MISTAKES

[$weetne$$]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability, you can't join the police today and become an IG next month, you can't join the military today and become a general next week, you can't become a doctor today and turn a consultant tomorrow, just like every other field, success in trading cannot happen overnight

Consistency will give you wealth but the wealth will not be instant. Trading takes time for you to master some things than it becomes easier for you to be capable of making profits, and that is when the profits will begin to come and not happen instantly as they think before joining the trading market. Nobody started trading and made money overnight. Anyone that claims to have done that would had been pre informed about the tokens that he bought and he did not do that through trading but would had invested in the tokens. Every traders makes mistake and mistakes will still be happenings as you are trading but there are some mindset that we should not have as traders because it can affect the way we see things and make us to not be making profits while we trade.

[DPHOR]

Some people prefer day trading or scalping just because of short term means of earning money. But they do not know that patience is very good in trader. That is the reason you will see swing traders and holders making the money while most scalpers and days traders are losing.

You know when patient plays the major keys it becomes that easier for them to profits more than those who scalps daily and just as op has mentioned they can't join trading and becomes professional traders, they must pass through phases of trading before becoming that professional they would want to, same is applicable to over here because everything as i know has a rules to follow and understand before they could easily ride on them.

[@nn@_pen9]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability, you can't join the police today and become an IG next month, you can't join the military today and become a general next week, you can't become a doctor today and turn a consultant tomorrow, just like every other field, success in trading cannot happen overnight

Yeah alot of traders and investors think that trading is one quick money making processes, but it is but not necessarily in a short while,some tend to invest for short term cause they want to generate profits in no time but still yet one require patience to be able to maximize such huge profits and be sure that the investment would guarantee much wealth. Yes no doubts trading actually guarantee Wealth overtime and one is aware of it's ups and down and this is why it is needed to be more patient with it cause it's all gradual process.

This is where the mistake lies for people who have no knowledge about investment without studying it first in depth. Indeed, it is better to study investment first before you want to invest your money, if you already understand or understand what is good or bad, it depends on your choice of which one you use for your investment. Usually, people who already have knowledge about investment will certainly not take the risk of daily investment or future trading. With a pattern already formed in their thinking, investing with the profits we want and maximum will definitely require a very long process. There is no success without going through a long process.

[tabas]

I agree with this statement because it's true that people think they will be rich instantly by trading

It's always been the case for many of those who are new to trading. They've heard the others have made their riches to it , and that's why they're also going to try. There is nothing wrong with trying, but knowing it with the wrong perspective makes it not right. Because what's built in their minds is to know how to make it quicker than the others and they won't give up thinking it's easy.

but I don't know if its only for crypto or all trades. But yes, i do understand what you mean here.

It is the same for the other industries thinking the same thing of making themselves richer than ever quickly.

[dunfida]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability, you can't join the police today and become an IG next month, you can't join the military today and become a general next week, you can't become a doctor today and turn a consultant tomorrow, just like every other field, success in trading cannot happen overnight

Yeah alot of traders and investors think that trading is one quick money making processes, but it is but not necessarily in a short while,some tend to invest for short term cause they want to generate profits in no time but still yet one require patience to be able to maximize such huge profits and be sure that the investment would guarantee much wealth. Yes no doubts trading actually guarantee Wealth overtime and one is aware of it's ups and down and this is why it is needed to be more patient with it cause it's all gradual process.

This is where the mistake lies for people who have no knowledge about investment without studying it first in depth. Indeed, it is better to study investment first before you want to invest your money, if you already understand or understand what is good or bad, it depends on your choice of which one you use for your investment. Usually, people who already have knowledge about investment will certainly not take the risk of daily investment or future trading. With a pattern already formed in their thinking, investing with the profits we want and maximum will definitely require a very long process. There is no success without going through a long process.

Making up some research first before making any movements or decisions on which you would really be needing up to consider on taking up such step before you would be deciding to go onwards. We do know that when it comes into the situation on where you would be having that kind of behavior on trying out to deal up with something without any preparations specially this one is talking about dealing up with a volatile market. Mistakes are common but there are some mistakes on which its been caused because of that not being careful or mindful about on the things that should supposed to be done first before taking steps further. Usually people will really be that taking such initiative at the moment or time that they will really be that experiencing up some difficult situation and not really that minding that much at first tries. This is why its best that you do really know about into the things that needs up to do first.

