Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Amug123 on April 24, 2025, 03:09:25 PM
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
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Learn from your mistakes is the best teacher. If you are trading, you will understand what I mean.
Do not use more than 1% to 5% of your income to trade. Do not use too much leverage. Avoid martingale.
If you have been trading for like one or two years and you are still losing, quit. Do not trade anymore.
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Learn from your mistakes is the best teacher. If you are trading, you will understand what I mean.
Do not use more than 1% to 5% of your income to trade. Do not use too much leverage. Avoid martingale.
If you have been trading for like one or two years and you are still losing, quit. Do not trade anymore.
If a trader is just a newbie, he must use only 1% of his capital for every trades. He needs to familiarize the characteristic of the coin he chose so that he avoid the consecutive loses. Because of the volatility, there are many stop loss got hit before trades will materialize, instead of winning, he lose the trade. Also, by doing 1% per trade, you can learn many important things in trading before you are running out of funds.
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Not everyone is meant to be a trader, so if they are feeling the loss, then it's better to quit trading and concentrate on investments.
Common mistakes they do:
1. Not utilizing the stop loss.
2. Buying the tokens or coins based on signals sold to random groups.
3. FOMO
4. Overtrading.
5. Playing the blind game without any exit plan.
6. Failed to cash out the profits.
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There are lots of mistakes in trading that's why you need to dicipline your self and follow your trading rules.
You can't avoid mistakes that's normal what you need to focus is risk management Protect your capital at all costs, reduce your trades, and avoid overtrading; instead, choose quality trades.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
Definitely mistakes are inevitable and impossible to overcome most especially when it in trading, not only in trading but also many activities it really difficult to avoid or overcome mistakes but one can reduce the risks and reduce the amount of mistakes but to over come it that very impossible.
Knowledge can give you possibilities to reduce the risks of mistakes in trading and you will have some loss and mistakes but that will keep you going and after all learning from one mistakes is the best teacher and perfect professor. So knowledge can only reduce the amount of mistakes but to overcome mistake that impossible most especially for newbies.
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while you trade only your extra money, you should also see it as your capital still and will have to take it seriously because its still a loss if you lose in trading. the risk will always make you learn from the mistake and want to avoid it to profit.
you won't be learning if you are just going to use the demo account, risking will make you try harder. you just have the break down the things they say about buy low and sell high.
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As a trader, you're bound to make mistakes that are very likely to cost you your fortunes but that I don't think should discourage you rather it should afford you the experience to overcome future mistakes. Firstly you need to own your mistakes by acknowledging them, embrace your losses as tuition to learning more about crypto trading, define your trading plans, then try and improve your risk management. Taking this simple steps I think will help you overcome trading mistakes as well as reducing your chances of future mistakes
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Definitely mistakes are inevitable and impossible to overcome most especially when it in trading, not only in trading but also many activities it really difficult to avoid or overcome mistakes but one can reduce the risks and reduce the amount of mistakes but to over come it that very impossible.
Knowledge can give you possibilities to reduce the risks of mistakes in trading and you will have some loss and mistakes but that will keep you going and after all learning from one mistakes is the best teacher and perfect professor. So knowledge can only reduce the amount of mistakes but to overcome mistake that impossible most especially for newbies.
Making mistakes is just part of our life it is realistic to understand that you can not completely stop making errors. Like you said even though we can not get rid of mistakes completely we should try to make risks smaller and reduce effect of mistakes we do make.
Having knowledge and experience is really helpful for this. If you understand how trading works and how market moves you will not make big mistakes that cost you much money. It is also important to accept that you will have some losses and make some mistakes that is just part of it. Saying that learning from your mistakes is best way to learn is especially true in trading where every mistake can teach you something important and help you do better in future. So while you probably can not stop making mistakes altogether learning all time and managing your risks are most important things for dealing with difficulties of trading and getting better over time especially if you are just starting out.
