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Author Topic: Don't do this mistakes in trading  (Read 1380 times)
Awwal08
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July 08, 2024, 04:59:32 PM
 #161

Talking about trading with money that you cannot afford to lose, you want to start trading does not mean that you will be gaining a lot of profit, and does not guarantee you to invest a huge amount of capital  in your trading, what if you do so and you end up losing you should said good bye to the money,  because you won’t be able to retrieved it back again and you will be broken, so if you are trading, you should trade with amount of money that even if you lose, you will not break down and you will be able to stand on your feet again.

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July 13, 2024, 03:15:38 PM
 #162

The most reason traders are losing is because of greed. They will make profit but still keep the position opens but later the market might go another direction and they may lose. The second thing is that they can be using high leverage which will be resulting to liquidation. But a trader needs good strategies to make profit than loss while patience and low leverage are important. Also not to be trading shit coins is important.
What mostly turned down the hands of trader is trading between altcoin especially newly listed coin the manipulative effects is much therefore while delving into the market one should limits trading between altcoin or just focused on bitcoin and usdt except, that trading is not a greedy trader where he could be able to sell whenever few percentage of profits is being accumulated from the alts. Alt isn't a coin to hold till a new trades is open so the best before closing one should be able to hold a reliable coin could be btc or usdt just to make sure their equity is secured.

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July 13, 2024, 04:08:07 PM
 #163

That is the truth, I was in that category as a newbie in the past, when people will be trading their coins to take profits, I will not follow their steps to take profits because the spirit of greed was inside me and it always make me regret at the end.

But since I became an expert in crypto trading, it hard for me to miss profits in every bull run in the market, because I use to trade when majority of traders are trading to make plenty profits from the market which is the same time I will visit the market to trade too.

I guess good strategy is profitable to traders, which is very important for newbies to always make use of strategy that will make them profit all the time in the market.
Yes, everyone has of course felt the bad effects of their trading and I have felt it too. Indeed, greed can cause us disaster or have a bad impact on our finances. Indeed, no one can read price movements in the market, trading movements are very wild. To minimize losses from our trading, we must use Stop Loss and TP in our trading. Even though we don't get big results, of course we are grateful to get profits from there. If this is repeated often by you then the results are quite profitable for us.

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July 13, 2024, 04:41:45 PM
 #164

The most reason traders are losing is because of greed. They will make profit but still keep the position opens but later the market might go another direction and they may lose. The second thing is that they can be using high leverage which will be resulting to liquidation. But a trader needs good strategies to make profit than loss while patience and low leverage are important. Also not to be trading shit coins is important.
When one goes into futures trading, a lot of greed works in him because he thinks that if the price of that token or coin moves further towards his entry, he can make a good amount of profit very quickly, preventing him from closing the position. Later it turns out that all the money has to be lost due to liquidation. Again, in the case of spot trading, many people invest in the wrong coin to get high profits quickly, and after holding it for a long time, if the price crashes later, it does not recover. The result is loss. If you can't control greed, you have to lose in all sectors.

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July 14, 2024, 06:18:08 AM
 #165

The most reason traders are losing is because of greed. They will make profit but still keep the position opens but later the market might go another direction and they may lose. The second thing is that they can be using high leverage which will be resulting to liquidation. But a trader needs good strategies to make profit than loss while patience and low leverage are important. Also not to be trading shit coins is important.
When one goes into futures trading, a lot of greed works in him because he thinks that if the price of that token or coin moves further towards his entry, he can make a good amount of profit very quickly, preventing him from closing the position. Later it turns out that all the money has to be lost due to liquidation. Again, in the case of spot trading, many people invest in the wrong coin to get high profits quickly, and after holding it for a long time, if the price crashes later, it does not recover. The result is loss. If you can't control greed, you have to lose in all sectors.

Yeah, most of the time that kind of misconceptions leads traders to lose a lot of money, unknowingly that the market fluctuates to any directions makes you feel more aggressive, those who manage to earn some will push for more and think that they already knew how the market moves but a mistake can cause them losing more.

You need to keep learning and improving your understanding and not just putting your position a same like gambling to your fate, spot trading needs a lots of efforts to plan your position not just put it on and let it roll.

