Reasons why they get it all wrong when trading.

[Oceat]

This is very accurate trading is not a friend you have to outplay your way in the market, another significant point there is discipline if one lacks discipline then you are not good at cryptocurrency trading because you can not make good trading decisions.

Indeed, that trading is not good if you lack of discipline but did you know that trading is not for people who can't control their emotions will lose the ability to trade properly or to take profit? Trading is just so simple exactly, you just have to buy and sell but it determine your profit whether you buy it high or low and sell it high or low.

After all, trading is just buying and selling but the only difference is how you good you are at buying and selling in order to make profit.

[1715357934]

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[Quidat]

This is very accurate trading is not a friend you have to outplay your way in the market, another significant point there is discipline if one lacks discipline then you are not good at cryptocurrency trading because you can not make good trading decisions.

Indeed, that trading is not good if you lack of discipline but did you know that trading is not for people who can't control their emotions will lose the ability to trade properly or to take profit? Trading is just so simple exactly, you just have to buy and sell but it determine your profit whether you buy it high or low and sell it high or low.

After all, trading is just buying and selling but the only difference is how you good you are at buying and selling in order to make profit.

All traders had actually experienced this stuff when we do start from being noob to professional.Emotions would be the main enemy aside from being unknowledgeable or inexperienced towards the market because we know that if emotions do set in then it is where bad decisions or bad calls would really be next in line and this is where i do believe that main factor that affects traders even you are already experienced because we are just human beings and its just normal to have those kind of reaction moments but as we do go further then we do really gain experience then this culprit would really be gradually be controlled
and when you had done this then you would find yourself a bit efficient on making out your trades.

[Ryker1]

^[snip]

Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.

Majority of the traders jumping into the cryptocurrency market move in expecting huge returns and you cannot call them greedy, if you ever invest in the market especially in the altcoin market understand the risk as only Bitcoin is the only coin that can benefit you in the long run.

Well, almost all the time jumpers have become a loser especially if they are new in the trading field. No, they are greedy because they jumped even without knowledge and skills about trading, because perhaps they had heard about possible and potential profit in trading, some others are invested in different new launched projects hoping that there is a big ROI will come but in fact, they keep losing and perhaps the reason leaving in the market and blindly accepted their losses. It is indeed a good insight by the OP.

[Ziskinberg]

Well, almost all the time jumpers have become a loser especially if they are new in the trading field. No, they are greedy because they jumped even without knowledge and skills about trading, because perhaps they had heard about possible and potential profit in trading, some others are invested in different new launched projects hoping that there is a big ROI will come but in fact, they keep losing and perhaps the reason leaving in the market and blindly accepted their losses. It is indeed a good insight by the OP.

They are putting themselves in a trap. This will happen when we already love the money and we could think that trading makes us rich too quick but absolutely we are wrong and much more if we don't have knowledge about this.

Perhaps, trading is not for everyone, if you just keep losing despite the hard work and effort you've made, definitely, this is not for you. We can't force to take this if this will be just the result, better to find a place where we are comfortable and happy with the results.

[joniboini]

So are we talking about trading trusting cex too much or the greed to make profits? Are both of them new anyway? I think most people already know this. Greed and trusting exchange cause a lot of problems here and there.

I suggest searching for trading mistakes on this forum or google, you'll find a lot of discussions about it from years ago.

[nelson4lov]

So are we talking about trading trusting cex too much or the greed to make profits? Are both of them new anyway? I think most people already know this. Greed and trusting exchange cause a lot of problems here and there.

I suggest searching for trading mistakes on this forum or google, you'll find a lot of discussions about it from years ago.

Yes, this isn't the first time the problem of trusting exchanges or being greedy during trading is being discussed in the forum. As a matter of fact, it has been discussed dozens of times before this but it's still nice to have a reminder about it. Plus, regardless of the 3 major points op shared, there's still something to be learnt ~ either in OP or in the comments that followed. I know this because I took time to read some of the replies.

[Shasha80]

So are we talking about trading trusting cex too much or the greed to make profits? Are both of them new anyway? I think most people already know this. Greed and trusting exchange cause a lot of problems here and there.

I suggest searching for trading mistakes on this forum or google, you'll find a lot of discussions about it from years ago.

Yes, this isn't the first time the problem of trusting exchanges or being greedy during trading is being discussed in the forum. As a matter of fact, it has been discussed dozens of times before this but it's still nice to have a reminder about it. Plus, regardless of the 3 major points op shared, there's still something to be learnt ~ either in OP or in the comments that followed. I know this because I took time to read some of the replies.

