Some trading mistakes beginners make

[Issa56]

From my experience and from the research have done I believe some of this reasons might be among why newbies always lose in Cryptocurrency.

- Not doing analysis: Many people, especially newbies, have lost a lot of money in trading due to their inability to analyze the coin they are about to trade. You should know a lot about the coin and have done a lot of research on it, including all-time highs and lows, total supply, trading volume, and what the coin is used for, among other things. So, before buying a coin, do your research. Don't just jump into a trade without knowing anything about the coin.

- Revenge trading: I believe that most traders engage in this practice, which is quite harmful. Revenge trading is the process of buying back a coin because you may have sold it at a loss the first time you bought it, and you simply want to make a profit, so you decide to join the coin again without doing your research beforehand. Nobody is flawless, so if you are involved in a trade and you lose the trade, you must go on and not sit around waiting for retribution.

- Trading pump and dump coins: There are a lot of coins out there now that are mostly pump and dump. You should always avoid pump and dump coins when trading. If you're trading, make sure you're exchanging high-volume coins and stay away from low-volume coins.

- Not keeping a trading diary: As a trader, you should keep a well-documented trading diary that includes all of your previous experiences and the coins you've purchased previously. However, most newbies don't keep trading journals because they don't document their experience; instead, they simply wake up and decide to enter any coin they want and exit the market whenever they want. As a trader you should have a trading diary which will include the date which you bought a particular coin and the date you sold it, the price which you bought a particular coin and the price you sold it, in the trade if you make a profit or lose and why you make the profit or lost and many more.

- Not having a target when trading: When trading, you should have a target as soon as you enter a trade, and as soon as your target is met, I believe you should exit the market. Most people have lost money because they don't have a target. Some targets may be met, but greedy people will refuse to sell, which resulting in a loss.

- Trading futures too early: Beginners make this mistake frequently, and I made it myself. When trading futures, the risk is always high, and the reward is also high, so most newbies focus on the high reward and ignore the high risk and some might not even about the risk because they don't really know much about future trading. I feel that before you begin future trading, you should have mastered spot trading, else you risk losing money without earning any profit, or your loss could be more than your profit.

- Entering many trades at once: As a beginner in Cryptocurrency, you don't need to jump into many trades at once; instead, focus on one or very few trades that you believe you can monitor. If you have too many trades open, you may become confused and lose control of them; however, if you focus on just one trade, you can give it your full attention, whereas if you have too many open, your attention will be divided.

- Not using stop lose: Some people believe that using stop lose is a waste of time and money. While I understand that not everyone is interested in using stop lose, I believe that as a newbie, you should make stop lose a priority in all of your trades because it will help you cut or reduce your losses if things go wrong. However, as a skilled trader, you can trade without using a stop loss because not everyone prefers it.

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[Wind_FURY]

OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.

[markdario112616]

Just to add, one common mistake as well is Hype trading (that's what I called it  ). A lot of newbies, tend to go all out by just joining the trend or hype of a coin without proper research. Why is it common? Well, let's accept the fact that when a person hears about generating a huge amount of money by doing this or that, we are persuaded to try it out. The reason normally is "If they can, I can", then sooner or later they'll be caught up being scammed or worst broke.

[Wind_FURY]

Just to add, one common mistake as well is Hype trading (that's what I called it  ). A lot of newbies, tend to go all out by just joining the trend or hype of a coin without proper research. Why is it common? Well, let's accept the fact that when a person hears about generating a huge amount of money by doing this or that, we are persuaded to try it out. The reason normally is "If they can, I can", then sooner or later they'll be caught up being scammed or worst broke.

That’s precisely why the term F.O.M.O. is used in investing/trading, or was it actually invented in Bitcoin’s trading/investing community? I don’t know. But it means Fear Of Missing Out, also called Panic Buying.

[blockman]

I've seen those posts about futures and think that they can enter onto it and manage the risk that it has easily. They probably saw someone who makes a decent profit from that and they thought that it's just the same as spot trading. You buy low and sell high and you're good to go with higher profits than it potentially has. It's really a mistake for those newbies that are looking into futures as if everyone can bear the risk that it has, well, I can't even trade with futures because I don't want to.

[Zilon]

Keeping a trading diary is a necessity at op you are rightly nailing down the points for newbies but this thread isn't just limited to newbies alone, from an amateur trader to the professionals this information is very vital. Trading diary certainly helps keep a statistical record of all your trading history and how much improvement you have made ranging form your losses to your gains and pointing out areas which needs improvement

[Maslate]

It all has been said OP...and it was sad to say that these mistakes will often happen again and again as newbies are not able to see and realize their mistakes before they start trading but it happens after.

I know that we wanted not to commit mistakes and lose in trading, even newbies wanted to earn profit instantly but the truth is that we can't avoid these things as this gonna happen no matter how careful we are, no matter if we have knowledge and skills as this couldn't be perfect.

[Bitcoin_Arena]

Trading with funds you cannot afford to lose should be on top of the list. Borrowing funds to trade should never be an option. I have personally done that mistake before when was a novice trader and once you lose even one trade, emotions get ahold of you, and you start revenge trading and making so many poor decisions that can lead to more losses.

Also, greed should be completely avoided. If you go with a mindset of getting rich quick though trading, you are less likely to succeed. Trading and making significant gains takes time and experience. Greed can turn your small profits into huge losses and even less equity in your portfolio.

[MiF]

Beginners always wanted a very quick earnings, and I think that was a mistake. because if we rush to get earnings we will possibly loss. The best strategy to do as a beginners is to study hard on ways on how to trade and how to control the emotion, make some research first and do basic trading and only use a small amount of capital to avoid discouragements if ever you loss you can only loss a small amount.

[GreatArkansas]

Additionally, beginners should not also say or think "I am a beginner, it is okay to lose". To be honest, this is bad practice, you should always be positive like you should not learn at first because you are a beginner and it is good to lose your money?
But we manage to educate ourselves at the beginning, it will continue and that will be your practice as time goes.

[zanezane]

Being too cocky and thinking that trading is an easy thing to do and that there's no way that you can probably fail from doing it just because you follow the principal of buying low and selling high.

[kapalmabur]

Being too cocky and thinking that trading is an easy thing to do and that there's no way that you can probably fail from doing it just because you follow the principal of buying low and selling high.

Trading and making a profit is not something easy to do,
if it's easy I think people are already rich of course but apart from that all beginners have to learn a lot so as not to repeat the same mistakes in trading,
because in trading the risk of losing money is high so you need to be careful

[wahyu wida]

Additionally, beginners should not also say or think "I am a beginner, it is okay to lose". To be honest, this is bad practice, you should always be positive like you should not learn at first because you are a beginner and it is good to lose your money?
But we manage to educate ourselves at the beginning, it will continue and that will be your practice as time goes.

when trading, we must be responsible for the capital we use. indeed this thought as you mentioned is experienced by many beginners, of course we must eliminate it and concentrate on the analysis made previously and try to be consistent with the framework. so that over time we can correct the mistakes we made for a better future

[Wexnident]

Well they should simply take it slow. Taking trading as something that gives instant profit just because you entered it is one of the few expectations that newbies have (I myself am included), but really it's not. If you were going to dedicate yourself to trading, it may take years for you to actually get comfortable with it and get profit. It takes experience, and even with that, a profit isn't a guarantee that's why take it slowly. You're not going to stay there for a short time, but rather for a very long time, might as well take your time with it.

[palle11]

- Not having a target when trading: When trading, you should have a target as soon as you enter a trade, and as soon as your target is met, I believe you should exit the market. Most people have lost money because they don't have a target. Some targets may be met, but greedy people will refuse to sell, which resulting in a loss.

This is important to trading yes because it is like moving a truck to a place or down the road and you have to be careful about it to get to where you going but regarding to trading, the challenge is greed. I see sometimes you wait to grab bigger profit but at the end the market traps one to losses and unfortunately you begin to regret...A good lesson to learn.

