learn from my 3 mistakes I made in trading

[Cryptmuster]

I am not experienced traders but i made some mistaken in the my past trades history, as like I faced mistake 1 & 2 in your mentioned 3 mistakes in trading,
I made trading with some coins those are high volatile coins and listed only a exchange and when i holding those coins suddenly i seen those coins are delisted, still i can not sell those coins, it was my big mistaken now i understand.

Exchanges give enough time even after delisting to sell your coins, this means that you did not monitor these tokens properly if you missed the moment of listing and for a long time after that. Did I understand correctly that you cannot sell your tokens that remained on the exchange and were delisted?

Low-cap tokens require special attention, in fact, any tokens that you have in your portfolio require constant attention and only fundamental coins can be in the portfolio on long-term hold without unnecessary nerves.

[cute nmp]

I usually make the first mistake when I was a beginner trader and have loss a lot of my money doing that. This is a very useful information especially for beginners hope many will take note of it .

[Wakate]

Hi Amigos

Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.

Mistake #2:
Avoid overtrading at all costs.
Just because you’ve exited a trade—whether it was profitable or not—doesn’t mean you should immediately jump into another one. Sometimes not trading at all is a win in itself.
Excessive trading increases your chances of losses and drains your focus and patience.

Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!

that's my 3 mistakes , What's yours ?

From these mistakes you have made in the past, we are still seeing many traders making the same mistakes without realizing. Trading is more of time devoted in planning and strategizing so there could be enough trading patterns that could help to make money in the market. Those that understand how to incorporate technical analysis and fundamental which is the news aspect would have a quick decision and more profits strategy than just depending on technical aspects which could not be reliable when used alone without other strategies incorporated.

Using the news to make trading decision is very important and this is one of the profitable way to make money from the market. Those that understand the market would never joke with the fundamental aspect of trading.

[SquirrelJulietGarden]

Using the news to make trading decision is very important and this is one of the profitable way to make money from the market. Those that understand the market would never joke with the fundamental aspect of trading.

News is hard to predict when it will be released and what type of news like positive or negative news will be used.
Market can react oppositely with same market type too and it means you can fail with thinking like market will move up with good news in bear market while it does not, just sideway or falls down more.

You can use stop loss order without need of knowing about market news that is only main manipulative tool.
One of the best weapons in trading.

[GigaBit]

Hi Amigos

Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.

Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!

Most traders tend to make mistakes number one and two. New traders usually invest in some shit coins for high profits with a small investment where there is no possibility of getting money after the investment. They get greedy and lose their investment. There are some who are temporarily profitable but do not withdraw and trust in them. At some point, when they lose a lot, they are not in a position to get a return on their investment.

Another tendency among new traders is that they invest quickly in some new listed coins and want to make a quick profit from them. But the results are not fruitful there. In most cases, what I see is that after investing in new coins, they cannot reach the price they invested in. Will those who bought Trump Coin for $70 be able to get the return.

[bitgolden]

My biggest mistake while trading was rushing, that's what I did back in the day, I didn't really hold stuff for more than an hour at all, whenever something was profit time, I got out way too early, and could have made a lot more money if I held a bit more, and same goes for going down, if I see something going down, I quite way too quickly and sold and cut my losses, when most of them just recovered after a few days.

So when you are trading, we are talking about a scenario where things aren't really looking that bad, in reality they are actually quite good, but many people lose that perspective so it is not really that easy to handle it. I hope that we could make sure that things are dealing with it a lot more carefully, but that isn't looking like that right now, we should be a bit more careful about it.

[alastantiger]

My biggest mistake while trading was rushing, that's what I did back in the day, I didn't really hold stuff for more than an hour at all, whenever something was profit time, I got out way too early, and could have made a lot more money if I held a bit more, and same goes for going down, if I see something going down, I quite way too quickly and sold and cut my losses, when most of them just recovered after a few days.

I remember right now that I used to be in your shoes as I was reading what you wrote. This is something many traders experience too but we overcame them with having more patience with our trades. Some of the profits that I have made from trading is because of patience and not because I got my timing right. Instead of existing when you're in loss in Bitcoin, you can decide to have patience because sometimes the market is only faking the dump and not like it's dumping for real.

Selling too quick is a common mistake among traders but it's better to sell quicker than to sell late because when you sell late, you'll be losing the profits that you have already had but selling early only means you miss out on profits that you would have gotten if you had waited a little more but didn't have it quite yet.

[Peanutswar]

Mistake #1:
Never engage in medium or long-term trades with shitcoins.

Shitcoins can easily manipulate with the number of supplies and the large wallet hodlers so its ideal to get with the ride on the shitcoins or memecoins and make a quick flip it doesn't have a long term goal unlike the bitcoin and other projects. Reason why people get a ride of the help and sell their asset immediately after taking gains 2x is enough don't take greedy.

