AakZaki
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zknodes.org
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November 11, 2022, 05:08:34 PM |
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Avoid greed when the bull market comes and take your profits before the time leaves you because many of us are late to take our profit because we expect more profits. They can't do that, especially if the price can go up high immediately because the price will not always keep going up. This requires self-control, not being greedy and taking advantage at the right time to get that advantage.
And in a bear market like today, you have to be able to use it for yourself by buying potential coins or you can just sit back and miss the opportunity. But do not feel bad if the market has started to move because it means you will be too late to take profits.
When you don't have self-control and don't have a definite target, it's very difficult to take advantage of it properly. many of the traders fail to take profit, they do not target the price that has been set at the beginning. which in the end when the market goes down this will make them more panicked and sell at a price that is too cheap so that they will get little profit, even no profit at all. Greed and panic will make the trade even more destroyed, there will be no strategy that can overcome it if you do not have self-control over the greed and panic that occurs.
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teosanru
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November 11, 2022, 05:28:35 PM |
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So true, I remember how I have done each one of them during the previous bear runs, I thought all these actions would protect my capital or maybe give me a gain out of this bear market but I was so foolish and little did I know that I am just destroying my portfolio and nothing other than that. Best thing to do during such time is stay away from the market, because if you are in the market it's already too late to do anything because the damage has been done and if you are outside the market place a buy order at the floor you expect and sleep peacefully and wait for the bull run or market showing some correcton.
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$crypto$
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Smart is not enough, there must be skills
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November 11, 2022, 05:55:11 PM |
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Basically correct, you know before when talking of investment or trading what comes into my mind always is the risking factors and the next is are you willing to bear the risk or not, and as a trader having a positive mindsets is alway a thing to look into otherwise losing is inevitable. Before making a decision to start the investment journey or even involving in trading is to gain the basic understand which includes the fundamentals which is among those you have just outlined.
Risk is always unavoidable for sure we will bear it all even though we have paid attention to some of the basics, and well patterns must be considered especially in trading how to pay attention not to be a big risk, maybe the most common in trading is mental must be ready and sometimes I also always face this when the market has fallen or is called a bear market. But in my own conclusion, I have a strong understanding, we already know that the market is bearish, but we have to know how to deal with it when trading starts.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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ChiNgadOr
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 11, 2022, 08:54:38 PM |
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There are many traders who had been battling with these mistake but still haven't get out of it because of so many issues. There are some persons who can find it hard to control their emotions and when it comes to trading they normally find it hard to isolate the emotion and focus on what the market can offer in time coming. Loses is inevitable in trading that is why we should be prepared to lose so that we can stand strong and focus on what we want in a long term period.
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┌∩┐(◕_◕) ┌∩┐ Not your keys, not your coins. Binance (and any other CEX) can fuck off ┌∩┐(◕_◕) ┌∩┐
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Mahanton
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 11, 2022, 10:46:44 PM |
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Basically correct, you know before when talking of investment or trading what comes into my mind always is the risking factors and the next is are you willing to bear the risk or not, and as a trader having a positive mindsets is alway a thing to look into otherwise losing is inevitable. Before making a decision to start the investment journey or even involving in trading is to gain the basic understand which includes the fundamentals which is among those you have just outlined.
Risk is always unavoidable for sure we will bear it all even though we have paid attention to some of the basics, and well patterns must be considered especially in trading how to pay attention not to be a big risk, maybe the most common in trading is mental must be ready and sometimes I also always face this when the market has fallen or is called a bear market. But in my own conclusion, I have a strong understanding, we already know that the market is bearish, but we have to know how to deal with it when trading starts. Make yourself; Mentally prepared Emotionally prepared These are the things which you would really be needing for you to be able to bare and survive this unpredictable market.There's no way that you could really make out conclusions on whatever things you do have in mind.Just dont let yourself that being greedy because having these beliefs and intentions would certainly make even more mistakes along the way which is never been recommendable.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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kamvreto
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MAaaN...!! CUT THAT STUPID SHIT
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November 11, 2022, 11:33:27 PM |
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Make yourself;
Mentally prepared Emotionally prepared
These are the things which you would really be needing for you to be able to bare and survive this unpredictable market.There's no way that you could really make out conclusions on whatever things you do have in mind.Just dont let yourself that being greedy because having these beliefs and intentions would certainly make even more mistakes along the way which is never been recommendable.