- Entering many trades at once: As a beginner in Cryptocurrency, you don't need to jump into many trades at once; instead, focus on one or very few trades that you believe you can monitor. If you have too many trades open, you may become confused and lose control of them; however, if you focus on just one trade, you can give it your full attention, whereas if you have too many open, your attention will be divided.

IMO this is not a problem. Entering more than one trade at a time isn't bad but what is bad is a martingale without a stoploss applied to each entering 

- Not using stop lose: Some people believe that using stop lose is a waste of time and money. While I understand that not everyone is interested in using stop lose, I believe that as a newbie, you should make stop lose a priority in all of your trades because it will help you cut or reduce your losses if things go wrong. However, as a skilled trader, you can trade without using a stop loss because not everyone prefers it.

The most important part of trading is to use stoploss which is part of money management skill. A skill trader not using stoploss has his day of reds.

[Wind_FURY]

I believe also one of the BIGGEST mistakes newbies, and plebs like us make is HODLing shitcoins, convincing themselves that it’s “better” than Bitcoin then therefore should give plenty of ROI for investors like Bitcoin. “They” too said Bitcoin Cash, and its fork Bitcoin Cash SV is “better” than Bitcoin.

[LimLims]

OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.

Yes that’s well quoted.
Many newbies think that they have gained enough experience to make wiser decisions and place big bets.
Bet here they lack the intelligence and make mistakes.
Some trading mistakes beginners make is investing big when they have less experience.
For which when it becomes loss, they regret on it.

[Oshosondy]

- Not doing analysis

These are the traders that will rush in and rush out, they will start to trade with luck which is gambling and they will fail and lose huge amount of money.

- Revenge trading

Not even only in trading but also in gambling, the weakest period to traders and gamblers is when they lose and continue to trade, emotion will set which will lead to poor mindset, they will trade the more and lose until their money are all gone.

- Not keeping a trading diary:

I do not have a trading diary but I learn from my mistakes which I think is enough for me, I do not see how diary is important.

- Not using stop lose

It depends, what if I use stop lose and the market price of the trading coin decrease up to the stop loss and the market was closed, after the market pump back which should have been a profit. It depends on the traders, stop loss also have disadvantage.

[sujonali1819]

The points what you had provided in the op about newbies mistakes are totally right. And even after 4-5 years experience in crypto world still I am doing few mistakes. Basically the opening few trades one time and taking decision too early . You can say newbie in this case. Lol

I think the panic and greed of become rich overnight are also two reasons of making mistakes in trade by newbies.

[checkmatesir]

I think a better post to talk about because every trader can learn from its mistakes and the traders who are newbies didn't made a mistake since now then they didn't know about trading really well. But the most important thing for newbie i would suggest is that they should not lose their patience and that is it.

[TheGreatPython]

OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.

This is definitely a big problem. I have seen a lot of people who come into crypto with "if there are so many people who made money in crypto, then I will be able to do the same as well" logic. First of all, not everyone makes a profit in crypto but since it went up so much, people who did literally nothing but watching the price go up managed to make money, so it was easy, doesn't mean it will be easy for you as well.

At the end of the day, it is something not as entertaining as you would hope, it is a big dangerous to keep doing this for a long time. What we need to explain to newbies is that trading is a risky business and it takes time to master it. If they jump in without much knowledge, and high confidence then they will keep on losing money.

[Shenzou]

Some of the newbies' mistake is probably going off track really easy, i see a lot of them dump their money and trading some shitty altcoins that are not that developed and they are just a pump and dump scams thinking that they will be able to hit the jackpot with, where they should be focusing on trading the more known ones, and one other thing as soon as they win a trade or two using a certain strategy they just stick to it even though it might not be working for that time.

[isaac_clarke22]

~

Another one. Overcomplicating things especially in losses. There are people thinking that there might be ways to "revert" those losses immediately, almost like panicking which is quite common here in crypto especially in dips, and yes I might be like talking about those panic sellers.

Use indicators by the way.

[ScamViruS]

I think a better post to talk about because every trader can learn from its mistakes and the traders who are newbies didn't made a mistake since now then they didn't know about trading really well. But the most important thing for newbie i would suggest is that they should not lose their patience and that is it.

The trader must have patience when he wants to trade. But it is not always possible to get the right trade with patience. This requires gaining knowledge about trading, and developing your own skills. In most cases traders face losses only because they have little knowledge about the market. When a trader has no knowledge of the market he trades based on emotions which are later considered as wrong decisions. So it is very important to develop trading skills.

[el kaka22]

Also do not sell now that bitcoin is under 50k, buy right now.
I know that may confuse some people, the price is dropping so why should you buy right? You would lose since it is dropping right?

Well, the reality is that when it is going down, that usually means the only way left is going up, it could go down only so much and eventually it will start going up.

Buy as much bitcoin as you can without hurting your finances, and if it falls more then buy some more, keep buying more when the price is dropping. It is obvious that when the drop stops, it will not continue to go down and the only direction is higher to our profit and that's how I made my profit. So, if you see bitcoin price crashing, do not be sad, be happy, most newbies are sad to see it go down.

[BruceLee98]

Beginner always forget to do their own research on a particular coin. They try to trade their emotions first which is very risky and with time they get frustrated. Beginners also think that the crypto space is a get rich quick scheme and this leads to impatience and this always attracts a very big trading error and in turn money is lost .

[Vaculin]

Beginner always forget to do their own research on a particular coin. They try to trade their emotions first which is very risky and with time they get frustrated. Beginners also think that the crypto space is a get rich quick scheme and this leads to impatience and this always attracts a very big trading error and in turn money is lost .

Most newbies think that was really it happen as many people had said about it. In fact, that is what we heard in promotional ads and that is the reason why they come into trading. However, it was not literally we should have to trust people talking like that but instead to have our own research to further know if that is real or not.

Well, committing mistakes is not new, no one has been exempted from this as we all did some. But if we don't find a way to correct it, I don't see any success but failure.

[Oceat]

Beginner always forget to do their own research on a particular coin. They try to trade their emotions first which is very risky and with time they get frustrated. Beginners also think that the crypto space is a get rich quick scheme and this leads to impatience and this always attracts a very big trading error and in turn money is lost .

That's a total waste of money for an investment if they would just act like that. I'm sure most of newbies did their own research first but the fact that they don't have a trading experience is still a big risk factor that they would lose a certain amount of money. Trading is not that easy as you may think, even the best best trader losses sometimes, there are no exceptions.

And what the OP said is all true.

Newbies are desperate when it comes to earning a quick money and a result that would lead them to losing their investment in the future.

[Hypnosis00]

Beginner always forget to do their own research on a particular coin. They try to trade their emotions first which is very risky and with time they get frustrated. Beginners also think that the crypto space is a get rich quick scheme and this leads to impatience and this always attracts a very big trading error and in turn money is lost .

The reason why is that, they can’t control their emotions yet and they listed to FUD and HYPE that’s why many are losing money, and I see this one as a normal scenario for every beginners. More importantly, they learned from these mistakes and hopefully they work hard to learn things about trading, it takes a lot of practice and hard work because trading is not easy at all and you money at stake here.

Maybe they will but for sure, many of them just give up.
Trading needs courage and motivation if we wanted to reach our goal, no matter how many times we lose but still, we are able to stand and face the consequences for our mistakes. Being new in trading doesn't mean we can all make it right, as all had to experience losses. It becomes usual but if we don't accept and understand this thing, then I think there is no reason to stay in trading.

[Wind_FURY]

Another mistake that should be added in the OP is, there are short term/medium term cycles in the market that a pleb-trader should do NOTHING. This was my problem before my HODLing days. I always wanted to have a trade opened.

[Ararbermas]

There's a lot of mistakes when it comes beginners, wherein making mistakes decisions because of emotions and because of being greedy reason sometimes they missed the big opportunity. Actually these was base on my experience and i know all of the beginners experienced such mistakes as well.. For me the best way to avoid mistakes, is to educate more our self because on that way we can really tell that everything will gonna be alright, unlike being lack of knowledge while trading because it can cause losses always.. Being smart is a big advantage.. So don't rely what you have right now wherein keep searching for new information that can help you to solve the problem in trading if you really care in your money..

