How to Overcome and Handle Your Mistakes in Trading?

[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.

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[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.