Adorald
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August 13, 2021, 05:35:21 AM |
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Overconfidence and inadequate preparation often play a negative role.
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Cherylstar86
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August 13, 2021, 12:25:00 PM |
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many times while trading we let our goals down and get greedy or fearsome. the problem are the reason behind, mostly psychological reasons. two scenarios
a. price went +20% up, we dont sell. reasons we dont need the money now we anticipate more gains (greed, market sentiment) we see others with more gains (greed, jealousy) we dream of million (greed, new life vision)
b. price went -25% down, we sell. reasons we need the money now we are fearing it will crash more (fear, market sentiment) we doubt our initial decision to buy (judgement by single point of time) we see others leaving the investment (fear, mass psychology, group) we see other investment that are not -25% (fear)
thats why many books advice to trade in smaller steps. dont go with a gut feeling, set a goal and stick to it.
the biggest impacts to our psychology? maybe the media, the news, the rumors. we read something and anticipate that it will move 'others' and so we act on our own. we do it, but we have no idea what it should mean. what should a musk tweet mean to a price? 3%? 10%? what should india banning crypto mean?
This really reflects most of us . Sometimes we are not grateful for the benefits that already exist. It's the turn of the price to go down and even sell the coins for fear of falling deeper. very funny indeed.but this is the reality in the market..even sometimes i also do this. Indeed. It really do reflect most of us, especially being greedy or being not contented of the profit you gain. Some reasons for bad trading is because of they don't have the proper knowledge. They want to start already to the top even they are new or didn't know a lot. Some of those are newbies, not just newbies but I think some of us, we tend to panic on selling our coins when we see prices started to fall. It was really funny that we let our emotions control us especially when we're really in need but that's the reality in the market. I suggest to just have patience and always search for you to be updated always.
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Kasabus
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August 13, 2021, 02:39:05 PM |
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The big reason that I see is that some people are so confident with the blueprints they believe in it. Until they found out it was broken through another drain, confused and got rekt. There is no successful trader without going through failures. They don't have the patience to follow their dream of becoming a good trader. I am one of them, I quit trading because there is no winning, record of failure and loss. Lol, today was a high win rate action on candlesticks and charts.
It is a rip-off for those who can't be patient to learn but wanted instant. I understand that we all wanted to make some money from trading but unfortunately, not all are also willing to take risks, to face failures, however, they all wanted to earn a profit all the time. That kind of mentality is absolutely wrong and this makes most traders not able to achieve their goals. Bad trading is obviously the result of our wrongdoings. If we are not going to change this, it still resulted in the same thing even how many years we spend in trading.
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RealMalatesta
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August 13, 2021, 06:37:37 PM |
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Everyone learns eventually that trading is a not a easy task contrary to popular belief. This is why starting with a demo account is important for a newbie in trading. Trading a live account go beyond knowing the basics of trading, there is a lot you can learn as a trader using demo account
It's not that easy. Many failed because they are aiming for an easy hit, not expecting that there are many struggles before they'll be able to manifest with this business. It's always good to have some practices and do your research first before you do the actual trades. There are many places to learn demo accounts gives you the actual settings it will give you knowledge what you supposed to know. [/quote] Without finding the right path, people will keep on losing money during trading, that has been the case for many years and will keep on being the case for many more years in the future as well. I have to say I fell for the same thing before as well, it wasn't easy but on my early days I have lost a lot of money while trading as well. I was lucky that I started with only $17 on my first ever earning, which I then used for trading, and what can you profit or lose from just $17? Even if you lose all of it, that is not going to be anything special. This is why I started to work on myself and got better with small amounts, of course it grew and eventually I had 100+ (not from trading, but from earning by working) and I kept trading all the time and I kept losing as well, I didn't give up and learned from my mistakes and became better on it as well.
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zanezane
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★Bitvest.io★ Play Plinko or Invest!
