Trading mistakes i do

[Shohag123]

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.       

[sheenshane]

Good thing you know where did you get mistakes so that you can correct this in the future when you're in trading again.

Probably the solution to your mistakes.
For number 1, this is very hard to predict and I think all traders will suffer on this. You really don't know the movement of the market, predicting the exact time of buying and selling point is very difficult. So, it might "Patient" is the key if you know that it is a potential coin you're going to hold.

For number 2, DYOR(Do Your Own Research), this is very as a trader because in a wrong decision you can't undo everything and pull out your losses. Think twice before you act.

For number 3, "StrongHands" this is what you need. Dont panic selling if you see any correction that may occur on the market, everything will be bounced back at the right time, the word "patient" here is still applicable.

I suggest not to trading if you have negative emotion in your side, make your mind clear, and focus on trading.

[minairia3]

These are the problems of some people when it comes to asset management. Trading is not bound by emotions but you must reconsider first if you are ready or not to compromise money in your pocket. We can agree to disagree about your case but to help you understand how dangerous to play with the market.

All suggestions by sheenshane is true. Learn to apply it without having any second thoughts. For example you are buying token or coin at certain price, if you think you feel and know that it will go higher dont constantly checking up the price with the tracker, give it some time cause this market is more volatile than just a stock. If you lose at least you tried. If you earn some sont be greedy and take it. Wait again for opportunity for a good entry.

Hope it helps you.

[jcpone]

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.       

We can only learn in trading by simply through our experienced when we are in the actual trading.
And without our trading experienced we cannot determine our mistakes and we can't able to grow without
this things too.

[Alert31]

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 also experienced like what you have shared when i was new in crypto trading. But now i learned a lot specially in understanding the graphs and charts in trading. It is not easy but you will learn if you are interested to learn. Trading is one of the best way now that we are in covid19 pandemic to earn profit,but always be careful to avoid loses. Also learn from your own experienced and mistakes.

[Findingnemo]

My only mistake is not selling the coins when I see profits, I expect much more and more like complete bullish run, by this I am not losing my capital but I tend to lose the profits which are supposed to be in my bag.So anyone if you see a good increase on the coin then try to make profits out of it.

[ife2020]

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.       

Trading mistakes are normal, and it is not a crime at all, but it becomes a crime when you refuse to learn from your mistakes.
The process to learn from your mistakes are easy and convenient; identify the error made, and take corrections always.

It is not about whitepaper or litepaper, but following the extenal efforts of developers in the crypto sphere which ranges from partnerships, products, exchanges listing and others

[tbterryboy]

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.

I have also done these mistake many times in my trading but I am slowly working on not repeating the same mistakes again and again and that could be the reason why I am slowly starting to see some differences in a profit levels. Yes, when we are conscious enough about not repeating the mistake then there will not be any big problem in becoming professional trader on day or other.

Only those people who are not willing to take time to analyse on why they have committed a mistake and what are the root cause for that mistake, may consistently repeating the same mistake. Those kind of traders surely will lose all their capital and may go for getting loan for re-starting their trading. I mean if we are not working on NOT-REPEATING a mistake then there will be no sense to continue in trading.

[harizen]

You won't be a better trader if you don't experience mistakes on the way. That's part of the trading journey. Even you will tell newbies about these mistakes, they will not able to avoid it once they do an actual trade so better deal with it.

Who else didn't loses on the way? That's impossible. Even the best, professional, and hardcore traders lose on the way. Panics, regrets, weak hands are normal. Learn to manage those the proper way although it will take time.

Just make sure that we learn for every mistake. Make it a goal to minimize ours loses.

[bitgolden]

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.

It happens. We cannot predict the exact peak for most coins. Hope you will not sell for losses. You must be with patience to watch the coins to come up to the level which will assure you some profits. There will be no point on selling for losses. Big or small profits, you must sell only for profits and for this you must have enough patience and should keep watching price levels for the coins that you are holding.

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.

Buying at peak is common because we do get hyped only when we notice a coin is doing its ATH. So, checking the chart is not a helpful thing here. But the only thing here is, we should invest with the coins which will again rise up to have new level of ATH. Buying bitcoins above $15k or around $19k is not a mistake in my opinion, but we should be aware of bitcoin's capability to reach $25k levels for example.

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.

Never ever sell for losses. I guess if you follow this rule then you will never plan up for selling even you do get panic. You may go for panic selling at the price levels where you may get small profits and then you may plan up for buying back. But, all selling should be for profits regardless of you do it for panic or for any other reasons.

[Wayrey2020]

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. How do you wait for the token to rise? do you buy low, wait then hope for a high price; or you buy high, and hope for a further higher price?
2. You cannot buy a token without studying its trade history, check its volume and also it liquidity, it is wrong.
3. A  trader should not panic sell; this is why you must always do your own research.

[LbtalkL]

Panic selling is the common mistake of traders, when emotion is involved it is hard to think wisely. Especially if there is a strong FUD. I was advised by a trader before he said don't get your emotion ruins your trade. Also, another common mistake is not setting up a stop loss, it is better to lose small amount than losing it all. So we need to set measures in case our analysis does not go to our expectations.

[Mahanton]

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.       