Although it has been discussed thousands of times regarding the problems of over-trusting exchanges and greed when trading. There are still people
who make these mistakes, which means that we all need to remind each other continuously. Because I think this problem is most often experienced
by traders, they think popular and reputable exchanges are safe to keep all their money. Then there are still very many traders who can't control
their greed. Therefore, it is a positive thing if topics like this keep popping up, because they are very important as reminders. In order to avoid
the wrong thing when trading.

[Rajamuda]

Thank you for giving a lot of things that really need to be studied carefully, here I am including people who really want to be reminded and want to be more inclined to improve trading activities so that I can become a better trader, and this can be a source of motivation for me.

[lightning0]

Thanks for the questions raised by the host, and I have benefited from everyone's communication.These questions are what we will have to become a qualified trader.
So I briefly summarized everyone's views:

1. "Fear the market and always keep a clear mind; the lesson of loss is more than profit; don't put most of the funds in the exchange" (find a trusted exchange) to ensure your transaction;

2. Greed is a big taboo, and stop loss is a common operation;

3. "A lot of investigation, analysis, and trading strategy should be made before trading, and then invest again";

4. "Ignorance, FOMO, greed and panic are the most important things to avoid in trading". Control your emotions;

5. Check, review and correct your own transactions;

6. Control your own trading risks and continuously enhance your learning awareness;

7. Follow the trend and operate self-discipline.

There are still some that I have definitely not noticed. Thanks again to the people who helped.

[crzy]

There's a lot of reason why some traders are losing much money in the market, maybe they are not well prepared emotionally, mentally and financially because this market is very stressful even if you know how the trading works, if you don't have self-discipline then you'll get burn later on.

Being greedy is one of the reason why traders are crying as they lose their money, they didn't commit on their target price and they become more greed forgetting about the volatility in the market. Setting up your target price and cut loss level can prevent you from being greedy, you should know that taking profit most of the time is very important.

[Peanutswar]

There is a number of people who would like to join in the trading but some of them don't know where it starts but I guess most of the traders mistakes are doing the Fear of missing out and does not have a trading plan. A trading plan is one of the most essential strategies nowadays no matter what happens in your trading, a trading plan is a guide if you lose. Also, some of the beginners if they lose on futures trading with a small amount they are still getting holding the position even the graph already give them a hint about the possible outcome of their position.  Always be conscious when your in trading its not all about emotions its all about the strategy to win profit and prevent too much loss.

[milewilda]

So are we talking about trading trusting cex too much or the greed to make profits? Are both of them new anyway? I think most people already know this. Greed and trusting exchange cause a lot of problems here and there.

I suggest searching for trading mistakes on this forum or google, you'll find a lot of discussions about it from years ago.

Trading mistakes has nothing to do with trusting on cex because it has nothing to do with your trading outcome or profitability but of course with the accompanied risk then we should be aware.
Common reasons about getting wrong with your trading is we do become greedy too much which do result into non learning of the basics or things to consider when you do engage with trading.
This would involve lots of trials and errors which should people do really expect to experience.Thing here is that you do learn up from those mistakes because this would be a stepping stone
for you to succeed on this career, it might sound simple but its not but really worth for you to engage on.

[jostorres]

As a trader you should be okay with making some losses as there's more lessons in losses than profit

Such a sweet and true statement and it's important to face and conquer losses earlier in your trading career. When traders don't know how loss feels and only taste profit in their life, they might not be able to handle a loss which is inevitable at some point for even the best ones, given how volatile crypto trading is.

Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.

A good balance between greed and fear is important like you said because too much of either one of these can be bad. You must be able to wait long enough to encash the asset but not greedy enough to let the peak point slip in hope of even higher prices.

[Raflesia]

There's a lot of reason why some traders are losing much money in the market, maybe they are not well prepared emotionally, mentally and financially because this market is very stressful even if you know how the trading works, if you don't have self-discipline then you'll get burn later on.

Being greedy is one of the reason why traders are crying as they lose their money, they didn't commit on their target price and they become more greed forgetting about the volatility in the market. Setting up your target price and cut loss level can prevent you from being greedy, you should know that taking profit most of the time is very important.

That's because his mentality is not completely ready to make real trades and the word discipline is important with the target he is aiming for and if he just wants to go higher then I think that all the money will slowly run out and forget about it. the pattern in which they start their commitment.

