How to Overcome and Handle Your Mistakes in Trading?

[Kez1817]

Mistakes is inevitable and impossible to avoid but you can use it as motivation to manage it properly especially in investing and doing trade. Most of us specially a newbie sometimes do a mistakes in the beginning and later on they are going to quit because they can't handle it properly.
How to overcome and handle your mistakes?
Trading is not an easy money making job without any fear of losing and wrong trading.
Learn from your mistake- Use it to step forward and don't stack to it.
Focus on your mistakes- If you're worried about your mistakes,what will you do to avoid it?Focus on what you've done and you'll be taking a
                                    productive action.
Risk Management- A trader must be a risk taker and with positive mindset.But a trader might be so highly focused on making profit and they don't
                                    realize that they might lose also. Always accept your loses and learn to avoid it next time.
Trading Education- If you learn a basic of trading and develop a reliable trader skills,you will not afraid of having mistakes,instead it will be a lesson
                                    for you to improve and to develop another trading strategy to earn profit and avoid loses.
In trading or investing,you should have an ability to convert your mistakes into learning and development in order to become a successful trader and investor in crypto space.

Additional(EDIT): Those who have experience on how you become successful in trading after some mistakes ,kindly tell your story here so that those who can read will be encourage and learn from different experience and could gain knowledge that they can be use also or apply on their life as a trader.Thankyou

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[Yamifoud]

I hope you see this https://bitcointalk.org/index.php?topic=5250292.0 before creating this one.

I think there is no need to continue this topic instead of giving your opinion to the one I posted above. It's all been there and that it looks like we are repeating this several times. If you don't mind please lock this thread or it might be deleted soon by MOD as a duplicate thread.

That is why it is very important to make some search first for we know that a lot of topics/thread similar to this and to avoid duplication.

EDIT: I've found out that you have changed the topic. Well, It is a good thing to do mate.

[ChrisPop]

Learning from mistakes is applied in all jobs and industries. The only difference is that in trading & investing there are a lot of emotions linked to being wrong and losing your money. Frustration is the main reason that makes traders give up in my opinion. It is not an easy job indeed, it requires quite a lot of mental flexibility and also one needs to be able to control his emotions and know what he's doing.

I'd say that if anyone is looking for a great challenge - he/she should take on trading.

[Sanugarid]

I hope you see this https://bitcointalk.org/index.php?topic=5250292.0 before creating this one.

I've been seeing a lot of this thread lately, I hope we can discuss another topic so we can have a broader sense of idea.

I think there is no need to continue this topic instead of giving your opinion to the one I posted above. It's all been there and that it looks like we are repeating this several times. If you don't mind please lock this thread or it might be deleted soon by MOD as a duplicate thread.

I think this is okay if the last thread was created about a month ago so we can freshen up the discussion, or if the last reply to the thread is a month ago some sort of that. I mean we can have duplicated threads but not consecutively posted, I know these are prone to newbies so please do a simple search through keywords to avoid unnecessary deletion of the post.

[dunfida]

Learn from your mistakes!

You would discover anything if you do really learn up from your mistake.It would able for you to realize on what are the efficient things
that would really be needed into your trading career.Of course mistakes are inevitable since no one do really start from being pro thats why
its just normal.It would really just depend on how people would deal up with things and how they do discipline out theirselves on what
they are doing.

[fullhdpixel]

There are multiple threads regarding the same discussion and while I don't mind learning new things but the points you made are actually very common and obvious.

Risk Management- A trader must be a risk taker and with positive mindset.But a trader might be so highly focused on making profit and they don't realize that they might lose also. Always accept your loses and learn to avoid it next time.

Yes, the point is important but anyone who is trading seriously must be aware of the risk and trading is actually a better form of gambling where you can hold your asset as long as you need while there are gambling websites that offer markets on what will be the price of bitcoins in next 1 week or so.

I would appreciate if someone can combine all these threads and make a list of all possible points for traders.

[bitbunnny]

Well, it's impossible to trade without making mistakes, we all make them sooner or later. Especialy at the begininig, after all you need to get some knowledge and experience.
The most important thing is that you learn from your mistakes and don't repeat them. It's also very important that you don't become greedy and too emotional, that will definetely lead you into troubles and losses. Balance in trading is very important.

[GreatArkansas]

Risk Management- A trader must be a risk taker and with positive mindset.But a trader might be so highly focused on making profit and they don't realize that they might lose also. Always accept your loses and learn to avoid it next time.

This is also one of the best important for me in trading.
Risk Management is a must of every trader.
One of the best in risk management is to study the risk/reward ratio and apply it on your trading ; Risk/Reward Ratio.
This will help every trader on risk management, I hope for those traders who are starting there, they should study about this.

[milewilda]

There are already lots of threads in relate into this topic:

https://bitcointalk.org/index.php?topic=5193643.0
https://bitcointalk.org/index.php?topic=3572889.0
https://bitcointalk.org/index.php?topic=5195239.40

No need to post up another similar thread talking about handling out mistakes in trading.

[Latviand]

Risk Management- A trader must be a risk taker and with positive mindset.But a trader might be so highly focused on making profit and they don't
                                    realize that they might lose also. Always accept your loses and learn to avoid it next time.

This strategy in trading is very effective cor you to minimize the risk of losing your money. In risk management, you need to deal with the market situation and so that you know if it is the right time to trade or not. Risk management will make you aware about the risks in trading as you are learning what to do to reduce the losses in your assets.

Trading Education- If you learn a basic of trading and develop a reliable trader skills,you will not afraid of having mistakes,instead it will be a lesson
                                    for you to improve and to develop another trading strategy to earn profit and avoid loses.

In trading education, you need to know how trading works in the market. You need to deal with those struggles, mistakes, and losses in trading because that will help you to become better and grow your assets. By that you will become more effective in trading once you know the basic fundamentals that you need to know before you do trading.

[AniviaBtc]

How to overcome and handle your mistakes?
Trading is not an easy money making job without any fear of losing and wrong trading.
Learn from your mistake- Use it to step forward and don't stack to it.
Focus on your mistakes- If you're worried about your mistakes,what will you do to avoid it?Focus on what you've done and you'll be taking a
                                    productive action.

This is the most effective and important for me, I think. Mistakes will help you grow as a trader, especially that it will help you become more prepared, wise, and have a good decision making in many transactions. I know that it is not that easy to do trading especially if you are new to it. But once you experience losses and you try to minimize them, that's the time that you are becoming effective and you are applying all the experiences that you have. You just need to practice and practice trading, you need to explore how trading works and how can you deal with that. Mistakes are normal so don't be afraid of that, just make sure that you are going to fight and reduce them so that you can also have losses in your future transactions. Strategies are really importance once you are making your self prepared and ready, just always perform technical analysis and become confident about your mistakes.

[GelsoAM]

First of, When it comes to trading you must know what you are doing before you place an order. Just a slight mistake or miscalculation can cost you thousands. Remember that. I know it's scary. You can loose hundreds or thousands of dollars on mistakes but that's good. How is that good? Because you have gained experience from your mistakes and know how to avoid it. So when there is a trade that can potentially earn you millions then you know what to do.

[spike420211]

Trading is the balance between your mistakes and the right decisions.
Mistakes lead to monetary losses, your task is to get the maximum benefit out of any mistake - this is an investment in your training.

The more mistakes the more money and the more experience you should get.
However, for this you need to regularly analyze your own actions, several hours a day. For an hour of practice, 2 hours of theory should come.

[sujonali1819]

The first way to recover after loss is to learn from those mistakes. But if you always make some unique mistake and loss your capital thus once you will your total holding. So what is the solution then? the solution is you have to learn more about trading before starting it for full time.

And yes a trader must have the capability of loss management what they can afford. Otherwise, they will not control their emotion.

[beerlover]

Actually losing money in trading is one of the best teachers in the world. Whatever you are doing in life, not just in trading, if you keep trying and learning and practicing, you will fail a lot. Nobody picks up a guitar and suddenly becomes slash, you start by learning and making mistakes and you sound horrible and you do not play anything meaningful until you reach to that level. Is there a point where you know that maybe you are not a trader material person? Sure there could be, not everyone has to be a great trader.

But, no great trader became one on the first day neither so you need to keep trying and trying and trying. Sad thing is, some people leave after their first loss, on contrary that first loss actually means he was one loss closer to actually being a good trader before they gave up.

[LUCKMCFLY]

I think that in order to manage failures and successes in trading a great financial education is necessary, because when failing in any operation the trader must know why it happened, and when you win the same, otherwise it is because you are gambling and that is not It is useless, because tradind must be seen as a profession, every day you learn and apart it must be seen as a business.

[cytpoway121]

Overcoming mistakes in trading is a very easy thing to do, the first thing you need to do is identify the mistakes; accept and admit the fault on your side; develop a solution to the mistakes; fix the mistake and master that act such that it does not repeat itself anylonger. Remember there cannot be any form of pride when it comes to crypto currency trading, because crypto currency trading humbles everyone.

[sweetbet]

Also, who you follow and pay attention to on social media can make a world of difference. When I first started trading, I was following and listening to complete scammers (not aware that they were scammers). As a result, I nearly lost all my money. Since then, I've unfollowed them and listen to quality traders, and have almost recouped my losses.

[harizen]

Overcoming mistakes in trading is a very easy thing to do, the first thing you need to do is identify the mistakes; accept and admit the fault on your side; develop a solution to the mistakes; fix the mistake and master that act such that it does not repeat itself anylonger.

Easier been said than done. It's not as easy as you think. If it does, we should see fewer traders now losing their position.

Mistakes are normal and even the top, best, good, experienced, and professional traders still experiencing mistakes today. Even a trader knows it's a mistake to do "something" they will still proceed because they want a better return.

Risk-management is the key. It's fine for me to push for an obvious mistake by any chance "as long as I understand the risks".

[The cure]

I believe that mistakes are part of success. You will never learn if you do not make a mistake.But the most important thing there is you learn how to accept it and learn from it. In trading we always have to be careful in every move we do, because if you always do the same mistake your capital could be depleted. Don't get tired of doing research this will help you become a good trader.

[dragon695]

I believe that mistakes are part of success. You will never learn if you do not make a mistake.But the most important thing there is you learn how to accept it and learn from it. In trading we always have to be careful in every move we do, because if you always do the same mistake your capital could be depleted. Don't get tired of doing research this will help you become a good trader.

I totally agree with your idea! A mistake is critical to our learning process. You'll remember it longer when you learn it the hard way. I've seen a lot of people quit trading because they hesitated to learn from their mistakes and they are afraid of being failed again! Don't stop learning, don't scare to be failed! You should only scare when you stop trying!

[Krabby]

As a newbie, I think transactions should be recorded. For example, when you open an order, you should record the reason for the open order and the reason for the loss. That's what I used to do in the early days of trading, it was really time-consuming and silly, but the results it brought were amazing. After a period of hard trading and I reread my handbook, I realized a lot of good things and have applied successfully until now. Now I don't dare to admit that I am a successful trader but in 1 month I earned an average of 400 $ - 460 $. just discipline yourself to get a good results slightly.