Greedy nature is a problem for some people, even though they are professional traders sometimes greed is still there because they are not satisfied with the profits that have been obtained in front of their eyes. Then this will be the beginning of the cause of the loss which will certainly be a mistake they did not expect. mentally ready, but emotionally uncontrollable. Anything if it can't be controlled then everything will be chaotic, including the strategy that was made at the beginning. I myself feel that even my emotions are not yet stable and sometimes I can't contain the emotional turmoil that causes greed and can't be controlled.
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justdimin
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November 12, 2022, 02:15:11 AM |
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This bear market really tests the patience of all of us, so we should try to use this bear market for our good. And if we can see an opportunity to add more, we should do so but don't immediately buy in bulk because the chance for the price to drop is still there. So you better buy gradually so that if the price drops again, you still have money to buy it again. And buying the top coins will allow you to earn bigger profits, while the other coins may not go any higher.
I do understand that not many people could survive this period and that is unfortunate but common. I am not saying that not everyone should survive, I hope everyone would but the reality is that many people will sell and fear the drop and will lose money when it goes down. Plenty of people bought at 21k because they thought it would go up, and then sold at 16k because they thought it would go down, instead of doing vice versa. What matters is we should not do that and if you are wise enough not to do that then it would work out for you. I personally don't really care about the ups and downs because it’s a temporary thing, so I can hold for many years without care.
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Sayeds56
Copper Member
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stead.builders
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November 12, 2022, 08:37:21 AM |
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There are many traders who had been battling with these mistake but still haven't get out of it because of so many issues. There are some persons who can find it hard to control their emotions and when it comes to trading they normally find it hard to isolate the emotion and focus on what the market can offer in time coming. Loses is inevitable in trading that is why we should be prepared to lose so that we can stand strong and focus on what we want in a long term period. I think the biggest mistake we make in bear market is that we put all our funds in one go to buy digital asset when it starts recovering after crash hoping that market is oversold, and price recovery has started. Unfortunately, this recovery process is short lived and price slides down further and we are not left with any funds to do dollar cost average our portfolio. The best strategy is making buying in at least 3 steps by when you see opportunity on weekly or monthly technical charts.
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QueenVera
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I think the biggest mistake we make in bear market is that we put all our funds in one go to buy digital asset when it starts recovering after crash hoping that market is oversold, and price recovery has started. Unfortunately, this recovery process is short lived and price slides down further and we are not left with any funds to do dollar cost average our portfolio. The best strategy is making buying in at least 3 steps by when you see opportunity on weekly or monthly technical charts.
Same mistake is happening at the moment with FTT (FTX token), it suddenly started recovering few days ago after the collapse it had, which mean people were buying hoping the token would survive but looking at the market now and the token value had drop significantly again. Same thing also happened with Luna and the market didn't learn from that incident. People have to stand realizing that it isn't wise to catch a falling knife instead wait until it finish falling. I think the best way to avoid making mistakes in the bear market, is to avoid the market at all cost. Waiting until all the dust has settled could save you alot because you can never be sure of which project is going to collapse next. Nobody would had imagine an exchange like FTX to just vanished.
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libert19
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November 13, 2022, 01:32:32 AM |
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Panic = FOMO FUD suits better with panic tbh
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Sayeds56
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stead.builders
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November 13, 2022, 05:45:38 AM Last edit: November 13, 2022, 07:21:24 AM by Sayeds56 |
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I think in my current situation this topic doesn't suit or maybe ita the best time to post such content I don't know as i am speechless due to this freaking manipulated market crisis. So some teams fucked my dear Bitcoin again haha never mind its not the first time we can do the same with them soon in near future.