[irsykes]

`snip

To be a note, newbie or not always make sure we are ready for trading, in physic or mental. Don't let our emotion take control in trading and we do something reckless. Because any strategy or maybe analysis wouldn't help if our emotion already get break down, we can take wrong decision and it can cause us to more suffer than losses.

[death69]

OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.

I agree. Most of newbies believe they can easily be rich when start to trade, either in cryptocurrency or Forex or any type of asset. And even the wisest person can misjudge his current position. There are a lot of newbie trader but there are only a few professional traders (more than 3 years of experience) because they cant stand seeing themselves throwing money out of a window lol

[ipanks]

`snip

To be a note, newbie or not always make sure we are ready for trading, in physic or mental. Don't let our emotion take control in trading and we do something reckless. Because any strategy or maybe analysis wouldn't help if our emotion already get break down, we can take wrong decision and it can cause us to more suffer than losses.

At the first time, the new trader can have control their emotion. But after they trade for some time, they lose their money in trading and make them sad. That can make them curious and want to chase their losses by analysing the other coins but some of them decide to leave the market.

Fear and greed will be part of this, especially for traders who do not control themselves. They should quit as soon as possible if this happens to them and not trying to continue trading if they can not calm down.

[MIner1448]

- Trading futures too early: Beginners make this mistake frequently, and I made it myself. When trading futures, the risk is always high, and the reward is also high, so most newbies focus on the high reward and ignore the high risk and some might not even about the risk because they don't really know much about future trading. I feel that before you begin future trading, you should have mastered spot trading, else you risk losing money without earning any profit, or your loss could be more than your profit.

On this I just lost at the beginning of my journey, initially I traded on the spot, but this was not enough for me, I watched enough videos of people raising money on futures, after that I started watching videos on the mechanics of trading and I thought that this was for me it will be enough, I entered the first trade with x5 leverage and raised it immediately, entered in chickens, increased the leverage to x10 and futures ate my entire deposit in an instant. After that, I do not go to futures until now ... I generally wanted to leave the crypt, but still found the strength to go further.

[bittraffic]

Even after years of trading actually I have not done any diary for all the trades I have been doing. If I have to look back I guess I can just check my trading history in the pairs I have been trading.

No target prce too for me because I constantly watch the price and chart that I execute whenever I see in real time. When the price is oversold or have botttomed, this is the only time I do trade. I dont see it as mistake.

[haidil]

Since we've been beginners for a long time, it's not necessarily true that we can't escape trading mistakes. Nowadays we make more mistakes by not engaging in day trading anymore. It is for this reason that many things we find and prefer to be long term holders. So that you don't have to be mentally stressed every day.

[Mpamaegbu]

From my experience and from the research have done I believe some of this reasons might be among why newbies always lose in Cryptocurrency.

- Not having a target when trading: ...

- Entering many trades at once: ...

- Not using stop lose: ...

Those ones aren't even beginners specifics to tell you the truth. Veteran traders who are greedy and have that mindset of, "I can't lose trades" also have that mindset. A lot of traders believe that since the market is an UP and DOWN movement type of thing, whenever it goes against them that it would revert. By doing so they tend to incur more losses. Stop Loss (SL) is the best technique to guard against irreparable loss and save one the headache of constantly checking and rechecking charts.

Talking about keeping trading diaries, I don't like doing it. It's cumbersome and a waste time for me. I can note tokens to buy but once I'm done buying I don't take record of what price I bought or sold. But that isn't to say I don't make a mental note of what level I bought. In all this, I make sure not to sell below cost price even without keeping any diary on my trades.

[AakZaki]

~snip~

Buy as much bitcoin as you can without hurting your finances, and if it falls more then buy some more, keep buying more when the price is dropping. It is obvious that when the drop stops, it will not continue to go down and the only direction is higher to our profit and that's how I made my profit. So, if you see bitcoin price crashing, do not be sad, be happy, most newbies are sad to see it go down.

Maybe your money is unlimited so you can afford to make purchases when it goes down and down again. But not all traders are like you, let alone a beginner.

It is natural for a beginner to make mistakes, because they are still in the learning stage. I've been trading for almost 7 years but sometimes I also have mistakes. I just continue to minimize mistakes by continuing to learn to do analysis. In addition, psychology determines that you will become a great trader if you are able to have fundamental technical analysis followed by good emotional management.

[SquallLeonhart]

There's a lot of mistakes when it comes beginners, wherein making mistakes decisions because of emotions and because of being greedy reason sometimes they missed the big opportunity. Actually these was base on my experience and i know all of the beginners experienced such mistakes as well.. For me the best way to avoid mistakes, is to educate more our self because on that way we can really tell that everything will gonna be alright, unlike being lack of knowledge while trading because it can cause losses always.. Being smart is a big advantage.. So don't rely what you have right now wherein keep searching for new information that can help you to solve the problem in trading if you really care in your money..

None of those things are because someone is a newbie, that happens with veterans as well. Depends on the level, I have seen newbies who know more about finance then many year veterans, and seen veterans who are still not good at trading compared to newbies, it is a bit about someone's understanding of finance world as well. I have been here for so many years and I still do make mistakes you named time to time.

Greed is in human nature and ignoring that is not something some people can do for example. However, great thing about crypto is that if you are greedy in crypto, you are still playing the same game and you will not be given any special help, unlike in fiat world where greedy bankers can either make money or get bailed so no loss for them.

[fullhdpixel]

The points what you had provided in the op about newbies mistakes are totally right. And even after 4-5 years experience in crypto world still I am doing few mistakes. Basically the opening few trades one time and taking decision too early . You can say newbie in this case. Lol

I think the panic and greed of become reach overnight are also two reasons of making mistakes in trade by newbies.

I think you meant rich

Most of the traders who are new to trading enter the market assuming that they will crack the market and make millions within days. It's similar to how a gambler feels when he gets some money, he aspires of cleaning the casino but ends up digging a hole.

Keeping realistic goals, faith in your assets and decisions is usually not considered by most traders. if you buy a coin and I suggest Bitcoin for the long term, then keep the faith and let the coin recover if it falls down.

If you get emotional surely you are trading with more funds than you should be trading with.

[sujonali1819]

I think you meant rich

Ah yeah, it was a typo and already fixed. Thank you for notifying.

Most of the traders who are new to trading enter the market assuming that they will crack the market and make millions within days. It's similar to how a gambler feels when he gets some money, he aspires of cleaning the casino but ends up digging a hole.

Yeah this is the main problem for the newbies is assuming that they are invested some money in crypto means there is no way to stop them to become Millionaire. But they don't know how hard to understand crypto market.

The funny word I have heard about cyrpto market that
"It’s very hard to understand the crypto market than understanding a girl mind" lol

[haidil]

It is natural for a beginner to make mistakes, because they are still in the learning stage. I've been trading for almost 7 years but sometimes I also have mistakes. I just continue to minimize mistakes by continuing to learn to do analysis. In addition, psychology determines that you will become a great trader if you are able to have fundamental technical analysis followed by good emotional management.

We learn from our mistakes, and the point is that as long as we have confidence in the crypto asset being traded, then we cannot rule out a profit. Doesn't that also include applying positive psychology to what we trade. Our trading is responsible for what we choose, so we will learn from all the points you make.

[otundebis]

Most of the mistakes mentioned is not limited to beginners alone,  those who have been trading Cryptocurrency for years also fall into the same mistakes!  I think mistakes are meant to be made so we can learn and grow in our knowledge of how trading Cryptocurrency works!  We should not be discouraged when we make these mistakes over and over again,  what is important is the learning!  As soon as you have learnt and mastered the lessons that came with our experience,  then  we stop making these mistakes!

[Wind_FURY]

The current market situation is the best illustration of when NOT TO DO ANYTHING! Don’t check the price, don’t look at the chart, it’s time to sit on your hands! Be in control of your emotions NOW! But if you’re HODLing a shitcoin, I can’t do anything for you. Hahaha.

