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Author Topic: Mistakes when trade coin  (Read 842 times)
Ansdaoust6
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August 07, 2018, 07:59:26 AM
 #161

The greatest mistake here is to believe in your luck and avoid self-education. to become a successful trader, you should get knowledge. learn everything about the market, learn the terms that are used here, study the crypto world.
In trading we cannot depend on our luck for every time. we need to have good experience and trading skill, which no doubt increase the chances of making big money in trading. Luck is important but it only work in gambling where experience and skill to no carry any meaning.
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August 08, 2018, 03:10:13 AM
 #162

It is too big a goal and greed.
Having the initial victory will make you greedy. Not that 20% a month but rather x2, x5 for a few days or a month. You start to buy small coin despite not having any information about it with the BTC style has grown a million times, this kind of increase, not a dozen times. That is enough, equal to the point that. I just want to share that most investors, the long-time trader only expect a monthly increase of 30% of their assets is too happy.
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.
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August 08, 2018, 03:56:40 AM
 #163

The greatest mistake here is to believe in your luck and avoid self-education. to become a successful trader, you should get knowledge. learn everything about the market, learn the terms that are used here, study the crypto world.
In trading we cannot depend on our luck for every time. we need to have good experience and trading skill, which no doubt increase the chances of making big money in trading. Luck is important but it only work in gambling where experience and skill to no carry any meaning.
if luck is really affect in trading, i am sure that person will pick gambling instead of trading. i agree if in trading we can't believe on luck, but actually sometime that is happen even rarely. like for example, when XRP down a lot and then back to normal price.

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August 08, 2018, 04:31:50 AM
 #164

When the goal is to big and unrealistic, you are already in euphoric state and you are nor been logical and strategic. Another mistake is doing all the right thing on a low quality coin that is going no where!

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August 10, 2018, 05:03:42 AM
 #165

I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.


When you trade, you can make a lot of mistakes starting with the wrong choice and ending with the panic sell. Day traders make more mistakes that the other guys that are dealing with the cryptocurrencies.

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August 10, 2018, 05:17:17 AM
 #166

Most common mistake of investors is being to greedy even though they lack knowledge on how the project started, the individuals involved in the campaign. They still invest tons of money because it's hype and other people are buying it expecting immediate gains. Then if they get scammed they blame others.


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August 10, 2018, 09:07:05 AM
 #167

1. Too hasty, lack of knowledge

-This is a mistake that most investors when started. The hot growth of the market, the price of Bitcoin growth every day is the main motive for new investors to participate in this market. They are always afraid to miss the opportunity. So they hurried into the market and forgot to learn. So learn first. Be patient waiting for a price you think is good, or at least according to technical and market signals.

2. The goal is too big, greedy

-You should set goals when entering the market just to be profitable. Do not expect too soon to be rich or become a millionaire in a short time. When I join ico, it must reach x $ or x5, x10 for these ico, that actually kills me. When the price fell, I did not sell. That was a big mistake.
Most of the investors, trader has experience, they only want to increase their property by 30% in a month. They are too happy. Remember to a story put the grain on the chessboard with 64 boxes. Patience, not to lose, your property will quickly bulge
Remember to expect 30% of your assets, you are likely to lose 30%, expecting x5 x10 accounts quickly will help you to 1/5, 1/10 of investment capital.

3.Do not stoploss
-This is an extremely important lesson. Any experience or famous investors emphasize this. Stoploss help you have successfully trade up to 80%, do not know how to stoploss, you certainly never win, just fail sooner or later. You can not stop the market trend, stop loss is painless to want to do, but it protects your capital, help you get back to very quickly.