Instead on trying to make yourself that being easily discouraged by mistakes. It will be better that you should really be having that main consideration that you should be learning from these errors rather see this as a negative thing. Usually people do have this kind of insight at the moment or time that they've been able to experience or encounter such condition and instead on learning from it, they do rather ran away from it and on the next time that they will be able to encounter then this is where things do make up on the same mistakes all over again and again because they havent that learn these things in the past on which they must or have should.

[jcojci]

People must leave the mindset of guaranteed instant wealth because that will not be easy to achieve. They must struggle with what they do and earn money. If they know what is the thing they need to do, they will earn money and if they can search for other way, they will earn more money.

Yes, it need patience, works smart and hard, big effort to do what they can, and other things. But that will not lie to you because if you can do all of that things, you will achieve your goals in the future and you will not regret of what you do so far to reach your goals.

[kentrolla]

Correct, that's why we always see hodlers making much mor money than day traders that too with peace of mind because day traders have the pressure to make certain profit which triggers then to buy even during the losing days or red days and the same is not the case with hodlers. The day people realize it's not a get rich quick scheme they will limit heir failures but unfortunately people still think it's like gambling and that's why they end up losing it.

[harapan]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability

Very well said this is the very mistakes most traders and investors make. They fail to understand that success isn't gotten in a shorts period of beginning it takes time and patience isn't excluded. I once had such thought as a beginner but I was persuaded with the reality of life and happenings around me that everything needs time to heal and grow so is trading.

[SOKO-DEKE]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability, you can't join the police today and become an IG next month, you can't join the military today and become a general next week, you can't become a doctor today and turn a consultant tomorrow, just like every other field, success in trading cannot happen overnight

Any trader or investor who joins the trading space with this mindset you mention will definitely find it difficult to make it in this space also. That trader or investor did not have any knowledge about bitcoin investment and trading at large because if he did, he wouldn’t start trading or investing with that mindset of making money immediately when he comes to the space.

There is a lot to learn before venturing into bitcoin investment, especially trading that carries a lot of risk; you need enough knowledge before you can be able to do anything in trading. Everything is a process, but many don’t care to understand the process; all they want is the money they see people are earning without knowing what those people go through.

[Stable090]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,.

Most of them are always having wrong orientation before joining the crypto space, they are always brainwashed by what they see on social media, or some people that are having all this signal provider groups. If you check the testimonies which people are always giving on the social media, they are always making it look like they can lose money when they join crypto space.

Also signal providers are always making trading look so easy, and when convincing people to join their group, they are always making people feel like trading is so easy, and they can’t lose money if they make use of their signal, so most people joining the crypto space, are always having the confidence that they can’t lose, but they don’t know things doesn’t work like that.

[Powerjumboo]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability, you can't join the police today and become an IG next month, you can't join the military today and become a general next week, you can't become a doctor today and turn a consultant tomorrow, just like every other field, success in trading cannot happen overnight

Your argument is correct but to make a profit on a trading platform you must have experience in trading and trading strategies. If you cannot make a profit on a trading platform you will never be able to make a profit on the trading platform. The crypto market is full of volatility and this volatility will always be there, you have to accept it and take profit. However, it is always good to remember that you should never lose patience on a trading platform and should not be too greedy.

[mirakal]

Honestly, those who have this kind of mindset are only those newbies and inexperienced traders. They have not been into trading that much that’s why they are still motivated that with trading, it can be a get rich quick access for them. But we all know this isn’t the reality about trading, and those who have been trading in the market for quite a while can prove it. In fact, trading can make us lose all our funds instantly, if we enter trading without adequate knowledge and skills.

[GreatArkansas]

Honestly, those who have this kind of mindset are only those newbies and inexperienced traders. They have not been into trading that much that’s why they are still motivated that with trading, it can be a get rich quick access for them. But we all know this isn’t the reality about trading, and those who have been trading in the market for quite a while can prove it. In fact, trading can make us lose all our funds instantly, if we enter trading without adequate knowledge and skills.

Yes, and later on they will realize it's not easy or "lesson learned", "better luck next time".
I will not lie - I was also this way before, but not totally over expecting in trading or investment in Bitcoin. That's why, after what happened, like my mistakes - I started to grow and learn a lot along the way, so for me, mistakes like this is fine when you are just starting.

But I can advise as much as possible, you can avoid it - avoid it, so no waste of time and money.

