most amazing picture I have ever seen

[Imran232]

This is the most amazing picture I have ever seen. How beautifully elaborated all major mistakes within few words

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[Kittygalore]

What is amazing in this picture that just lists common mistakes when trading? Everyone can do that, its just that this one is a pretty good graphic illustration. Also worth mentioning that there are a lot of mistakes not listed there and most words used in the infographic is not easily understandable when it comes to an average person, especially to those who have English as their second language.

[AB de Royse777]

Two of them I do even I know that I should not do that.

- Emotional trading
- Lack of care in extreme condition


I do not have much ALTs but only very few of those I am okay to lose. So I do not care much about them. But I noticed when I feel like to sell I convince myself that this is the right time to sell. I do anything to divert my mind that yes THIS IS the right time. But when I sell in the next few hours or day the price of the coin goes even over 100%. :-D

[joniboini]

On the opposite of "not cutting loss" is cutting loss too early, and then your coin rises up to the moon in the next minutes. I think a better description would be "no proper risk management" instead, where you know at which point you should take profit, cut-loss, sell some, average down, etc.

Btw, trading too often is not necessarily a mistake, especially if you run a bot.

[logfiles]

But I noticed when I feel like to sell I convince myself that this is the right time to sell. I do anything to divert my mind that yes THIS IS the right time. But when I sell in the next few hours or day the price of the coin goes even over 100%. :-D

I think this has happened to anyone that trades often. Sometime when a coin rises by 20%, and then you stubbornly refuse to sell it expecting it to reach at least close to 100% in order to sell, the trend reverses and even the gains you would have initially made are all wiped off.

So I always tend to look at the positive side, if I sold at 20%, but then the coin goes to 80%. It doesn't matter, I still made my 20%  

[Sterbens]

Two of them I do even I know that I should not do that.

- Emotional trading
- Lack of care in extreme condition

if you only have 2 forbidden points and do it often, then how lucky you are. while here we still have all the points shown in the image above. I don't know, I remember what the initial word was from trading, market conditions will change all the theories and knowledge that I get. Most of us still have a hard time controlling the downturn in the market, for altcoins to be precise, because if for bitcoin, however much the drop, we would never worry.

[aysg76]

I would like to add some points in the list from my personal experience and suggested by many of traders

1) Diversification of your portfolio is integral part of trading because there is saying that "Don't keep all your eggs in one basket" because if one coins market crash you loose all your funds at one go.

2) Don't invest in shitcoins available in the market because they will not give you any return over your investments over time and you will incurr losses only.

[Dave1]

Nice info-graphics, and I would say it boils down to emotions. If we don't know how to control it, most likely it will incurred lost in our end. In any case though, this summary shows the crypto trading is very difficult in the beginning, and you have to go to several stages, and it might take years to really be in control in our trading activity.

[NeuroticFish]

This is the most amazing picture I have ever seen. How beautifully elaborated all major mistakes within few words

Since it's not you who has made this picture, I strongly recommend you add the source.
It looks to be from Binance, I don't know if it's the website or the twitter or whatever.

...And get used to always post the source of whatever you copy from others.

[TedMosby]

do you know the combo regarding trading according to that infographic?
being too stubborn by trading very often following analysis by other traders on social media.
this condition is based on my experience. yeah, I did that. not just in my early days in crypto, but sometimes I still do it these days.
FOMO, mostly in extremely hype things. I know it's bad, but we should follow the market right? 

-snip-

I do not have much ALTs but only very few of those I am okay to lose. So I do not care much about them. But I noticed when I feel like to sell I convince myself that this is the right time to sell. I do anything to divert my mind that yes THIS IS the right time. But when I sell in the next few hours or day the price of the coin goes even over 100%. :-D

it happened to me too. almost in 90% of my trading activity.
please let me know if you want to sell some coins in the future, so I can hold mine, like a reverse signal

[blockman]

That's an image from Binance, right? About trading too often, some traders really do it if they've decided it to be their full time job. And if they're making from it and others can't, they sure are experienced and understands the mechanics of it.
Following other traders blindly, yeah, this is a massive problem for most traders and newbies. They're buying almost everything that has been said to them by that guy without DYOR and TA.

[Rengga Jati]

Cutting lose is yeah important. However, we must know when is the right time to cut loss, or we must know at what rate we house set a certain stop loss in order to minimize the loss and then use the funds to another trading and get another profit.
Sometimes, it is also influenced by the panic condition, so, many people are cutting loss too early without any consideration.

Emotional trading is the most common mistake to have. Although it has been told that when you are entering in trading, you must have good emotional management, in fact, many people also enter trading is based on following others. So, basically, they don't have good basic emotional management.
Sometimes, panic, careless, emotional, angry, too greedy are part of them.

Since it's not you who has made this picture, I strongly recommend you add the source.
It looks to be from Binance, I don't know if it's the website or the twitter or whatever.

Yes, you are right, this picture is taken from here:
https://twitter.com/binance/status/1368109253957943303

[crzy]

I agree on everything on the list and those are the mistakes I’ve also experienced on my first months of my trading journey. Its normal for you to experience this one, just make sure that you learn along the road and you keep improving your trading skills so you can win on this market. Now, trading everyday is not that ideal so I think its time for me to analyze this one again.

[Betaj00]

I think all point is very helpful for every traders, all common mistake are showing on this Image. Don't trade without any self analyzing or knowledge. Don’t follow other traders and don't panic on trading.             

[Reid]

Not cutting losses and being stubborn are like twins. 
You became hard-headed thinking there will still be a chance for the coin you are supporting until you lose it all.

Been there before that's why I knew the feeling. But you learn from your mistakes.
Somehow it still happens until now. You just cannot let go of some things.
Maybe add the "Do not fall in love with the coin" thing.

[repear7]

Sensitive trading is my big problem.  These 7 points are common and I already face such problems in business.  When I buy a coin, Then I find more better coin for investment. This happens to me often.

[cryptoaddictchie]

Honestly these traits sometime are inevitable. We can't master all the perfect recipe for trading. Even we say that we knew the market possible motion, is unexpected arrived based on our prediction and analysis so these traits happened without us noticed it made us did it.

Trading is really a hard task if we are still on the range of learning and mastering it. Cause even professional or expert got loss huge with one of these reason.

[slaman29]

Almost as if it's a picture of what goes wrong with any kind of addiction (and trading is closely related to gambling addiction because people start believing in patterns even though most of it is randomness that we can never predict).

Know where you can go in and go out, and use what you can afford to lose:)

[Strongkored]

Not Cutting Losses, made me lose almost 80% of assets in Altcoin in 2018-2019, always thinking the price would go up again but it turned out to be down and down. This is what traders must understand if they do not want to cut losses, especially when trading in altcoin pairs, they must be prepared to lose more than 50% of assets.

I think the title of this thread is too much because the points shown in the picture have also been discussed a lot and are not new, almost all traders understand this but often ignore it same with me.

[maxreish]

While common trading mistakes are normally happening, those infographic advices should still  be read to remind us traders especially those newbies to control our emotions during the trade.
 
 And just let me add that riding the hype aren't also helping as there are many times that it was just a bait to follow the trend and be stucked on that entry because it eventually change suddenly afterwards. Cutting loss is also significant most certainly if you make a bad entry and in a verge of hitting the liquidation point.