reasons for bad trading

[lepbagong]

snipped~

When you are just new into this market then experience would be the one to teach up things and since you are just still noob on where you dont know on how things works then mistakes are really that common and you would really be believing into things which shouldnt really be believed on until you do realize

when you do experience such loss of investment or  trades just because you had followed the wrong path.Everything is unpredictable though but doesnt mean
that you cant handle it out.

Bad trades cant be avoided due to unpredictable behavior of the market but there are factors which would really be helpful towards your trading or investment career.

Losses could be normal, no one can afford to escape from this but all have to experience it, more often to happen for noobs. But why we should just stay like a noob?  No, we should have to level up our trading skills and knowledge because even though we can't avoid losses but at this level of understanding we can make it minimal but more on the winning side. Think it was a big difference compared to a normal trader like a noob.

With proper understanding you'll be able to increase the chance of your winning  trades, unlike with those newbies where they are
in the process ofexploring the market,

But you, since you already have the experienced, you'll have to adopt and keep moving forward. If you made mistake just go on
and not to lose hope there's always an open opportunities for you.

I agree, but it takes time to learn it and doesn't quickly figure out how it works. Of course experience in doing something is very important and cannot be ignored either. So as a beginner, of course it takes more time to be able to explore it properly.

with the experience that has been gained, of course, we always experience the usual things when things go wrong, but from there we continue to hone to improve, if without mistakes we will not be able to fix what we have done and explore not to do it anymore. so keep on going and don't need to despair because without it we won't know where to fix things.

[1714744413]

1714744413

[1714744413]

1714744413

[Kong Hey Pakboy]

All in all, being unable to handle our emotions has a huge impact on our decisions. In trading, we have to set a certain target and focus on it. Sometimes, we're aiming for more that it even exceeds our target goal which results in losses and regrets in the end. We have to learn how to avoid putting too much emotions in that market's volatility but instead, we should manage how to deal with it.

I think that's the gist of it, I had the same experience too although I was able to take a grip of my emotion and prevented myself making a really bad investment and financial decision that my future self might strangle my past self to death. I think that emotions are a really big part of failing in trading next to being void of knowledge and experience.

[cheezcarls]

Same thing. I didn’t do my homework and learn my lesson the hard way. I was too greedy hoping that coin or token will pump even further, but I ended up at a loss because of “too much confident” about that project. Lately, one of my tokens pumped to more than 2x after a month of waiting, and I didn’t hesitate to sell it immediately before it plunges quickly again.

The important thing for me is that I gained profit and buy back the dip rather than being too greedy.

[Yamifoud]

Same thing. I didn’t do my homework and learn my lesson the hard way. I was too greedy hoping that coin or token will pump even further, but I ended up at a loss because of “too much confident” about that project. Lately, one of my tokens pumped to more than 2x after a month of waiting, and I didn’t hesitate to sell it immediately before it plunges quickly again.

The important thing for me is that I gained profit and buy back the dip rather than being too greedy.

I have some confidence but only for some coins just like BTC and ETH. But many traders had noticed that they can get more profit from new projects compared to the old projects and that is why they have to choose them and take the risk. Sometimes they got lucky, but sometimes also get lost.
I'm not saying to aim a huge profit is a sort of greediness but that was our ambition. I feel what you feel and I think we don't have the right to complain why we lose because this what we choice, to become a trader, a risky job.

[dezoel]

Sometimes there are people who will invest their money bitcoin or any altcoins and when the price goes up Rey big they will decide to sell their coins, because they feel that the money they have gotten is enough for them and when they withdraw it they will be able to use that money to achieve something. In a situation like this I don’t think it is very bad, because it goes to show that they are not being greedy.

In a case of being greedy, when prices are going up, people won’t sell because they are looking for more gains. They don’t have any particular rate that satisfies them at all, they just want it all, they want to see the end of it all. And in a case like this, they are the ones that will keep holding until the market falls back all of a sudden and they all lose their money.

[Furious 7]

Being noob and just trading based on few people you saw on twitter is the biggest reason. In my nation (I do not know about other nations) there are people on social media that give advises on which coin to buy, most of those people share charts and indicators on what will go up or go down, where to buy and where to sell.

