Trading mistakes i do

[stomachgrowls]

I am not a  newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my  mistakes i normally do.So small traders can survive and avoid  those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.       

1. Your just too impatient on this one because not all coins you bought everytime would really just pump out and just make easy money. This would always come with regret and you should really changed up your mindset
   so that you emotion wont really mixed out.

2. DYOR -  this had been always a normal thing when we do invest where we should need to know or learn on that specific coin/project we tend to invest on before throwing some money. Learn if the coin is on its peak price (which you can actually point out) if you do know to read up charts. Dont get yourself in the middle of hype and have that fomo feeling.

3. Panic selling is pretty common and thats why whales do really have an easy time to manipulate market just because there were lots of weak hands.

[BALIK]

I am not a  newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my  mistakes i normally do.So small traders can survive and avoid  those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.       

The list of mistakes you provided seems to me like errors any human would make!!!
Issues will arise about when to sell the coins or when to buy them but the best a person can do either it being a trader or not at least is to get an idea of how the market changed over the last few weeks relative to BTC. A good site for this is https://coin360.com/. Give it a go next time, it might actually help you a little

This is a quick way to do some market research over extensive analysis, and it may not work for everyone but hopefully it will be somewhat useful to some!

[Mrengage]

I am not a  newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my  mistakes i normally do.So small traders can survive and avoid  those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.       

I do have few mistakes I do like, I dont really put in my mind set to read projects whitepaper. But is there any need to read them when u can as well study the chart and check for F.A about the project. Since it's not a long run where you are going to HODL for a long time.

[chaser15]

Let's change the subject to "Trading mistakes everyone do".

For me, I don't see those as a big mistake. We need to experience mistakes and losses first before we think of a way how to prevent it in the future. There is no way newbies will not experience those.

Even I still experiencing losses and mistakes as it was common. Other mistakes also considered human nature.

As we gained experienced and move forward, those mistakes will eventually minimize until such point that everything can be handle now.

[CaVO32]

Let's change the subject to "Trading mistakes everyone do".

For me, I don't see those as a big mistake. We need to experience mistakes and losses first before we think of a way how to prevent it in the future. There is no way newbies will not experience those.

Even I still experiencing losses and mistakes as it was common. Other mistakes also considered human nature.

As we gained experienced and move forward, those mistakes will eventually minimize until such point that everything can be handle now.

I agree with that. At some point in our trading life, we all experienced that and sometimes we are all still experiencing some of them. Mistakes will make us understand how crypto trading works and how those alts move in the market. And if I may add to the pointers, to know possible hints from the developers, closely follow also their social media channels as sometimes they will give you updates that will not be posted on their official thread here.

[posi]

I am not a  newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my  mistakes i normally do.So small traders can survive and avoid  those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

Buying of any coin base on hype without putting into consideration the coin utility level it never a good decision.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

Study of coin chart doesnt mean the coin will be profitable investment but the act of buying/investing in any crypto at peak price even if it BTC is fast way of making lost in crypto investment.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.       

Panic is also the worse decision in crypto investment and this is the reason why it better to always investment in a complete utility crypto which will later experience another ATH sooner or later.

[Kasabus]

Let's change the subject to "Trading mistakes everyone do".

For me, I don't see those as a big mistake. We need to experience mistakes and losses first before we think of a way how to prevent it in the future. There is no way newbies will not experience those.

Even I still experiencing losses and mistakes as it was common. Other mistakes also considered human nature.

As we gained experienced and move forward, those mistakes will eventually minimize until such point that everything can be handle now.

Yes. We all commit mistakes in trading as this one cannot be avoided even how skilled or professional we are in  trading. But the good thing in trading is that if you keep on doing it with all the lessons you learned everytime you trade, you will be become more wiser in trading and will be able to handle your losses once you trade.

[Injective]

The mistake I did is that I missed several lowest points. I was learning the contract trading. I was using the stimulating function on one exchange. I thought that was real but it is not actually. What a pity. Have to wait for the next circle.

[pawanjain]

I would say that the solution to all your problems is patience. If you try to be a little patient then you will see the results.
Instead of selling when the the price is not rising, you could be a little patient and wait until the price rises.
Instead of buying at peak and selling when the price goes down, you can be a little patient and wait until the price crosses the ATH price  so that you make a profit.
Instead of panic selling, you can be a little patient and wait to sell at a better price.

All you need is patience bud.

[Nathanz]

Failing in trading cryptos is part of the process for you to acquire lessons which is vital for your trading journey. The most important part of it is that you have to learn from your mistakes and to be better next time. Mistakes are normal especially for new traders. Try to seek help from other traders out there in the community. You could also watch videos which teaches newbies on how to avoid those mistakes.

[Lorence.xD]

Based on the mistakes the OP given, I can see that he/she is a very impatient person. My conclusion about you might change but in my perspective, that is what I can see, I too am not that newbie to crypto but when it comes to trading I am still accumulating knowledge, experience and lessons learned by people who have been trading a long time ago. If I may impart some lessons I learned along the way, one is ought to have a safety net when it comes to trading because there will be guaranteed downfalls and you can't rely too much on your trading profits because you are still growing the money and pulling it out a little early would result in frustration, regret and deficit in profit, so have an emergency fund in case.

[Vitalicus]

Let's change the subject to "Trading mistakes everyone do".

For me, I don't see those as a big mistake. We need to experience mistakes and losses first before we think of a way how to prevent it in the future. There is no way newbies will not experience those.

Even I still experiencing losses and mistakes as it was common. Other mistakes also considered human nature.

As we gained experienced and move forward, those mistakes will eventually minimize until such point that everything can be handle now.