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July 16, 2024, 04:44:38 PM
 #166

Talking about trading with money that you cannot afford to lose, you want to start trading does not mean that you will be gaining a lot of profit, and does not guarantee you to invest a huge amount of capital  in your trading, what if you do so and you end up losing you should said good bye to the money,  because you won’t be able to retrieved it back again and you will be broken, so if you are trading, you should trade with amount of money that even if you lose, you will not break down and you will be able to stand on your feet again.

You should avoid trading thinking that you will always make a profit when you start trading. Because you have to change your thinking that you will always make a profit. Because if a new person wants to trade, he can start trading after gaining good experience about trading.  It can be very good. But some time experienced investors are faced with lot of losses.

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July 19, 2024, 11:55:53 AM
 #167

That is the truth, I was in that category as a newbie in the past, when people will be trading their coins to take profits, I will not follow their steps to take profits because the spirit of greed was inside me and it always make me regret at the end.

But since I became an expert in crypto trading, it hard for me to miss profits in every bull run in the market, because I use to trade when majority of traders are trading to make plenty profits from the market which is the same time I will visit the market to trade too.

I guess good strategy is profitable to traders, which is very important for newbies to always make use of strategy that will make them profit all the time in the market.
Yes, everyone has of course felt the bad effects of their trading and I have felt it too. Indeed, greed can cause us disaster or have a bad impact on our finances. Indeed, no one can read price movements in the market, trading movements are very wild. To minimize losses from our trading, we must use Stop Loss and TP in our trading. Even though we don't get big results, of course we are grateful to get profits from there. If this is repeated often by you then the results are quite profitable for us.
A stop-loss strategy is quite effective, but yes, this won't give us an excuse for losses, it can still happen to anyone despite how long we've been trading. As a trader, committing mistakes is not a new thing, but repetitive mistakes are not good anymore. Therefore, as much as possible, we have to go deeper into market understanding. We never aim for perfection, for it is impossible, but at least we are close to possibility. That is why TA is a very important tool that a trader must have because it gives a lot of help in making decisions that give us positive results. We don't mind if this is hard because what we are trying to do is become better and more profitable, which gives us no option to disregard. 

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pusaka
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July 20, 2024, 08:51:44 AM
 #168

Yes, everyone has of course felt the bad effects of their trading and I have felt it too. Indeed, greed can cause us disaster or have a bad impact on our finances. Indeed, no one can read price movements in the market, trading movements are very wild. To minimize losses from our trading, we must use Stop Loss and TP in our trading. Even though we don't get big results, of course we are grateful to get profits from there. If this is repeated often by you then the results are quite profitable for us.
A stop-loss strategy is quite effective, but yes, this won't give us an excuse for losses, it can still happen to anyone despite how long we've been trading. As a trader, committing mistakes is not a new thing, but repetitive mistakes are not good anymore. Therefore, as much as possible, we have to go deeper into market understanding. We never aim for perfection, for it is impossible, but at least we are close to possibility. That is why TA is a very important tool that a trader must have because it gives a lot of help in making decisions that give us positive results. We don't mind if this is hard because what we are trying to do is become better and more profitable, which gives us no option to disregard. 
Losses are a normal thing when we trade, but as you said if we continuously experience losses and are caused by the same mistakes then that is not good either, because on that basis we cannot learn from the mistakes we have experienced in the past. the past, so that we continue to feel the losses from the same mistakes.
The strategy of placing a stop loss or take profit is a strategy that many traders use, they minimize losses that way, or they prevent themselves from being greedy by setting a take profit target. However, some traders who have very large capital usually carry out different strategies, of course with greater risks too. But it will come back to ourselves because all decisions are in our own hands.

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CageMabok
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July 20, 2024, 10:09:53 AM
 #169

You should avoid trading thinking that you will always make a profit when you start trading. Because you have to change your thinking that you will always make a profit. Because if a new person wants to trade, he can start trading after gaining good experience about trading.  It can be very good. But some time experienced investors are faced with lot of losses.
Trading anywhere is almost the same as working, so every trader deserves to have the hope of making a profit because that is the main goal. However, I also agree that every trader does not have to instill the idea of ​​always making a profit, although this does not mean that every trader has to lose because losses can still be avoided as long as every trader is willing to wait for a better moment when the market is in bad conditions. But what's strange here is that you equate traders with investors, even though investors are only more involved in buying and holding their assets for the long term and that is very different from any trader who will immediately sell when they see profits in front of their eyes.

