Some Errors We Make In Trading Crypto

[jostorres]

Basically, there are many things that must be considered in trading because trading is not just buying and selling coins,
it is important indeed to have skills in analyzing market movements and that will help us to make a profit,
having a lot of experience is also good to make ourselves develop

Actually that is trading all about, to buy and sell coins but it's only up to you if you will up your game. If you will incorporate research and analysis on your trades then chances are you can excel from the majority that simply buys and sells without doing any other things because for them it was only just an accessory or its only optional.

In analyzing the market movements, there are some certain things that you can do, there is that technical analysis and there is also fundamental analysis. It's the fundamental analysis is the one that is popular being used especially by the newbies as it is more easier than technical analysis which already involved indicators.

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[kawetsriyanto]

Basically, there are many things that must be considered in trading because trading is not just buying and selling coins,
it is important indeed to have skills in analyzing market movements and that will help us to make a profit,
having a lot of experience is also good to make ourselves develop

Many things should be learned to trade properly. Skills, knowledge, and mentality are 3 basic things to be improved besides having more experience. A good trader always tries to improve himself because he knows it will be necessary to support his success in trading. Analyzing the market or predicting the next price move cannot be done correctly if a trader has less knowledge, the first thing to improve is the knowledge. While experience can be obtained along with the increasing number of our trading activities. Don't forget to improve our mentality as well.

[Shasha80]

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

Absolutely, never put your all your money in one token or coin. Rather, fill your portfolio with different tokens and categories of tokens. For example, x% for DeFi, x% of metaverse, x% of btc and eth.

...

If ever I'll be choosing 1 coin and putting everything on it that would be Bitcoin. But of course, splitting our investment into 3-5 coins at least will give us some confidence that whatever it happens to other projects we still have the chance to recover from others. It is a way we strategies, yet must be planned well.

60% - BTC
40% - altcoins

Well, mistakes can just be the main reason because we choose the wrong coins but also due to improper fund management. A lack of experience is also a big factor.

Crypto trading mistakes that are done quite a lot are risking all of our capital in just one coin. Even though this way of trading is not effective
and if we choose the wrong coins, we have the risk of losing all the capital we have. Even though Bitcoin is quite safe for trading, that doesn't
mean it's wise to risk everything in Bitcoin. Diversification is very important when trading crypto, it is good enough to allocate 60% in Bitcoin
and the remaining 40% in altcoins, rather than just focus 100% on Bitcoin. By dividing our capital in several coins, it makes us generate
a much more maximum profit.

[LUCKMCFLY]

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.

You are right, in every exchange there are certain rules, although the truth is that many or almost most people use Binance and the fees are not that high, although lately I am not liking this exchange because it usually kneels a lot to governments, and they do not care block accounts without prior notice or give certain customer information, which seems to me to be unethical, for me there is a flaw at the moment and in a conceptual way, if we see another exchange that has a good reputation or at least is one of the exchanges What they are looking for a lot is Bitfinex, but here they do charge hard for everything and everything, but I think it is very good and they handle a good volume, I think I could talk more about those exchanges because I have more experience there.

[RealMalatesta]

Hard learning as it is, those kinds of people will only realize that the market is not an easy venue to earn money.

It's true that if your friend learns something and takes that as a one step forward, they will be able to manifest ideas on how
they can probably earn the right way.

But, if they will not do anything to do better, the chance is just to repeat that same mistake and will continue to lose
more money, it's an own decision that will give opportunities to those who really seek for the betterment of success.

At last, they've learned that it is the reality in the market.

They're able to experience it and it has validated their own thoughts that it's not an easy going market. Just as the other businesses and investments.

There's the same risk that it has and that's why it's profitable because it has a higher risk that they should also go.

Risk is of course part of crypto world as well, there is no scenario where we end up with zero mistakes, of course we are going to end up with some problems. However at the end of the day it is not going to be that much of a problem to fear mistakes if you are a veteran and have been trading for a long time.

I mean think about it, if you have been trading for men years, already made many mistakes so far and have paid for them with your own money and learned why you did those mistakes. Doesn't that mean that maybe you are already better at it and maybe you won't be making that many mistakes anymore? That is just my guess, but many people will start to make a lot less mistakes eventually and won't fear as much.

[BobK71]

Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.

[taufik123]

Basically, there are many things that must be considered in trading because trading is not just buying and selling coins,
it is important indeed to have skills in analyzing market movements and that will help us to make a profit,
having a lot of experience is also good to make ourselves develop

The more experience, the more prepared we will be to overcome any problems that exist. Psychological strength will also be trained on every trade made. because psychology is also a very crucial thing. Good analysis, good management but unstable psychology, certainly not good. Errors will be reduced when all aspects of trading can be mastered.

[martyns]

Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.

Everyday, errors are made by traders. These errors are inevitable because it's just nature. In real life, people make mistakes that's highly unforgettable. Errors can't be omitted by traders, let's say for a trader who is in a hurry to enter the market and bagged coins, not knowing that their are certain basis that needs to be properly understandable before placing a trade. A trader can omit some vital basis when buying a coin, forgetting to set TA and SL. All these will recurred when the the trader have already open positions with the trade. Also when in a hurry, you can enter a coin when it is high price and sell it when it's low price because of FUD.