[Blue_oxen]

Also, who you follow and pay attention to on social media can make a world of difference. When I first started trading, I was following and listening to complete scammers (not aware that they were scammers). As a result, I nearly lost all my money. Since then, I've unfollowed them and listen to quality traders, and have almost recouped my losses.

It's good to see you changed! However, besides listening to others, you should focus on gaining knowledge, understanding, skills by yourself. By doing this, you'll have the ability to double-check any information that appears on social media. Then you can legitly decide whether to take action or not. Equipping yourself with knowledge and understanding are very important in trading.

[Oasisman]

I believe that mistakes are part of success. You will never learn if you do not make a mistake.But the most important thing there is you learn how to accept it and learn from it. In trading we always have to be careful in every move we do, because if you always do the same mistake your capital could be depleted. Don't get tired of doing research this will help you become a good trader.

I totally agree with your idea! A mistake is critical to our learning process. You'll remember it longer when you learn it the hard way. I've seen a lot of people quit trading because they hesitated to learn from their mistakes and they are afraid of being failed again! Don't stop learning, don't scare to be failed! You should only scare when you stop trying!

Then you should also consider the resources you spend while trading, it's inevitable not to feel fear when you're trading, specially when you're still learning the ropes.

Trading ain't never easy experience will always give you the advantage to familiarize the market movements, TA's and fundamental news. Remember that, most of the successful traders doesn't waste his precious time trying to educate others. He either monetize the knowledge he gets or doesn't bother to.

[so98nn]

Trading education can be beneficial to overcome all other points that you have mentioned. Since educating a trader can lead to mistakes, risks analysis, prod and cons. Apart from this one can easily get to know their own habits and behaviour when they start trading. Knowing yourself at anytime is best one rather than depending on someone else.

So it's advisable that everyone focuses on education and analysis of their trades.

[Ridwan Fauzi]

As a newbie, I think transactions should be recorded. For example, when you open an order, you should record the reason for the open order and the reason for the loss. That's what I used to do in the early days of trading, it was really time-consuming and silly, but the results it brought were amazing. After a period of hard trading and I reread my handbook, I realized a lot of good things and have applied successfully until now. Now I don't dare to admit that I am a successful trader but in 1 month I earned an average of 400 $ - 460 $. just discipline yourself to get a good results slightly.

An effort will pay for everything, right? glad to hear your story here especially when you reveal an income per months and I think that is a huge amount. But, in the trading, we can't similarities with other people's strategy or their experience because there will be different from each other. I was wrong when I just new to trade because I just collect some references about other people's experience and their income now.

I wasn't focused to my daily trade especially the strategy that I used. Just copied other people's strategy and someone's else suggestion (like what OP said) and I wasn't learned what I have done every time I trade. I realized when I got stuck because I've spent $50 every day and I talk to myself there was something wrong. And yeah, I realize to find a bunch of trading strategy is easy I can understand it with only one day but I can't control myself in an easy way, I need more times and I need a lot of practice to trade comfortably.

[Vitalicus]

Trading education can be beneficial to overcome all other points that you have mentioned. Since educating a trader can lead to mistakes, risks analysis, prod and cons. Apart from this one can easily get to know their own habits and behaviour when they start trading. Knowing yourself at anytime is best one rather than depending on someone else.

So it's advisable that everyone focuses on education and analysis of their trades.

True! Before doing anything guys, please learn! We should know and understand what we're doing. In that way, we can believe in our decisions and our ability to achieve our goals! The way I overcame my mistake in the past is that I learned from it. I find the problem and learn how to fix it. That's how I can keep moving on in this market!

[imstillthebest]

Focusing on your mistakes has to do more with emotions in whichllots of traders does not really take very important. one of the vast mistakes trader do is always jumping on an already gone train, by buying high and selling low, the fomo urge tends to be too high, such traders lacks the ability to wait for a dip before joining a moving train, and in this case proper trading education is required whereby you need to know where the support and resistance is, if not, such mistakes will keep repeating itself

they jump because they think the price can rose more  . its okay if they do this on coins that have a history of that acts but for the coin that has no record yet , thats hard and the chance is 50 percent or lower   . buying high and selling low seems not right to hear  ,  if ever i entered on the wrong time , i will choose to loose than to sell at a loss  .     and also who would ever repeat the same mistakes  ?   i changed strat if one or two mistake experience to avoid more losses

[abel1337]

Trading education can be beneficial to overcome all other points that you have mentioned. Since educating a trader can lead to mistakes, risks analysis, prod and cons. Apart from this one can easily get to know their own habits and behaviour when they start trading. Knowing yourself at anytime is best one rather than depending on someone else.

So it's advisable that everyone focuses on education and analysis of their trades.

True! Before doing anything guys, please learn! We should know and understand what we're doing. In that way, we can believe in our decisions and our ability to achieve our goals! The way I overcame my mistake in the past is that I learned from it. I find the problem and learn how to fix it. That's how I can keep moving on in this market!

Learning is the first you need to do when you are entering a situation like trading. If we're talking about money. Knowledge, logical thinking, skills, and good analysis is very important in trading and you can get this by experience. The experience doesn't mean you need to fail or make a mistake before you learn, Sometimes we need to learn from the mistake and others and make insight with the situation they have. Every professional trader experiences a mistake and fails on their trading sessions and they just accept it and make themselves better to avoid the situation again.

[maydna]

Learn something from your mistake will be the most important thing that you must-do if you want to be a pro trading because you can search the mistake first, and you will know what part you make that mistake. The next thing that you can do is search for how to fix or solve the problem so that it can give you time to search for another lesson or how to fix that mistake. If you can fix it, you can improve your analysis skills, and you will be able to avoid the same mistake in the future.

Perhaps, it will not easy as it said because we need to focus on searching on the mistake, and we need to separate part by part to find that mistake. But that is what we need to do to learn from the mistake. You need to learn more about trading, so you will have another lesson which you can apply in trading, and you can have time to try to make a profit.

[Findingnemo]

Try to avoid your previous mistakes in your future trades so you can make some profit and also get confidence about your own trading skills. In my opinion we can trade better if we trade with little amount because we can go for better margin with no worries even if we lost we won't lose our hope on it.

[Yatsan]

Try to avoid your previous mistakes in your future trades so you can make some profit and also get confidence about your own trading skills. In my opinion we can trade better if we trade with little amount because we can go for better margin with no worries even if we lost we won't lose our hope on it.

Yes! experience is always the best teacher here in trading, me personally I committed a ton of mistakes in trading and still doing some, but by learning from my past experience I am now minimizing the mistakes and same as the risk of losing money. And in addition, you can learn also from the mistakes of the others by reading here in forum and watching YouTube videos. Trading is always unpredictable but, you can minimize the risk by learning how to control it. 

[ReiMomo]

Try to avoid your previous mistakes in your future trades so you can make some profit and also get confidence about your own trading skills. In my opinion we can trade better if we trade with little amount because we can go for better margin with no worries even if we lost we won't lose our hope on it.

I guess this is what the most traders want, to learn their mistakes and don't let will happen again in the future. But the market was a very powerful force and maybe even an expert in trading can control it, they also encounter losses. How about the new one, there is no other way to control it.

Sometimes our wrong interpretation will lead us to losses, so, there are too many factors on how to overcome and handle mistakes, it's all about us. I guess it is good if you try first in demo trading before you will be risking your money in trial and error method, it seems advisable to start with a small trading account where you can continue trading and learning from the mistakes you had which will occur along the way.

[Kasabus]

Learn something from your mistake will be the most important thing that you must-do if you want to be a pro trading because you can search the mistake first, and you will know what part you make that mistake. The next thing that you can do is search for how to fix or solve the problem so that it can give you time to search for another lesson or how to fix that mistake. If you can fix it, you can improve your analysis skills, and you will be able to avoid the same mistake in the future.

Perhaps, it will not easy as it said because we need to focus on searching on the mistake, and we need to separate part by part to find that mistake. But that is what we need to do to learn from the mistake. You need to learn more about trading, so you will have another lesson which you can apply in trading, and you can have time to try to make a profit.

Mistakes are always inevitable not only in trading but even to some other businesses. But we can be more successful in trading if we can handle our mistakes in a positive way and definitely learn from them from time to time. I think emotions are too hard to combat in trading but if you know how to balance your emotions when it comes to trading, you might lose some time but not that huge.

[isaac_clarke22]

~

I believe "Learning from mistake" was mentioned quite a lot of times already and I believe it is time for someone to at least show their experience from their "Learning from mistake", because saying it straight up isn't encouraging anymore unlike in the past.

[FanEagle]

Learning from mistakes is definitely the best way, I agree with that. There are tons of quotes about mistakes and failures, you need to just keep failing until you succeed. The best one I like is "you only have to succeed on the last time you try", it is a beautiful saying that means you can fail as much as you want but as long as you succeed on the very last try that means you ended up being successful and that is quite important and the only thing that matters.

I personally failed many times, lost money many times, profited many times as well and in the end of all those mistakes and success I found which one is caused by what and that allowed me to eliminate the ways I used that caused me to lose money and keep the ones that allowed me to make more profits and continue repeating that.

[Stedsm]

The best way to overcome and handle our mistakes in trading according to me is to write down your mistakes. It may sound stupid to others who think this won't work but believe me, you won't have any better option than this. If you write down your mistakes and keep them all safe in one book/diary only, chances are you won't repeat the exact same mistakes as you already know you did, just by reading your mistakes and remembering them through this. I think there are many people who can't remember their mistakes which makes the commit the same mistake over and over, this needs to be stopped if you want to be a good and successful trader.

[LbtalkL]

My common mistake was being too greedy, I am talking about futures trading I always go all in like x100 leverage, sometimes it pays off but most of the time I lose because of it. I was just trying to get back what I lost it is like all or nothing. I want a situation like that though but it is pretty risky.  The good thing is I am not trading regularly. Even experts makes mistake on trading so be responsible and try to control yourself.

[Oilacris]

Learning from mistakes is definitely the best way, I agree with that. There are tons of quotes about mistakes and failures, you need to just keep failing until you succeed. The best one I like is "you only have to succeed on the last time you try", it is a beautiful saying that means you can fail as much as you want but as long as you succeed on the very last try that means you ended up being successful and that is quite important and the only thing that matters.

I personally failed many times, lost money many times, profited many times as well and in the end of all those mistakes and success I found which one is caused by what and that allowed me to eliminate the ways I used that caused me to lose money and keep the ones that allowed me to make more profits and continue repeating that.

Yeah this would really help you out and it will vary or depend on someones motivation since not all would really have the same kind of determination inside of em.

When they experienced failures or hardships, some people do easily give up and quit to get rid of those mistakes and wont lost money without even realizing

that they cant learn things up if they wont try it out for themselves.

[maydna]

Learn something from your mistake will be the most important thing that you must-do if you want to be a pro trading because you can search the mistake first, and you will know what part you make that mistake. The next thing that you can do is search for how to fix or solve the problem so that it can give you time to search for another lesson or how to fix that mistake. If you can fix it, you can improve your analysis skills, and you will be able to avoid the same mistake in the future.

