Don't do this mistakes in trading

[justdimin]

Those two things are the most problematic and hard to control if you are just starting. It's definitely important to have that money management/ risk management when you are handling your portfolio. It's going to be a hard thing to recover if you have lost it all and have no control. As long as you see in the long term that you would be able to grow your portfolio, it's not a bad thing to consider.

Don't be greedy as well. It's tempting but it's not a good thing to do.

Yeah true, if we deal with a newbie who just goes all in, with a high leverage, we know that the likely result would be that they will lose all their money, and even if they don't lose it at that trade, we know that they will get hyped and do it again and again until they lose it all. I believe that's important and should not be really a big deal, we need to consider that we may not do something major if we are not careful about it.

I hope that people could focus on what we can do, and we should just take it slow and not risk everything we have, it is going to end up with a trouble if we do that and I think it is quite reasonable to make small amount of profit we do not know what we are doing, don't risk anything major.

[cryptoWODL]

We all have to accept risk in trading because no one can accurately say whether he will make a profit or a loss by trading. We cannot think of success in our trading unless we have to stop greed and emotion in trading. Greed is the worst habit be it any kind of trading or investing. If you can't control your greed, you can lose everything at some point. Due to excessive greed, many investors have lost a lot of their money because once they invest and lose, due to greed, they try again in the hope of profit, but later they lose again.

In my view I saw an investor who invested in various alt coins hoping for extra profit. He knew that investing in alt coins is very risky but he got greedy and started investing there hoping to make more profit and ended up losing half of his money in few days. I learned from his investment that greed blinds people. People can do anything when they get greedy. In the case of trading or investment, we have to control our excess greed and then trade or invest.

[pinggoki]

Greed is the major culprit. Be it trading or any sort of investment. If you can’t control the greed then ultimately you will end up losing everything. The easiest way to tackle greed is to use targets. Keep profit targets per trade or investment. Once the target is achieved just sell the coins and book the profits. And yes if you are a beginner, then it’s always advised to manage the finances. Just start with small amount and invest only that amount that you can afford to lose. As the money will be in risk for the profits.

That's the bane of mankind, greed leads us astray the most, everyone wants money and power and those that want to control a lot of people are advocating being greed, not in a loud way but a subtle, they want you to dream of a good wife, good job, a family and many other material things, they want us to believe that money is what makes this world, at least it's true but these people that want to control us make it an issue so we fight against each other but I digress, I think that this greed thing isn't easily rid of in a person, probably the best thing to do is to be an open minded as a person and learn to be content, rather than ridding greed altogether why not learn the opposite of greed and practice it even more than being greedy? That's more manageable for some and if they're not able to cure that greed in their heart, at least they're aware that they could do better.

[pusaka]

Those two things are the most problematic and hard to control if you are just starting. It's definitely important to have that money management/ risk management when you are handling your portfolio. It's going to be a hard thing to recover if you have lost it all and have no control. As long as you see in the long term that you would be able to grow your portfolio, it's not a bad thing to consider.

Yeah true, if we deal with a newbie who just goes all in, with a high leverage, we know that the likely result would be that they will lose all their money, and even if they don't lose it at that trade, we know that they will get hyped and do it again and again until they lose it all. I believe that's important and should not be really a big deal, we need to consider that we may not do something major if we are not careful about it.

Never mind beginners, even professional traders need to pay close attention to financial management and risk management, because if you don't pay attention to this you might lose more money. Yes, even though they are professional traders, there is no guarantee that they will always make a profit in every trading activity they carry out. So risk management or financial management is a basic thing that must be studied and applied in every trade we do. Don't trade without applying this basic knowledge, because that will be risky.

Don't be greedy as well. It's tempting but it's not a good thing to do.

In any case, greed will have a negative meaning, because it is a word that describes dissatisfaction with something we already have. Greed will cause initially profitable trades to turn into losses. For example, we are already in a very profitable situation and have achieved the target we set at the beginning. However, because of greed, we end up missing out on the profits that are right before our eyes because we want even bigger profits. That's what ultimately turns a trade that was initially profitable into a big loss.

