Some Errors We Make In Trading Crypto

[Sebas.tian]

Errors are common and we often encounter when trading crypto, but the most important thing is to always make sure that the price we set is what we want, especially if we are trading new coins which are usually cheap with lots of zeros after the comma so that if we don't alert then we can lose 1 digit.

Errors are something you cannot avoid forever in crypto trading because we learned from our past mistakes to become professional in crypto trading. Many people knew when to buy coins to prepare for a better future through the errors they made some years ago in
Crypto trading, that make them to understood, buy when the price is low and sell when the price is high in the market . Don't allow little errors to make you give up on crypto trading because sometimes those errors happen for you to plan bigger, in away you will never experience errors in crypto trading.

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[darewaller]

it is a very good point for traders or people who want to invest. these things are very often done by people who already have experience, or new people, and of course the ones who do the most are new people.
another point is, never follow someone's footsteps in buying assets because they saw them succeed from it. lots of people do that a lot, like when the meme coin hype happened.
However, I also want to emphasize the principle that crypto is not a get-rich-quick scheme. IMO, even when we are not careful in this regard, crypto can backfire on us and deplete our assets in no time. this happens very often to those who just follow the hype. well, the points above are related to each other.

Newbies do make most of the mistakes but the reality is that we do make mistakes as veterans as well. Even though what OP talks about is something I have been familiar with for many years and even though they seem obvious to me, we are all humans and we make mistakes sometimes. The funny thing is, we mostly do not realize that we made a mistake, it looks like we are not doing anything wrong and when we see the consequences, we wonder why it happened and only to be shown by someone else that we did one of those mistakes.

Overall, newbies will grow better and be a greater trader, but it will never be a zero mistake zone, every single trader makes mistakes time to time. Some more, some less, but there are none with zero mistakes.

[Flexystar]

On brighter side it is always better to trade only if we have pretty good balance in our pockets. What I mean is, you should not be even thinking about trading if you don't posses assets which fulfill your and your families dreams in real world. I have seen broken examples of surrounding me. People have lost money which they should never been placing into their trading account in first place. However they did it in the greed, they thought trading is the way to become rich or like have it as perfect income source. But they did it without any proper guidance and lessons. Trading seems easy at first glance but its never like that. So yup, all your points are agreeable and on top of that trading is choice its not perfect way to have your money.

[ScamViruS]

• Going all in- it a very bad habit, never ever put all your eggs in one basket. ^{it's a popular saying.}

This habit is very bad when trading. Not only newbie traders make this mistake but many old traders also make this mistake. I have been trading for a long time, but I often buy a coin using all the funds in my account. Investing all the funds in one coin often leads to huge losses.

To be a successful trader, you must always look for ways to manage your fund. But large losses are incurred due to not being able to control emotions while trading.

[stomachgrowls]

• Going all in- it a very bad habit, never ever put all your eggs in one basket. ^{it's a popular saying.}

This habit is very bad when trading. Not only newbie traders make this mistake but many old traders also make this mistake. I have been trading for a long time, but I often buy a coin using all the funds in my account. Investing all the funds in one coin often leads to huge losses.

To be a successful trader, you must always look for ways to manage your fund. But large losses are incurred due to not being able to control emotions while trading.

Going all in is something that a gambler mindset do really had on which its really a bad thing if you do really have this kind of act whenever you do deal with trading.If you do make yourself that impulsive
when it comes to your decisions then you would really be ending up on going all in and act that you are gambling out instead of doing trading.

You would only realize when its too late and there's no way you could able to retreive those losses back unless if you do make out some deposits again for some capital.
We know that mistakes are the best teachers but we should really be minimizing it as small as it should be.

[sensimilia]

Entering the world of trading means that we are ready to fail and also the possible profits, but that does not mean that we have come here to fail. Failure is normal and we must learn from it. I agree with some of the important points that are written here about tips to avoid mistakes in trading which will help us to trade well. the way we manage the trading assets that we have will have an impact on the results that we get. therefore we must be able to control our emotions so as not to be affected by the ups and downs of the crypto market. most mistakes in trading are too hasty and panicked, avoid them because it will make our minds more confused in trading.

The cryptocurrency recording system that is used to trade here, if used properly, will not allow you to experience both profit and loss, but what about protein if you lose patience when you encounter protein or failure?  The reason you can't learn more is that as long as you stay here you can learn about trading and make a profit from it.

[zaesvlas]

In fact, in the early stages, traders quite often make mistakes. The main thing is to be able to correct mistakes

[LUCKMCFLY]

in more in-depth thoughts, people always saying you have to buy cryptocurrency when they are in "dip" price, but no one ever thought you what is the threshold of that "dip" and it could make a misleading advice. Trading is not solely looking on the price but there are some indicators and news that could help you determine which coins to invest next.