Perhaps, it will not easy as it said because we need to focus on searching on the mistake, and we need to separate part by part to find that mistake. But that is what we need to do to learn from the mistake. You need to learn more about trading, so you will have another lesson which you can apply in trading, and you can have time to try to make a profit.

Mistakes are always inevitable not only in trading but even to some other businesses. But we can be more successful in trading if we can handle our mistakes in a positive way and definitely learn from them from time to time. I think emotions are too hard to combat in trading but if you know how to balance your emotions when it comes to trading, you might lose some time but not that huge.

It is right, but we can avoid mistakes by always learning more lessons of what we did, so we can make a strategy or plan for every step that we will do. I am sure if we can spend more time learning about trading and don't feel about it is enough and satisfy with our skills, our skills will grow, and that can give us more chances to have better analysis than before. We will have the opportunity to improve ourselves, and perhaps, we can be able to handle our emotions in trading. Although the emotion will always be there, we can know how to balance the emotions because we already learn how to control them.

[mersal]

I believe that mistakes are part of success. You will never learn if you do not make a mistake.But the most important thing there is you learn how to accept it and learn from it. In trading we always have to be careful in every move we do, because if you always do the same mistake your capital could be depleted. Don't get tired of doing research this will help you become a good trader.

Be a smart trader, learn from others mistakes so you won't lose your money while learning which is effective when you are already in crypto trading field but when someone is completely new they can only learn from their mistakes for that they can use demo accounts as well if they don't have enough money to lose while learning.

[jostorres]

Before we start trading, I think it is something that we need to have another job doing. I see traders that say they are leaving their main jobs or Business to pursue trading only, which is something I don’t see as a good idea. You need to have another means of income to be able to fund your trade. When you trade this for long and you have gotten perfect in it and you’re making a lot of money from it, you can then leave your job and focus only on it.

Moreover when you have a job doing you wouldn’t worry much when you lose money and you won’t be stopped, because you have more funds to keep trading till you’re perfect. That doesn't mean you need to keep adding funds whenever you lose your capital but at least you will be able to withstand against your losses until you finish off your learning phase.

[BitcoinTurk]

Instead of focusing on making money while trading, it is also necessary to focus on gaining experience. Understanding why we make mistakes instead of giving up when we make a mistake, turning our mistakes into experience, trying to find the solution of the mistake, and most importantly, not giving up after a single mistake are the most important things to do. For this reason, based on my own mistakes and experiences, I would like to say the following;
 
- Make more mistakes to have experience
- Definitely learn the solutions of errors
- Don't give up right away when you make a mistake
- Learn to control your emotions
 
You can now make fewer mistakes, just by considering these four factors I mentioned. Remember, every mistake you make will come back to you as an experience.

[CarnagexD]

That's very easy, you need to be matured and learn how to accept losses so that it will not affect your emotion very much. If you know how to treat mistakes as a lesson then it will not become a big problem every time you perform a trade. In order to achieve success in trading, you should understand the reality that when there is a profit, there are risks that will approach you. Making portfolios will help you to monitor your mistakes and prevent that same mistakes in any transactions that you are planning to perform. As I'm still determined to learn more in trading, these mistakes are already not a big deal for me because i know how to deal with them right now.

[AakZaki]

Trading education or basic trading knowledge must be owned by a trader to be able to minimize the risk of trading that will be experienced. When someone trades without knowing what they are doing or don't know the basics of trading, they are just wasting their brand money for nothing. Trading is not as easy and simple as they think.

learning from previous mistakes and then correcting them is very necessary so that they don't get stuck in the same hole. there are many ways that can be done but the most important thing is how you learn and understand the science of trading well then apply it.

[carlfebz2]

•You should prepare yourself on learning something first before trying out to deal with trading.
•Mistakes are common so take it as a part of learning
•Dont let your emotion control you
•Stay disciplined towards your goals
•Dont let yourself follow others words or tips.

[Hippocrypto]

You are safe if you made a huge mistake yesterday. Buying at the lowest price even fixes a short time profits price. Yes, I'm talking about greedy people. We all need profit, traders receive profits today and holders will receive profits tomorrow. For high profits, don't become holders. Always take a decision about the market conditions, especially on your chosen coin. Here I always make the same mistakes, now I don't do it. Altcoins price is always unstable, so your profits should move to USDT.

In binance USDT trading is a strong foundation that could be considered on most top asset. Choosing the right coin, that must include less volatile crypto as well as heading towards profit. For an assurance, being a holder is rewarding but not all the time. You need to take focus on the market changes in every trend that it goes within an unpredictable scenario which we aren't in control.

[crwth]

As a person, I think we cannot wholly stop making mistakes just because it’s inevitable. But from what you have posted there, it’s part of the process in which you could improve more and know what to do in a particular circumstance. That’s the challenge in trading in which where you know that you predict 100% the outcome, but you are willing to take the risk because of your technical analysis. When that is done, the best thing is the limiting of your risk by risk management.

I have continuously dealt with myself with the control to stop over-trading. I have full of emotions and feelings, so it made me risk more and lost more money with the process. I’m thankful to have a trading Tool like Gunbot but to assist me in my training needs. Maybe you guys are interested as well.

[Assface16678]

Trading is one of the hardest things we could do because it is all or nothing and some of them are already fall back on trading and investing in it because some of them cannot make any trading anymore and losing all of their funds. I'm not a professional trader but most of the time I experience this loss of funds and one of the best ways is to analyze all of the information that is your mistakes.

If you think you already lose a lot of money why not take a break for the meantime and if you think you already good go back to make the trade and earn a lot still it is all of your parts to make more trade or fall back and accept you already losses your money.

•You should prepare yourself on learning something first before trying out to deal with trading.
•Mistakes are common so take it as a part of learning
•Dont let your emotion control you
•Stay disciplined towards your goals
•Dont let yourself follow others words or tips.

Experience are still one of the best teacher learn from the mistakes of other people and your mistake, not their achievements so make more knowledge you make time allotment as an investment to make more experience.

[earnfreecrypto1999]

first of all you will be go to the crypto market and then you will see current order and selling price. all buy and sell orders place in exchange. so when you buy or sell any coin or token so you will have to see market current situation then when market coin price is down you can buy any currency which you want then if you sell any currency so you have to see market current price and then put place order to get instant crypto

[Janation]

I believe that mistakes are part of success. You will never learn if you do not make a mistake.But the most important thing there is you learn how to accept it and learn from it. In trading we always have to be careful in every move we do, because if you always do the same mistake your capital could be depleted. Don't get tired of doing research this will help you become a good trader.

Be a smart trader, learn from others mistakes so you won't lose your money while learning which is effective when you are already in crypto trading field but when someone is completely new they can only learn from their mistakes for that they can use demo accounts as well if they don't have enough money to lose while learning.

They can also start small if they don't have that much money.

Another thing is that people are giving a lot of tips here in the forum. It is full of information about what you should do and what you shouldn't do. It is not just that, people are even sharing their trades and predictions here that you can cross-reference that to other trader's predictions. Although experience is still the best teacher, having knowledge beforehand is better. This forum is like a complete package for us traders and investors.

[Wexnident]

One thing to consider is that, don't afraid to make a mistake. Be afraid of making a mistake and not knowing what to do after making it. Mistakes are learning lessons for each and every one of us. Stop considering winning, especially from the start. You don't really learn anything by winning. Even if you accidentally trade successfully and made a huge profit, by the time you do your 2nd or 3rd, you'd probably realize that "ah, I was just lucky" kind of thing. Mistakes are like Thanos, and if I were to quote him, "I am the inevitable". It'll happen, sooner or later. Don't even bother comparing yourself to the Avengers though, the inevitable naturally comes, whether you delay it or not.

[YOSHIE]

Basically most people judge the crypto trade, a "mistake" is one thing that often happens and is reasonable, but for that, if I make a mistake in trading, going forward, before trading I have a plan from the beginning in doing so which crypto should I sell / buy, long or short term, if the crypto potential to get a smaller profit I will cancel the purchase of crypto ,I can't repeat the second mistake.

For that, I also have to pay attention again about this price movement can help me in overcoming mistakes and avoiding the risk of failure.

[ethereumhunter]

Basically most people judge the crypto trade, a "mistake" is one thing that often happens and is reasonable, but for that, if I make a mistake in trading, going forward, before trading I have a plan from the beginning in doing so which crypto should I sell / buy, long or short term, if the crypto potential to get a smaller profit I will cancel the purchase of crypto ,I can't repeat the second mistake.

For that, I also have to pay attention again about this price movement can help me in overcoming mistakes and avoiding the risk of failure.

If they judge crypto trading, I think it's because they don't learn about trading, so when they can not make a profit, they blame other people who suggest them to trade. If they can spend their time to learn many things about trading, I think they don't have to get lost, but they will have a chance to make a profit. In the crypto trading, we need to have knowledge and skills to analyze the market, but if you can not analyze the market with the right, it will be no problem because you can still learn how to avoid the mistake.

[bitgoldpanther1978]

There is saying that in every mistakes there's always a lesson from it, and that's true were it was proven and tested too.
Because the more failures we face in is the more we learn how to stand for it. Through with those mistakes, it became a bridge
for us to become successful in the end as well.

[Dart18]

Greed is the most emotion that will come out once you are doing great.
I have done it before and I had learned from it.

You already won a nice amount and yet you are still waiting and looking for more.
That mistake is because of lack of plan.
If the plan is to win just $100 a day then stay with it.
Greed will come and you want $150 on the same day even if you are already sitting at a nice profit.

[wxxyrqa]

Greed is the most emotion that will come out once you are doing great.
I have done it before and I had learned from it.

You already won a nice amount and yet you are still waiting and looking for more.
That mistake is because of lack of plan.
If the plan is to win just $100 a day then stay with it.
Greed will come and you want $150 on the same day even if you are already sitting at a nice profit.

Before starting to trade, each trader must draw up a plan of his activity, taking into account all the options for the development of further events in the cryptocurrency market, while you need to be prepared not only for the positive, but also for the negative scenario. In addition, greed may not concern precisely those traders who rationally evaluate their capabilities, especially if they do not go against the technical analysis of the selected cryptocurrencies.

[bitgolden]

If you are mature enough to accept your losses in trading then probably you can easily overcome and handle all your mistakes more effectively. Only the traders who are finding themselves frustrated after doing a mistake and then facing losses, may not able to handle mistakes as a step stone for their career growth. You must do lots of mistakes in your trading when your capital is small because in future you may develop your trading with the multi-fold capital and then you should never repeat same types of mistakes so that you can secure your capital which must be the first step toward making good profits.

When we take time to analyse why we are doing mistake and what are things we must need to take care so that we can avoid such mistakes then over the time we can simply avoid all the mistakes. This is all about continuous learning. We can make mistakes but we should never repeat mistake.