[dunfida]

Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.

Everyday, errors are made by traders. These errors are inevitable because it's just nature. In real life, people make mistakes that's highly unforgettable. Errors can't be omitted by traders, let's say for a trader who is in a hurry to enter the market and bagged coins, not knowing that their are certain basis that needs to be properly understandable before placing a trade. A trader can omit some vital basis when buying a coin, forgetting to set TA and SL. All these will recurred when the the trader have already open positions with the trade. Also when in a hurry, you can enter a coin when it is high price and sell it when it's low price because of FUD.

Errors or mistakes are inevitable on which even how pro or old you are into this market where mistakes could really be not able to be avoided specially when we are dealing with
unpredictable market then its really unavoidable to reach or experience such thing.
When you do gain sufficient experience then this is where you do lower the chance or odds on committing mistakes thats why learning and getting
experience would be the key.

[Webetcoins]

Everyday, errors are made by traders. These errors are inevitable because it's just nature. In real life, people make mistakes that's highly unforgettable. Errors can't be omitted by traders, let's say for a trader who is in a hurry to enter the market and bagged coins, not knowing that their are certain basis that needs to be properly understandable before placing a trade. A trader can omit some vital basis when buying a coin, forgetting to set TA and SL. All these will recurred when the the trader have already open positions with the trade. Also when in a hurry, you can enter a coin when it is high price and sell it when it's low price because of FUD.

If they are a day trader then yes but for the other type of traders mistakes can rarely occur on them most especially if they mastered it already. It's fine to make mistakes as long as you can correct them as soon as possible and make more than what you have lost due to your mistakes.

Traders who are hurrying can be a newbie trader because experienced traders are organized and will execute things more calmly. They know that rushing cant do good on them. I think you define FUD wrongly. It must be FOMO where people rush and buy at the top but FUD can cause for someone to sell at lows because they are too scared and thinks the price will dump more according to what they heard.

[endut15]

Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.

not a few people who repeat the same mistakes. because some mistakes that occur are not intentional, but because of several factors that make us have to take action. some of the experiences I've had in the past serve as lessons for the present, but I have to repeat the same mistake of talking about need and time for too long so I have to let it go. I always wanted to be consistent so as not to sell if I was still losing money, but circumstances made me do it.

[Mahanton]

Constantly we are making errors in trading platform which are increasing our losses. We make error in buying and we also make error in selling as well. Most of the time though we buy good price but can not sell proper time. Can't hold good coins even in case of holding. We have to take the risk in proper time but can not do it, there is no end to all these kinds of errors. If we can manage these errors through a proper guideline hope we will success.

not a few people who repeat the same mistakes. because some mistakes that occur are not intentional, but because of several factors that make us have to take action. some of the experiences I've had in the past serve as lessons for the present, but I have to repeat the same mistake of talking about need and time for too long so I have to let it go. I always wanted to be consistent so as not to sell if I was still losing money, but circumstances made me do it.

Mistakes cant really be avoided but somewhat it could really be lessen out in terms of experience that you would really be having.Errors are inevitable thats why experience would play a big factor
for us to handle out this very hard situation specially in trading.This isnt something that could be handled out well or in precise manner.
One thing you should be minding off is about on how you would gonna sustain or survive this market despite of the errors you are experience.Dont think or trying out to have that perfect trade
because it cant just be possible but somehow we could really handle it out.

[Altryist]

If they are a day trader then yes but for the other type of traders mistakes can rarely occur on them most especially if they mastered it already. It's fine to make mistakes as long as you can correct them as soon as possible and make more than what you have lost due to your mistakes.

Traders who are hurrying can be a newbie trader because experienced traders are organized and will execute things more calmly. They know that rushing cant do good on them. I think you define FUD wrongly. It must be FOMO where people rush and buy at the top but FUD can cause for someone to sell at lows because they are too scared and thinks the price will dump more according to what they heard.

It all depends on the situation, maybe sometimes you need to sell on a fall in order to save at least part of your funds, this may apply to force majeure cases, like the fall of Luna, but this is really an exception to the rule. A trader who trades for a long time and receives a profit from this can be called an experienced trader, which means he follows the rules, and knows how to do it. If for a long time the trader has only losses, then this is just a gambling and it will not last long.

[goldkingcoiner]

The absolute biggest mistake you can make, from what I believe and my years of experience in trading crypto, is to sell. Especially if that decision to sell came from a moment of emotional distress. That panic selling is exactly what whale market manipulators are trying to achieve. They want to buy your coins at a cheap price and they will try to put fear into you to achieve that goal.

If you have done your research and decided to invest in crypto then let it rest in your wallet and don't flip flop everytime it goes up or down.

I have made this mistake more than I can count. It always ends badly and I always regret it. 