[justdimin]

Entering many trades at once

This mistake is really dominant among traders who are losing money. In greed for making more money, we sometimes trade assets that we haven't analyzed properly. Sometimes it might be purely based on the hype on social media while sometimes it may be just the emotional feeling for a project.

I am not sure whether not using a stop-loss is a mistake though. When BTC crashed some months back, someone who had a stop-loss setup would have faced massive loss but when you don't use stop-loss, you give yourself a chance for recovery. But, not every coin can recover so I mean if you are trading new or unknown altcoins, then maybe stop-loss is crucial.

[Taskford]

Most of the mistakes mentioned is not limited to beginners alone,  those who have been trading Cryptocurrency for years also fall into the same mistakes!  I think mistakes are meant to be made so we can learn and grow in our knowledge of how trading Cryptocurrency works!  We should not be discouraged when we make these mistakes over and over again,  what is important is the learning!  As soon as you have learnt and mastered the lessons that came with our experience,  then  we stop making these mistakes!

Even experiencr trader miss to retain their self then get panic on some movements of the market thats why we see many crying about losing their money for certain dumped happen in the market. It takes a lot of year to master this things so to avoid getting panic better trade the amount what you can afford to lose and don't put your last money in crypto since for sure once bear market season occur then you can sit around wait for another pump if the money you use is just a extra amount where you can afford to lose.

[carrigan]

Mistakes made by beginners when trading often occur, maybe because they are also not used to and do not master market strategies. Especially with unstable market conditions, it will definitely make them swayed and confused when to buy and sell. If the decisions they take are just random without doing any analysis first, they will usually be trapped and suffer losses. In addition, beginners are also less able to control their emotions even though trading is a race against time which can drain extra super patience. And lastly, there are many beginners who don't understand stop losing, so they ignore it even though it is very necessary just in case.

[Shasha80]

Mistakes made by beginners when trading often occur, maybe because they are also not used to and do not master market strategies. Especially with unstable market conditions, it will definitely make them swayed and confused when to buy and sell. If the decisions they take are just random without doing any analysis first, they will usually be trapped and suffer losses. In addition, beginners are also less able to control their emotions even though trading is a race against time which can drain extra super patience. And lastly, there are many beginners who don't understand stop losing, so they ignore it even though it is very necessary just in case.

Actually beginners often make mistakes is a natural thing, but what is scary is that beginners repeat their mistakes over and over. In fact, to become
a successful trader, must be able to correct the mistakes that have been made, so that the same mistakes will not be made again. You have mentioned
all the trading mistakes that beginners often make, so there must be a strong desire to fix them. That's why it's important to learn a lot for beginners,
so they know what to do and what to avoid when trading. The problem is that many beginners are lazy to learn about trading first, they think
trading is easy and can generate profits instantly. So it is not surprising that there are articles that say the number of beginners who lose when
trading crypto is very large.

[RealMalatesta]

Trading pump and dump coins: There are a lot of coins out there now that are mostly pump and dump. You should always avoid pump and dump coins when trading. If you're trading, make sure you're exchanging high-volume coins and stay away from low-volume coins.

If a beginner is really going to try to make use of pump and dump coins as a way to earn,then they are really taking a huge risk. They don’t know anything about the market yet and are likely going to be the ones that will have the coins being dumped on them. It is very important that when they are starting newly they should start with a good coin and not just any coin they see in the market which is very bad.

As for analysis, not every beginner knows how to do analysis, majority of them don’t know how this works. In cases where they don’t know how to do it, it’s best to learn it or rely on a friend that is well experienced. I wouldn’t advise them to be paying some random groups and all that, since most times those groups fail them.

[Rana590]

Newbies make a lot of mistake but wishing for high profit in a single day is the best one. We shouldn't try to make huge profit in a single day. We need to choice best trading pair and generate a minimum amount of money daily. It will help us to see the progress of our trading.

[el kaka22]

Maybe your money is unlimited so you can afford to make purchases when it goes down and down again. But not all traders are like you, let alone a beginner.

It is natural for a beginner to make mistakes, because they are still in the learning stage. I've been trading for almost 7 years but sometimes I also have mistakes. I just continue to minimize mistakes by continuing to learn to do analysis. In addition, psychology determines that you will become a great trader if you are able to have fundamental technical analysis followed by good emotional management.

You do not have to keep buying every time it goes down, but you could do that some time to time right? I mean nobody says have unlimited amount of money, for example if you have 100 bucks then you should not have big hopes from bitcoin since even at x10 from this price that is only 1k and that is not a much amount.

However, if you have 100$ and doing something in BSC or another cheap fee place, then you could do like buy with 50 bucks, then keep on buying whenever it drops with 10 bucks, meaning you could handle 5 big drops like these, because you have 50 bucks left after the initial 50 bucks purchasing and it takes 5 times with 10 dollar each additional buying. So, as you can see even if you are a 100 dollars investor, you could still do what I said. Doesn't require you to have unlimited funds at all, can be done with anything above 100 bucks very easily.

[BruceLee98]

Common Mistakes To Avoid While Trading
Avoiding Stop Orders.Failing To Cut Losses.
Making Trades With Bad Risk/Reward Ratio.
Taking Positions Of Uncomfortable Size.
Excessive Focus On News.
Ignoring News.
Changing Trading Strategies.
Making Trades For Fun.
They also make the mistake of trading their emotions in the crypto space.

[Silberman]

OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.

This is that simple, the truth is that newbies have a completely mistaken idea of what is the market, it seems they think that just by trading the markets money is going to begin to appear on their accounts, while the truth is that each extra dollar that you see in your account is a dollar that was in the account of another trader and that you earned by being better than them, so if a newbie traders wants to make money then they need to be more capable than half of the traders out there and most of the time this is not the case.

[Distinctin]

We can't avoid these things and I don't think we have to be afraid about this coz for me this could help us of getting better by correcting those mistakes we commit. I'd found this as a part of the learning process and I don't think that someone had ever experience but probably we all did the same. 
-emotions
-analysis
-knowledge

all of these things have a huge impact on why we usually got these mistakes. I think this is what we have to focus on and need to improve.

[Hippocrypto]

Newbies make a lot of mistake but wishing for high profit in a single day is the best one. We shouldn't try to make huge profit in a single day. We need to choice best trading pair and generate a minimum amount of money daily. It will help us to see the progress of our trading.

Indeed, choosing those good trading market will definitely give us hope in order to gain good outcome on our profit. However, commiting mistakes is really unavoidable when you're a newbie so we must learn from every errors we had. To prevent reoccurring problems, don't ignore those certain circumstances that leads us to bad situation. Keep your eyes closer and be careful in you every moves towards trading.

[Sasdy]

You can always treat certain circumstances wisely and be able to analyze it, this will give you the opportunity to move forward and develop.

[bakasabo]

I think that the biggest mistake beginners make is tying to catch a riding train. They usually buy altcoins or bitcoin after a long hesitation, they buy cryptocurrency that is on hype or by following their rule "everyone buys it and I must do the same. everyone cant be wrong". Less important, but still a common mistake - doing something without a strict plan. Under the pressure of emotions, beginners perform trades. That is totally wrong.

[haidil]

Newbies make a lot of mistake but wishing for high profit in a single day is the best one. We shouldn't try to make huge profit in a single day. We need to choice best trading pair and generate a minimum amount of money daily. It will help us to see the progress of our trading.

Indeed, choosing those good trading market will definitely give us hope in order to gain good outcome on our profit. However, commiting mistakes is really unavoidable when you're a newbie so we must learn from every errors we had. To prevent reoccurring problems, don't ignore those certain circumstances that leads us to bad situation. Keep your eyes closer and be careful in you every moves towards trading.

So in the exchange there are always trading options available, one of which is Binance providing classic trading as well as special trading for professionals. That way the suitability of beginners can be overcome by choosing a trading method that suits their abilities. But that doesn't mean it can avoid losses, because after all the trading portion will return to someone's skill in trading.