[Nellayar]

If you are mature enough to accept your losses in trading then probably you can easily overcome and handle all your mistakes more effectively. Only the traders who are finding themselves frustrated after doing a mistake and then facing losses, may not able to handle mistakes as a step stone for their career growth. You must do lots of mistakes in your trading when your capital is small because in future you may develop your trading with the multi-fold capital and then you should never repeat same types of mistakes so that you can secure your capital which must be the first step toward making good profits.

When we take time to analyse why we are doing mistake and what are things we must need to take care so that we can avoid such mistakes then over the time we can simply avoid all the mistakes. This is all about continuous learning. We can make mistakes but we should never repeat mistake.

Another reason why we have always mistake in trading is the greed. I know that most of us are greed to take higher profits since we should maximize our profits. Besides, this is the reason why I fail to make money because I am greed even before. The difference right now is that, I learned to stop my losses and take profits when I feel that I need to sell out my hodl coins.

Every mistakes leaves us a scar. It is up to us on how we will look to the scar. We should not let our mistakes dominate our entire life. We should always have plan to overcome difficulties in trading. And we can only do that if we won`t quit at all. Remember, scar symbolizes courage.

[famososMuertos]

Other users have already commented, but it is something worth repeating, use the search engine and perhaps the context of your OP may be better, since in reality many have the same concern. Important each experience is unique and for this reason perhaps the mods give everyone the opportunity to express themselves, but a filter certainly helps the debate.

On-Topic: Mistakes in trading are part of the process, is where you do things right and everything can go wrong, the mistakes that are made in trading "generally" is due to the influence of third parties, you have than learning to differentiate that, not all the negative results are your fault.

Then define well what your mistakes may be and which are the inevitable, since they do not depend on you.

[spike420211]

In fact, there is not much that can be done with mistakes, but it must be done.
The first thing you should do is get out of negative thinking after realizing the mistake.

Next, you must make every effort to restore the damage caused by the mistake. If this is not possible, you must identify why the error occurred so that it would not be repeated in the future.
The last point will be to forget and move on.

[Oasisman]

Additional(EDIT): Those who have experience on how you become successful in trading after some mistakes ,kindly tell your story here so that those who can read will be encourage and learn from different experience and could gain knowledge that they can be use also or apply on their life as a trader.Thankyou

I don't know what's your definition with a successful trader, but IMO most of us in this board are all sharing tips, advices and deeper understanding about trading. So, most probably everyone of us here are still learning how to become successful in this field.
I'm afraid the most successful ones doesn't have enough time to bother trying to educate everyone. Like I always say, If you have excellent market analysis and extraordinary skills in trading, then it's better to monetize it  rather than sharing it for free. If you noticed there are a lot offers in trading course.

[Ronaldcoin2017]

Being positive is really the best way to handle mistakes in trading, i believe that lossing is always a part of a traders life, because even the people who has a lot of experiences on trading may still also loss on it, maybe we should always think in a positive way and continue to trade,be more smart and read some books that can improve your self to become a great trader in the near future.

[ethereumhunter]

Being positive is really the best way to handle mistakes in trading, i believe that lossing is always a part of a traders life, because even the people who has a lot of experiences on trading may still also loss on it, maybe we should always think in a positive way and continue to trade,be more smart and read some books that can improve your self to become a great trader in the near future.

Being positive but not followed by learning from the mistakes will not make us grow because we will not know what the mistakes are and how to fix the mistakes. We will not have more experience from the mistakes, and we will not have a chance to improve our skills. Have a positive mind to accept the loss, and we spend the time learning will be the best way to improve our skills so that we will not make the same mistakes in the future.

[Freddy11]

The simplest formula is to do a lot of research, as one of the biggest mistake is wrong broker and that is where we need to be very careful about. If our broker is not good enough then we will never be able to go anywhere at all, so go to be very careful with it.

[Gozie51]

It's useless when your desire is strong but you don't have the skills in trading then it will only be a loss for you,

This is correct and if you only have desire and no technical knowledge to put it into practice, it becomes a wish. Wishes don't have any effect in human if they are not put into work. So it is important that as we have the desire we should also have adequate knowledge on how to bring our desire into happening.

[SARA ISLAM]

First, you have to learn to trade then you have to create a strategy. Then the strategy should be tested in the live market and if any necessary occur the trader should discuss with the good traders, And you have to trade according to the strategy while keeping the money management right. No trading should be done outside the strategy. This rule must be followed properly. If you follow this rule, if you follow this rule correctly, the mistakes of trading can be caught and corrected.

[bitbunnny]

The best way to overcome mistakes in trading is to learn from them and not to repeat them again. Mistakes will happen as well as losses, that is inevitable so you have to be prepared. That means that you have to have back up plan and enough funds to cover losses without deeper damage. The worst thing you can do is think that you will not experience loss and not make mistakes.

[daneal stev]

We all suffered errors and losses when we were beginners, but this matter did not prompt us to surrender and that everything I mentioned is correct and I see that focusing on mistakes is very important as we must all focus on our mistakes so that we can gain the last ones and we also need to learn the field of trading well before Enter it

[wozzek23]

Using your mistakes as a stepping stone, it is really important that people gets to know about that. It is not good that you see mistakes as a game over. There are people who wouldn’t choose to learn from their mistakes, rather they will just call it a quit and see their failure as a sign that they are meant to quit. There are people who failed many times, but they didn’t quit because what they are pursuing is something they would love to spend all their time doing.

So, instead of quitting after they have failed, they just use the failure as a stepping stones and keep trying to different strategies until they have gotten it right. So this point is one important point that people needs to pick from here.

[RealMalatesta]

Unfortunately some people do not learn from their mistakes and over time try to blame it on the markets or something to cause more harm for themselves. For some reason when some people lose they blame manipulators, they blame media to play with the price, they blame exchanges, they blame everything but themselves.

This is why they will never learn anything from the mistakes, even if they end up continue trading they are basically just saying that next time they do the exact same thing that caused them to lose money will actually work and make them profits, of course it doesn't and that means they do end up losing a ton of money once again. This is basically all because of people are too narrow minded to think they themselves could ever be the mistaken part in this.

[Quidat]

Using your mistakes as a stepping stone, it is really important that people gets to know about that. It is not good that you see mistakes as a game over. There are people who wouldn’t choose to learn from their mistakes, rather they will just call it a quit and see their failure as a sign that they are meant to quit. There are people who failed many times, but they didn’t quit because what they are pursuing is something they would love to spend all their time doing.

So, instead of quitting after they have failed, they just use the failure as a stepping stones and keep trying to different strategies until they have gotten it right. So this point is one important point that people needs to pick from here.

Easy to say but would really be hard to be done along the way since not all people would really have that kind of strong will when it comes on handling up things.This is why they do really make out decisions on quitting directly once they do saw that this thing doesnt work for them.Yeah, its really a wrong mindset specially when we do commit several mistakes unless if you've been trading for years and still profitable then thats the time you can say or a considerable time for you to quit because there are really things which are really meant for us to get involved or doesnt work no matter how hard we do try but first we shouldnt easily quit
and as said making these mistakes as a ladder or stepping stones of learning to your success.

[Shasha80]

When I first started trading I made a lot of mistakes, and because of these mistakes I also suffered a big loss. From this incident I began
to think about overcoming and dealing with the mistakes I made while trading. There are several steps I did to overcome the mistakes I made,
including learning more about trading, controlling emotions when trading, use the stop-loss feature and most importantly learn to be patient.
With the steps I did that slowly my trading results began to improve. Because I can correct the mistakes I made.

[okala]

A well right up and mistake should be something we should not reject but trying to live with as a trader. The only way nature teach us on some trading secret and strategy is through what we learn after making a mistake.

[BLTC]

This is so true, There are many newbies out there that tends to start even without a solid foundation on what trading really is. So, Learn these things because it will help you greatly and lessen your risks on every trade.

[South Park]

It depends, the first question is did you actually made a mistake? I ask this because many see losing a trade as a mistake but I disagree, no one can win every single trade, if you took the time to watch the market and analyze it and your strategy told you to get in the market and you lost, that is not a mistake, that is just paying the price of trading the markets, however if you made a trade against what your strategy was telling you or invested more money than necessary even if you won that trade that was a mistake and you need to find a way to correct it before it is too late.

[TheGreatPython]

It depends, the first question is did you actually made a mistake? I ask this because many see losing a trade as a mistake but I disagree, no one can win every single trade, if you took the time to watch the market and analyze it and your strategy told you to get in the market and you lost, that is not a mistake, that is just paying the price of trading the markets

That must be a right point; no trader could win on every trade they do make and all the failures while trading should not be considered as mistake but may be accounted as lack of knowledge on technical analysis. I mean when your sound in technical analysis then the chances for making mistakes in trading will be very less. Only the traders who are not experienced in making good signal out of their technical analysis must be facing frequent losses and may consider them as mistakes.

if you made a trade against what your strategy was telling you or invested more money than necessary even if you won that trade that was a mistake and you need to find a way to correct it before it is too late.

If you're following a strategy then you should follow it all the times so that you could find chances to sustain with your trading. Like you have mentioned, most traders never consider all the profitable trade which were NOT made through their strategy just because of it was profitable. But, this kind of practice will lead to big tragedy when we are expecting and making random trades.

Here by random trades, I am referring all the traits which are not covered by the strategy we are following.

[davinchi]

People are not afraid of losing and that is the scariest thing to me. You should be afraid of losing, you should not get into a trading with "I am going to make so much money!!" type of mindset, you should go into it with "what if I end up losing a lot of money?" mindset. That would allow you to be protected against horrible loss and you would always be careful.

People who get into trades with making a profit guaranteed in their minds will end up losing money most of the time because they don't know what they are doing, however people who are scared of losing money will make a lot more profit because they do not get into all trades, they are afraid of them, they only get into a trade only when they feel comfortable and certain about it. Which is why I believe people who are afraid will make more money.

[Lanatsa]

People are not afraid of losing and that is the scariest thing to me. You should be afraid of losing, you should not get into a trading with "I am going to make so much money!!" type of mindset, you should go into it with "what if I end up losing a lot of money?" mindset. That would allow you to be protected against horrible loss and you would always be careful.

People who get into trades with making a profit guaranteed in their minds will end up losing money most of the time because they don't know what they are doing, however people who are scared of losing money will make a lot more profit because they do not get into all trades, they are afraid of them, they only get into a trade only when they feel comfortable and certain about it. Which is why I believe people who are afraid will make more money.

True but there would be just sufficient level of being afraid because too much wont really give out good outcomes too where it can result that you would miss up good opportunities just because you are
afraid to risk on thinking of that you would lose your money.

But this is way more better rather than having that winning mindset most of the time.Mistakes are unavoidable the thing here is that you do need to learn from it and adding it up to your experience
so that in next time you do make trades you are gradually increasing up your awareness and knowledge.

Polishing up skills and knowledge would take a matter of time.

