Another mistake that make traders lose. Greed.

[GreatArkansas]

The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

This one is really common. I experienced it most of the time before when I was still starting to trade. Common mistakes for beginners.
Best lesson here, we must always have a plan, just like a blueprint; entry point, stop loss, take profit target prices.
Another thing that is difficult is sticking to the plan you have, which will lead to this common mistake.

[OsaiEmma]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.


The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

I haven't done the first, over leveraging is the number 1 rule I locked in on when I started trading. In fact, I only increase my leverage after series of losses (not a good idea either, but sometimes it works), and take profit little by little, until I recover a little and bring down the leverage again. Sometimes I do forget to readjust the leverage, and this do lead to significant losses.

BUt your second point, it's like a steady occurrence, and it is really bad, I've been a victim to it a lot, but I started taking profit earlier, instead of waiting to meet my TP point. Well anyways, in trading we keep on learning everyday, each loss and profit made is a lesson.

[Italian Panic]

The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

This one is really common. I experienced it most of the time before when I was still starting to trade. Common mistakes for beginners.
Best lesson here, we must always have a plan, just like a blueprint; entry point, stop loss, take profit target prices.
Another thing that is difficult is sticking to the plan you have, which will lead to this common mistake.

Of course, this is the real dilemma for a trader: you have to be more pragmatic and close the position once your target has been reached, because things can’t always go your way. There is also a rule that says there is always an opportunity out there, you just need to be able to spot it so the best decision is to close the position and be content, whilst waiting for the next opportunity. The alternative is become a hodl.

[liasbaa]

I think most traders have faced this situation. Trading is like gambling if you are not disciplined and you will end up with bad results. It is more difficult to protect yourself from losses than it is to make a profit from trading. Once you make a profit, you will buy again because profit is addictive but traders forget about it and the value of the coin may decrease further. The tendency to increase leverage after making a profit for the second time can naturally lead to increased losses for traders. Because they expect more profit and put most of their funds into short term portfolios. There are many traders who make such mistakes in trading and I have learned from such mistakes and therefore trade very small amounts of available funds such as 10%.

[_act_]

Another thing that is difficult is sticking to the plan you have, which will lead to this common mistake.

This is the main thing that is very difficult for many traders, they will got a plan in trading, execute the plan and they are making money from it, but the problem is that while making the money, they will have a change of plan which can be unintentional but because of greed that they have which they do not know. It can be, I am making money, let me increase my leverage and so on which will let the trader to start to lose.

[summonerrk]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.


The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

During my entire trading period, I have never used leverage, because before that I had always heard that it only caused problems by strengthening my trading position. After all, even a small deposit is often enough to get a good profit from it with a measured and thoughtful strategy.
And attempts to make a trading position stronger due to leverage, as a rule, turn out to be big losses. The Internet is full of stories about those traders, losers, who exposed their greed too much and eventually gave birth to a story about it.

[dunfida]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.


The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

During my entire trading period, I have never used leverage, because before that I had always heard that it only caused problems by strengthening my trading position. After all, even a small deposit is often enough to get a good profit from it with a measured and thoughtful strategy.
And attempts to make a trading position stronger due to leverage, as a rule, turn out to be big losses. The Internet is full of stories about those traders, losers, who exposed their greed too much and eventually gave birth to a story about it.

From the word leverage then it would be understandable that you are putting up yourself on much more risks but surprisingly there are people who are really that wanting to test out and even those newbies that believing that they can make easy money but once they have stepped their foot into the market then this is where they would be able to realize that it was never been easy and those trading balances they do have do easily got liquidated. I have made myself only stick with 10x and goes beyond that then this isnt something a risks worth taking on this approach. Always stick to spot and never touch up futures or high leverage if you arent sure on what you are doing. Mistakes are normal but the best is that you would be able to learn from it and trying out to minimize errors as much as you could because trading isnt a sprint but rather a marathon on which you would be needing up to sustain for longer runs rather than on going fast but prone into mistakes. Greed is common and thats something that you do need up to control and get avoided.

[Pandorak]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

I have experienced it before.

The word "greed" is indeed the most fitting term to describe traders with this mindset. When their analysis is spot-on, they know where prices are likely to move, and they’ve grown comfortable with low leverage and then they start making profits, the desire to earn more often kicks in. They think "Surely, if i use higher leverage, my profits will be bigger too", This is the starting point of massive losses, with no regard for risk.

The second one is when you would have been making money already, but you did not close the trade and it turned to lose. This is also very common in trading.

Slow and steady profit is better than steady profit turmed losses.

I usually call it TAKE PICTURE instead of TAKE PROFIT, lol.

This is what often happens, thinking that by waiting a little longer, the profit will definitely be bigger, so instead of closing the position, they show off first, even though that profit isn’t guaranteed yet. Often, the trend reverses and leads to a liquidation.

[LastKiss]

They are good and they are making money, but after they have been making money for 3 days or more, they will think of increasing leverage. Anyone that has been tradimf very well woukd have experienced this before.

Let me ask you this question and be sincere. Have you not experienced it before?

so I guess it's not good at all and with greed we're not making money. Because of greed, they make poor decisions and often try to revenge trade after losses especially in futures trading. From my experience trading futures, whenever I use high leverage I end up losing. But with low leverage, I see more stable growth in my portfolio. Patience is key if we want to be profitable. The best approach, in my opinion is to avoid high leverage or spot trading only and always set your stop loss especially for day trading.

Many traders also choose altcoins because they want quick profits, but this can be a trap. A lot of influencers show impressive returns from trading altcoins, but in reality, they may just be attracting traders to become their exit liquidity.