Mistake #2:
Avoid overtrading at all costs.

The reason why there's a TP and SL in most of the exchange so this feature makes the trader avoid getting liquidated. If the trade is not well according to plan better to cut loss and make a plan for another execution if there's an any opportunity on the market.

Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.

Actually not all the time because like what happened with the meme coin Trump people make a buy once its release and the price goes up to the sky during its short time so if you get ride on the market within these days on this coin you gain profit and if you are late comer you will just get trap in the market.

[Freepips]

In trading mistakes is inevitable. One of my major mistake as a beginner trader was also over trading. Sometimes I will make a good money during the Asian session, them during London session I will loss it back. So to combat the mistake I decide to take one to two trades daily. From them I begin to see profit.

Another big negligence on my trading journey was not taking proper journal of my trades and not setting a weekly pips goals for myself, it really draw me back.

Another main issue was proper trade management and  risk managements, I was fun of entry multiple positions on a smaller account without proper risk managements

[CageMabok]

I usually make the first mistake when I was a beginner trader and have loss a lot of my money doing that. This is a very useful information especially for beginners hope many will take note of it .

When a beginner trader makes a fatal mistake and can result in the loss of money that has been used as his capital in trading, of course he will look for ways and loopholes that are important enough to learn things that he doesn't know yet in order not to repeat the same mistake later when he returns to the market to trade with new capital. So I am also quite impressed when there are people who want to share knowledge like this with many people so that people like you can be greatly helped by this and will be a very important reminder when you want to trade again in the days to come.

[memehunter]

In trading mistakes is inevitable. One of my major mistake as a beginner trader was also over trading. Sometimes I will make a good money during the Asian session, them during London session I will loss it back. So to combat the mistake I decide to take one to two trades daily. From them I begin to see profit.

Another big negligence on my trading journey was not taking proper journal of my trades and not setting a weekly pips goals for myself, it really draw me back.

Another main issue was proper trade management and  risk managements, I was fun of entry multiple positions on a smaller account without proper risk managements

Although I am not in favor of short-term trading, I have to say you have made some good points. Trading is like poker, you have to wait for good hands in general. You cannot just trade for the sake of trading.
Wait for a good risk-to-reward ratio and follow that with proper bankroll management.

[SquallLeonhart]

Trying to limit trading mistakes to three would be very low number, there are hundreds of different things you can do, these three are just what OP did, but you can hear others and you will see that there are a lot of people who make a lot of mistakes and a lot of different ways.

Most common one is rushing into trading for example, it's really not that good looking and I hope that we could see people can change with time, otherwise it makes no sense at all. I am sure that people could see this as a way to wake up and try to look back on their own mistakes. Because we are talking about a situation where if you look back on your mistakes, then you are going to make a lot more money, since you will learn from it without a doubt.

[hyudien]

I usually make the first mistake when I was a beginner trader and have loss a lot of my money doing that. This is a very useful information especially for beginners hope many will take note of it .

When a beginner trader makes a fatal mistake and can result in the loss of money that has been used as his capital in trading, of course he will look for ways and loopholes that are important enough to learn things that he doesn't know yet in order not to repeat the same mistake later when he returns to the market to trade with new capital. So I am also quite impressed when there are people who want to share knowledge like this with many people so that people like you can be greatly helped by this and will be a very important reminder when you want to trade again in the days to come.

For a beginner, especially if it is the first trade done, then making mistakes that cause losses is very natural, I can even say that most people will experience something like that. But it becomes very meaningful for the future, because besides being able to learn from those mistakes, they will also be mentally trained. Mentality is a part that I think is very difficult to learn, because it will be related to something that cannot be separated from psychology. So with the bitter experiences experienced at the beginning, it can create a more prepared mentality in the future.

[CroverNo01]

Hi Amigos

Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.

OP did your best to outlined the necessary common mistakes made by traders and I found this part a major one. I've countlessly made huge blunder from my end and it also cost me liquidation in my portfolio. I was good and moving in the market, everything was working fine but changed when my colleague introduced me to newly shitcoins with high expectations of hitting massive profits with our capital. Although he showed me concrete evidence how he has succeeded in hitting harder, perhaps he didn't show me his losses records, and I was too optimistic and ignore all other areas.

Shitcoins are common these days in the market, they are volatile projects in the market, today they skyrocket to the moon and tomorrow they are not enchancing any good procedure but experienci dump moves. I take full responsibility for my actions and look forward for a change.

[hafiztalha]

I usually make the first mistake when I was a beginner trader and have loss a lot of my money doing that. This is a very useful information especially for beginners hope many will take note of it .