[whyrqa]

It depends, the first question is did you actually made a mistake? I ask this because many see losing a trade as a mistake but I disagree, no one can win every single trade, if you took the time to watch the market and analyze it and your strategy told you to get in the market and you lost, that is not a mistake, that is just paying the price of trading the markets

That must be a right point; no trader could win on every trade they do make and all the failures while trading should not be considered as mistake but may be accounted as lack of knowledge on technical analysis. I mean when your sound in technical analysis then the chances for making mistakes in trading will be very less. Only the traders who are not experienced in making good signal out of their technical analysis must be facing frequent losses and may consider them as mistakes.

Indisputably frequent losses and failures are the consequences of either limited knowledge or little experience in cryptocurrency trading. But it seems to me that it is not always possible to make such an accurate technical analysis as to constantly have 100% accuracy of the forecast in relation to a particular coin. Even the most professional analysts can make a forecast with an accuracy of no more than 75%. Therefore, it seems to me that it is impossible to always be in the black.

[harizen]

People are not afraid of losing and that is the scariest thing to me. You should be afraid of losing, you should not get into a trading with "I am going to make so much money!!" type of mindset, you should go into it with "what if I end up losing a lot of money?" mindset. That would allow you to be protected against horrible loss and you would always be careful.

I disagree on that approach. Putting that "afraid of losing" in our mindset will just make things worst. Not good recommendations or advice for those newbies who wants to enter the world of trading. It neither won't protect you against horrible losses.

Having a "winning mindset" is different from having a "quick-profit mindset". Having a winning mindset will make traders do anything to minimizes losses as much as possible. You should face the risks and do anything to make your trades always win.

You won't be able to make a good strategy if on your mind, you are afraid to deal with "what if".

[Salauddin1994]

Trading Education is the best to point we know that less skilled people in trading are always trying to make more profit because they want to know how to make more profit with less service. But if you have ever made a mistake while learning to trade would be wise to try to resolve it. Since we usually make a lot of mistakes a lot of the time, we need to master trading well.

[Golftech]

Trading Education is the best to point we know that less skilled people in trading are always trying to make more profit because they want to know how to make more profit with less service. But if you have ever made a mistake while learning to trade would be wise to try to resolve it. Since we usually make a lot of mistakes a lot of the time, we need to master trading well.

Adjust and keep trying to make it much better, all traders needs to understand that there's always changing pace that needs to work with, it's not that easy to always win your positions, there's bad days that you need to reassess your mistakes.

Especially with so much volatilities, you need to make sure that you are open with any adjustment. Mistakes is not uncommon though you can avoid
if you plan according to how you understand your investment. You can adopt and turned things into your favor if you know how to adjust.

[Savemore]

There are a lot of traders who are usually making the same mistakes over and over again. And the main reason why they keep doing it is because they do not journal their past trades. We should be aware on how journalizing can help us to make better trader. Journalizing our trades can improve our skill and also to find out the mistakes that we keep doing over and over again. Mistakes are normal in trading, what is not normal is if we will keep making the same mistakes when we executing our trades.

[MCobian]

Everyone has made mistakes when trading, and so have I who have made mistakes several times when trading. Fortunately, I was able
to realize and overcome the mistakes I had made, in the end it could generate substantial profits. The mistake that I often do is not have
patience, several times I sell coins too fast. Then I overcome with more patient ways to wait for movement in the market, I will not sell
coins before reaching the target sell.

[coinfinger]

Adjust and keep trying to make it much better, all traders needs to understand that there's always changing pace that needs to work with, it's not that easy to always win your positions, there's bad days that you need to reassess your mistakes.

Especially with so much volatilities, you need to make sure that you are open with any adjustment. Mistakes is not uncommon though you can avoid
if you plan according to how you understand your investment. You can adopt and turned things into your favor if you know how to adjust.

Yes, traders must need to do two important things here in order to handle their mistakes in trading in more effective way.

The first one must be, they need to ease their feeling against losses so that they will not get broken emotionally. It means you must need to accept your losses like how you are facing profits; there should not be any big differences facing between these two.

The second one must be, try to understand what went wrong to cause that mistake. It means you must need to understand the root cause of your mistake so that you will never repeat them. This way you can avoid your future mistakes this will help you maximize your profits chances compared to the losing moments.

[carlfebz2]

Everyone has made mistakes when trading, and so have I who have made mistakes several times when trading. Fortunately, I was able
to realize and overcome the mistakes I had made, in the end it could generate substantial profits. The mistake that I often do is not have
patience, several times I sell coins too fast. Then I overcome with more patient ways to wait for movement in the market, I will not sell
coins before reaching the target sell.

We cant get rid of mistakes but at least we do able to lessen it up as we do gain experience and learn up something on the process yet we do realize on what are the things should really be done

on a particular situation and since we are just starting up or just new then we arent aware on how it do moves but when we do gain experience then thats the time we do know on how to deal with it.

Mistakes should really be overcome and try to improve as best as you can if you do want to succeed here on crypto trading.

[FanEagle]

no trader could win on every trade they do make and all the failures while trading should not be considered as mistake but may be accounted as lack of knowledge on technical analysis. I mean when your sound in technical analysis then the chances for making mistakes in trading will be very less. Only the traders who are not experienced in making good signal out of their technical analysis must be facing frequent losses and may consider them as mistakes.

Indisputably frequent losses and failures are the consequences of either limited knowledge or little experience in cryptocurrency trading. But it seems to me that it is not always possible to make such an accurate technical analysis as to constantly have 100% accuracy of the forecast in relation to a particular coin. Even the most professional analysts can make a forecast with an accuracy of no more than 75%. Therefore, it seems to me that it is impossible to always be in the black.

Yes, fail, fail again, fail better, fail until you succeed. you only need to succeed on the last try. And many more sayings like these. The main topic of this is if you are trading and making mistakes, that's fine, if you are making mistakes and not learning anything from it that is a mistake, if you traded and failed and gave up, that is the worst in all of them. You have to realize that you have a power to turn things around and make yourself richer by actually learning how to trade instead of quitting, but of course you need to study your own mistakes very well to avoid doing it again.

It is actually a great advantage to be able to fail early on, because if you fail early on you know that you are learning at the low levels and you will get better when it matters, instead of profiting a ton of money early on but not learning anything so lose them all in the end when you fail for the first time.

[rathaha10]

Learning from ones mistakes is a sure way to improve ones trading skill, i believe everyone has had to do with making mistakes a point in time in their trading adventure, even the expert traders in the market today because it is part of trading journey which can only be avoided by learning from it's past happenings and improving trading skills constantly

[semobo]

Everyone has made mistakes when trading, and so have I who have made mistakes several times when trading. Fortunately, I was able
to realize and overcome the mistakes I had made, in the end it could generate substantial profits. The mistake that I often do is not have
patience, several times I sell coins too fast. Then I overcome with more patient ways to wait for movement in the market, I will not sell
coins before reaching the target sell.

We cant get rid of mistakes but at least we do able to lessen it up as we do gain experience and learn up something on the process yet we do realize on what are the things should really be done

on a particular situation and since we are just starting up or just new then we arent aware on how it do moves but when we do gain experience then thats the time we do know on how to deal with it.

Mistakes should really be overcome and try to improve as best as you can if you do want to succeed here on crypto trading.

Learning from our mistakes will be really effective on increase our skills so we should have to analyse trade after trades, just regretting will not help at any point.So we should keep tracking our all the trades on a spreadsheet or with tools available for it, so we can be able to find total profits from time to time.

Most exchanges have options to track our trades and also we can export out data in CSV file format so make sure we use all the things effective.

[olamidey]

I disagree with your first point because in trading, if you make a mistake and loss, making that same mistake again might be exactly what you need to scale. It all comes down to you following your guts. The only mistake you can make as a trader is to trade with little information about what trading entails.

This brings us to your third point, a trader without trading education will give up trading eventually after losing continually. So, for every newbie, or amateur; the first step should be to get proper trading education, take calculated risks, and then follow your guts.

[el kaka22]

Desire should lead to more studying shouldn't it? I mean if you really want to make more money with trading you should study it and learn about it, that part is definitely true, but if you really desire to be great at something and have fun with it, you probably would have some desire to study it as well. I do not think people just focus on the money making side and not focus on the studying part. I personally love few things in my life, but I do not just focus the doing the deed part of them, I also study them a lot as well.

For example I love politics, but I do not just check out current things or participate anyway I can, I also study the previous politicians and even read books about them starting all the way from plato to this day, which is why I think if you really desire something, you would probably study it as well.

[CHENIEN]

It defends upon the standing of life.Since the pressure is in due to the mortality of pandemic many people is being lack of confidence to continue in trading ,take advantage is booming around into the crypto market which is actually the effects of panic movement.But finally those kinds of mistaken has been giving us a power and technically to survive.

[Kelvinid]

You can surely feel pressure in trading that makes you even struggle in decision making and the most reason of having mistakes. Could we have a way to minimize this thing? It certainly there is and that also depends on your adjustment and on how you control your emotions. There is no perfect way in trading, usually, all traders had suffered such thing but that is not a reason to quit nor to think that we are not meant for this (unless we never changed). Or unless if you are like this https://bitcointalk.org/index.php?topic=5255174.msg54608410#msg54608410

How does trading works for you if you just keep making mistakes rather than to correct it. It is all about you approach trading and on how you manage the risk.

[jostorres]

You can surely feel pressure in trading that makes you even struggle in decision making and the most reason of having mistakes. Could we have a way to minimize this thing? It certainly there is and that also depends on your adjustment and on how you control your emotions. There is no perfect way in trading, usually, all traders had suffered such thing but that is not a reason to quit nor to think that we are not meant for this (unless we never changed). Or unless if you are like this https://bitcointalk.org/index.php?topic=5255174.msg54608410#msg54608410

How does trading works for you if you just keep making mistakes rather than to correct it. It is all about you approach trading and on how you manage the risk.

Yes and makes me wonder why gambling is so addictive for people while trading is not because in gambling you loose money and that makes you chase loss while in trading when you loose you feel hopeless and pressured.

Maybe the reason is that trading has no fun since you have to read the market be alert of news and make decisions based on that which sometimes feel like so boring and frustrating while gambling is just using no brain and hence feel stress free.

Just remember one thing: When you trade and make any orders you are investing money into the asset but at the same time you are also investing on your mind as you learn something new every time and become a step smarter from last one.

[justdimin]

Learn from your mistake- Use it to step forward and don't stack to it.

I would say learn from others mistakes and that saves time and loss, for example a new trader can learn how to avoid panic selling by looking at others and how they suffered.

Focus on your mistakes- If you're worried about your mistakes,what will you do to avoid it?Focus on what you've done and you'll be taking a productive action.

If you know your mistakes in advance why would you even make them? So mistakes can only be worked upon after you have committed them and so I don't think there is a realistic way of avoiding mistakes unless you see someone else do it or you yourself do it.

The points you mentioned confuse me a little but I have a simple answer for the thread's title

"How to Overcome and Handle Your Mistakes in Trading?" I have a 3 step solution for that

1- Don't make the same mistake again, someone who does the same action and expects different outcome is anything but not a trader.

2- Avoid copying others and distance yourself from copy trading.

