Trading mistakes i do

[Joyawan13]

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.       

mistakes for beginners or new traders in trading are usually like that and that's a natural thing in my opinion, of course, panic when the market price movements are sometimes very fast, of course not just new traders, big traders also sometimes experience panic and sometimes they make mistakes , so learn not to panic and be quick to make decisions when you buy and sell when you have benefited even though the amount is not large, don't obsess over huge profits in day trading.

[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.

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.

If the OP can prevent the external factors, I think he can fix the problem step by step because there is no need to hurry to recover the loses in trading. Once he can get the point from the mistake, he will learn how to prevent the other mistake, and he will be careful to trade. He will trade with better with a better analysis so he will be able to recover the loses.

[Assface16678]

Those are the common trading mistakes of the traders I'm a trader too but the like a professional like you and I experience most the trades like that and I think those commonly happen to a trader. Sometimes getting FOMO is having a good thing too because sometimes getting a trade for more than three trades is good if you have a good quota you make a good amount of market profit. We called them the scalpers who make more trades a lot and they don't skip any kind of market movement and I want to be like that but also I made just two trades a day because sometimes the market does not have any market movement.

Also about getting greedy it is quite normal because all of us wants to make more money in trading so sometimes we become greedy and I think it is not bad sometimes it causes more money and income to you and sometimes it's not because of too much waiting on the market movement the upward trend now can be experience a little bit down trend especially in one to four hours trading time.

[Janation]

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.  

For me, this is just hard.

We are dealing with a volatile market, you never know what will happen or what will be the next movement of the price. Though there are some signs that the price might have a bull market or a bear market but always remember that it is also risky and it is not 100% profit since we all know that trading doesn't work like that.

[danherbias07]

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.

Like you said, "normally" which happens normally to every manual trader.

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.

This I don't do much, I prefer the underdogs which have a history to pump in a blink.
In short, I don't ride the hype.

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.

It's your emotions that is taking over.
Learn how to overcome that. It must always be about the money and not what you feel.

[SARA ISLAM]

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.      

When you invest your dollar in a coin, check its fundamental and technical positions. If it is not, you will lose most of the time, Only buying in https://coinmarketcap.com top position will not bring success because if you buy at the wrong time you will face loss. Then decide whether to buy or wait for the price to fall in the future.

[culuuton]

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.       

Anyone can make two mistakes 1 and 3 (not just newbies) because it involves emotions, we all have an invisible fear. The second mistake, I think is the most serious, before deciding to invest in something you need to learn and observe everything carefully.

[Dart18]

You've made a good list.
There's a better part in my opinion.

Identifying your mistakes.
Most traders would not look at that. They will just ignore it and keep on betting like they are gamblers already.
It's good to see you are sharing it for those who want to step in the lion's cage.

[MCobian]

Of the three trading mistakes written in the opening post, it is very apparent that you don't have patience so you often experience losses.
The other reason I expect you to lack knowledge about technical trading, therefore before buying coins you do not do technical and fundamental
analysis. So you are wrong in determining the purchase price, if you correct your mistake, I'm sure you haven't experienced much loss.

[Onuohakk]

Mistakes are bound to happen for every human being to learn a lesson from it. Those that lacks patience, knowledge and understanding on how crypto works, that has always been their experience about trading in crypto. They're always in FOMO, easily moved by price speculations from different individuals. Without studying how the price chart of the coin they are hodling flows (increasing or decreasing)

[htsy585]

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 believe the perfect path towards self growth is knowing actually where your mistakes are coming from and from your write-up, i believe you perfectly have them ironed out. The only thing left now is for everyone and you included to learn from those mistakes and make possible corrections, I'm glad you wrote your suggested points an how to avoid such mistake and i have to say they are on point. Nice topic you roll out here.

[dunfida]

Of the three trading mistakes written in the opening post, it is very apparent that you don't have patience so you often experience losses.
The other reason I expect you to lack knowledge about technical trading, therefore before buying coins you do not do technical and fundamental
analysis. So you are wrong in determining the purchase price, if you correct your mistake, I'm sure you haven't experienced much loss.

Knowing technicals and  would able to control your patience doesnt guarantedly mean that you wont experience much loss. You can still experience this one but on lesser chances or if you do compared
to those people who do really make trades without any basis or analysis.If you dont know on what you are doing then you are really bound to go into this fate.Mistakes is there but be
sure that you do learn them up along the way.