This has happened many times, I can't explain to you how many times I have heard people bought doge because "what if it reaches 1 dollar one day!!" and even at the peak it didn't reach there, and it was overhyped as hell, even on the greatest possible ever situation it didn't get there.

You know what I am seeing these days? "if shiba is even 10 cents, that would be insane!!" and we all know that it won't be there at all, we are going to see it not even reach 1 cent, but people will invest because the price is very little. They have like zero clue about market cap and only talk about the price of it all and that is why I do not know what to do.

The problem is that there is no safe floor, if we buy Shiba Inu at 10 cents, but if the BTC falls and now it costs much less than those 10 cents, but half or even 1/4 of a dollar, it is something that can be taken into account, the only thing is that the best hope is that BTC at some point will have a good ATH and when it happens, that investment that was made of 10 cents of the dollar will give its good results, because that is how the cryptocurrency moves , more so when they are totally dependent on BTC.

We cannot put aside what the other altcoins can do, but right now any investment that is not in BTC is very insecure, at least I have that criterion.

[Crypto Library]

Here are some common habits. As traders we often make these mistakes. I think it will be useful for new traders. I am still pulling that loss by trading under the tendency. Of course, I have learned a lot from the mistakes. A lot of times when the market gives a little pump we start investing and I also think we have to refrain from this type of emotionally trading .

[wxa7115]

it is a very good point for traders or people who want to invest. these things are very often done by people who already have experience, or new people, and of course the ones who do the most are new people.
another point is, never follow someone's footsteps in buying assets because they saw them succeed from it. lots of people do that a lot, like when the meme coin hype happened.
However, I also want to emphasize the principle that crypto is not a get-rich-quick scheme. IMO, even when we are not careful in this regard, crypto can backfire on us and deplete our assets in no time. this happens very often to those who just follow the hype. well, the points above are related to each other.

Newbies do make most of the mistakes but the reality is that we do make mistakes as veterans as well. Even though what OP talks about is something I have been familiar with for many years and even though they seem obvious to me, we are all humans and we make mistakes sometimes. The funny thing is, we mostly do not realize that we made a mistake, it looks like we are not doing anything wrong and when we see the consequences, we wonder why it happened and only to be shown by someone else that we did one of those mistakes.

Overall, newbies will grow better and be a greater trader, but it will never be a zero mistake zone, every single trader makes mistakes time to time. Some more, some less, but there are none with zero mistakes.

This is why we need to learn techniques that reduce the magnitude of our mistakes, since mistakes are unavoidable then we need a way to limit their impact as a single big mistake can be more than enough to destroy your account.

And one of the best tools for this is a stop loss, because even if you happen to make a mistake when you are predicting what you think the market is going to do then the stop loss is going to limit the magnitude of your mistake and you can easily recover from it, however this creates another problem, what if your mistake is related to your stop loss? And without a doubt this is a huge problem as a mistake of that nature in which you fail to activate your stop loss can have severe consequences.

[Woodie]

Sometimes I think lack of research into these crypto projects is another mistake we make , imagine wanting to trade bitcoin but because there are several bitcoin forked coins out there you buy the wrong coin to trade because one of them offers more coins for the dollar but unfortunately you in for the wrong coin.

The other number one mistake or rather weakness is trading with emotions which costs us a great deal, if we can overcome this then ones trading journey can improve.

[crzy]

Sometimes I think lack of research into these crypto projects is another mistake we make , imagine wanting to trade bitcoin but because there are several bitcoin forked coins out there you buy the wrong coin to trade because one of them offers more coins for the dollar but unfortunately you in for the wrong coin.

The other number one mistake or rather weakness is trading with emotions which costs us a great deal, if we can overcome this then ones trading journey can improve.

Those mistakes should be corrected along the way or else you’ll burn all your capital and have a nothing result out of it. Newbies have to deal with those mistakes perfectly and should not be discourage by that losses and continue to learn things. We all have bad experiences when it comes to trading and investing, but look at us now we are doing our best and making good money out of those bad experiences.

[doomloop]

Going all in is something that a gambler mindset do really had on which its really a bad thing if you do really have this kind of act whenever you do deal with trading.If you do make yourself that impulsive
when it comes to your decisions then you would really be ending up on going all in and act that you are gambling out instead of doing trading.

You would only realize when its too late and there's no way you could able to retreive those losses back unless if you do make out some deposits again for some capital.
We know that mistakes are the best teachers but we should really be minimizing it as small as it should be.

I am not saying that you should stay away from going all-in, but that could be one of the worst things I would do, I wouldn't even consider such a thing. Obviously there are situations where you would have to go all-in with whatever you have left after already putting in so much, that is understandable, like let's say you had 10k, and invested 9.5k of it over course of 3 months, and then you invest the last 500 which would make sense.