[gunhell16]

Those two things are the most problematic and hard to control if you are just starting. It's definitely important to have that money management/ risk management when you are handling your portfolio. It's going to be a hard thing to recover if you have lost it all and have no control. As long as you see in the long term that you would be able to grow your portfolio, it's not a bad thing to consider.

Yeah true, if we deal with a newbie who just goes all in, with a high leverage, we know that the likely result would be that they will lose all their money, and even if they don't lose it at that trade, we know that they will get hyped and do it again and again until they lose it all. I believe that's important and should not be really a big deal, we need to consider that we may not do something major if we are not careful about it.

Never mind beginners, even professional traders need to pay close attention to financial management and risk management, because if you don't pay attention to this you might lose more money. Yes, even though they are professional traders, there is no guarantee that they will always make a profit in every trading activity they carry out. So risk management or financial management is a basic thing that must be studied and applied in every trade we do. Don't trade without applying this basic knowledge, because that will be risky.

Don't be greedy as well. It's tempting but it's not a good thing to do.

In any case, greed will have a negative meaning, because it is a word that describes dissatisfaction with something we already have. Greed will cause initially profitable trades to turn into losses. For example, we are already in a very profitable situation and have achieved the target we set at the beginning. However, because of greed, we end up missing out on the profits that are right before our eyes because we want even bigger profits. That's what ultimately turns a trade that was initially profitable into a big loss.

Greed has never done anything good to any traders here in the crypto business, and apart from that, it doesn't matter whether you are rich or poor; you can have it, honestly.
If you let yourself get over it,.

Sometimes, when we see that the profit that we are getting is good, instead of the profit that we should be able to release, we sometimes think that it will increase, thinking that it will raise more, and then boom, all of a sudden, it will suddenly fall unexpectedly. There is an income that would have been lost suddenly.

[Volimack]

One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.

[Asiska02]

Greed is the biggest reason why many traders lose money while trading. If there’s some sense of greed in a trader to win big always even when they can be winning gradually before reaching their target goal, they always blow up their account and won’t get to win anything in the end. It is necessary to always take profit when the opportunity comes, always wanting to win big can cause you loss of capital and discouragement to continue trading.
Another point I would like to add is risk management, a trader without this can also not make it in trading and can easily get discouraged too. Know how much you can give up on a trade, know when to go into a trade and when to back out. Allow the market play its way and don’t try forcing it to play your way.

[Ultegra134]

I'm sorry OP but these two points you mentioned are nothing but unique. Actually, you'll find this kind of advice all over the forum, you haven't pointed out anything that's particularly exclusive to justify the opening of a new thread. Although what you mentioned is true, greed and spending more money than you can actually afford, are two of the largest plagues, especially for a beginner, it has been mentioned several times already, luckily though, some users have added their feedback as well.

[SOKO-DEKE]

     
1. Trading money that you can't afford to lose

Those with an unwavering desire for rapid wealth become trapped in a web of trade operations that exceed their means. Their unquenchable thirst for wealth makes them oblivious to the basic truth that trading involves risks and that wise investing should only include money one can afford to lose. Unfortunately, their unwavering quest for wealth breeds a delusion of wisdom that causes them to make poor choices. The unpleasant truth about trading is that one could lose everything and never have any more trading opportunities.

     
2. Greed

The enemy that many traders face and speeds up their demise is greed. The belief that the coins they are trading will always rise forces them to hang onto their assets even when profits are ready to be taken. Because so many people nearly 90% end up losing money when their treasured coins suddenly take a sharp decline, this unquenchable greed creates a vicious cycle of disappointment. The exact greed that propels them to trading success in the first place thus serves as a sign of their demise, sending them into a state of hopelessness and financial disaster.