[fullhdpixel]

Not doing analysis: Many people, especially newbies, have lost a lot of money in trading due to their inability to analyze the coin they are about to trade. You should know a lot about the coin and have done a lot of research on it, including all-time highs and lows, total supply, trading volume, and what the coin is used for, among other things. So, before buying a coin, do your research. Don't just jump into a trade without knowing anything about the coin.

Not doing analysis is a common thing with a lot of traders these days, a lot of them we place a trade and they won't do analysis to know whether it's going to be right or wrong. Yes, I do know that doing analysis won’t give you 100% of the answer that you are looking for, Bradley, she will get to know what’s likely to happen and what's not. So, it is very important to make use of both technical and fundamental analysis as a trader. And then if you don’t know what you are doing is best to avoid pump and dump coins, unless you're really sure that you know what you are doing. I’ve seen a lot of people who unlucky with all those pump and dumps and end up losing a lot of money from it.

[skarais]

I think that the biggest mistake beginners make is tying to catch a riding train. They usually buy altcoins or bitcoin after a long hesitation, they buy cryptocurrency that is on hype or by following their rule "everyone buys it and I must do the same. everyone cant be wrong". Less important, but still a common mistake - doing something without a strict plan. Under the pressure of emotions, beginners perform trades. That is totally wrong.

Trading is very different from investing. If a beginner wants to trade crypto, then they should really prepare themselves well to deal with price fluctuations in the market without getting carried away by emotions and being influenced by FOMO and others. Emotions are really a common reason why traders lose control when they want to buy and sell and it's not just experienced by beginners as every swordsman will probably experience it too. Emotions, greed, not having enough knowledge are some of the reasons that cause beginners to make mistakes in trading. I also think of some other mistakes like how they secure the assets they buy.

[finaleshot2016]

I think that the biggest mistake beginners make is tying to catch a riding train. They usually buy altcoins or bitcoin after a long hesitation, they buy cryptocurrency that is on hype or by following their rule "everyone buys it and I must do the same. everyone cant be wrong". Less important, but still a common mistake - doing something without a strict plan. Under the pressure of emotions, beginners perform trades. That is totally wrong.

We call it fomo'd in here.

FOMO stands for fear of missing out, and people are getting fomo'd in the market and trying to buy even though it isn't the right time to buy, which is a common mistake made by many beginners. They mistakenly believe that purchasing cryptocurrency simply because it is trendy will result in a quick profit, but they are mistaken; they have placed their money in a difficult situation. That's why we should always DYOR especially if we're just beginners, don't believe in others just because they've done it, make sure to do your research first.

[maju69]

I think a better post to talk about because every trader can learn from its mistakes and the traders who are newbies didn't made a mistake since now then they didn't know about trading really well. But the most important thing for newbie i would suggest is that they should not lose their patience and that is it.

Well you are right beginners can learn from mistakes, but not all beginners realize what they are doing in a hurry as if they don't want to lose profits as they have traded before. That thought becomes a kind of shadow and target that beginners should follow. That's the selfishness of some beginners. Our task when it is longer, can give them a kind of warning that trading is different from real trading in stores. With all the risks, it must be really understood.

[Lanatsa]

I think a better post to talk about because every trader can learn from its mistakes and the traders who are newbies didn't made a mistake since now then they didn't know about trading really well. But the most important thing for newbie i would suggest is that they should not lose their patience and that is it.

Well you are right beginners can learn from mistakes, but not all beginners realize what they are doing in a hurry as if they don't want to lose profits as they have traded before. That thought becomes a kind of shadow and target that beginners should follow. That's the selfishness of some beginners. Our task when it is longer, can give them a kind of warning that trading is different from real trading in stores. With all the risks, it must be really understood.

Some do learn and some do stick out on the same mistakes committing again and again which is really dumb to think off.We do all start on being a noob and not a pro which means mistakes are really that

normal but there are people who cant just accept mistakes and pursue on things on what they do have in mind which it do results in further more losses.

Common reason of such mistake due to lack of knowledge and also mainly talks about greediness and high expectation on making money too easily.

[tvplus006]

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

[Hamphser]

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

FOMO is also a reason on where they dont really like to simply miss out the train and they havent considered on buying up while its still cheap or in deep reds but only into those times where it is really mooning.Common

newbie mistake on where they do believe that easy money does exist or possible on this market but as mentioned above that you would really need to work hard and work smart for you to achieve bigger profits.
Somehow committing mistakes could give out some lesson which makes you a better investor or trader later on.

[Hypnosis00]

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

FOMO is also a reason on where they dont really like to simply miss out the train and they havent considered on buying up while its still cheap or in deep reds but only into those times where it is really mooning.Common

newbie mistake on where they do believe that easy money does exist or possible on this market but as mentioned above that you would really need to work hard and work smart for you to achieve bigger profits.
Somehow committing mistakes could give out some lesson which makes you a better investor or trader later on.

I can't blame them for being aggressive as they still don't know how the market really works. But what I think is a need for them to experience the hard times for the sake to gain more experience and to clearly visualize how the market moved. If they couldn't experience this thing, then they will keep in mind that trading is very easy and less risky.

Trading is totally hard to get perfected, even experts can't do it. Newbies? Beginners? They'll surely have this experience before they understand how trading works.

[sherenikaw]

There are several important points in trading so that you can get a profit. if we have learned correctly and traded correctly then we will get the results. it is true what is said that for a novice trader or old player we must remain careful and do not get carried away with the market, we know that the crypto market is up and down and we must be able to learn to understand it well. Don't be afraid of one failure in trading and use it as a lesson in the future so that you can become more proficient.

[ultrloa]

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

FOMO is also a reason on where they dont really like to simply miss out the train and they havent considered on buying up while its still cheap or in deep reds but only into those times where it is really mooning.Common

newbie mistake on where they do believe that easy money does exist or possible on this market but as mentioned above that you would really need to work hard and work smart for you to achieve bigger profits.
Somehow committing mistakes could give out some lesson which makes you a better investor or trader later on.

I can't blame them for being aggressive as they still don't know how the market really works. But what I think is a need for them to experience the hard times for the sake to gain more experience and to clearly visualize how the market moved. If they couldn't experience this thing, then they will keep in mind that trading is very easy and less risky.

Trading is totally hard to get perfected, even experts can't do it. Newbies? Beginners? They'll surely have this experience before they understand how trading works.

And they always think about getting more profits when they do hold since sometimes the project they follow always been hyping up by their supporters to hold so that they can get get rich or have a lambo on future that's why many got stuck bag holding those shit tokens and that's a bad move mostly happen to all newbies. That's why if we experience that we should keep in mind that holding is only best for top alts and if we are dealing with new better sell it if there's a chance to earn so that we can secure our profits.

[Silberman]

I think that the biggest mistake beginners make is tying to catch a riding train. They usually buy altcoins or bitcoin after a long hesitation, they buy cryptocurrency that is on hype or by following their rule "everyone buys it and I must do the same. everyone cant be wrong". Less important, but still a common mistake - doing something without a strict plan. Under the pressure of emotions, beginners perform trades. That is totally wrong.

This is critical, success is planned, many people do not understand this as they see those that have achieved success and they think they got there because of luck, connections or money and they think they will never be able to achieve the same, but the real reason is that those that get to the top do so because that is what they wanted and they did everything they could to get there and they devised strategies for this to happen, and the same it true when it comes to trading, you cannot just make trades, you need a plan for each trade and if you do not have it then the market will decide one for you, which in most instances it runs contrary to what you actually want.

[Quidat]

Many novice traders are afraid to buy coins when their price has fallen significantly, as they expect further price declines. And when the price of coins begins to rise, they start thinking about buying, but they buy only when the price has reached a local maximum, after which a correction follows. It is necessary to learn to remain calm when a dump occurs on the market, but it takes time and practice to develop this quality.