Mistakes are bound to happen for every human being to learn a lesson from it. Those that lacks patience, knowledge and understanding on how crypto works, that has always been their experience about trading in crypto. They're always in FOMO, easily moved by price speculations from different individuals. Without studying how the price chart of the coin they are hodling flows (increasing or decreasing)

This is why there are really things which arent really made for other people.Lets say no matter how hard they do try they do still fail.
Trading isnt easy and it does involve or need of good technicals/fundamental realization plus having a good control of your emotion.

[k@suy]

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.       

Every trader I think do also what you did, it is normal to make mistakes because you are a first timer, but be sure by the next time you will not mistaken again or you know how to limit your losses, failure makes us more smarter and have more experienced in everything that we are doing.

[tbterryboy]

it is normal to make mistakes because you are a first timer, but be sure by the next time you will not mistaken again or you know how to limit your losses, failure makes us more smarter and have more experienced in everything that we are doing.

Not repeating again and again differentiate smart traders from naive traders. Mistakes are common but doing them should not be a common practice. Only when we are conscious enough to avoid the mistakes, we can move forward to reach targets. Mistakes are in uncountable numbers hence not learning from our own mistakes will save our capital. Fortunately we are having lots of portals where traders regularly sharing their experience and if we try to make use of them then we can easily become smarter trader.

Traders do not need to be trading for longer duration to gain such knowledge and experience but just by making use of others experience and suggestions also could become pro like traders for doing less number of mistakes.

[Dr.Osh]

the mistake you often make is the mistake I also make often. other than that, I am sometimes very doubtful of the decisions I make, and the most annoying moment is, when you buy a coin, the coin is dumped, and when you sell the token, the price will pump. Well, another mistake I'm impatient.

[iv4n]

the mistake you often make is the mistake I also make often. other than that, I am sometimes very doubtful of the decisions I make, and the most annoying moment is, when you buy a coin, the coin is dumped, and when you sell the token, the price will pump. Well, another mistake I'm impatient.

Trading won't work if you are an impatient person. Our emotions had something give a huge influence on our decision and this is also a reason why we got in trouble and have a bad decision and we don't expect that would be the result. Committing mistakes can't be avoided as we are not a perfect individual and most likely, we can still make it to minimal but not the point that we can eliminate that thing.

These mistakes are beginners mistakes, we all made them every once in a while, but what I point out every time, don't trade with every "coin", trade with bitcoin, so even if you make a mistake, just keep that amount on a side, and price will recover. When price drops you can start trading again, but if it's temporary dip you can always add more money and when price go back up you will harvest a nice profit.
Think about coin you choose to trade, you can't trade with all of them in the same way. The easiest for trading are top coins, bitcoin more than others, nice volatility, the price always recover, it has good weeks when price is in some range and you can buy low sell high for days with same buy/sell orders!

[Nhor1011]

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.       

That is a normal mistake of all trader which is not fully understand the consequence of doing trading without knowledge about it. What you have mentioned are also my mistake when i start trading but now i learned from those mistakes. Trading is so risky that's why we need to study everything before we trade. And always bring patience as your shield and sword to avoid losses.

[Yatsan]

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.

Like you said, "normally" which happens normally to every manual trader.

It happens normally to beginners actually, well most of the time you need to let go of the this kind of habit coz it is not beneficial at all, when you invest on a coin just make sure that you can take how deep it gets coz that is just basically normal in cryptocurrencies. And also, most of the time you'll regret doing such pulling out.

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.

This I don't do much, I prefer the underdogs which have a history to pump in a blink.
In short, I don't ride the hype.

The hype follower, obviously this is not what being a trader it makes you more of trend checker that do not make any analysis at all. Well in fair honesty, I do this sometimes BUT when the coin is valuable enough for me. Besides, you can gain a lot in a short-term from this.

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.

It's your emotions that is taking over.
Learn how to overcome that. It must always be about the money and not what you feel.

In short take action with dealing to the market. It's normal to panic actually, what's not normal is when you cannot control yourself anymore.

[Smitty Werben Man Jensen]

for myself my trading mistakes is not being able to control emotions when trading, this is my advice for everyone,
if you trade make sure your emotions are good, and ready to start, if not only lose what you get

[Anish02]

Everyone makes silly mistakes while learning or early phase of trading. It's good to do some mistakes because due to such mistakes we have learned some valuable lessons about the market as well as trading. We learn from mistakes and that's very important for trading, in such a period our instinct becomes better by day after day. Also, don't put your emotions while trading because it will gonna manipulate you and you will not be able to make good decisions.