the token is about.

Short term Fomo's, this is very common and lots of traders are too lazy always aiming for a quick turn around. It should be avoided always look behind the project and the actual reason why the project is moving.

Lots of big whales or pumped group who are capable of doing an artificial pumped, without proper research you'll be moved by this people favoring their position feeding them the most.

[SaveOurSea]

mistakes are commonplace for traders, especially for new traders, there will be many mistakes they experience,
I have also experienced them myself, mistakes for not placing stop losses, mistakes for not being able to read the chart,
and mistakes not being able to control your appetite, haha it will make us stronger

[XZERO1]

OVER TRADING

This particular one is really an important problem with many traders and I personally made that mistake so many times the I lost count, I deeply believe everyday you should have a specific target for the amount of profit that you want to have and after that you get to that point you should be able to quit doing any more trade, and sit back and relax for the rest of the day.

When you're just getting into more trades over and over you're increasing the chance of you losing money eventually, and it's not only when you got some profit either, you should also have a limit on how much loss you're willing to take on your trades, for example you should set a rule for yourself that if you got into 3% loss in a day you should stop trading and if you don't do that then that will lead to to get in more trades in the hope of profit and that would be called revenge trading which usually doesn't have good results.

[ice098]

mistakes are commonplace for traders, especially for new traders, there will be many mistakes they experience,
I have also experienced them myself, mistakes for not placing stop losses, mistakes for not being able to read the chart,
and mistakes not being able to control your appetite, haha it will make us stronger

You can learn it mate, there are free youtube tutorial that you may watch for additional learnings, there are some exchange that will give you demo coins as well, there are some ebook that you may use as reference as well, there will be a solution in every mistakes that we may encounter each time that we fall, we just need to move forward and learn everytime we lose.

[mamahdedeh]

mistakes are commonplace for traders, especially for new traders, there will be many mistakes they experience,
I have also experienced them myself, mistakes for not placing stop losses, mistakes for not being able to read the chart,
and mistakes not being able to control your appetite, haha it will make us stronger

You can learn it mate, there are free youtube tutorial that you may watch for additional learnings, there are some exchange that will give you demo coins as well, there are some ebook that you may use as reference as well, there will be a solution in every mistakes that we may encounter each time that we fall, we just need to move forward and learn everytime we lose.

in trading profit or loss is a common thing, it is impossible as a trader to experience continuous profit, but sometimes their analysis is also wrong. I think the most important thing is how to respond to our victories and losses to survive in the market. On the other hand, the mistakes we have ever made, mostly our psychological factors are less mature

[redsun114]

You have to set yourself some goal before you start in order to beat that greed and inner voice that keeps telling you to go on and try to make more profit. I have mastered it myself because I have never had a decent run where I make so much money that I want to make more, I have only made decent small incremental income and I have always loved it because it is small and it never makes me hyped about my future, so that allows me to focus on keep making those small incremental movements in order to have a better future, but if I made like 100%+ return from something one day, I would have hard time stopping as well.

So put yourself a goal, say you want to reach xxx dollar amount in profit and stop when you reach there, if you can do that, you would be doing much better.

[Lanatsa]

mistakes are commonplace for traders, especially for new traders, there will be many mistakes they experience,
I have also experienced them myself, mistakes for not placing stop losses, mistakes for not being able to read the chart,
and mistakes not being able to control your appetite, haha it will make us stronger

You can learn it mate, there are free youtube tutorial that you may watch for additional learnings, there are some exchange that will give you demo coins as well, there are some ebook that you may use as reference as well, there will be a solution in every mistakes that we may encounter each time that we fall, we just need to move forward and learn everytime we lose.

in trading profit or loss is a common thing, it is impossible as a trader to experience continuous profit, but sometimes their analysis is also wrong. I think the most important thing is how to respond to our victories and losses to survive in the market. On the other hand, the mistakes we have ever made, mostly our psychological factors are less mature

Mistakes are our best teachers and that immaturity in terms of psychological and emotion will surely evolved or enhanced as we do trade with the market.

People are neither just too hasty when it comes to things where they do believe that they can make themselves rich with trading which is really possible but

it isn't something that you wont do nothing or do put some efforts. Trading mistakes are common and part of learning process and whats the most important is that you do
able to sustain yourself in the market.

[TheUltraElite]

mistakes are commonplace for traders, especially for new traders, there will be many mistakes they experience,
I have also experienced them myself, mistakes for not placing stop losses, mistakes for not being able to read the chart,
and mistakes not being able to control your appetite, haha it will make us stronger

Exactly, people are bound to make mistakes. This is common but not everybody can correct their mistakes. Repeating mistakes is what should be checked and stopped and this is where the difference occurs.

This changes with trading experience and those who cannot correct their methods will face losses thoguh other factors also come into play.

Controlling appetite is ok but it's normal for traders to have big risk taking habits

[Jojiru10]

For me, traders became prone to mistakes because of being greedy.
they are just doing what they want without further analysis, and wanting huge profit instantly in just one click.
but mistakes is just a part of our lives, remember! you will also learn from mistakes once you experienced it.

[peter0425]

mistakes are commonplace for traders, especially for new traders, there will be many mistakes they experience,
I have also experienced them myself, mistakes for not placing stop losses, mistakes for not being able to read the chart,
and mistakes not being able to control your appetite, haha it will make us stronger

Exactly, people are bound to make mistakes. This is common but not everybody can correct their mistakes. Repeating mistakes is what should be checked and stopped and this is where the difference occurs.