Some of them are really good and they make profit more often than not, if they give numbers on at what price to buy and what price to sell, 8 out of 10 times they are right, and sure those 2 loses you money but you make more profit in those 8. However what people do not know is that it is the people that cause this, they give names and those followers go ahead and buy that coin/token and increase it and that is why they are almost always right, these people get paid by projects to promote them, and the group just pumps it and thinks the influencer as smart person.

It's true that the reason for twitter has become based on what they know what to buy and where to sell it, even this kind of thing is still widely followed, only twitter is the most active, people always give an idea about the coins that will be pumped normally while include the graphics they made, sometimes noob likes to follow in their footsteps.

In essence, never depend on other people, we must be part of us about the right decisions when to buy to make money, if we only rely on TG, of course it will be used as ammunition to manipulate the future market. it will be pumped and then dumped badly because they dumped it.

[jostorres]

Same thing. I didn’t do my homework and learn my lesson the hard way. I was too greedy hoping that coin or token will pump even further, but I ended up at a loss because of “too much confident” about that project. Lately, one of my tokens pumped to more than 2x after a month of waiting, and I didn’t hesitate to sell it immediately before it plunges quickly again.

The important thing for me is that I gained profit and buy back the dip rather than being too greedy.

It would have been great had you mentioned which coin it was because I have observed the market since a while and I have failed to spot any coin that went down by half then jumped to double within a few months. Maybe you are sharing about your experience from earlier.

There are countless mistakes and reasons for bad trading but like you said, learning from the mistake is important, and even more crucial is to correct the mistake next time. It's similar to how we solve a puzzle, we find a piece and fix it, move further until we place all the pieces in the right positions.

I'm not a pro trader but I have developed such a will that I am not fazed by the market movements much and easily hold the tokens I have even when the whole market is shattered.

[CryptocurencyKing]

One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.

[LUCKMCFLY]

One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.

Yes, that is a point that very few traders touch, when asked they do not know what to answer or perhaps they continue to avoid, because they enter to win-win, they do not care about anything else, it is like an obsession they always seek to win even if it is by paying signals of crypto.
When you do not set an amount to win, the person makes castles in the air very quickly and they collapse when they begin to lose, because they enter that cycle of hoping to recover those that are lost, when entering that cycle they are likely to lose everything.

[livingfree]

One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.

That's the common mistake that many traders do.

They don't have a clear goal when they trade but we all have the same reason and it's about making a profit. But when we've got to the actual thing, that's when the difficult status happens.

Until things go wrong and you end up with bad trading because you have no clear goal and strategy.

[SystemTrader]

Thanks for the quality post. it mostly like well planning and disciple. It is hard to gain trading discipline at the same time. Requires time and experience. I think it is also good to have an understanding of behavioral finance since it will help you to understand what you are being exposed to before-during-after the trade in terms of a psychological perspective.

[livingfree]

One issue most people have about trading is the fact that, most persons enter the market without an aim or a goal. You know, you just enter the market without a particular expectation but your expecting everything. You hope to catch every move in the market, you want to take advantage of all the moves in the market to make profit. No doubt it's a style or should I say strategy in trading ed scalping but then, it still doesn't mean you have to enter the market always. You've still got to pick a period based on analysis to jump in and out. Plus, you need a trading plan that defines when it is due fir you to call it a day on either you loosing on your trades or benefiting. Trying to catch every move only means trouble to becuase, there is always a wrong move along the lines.

That's the common mistake that many traders do.

They don't have a clear goal when they trade but we all have the same reason and it's about making a profit. But when we've got to the actual thing, that's when the difficult status happens.

Until things go wrong and you end up with bad trading because you have no clear goal and strategy.

Precisely, if you don't have any clear goals and you don't plan before you enter this business, it's difficult to succeed
since the possibilities that you'll move by certain situations,

you'll have to work things out in order to balance your opportunities, think before you act, plan ahead and make sure
you trully understand what you are doing to avoid making mistakes.

Aside from plans, and if you enter without proper knowledge and technical analysis, you'll be just throwing some money on the floor.