When a beginner trader makes a fatal mistake and can result in the loss of money that has been used as his capital in trading, of course he will look for ways and loopholes that are important enough to learn things that he doesn't know yet in order not to repeat the same mistake later when he returns to the market to trade with new capital. So I am also quite impressed when there are people who want to share knowledge like this with many people so that people like you can be greatly helped by this and will be a very important reminder when you want to trade again in the days to come.

For a beginner, especially if it is the first trade done, then making mistakes that cause losses is very natural, I can even say that most people will experience something like that. But it becomes very meaningful for the future, because besides being able to learn from those mistakes, they will also be mentally trained. Mentality is a part that I think is very difficult to learn, because it will be related to something that cannot be separated from psychology. So with the bitter experiences experienced at the beginning, it can create a more prepared mentality in the future.

You Nailed it, psychology is one of the most important factor when it come to the trading, Most of the mistakes that we make directly or indirectly caused by our way of thinking how we behave in a live market planning something and executing are both different beast, what we plan most of the time can't be executed, what stopping us our brain, mental wiring, at the start most of us experience winning streaks this cost our mentality negatively,and learning to encounter these barriers take time so much time, even though psychological mistakes are small but they take big time to fix even tinier ones. But if stay persistent give ourselves time and analyse everything try to learn what we do wrong, actively work to fix it I am sure we can conquer our mind.

[2Pizza410000BTC]

Hi Amigos

Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.

Mistake #2:
Avoid overtrading at all costs.
Just because you’ve exited a trade—whether it was profitable or not—doesn’t mean you should immediately jump into another one. Sometimes not trading at all is a win in itself.
Excessive trading increases your chances of losses and drains your focus and patience.

Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!

that's my 3 mistakes , What's yours ?

I have the same mistake as yours and mistake number 3. I started trading with a coin called pnut a few months ago after it was listed on the exchange. Initially, I had a fairly good profit and I made good profits in a few trades. After making good profits, I lost my passion there and was trading with that coin again and again. Then when the market conditions got a little bad, the coin I was trading with went into a very bad state and now I am in a huge loss. So I want to say that it is very risky to join trading with new coins after they are listed in the market.

[gunhell16]

Well, I agree with the point made by the op besides we learn from our mistakes. Then it would be better for us to learn more from the mistakes of others so that at least we have seen from others that it is possible that the strategy we will do is the same but we have seen the results from others, so we have a chance of not continuing with the strategy we planned to do.

So we have already seen a warning, it is up to us whether we continue or not. The problem is that others have seen that the results are not good and still did it. That is the sad thing where that is the Facts. Just simple if you invest in meme coins that are new to the crypto space, don't expect that the capital will return to you more, you should think that you will immediately lose. This should be your mindset in meme coins.

[Nothingtodo]

Hi Amigos

Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.

Mistake #2:
Avoid overtrading at all costs.
Just because you’ve exited a trade—whether it was profitable or not—doesn’t mean you should immediately jump into another one. Sometimes not trading at all is a win in itself.
Excessive trading increases your chances of losses and drains your focus and patience.

Mistake #3:
Don’t buy newly-listed coins on exchanges, especially if you’re a beginner.
You’re at risk of becoming liquidity for early investors or teams dumping their tokens on you. This has happened many times with freshly-listed coins—beware of the hype!

that's my 3 mistakes , What's yours ?

An inexperienced trader mainly makes the three mistakes above. Sometimes some traders are trending some tokens and trade them. It has been seen that many people trade when most Memecoins are trending and after trading for a few days the market suddenly dumps. In this situation a trader faces huge losses. Overtrading and trading with excessive greed are both important mistakes a trader can make.

[Renampun]

during 2017 - 2018, the year where there were so many ICO and bounty projects, I often bought some new tokens issued by ICO exchange projects, that's because I hope they maintain their liquidity and I can trade there comfortably as an early investor of their tokens, in fact until now only 2 exchange tokens that I bought gave me a decent profit, the rest became garbage and made me lose, buying new tokens to trade will basically only make a loss in the future, it is much wiser to only buy tokens that already have good fundamentals and also good liquidity.

[InvesturrHolmes]

Hi Amigos

Mistake #1:
Never engage in medium or long-term trades with shitcoins.
These highly volatile assets can be removed from exchanges at any moment, dropping sharply—sometimes by as much as -50%! They’re unpredictable, defy technical analysis, and swing wildly up and down.
Shitcoins are strictly for scalping or short-term trading, and using a stop-loss is absolutely essential.

I'm just getting into memecoins aka "shitcoins" and a beginner trader. Definetly good tip so I want to just swing trade the hype. I'm lost on whats a good platform. Just started trading on "D-ETF" cause they have it all in one but no idea if it's good. Please let me know where you guys trade.