Common Mistakes people make in Trading

[barisbilgili]

LACK OF RESEARCH AND UNDERSTANDING: lack of research and understanding is the common mistake a lot of traders make due to willingness, eagerness, and impatient, they will involved themselves in trading without investigating and having proper knowledge, education and understanding on trading, and with having knowledge on the basics concepts of trading it helps to have a lots of experience on it and it will also serve as a guidance to the trader on how they are going to manage their marketing.

All jobs do require understanding and experience in order to be able to do it smoothly without any obstacles and of course this can be obtained through research and learning from people who already know it now. I think nothing is that difficult as long as we have more time to learn and also to do our own research after learning from several sectors for trading, so use your time wisely and don't need to make decisions in a hurry because it will also not be good enough for beginner traders.

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

[passwordnow]

The problem is, not all traders are patient enough to wait for the right set-up to trade as majority of newbies in trading are greedy and would want to earn get-rich-quick profits. That's probably the reason why majority at loss while only those early traders have been succeeding and are making sustainable profits when trading. Trading is not chasing profits at all cost, but it's certainly trading when there is a good opportunity to.

Why majority are losing in trading is because they are too greedy. You're right that many of them wants to get rich so quick in trading and they are testing strategies that doesn't go along with what suits them. And they think that trading is an easy financial game but their expectations are broken when they have face the real thing in the market. This is why do not expect that you'd always be good in everything that you're testing out. The good traders out there really make money but it doesn't mean that they have no mistakes that they commit.

What we can guarantee is that there is no 100% accuracy for trading. Losses are there even the best of the best gets some filthy moments and trades that are losing them. The mistake is by becoming too confident whenever someone is able to make a trade or two but this market relies on so many things and not just all about the charts. Sometimes it becomes connected to the world events, the actual market motion and more fundamentals. An ugly news can make someone happily trade with their positions and that's why from the mistakes that we commit, we should learn from it or better not trade at all when you can't go along with the tough market.

[Mame89]

All jobs do require understanding and experience in order to be able to do it smoothly without any obstacles and of course this can be obtained through research and learning from people who already know it now. I think nothing is that difficult as long as we have more time to learn and also to do our own research after learning from several sectors for trading, so use your time wisely and don't need to make decisions in a hurry because it will also not be good enough for beginner traders.

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

Everything we do well and seriously is certainly not complicated, including trading. Trading is actually quite complicated and even has a very high risk, but if you continue to learn and explore everything, trading is not complicated. The most important thing besides continuing to learn is to make failure or every time you trade an experience that must be continuously renewed because experience is the best teacher, frankly until now I have never tired of learning trading to become better because trading cannot be underestimated, if you don't want to experience a lot of losses.

In addition, what is needed when trading is to avoid emotions. Logic and emotion in trading are very much needed because both of these things can interfere with good decisions in trading. So to overcome this, we can practice with risk management techniques, such as determining when we should enter the market and when we should exit the market. It must be admitted that most traders make mistakes because they do not have good emotional control.

[pusaka]

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

I think it is difficult, if trading is easy then there should be no story where someone fails and has to lose a lot of money because of trading. Maybe it is more appropriate to say that something is difficult but if we continue to process and learn then over time we will find something or a way that can make it easier for us to take advantage of trading.
But I agree with you about laziness, I think everyone will have that kind of laziness, but what makes the difference is when we can fight it. Basically if we don't force ourselves we will feel lazy, but what I experienced was when we were able to fight that laziness by forcing ourselves, then one day it will become a habit and the laziness will automatically decrease.

[AmoreJaz]

LACK OF RESEARCH AND UNDERSTANDING: lack of research and understanding is the common mistake a lot of traders make due to willingness, eagerness, and impatient, they will involved themselves in trading without investigating and having proper knowledge, education and understanding on trading, and with having knowledge on the basics concepts of trading it helps to have a lots of experience on it and it will also serve as a guidance to the trader on how they are going to manage their marketing.

All jobs do require understanding and experience in order to be able to do it smoothly without any obstacles and of course this can be obtained through research and learning from people who already know it now. I think nothing is that difficult as long as we have more time to learn and also to do our own research after learning from several sectors for trading, so use your time wisely and don't need to make decisions in a hurry because it will also not be good enough for beginner traders.

In other words, don't rush yourself in acquiring knowledge in trading. It is not an overnight task to know it all in trading. Sometimes it would take years before you get the full grasp of what's going on in trading. As you explore different alts, you will also need to learn each of them to understand their market trend.