The goal is to make money and you must be prepared in all aspects even you only know the basics and common knowledge as long as you've planned it very well.

I think that you'll be able to learn a lot even you do bad trades.

[Mistafreeze]

A lot of things can contribute to bad trades especially when the trader is not fully equipped with the necessary information that could earn a good trade. Trading shouldn't be a means to avoid being poor but a lifetime career. Trading with the wrong motive can cause a lot of problems to the entire trading system that is used in analysing the market.

Having a good strategy can help one to earn a good profit but it can compromised if the wrong psychology is exhibited. If one has a winning mindset when executing a trade, it will contribute to one's success if the analysis used before taking the trade is pretty g good.

[Xhong54]

The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades

[Lanatsa]

The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades

Aside from greed then most of people do lack patience, they don't like to wait but rather making steps that do directly make them believe that they can make big bucks.

Most of us do really experience this situation when we are still noob but once we do get ample experience in the market on how it works and whats the reality then you would really

able to realize and act according to that and those anticipations would be ignored and would stick out into much realistic goals or aims.

[kawetsriyanto]

...

I do agree with some people's arguments or opinions that it is part of greediness and panic.
It drives us to think that we need to sell it a little bit higher again and again, and when the price hits the target, we continue again, to lengthen the target, and unfortunately the price drop.
And it drops down already, we are panic and they sell it.

The part of panic selling is also happening right now. People become panic when the price rise up and drop down so easily.

[awik p]

The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades

Aside from greed then most of people do lack patience, they don't like to wait but rather making steps that do directly make them believe that they can make big bucks.

Most of us do really experience this situation when we are still noob but once we do get ample experience in the market on how it works and whats the reality then you would really

able to realize and act according to that and those anticipations would be ignored and would stick out into much realistic goals or aims.

psychology seems difficult to control, and the one who can control it is ourselves. By increasing our trading experience, we will gradually experience a more mature psychological improvement. Besides, for beginners, I think they need assistance from friends who are experienced in trading, so they can guide according to their experience

[isaac_clarke22]

~

Just to correct you there, not hodling =/= greedy.
There are those such things as different strategy. If I day trade which means I look at the boring to hyped charts almost all day, does that mean I am greedy while taking advantage of the short increases? Nope, right?
Some could do more in day trading rather than hodling.
Just a disclaimer. I quit day trading but I heard stories.

[conected]

The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades

Aside from greed then most of people do lack patience, they don't like to wait but rather making steps that do directly make them believe that they can make big bucks.

Most of us do really experience this situation when we are still noob but once we do get ample experience in the market on how it works and whats the reality then you would really

able to realize and act according to that and those anticipations would be ignored and would stick out into much realistic goals or aims.

psychology seems difficult to control, and the one who can control it is ourselves. By increasing our trading experience, we will gradually experience a more mature psychological improvement. Besides, for beginners, I think they need assistance from friends who are experienced in trading, so they can guide according to their experience

- Free sharing is not fun for those who have experience and want to support, it will be a training class with tuition fees and I'm also not sure that we can make money after these trainings, newbies are very naive sheep, they can get bored from these learning expenses, they should enhance their selves by their own efforts, experiences are personal feelings. But it's quite sad that we are always the ones who destroy the positive emotions and make trading worse, control has been reversed and our mentality has lost

[Fivestar4everMVP]

I have a friend in the UK who over a 300 percent profit on he's initial investment of 20k 4 years ago, around April this year(2021), he's 4 years ago investment of 20k usd climbed to over 160k usd, he told me, and I told him to sell, but he was if the opinion that the market will keep going up and selling then was too soon, he said bitcoin was going to be worth over 100k usd before June(last Month) and by then, he's expecting he's investment to be worth nothing less than 500k usd (this is what I call greed), initially, I reasoned with him and at some point was even jealous of him, but things soon turned around, when the market started dropping, I contacted him and asked him to sell, and buy back later at a cheaper price, he refused and said the drop was just a minor correction, today, he's total investment have dropped from over 160k usd to below 59k usd, though he's still in  profit cus he initially invested 20k usd, but then I still feel he's lost so much money due to he's ignorance.