3- Implement what you learnt yesterday and do this vigorously until you make a habit of it.

[Savemore]

Learn from your mistake- Use it to step forward and don't stack to it.

I would say learn from others mistakes and that saves time and loss, for example a new trader can learn how to avoid panic selling by looking at others and how they suffered.

Focus on your mistakes- If you're worried about your mistakes,what will you do to avoid it?Focus on what you've done and you'll be taking a productive action.

If you know your mistakes in advance why would you even make them? So mistakes can only be worked upon after you have committed them and so I don't think there is a realistic way of avoiding mistakes unless you see someone else do it or you yourself do it.

The points you mentioned confuse me a little but I have a simple answer for the thread's title

"How to Overcome and Handle Your Mistakes in Trading?" I have a 3 step solution for that

1- Don't make the same mistake again, someone who does the same action and expects different outcome is anything but not a trader.

2- Avoid copying others and distance yourself from copy trading.

3- Implement what you learnt yesterday and do this vigorously until you make a habit of it.

I like what you said, there are a lot of people who are losing in trading because they are making mistakes again and again which caused them to have anxiety where they are making more bad decisions. If we want to avoid the same mistakes that we are doing over and over again, be sure that we journalizing all of our trades. What do I mean by journalizing? it is simply means recording all of your trades in order for you to have an idea what will you do in the near future whenever there is a familiar setup that will form

[nelson4lov]

These mistakes in the OP are so common that you could easily noticed them in new/beginning traders. The first mistake they make is setting their expectations and goals so high –

I will make $1M in 6 months from my $1K capital

While it's possible to make money with crypto trading , it's important to know that a lot goes into being successful at trading. You don't just throw up some dollars and expect 1000x returns. In a market, there's always people at the both ends – losing and winning. The goal should be getting on the winning side, the right way. No:

1. Usage of copytrading platform (You don't learn since you only copy)
2. Trading based only on trading signals.
3. Chasing pumps
4. Fomo into trades – because a coin is up 70% in 24hrs doesn't mean you should get on the trend. It's better to catch trends early and riding it out.

[jrrsparkles]

Before looking for profits, everyone should have strategies to minimize there losses. Most of the traders never use features like stop loss which can save them from huge loss if the market get hits hard dump.Once we are good at minimizing the losses the total overall profits made from all the trades will end up in net profits which is the key of trader's life to be successful.

[Salauddin1994]

The wise thing to do in order to be successful in trading is to start with a small amount of capital. If the market goes down the loss will be less. There are many traders who invest more capital in greed to make more profit later in case they lose everything and cannot survive in the market for long. Therefore, to correct your mistake you should try to analyze the trading course or trading charts. You can understand the difference between the signals through trading charts.

[bitgolden]

^ I would say taking a note. Because if you take note of your trading, you would have a notebook filled with all of your trades, where did you get in, where did you get out, which coin, at what time, how was the situation like, why did you get in, why did you get out.

Basically, if you write all of this down for each trade, you would have a huge spreadsheet of your trades that tells you your wrongs and rights. This is exactly the way to see when you do a mistake, what was going through your mind when you bought it, this means you will learn from it and not do it again. Or works vice versa as well, you would see what has worked for you so far and you would say "hmm I have done this before, I should try to do it again" and chase that profit once again. It has always helped me out a lot.

[South Park]

People are not afraid of losing and that is the scariest thing to me. You should be afraid of losing, you should not get into a trading with "I am going to make so much money!!" type of mindset, you should go into it with "what if I end up losing a lot of money?" mindset. That would allow you to be protected against horrible loss and you would always be careful.

People who get into trades with making a profit guaranteed in their minds will end up losing money most of the time because they don't know what they are doing, however people who are scared of losing money will make a lot more profit because they do not get into all trades, they are afraid of them, they only get into a trade only when they feel comfortable and certain about it. Which is why I believe people who are afraid will make more money.

Those that succeed at trading are the ones that take a defensive approach to it, many people began their trading career thinking about all the profits they can make and they lose all their money in less than a year, in my opinion someone that is able to trade the markets for months and only lose a small amount of his capital has way better chances of eventually becoming a good trader since it is obvious this person should have learned the correct usage of different tactics like money management and stop loss orders, after that the only thing such a person needs to do is to wait for the market to go up significantly and get some easy profits.

[Savemore]

People are not afraid of losing and that is the scariest thing to me. You should be afraid of losing, you should not get into a trading with "I am going to make so much money!!" type of mindset, you should go into it with "what if I end up losing a lot of money?" mindset. That would allow you to be protected against horrible loss and you would always be careful.

People who get into trades with making a profit guaranteed in their minds will end up losing money most of the time because they don't know what they are doing, however people who are scared of losing money will make a lot more profit because they do not get into all trades, they are afraid of them, they only get into a trade only when they feel comfortable and certain about it. Which is why I believe people who are afraid will make more money.

Those that succeed at trading are the ones that take a defensive approach to it, many people began their trading career thinking about all the profits they can make and they lose all their money in less than a year, in my opinion someone that is able to trade the markets for months and only lose a small amount of his capital has way better chances of eventually becoming a good trader since it is obvious this person should have learned the correct usage of different tactics like money management and stop loss orders, after that the only thing such a person needs to do is to wait for the market to go up significantly and get some easy profits.

A good trader have a mindset like this "I trade to win and not to avoid losses". There are traders who doesn't want to lose and that is why they are not also winning. We should accept that losses are inevitable and it is part of the process of success. If we avoid to not lose, we will not learn because there are a lot of lessons that we can get if we lose in trading. I do not say that it is better to lose, I just want to clarify that losses is also a good thing for us.

[tbterryboy]

A good trader have a mindset like this "I trade to win and not to avoid losses". There are traders who doesn't want to lose and that is why they are not also winning. We should accept that losses are inevitable and it is part of the process of success.

Yes, accepting losses must be one of the effective way to handle your mistakes in trading. Because, you are not wasting your time by worrying on your mistakes but you are finding opportunity to learn something out of your mistakes that will definitely help you to grow in your trading at least in skills wise. Whenever you are developing your skills required for your trading then definitely you will start minimizing the number of occurrence of mistakes.

If we avoid to not lose, we will not learn because there are a lot of lessons that we can get if we lose in trading. I do not say that it is better to lose, I just want to clarify that losses is also a good thing for us.

I agree. We should not be afraid about losing; because only when we are taking the risk to trade regardless of profits or losses, we can learn something which will be definitely helping in some other occasion where market will be more wild in terms of fluctuations. Yes, all the traders who are more focused on not to lose may not learn new techniques of trading. They will trade as per their usual formula which may not help all the times.

[lixer]

I believe there are some periods in trading where you have to make a loss, not just because it is good for you, but because it is trading and there is no world where you just make a profit 100% of the time without ever losing, even the greatest traders in history has made some losses in their time, so that means everyone has to lose one way or another.

Look Warren Buffet bought berkshire hathaway and that company lost, and by god lost so much that he had to buy it all out and that company is now his investment company instead, he owned up to his own mistake and made everyone who lost money on that company whole again (and by a huge margin). So, just realize that you will eventually make a mistake, or already did, that is just how the life works and that is why trading is not a sure fire thing.

[divina marine]

Risk management is the way to handle your mistakes. Overall, plan your trades. Planning is crucial on which execution is based. Thus effective planning can work for yo to handle mistakes.

[darewaller]

I think most of these mistakes can be avoided if you take your time to learn from other people’s experience. Come to think of it, no matter the experience you have in trading cryptocurrency, someone else must have had that same experience, so it’s really important that you take your time and learn from those people that have been here before you and with their experience you can learn and avoid those mistakes they have made.

You don’t have to wait until you make the same mistake before you take correction. If you fail to correct yourself from not repeating same mistakes again and again then you may not be a suitable person to continue in trading. This is something like a bitter fact but we need to realize this and must move on so that we could save our capital from future losses.

[South Park]

People are not afraid of losing and that is the scariest thing to me. You should be afraid of losing, you should not get into a trading with "I am going to make so much money!!" type of mindset, you should go into it with "what if I end up losing a lot of money?" mindset. That would allow you to be protected against horrible loss and you would always be careful.

People who get into trades with making a profit guaranteed in their minds will end up losing money most of the time because they don't know what they are doing, however people who are scared of losing money will make a lot more profit because they do not get into all trades, they are afraid of them, they only get into a trade only when they feel comfortable and certain about it. Which is why I believe people who are afraid will make more money.

Those that succeed at trading are the ones that take a defensive approach to it, many people began their trading career thinking about all the profits they can make and they lose all their money in less than a year, in my opinion someone that is able to trade the markets for months and only lose a small amount of his capital has way better chances of eventually becoming a good trader since it is obvious this person should have learned the correct usage of different tactics like money management and stop loss orders, after that the only thing such a person needs to do is to wait for the market to go up significantly and get some easy profits.

A good trader have a mindset like this "I trade to win and not to avoid losses". There are traders who doesn't want to lose and that is why they are not also winning. We should accept that losses are inevitable and it is part of the process of success. If we avoid to not lose, we will not learn because there are a lot of lessons that we can get if we lose in trading. I do not say that it is better to lose, I just want to clarify that losses is also a good thing for us.

Losses are inevitable and even exceptional traders will lose from time to time but that is not my point, my point is that people are too reckless when they trade because they are only thinking about winning and they do not think at all about the possibility of losing, if instead you accept this possibility and you are able to limit your losses to reasonable amounts then it is just a matter of time until the market circumstances change and now you have the opportunity to make money in the markets.

[chip1994]

Mistakes is inevitable and impossible to avoid but you can use it as motivation to manage it properly especially in investing and doing trade. Most of us specially a newbie sometimes do a mistakes in the beginning and later on they are going to quit because they can't handle it properly.
How to overcome and handle your mistakes?

Trading Education- If you learn a basic of trading and develop a reliable trader skills,you will not afraid of having mistakes,instead it will be a lesson
                                    for you to improve and to develop another trading strategy to earn profit and avoid loses.
In trading or investing,you should have an ability to convert your mistakes into learning and development in order to become a successful trader and investor in crypto space.

Before trading, I had 3 big courses to learn about important indicators and the highest probability of winning. I have learned and understood it well but when I practice it is not like that. When the opportunity came, I hesitated again and when the opportunity was gone I regretted it. It seems that knowledge will not help us too much unless we have prepared a losing mentality. I always fear when opening an order, how do I fix it now?

[Renampun]

...

I like what you write, very true...
maybe you have read that trading without preparation such as skill and mental is just like playing gambling. before actually trading it is better to read a book, join training first and start trading with small capital, this will shape your mentality and is very important so that the decision you will make is right on target.

[Mumbeeptind1963]

I think most of these mistakes can be avoided if you take your time to learn from other people’s experience. Come to think of it, no matter the experience you have in trading cryptocurrency, someone else must have had that same experience, so it’s really important that you take your time and learn from those people that have been here before you and with their experience you can learn and avoid those mistakes they have made.