FOMO is also a reason on where they dont really like to simply miss out the train and they havent considered on buying up while its still cheap or in deep reds but only into those times where it is really mooning.Common

newbie mistake on where they do believe that easy money does exist or possible on this market but as mentioned above that you would really need to work hard and work smart for you to achieve bigger profits.
Somehow committing mistakes could give out some lesson which makes you a better investor or trader later on.

I can't blame them for being aggressive as they still don't know how the market really works. But what I think is a need for them to experience the hard times for the sake to gain more experience and to clearly visualize how the market moved. If they couldn't experience this thing, then they will keep in mind that trading is very easy and less risky.

Trading is totally hard to get perfected, even experts can't do it. Newbies? Beginners? They'll surely have this experience before they understand how trading works.

And they always think about getting more profits when they do hold since sometimes the project they follow always been hyping up by their supporters to hold so that they can get get rich or have a lambo on future that's why many got stuck bag holding those shit tokens and that's a bad move mostly happen to all newbies. That's why if we experience that we should keep in mind that holding is only best for top alts and if we are dealing with new better sell it if there's a chance to earn so that we can secure our profits.

If you are a noob which doesnt really get easily hooked up by someones suggestion or really going into those things which do really look for you to earn money on fastest way then you are really
making yourself get proned on getting scammed or ending up on holding lots of shitcoins on your bag.This is something a very common scenario or event on where people do really experience
it first whenever they do touched up this market. Making money is hard and dont think that trading is something a very basic buy and sell because it isnt really simple as it sounds.

[boyptc]

There are several important points in trading so that you can get a profit. if we have learned correctly and traded correctly then we will get the results. it is true what is said that for a novice trader or old player we must remain careful and do not get carried away with the market, we know that the crypto market is up and down and we must be able to learn to understand it well. Don't be afraid of one failure in trading and use it as a lesson in the future so that you can become more proficient.

Everyone has to be careful with their trades. It's not just newbies that are making a mistake but it is everyone even the old traders. And in fact, as they trader, there are more of them that are losing rather than making a profit.

That's why in every way, old or new, always be careful and learn more about your trades before locking that order.

[olib123]

Not only newbies do mistake sometimes experienced person do after all we are human. Mistake is not bad thing you can take knowledge and experience from your mistake . But the topic is what the mistake newbies do so i think when I was a newbie or I also saw some newbies that they have a greedy plans, impatience, panic, don't have strategies and plans, and the most important they lack the will power of knowledge about Bitcoin works.

[traderethereum]

Not only newbies do mistake sometimes experienced person do after all we are human. Mistake is not bad thing you can take knowledge and experience from your mistake . But the topic is what the mistake newbies do so i think when I was a newbie or I also saw some newbies that they have a greedy plans, impatience, panic, don't have strategies and plans, and the most important they lack the will power of knowledge about Bitcoin works.

All of us making a mistake related to trading but the difference is how we can realize the mistake and learn how to avoid the mistake although we can make another mistake in the future.
But as long as we can keep learning from mistakes, that can help us to grow and can improve our skills in trading so we will have more experience to prevent or minimize the impact from the mistake.
All professional traders start as a newbie and when they want to learn from other people, especially learning from their mistakes, that will help them to have a better analysis.
Greedy, impatience, panic, just follow other suggestions is something that is always behind us but if we can manage all of that, I am sure that we do not have to worry.

[nurilham]

basically, there are Riska in trading and our obligation is to avoid these risks. therefore it is important before trading then learn and understand trading well first. we do not have to rush with the results because it can be likened to us new people who are trying. the most important thing is to stay alert and don't be in a hurry to act so we can handle assets well. The mistakes can happen anytime and anywhere, don't be easily provoked by situations that make us rush and greedy.

[LUCKMCFLY]

One of the most common mistakes that few recognize or say is when the entire strategy is correct, and when the objective is met, the order is not executed, either "Stop Loss" and "Take Profit", this is very common. when the tools that the exchange has is not known or is not handled well, and sometimes by not knowing how to use these tools, money is lost.

Many recommend before trading, go to the platform where the negotiations will be made, and be able to make some trades with play money, usually nobody follows these tips, they just want to enter and trade and feel the adrenaline that you are in the market, sometimes by hurrying you lose money, and by something as basic as knowing how the stop loss, stop limit, stop market works well, and even for taking profits.

[Fredomago]

One of the most common mistakes that few recognize or say is when the entire strategy is correct, and when the objective is met, the order is not executed, either "Stop Loss" and "Take Profit", this is very common. when the tools that the exchange has is not known or is not handled well, and sometimes by not knowing how to use these tools, money is lost.

Many recommend before trading, go to the platform where the negotiations will be made, and be able to make some trades with play money, usually nobody follows these tips, they just want to enter and trade and feel the adrenaline that you are in the market, sometimes by hurrying you lose money, and by something as basic as knowing how the stop loss, stop limit, stop market works well, and even for taking profits.

Adrenaline or the hypes that lead you to the market, by influenced or by anything that quickly jump in without any concrete or proper education with this venue of business. A very big mistake indeed. You are a hard earned money that can be burned in just a split of your eyes, many traders who failed doing research are the one who mostly victimized by this kind of failures.

In any business, without knowledge and the right sets of tools, it will lead you to keep losing your money. Never to think that luck may be there for you if you invest much earlier.

Focus on deeper knowledge, with the right practices and with skills that you've learned from doing your research. The chance is far better
than those who rush things up.

[B-Bit]

Beginners will be anxious to enter the market without understanding the market, easily following the ideas of others, and without their own thinking. Easy to be deceived by others. Will panic sell the coins in their hands because of the decline in the market,

[Hobo66]

As you all know that for trading, understanding of trading is major component for getting success in crypto. The beginners often have no knowledge and no expertise of trading. They don't even know about trading and start trading without any previous experience of trading. So they lose money because of these mistakes. Before trading, the beginners must have some plans and know about the master plans  of the project.

[doremonchina]

on my point of view some major reason and major mistake done by beginners is that he is trading without any proper plan this is the main mistakes by newbie becouse the market is changing there position if you can trading with your proper plan then you can stop your loss.
and the next mistake make that newbie didnt not make stop order becouse the biginners think that he making good profit but market crush and he is losing her assets
newbie not focus on news this is the reason of here loss if he focus on any kind of news about coin then he never be in loss. when newbie in loss they gating emotional while trading.
some people thinking that trading is fun and he come for enjoyment but not trading is not a fun its serious platform

[ZaraCB]

I would like to mention one more point that is too much greed.  Many times they do not accept small profits in the hope of making more profits. As a result, they are losing money when the price drops. Traders must know when to take their profit.

[TelolettOm]

....

Those are what most newbies doing and actually, I also exercised most of them. Trading is not an easy thing but something we make too easy and underestimate is trading.
Not doing analysis, Trading hype coins with high pump and dump are the most common things done by many newbies. And they commonly will lose their money so easily.
And about Trading futures too early, yes, they are also the same. Sometimes, they only follow other people who can earn much money easily from future trading. But, they don't realize or consider that trading futures are very very risky. It will take high risks. It may get you a lot of money but it may also take your money very quickly. and your money will be lost due to trading futures easily.

And once more, they are only following the hype and they are more emotional, too panicked with the recent market situation happening. So, they will cut losses very quickly after dumping without doing any analysis at first.
And they commonly also will buy the coins when the price is in the top high after it spump. 

[chanler]

actually it's not a bad thing to make mistakes, especially for beginners, because I've felt the same way and felt depressed at the time. but I thought that there was no point in getting lost in sorrow and finally decided to get up again. there are some important points that must be avoided in trading as written above and they do need to be learned. trading is not just selling or buying coins but we must be able to find our own art and groove in it, don't forget to continue to deepen knowledge too because it is important. Be careful because sometimes we can get carried away with emotions with this up and down crypto market.

[bitgolden]

From my experience and from the research have done I believe some of this reasons might be among why newbies always lose in Cryptocurrency.

- Not doing analysis: Many people, especially newbies, have lost a lot of money in trading due to their inability to analyze the coin they are about to trade. You should know a lot about the coin and have done a lot of research on it, including all-time highs and lows, total supply, trading volume, and what the coin is used for, among other things. So, before buying a coin, do your research. Don't just jump into a trade without knowing anything about the coin.