[pusaka]

In any case, greed will have a negative meaning, because it is a word that describes dissatisfaction with something we already have. Greed will cause initially profitable trades to turn into losses. For example, we are already in a very profitable situation and have achieved the target we set at the beginning. However, because of greed, we end up missing out on the profits that are right before our eyes because we want even bigger profits. That's what ultimately turns a trade that was initially profitable into a big loss.

Greed has never done anything good to any traders here in the crypto business, and apart from that, it doesn't matter whether you are rich or poor; you can have it, honestly.
If you let yourself get over it,.

Sometimes, when we see that the profit that we are getting is good, instead of the profit that we should be able to release, we sometimes think that it will increase, thinking that it will raise more, and then boom, all of a sudden, it will suddenly fall unexpectedly. There is an income that would have been lost suddenly.

So that is the impact of greed that we will feel. Therefore, we must be able to eliminate or at least control ourselves to avoid greed which will make us regret it.
Therefore, planning or having a profit target is something that can minimize our greed. If we apply a profit target we can immediately get out of trading, it doesn't matter whether the market will be much more profitable or not, because the most important thing is that we can feel what we wanted at the start.
As traders, this is something that must be truly understood and also applied properly in the trading activities that we carry out. Setting targets is a good thing to prevent greed from controlling us.

[AnonBitCoiner]

One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.

People are opening trading without knowledge because they have heard that trading is the only way that can make you rich very quickly but they have misconceptions about trading because trading is not easy to do but is full of dangerous events.

Not only newbies but experts also do mistakes and there is no solution to these mistakes because the reason of their fault is unpredictable prices and alterations of worth in a matter of second.

Use YouTube, Google and some Telegram groups through which h you become able to do trade so then you will not fall into faulty condition that lead to only loss. Knowledge is must for taking decision and most important thing is that a person with knowledge have control on choosing a suitable coin for bull season.

[nara1892]

One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.

But I think this kind of mistake is more often made by beginners who have just come to get involved, the mistake is as you say that they are careless in making decisions without being accompanied by a correct understanding of the world of trading and I don't understand what you call other mistakes such as they don't think about selling at high prices because obviously this mistake will not exist in the mindset of someone who has been involved in trading for a long time.

 In my opinion, it is a general mistake that is often made or difficult to ignore by traders whether they are beginners or even old ones, namely in terms of self-control where most of them find it difficult to control their emotions when the previous session ends in a loss where obviously such a situation will be able to disturb their calmness and psychology in terms of making decisions which in the end make decisions that are not right because they are based on emotions, therefore if for example we want to become a successful trader then not only in terms of the material that we must learn and understand but also the following by training ourselves, such as mental and psychological which is the basis for decision making.

[sulendra12]

It's always a greed that causes all of this at first because once the greed takes in then more problem most likely will appear. For example the greed to recover losses and gaining more profit makes you lose your management and your emotion control which makes your trading lose and if you are greed then you have no sense of stop, pretty much you will use the money that is not supposed to use so that's more trouble for that person.

[Cryptomultiplier]

I think that in adhering to the positive things one should do before trading, the mistakes that are negative will be automatically avoided naturally.

Trading with money one can't afford to lose sometimes is the risk taking for some and there's no individual who truly knows better how much it is they are willing to lose when they get so interested in quick expected returns.
It's the discipline to be more decisive and focused that every potential or practicing trader should enforce inorder to be more successful at trading.

[South Park]

One of the biggest mistakes in trading is to open a trade without understanding and thinking of selling at a high price which is a decision without considering the range. Both the newbies and the old ones make a lot of mistakes in this field to increase the profit share and finally come out of trading with loss. If someone follows your advice, they will hopefully be able to play a more effective role in decision making.

Ignorance about what people are getting into is probably the number one reason they suffer huge losses on the markets, and we have evidence of this all over the forum, with newbies asking in which meme coin they should invest to make millions in a matter of weeks, and when we try to convenience them that is not how the markets work, they accuse us of trying to limit them or of being ignorant ourselves, and only once they taste defeat they reconsider the position they held, but at the time their losses are already too big to ignore.