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August 13, 2021, 06:45:00 PM |
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Overconfidence and inadequate preparation often play a negative role.
Also lack of knowledge, experience and risk tolerance too. Two of them can easily be solved by practice trading in my opinion, you gain first hand knowledge and at the same time experience when you do practice or demo trading. Risk tolerance is going to be difficult since it's self assessment and people don't like what they learn about themselves especially if they discover it themselves.
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Sweetbtc
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August 14, 2021, 02:33:34 AM |
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I saw many newbie included some of my best friends they take entry in fomo when coin has high resistance that price id such coin will down soon and results 20%+ lose. Entry in dip is a one of the best stategeties and i believe that no will lose. 2nd some newbie want to make millionaire in 2 days and they invest most of portfolio on meme and shitcoin which xan result high lose .
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Psynthax
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August 14, 2021, 05:36:14 AM |
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True .. greed and feeling of insatiable is the thing that hinders some of the way to trade . From here we learn the importance of self-control and gratitude. A merchant will continue to make the same mistakes if he does not keep their self-control from greed and lack of gratitude.
I heard some advice from youtube influencer that said we should stop for a moment if we have made a mistake and maybe because of loss or something like that because we have bigger chance of making a really bad decision that can make us losing more and more and i think that advice is a good advice. maybe just become more patience and patience analyzing the market will help, after all analyzing the market is part of the progress.
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Chathusand
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August 14, 2021, 08:20:10 PM |
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It's a common issue among traders. But, a few days ago, I saw a topic with the title: Cryptocurrency is a playground for the wealthy. Actually, if you have too much money, you will be able to make any decision you choose. You will fill something horrible for every decision when you need money.
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juliepower
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August 17, 2021, 05:02:28 AM |
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In my opinion what I experience and saw others while trading the basic and important mistake by traders is they invest without knowing(unfamiliar), understanding, lack of knowledge impatience,sold in hurry and greedy plans. These are the reasons for bad trading. 🙏make sure before invest in any take a knowledge and learn more then make plans.
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Wawa2013
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August 17, 2021, 05:40:51 AM |
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In my opinion what I experience and saw others while trading the basic and important mistake by traders is they invest without knowing(unfamiliar), understanding, lack of knowledge impatience,sold in hurry and greedy plans. These are the reasons for bad trading. 🙏make sure before invest in any take a knowledge and learn more then make plans.
Because most people think trading is an easy thing to do, when in reality trading is not as easy as imagined. There are many factors to be able to successfully generate profits from trading, including having knowledge and being able to control emotions well. Without our knowledge trading only based on other people's opinions or even just following instinct, and the results will be bad. That's why most people fail at trading, because they trade in the wrong way. So prepare everything before we finally decide to trade, so that we don't do bad trading.
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Lordshiva
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Welcome back 🙏
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August 19, 2021, 02:10:25 AM |
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The reason for most of bad decision in trading is greedy and not follow their own rules. Base on my experience i usualy doing good when analyzing chart. I set resistence line as a taking profit point but after i reach that and the market look like continue its bull, my greediness suddenly appear so i am not closed my position. Greed also can lead you to trade with high margin ( this is the worst trading strategy ).
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dimonstration
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August 19, 2021, 02:20:17 AM |
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The reason for most of bad decision in trading is greedy and not follow their own rules. Base on my experience i usualy doing good when analyzing chart. I set resistence line as a taking profit point but after i reach that and the market look like continue its bull, my greediness suddenly appear so i am not closed my position. Greed also can lead you to trade with high margin ( this is the worst trading strategy ).
If it will depend on tgeir own rules it may lead in a different ways or some losses. Sometimes it's still good to have some guide until we know that were capable of doing trading ,not just trading but a profitable one. We need to distunguish in what area we are good at like in ahort or long term trading or maybe day trading and what coins interest us the most. It's a process and qe must be disciplined enough to learn and monitor all of them.