Yeah committing mistakes are indeed normal for us human because we are not perfect ,But making mistakes the way the first was is total foolishness.
In each mistakes we must have knowledge that adopted to prevent this from happening again.

This changes with trading experience and those who cannot correct their methods will face losses thoguh other factors also come into play.

Controlling appetite is ok but it's normal for traders to have big risk taking habits

If you will learn nothing from the mistakes and bad decisions?then we must not entering trading because this is very strict and risky.

[proTECH77]

Many people think trading is a something you can start today and you will become a professional in the market. Here are something you need to know before entering the market to trade:
1• Good information: many traders miss their opportunity because they refused to listen to good information from the platform that will facilitate them.
2• Good research: many traders ignored research in the process of trading their coins in the market which lead them to wrong buyer that cause them to lose profit in the market.
3•Good observation: many investors don't take time to observe the project they are about to invest in the market, to know if the project is real or not for them not to lose profit at the end of the investment.

[Harriti]

You have said quite a number of things that can lead to mistake and I pick on over trading. Yes this can make you lose some money. How frequent you make an order is a key to watch. The market gives you a sign though but you need to be careful because some are mere trap. Advise here is to make a reasonable amount of order but not to always be at the door of the market and looking out for entering position.

I disagree. Trading a lot during the day can also help us to make more profits, it depends on each person's trading style. Professional Wall Street traders usually trade with hundreds of orders per day
If you are someone who likes to surf the waves in the market, do not waste time. More trade more profit ,  just keeps better day by day.

[carlfebz2]

You have said quite a number of things that can lead to mistake and I pick on over trading. Yes this can make you lose some money. How frequent you make an order is a key to watch. The market gives you a sign though but you need to be careful because some are mere trap. Advise here is to make a reasonable amount of order but not to always be at the door of the market and looking out for entering position.

I disagree. Trading a lot during the day can also help us to make more profits, it depends on each person's trading style. Professional Wall Street traders usually trade with hundreds of orders per day
If you are someone who likes to surf the waves in the market, do not waste time. More trade more profit ,  just keeps better day by day.

You should not force this kind of mindset because if you do aim for profit and forcing on the way you do trade and just needed for you to trade lots then this doesnt mean that it will
guarantee on positive side.

It would be much better if you do go with trades even on a constant manner but always stick on lessening the risk as minimal as possible and of course, profit would really be next.

Just stick into your plan and always mind to make yourself survive with this waves because if you do then it means youre doing pretty well.

[Kelvinid]

For me, traders became prone to mistakes because of being greedy.
they are just doing what they want without further analysis, and wanting huge profit instantly in just one click.
but mistakes is just a part of our lives, remember! you will also learn from mistakes once you experienced it.

They are focus on how to make money in a very short period of time. I've found no wrong with that as that is our goal but that also a reason why they fail to achieve their target as they are so aggressive and never notice that they were driven by greediness.

Trading mistakes are very common to everyone, some consider this as an opportunity to grow but some did think that they failed and this kind of mindset says that trading isn't the right place for them. They are actually quitting that easy and no reason to push themselves if they are not willing also to accept failures.

[death69]

You have said quite a number of things that can lead to mistake and I pick on over trading. Yes this can make you lose some money. How frequent you make an order is a key to watch. The market gives you a sign though but you need to be careful because some are mere trap. Advise here is to make a reasonable amount of order but not to always be at the door of the market and looking out for entering position.

I disagree. Trading a lot during the day can also help us to make more profits, it depends on each person's trading style. Professional Wall Street traders usually trade with hundreds of orders per day
If you are someone who likes to surf the waves in the market, do not waste time. More trade more profit ,  just keeps better day by day.

This is the first time I have heard that Wall Street traders make hundreds of orders per day. But yes, it is their choice to make their own trading styles.

Personally, i like to make 2-3 orders per week because I dont want to spend so much time in trading

[doomloop]

For me, traders became prone to mistakes because of being greedy.
they are just doing what they want without further analysis, and wanting huge profit instantly in just one click.
but mistakes is just a part of our lives, remember! you will also learn from mistakes once you experienced it.

Greediness is one reason behind the failure of a trader but it is not the only factor and neither the biggest one. There are times when traders do their best and still lose and they even put sell orders on minimum profits but the market just crashes and there is no way to recover. I feel like many traders fail to adjust with the market fluctuations and because the volatility is so high it is hard to take decisions because the amount of time you get to take decisions is less.

Making mistakes like showing greed when you should have sold the coins is fine because you learn from those mistakes but if you are making mistakes fundamentally then it becomes a problem like not having the patience needed at times and not using the features like stop loss which are made to avoid big losses.

[TheUltraElite]

If you will learn nothing from the mistakes and bad decisions?then we must not entering trading because this is very strict and risky.

I think this is a wrong statement. Everybody can learn from mistakes but the time taken for that might be different. Of course trading is not for everyone. But most people can learn with time. Still I understand your skepticism here since many people actually get swayed by miscreants.

While bad decisions can be made they can also be a good deterrent to over confidence and help people get a grip on how to trade. Risk taking becomes an addictive thing over time. But keeping a good mix of risk taking and bank management is important.

Be strict about your trades, true. But being prompt about decision making is what I have felt is also important in this market where price swings happen within minutes.

[jahepahit]

This is precise cautions that entails what anyone should know before going into trading. If. You don't want to gamble and burn your money, you need to learn this and let them guide you.