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I think navigating the volatile terrain of trading requires careful consideration of a variety of factors, so there can be all sorts of strategies from your personal psychological makeup. Learning from experience can provide valuable insight into avoiding common pitfalls. How long have you been involved in trading and whether you consistently lose money is a good time to avoid trading. Every trader journey is unique so from the lack of diversity of others to emotional trading and volatility. Not everyone will be able to profit from trading, and not everyone will suddenly become rich. So allocate only a small portion of your money to trading and avoid trading with too much money.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
It is normal to make mistakes while learning. If you learn from these mistakes and use them on a suitable platform, then I don't think there will be any harm due to those mistakes. After starting trading, there will be mistakes, but if someone knows about those mistakes well and takes the next steps, then they will benefit. Those who trade with the fear of losing or making mistakes in trading will definitely lose. There is no trader who has not made mistakes in the beginning or has not faced setbacks. That is why I think making mistakes is the first step in learning.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
All matters into you on which neither accepting those mistakes or you would be just that simply quit or stop at the time that you do able to experience out such loss or failure.
Come to think that failures or mistakes are inevitable on which even if we are noob or professional on which there's always that tendency that unfortunate conditions do really happen.
Overcoming will be that depending into someones control on how they would be doing it or whether they would be that allowing that it could be controlled up into their mindset and emotion.
If you arent that good when it comes to managing your mindset and emotions then expect that you do able to find yourself that experiencing bad decisions.
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If you have done trading for many times, you must learn from the mistakes. You must be aware to avoid the same mistakes from your experiences. So one of the way to overcome the mistakes is to have more experiences and we learn from the experiences. More experiences means you have more knowledge, this is one of the way to lower the chance of next mistakes. We also can learn from other people's experiences and get knowledge from varied sources. This also can be the right way to deal with the possible mistakes.
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Not everyone is meant to be a trader, so if they are feeling the loss, then it's better to quit trading and concentrate on investments.
Common mistakes they do:
1. Not utilizing the stop loss.
2. Buying the tokens or coins based on signals sold to random groups.
3. FOMO
4. Overtrading.
5. Playing the blind game without any exit plan.
6. Failed to cash out the profits.
Mistake made a person successful in future conditions. So if we afraid for some mistakes, i think that it could not be easy solution for best trading. Because we know that trading is not easy for all crypto currency users. So when we want to trade in cryptocurrency market, we must understand in cryptocurrency market carefully. So i believe that in this rule will be best solution for any cryptocurrency trader for there best trading. Example : if we over trading it will be losses source for us. So we should trying to understand clearly in cryptocurrency world.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
It is normal to make mistakes while learning. If you learn from these mistakes and use them on a suitable platform, then I don't think there will be any harm due to those mistakes. After starting trading, there will be mistakes, but if someone knows about those mistakes well and takes the next steps, then they will benefit. Those who trade with the fear of losing or making mistakes in trading will definitely lose. There is no trader who has not made mistakes in the beginning or has not faced setbacks. That is why I think making mistakes is the first step in learning.
obviously we would want to be minimizing the mistakes that we will make so as much as possible we should learn from other people and research as much as we can about whatever we are about to do but in cases where you make mistakes you should not give up immediately
this is also the reason why if you want to go to trading do not use money that you can't lose because it is almost for certain that you will lose even a little bit when you start trading and it will not be a smooth sailing experience from the get go
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
Overcoming mistakes is not difficult, but only if someone doesn't give up easily. If someone gives up and quits after making mistakes because they don't know what mistakes they've made, they will never make it. It's all about reevaluating your steps, and going through your strategy to realize what you did that wasn't correct, and then you shouldn't make those mistakes again. It might not be easy as a beginner, but if someone keeps trying, they will eventually get the hang of it.
Mistakes are inevitable, that's true, and even those who are too experienced and knowledgeable make mistakes sometimes, but they do the same thing; evaluate their steps, find out the mistakes, and then remember them so that they aren't repeated in the future.
Things can be hard at times, especially when you are learning, but nothing is impossible.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
Surely mistakes can be avoided, especially since we know that we have already gone through this, so we will not let it happen to us again, right? Then what those who make mistakes often do is change their strategies and improve them.
and when the strategy is right, they just maintain it and no longer use the old strategy that caused our mistakes before,
and this is what most people always do.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
Can't agree more, as when we don't come to comprehend something we tend to leave it that's because of stagnant mindset we have, and nowadays every 2nd mind is stagnant, they don't want to use their intelligence, either they are so dependent on AI or they are lazy.