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Cherylstar86
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August 19, 2021, 11:59:14 AM |
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The reason for most of bad decision in trading is greedy and not follow their own rules. Base on my experience i usualy doing good when analyzing chart. I set resistence line as a taking profit point but after i reach that and the market look like continue its bull, my greediness suddenly appear so i am not closed my position. Greed also can lead you to trade with high margin ( this is the worst trading strategy ).
Indeed. Being greedy is one of the reasons in bad trading. They also follow and have their own rules in trading. They also think that trading is just an easy thing. They trade without knowledge about it and even the techniques and strategies on how to do it. Bad trading is obviously the result of our wrong doings. If we are not going to change this, it will still result on the same thing even how many years we spend on trading. If we lose money before because of our wrong doings, it will just repeat in your every trading.
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killerman2
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August 20, 2021, 04:29:02 PM |
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We always does some hurry in trading whether we want to buy some coin or we want to sell some of the coins but in trading as you can see most of the trader advised you to keep patience. This is due to prevent loss and ready for the big profit only. So, in every situation must learn some strategies and followed them.
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Emmychris
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August 20, 2021, 08:06:32 PM |
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The main reasons for unsatisfactory trades is being impatience and the fear of missing out. I've come across both of them, I often found myself being impatient and selling too quickly, which lead into losing a decent profit in the long run, while I've also sold when the market was facing a crash. Sometimes, we're also affected by what others are doing, if for instance the forum is going nuts about Ethereum's crash (just an example), we'll be tempted to also sell because that's what everyone is doing.
It's all about making the right decision at the right time, most of us let our emotions control our actions in trading which is bad. Selling too quickly and later price pumps is one thing that occurs frequently, so for it to be avoided, have a plan, set a target, know the reasons for buying the coin and work with it. Some traders and investors has no plan or any target for a coin, there just jump in, this is why they can easily sell at loss because of a market correction or hold a coin which has given much profit already
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ItsCrafty
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Tontogether | Save Smart & Win Big
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August 28, 2021, 11:10:59 AM |
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I have also the same question that whenever we have seen Elon Musk and any other top traders, due to their just one tweet the coins rises or i didn't get that how can he do it? But i want to say one thing in my mind that he is also a top trader, as he invested more in that coins, the price of the coins rises. What do you think about it?
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Hobo66
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September 09, 2021, 10:54:28 AM |
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There are numerous reasons for bad trading. The foremost thing is that the users often make investment based on feelings and emotions. The second thing is that they don't set stop lose which prevent users from big loss in their investment. They also have not enough information about the trading. So these all are the reasons for bad trading.
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Kulkhan
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October 24, 2021, 03:10:28 PM |
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I Think main reasons for bad trading is poor knowledge. Without proper knowledge bad trading happening and people losing their valuable asset. On the other hand another big reason is emotion. Emotion controlling is very tough in tread. When any trader capable to control emotion then he/she must loss his fund. So my analysis two big reasons for bad trading one is lack of proper knowledge of trading and next one is emotion.
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otundebis
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October 24, 2021, 04:19:40 PM |
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As far as trading is concerned, nothing is written in stone. These reason listed may be the reason for good trading tommorow. I think the most important to do list for any trader at any level is to have a plan and a strategy, every other things should fall into place, all things been equal or not. Trading Cryptocurrency is dynamic and spontaneous!
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nur rochid
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October 25, 2021, 03:14:29 PM |
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As far as trading is concerned, nothing is written in stone. These reason listed may be the reason for good trading tommorow. I think the most important to do list for any trader at any level is to have a plan and a strategy, every other things should fall into place, all things been equal or not. Trading Cryptocurrency is dynamic and spontaneous!
In conducting transactions, of course, we must have a predetermined framework, and we must write it down so that whatever happens we can read it back to be material for future corrections. we are aware that the market is dynamic and our decisions are sometimes spontaneous, to get that we have to increase our flight hours so that later we naturally have feelings for the market
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