4. Try to resist the trend
-Try to resist the trend
You will be dying right away, which is the answer to trying to resist the crowd trend. In a festival, the whole crowd is joyfully moving forward, you just go back, you are immediately stamped to death. For the market too. When the crowd rushes to buy the excitement, you think the market will fall, you will certainly lose money. In contrast, when the market has strong sell trend, you try to hold the more losses. Get out as soon as possible and go earlier than the crowd.. If you run after the crowd, of course you will be able to die with the crowd, know enough and stop even though the crowd is still running. In every investment, in the long run the crowd has never won. When you are swept away so fast, as the car is so fast, braking slowly no matter what trouble will help you stop safely, waiting for the incident, whether the car is good but you also hurt less a lot of.

5. Too much business input.
Smart input can make your business succeed, but it also fails. Ignoring it can make you lose the chance for success. Conversely, too much input is also dangerous. Expand communication with investors who have experience, especially those who have succeeded in the field you are currently engaged in.
Suggestions for you, choose a special business advisor especially those who are engaged in the field you are currently working on (remember, not in all fields).

Most common mistake of investors is being to greedy even though they lack knowledge on how the project started, the individuals involved in the campaign. They still invest tons of money because it's hype and other people are buying it expecting immediate gains. Then if they get scammed they blame others.

Well this's true once even they don't hesitate to blame bitcoin and say "that bitcoin is SCAM" when in fact it was he who was wrong because he didn't understand the true performance of bitcoin.
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August 10, 2018, 12:39:09 PM
 #168

the mistake of trading in buying coins at this time is that we put up a small price, we should now put up coins that we will buy with as much so that in the long run we can get a lot of profits.
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August 10, 2018, 12:42:21 PM
 #169

I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.

Normally, greed and lack of composure are two attributes centered on ignorance. If you know you have what it takes in terms of knowledge to do it right, you will know when to always be in the market and when you should be getting out of the market. However, the fact that some really do not have trading knowledge but they want to trade anyway, makes them subjected to them gambling without even knowing and with that, the possibility of losing a whole lot is very much guaranteed.

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August 12, 2018, 07:30:46 PM
 #170

The greatest mistake here is to believe in your luck and avoid self-education. to become a successful trader, you should get knowledge. learn everything about the market, learn the terms that are used here, study the crypto world.
In trading we cannot depend on our luck for every time. we need to have good experience and trading skill, which no doubt increase the chances of making big money in trading. Luck is important but it only work in gambling where experience and skill to no carry any meaning.
if luck is really affect in trading, i am sure that person will pick gambling instead of trading. i agree if in trading we can't believe on luck, but actually sometime that is happen even rarely. like for example, when XRP down a lot and then back to normal price.
Yes, luck is rarely happen and only a few people can be lucky. Actually what we need is a good analysis, knowledge and strategies to make profits. In every gambling and trading require all these three in order to get the planned profits.


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August 12, 2018, 09:35:15 PM
 #171

These are indeed mistakes that people can make in trading. Some persons chose some trading options even without fully understanding the parameters of that option chosen. That is why they end up loosing when anticipating to make profit.
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August 12, 2018, 09:37:05 PM
 #172

I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.


When you trade, you can make a lot of mistakes starting with the wrong choice and ending with the panic sell. Day traders make more mistakes that the other guys that are dealing with the cryptocurrencies.
because day trader forced to get profit everyday and change to other coins.  when coin that day trader bought got stuck, they will think more how to get profit and not stuck longer so they can change coin to buy. i think that is the main reason day trader will end with loss instead of profit


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August 12, 2018, 10:15:03 PM
 #173