[Bushdark]

I'm sorry OP but these two points you mentioned are nothing but unique. Actually, you'll find this kind of advice all over the forum, you haven't pointed out anything that's particularly exclusive to justify the opening of a new thread. Although what you mentioned is true, greed and spending more money than you can actually afford, are two of the largest plagues, especially for a beginner, it has been mentioned several times already, luckily though, some users have added their feedback as well.

What I know now that we would always make mistakes in trading especially when we are new to trading and don't have good knowledge of what to do when we can in some certain situations. Fine woman mistakes with time onw can adjust and make things easy and spend some times to learn more for a better kick off. We can make mistakes but when we are not ready to improve, we could find ourselves in a big shit that might be difficult to resolve.

[mirakal]

I'm sorry OP but these two points you mentioned are nothing but unique. Actually, you'll find this kind of advice all over the forum, you haven't pointed out anything that's particularly exclusive to justify the opening of a new thread. Although what you mentioned is true, greed and spending more money than you can actually afford, are two of the largest plagues, especially for a beginner, it has been mentioned several times already, luckily though, some users have added their feedback as well.

Well you have your point here. But let’s just think for the upcoming beginners that will bump on this thread. While this sounds already redundant, but still a worth topic to discuss.

Now back on the topic, these two you have pinpointed are actually the reasons why traders end up losing so much. However, I think the very most reason why traders lose is that they don’t have control on their emotions. Even if they say they have gained high knowledge and experience with trading, but the fact that they trade based on their emotions that will lead them to wrong decision making, then their trades will still most likely end as failed or loss trades. Trading is a game of mental and emotional aspects, if you don’t excel on that, you will never be good in your trading performance.

[Hamza2424]

It's always a greed that causes all of this at first because once the greed takes in then more problem most likely will appear. For example the greed to recover losses and gaining more profit makes you lose your management and your emotion control which makes your trading lose and if you are greed then you have no sense of stop, pretty much you will use the money that is not supposed to use so that's more trouble for that person.

Hmm, it's not all about greed only, yup there's a significant role of greed what I think where most people fall into the trap of the market is the un-disciplined nature as a core principle of trading, discipline helps to control the greed, and other sort of emotions while trading.

People check the social media and forum full of tips & tricks and by them selves as well they post and pretend like they are following most of the rules TBH, just 5% of them are the reallf followers of their own words even myself, in my early trading days was just posting these tips not following but form quite some time I've implemented them strictly and there's a massive difference in my outcomes from the market.

[Sorryfor]

Being too greedy in trading leads to losses at the end of the day. So in trading you must control your emotions and trade only the amount you can afford to lose And before trading you must try to get detailed knowledge about this. There are many traders who have been trading for years but they are not able to make such good profit at the end of the day, in this case the trader may not know about many things that how to do it. No you must keep in mind that there is a possibility of loss while trading and you have to keep in mind to make profit through this loss and be patient and trade with proper strategy. So hopefully you can earn good amount of profit from here.

[batang_bitcoin]

Being too greedy in trading leads to losses at the end of the day. So in trading you must control your emotions and trade only the amount you can afford to lose And before trading you must try to get detailed knowledge about this. There are many traders who have been trading for years but they are not able to make such good profit at the end of the day, in this case the trader may not know about many things that how to do it. No you must keep in mind that there is a possibility of loss while trading and you have to keep in mind to make profit through this loss and be patient and trade with proper strategy. So hopefully you can earn good amount of profit from here.

Always trade with the amount that you can afford to lose. Not every trader earns a lot but most of them got through several experiences and bad trades and that's why if many of them are earning really well, it's because that they've gained that through their stay in the market.
And we will never know how much losses and pain that they've been through just to understand how the market works and build their own trading strategies because not everyone goes to that point of being good as soon as they try trading. So whoever stays, are the ones that benefits and gets most of the market.