I think there is no problem in discussing the bear market mistakes those we all make during the bear run because it looks very relevant to current depressing situation triggered by collapse of FTX. In such kind of situation new traders are often tempted to catch falling knife believing that it is available at very low price and at the end usually they suffer losses so the lesson we learn from experience is that never buy when market is extremely volatile and directionless.
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Ararbermas
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November 13, 2022, 06:50:03 AM |
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for me its not too hard to prevent if we really have a specific strategy in every trade because we will focus only and we knows that afterwards we will still win in any circumstances. I know mostly failed because of that reason but if your mindset is good and you always put efforts to train your skills and strategies surely it's not a problem anymore.. Just put trust on your self especially if you already knows how the market really works.
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GeorgeJohn
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November 13, 2022, 08:01:51 AM |
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I think in my current situation this topic doesn't suit or maybe ita the best time to post such content I don't know as i am speechless due to this freaking manipulated market crisis. So some teams fucked my dear Bitcoin again haha never mind its not the first time we can do the same with them soon in near future.
I think there is no problem in discussing the bear market mistakes those we all make during the bear run because it looks very relevant to current depressing situation triggered by collapse of FTX. In such kind of situation new traders are often tempted to catch falling knife believing that it is available at very low price and at the end usually they suffer losses so the lesson we learn from experience is that never buy when market is extremely volatile and directionless. Your concept is really understanding and it's what everyone who is a trader will advice or encourage the new offspring of cryptocurrency traders, so from my view and additions for your contribution, market is supposed to be venture into when the market is really in dip, sometimes if we follow some of the analysis of people concerning bearish season it may land us into the negative impact of trading or investment.
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lixer
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November 13, 2022, 04:28:22 PM |
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I think the biggest mistake we make in bear market is that we put all our funds in one go to buy digital asset when it starts recovering after crash hoping that market is oversold, and price recovery has started. Unfortunately, this recovery process is short lived and price slides down further and we are not left with any funds to do dollar cost average our portfolio. The best strategy is making buying in at least 3 steps by when you see opportunity on weekly or monthly technical charts.
DCA can be an optional strategy but what is wrong with what you said is when they invest in a recovering market. That's not a proper way to invest but we should observe first if the market is getting stable and it seems the bottom is already reached out. That should be the time for us to invest and not when it's recovering because that can only be a bull trap. Bull traps have happened many times during this bear market. I just noticed that the op included short term investment but I think there is nothing wrong with that because volatilities are also active whenever there is a bear. It's always possible for us to buy low and sell after some small recovery.
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Hamphser
Sr. Member
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Vave.com - Crypto Casino
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November 13, 2022, 06:52:45 PM |
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I think the biggest mistake we make in bear market is that we put all our funds in one go to buy digital asset when it starts recovering after crash hoping that market is oversold, and price recovery has started. Unfortunately, this recovery process is short lived and price slides down further and we are not left with any funds to do dollar cost average our portfolio. The best strategy is making buying in at least 3 steps by when you see opportunity on weekly or monthly technical charts.
DCA can be an optional strategy but what is wrong with what you said is when they invest in a recovering market. That's not a proper way to invest but we should observe first if the market is getting stable and it seems the bottom is already reached out. That should be the time for us to invest and not when it's recovering because that can only be a bull trap. Bull traps have happened many times during this bear market. I just noticed that the op included short term investment but I think there is nothing wrong with that because volatilities are also active whenever there is a bear. It's always possible for us to buy low and sell after some small recovery. But the question is, how you would consider or able to find out that the market is already bottoming out? This is the toughest thing on where we do really face on which we can't really be able determine on where. But cant really be denied that this is the most common action where people do really be able to do so on which they are really making investment or buying decisions on the time that the market is really going up. Dont know on such scenario but this is really he behavior of most investors we do have here on crypto space.Mistakes are inevitable since we are really just that too emotional but with proper knowledge that we could really get on real experience then we would able to bare and get used into such condition and realize that its never been easy and realize on when is the ideal time for us to get in.