[suzanne5223]

If they are a day trader then yes but for the other type of traders mistakes can rarely occur on them most especially if they mastered it already. It's fine to make mistakes as long as you can correct them as soon as possible and make more than what you have lost due to your mistakes.

Traders who are hurrying can be a newbie trader because experienced traders are organized and will execute things more calmly. They know that rushing cant do good on them. I think you define FUD wrongly. It must be FOMO where people rush and buy at the top but FUD can cause for someone to sell at lows because they are too scared and thinks the price will dump more according to what they heard.

 It all depends on the situation, maybe sometimes you need to sell on a fall in order to save at least part of your funds, this may apply to force majeure cases, like the fall of Luna, but this is really an exception to the rule. A trader who trades for a long time and receives a profit from this can be called an experienced trader, which means he follows the rules, and knows how to do it. If for a long time the trader has only losses, then this is just a gambling and it will not last long.

@Webetcoins Well said but there's a difference between being an experienced crypto trader and having emotional control. There are a lot of traders that understand the situation of the market but lose their intelligence due to the buzz created by the market.

@Altryist Luna is a community supported crypto and if it experiences a 99% dump in price due to an attack it doesn't mean it won't see some bullish again and when it storming it's better to wait for the sea to be clear than jumping into concluding if no stop loss strategy is implemented before the dump occurs it better not to sell. 

[Hamphser]

If they are a day trader then yes but for the other type of traders mistakes can rarely occur on them most especially if they mastered it already. It's fine to make mistakes as long as you can correct them as soon as possible and make more than what you have lost due to your mistakes.

Traders who are hurrying can be a newbie trader because experienced traders are organized and will execute things more calmly. They know that rushing cant do good on them. I think you define FUD wrongly. It must be FOMO where people rush and buy at the top but FUD can cause for someone to sell at lows because they are too scared and thinks the price will dump more according to what they heard.

It all depends on the situation, maybe sometimes you need to sell on a fall in order to save at least part of your funds, this may apply to force majeure cases, like the fall of Luna, but this is really an exception to the rule. A trader who trades for a long time and receives a profit from this can be called an experienced trader, which means he follows the rules, and knows how to do it. If for a long time the trader has only losses, then this is just a gambling and it will not last long.

But how you would really be able to determine if a certain coin would fall just like on what happened to Luna? No one could able to determine that which people would simply hold because we do believe that zero

value isnt really that commonly happen into this market which simply means that people would really love to hold because there are really chances for us to recover which is a common thing.

Errors made or mistakes are that common but we could reduce out the odds if we are really that able to learn up things and avoid as much as we could.

[sklopan]

Unfortunately, mistakes in trading are quite common. But do not forget that in the end this leads to quite positive results, because the trader thus gains experience.

[LUCKMCFLY]

It's like they don't trust those words that I've told them. But yes, it's about the lesson that they've gained and they went through the situation that I've been in as well.

That's why I've talked to them when they've asked about crypto so that they can avoid that experience I've got. Well, they chose to experience it and they're good right now.

And we're still taking on how things are working with the market and mostly when it's on the bloody days.

Hard learning as it is, those kinds of people will only realize that the market is not an easy venue to earn money.

It's true that if your friend learns something and takes that as a one step forward, they will be able to manifest ideas on how
they can probably earn the right way.

But, if they will not do anything to do better, the chance is just to repeat that same mistake and will continue to lose
more money, it's an own decision that will give opportunities to those who really seek for the betterment of success.

At last, they've learned that it is the reality in the market.

They're able to experience it and it has validated their own thoughts that it's not an easy going market. Just as the other businesses and investments.

There's the same risk that it has and that's why it's profitable because it has a higher risk that they should also go.

When a person reaches the level of understanding the market, he is capable of doing any type of negotiation and being able to have all kinds of profit, but you have to know how to do it because there are feelings such as panic or overconfidence that can affect our decisions, in fact, sometimes it is better to make trading decisions without seeing the news or any other means of communication, because it would interrupt our analysis, and sometimes the news itself does not predict, but rather accommodates everything to try to find the explanation for a certain market movement.

[rojan]

Unfortunately, we often make mistakes in the process of work. In general, I believe that mistakes, to a certain extent, are experience, the path to success. So, it is more important to analyze your mistakes.

mistakes are still normal as long as we can learn from them.
Doing analysis or research first is very important to do.
it takes good planning and management to be able to make profitable trades. Errors are also based on mental strength, because when trading it is not only strategy and technical analysis that plays a role, but mental also determines what to do when the analysis is not as expected. Mistakes made while trading can be a lesson not to repeat the same mistakes.

If you are a true trader then you need to be very careful about the things that a trader should keep in mind for trading.  Time and what will help us to talk if we have knowledge about it, but there is a lot of experience here, I think those who have been chatting for a long time have a rough idea.

[Glossy_Katie]

one of my greatest mistake as a trader is going into a Bullish market for a sell instead of maintaining my Buying position , when my indicator signified pull back in a lower time frame    ......later got hit by my stop loss