If you're not doing any of technical analysis for your trading purposes then you are not into trading anymore but you're simply gambling with your capital but in the environment of crypto trading. Yeah, in my opinion your  technical analysis must be the biggest a criteria which is differentiating your trading from gambling. But, I believe most of the beginners of trading are getting into technical things but over the time they start ignoring it because they are finding is less effective for their way of trading.

After not getting into analysis, I guess another common mistake, most traders are doing is, not exiting at stop-loss. When you are not into analysis then obviously you will not have stop-loss level to exit still you must exit after some affordable losses so that all your capital may not get wiped out within one single trade.

[Wind_FURY]

I believe, currently, it’s a time to do NOTHING. Many times, I have seen plebs like me buy during a strong dip to “time” the market. This is NOT a wise method of buying the dip. It’s called catching a falling knife. Do NOTHING, and WAIT/be PATIENT.

[Rigon]

In fact, in the market, but the profit is new to those who come and lose two and a half. The reason they lose is because they can't do any analysis about the market. They start training without following any signal. As a result they lose a lot of their capital.

[dimonstration]

I would like to mention one more point that is too much greed.  Many times they do not accept small profits in the hope of making more profits. As a result, they are losing money when the price drops. Traders must know when to take their profit.

Lack of knowledge leads to loses, most of the traders that dont have enough knowledge on how to read charts, how to use trading tools loses a lot, some were able to earn thru lick or when the market is simply in a good condition or pump they will tend to be greedy and thinks they did well on it. Trading is a continuous study on how the market will hrow and evolve we need to be knowledgeable enough to maintain the profit.

[riso2015]

Thank you for summarizing everything. What you have summarized above is true, these factors often affect more or less failure in trading, not even just a beginner. Perhaps what is often faced by a beginner is not analyzing or having difficulty analyzing because of the lack of knowledge and information he gets.

[carlfebz2]

Thank you for summarizing everything. What you have summarized above is true, these factors often affect more or less failure in trading, not even just a beginner. Perhaps what is often faced by a beginner is not analyzing or having difficulty analyzing because of the lack of knowledge and information he gets.

This is where experience is a must because some learning or things arent just enough to where you do get from textbooks or context or any other literature or pdf's about tutorials or something in related.

Of course when you dont have sufficient knowledge then you wouldnt really be ending up on having a good result because trading is something that do involves lots of trial and error and cant really

be just done easily or overnight.We do all start on being a noob and those kind of mistakes were just normal but as we do progress by we do really make ourselves even way more better.

[Patigi]

Many beginners are always want to make it big shortly and trading is not like that,most of them just like trading some pumping altcoin without getting full information about the altcoin they want trading And  this type of coins can also dump easily because some are pump by teams.
Some beginners believe in trading only one altcoin with hug capital because they want to make it very faster and trading is a gradually process. The more you trade the more your understanding in increase, so don't rush in terms of making profit

[JunkieMiner]

As a fledgling forex dealer you are probably going to submit a few exchanging botches as you start your exchanging profession.
Botches in exchanging can be effectively kept away from assuming one has the fitting data on the most proficient method to move toward the business sectors.
Numerous fledgling forex dealers charge max speed into the forex market with huge thoughts and high-benefit assumptions however before long discover that bringing in cash reliably isn't so natural as they anticipated.

[doremonchina]

Subsequently I need to take you through probably the greatest and most normal exchanging botches brokers frequently cause Underestimating the stuff to be a productive forex dealer is a typical mix-up now, despite the fact that it tends to be massively remunerating Trading is likewise very difficult. The best brokers out there are the ones who resolved to take the necessary steps to turn into a triumph.
That implies learning at each possibility or learning new exchanging techniques request to prepare however much as could reasonably be expected what the market might toss their direction.

[Munir575]

The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.

[livingfree]

The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.

Avoid being greedy.

It will not do you good and have the attitude of contentment.

That attitude will save you in times that you're feeling greedy. Because if you're having that setback of emotion, that will make you realize that you have to take your profit.

[Sled]

The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.

Avoid being greedy.

It will not do you good and have the attitude of contentment.

That attitude will save you in times that you're feeling greedy. Because if you're having that setback of emotion, that will make you realize that you have to take your profit.

Well, I'd sometimes feel being greedy too but I know when and I know the limitations. If I have the opportunity to earn more from trading, I do have not to lose it.

But for newbies, they make themselves out of control, they are getting more emotional when seeing such opportunity and that was the beginning. If they just know how to control their emotions, that was not a problem anymore, however, it won't.

[Riodarvg]

New traders who do not correctly master the crypto market trading strategy are prone to make wrong transactions due to the influence of greed and panic, causing economic losses. Before trading, you must first understand the market and formulate a trading strategy, and be able to stop losses in time to reduce risk losses.

[Fakhrulenclix]

Beginners need more education before jumping into trading. Moreover, they do not use financial management in dealing with risks. Beginners often cannot control their emotions when faced with a loss. As you said the revenge mission they will do. actually, They should be more careful and use better strategies to open new trades.

[checkmatesir]

If a person does not have own thoughts and experience regarding trading then it is hard to get success. Actually the person who for the first time involves in trading generally get agree with the fake news and does not investigate about that thing. So concentrate on fake news may be great cause and big mistake that the newbies do in trading. They even do not wait for the value of coin to rise and immediately sell it for low price so in this way they also lose money as it is not good thing.

[aryana42]

yes, what you say is very true. however, beginners have basically no experience because they are just starting out in trading. so beginners must have instructors who are able to provide good education. The key for beginners is to be able to control their emotions, especially when a loss occurs they take steps to make a revenge trade. this is very problematic with their trade management.

[livingfree]

The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.

Avoid being greedy.

It will not do you good and have the attitude of contentment.

That attitude will save you in times that you're feeling greedy. Because if you're having that setback of emotion, that will make you realize that you have to take your profit.

Well, I'd sometimes feel being greedy too but I know when and I know the limitations. If I have the opportunity to earn more from trading, I do have not to lose it.

But for newbies, they make themselves out of control, they are getting more emotional when seeing such opportunity and that was the beginning. If they just know how to control their emotions, that was not a problem anymore, however, it won't.

That mistake isn't just for newbies.

Even with experience, people would come out being greedy and they tend to lose.

Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.

[Pasa32]

Another newbie mistake is they think trading as gambling and keep all things to luck. They even don't think that trading works on strategy there is no anything related to luck. They think that they can find a token like shib and give them 100x.

[jaberwock]

Another newbie mistake is they think trading as gambling and keep all things to luck. They even don't think that trading works on strategy there is no anything related to luck. They think that they can find a token like shib and give them 100x.

This is not just a beginner's mistake because I have seen even experienced traders are making trades just by believing into their guts and luck factor. When they are making profits from 1 or 2 trades then they do develop over confident about their skill levels and then start trading without the help of technical analysis and most time just believing into their luck factor and eventually biting the dust in the end.

Always depending on technical analysis for both entry and exit levels will help. We need to remain learners about new things in trading otherwise we will start committing mistakes; it is common for both beginners and experienced traders.

[dunfida]

The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.

Avoid being greedy.

It will not do you good and have the attitude of contentment.

That attitude will save you in times that you're feeling greedy. Because if you're having that setback of emotion, that will make you realize that you have to take your profit.

Well, I'd sometimes feel being greedy too but I know when and I know the limitations. If I have the opportunity to earn more from trading, I do have not to lose it.

But for newbies, they make themselves out of control, they are getting more emotional when seeing such opportunity and that was the beginning. If they just know how to control their emotions, that was not a problem anymore, however, it won't.

That mistake isn't just for newbies.

Even with experience, people would come out being greedy and they tend to lose.

Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.

There would be no exemptions when it comes to these kind of mistakes specially when greed do sits in then theres nothing you can do if you dont able

to control yourself then you would really be ending up on on committing these mistakes just like on what those noobs had able to do so.