You don’t have to wait until you make the same mistake before you take correction. If you fail to correct yourself from not repeating same mistakes again and again then you may not be a suitable person to continue in trading. This is something like a bitter fact but we need to realize this and must move on so that we could save our capital from future losses.

If we continue to think that we had done that mistake and we can never go on for that? Honestly, it will ruin everything. We need to keep in mind that mistakes are good teacher, in trading it is normal to be lose. Not all the time we can get a  profit or a higher profit. Sometimes we will miss our chance as well.

[BuNga_cute]

It's not easy to overcome and handle our mistakes in trading, the most important thing we must have strong intentions and desires first.
After that, do the 4 tips that have been mentioned in the opening post, which are learning from mistakes, focusing on the mistakes we
have made, risk management and trading education. Then don't ever give up in trading, even though we can't overcome and handle our
mistakes.Stay patient and keep trying, because in order to succeed everyone has a different processing time. Some are fast, but some
are slow.

[Savemore]

It's not easy to overcome and handle our mistakes in trading, the most important thing we must have strong intentions and desires first.
After that, do the 4 tips that have been mentioned in the opening post, which are learning from mistakes, focusing on the mistakes we
have made, risk management and trading education. Then don't ever give up in trading, even though we can't overcome and handle our
mistakes.Stay patient and keep trying, because in order to succeed everyone has a different processing time. Some are fast, but some
are slow.

Desires are important, whenever we feel trading is not for us where we keep making mistakes; I want you to remember why are you trading after all? Mistakes are part of the process so we should not be discouraged after all, we should accept mistakes because it is a way for us to become more better trader that we can be. We can succeed as long as we love what we are doing and we are not afraid to make mistakes.

[Insanerman]

Mistakes is inevitable and impossible to avoid but you can use it as motivation to manage it properly especially in investing and doing trade. Most of us specially a newbie sometimes do a mistakes in the beginning and later on they are going to quit because they can't handle it properly.
How to overcome and handle your mistakes?
Trading is not an easy money making job without any fear of losing and wrong trading.
Learn from your mistake- Use it to step forward and don't stack to it.
Focus on your mistakes- If you're worried about your mistakes,what will you do to avoid it?Focus on what you've done and you'll be taking a
                                    productive action.
Risk Management- A trader must be a risk taker and with positive mindset.But a trader might be so highly focused on making profit and they don't
                                    realize that they might lose also. Always accept your loses and learn to avoid it next time.
Trading Education- If you learn a basic of trading and develop a reliable trader skills,you will not afraid of having mistakes,instead it will be a lesson
                                    for you to improve and to develop another trading strategy to earn profit and avoid loses.
In trading or investing,you should have an ability to convert your mistakes into learning and development in order to become a successful trader and investor in crypto space.

Additional(EDIT): Those who have experience on how you become successful in trading after some mistakes ,kindly tell your story here so that those who can read will be encourage and learn from different experience and could gain knowledge that they can be use also or apply on their life as a trader.Thankyou

For me the before you proceed on trading specific coins, you must first have to know if that is worth risking for, balance the risk and the profit. If the risk is so high, while ending profit is very low, then do not continue on that trade. Move on to that and look for some pairs to trade for. Also most of those beginners on trading do have a lot if trust on most of coins. And they didn't realize that most those coins are shitcoins. It will just have a very low volume in the near future then you'll find it hard to sold those coins that you bought. It is a big loss.
Choose the right coins to trade do not just pick any coin, atleast study first it's history and how it is doing in the present time.

[spike420211]

It defends upon the standing of life.Since the pressure is in due to the mortality of pandemic many people is being lack of confidence to continue in trading ,take advantage is booming around into the crypto market which is actually the effects of panic movement.But finally those kinds of mistaken has been giving us a power and technically to survive.

I did not understand anything from what you wrote.

People who are lacking funds should take advantage of what is happening on the cryptocurrency markets, which now look extremely unpredictable, what would they profit from?
I remember people who sold their homes several years ago, got into debt and bought bitcoin, which soon collapsed.

In dealing with mistakes, the only important thing is to quickly get out of negative thinking. Until you have done this, you may not see ways out of the situation and what you should do next.

[jostorres]

There are risks in trading and that we can correct the mistakes as long as we will move forward avoiding the risks.

The risk and mistakes are interlinked but you need to work on both of them even you will be having more experience in trading. I'm saying this because even professional traders are known for committing mistakes sometimes but they will not let their capital suffering by huge losses. It means they will have only small losses and they will overcome that by very next trade itself. Whenever you are following technical analysis then you can easily avoid mistakes because technical analysis will help you handling risks in more effective way.

In dealing with mistakes, the only important thing is to quickly get out of negative thinking. Until you have done this, you may not see ways out of the situation and what you should do next.

Yes, you must come out of a losing situation which is caused by a mistake but you should go for analyzing what went wrong which made that mistake. Because, that will definitely help you to find out where was the actual problem so that you will not repeat the same mistake.

[KnightElite]

All of us do not want to fail for sure but failure and mistakes are inevitable, many traders and investors are becoming helpless whenever they fail or whenever they did a mistake and for me it is wrong move because it distorts your perception of your abilities. In order  for us to handle and overcome the mistakes in trading the first thing that we should do is to understand our self, we should know why we did such a mistakes. The next is to do action with determination, the mistakes will only repeat again if there is no action that we will do. Then the last is we should have strong belief in our inner self that you can do it. If you will think negative, for sure you will reap negative. If we think that we will become successful then it is good because success is something that we attract.

[akram143]

All of us do not want to fail for sure but failure and mistakes are inevitable, many traders and investors are becoming helpless whenever they fail or whenever they did a mistake and for me it is wrong move because it distorts your perception of your abilities. In order  for us to handle and overcome the mistakes in trading the first thing that we should do is to understand our self, we should know why we did such a mistakes. The next is to do action with determination, the mistakes will only repeat again if there is no action that we will do. Then the last is we should have strong belief in our inner self that you can do it. If you will think negative, for sure you will reap negative. If we think that we will become successful then it is good because success is something that we attract.

They can feel okay when they losses in trading if they are keep trading inside their limit, the things will change only if we are trading with the amount which is not affordable for us.Yes we need to analyze the mistakes in our trades and try to change what went wrong it it or the things keep happening again.

[lienfaye]

Mistkes is all people do that even they did not want because they have times that we don't know wihat will happen.
But the importnat of every mistakes is we should learned from it and we better and now once we encountered again we can avoid it .
Don' t afraid to have mistake if you are beginner because it is a step of learning be farid if you do a lot of mistake even you are old trader.

Indeed its quite normal to commit mistakes but the important thing is the lesson we learn from it.

Improve your knowledge, never stop learning even you're an experience trader already. Because it can help us to be successful here because trading is not as easy as it seems.

[Rebisco]

Education and experience are important and this is should be our priority when we do trading. Mistakes are normal because there is no trader who can fully predict what will happen to the price that he/she trading. Handling mistakes are sometimes hard for other people because they keep doing the same mistakes over and over again. For those traders out there, you can easily overcome it by accepting it as a lesson and learn from it. If you will ignorr your mistakes, for sure you will do it over and over again.

[Andronadar]

Mistakes are not nice, but they make us stronger

[gabbie2010]

Mistkes is all people do that even they did not want because they have times that we don't know wihat will happen.
But the importnat of every mistakes is we should learned from it and we better and now once we encountered again we can avoid it .
Don' t afraid to have mistake if you are beginner because it is a step of learning be farid if you do a lot of mistake even you are old trader.

Indeed its quite normal to commit mistakes but the important thing is the lesson we learn from it.

Improve your knowledge, never stop learning even you're an experience trader already. Because it can help us to be successful here because trading is not as easy as it seems.

Personally I do make some mistake in the course trading however I always recheck my chart to identify the reasons for the mistake and make possible amendment to prevent future mistake ie I always learn from mistake the important point here is I never trade with the amount of money I can afford to lose thus in event of any mistake I will only lose small percentage of my portfolio but always avoiding repeating that same mistake.

[el kaka22]

Education and experience are important and this is should be our priority when we do trading. Mistakes are normal because there is no trader who can fully predict what will happen to the price that he/she trading. Handling mistakes are sometimes hard for other people because they keep doing the same mistakes over and over again. For those traders out there, you can easily overcome it by accepting it as a lesson and learn from it. If you will ignorr your mistakes, for sure you will do it over and over again.

Education is important but without actually trading you can never learn what you should be doing and that means you could get in as a newbie and burn out very quickly and leave. I have seen a topic of someone here asking if 100 bucks is enough to start trading and he said he put in a lot of money before and he lost and he wanted to get in back again and asking if 100 dollars would be fine.

There was multiple wrong things there, for example if he lost, why did he lost? He should focus on that to begin with, and if he wants to get back, how does he wants to get back? What does he trying to achieve? If you think trading is something you can get in with 100 bucks and become rich, you are very wrong. Those type of things only learned by trading a lot and learning what trading really is.

[Pamadar]

In my own experience in order to overcome my incorrect decisions in trading or in other things that I am doing, I am determining why did I make a mistake so I can create a countermeasure to it.

Reassess is very important to learn how to properly handled those mistake that take place, if ever you'll encounter it back it will be much easier to
determine and you'll be able to choose the right decision to take. Being keen to understand well and ready to adjust  wll keep you
to move forward from this business.

So the next time I trade I will be very careful so same mistake will not be committed again.

That's the results of doing your assessment, you will lessen the chance of committing same mistake over and over again.

[Kong Hey Pakboy]

When it's my first time in trading, I have a huge excitement and tension inside me because I already know that I have a 50/50 chance for me to win in trading. So when the time has a come that I experience having mistakes and lost a lot of money in trading, it is challenging for me to overcome it because I always think that trading is not for me. But I still decided that not to stop trading for now and I continue to learn and improve myself in trading by watching trading videos in YouTube and asking some tips to my friends who has more experienced than me. So I learned to stand up for myself and mistakes makes us stronger.

[SacriFries11]

As you progress throughout your journey in trading you will know that you made a lot of mistakes. You can’t make improvements if you made the same mistake all over again. You must know how to minimize these risks and focus to strategies that have high potential win. Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

[rodskee]

As you progress throughout your journey in trading you will know that you made a lot of mistakes.

When you assess yourself, you'll see that mistake is really unavoidable
while you are taking this journey.
Lots of memories will pop up inside you, as you grow further with this
business.

You can’t make improvements if you made the same mistake all over again.

Yes, if you keep doing the same then trade might not be for you and you
need to reassess yourself from this business.

You must know how to minimize these risks and focus to strategies that have high potential win.

You have to focus with your winning strategy and keep enhancing and not
to lock yourself with it.
Adjustment if needed should be part of your system.

Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

That's how you need to take it, keep learning and be open with improvements.

[Janation]

As you progress throughout your journey in trading you will know that you made a lot of mistakes. You can’t make improvements if you made the same mistake all over again. You must know how to minimize these risks and focus to strategies that have high potential win. Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

That is just right.