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Egii Nna
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July 20, 2024, 09:07:56 PM
 #170

Talking about trading with money that you cannot afford to lose, you want to start trading does not mean that you will be gaining a lot of profit, and does not guarantee you to invest a huge amount of capital  in your trading, what if you do so and you end up losing you should said good bye to the money,  because you won’t be able to retrieved it back again and you will be broken, so if you are trading, you should trade with amount of money that even if you lose, you will not break down and you will be able to stand on your feet again.

Actually, you have made a good point, but that still doesn’t determine that you will lose all that you use for trading in one night because there are some technical techniques that are applied, like STOP LOSS. When you apply them, they will actually help you in many ways, because it will be very hard for you to lose whatever you have been working for in a night, and that still doesn’t mean you should go and do what will end up in your life because trading is very risky, but it is sometimes more favourable than gambling. 
 
But if it is for greediness, I will fully support you because if you end up as a greedy person in anything in this life, you will definitely regret it in the future, no matter what you must regret because greediness will never favour you in any manner. 

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July 20, 2024, 09:37:20 PM
 #171

Talking about trading with money that you cannot afford to lose, you want to start trading does not mean that you will be gaining a lot of profit, and does not guarantee you to invest a huge amount of capital  in your trading, what if you do so and you end up losing you should said good bye to the money,  because you won’t be able to retrieved it back again and you will be broken, so if you are trading, you should trade with amount of money that even if you lose, you will not break down and you will be able to stand on your feet again.

If you want to start trading you can start with Little amount so that you can use it for practical because to much of theory you won’t learn. Prepare your mind that you are going to add up your learning with practical that is how we are going to learn. And even if you don’t make anything during your practical sessions you won’t bother that much since the money is little and it is something you can afford to lose and that is the reason they will tell you to use the money you can afford to lose. The moment you know you have improved you can gradually increase the capital and even if you have increased the capital you still need to follow guidelines to reduce the risk of losing your money. If the person is broken it’s good that way you can prepare for the worst because losing money is something you must always have in mind. And the problem is you can not always continue with small amount of you actually want to make money from trading, their is always a lot to learn but as you are learning the same time make sure you are practicing it, to get better at it.

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Dewi Aries
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July 21, 2024, 07:18:32 AM
 #172

Talking about trading with money that you cannot afford to lose, you want to start trading does not mean that you will be gaining a lot of profit, and does not guarantee you to invest a huge amount of capital  in your trading, what if you do so and you end up losing you should said good bye to the money,  because you won’t be able to retrieved it back again and you will be broken, so if you are trading, you should trade with amount of money that even if you lose, you will not break down and you will be able to stand on your feet again.

You should avoid trading thinking that you will always make a profit when you start trading. Because you have to change your thinking that you will always make a profit. Because if a new person wants to trade, he can start trading after gaining good experience about trading.  It can be very good. But some time experienced investors are faced with lot of losses.

It's true, basically all traders certainly make profit a goal and priority, but involvement in trading must also be based on a correct understanding of what and how the world of trading really is, at least you know the concept of profit and loss, in the sense of knowing that trading has potential. which is profitable but follows also by realizing that risk will always be part of the possibility.

And by having a basic understanding like that, I think it is unlikely for a beginner trader to have a thought pattern that is not recommended, such as thinking that when they are involved in trading they will always be able to get a lot of profit, or thinking that trading is an alternative to getting rich. a moment. That's wrong, and actually trading is almost the same as work in general where you have to sweat a lot to make money, but the difference is that trading is a type of non-physical work, but the point is of course working hard in learning and also by training your inner personality such as patience. and other things related to risk management are the key to success, but we also have to understand that there is no end to learning if we don't want to experience losses that are greater than the profits, because the more knowledge and skills, the greater it will be. the chance of profit and the possibility of loss will also be smaller.

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