Learn from your mistakes! All of us did really experience such doing back when we are still starting to trade which is inevitable and with this very unpredictable market
then high chances we would really commit mistakes no matter what and this is where analysis and experience do comes in. If you find out yourself that you do panic
sell everytime theres a small crash or decrease then in next time, you wont easily do that thing again since you know that it might really be just a fake out or
would still recover and same goes when the price tends to hype or fomo'ed. When you do keep trading, you will eventually gain up knowledge which
would help you out to sustain this market.

[maxreish]

My latest mistake was not to set up stop loss again and greed enough that lead my trading to be liquidated. 
 Just as I thought that my readings in my indicators will go bullish but after a few minutes it dumped. And the thought that I forgot to set stop loss is a problem. The latest sudden dump made my trading to be failure. But at least, I know my mistakes.
 
 However, buying at the peak is really not a good idea. But with the help of technical analysis, the significant of knowing how to read it is to know "when" to buy a particular coin.

[Vitalicus]

Panic selling is the common mistake of traders, when emotion is involved it is hard to think wisely. Especially if there is a strong FUD. I was advised by a trader before he said don't get your emotion ruins your trade. Also, another common mistake is not setting up a stop loss, it is better to lose small amount than losing it all. So we need to set measures in case our analysis does not go to our expectations.

Panic buying, panic selling, Fear of missing out are all caused by emotional behaviors. Learn how to separate your emotion so it doesn't affect your decision is a hard thing to do. I also have that mistake. To be honest, all traders have experienced those mistakes. The important thing is that they realize it and fix it to be better.

[davinchi]

The reason you're making most of these mistakes is because you're trying to invest in every altcoins and make profit out of them, maybe because you're one of those who believe that more profit comes from investing in lots of altcoins. That's not right, you should only invest in a few coins that you can keep your eyes on. I am investing in four coins (Bitcoin and three altcoins) and I always keep my eyes on them, mainly Bitcoin, and I'm always doing research and trying to know what's trending. It's very important.

If you invest in coins and you don't know what's happening in their space, you will end up missing vital information that will cost you a lot. It is always a good practice to follow the news where we have invested. There are lots of easy methods available to do so. Simply following their telegram channel and following their twitter handle will help any investor.

[maydna]

1. You cannot wait for a while for the coin you have, and you sold it before the price increase. It will be lucky if you don't sell the coin at a lower price than you buy.

2. You don't analyze the market, and you buy the coin with the price now, which is already increase for some time, so when the price makes adjusting of the price, you see the price is going to down lower than the price you buy.

3. If you panic, you never have a chance to make a profit because every time you see the price is down, you sell it right away without analyzing deeper what is going on with the coin. If you can analyzing more, I think you will see that the down of the price is normal because, after that, the coin price can increase.

All in all, if you can learn from your mistake, I am sure that you will improve yourself and your skills, and you will not panic if you see the price is down. The more you can learn from your mistake, and you will have more experience in trading, which can make you trade better than before. All things that you face it before is normal, and I am sure that every trader has those experience. So don't be sad because you still have many chances to recover your losses in trading.

[Latviand]

Panic selling is the common mistake of traders, when emotion is involved it is hard to think wisely. Especially if there is a strong FUD. I was advised by a trader before he said don't get your emotion ruins your trade. Also, another common mistake is not setting up a stop loss, it is better to lose small amount than losing it all. So we need to set measures in case our analysis does not go to our expectations.

Never sell, buy or trade without any basis, never panic sell. Doing those things immediately without studying the market can really result into huge losses or mistakes. That's the thing that you should've keep on your mind when you engage in trading or any transactions.

You need to have basis, you need to perform technical analysis in the market so that you know the strategies that you will prepare before the trading. Never try to become greedy especially if you don't need to rush things, take it slowly and think of the possible alternative ways that will put your asset in the safest place.

Self-discipline must be performed first before controlling your emotion because by that discipline, you can minimize your loss and prevent yourself on engaging in gambling even if it's not necessary and you're in a bad time of having transactions. Think of other factors before making an action or decision, by that, you can now be mindful of your choices.

[coiner-88]

Investors as a group earn the total global return on capital, on the order of $10 trillion per year. Traders mostly make money from other traders, but global Alpha the net return of all traders is probably around $100 billion a year. So all investors make about 100 times as much as all traders most profitable type of trading would be Insider trading. This may sound fun, but if we take into consideration just statistics, insiders make biggest money in the market, and almost never lose.

[beerlover]

All in all, if you can learn from your mistake, I am sure that you will improve yourself and your skills, and you will not panic if you see the price is down. The more you can learn from your mistake, and you will have more experience in trading, which can make you trade better than before.

Yes, nothing to be worried if a trader is capable of learning from their own experiences. Only those traders who are all ignorant about the lessons that they have learned out of their mistakes, may lose all their money one day. I guess OP already started realizing what kinds of problem they are facing which must be the first step to start making use of our own mistakes. This will slowly groom toward no mistake if same level of care will be taken.

Never sell, buy or trade without any basis, never panic sell. Doing those things immediately without studying the market can really result into huge losses or mistakes. That's the thing that you should've keep on your mind when you engage in trading or any transactions.

From OP's statements I also felt like they go for selling their coins for no signal. It means when they are emotionally failed they may modify their portfolio according to their preferences. That could turn as a blunder mistake if we alter our portfolio for no reasons.