But, that is a situation where you already invested, so it is not "technically" all-in, that's putting the leftover and different situation. I hope that people do not make this mistake of going all-in, but if they want to, I wouldn't stop them.

[Emitdama]

Making use of exchanges that has high transaction and withdrawal fees can really be frustrating for someone who is a trader. You manage to make profit from trading and the next thing you are losing a huge part of the profit you have made because of the fees you would have to pay on the exchange for withdrawal and transactions.

So, it’s really important that we choose exchanges with the possible lowest fees so that we wouldn't have to be paying all that much and losing a big chunk of our profit that was made trading on the platform.

[24Kt]

Making use of exchanges that has high transaction and withdrawal fees can really be frustrating for someone who is a trader. You manage to make profit from trading and the next thing you are losing a huge part of the profit you have made because of the fees you would have to pay on the exchange for withdrawal and transactions.

So, it’s really important that we choose exchanges with the possible lowest fees so that we wouldn't have to be paying all that much and losing a big chunk of our profit that was made trading on the platform.

But you need to consider the reputation of the exchange itself. Not only look for lowest possible fees but the liquidity itself. Yes, there are exchanges that are charging cheaper fees. But do you think you can execute your orders according to your targets? Because some problem with exchanges is the liquidity, the gap of buy/sell order, also look at the trading fees as well. Better secure your assets by using reliable exchanges rather than look for cheaper fees and you are in doubt if you can ever get out your funds safe.

[dunfida]

Making use of exchanges that has high transaction and withdrawal fees can really be frustrating for someone who is a trader. You manage to make profit from trading and the next thing you are losing a huge part of the profit you have made because of the fees you would have to pay on the exchange for withdrawal and transactions.

So, it’s really important that we choose exchanges with the possible lowest fees so that we wouldn't have to be paying all that much and losing a big chunk of our profit that was made trading on the platform.

But you need to consider the reputation of the exchange itself. Not only look for lowest possible fees but the liquidity itself. Yes, there are exchanges that are charging cheaper fees. But do you think you can execute your orders according to your targets? Because some problem with exchanges is the liquidity, the gap of buy/sell order, also look at the trading fees as well. Better secure your assets by using reliable exchanges rather than look for cheaper fees and you are in doubt if you can ever get out your funds safe.

Volume and liquidity are the main things that to look for when you do tend to deal with various exchangers on which you could somewhat assure that you are dealing with the right place.

Next is to make out some trades and if you are just starting this career then it would really be just typical for you to engage on while learning up everything.Dont make yourself greedy and tend to
mind about having perfect trades coz it cant really just possible to attain such thing. Try to sustain and also mind off about security of your assets.

[iged_war]

Here are some common habits. As traders we often make these mistakes. I think it will be useful for new traders. I am still pulling that loss by trading under the tendency. Of course, I have learned a lot from the mistakes. A lot of times when the market gives a little pump we start investing and I also think we have to refrain from this type of emotionally trading .

mistakes always did by us, and its common thing in market. everyone make it but only some of us take it as important lesson and improve our knowledge and some of us didnt. the common mistakes that happen usually traders feel fomo and careless about technical side and money management. get rekt finally happen if we still careless about patience.

[GeorgeJohn]

Great points i think over leveraging (or leveraging in general) deserves a spot there, so many people fall into this trap of trading with money you don't have thinking they can multiply their winnings but end up losing their entire capital.

The majority who fall the victim of losing their capitals in trading is those who don't know the rudiments of cryptocurrency trading and daily trading, before now i noticed and seen some one who ventured into trading without understanding the protocols, so it's not possible that the person can perform absolutely positive in trading without having a guide, so i think this should be one of the major concern while some people get lost of both capital and profit during trading.. because it's very clear that what leads into lost of capital via trading is lack of information.

[Benefactor]

This is the very same stunt that different questionable trades use, they draw beginners by saying that they have commissions that are a lot of lower than those of huge trades. We generally to realize that no one knows where the market will move to in the following candle hour so having this on a basic level will let you know you need to figure out the exchange yourself.

[nur rochid]

This is the very same stunt that different questionable trades use, they draw beginners by saying that they have commissions that are a lot of lower than those of huge trades. We generally to realize that no one knows where the market will move to in the following candle hour so having this on a basic level will let you know you need to figure out the exchange yourself.

Beginners with minimal experience will certainly consider commissions as much as they can, without realizing that their safety is at stake. on the other hand, by seeing the fame of their influencers, they easily believe, so they don't hesitate to invest, with their friendly persuasion they seem to hypnotize beginners to invest their capital, so that not a few are tempted by the profits to be obtained and in a relatively short time, even though it's not that easy to make a profit on this business