[Distinctin]

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

I think it is difficult, if trading is easy then there should be no story where someone fails and has to lose a lot of money because of trading. Maybe it is more appropriate to say that something is difficult but if we continue to process and learn then over time we will find something or a way that can make it easier for us to take advantage of trading.
But I agree with you about laziness, I think everyone will have that kind of laziness, but what makes the difference is when we can fight it. Basically if we don't force ourselves we will feel lazy, but what I experienced was when we were able to fight that laziness by forcing ourselves, then one day it will become a habit and the laziness will automatically decrease.

It's easy not to get lazy in educating yourself about trading but it seems not everyone is motivated enough to learn more simply because of greed and the desire of wanting get-rich-quick profits when we all know it won't be possible in trading. Trading is all about patience, so if you can't be patient in learning and chose to be lazy all the time, then there's no way you'll be profitable in trading.

[Webetcoins]

It's easy not to get lazy in educating yourself about trading but it seems not everyone is motivated enough to learn more simply because of greed and the desire of wanting get-rich-quick profits when we all know it won't be possible in trading. Trading is all about patience, so if you can't be patient in learning and chose to be lazy all the time, then there's no way you'll be profitable in trading.

If someone is lazy in getting education and knowledge is the biggest problem in recent time because I know many peoples those were ruined themselves just because of this laziness because they are doing things not as they are looking for and having bad results so this usually kill motivation and also having negative impact on person's life even with taking not good education and staying with greediness also never works with if you are capable of having good education and knowledge base this is always working for you and give you better motivation which is most important while you are having your stay into trading and other things in life.

In other words, don't rush yourself in acquiring knowledge in trading. It is not an overnight task to know it all in trading. Sometimes it would take years before you get the full grasp of what's going on in trading. As you explore different alts, you will also need to learn each of them to understand their market trend.

Always having better things and staying into middle of things works because usually lazy peoples suffer due to their lack of knowledge and lack of understanding as they are not doing things on time and suffering just like this we have few peoples those are tried to rush and this also give them setbacks because doing things like these in rush is also not ideal you need to be stayed on better way for having better results. For better understanding and having better results always try to stay on better lines because this is important with rushing or having lazy mind-set never works.

[Awaklara]

If someone is lazy in getting education and knowledge is the biggest problem in recent time because I know many peoples those were ruined themselves just because of this laziness because they are doing things not as they are looking for and having bad results so this usually kill motivation and also having negative impact on person's life even with taking not good education and staying with greediness also never works with if you are capable of having good education and knowledge base this is always working for you and give you better motivation which is most important while you are having your stay into trading and other things in life.

however, trading is not something that can be done by people who only rely on luck. there is a learning process that must be done to master trading well. this will be an important factor because it will only make your trading lose when you don't learn anything that a trader needs.
after you have the knowledge to trade, then with your trading experience you will automatically grow a positive attitude to manage your trading more comfortably. don't trade more often, maybe most people think trading more often will increase experience. but when you can't control your emotions, trading more often will only make you greedy and out of control.

[pusaka]

I think it is difficult, if trading is easy then there should be no story where someone fails and has to lose a lot of money because of trading. Maybe it is more appropriate to say that something is difficult but if we continue to process and learn then over time we will find something or a way that can make it easier for us to take advantage of trading.
But I agree with you about laziness, I think everyone will have that kind of laziness, but what makes the difference is when we can fight it. Basically if we don't force ourselves we will feel lazy, but what I experienced was when we were able to fight that laziness by forcing ourselves, then one day it will become a habit and the laziness will automatically decrease.

It's easy not to get lazy in educating yourself about trading but it seems not everyone is motivated enough to learn more simply because of greed and the desire of wanting get-rich-quick profits when we all know it won't be possible in trading. Trading is all about patience, so if you can't be patient in learning and chose to be lazy all the time, then there's no way you'll be profitable in trading.

It is easy for people who can fight laziness, unlike people who are still unstable, sometimes they are enthusiastic and sometimes they are lazy.
Yes, in trading we must have patience and patience will be achieved if we have a lot of positive energy in us. We can bring positive energy or we can create it, it depends on whether we want to activate it or not. Laziness is a form of negative energy and we must fight it so that positive things grow in us.
This will not be easy at all to do, because sometimes we just want to get something from instant ways without going through a long process, while in my opinion it can be said to be impossible if you want something instantly.