Sometimes with greed we always forget the main goal about emotional and financial we even have reached the target we always ignore it because in crypto trading it requires good skills and discipline so you can get better benefits.

[rosebrand]

This is very insightful and have also learnt some things frim this post as well. We all here about greed in almost every time and still yet we fall for it, most of us don't learn until we are dealt with, i have been trading for a while and making cool profits, due to greed i almost lost everything both profits and capital, so bad i learnt my own lesson the hard way and now am trying every possible to control my greed.

[leea-1334]

So are we talking about trading trusting cex too much or the greed to make profits? Are both of them new anyway? I think most people already know this. Greed and trusting exchange cause a lot of problems here and there.

I suggest searching for trading mistakes on this forum or google, you'll find a lot of discussions about it from years ago.

Nah,,, it is nothing new but I think people are actually now also getting tired of scammed from DEXs especially now defi rugpulls and all that happening so maybe that is not an old news and I think some of these discussions will inevitably get the "why not use DEX" solutions which of course is totally misguided.

Trusting DEXs is still trusting teams and I would trust anons less than regulated CEX to be honest.

[Fesatmas]

Trading is one of the many ways to participate in the cryptocurency industry and one of the most profitable ways of earning. Trading can be very
Like I earlier said, traders should be self discipline, when a trader begin to become too greedy he or she is doing it all wrong. Profit taking is a key skill every trader should learn as it's very vital in becoming a successful trader.

Well, this is a greedy mentality that is the wrong step in continuing to trade. following the lust which is actually the starting point for facing big losses in front of our eyes.
It seems what you are trying to convey, based on the results of psychologist research of every trader experiencing high levels of stress. Ah, it's been felt in almost all circles. even we did not escape from such conditions.

[Lakai01]

Trusting DEXs is still trusting teams and I would trust anons less than regulated CEX to be honest.

I have come to see it the same way. Especially in the early days of DEX, I think you could trade there much more safely than nowadays, where so many scammers and entire scam teams/tokens are out and about, just waiting to rip you off:

As Decentralized Finance (DeFi), particularly decentralized exchanges (DEX), experience an explosive jump in popularity, the number of fraudulent actors and schemes grow simultaneously, looking to take advantage of sudden growth of these exchanges. An Ethereum liquidity provider, Uniswap has seen a worrying increase in scam tokens on the platform, according to Crypto Briefing.

Source

This article is from 2020 and the whole DEX scam thing got way worse by now.
This will eventually lead to either regulatory measures for DEX (the question is how) or to DEX losing its importance completely, as people prefer to trade on centralized exchanges again and don't run the risk of losing their coins there.

[jaberwock]

Perhaps, trading is not for everyone, if you just keep losing despite the hard work and effort you've made, definitely, this is not for you. We can't force to take this if this will be just the result, better to find a place where we are comfortable and happy with the results.

Very true. Not everyone can be a trader because I have felt that myself after trying my best in trading for years, I have failed miserably and I feel no shame because I gave it my best shot and not everyone can be a trader, that's a fact!

I will continue to try for some more time and see if it works out because earlier I was trying to invest in altcoins but now I will try my luck and skills with the price trading or day trading as some call it.

So are we talking about trading trusting cex too much or the greed to make profits? Are both of them new anyway? I think most people already know this. Greed and trusting exchange cause a lot of problems here and there.

Trusting exchanges and keeping balance on centralized exchanges is indeed a good point and risky aspect of trading but one can easily switch to decentralized exchanges if that's a big issue for them.

[abel1337]

Perhaps, trading is not for everyone, if you just keep losing despite the hard work and effort you've made, definitely, this is not for you. We can't force to take this if this will be just the result, better to find a place where we are comfortable and happy with the results.

Very true. Not everyone can be a trader because I have felt that myself after trying my best in trading for years, I have failed miserably and I feel no shame because I gave it my best shot and not everyone can be a trader, that's a fact!

I will continue to try for some more time and see if it works out because earlier I was trying to invest in altcoins but now I will try my luck and skills with the price trading or day trading as some call it.

I also believe this, Not everyone could be a trader. I mean a trader who does what experienced traders do to make a successful trade. Anyone could be a trader but if they lose a lot it's hard justifying it. Everything could be learned and trading is one of them but there are things on trading that can be really hard to learn like the psychology of trading.