You got the point! Those mistakes aren't unsual. Every trader has to go through this phase to gain experience, knowledge and lessons. Those are the lessons you have to learn in a hard way, though, those are the lessons that you'll remember the most. Going through those mistakes is critical in the way to become a successful trader!

[adzino]

Those actually some common mistakes that everyone does. By everyone, I mean every traders that are new to the trading does. With experience, eventually they learn and tries not to repeat those mistakes. The real reason why they make those mistakes is that they just rush into trading. They don't even try to understand how market works. All they come with the knowledge that they can make some quick profit by selling those when the price is high. But, when they see the price starting to drop, they just end up selling without even waiting for the price to recover and rise.

[michellee]

Failing in trading cryptos is part of the process for you to acquire lessons which is vital for your trading journey. The most important part of it is that you have to learn from your mistakes and to be better next time. Mistakes are normal especially for new traders. Try to seek help from other traders out there in the community. You could also watch videos which teaches newbies on how to avoid those mistakes.

I believe every trader make mistakes, whether they realize or not. If we can learn or we want to learn from the mistake, there will be no worry for us because we can improve our skills at the same time while we learn. If he can ask pro traders out there, he will found out that the pro trader makes a mistake too, but the difference is they can learn fast, and they can improve their trade based on the market so they can recover the loss in a short time. We can do that too if we can learn more and more.

[tvplus006]

Failing in trading cryptos is part of the process for you to acquire lessons which is vital for your trading journey. The most important part of it is that you have to learn from your mistakes and to be better next time. Mistakes are normal especially for new traders. Try to seek help from other traders out there in the community. You could also watch videos which teaches newbies on how to avoid those mistakes.

I believe every trader make mistakes, whether they realize or not. If we can learn or we want to learn from the mistake, there will be no worry for us because we can improve our skills at the same time while we learn. If he can ask pro traders out there, he will found out that the pro trader makes a mistake too, but the difference is they can learn fast, and they can improve their trade based on the market so they can recover the loss in a short time. We can do that too if we can learn more and more.

Yes, it really is. I looked at the errors that the OP had written about and saw that I had also made them. The main thing after making such mistakes is to analyze their cause and avoid them in the future. But this will not still guarantee that you will not commit them again under the influence of external factors.

[Mauser]

I am not a  newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my  mistakes i normally do.So small traders can survive and avoid  those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.       

There have been already so many good recommendations here. I would just like to add one more.

If you are not an expert in the field or have insider information don't try to find the perfect sell or buy price. Timing is one of the hardest things about trading and investing. Better just to split your buy/sell orders in smaller chunks and try to execute them over time. The average price you achieve should be much better.

Also, if you invest in a good crypto currency like BTC, just try a buy and hold approach. Forget about your coins for a few weeks and dont check the prices of your portfolio every day.

[jcpone]

The mistake I did is that I missed several lowest points. I was learning the contract trading. I was using the stimulating function on one exchange. I thought that was real but it is not actually. What a pity. Have to wait for the next circle.

Doing mistakes in the actual trade is normal for the individuals traders. This mistakes, put us to become a good trader in the future.
Therefore, the more mistakes we face is the more chances for us to grow more in doing trade for cryptocurrency. Just never stop learning
in trading.

[Emitdama]

For me, when I am in this situation I simply accept that it has happened and it's just a mistake, there is nothing that can be done to reverse that. So you just have to accept it, despite that it is difficult, but you have to do it and focus on future opportunities. If you keep worrying about the opportunities you have missed you will be distracted and won't be able to see the opportunity that is in front of you.

So, forget it and focus on finding other opportunities. I can remember that I had this same problem investing in many altcoins in the past, but I never worried much and the opportunity still came back bigger with some other altcoin. So, get ready to grab the future opportunities rather than being worried and missing out them.

[TheGreatPython]

You see the second and third mistakes you mentioned ? Lol I made a lot of those back when I was still a newbie and to be honest I regret ever doing that.

A lot of times I ended up buying coins at their peak price and then it falls and I start regretting why I ever did that. That's why it's very important to understand technical analysis, because if you don't know it you might keep repeating the same mistakes all the time. Moreover, do not fall for FOMO; only because of FOMO we may end up buying at peaks. If some opportunities to be missed out the accept it as missing otherwise you may enter at peak and may need to wait for years to see profits.

If you can't do technical analysis and you don't know it yet, it would be best if you look for any site that does that so that you can be learning from them. I used to make use of Cointelegraph and CCN then and I was also in a WhatsApp group of friends that were giving me a lot of tips till I got better.

[posi]

I am not a  newbie in cryptocurrency industry.But that doesn't mean i am a big trader.I am a small trader and in this topic i will tell about my  mistakes i normally do.So small traders can survive and avoid  those mistakes.

1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.

Buying of any coin base on hype without putting into consideration the coin utility level it never a good decision.

2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.

Study of coin chart doesnt mean the coin will be profitable investment but the act of buying/investing in any crypto at peak price even if it BTC is fast way of making lost in crypto investment.

3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.

So i want to tell all that you have to understand chart,their graphs and you have to read projects whitepaper and all.

Thats it for now.All of you can share your trading mistakes and we all can learn from it.       

Panic is also the worse decision in crypto investment and this is the reason why it better to always investment in a complete utility crypto which will later experience another ATH sooner or later.

lol. Panic really dealth heavily with me in 2018. At a point Ripple and Neo were looking like they want to crash before my eyes. After hours of waiting, I sold of to usdt. But these coins grew big in the next days. If you are not discipline, you will keep running back and forth in trades and would probably think you are jinxed. You sell and a coin moons, you hold and it dumps

It good that you have buried the panic part of you in the aspect of crypto trading but i think you also need to have knowledge in coin selection because those 2 coins you mentioned are highly manipulated/centralized coin which can experience dump in price for no genuine reason.