[shawonngp]

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

I think it is difficult, if trading is easy then there should be no story where someone fails and has to lose a lot of money because of trading. Maybe it is more appropriate to say that something is difficult but if we continue to process and learn then over time we will find something or a way that can make it easier for us to take advantage of trading.
But I agree with you about laziness, I think everyone will have that kind of laziness, but what makes the difference is when we can fight it. Basically if we don't force ourselves we will feel lazy, but what I experienced was when we were able to fight that laziness by forcing ourselves, then one day it will become a habit and the laziness will automatically decrease.

It's easy not to get lazy in educating yourself about trading but it seems not everyone is motivated enough to learn more simply because of greed and the desire of wanting get-rich-quick profits when we all know it won't be possible in trading. Trading is all about patience, so if you can't be patient in learning and chose to be lazy all the time, then there's no way you'll be profitable in trading.

There is no alternative way of research in trading that can be very successful without doing it, so lazy people will never success in the trading, they will lose everything today or after a few months, they can not control their greed to get quick rich in trading and can not keep patience due to lack of knowledge about strategy.

[GigaBit]

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

I think it is difficult, if trading is easy then there should be no story where someone fails and has to lose a lot of money because of trading. Maybe it is more appropriate to say that something is difficult but if we continue to process and learn then over time we will find something or a way that can make it easier for us to take advantage of trading.
But I agree with you about laziness, I think everyone will have that kind of laziness, but what makes the difference is when we can fight it. Basically if we don't force ourselves we will feel lazy, but what I experienced was when we were able to fight that laziness by forcing ourselves, then one day it will become a habit and the laziness will automatically decrease.

It's easy not to get lazy in educating yourself about trading but it seems not everyone is motivated enough to learn more simply because of greed and the desire of wanting get-rich-quick profits when we all know it won't be possible in trading. Trading is all about patience, so if you can't be patient in learning and chose to be lazy all the time, then there's no way you'll be profitable in trading.

Laziness may occur in learning. But a successful trader must keep an eye on that. If we embrace laziness we are deprived of learning which will cause us to lose out on change. It should be remembered that money never comes automatically to anyone. It has to be achieved. An apprentice must go through hard times to get proper education. Once that education is acquired, its benefits can be enjoyed throughout life. The biggest difference between a successful person and a failure is that successful people do not tolerate laziness. The most common mistake in the trading world is that many people start trading without knowing about trading. That is, starting trading without adequate knowledge is the most common mistake. I can compare knowledge in trading as the weapons in war.

[Septex]

One mistake they should not make as a trader is to trade without analyzing the market. There are many people who have no idea about trade. They just watch videos of some individuals or somehow know that there are many people who have made huge profits by trading. It becomes a huge mistake for them when they trade based on this alone. Because if they start trading only based on them then they are likely to suffer big losses. Because in order to trade a person must acquire enough knowledge about it and be a skilled analyst. It is seen that most of the time people make mistakes in this regard. Again in the case of trading long term trading is more profitable but it requires a considerable amount of time. But short time trading is a very tempting thing through which people can easily make money quickly as well as lose money on the contrary. But people like to get results very quickly due to which they are not patient and take trades for very short period of time. This also involves a lot of risk which is why I think it should not be done as a trader.

[Mahanton]

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

I think it is difficult, if trading is easy then there should be no story where someone fails and has to lose a lot of money because of trading. Maybe it is more appropriate to say that something is difficult but if we continue to process and learn then over time we will find something or a way that can make it easier for us to take advantage of trading.
But I agree with you about laziness, I think everyone will have that kind of laziness, but what makes the difference is when we can fight it. Basically if we don't force ourselves we will feel lazy, but what I experienced was when we were able to fight that laziness by forcing ourselves, then one day it will become a habit and the laziness will automatically decrease.

It's easy not to get lazy in educating yourself about trading but it seems not everyone is motivated enough to learn more simply because of greed and the desire of wanting get-rich-quick profits when we all know it won't be possible in trading. Trading is all about patience, so if you can't be patient in learning and chose to be lazy all the time, then there's no way you'll be profitable in trading.

Laziness may occur in learning. But a successful trader must keep an eye on that. If we embrace laziness we are deprived of learning which will cause us to lose out on change. It should be remembered that money never comes automatically to anyone. It has to be achieved. An apprentice must go through hard times to get proper education. Once that education is acquired, its benefits can be enjoyed throughout life. The biggest difference between a successful person and a failure is that successful people do not tolerate laziness. The most common mistake in the trading world is that many people start trading without knowing about trading. That is, starting trading without adequate knowledge is the most common mistake. I can compare knowledge in trading as the weapons in war.