Its unavoidable on some aspects but once you do gain up experience and awareness then this is where things to get changed.

[Adorald]

I think greed is the most detrimental factor that can negatively affect trading.

[Smitty Werben Man Jensen]

The pressing need to make big gains usually is the major causes of these mistakes which i will call greed, greediness will only make you loose not just your profit it can cost you your capital as well. So as a newbie you shouldn't rush, move at a slow pace and you will eventually get there.

Avoid being greedy.

It will not do you good and have the attitude of contentment.

That attitude will save you in times that you're feeling greedy. Because if you're having that setback of emotion, that will make you realize that you have to take your profit.

Well, I'd sometimes feel being greedy too but I know when and I know the limitations. If I have the opportunity to earn more from trading, I do have not to lose it.

But for newbies, they make themselves out of control, they are getting more emotional when seeing such opportunity and that was the beginning. If they just know how to control their emotions, that was not a problem anymore, however, it won't.

That mistake isn't just for newbies.

Even with experience, people would come out being greedy and they tend to lose.

Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.

Yes, mistakes can certainly happen to anyone, whether you are just starting out or even old and have experience,
the only one who can control ourselves, of course, is ourselves, although doing so is not something easy,
What is clear is that every trader, both beginners and old, must continue to learn and control themselves

[livingfree]

That mistake isn't just for newbies.

Even with experience, people would come out being greedy and they tend to lose.

Control yourself and if you know your limitations, that's much better because you know what can happen and what worst can come.

Yes, mistakes can certainly happen to anyone, whether you are just starting out or even old and have experience,
the only one who can control ourselves, of course, is ourselves, although doing so is not something easy,
What is clear is that every trader, both beginners and old, must continue to learn and control themselves

It is unending learning.

That's why traders who stay are still fine and want to learn more not just with the experience of others but as well as experience of their own.

They're making a lot of experiences through that and that's why they've chosen to control themselves and stay in the market.

[Alert31]

OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.

Indeed right! Crypto is a game of win and lose and mostly, newbies are the loser due to lack of knowledge to trade with wrong perception. In trading, we should know both technical and fundamental analysis to avoid huge losses. Then while trading, it's also significant to accumulate more knowledge and strategies to become more subtle.

[rmhuntley]

OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.

Indeed right! Crypto is a game of win and lose and mostly, newbies are the loser due to lack of knowledge to trade with wrong perception. In trading, we should know both technical and fundamental analysis to avoid huge losses. Then while trading, it's also significant to accumulate more knowledge and strategies to become more subtle.

New trader always come when moment bitcoin or any altcoin on higher price, they take risk without research about some coin have all time high price but keep entry. I think is usually mistake made by new trader and motivate to entry on higher price because they lack knowledge about all time high price of coin. Just think with coin have higher price will give much profit and they don't know later will dump suddenly.

[darewaller]

Another newbie mistake is they think trading as gambling and keep all things to luck. They even don't think that trading works on strategy there is no anything related to luck. They think that they can find a token like shib and give them 100x.

Funny enough this is so true, there are lots of newbie traders who really don’t think about strategies on how they should go about their trading. They just jump into it straight off and thinking that it’s just their luck that is going to get them the money.

Some of them keep on looking for tokens like shib, and I usually see them asking questions like this in the forum - how they can go about finding new projects that have not launched yet, so that they can invest earlier and be able to hold these assets till they become a popular asset and increase in value. The mindset they are having is not good at all, because things don’t work that way. Everything is about strategy and knowing the right thing to do.

[Jazzi Mahesh]

Many novices and emerging stock traders go all out in a market with high profit expectations, but soon find that sustained money is not as easy as they expected. For some people, this perception can be very frustrating, especially since few pursuits can stimulate human emotions as important as transactions. The prospect of making money tends to attract people into the trading arena, but the reality of losses may quickly act as a deterrent.

[freedomgo]

Many novices and emerging stock traders go all out in a market with high profit expectations, but soon find that sustained money is not as easy as they expected. For some people, this perception can be very frustrating, especially since few pursuits can stimulate human emotions as important as transactions. The prospect of making money tends to attract people into the trading arena, but the reality of losses may quickly act as a deterrent.

Yes. Newbies are very agressive to trade knowing they have high confidence in themselves but when they start losing, these weak hands realized that making profits in trading is never an easy task. While others tend to improve their knowledge through continuous learning and gaining more experiences to learn, other traders chose to easily quit from trading because they can't bear seeing themselves lose another capital again. If this is the mindset of new traders, they will never be good in trading as they are more afraid on losing their own money.

[Kasabus]

OP, another mistake newbies always make is, over-estimating their intelligence, and capabilities. Trading is a zero-sum game. To get money from the market, another participant must lose it. We are mere plebs, and the game is always won by professional traders.

Indeed right! Crypto is a game of win and lose and mostly, newbies are the loser due to lack of knowledge to trade with wrong perception. In trading, we should know both technical and fundamental analysis to avoid huge losses. Then while trading, it's also significant to accumulate more knowledge and strategies to become more subtle.

New trader always come when moment bitcoin or any altcoin on higher price, they take risk without research about some coin have all time high price but keep entry. I think is usually mistake made by new trader and motivate to entry on higher price because they lack knowledge about all time high price of coin. Just think with coin have higher price will give much profit and they don't know later will dump suddenly.

Right. Because they rely much on thinking that when coins have higher prices, those are the best investments that will generate higher profits. But they don't know the fact the best time to invest is when the prices are low and higher prices are good time to sell. Also, they rely much on present events, not knowing that the market is so volatile. What we have at the present will not be the same within the next hours. Its just a matter of DYOR, so that traders won't be making wrong decisions.

[Rengga Jati]

- Not doing analysis:
- Revenge trading:
- Trading pump and dump coins
- Not keeping a trading diary
- Not having a target when trading
- Trading futures too early
- Entering many trades at once
- Not using stop lose

Yes, they are the real common mistakes, actually not only by the beginners but also many traders  so far.
Although everyone may not have those all, in fact, some of the reasons can also make us in the higher risks.
Not doing analysis is the first thing that actually commonly happens moreover if we only know the coins from media or with the hype situation. This will be very risky to take, but in fact the beginners or some of us like so much this kind of trading. They only think about getting profits soon but without analyzing the coins whether they are exactly good or not.
About the trading diary, I think that this is such kind of trading management about the funds, times, and also history. yeah, this will be important in order to make some evaluations.
And about other reason are reasonable enough.
Once more, the emotional and thinking of trading itself will be also very influencing in trading and many people only focus in profits at first, not  knowledge or even good emotion management.

[Alisha FR]

I read what you have concluded from the beginner's way of trading. I am confused, did the beginners not learn any trading skills at all? so all trading mistakes happen to them. I hope beginners always have some basic learning before jumping into trading. All require certain processes and stages, it is impossible for those who are new to crypto trading to be successful immediately. However, minimizing errors so as not to lose big.

[Qikiye]

In particular, all the traders who enter trading without gaining knowledge directly, face losses instead of gains. Usually, if you invest in a worthless project without having an idea about the project, you will face huge losses. Which is a big mistake in cryptocurrency.

[xmonkeyx]

In particular, all the traders who enter trading without gaining knowledge directly, face losses instead of gains. Usually, if you invest in a worthless project without having an idea about the project, you will face huge losses. Which is a big mistake in cryptocurrency.

of course that is the most important thing and almost everyone who trades of course already has an overview and even a little knowledge of trading.
behind that there will be many more things that must be learned before trading, namely targeting yourself and also being able to control emotions in yourself not to be greedy and also positive experiences from friends who traded first, which I think is very important to take.

[nhaila]

Being too cocky and thinking that trading is an easy thing to do and that there's no way that you can probably fail from doing it just because you follow the principal of buying low and selling high.

One of the main goals of trading is to invest at a lower price and sell at a higher price. In that case you must gain knowledge about project development. There are many investors who do not sell even after the price increases in the hope of making extra profit, they face losses later on.