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

[tbterryboy]

In my own experience in order to overcome my incorrect decisions in trading or in other things that I am doing, I am determining why did I make a mistake so I can create a countermeasure to it. So the next time I trade I will be very careful so same mistake will not be committed again.

That's how it should be done by everyone basically because learning from mistakes is the core secret to success and actually the best traders try and turn their mistakes into profits next time. I will give an example to make it more clear, suppose when a dump happens you panicked and sell your bitcoins so a smart trader would just learn and not sell next time but an experienced and successful trade would also take advantage next time by buying at the dip next time.

These are small things we all experience in trading and the one who learns how to use this information in the best possible manner becomes successful at trading.

[spike420211]

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

If you treat mistakes as obstacles that you need to overcome - you will develop and treat such obstacles as challenges, and not as problems, this is the key to success.
Many are simply not able to cope with obstacles on a regular basis, we always try to stay in our comfort zone and reduce the influence of any external stimuli on us as much as possible.

In any case, this is a skill, and any skill can be developed by any person, the only question is the time spent and desire.

[azmirihaque]

Trading experience is very much important for overcoming mistakes. Trading experience can be gained from two ways. The first is to follow, study and  learn from experience traders. Study the mistakes of the traders and learn how they manage it. The second is to learn from your own mistakes. It is the best experience for trading. When you will face loss, you will automatically know why you have faced lose and what should do in the future to overcome it. 

[KrisAlex18]

Having mistakes and experiencing failures are the sometimes the best way on how you can be able to learn things out. The same principle I always use whenever I trade. The experience I got from the trading I have has always been my motivation to improve myself up and such mistakes are failure are treated to be a positive one which is simply transforming negative thoughts into something positive or most likely doing it optimistically.

Mistakes for me in trading is just a normal scenario for there is no perfect trading since we are working in a volatile market. What I just do to overcome and handle it is for me to study what mistake I have done and try to make another try if things will work out after I corrected my mistake. Although it seems to be heartbreaking sometimes creating mistakes, I just treat it a ground for improvement and do betterment on my next trading. Thinking it negatively will not help in anyway so I just transform the thought into something useful which is learn from the mistake I have done and try to recreate it on a corrected manner. Educating oneself is the best key to somehow lessen the chance of creating mistakes on doing trades.

[Mahanton]

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

If you treat mistakes as obstacles that you need to overcome - you will develop and treat such obstacles as challenges, and not as problems, this is the key to success.
Many are simply not able to cope with obstacles on a regular basis, we always try to stay in our comfort zone and reduce the influence of any external stimuli on us as much as possible.

In any case, this is a skill, and any skill can be developed by any person, the only question is the time spent and desire.

People do fail on this one and majority do really easily give up without even trying to cope up or do learn from those mistakes and they do see it as a big problem and do surrender or give up on that easy.
Overcoming problems and hardship is never been simple yet it do really require extreme discipline and mindset.Sometimes people dont learn on to their mistakes when they do just ignore and completely
stop midway.For people who do persevere to learn will most likely to succeed into this industry.Trying to patch things up basing on what they do experience and gain along the way.

[pankowri]

Learn from your mistakes!

You would discover anything if you do learn up from your mistake. It would able for you to realize what are the efficient things t t would be needed in your trading career. Of course, mistakes are inevitable since no one does start from being pro that's why
it's just normal. It would just depend on how people would deal up with things and how they do discipline out themselves on what they are doing.

We should indeed acquire from our mistakes. In the onslaught, no one is accurate in anything. You have to reap perfect deliberately. It is usual to be mistaken but t is not usual to be mistaken. Subsequently an extent, conceivably the knack in trading will come, then it will not be mistaken.
In abundant cases, it is not conceivable to rectify a mistake made during trading. But we have to memorize from this mistake and be careful in the next trading.

[ice098]

As you progress throughout your journey in trading you will know that you made a lot of mistakes. You can’t make improvements if you made the same mistake all over again. You must know how to minimize these risks and focus to strategies that have high potential win. Learn every single day, some people don’t develop themselves and become lazy. It’s the main reason why people quits and easily give up.

That is just right.

As a beginner, I had a lot of mistakes that even led me to think of stopping trading and even investing but that also led me to think that it might just be an obstacle I should cross. It made me think of reading some articles that can help me and learned from my mistakes all the way through.

As what we always says about trading, it isn't as easy as what we expect, and as expected yes losing your investment, afraid of taking risk and afraid of losing will always be there. Losing is inevitable and as time as you trade by yourself you may sometimes ask yourself if is it gonna work out according to my will or im gonna lose this game. But each time you trade by your own, maybe a lot of mistakes that can be done but those mistakes of your will give you a greatest lesson that you could ever used in your further trading.

[palle11]

but they make us stronger

If we can learn and correct the mistake. Some people don't understand that they have made mistake so they will keep going through the mistaken road because they don't know it as mistake. Again too people can be stubborn not to learn from a better person because of their pride. Pride is a big downfall sign.

[Gaston Cavalier]

anybody here been trading for more than a decade?

[chikading2016]

Trading is not easy we can also loss funds on doing it and sometimes our mistakes on trading will lead us through frustration. That is why we need to be temperate and moderatien if we want to earn on trading, but we cannot avoid mistakes that is why we need to trade an amount that we can aford to loss.

[Fatunad]

anybody here been trading for more than a decade?

For sure there are specially on stocks and forex trading where you can find people who had been done trading for a decade and still doing such stuff even upto this recent.
Why they do able to sustain? because they do make themselves profitable in the end of the day.People cant just last that long if they arent that good on what theyve been
doing.Sounds simple but this isnt for everybody. Mistakes are inevitable thats why instead on getting afraid with it then better to overcome and learn from it and on
this way you would surely make yourself as a better trader.Handling out your mistakes well and lessening up as minimal as possible will be the best way.

[goldade]

Mistakes is inevitable and impossible to avoid but you can use it as motivation to manage it properly especially in investing and doing trade. Most of us specially a newbie sometimes do a mistakes in the beginning and later on they are going to quit because they can't handle it properly.
How to overcome and handle your mistakes?
Trading is not an easy money making job without any fear of losing and wrong trading.
Learn from your mistake- Use it to step forward and don't stack to it.
Focus on your mistakes- If you're worried about your mistakes,what will you do to avoid it?Focus on what you've done and you'll be taking a
                                    productive action.
Risk Management- A trader must be a risk taker and with positive mindset.But a trader might be so highly focused on making profit and they don't
                                    realize that they might lose also. Always accept your loses and learn to avoid it next time.
Trading Education- If you learn a basic of trading and develop a reliable trader skills,you will not afraid of having mistakes,instead it will be a lesson
                                    for you to improve and to develop another trading strategy to earn profit and avoid loses.
In trading or investing,you should have an ability to convert your mistakes into learning and development in order to become a successful trader and investor in crypto space.

Additional(EDIT): Those who have experience on how you become successful in trading after some mistakes ,kindly tell your story here so that those who can read will be encourage and learn from different experience and could gain knowledge that they can be use also or apply on their life as a trader.Thankyou

You've actually answered the questions already. The ways listed above are practically the only way for one to overcome and handle mistakes.
I however do think there is a another factor one needs to consider in overcoming mistakes or handling them and that is the emotional or psychological factor.
Many people make mistakes in trading largely due to the fact that they can't control their emotions. They are moved by anxiety, fear of missing out and greed such that they make losses in their trades.
This happens especially to newbies. Once they can keep their emotions in control, they'll be able to make successful trades.

[pankaj1234]

Trading is not played on buy and sell chart. It always 24x7 go through in your mind and emotion where we intend to make mistakes. In trading you should not worry about your purchase Coin will pump or dump. After some times you will under what is trading and gain some experienced. That the way you can overcome with your mistakes.

[Dorodha]

It is wise to move forward with learning from mistakes many people leave the market when they make a mistake. We have to try to improve without giving up trade. There will be risks while trading if there is a loss I will be able to learn something new and be able to move forward. The market will not stabilize and the pump will dump so try to learn something new by following the trading charts.

[militiariko]

For me, i think the easiest way to handle mistakes in trading is ensuring you follow the due steps:

1. Identify the mistakes, identify the situation that led to the mistakes too.
2. Find a lasting solution to the mistake; even if it means re addressing and taking a chance at a new strategy.
3. Keep practicing until you find the mistakes no more.

[icekohl]

In my opinion the easiest way is to follow your trading system and strategy strictly. Then take profit and stop loss orders will work for you, making sure to minimize your mistakes as much as possible. Reading too many analytics as well as the trading system will only increase your mistakes.

[Majharul Saiif]

There is no possibility to extricate what has emerged. Realizing where mistakes have been created and overseeing the following trading. This comes across to be a useful direction to overwhelm by acquiring from reiterated mistakes and trading the future with vigilance.

[wiss19]

You can't just let all those bad feelings get to you, if your brain and your emotions ever get mixed up, that means you are going to react with emotions and feelings and you are going to lose even more money, that is not really healthy for your money at all.

What you should do is, trade, and if you lose, learn from that loss and move on like it never happened with only the knowledge of how that would never happen to you and nothing else, by the next trade you should not do the same mistake and that's it, do not look at the next trade like a trade to get revenge on the last loss you made, because if you chase that loss over and over again, you will keep seeing buying opportunities in places that doesn't exist, which would make you lose even bigger than the first loss.

[gwdf1]

Trading is not played on buy and sell chart. It always 24x7 go through in your mind and emotion where we intend to make mistakes. In trading you should not worry about your purchase Coin will pump or dump. After some times you will under what is trading and gain some experienced. That the way you can overcome with your mistakes.

True — suppose, those, who are deep in crypto trading feel it. Once you start, you cannot stop thinking about everything that is connected with the crypto world. Yes, mistakes happen, and always. However, avoiding many of them is possible — simply learn more about crypto, and do it regularly.

[Tingtong]

First I learn but it youtube or blog post. When I saw one coin buy is a mistake I don't wait for a huge profit. Every time I want to trade so sell this coin and invest another coin for overcoming losses.

[sambuddha]

In my opinion the easiest way is to follow your trading system and strategy strictly. Then take profit and stop loss orders will work for you, making sure to minimize your mistakes as much as possible. Reading too many analytics as well as the trading system will only increase your mistakes.

Yes, a good trading system is very important. But this is not enough for success. A key tool most successful traders use is a trading journal. I would recommend a google document spreadsheet. You can edit it anywhere, all the PCs on which that document is open gets updated as well

[Boov]

Trading is not played on buy and sell chart. It always 24x7 go through in your mind and emotion where we intend to make mistakes. In trading you should not worry about your purchase Coin will pump or dump. After some times you will under what is trading and gain some experienced. That the way you can overcome with your mistakes.

Committing mistakes in trading was inevitable, this mistakes were intend to happen to give us a lesson in life that would save us from much huge lose ahead. And what i get from this thread was a virtue in trading that after all the mistakes you've done get up again and move on. Let this mistakes be your weapon on your next trading venture. But as you move to next trading venture of yours be wise enough, and be extra wise on your decisions.