The greatest mistake here is to believe in your luck and avoid self-education. to become a successful trader, you should get knowledge. learn everything about the market, learn the terms that are used here, study the crypto world.
In trading we cannot depend on our luck for every time. we need to have good experience and trading skill, which no doubt increase the chances of making big money in trading. Luck is important but it only work in gambling where experience and skill to no carry any meaning.
if luck is really affect in trading, i am sure that person will pick gambling instead of trading. i agree if in trading we can't believe on luck, but actually sometime that is happen even rarely. like for example, when XRP down a lot and then back to normal price.
Yes, luck is rarely happen and only a few people can be lucky. Actually what we need is a good analysis, knowledge and strategies to make profits. In every gambling and trading require all these three in order to get the planned profits.
First of we need to understand the differences of gambling and trading, the role of luck is vital but in trading we can't say we dumped due to luck. Saying this will be improper, it will be absolutely injustice. If we see such comments in case of trading it mean it is referring to a failure and weakness of a trader which may be analytical or strategic. Also I want to add one more thing and that is implementation. Sometimes we fail to implement strategies which cause us loss.
Knowledge is the first and far-most thing required to trade, if there is a lack of sufficient knowledge it will ultimately lead to failure. I think management is most important to bring profit to your portfolio. If we have all the knowledge, analysis and strategies in a scattered or raw form we could never succeed if managed and implemented improperly. Our focus should be implementation to get good results.

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August 12, 2018, 10:51:36 PM
 #174

I realize that mistakes often start with greed and lack of composure. That can lead to direct consequences for trading fail.


When you trade, you can make a lot of mistakes starting with the wrong choice and ending with the panic sell. Day traders make more mistakes that the other guys that are dealing with the cryptocurrencies.
because day trader forced to get profit everyday and change to other coins.  when coin that day trader bought got stuck, they will think more how to get profit and not stuck longer so they can change coin to buy. i think that is the main reason day trader will end with loss instead of profit
Investing in the cryptocurrency market takes many forms, but there are still many risks that investors need to capture in order to be prepared for bad situations. The market is fluctuating so need to monitor the market to the next direction.

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August 12, 2018, 11:33:07 PM
 #175

These are indeed mistakes that people can make in trading. Some persons chose some trading options even without fully understanding the parameters of that option chosen. That is why they end up loosing when anticipating to make profit.
Absolutely, it will end up into nothing if you never take time to study market trend of a certain coin that you have plan to trade with. It is really important to understand it's flow so it help us to guide and take actions when it is needed. Definitely, a lot of people get failed in trading just because the just ignore these and do trades directly.

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September 16, 2018, 06:42:36 PM
 #176

We neglect such thing to happen, in fact we've been experiencing it before we came into of what we are now. All the mistakes we have been done could be a sort of learnings and from that we became strong and not afraid to face another challenge. Though it is risky but I've found myself comfortable.
Yes we all have experienced this mistake but from it we must not give up or hopeless, we must keep going on and not fall for the same mistake. Learning from mistakes is a good knowledge for ourselves. All depends on each person.

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October 22, 2018, 12:37:05 AM
 #177

I think all newbies trader include me was doing all that mistake, and by this mistake we should be keep learn how
to be more expert trader.  Make profit by consistently from trading is not easy and many pro trader was make it in a few years.

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October 22, 2018, 02:24:32 AM
 #178

I think all newbies trader include me was doing all that mistake, and by this mistake we should be keep learn how
to be more expert trader.  Make profit by consistently from trading is not easy and many pro trader was make it in a few years.
Common mistakes commonly made by beginner traders are holding coins for so long, assuming that in a short time prices will rise, and much more. well, that also happened when I first got to know trading.

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leonix007
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October 22, 2018, 06:59:42 AM
 #179

I think all newbies trader include me was doing all that mistake, and by this mistake we should be keep learn how
to be more expert trader.  Make profit by consistently from trading is not easy and many pro trader was make it in a few years.
Common mistakes commonly made by beginner traders are holding coins for so long, assuming that in a short time prices will rise, and much more. well, that also happened when I first got to know trading.

You may not blame them

as some of them is not keen on day trades

they could made mistakes only with the wrong coins they hold

Fundamentals is the key when holding or for the long term investments
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October 22, 2018, 07:12:11 AM
 #180

I believe, trading with your emotions can be one of the culprits of losing some of your investments. When you are trading because all you have feel is FOMO, you're really in danger of losing your investment when the market will crash the next morning.

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