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deathcode
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November 13, 2022, 07:47:05 PM |
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I think all the mistakes are basically we have to have good emotional control. We can reduce all the risks of mistakes that you mentioned and which usually occur when we really control our emotions. When we really have good emotional control, we are automatically not easily consumed by panic, doing rash things like overtrading. And of course good emotional control will ultimately have a better impact on our mental health in pursuing the world of trading, right? It's not easy to master emotions, but at least we have to get used to it, at least we have to be able to think clearly and calmly under any circumstances.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Viscore
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 13, 2022, 09:59:13 PM |
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However, if you are still a newbie in trading, never expect that you can actually avoid all of them as most of the newbies are prone to commit mistakes because it’s the only way where they can learn and improve from their own mistakes. But I believe with a lot of years they keep on trading, they will eventually learn to avoid these common traders pitfalls because they also start to grow along with their experiences.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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kapalmabur
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 13, 2022, 10:44:09 PM |
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However, if you are still a newbie in trading, never expect that you can actually avoid all of them as most of the newbies are prone to commit mistakes because it’s the only way where they can learn and improve from their own mistakes. But I believe with a lot of years they keep on trading, they will eventually learn to avoid these common traders pitfalls because they also start to grow along with their experiences. Actually there are a lot of things to avoid in a bear market and those newbies can actually learn from the existing experience, but it must also be realized that in the newbie stage I think making mistakes is a natural thing, besides that with these mistakes they indirectly learn and that's the most important thing
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worle1bm
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 14, 2022, 06:51:11 AM |
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Also depends on the choice of coin you have in your mind or what crypto you are exactly holding during the bear times because if you are having some fake token or meme coin which have no future ahead and you know they won't survive this bear market and would be dumping afterwards so will you be holding it for long term? Not at all so the factors change with your strategy and coin you are holding.
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maydna
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November 14, 2022, 07:47:13 AM |
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~snip~
therefore we must have a target to take profit. many of us when the bull market takes place full of confidence the market will continue to rise. That greed will lead us to disappointment for missing the opportunity that has come. if the target has been met and we take profit then we just have to wait for the market reaction, if the market continues to rise, then let it be because many of us also regret selling it, actually no one knows the direction of the next movement If we can not control greed, we will not be able to take advantage of what is in front of us because we still want even greater profits. Even so, this cannot always happen, considering market conditions always change. And if after we make profits, it turns out that market conditions are still improving, we don't need to regret it because we still have the opportunity to take profits again later. The important thing is that we keep trying to get it. ~snip~
When you don't have self-control and don't have a definite target, it's very difficult to take advantage of it properly. many of the traders fail to take profit, they do not target the price that has been set at the beginning. which in the end when the market goes down this will make them more panicked and sell at a price that is too cheap so that they will get little profit, even no profit at all. Greed and panic will make the trade even more destroyed, there will be no strategy that can overcome it if you do not have self-control over the greed and panic that occurs. That means they don't make a lot of profit but can get a loss because they sell when the price drops again. This has happened to many traders who could not take advantage of the bullish moments that occurred for some coins, so they were too late to take profits. Even if they could do it, they would benefit greatly. Greed and panic will make the trade crash, and you will not be able to take advantage of it. ~snip~
I do understand that not many people could survive this period and that is unfortunate but common. I am not saying that not everyone should survive, I hope everyone would but the reality is that many people will sell and fear the drop and will lose money when it goes down. Plenty of people bought at 21k because they thought it would go up, and then sold at 16k because they thought it would go down, instead of doing vice versa. What matters is we should not do that and if you are wise enough not to do that then it would work out for you. I personally don't really care about the ups and downs because it’s a temporary thing, so I can hold for many years without care. If they are not afraid of a decline and can become strong people holding their coins, later they will be able to smile again, seeing their coins increase again. Not many can do it because it's very hard but at least we should try to try it for our own good. If we continue like that, when will we be able to take big profits when the market is bullish again? We must be able to survive in the current bearish condition and as much as possible, use this moment to buy more because this is the only chance we have instead of regret. And before the regret gets bigger, we should keep trying to survive and buy whatever we can but don't buy with all the money we have because that is not recommended instead, buy it gradually.
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