[Barikui1]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability, you can't join the police today and become an IG next month, you can't join the military today and become a general next week, you can't become a doctor today and turn a consultant tomorrow, just like every other field, success in trading cannot happen overnight

The truth about life is that nothing good comes easy, and that's applies to trading too.
This is one of the major mistake newbies traders make when coming into the industry thinking that it's a get rich quick scheme, not knowing that it's not that easy as it seems to veterans traders that is now profitable in it.
Some newbies traders gets really excited when coming into the industry believing that it's a shot at redemption, an opportunity to become wealthy overnight, which isn't true, because when you enter the market blindly as a newbie, you will be taken out in no distance time, and when the losing streak keeps on occuring, they will just stop and gave up because they now feels that they misjudged it completely that it's an easy way to make money which is not.
But if with full diligence you go for knowledge in technical and fundamental analysis, and is able to control your emotions when in trade, their is a higher probability that you may became profitable in the future if your risk is being manage properly.

[Zadicar]

Honestly, those who have this kind of mindset are only those newbies and inexperienced traders. They have not been into trading that much that’s why they are still motivated that with trading, it can be a get rich quick access for them. But we all know this isn’t the reality about trading, and those who have been trading in the market for quite a while can prove it. In fact, trading can make us lose all our funds instantly, if we enter trading without adequate knowledge and skills.

The primary thing that comes up into their mind is that trading is really just that a easy money or rich quick scheme on which thats why they would really be hurrying up themselves on investing and making out some decisions that they will really be able to make the right thing but on the moment that in reality then they will really be having that hardship as they dont have sufficient experience about it. This isnt really just that limited into this manner but also in all sorts of things that you do get involved on which mistakes and errors are common, the important thing here is that you should really know on how to make out adjustments at the time that you would really be able to encounter it out and this is why its important that you do really know on how to correct out those mistakes and making yourself that even more better. So it will really be that up to you on how to make out such adjustments.

[shinratensei_]

Correct, that's why we always see hodlers making much mor money than day traders that too with peace of mind because day traders have the pressure to make certain profit which triggers then to buy even during the losing days or red days and the same is not the case with hodlers. The day people realize it's not a get rich quick scheme they will limit heir failures but unfortunately people still think it's like gambling and that's why they end up losing it.

I mean, trading is also game of odd just like gambling, but in a way I agree, some people are reckless in their trades and as a result, consistent loss.

sometime when I trade on altcoin, I also contemplate whether it's just better to hold bitcoin or trading, because seeing from the market price action alone a bitcoin holder already making easy 4x profit possibly 5x at ATH.
now so many altcoin traders are getting liquidated according to coinglass data some also stuck waiting the price to climb up.

it just seems like trading is far inferior in term of profitability compared to just holding.

[harapan]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,. Not knowing that just like any other industry there are ups n downs and hard work on the right information, patience and time is the real rewarder not mere presence and availability, you can't join the police today and become an IG next month, you can't join the military today and become a general next week, you can't become a doctor today and turn a consultant tomorrow, just like every other field, success in trading cannot happen overnight

Going into the trading space needs patience, time, consistency also take away greed and trade long-term for better profits, taking note of this matters because you can't tend to go into trading and start expecting huge profits in no time and that's where most traders make the huge mistakes and with that mindset they'll always end up generating losses,besides trading is no quick money making scheme it's a gradual process and at such you'll need to be calm in every situations.

[cryptoaddictchie]

One of the mistakes traders makes when coming into the space of trading and investing in the digital markets like Bitcoin is having the mindset of guaranteed instant wealth, most believe trading is an access to guaranteed wealth,

Some believed in generational wealth, actually it does happened and sometimes through luck. No one can predict which coins to bloom in the future and some narrative can be a wild card that can be used to win. I sometimes bagged good profits from trading an unexpected coins maybe thts pure luck. But we should always keep some profit in check.

[boyptc]

Some people prefer day trading or scalping just because of short term means of earning money. But they do not know that patience is very good in trader. That is the reason you will see swing traders and holders making the money while most scalpers and days traders are losing.

I believe that day traders and scalpers have patience too. But sometimes it's not enough for them to make money because they want things to happen so quick.

That is the reason why many of them are not mostly making money because they are so hasty. And if they don't learn from those mistakes, they won't make money with their next trades.

The learning curve of these traders is there but they have to analyze themselves too and realize what they need to change when they trade.

[bettercrypto]

Listen up op. When it comes to crypto trading, there's gold in them hills for sure. But don't let that fool you—neglecting' your investments can leave you high and dry quicker
than a tumbleweed in a dust storm.

It's crucial for each trader to tread carefully in those digital waters, 'cause the risks are as real as a rattlesnake's bite. So, before you dive headfirst into the crypto space, make sure you're packing' more than just your lucky charms. Be prepared for both the highs and lows, 'cause in this game, fortune favors the vigilant.