We are all guilty with this or something that could inevitably happen into us and this is why there are people who do really succeed out and there are ones who do really fail and everything would really be that according into someones perception and  their views towards on the things that they are dealing with on which if you are someone whose really that serious when it comes to trading then of course you would really be needing up to exert effort and hardwork. You cant really just that make yourself that do some trades without applying any analysis or simply effort on doing things like making up some research or any other correlated things.
Mistakes and errors are just that normal since we arent that perfect traders on which means that it is really that something that could inevitably for you to experience out and instead on seeing this to be negative then it would really be that better that you should treat it instead as a learning stone for you to become better. People are really just that too easily give up on the moment that they do experience these moments.

It is really that important that you would really be needing up for yourself to survive into this volatile market and not really just that simply easily give up when you experience some loses because we do know that
when it comes to this manner  then it will really be that basically needing up for you to learn and be wary on how things do really end up. You cant just able to get a good grasps towards trading with just few trades or few tries. On the moment that you do deal up with volatile market then you would really be needing up to sustain those challenges along the way. It would really be that up to someone on how they would be handling
out themselves when it comes into this aspect.

[Pandu Geddon]

But people like to get results very quickly due to which they are not patient and take trades for very short period of time. This also involves a lot of risk which is why I think it should not be done as a trader.

That is the attraction and also the pitfall of trading. beginners in trading are very eager to make money quickly. watching videos may provide knowledge related to the trading process or may show how to analyze the market. but the video will not explain how risky trading is for a beginner. maybe some video makers give warnings.
There are many aspects to learn in trading before a beginner tries their first trade. I will not say long-term trading will be less risky. because, for a beginner who is inexperienced, it is still very easy to move their mind.

For those who want to start trading, it may be better to find a mentor who can guide them first. videos may help but will not be optimal in providing experience and learning.

[boty]

There are many mistakes made by traders for various reasons according to their respective methods. A common mistake that often occurs is that traders are unable to control their emotions because they are too ambitious in pursuing instant profits. The stop loss system is the best way in trading to hold existing assets so that they remain in the same number of coins, which is usually done by high level traders, with the mistakes we have experienced becoming an experience so that the same mistakes don't happen again and we want to learn things the new one.

Not being able to control emotions when trading of course will make it difficult for someone to make the right decisions when trading because with emotions someone will trade in the hope of making a profit but they do not do any analysis on the trading they do which of course they will not be able to make the right decisions when trading.

I think everyone has a strategy that suits their abilities and of course they will be able to make a profit from it and anyone has ever experienced failure when trading and those who can learn from the mistakes they have made and fix them and no longer repeat the same mistakes when trading again.

[o48o]

We should know that trading is not a place for impatients. Successful traders believe there is a perfect time to sell and buy, that is why they wait, but most traders, especially newbies, never find it. This common problem that most traders face greatly impacts their trading career. That is why if they want to see success in this field, then it is necessary for them to change their trading approaches seriously and seek enough good ideas. It is hard to accept the truth, but trading is not an easy job that a trader should not underestimate.

Many traders had failed already; I think we used that as a tool to urge ourselves to learn more rather than following their footsteps and wrongdoings.

Every trader believes there is a perfect time to buy and sell, you don't have to be successful trader for that. In fact that's the sole reason why people even trade, becayse they believe that they know when to buy and sell. And waiting for a sell, isn't really a skill imho. It's just waiting. Some people wait because they are afraid to sell and they turn to investors instead. Waiting for the right time to buy can be because of being afraid as well. But it's not about waiting, but about timing. It's about following your plan, and sometimes acting fast or "panic selling" is actually worth it, if you sense that people will dump it more.

I know this could seem controversial to anyone who is "believing" the relevance of most TA indicators, but imho selling in time and buying in time is rarely because of research anyway, because there's really no way you can even prove you have beat the market by analyzing it. Especially when it comes to day trading.

[Dewi Aries]

All jobs do require understanding and experience in order to be able to do it smoothly without any obstacles and of course this can be obtained through research and learning from people who already know it now. I think nothing is that difficult as long as we have more time to learn and also to do our own research after learning from several sectors for trading, so use your time wisely and don't need to make decisions in a hurry because it will also not be good enough for beginner traders.

In trading, it is not that difficult, especially since we can continue to learn over time and it is undeniable that laziness or underestimating something causes many traders to skip this stage.
Doing research first or having more knowledge about something before deciding to trade is quite important and I think it can minimize the risk.
And indeed, it is a common mistake that often occurs, but for me personally, the common mistake that often happens to me is greed that is difficult to control to get bigger profits, I think that's what always makes emotions not good for a trade that is being done.

Honestly, I don't agree to say that trading is not difficult, because whatever I feel and what I also hear from some people involved in the world of trading, they say that trading is a difficult and complicated profession to do, and I really feel it when I have to prepare various things where the most difficult is maintaining consistency related to the willingness to continue learning and also another difficult thing is managing yourself and emotions.

On the other hand, of course I agree with the idea that doing research first before we jump into something is an action that must be done by anyone and in any field, because with this you will be able to measure your abilities and this is also useful for making you know what to do and what to avoid. Another thing about greed that you said, yes that is also included in a big mistake in an activity that involves money and risk, but I am sure that when you know and understand about a field that you are working on, I think it is unlikely for you to act greedily.

[milewilda]

We should know that trading is not a place for impatients. Successful traders believe there is a perfect time to sell and buy, that is why they wait, but most traders, especially newbies, never find it. This common problem that most traders face greatly impacts their trading career. That is why if they want to see success in this field, then it is necessary for them to change their trading approaches seriously and seek enough good ideas. It is hard to accept the truth, but trading is not an easy job that a trader should not underestimate.

Many traders had failed already; I think we used that as a tool to urge ourselves to learn more rather than following their footsteps and wrongdoings.

Every trader believes there is a perfect time to buy and sell, you don't have to be successful trader for that. In fact that's the sole reason why people even trade, becayse they believe that they know when to buy and sell. And waiting for a sell, isn't really a skill imho. It's just waiting. Some people wait because they are afraid to sell and they turn to investors instead. Waiting for the right time to buy can be because of being afraid as well. But it's not about waiting, but about timing. It's about following your plan, and sometimes acting fast or "panic selling" is actually worth it, if you sense that people will dump it more.

I know this could seem controversial to anyone who is "believing" the relevance of most TA indicators, but imho selling in time and buying in time is rarely because of research anyway, because there's really no way you can even prove you have beat the market by analyzing it. Especially when it comes to day trading.

And here comes 8. Chasing Losses on which on the time or moment that will really be experiencing some loses then this is the time that they will really be just that making it just like when doing gambling
and this is basically a thing that shouldnt really be done in the first place because this would really be that definitely be resulting into that kind of approach on which that it is really that similar to gambling.
On the moment that you would really be having those losing positions then you would definitely be mainly thinking on how you should really that make out such recovery on which we know that this isnt something recommended on this kind of condition because you will really be thinking about on getting back those loses on which its obviously that this is really that a very common gambler behavior.

Never ever make out such behavior or condition on which this is basically where some gamblers been doing, and this is why on the moment or time that they would really be  that experiencing
a series of events like losing positions then they would really be that become impulsive on this case and this is really that something not that recommended to do such acts.
You would really be finding out yourself on much tougher situation on the moment that you will really be losing up control in speaking about financial management on which this is something
which is really that very crucial among all.

[$weetne$$]

I know this could seem controversial to anyone who is "believing" the relevance of most TA indicators, but imho selling in time and buying in time is rarely because of research anyway, because there's really no way you can even prove you have beat the market by analyzing it. Especially when it comes to day trading.

Everything has it relevance in trading because they can be used for guidance for you to have a good result. Analyzing the maket with TA which is what it is used for, would not make you to be capable of predicting the exact movement of the market biit it can guide you to make a good decision. You will have an idea of the market is moving up or it is falling down. At times, the predictions can be exactly what you got and if you did not modernized your analysis, you win for that trade. Not analyzing the market before trading is a big mistake, make use of TA and get a better view of the market before you ruin your account.

[Gladitorcomeback]

There are many mistakes made by traders for various reasons according to their respective methods. A common mistake that often occurs is that traders are unable to control their emotions because they are too ambitious in pursuing instant profits. The stop loss system is the best way in trading to hold existing assets so that they remain in the same number of coins, which is usually done by high level traders, with the mistakes we have experienced becoming an experience so that the same mistakes don't happen again and we want to learn things the new one.

It's all about knowledge and experience. A trader needs knowledge and experience to be able to execute their trades in a way so that they don't lose the capital they are using for that specific trade by using risk-management techniques such as stop-loss. Believe it or not, not every trader can use stop-loss efficiently. You will find a lot of traders who might be using the option but it isn't always effective for them.

The parameters that one needs to set for options such as stop-loss to work require one to have ample knowledge about the market and its movements. If you don't even know what you are doing, you wouldn't know how to set the parameters for your stop-loss to work efficiently and save you from excessive losses or bring you maximum profit.