No offence to anyone, as I am also a bit stagnant haha, but I try not to leave anything I don't comprehend but I try to find ways, as things take time, so we have to be patient about everything, with proper procedure we can acheive anything.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
Sometimes you can overcome mistakes but not always. Those who can learn something new from their mistakes and always remember them, then who says they can overcome. But if someone does not try to find his mistakes after making a mistake and keeps repeating those mistakes, then there is no chance of overcoming it. If you are careful, you can analyze the mistakes and overcome them immediately, but you can avoid them in the next steps. So it cannot be said that no one can overcome trading mistakes. Maybe at that time he will lose some of his capital by making losses. But his mistake will be a good suggestion for the next time.
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Feels like there's a different definition of "overcome" at play here. What about you, OP, what do you mean by overcome? If I can rescue the condition caused by my mistake, are you saying that I can overcome it? For example, I tried to catch a falling knife but failed to do so, but with my remaining funds, I managed to recover some of it.
Anyway, I believe nothing is impossible as long as we control most of the factors that cause the result. Things would be complicated if exchanges actively tried to sabotage us though.
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Re: How can someone overcome trading mistakes?
You can't. However, you can lessen it in many ways.
Mistakes when it comes to trading is inevitable. I've seen professional traders that have losing trades, and there are some who also have losing days as well. Do they consider it as a mistake? No, but they take it as learnings so that they will not do it in the future. Making mistakes is good because you will learn how to adjust from those mistakes so that you will not do it again.
There are some especially newbies here that thinks that if you're a pro, you will not commit mistakes anymore or losing trades. You will, and will still commit some mistakes, but what's important is you will make profits at the end of the day/week. Experience will help you lessen your trading mistakes. The more experience you have, the better you can at decision-making.
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Sometimes you can overcome mistakes but not always. Those who can learn something new from their mistakes and always remember them, then who says they can overcome. But if someone does not try to find his mistakes after making a mistake and keeps repeating those mistakes, then there is no chance of overcoming it. If you are careful, you can analyze the mistakes and overcome them immediately, but you can avoid them in the next steps. So it cannot be said that no one can overcome trading mistakes. Maybe at that time he will lose some of his capital by making losses. But his mistake will be a good suggestion for the next time.
I think there is nothing in this world that a person cannot do unless they have a strong will for it. And people always learn from their mistakes, so I think every person has the opportunity to learn from every mistake and at the same time, they have the opportunity to overcome it. I have heard most of the big professional traders I have seen say that they made a lot of mistakes in the beginning and that each mistake was a lesson and that is why they were able to hold this title today.
Opportunities are there for everyone, but time is precious. If you don't learn from your mistakes, it will be even harder to overcome them.
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Sometimes you can overcome mistakes but not always. Those who can learn something new from their mistakes and always remember them, then who says they can overcome. But if someone does not try to find his mistakes after making a mistake and keeps repeating those mistakes, then there is no chance of overcoming it. If you are careful, you can analyze the mistakes and overcome them immediately, but you can avoid them in the next steps. So it cannot be said that no one can overcome trading mistakes. Maybe at that time he will lose some of his capital by making losses. But his mistake will be a good suggestion for the next time.
I think there is nothing in this world that a person cannot do unless they have a strong will for it. And people always learn from their mistakes, so I think every person has the opportunity to learn from every mistake and at the same time, they have the opportunity to overcome it. I have heard most of the big professional traders I have seen say that they made a lot of mistakes in the beginning and that each mistake was a lesson and that is why they were able to hold this title today.
Opportunities are there for everyone, but time is precious. If you don't learn from your mistakes, it will be even harder to overcome them.
True talk from you bro, definitely there isn’t any thing someone can not do except one isn’t ready enough to do it but when the mindset is strong towards that certain thing then with time the person will perfect everything within a glance. Lesson or mistake teaches a lot more than a teacher or professor cause when you made a mistake to make that same mistake again will be very difficult except the person is dumb or wishes not to learn from it. Determination, mindset and dedication will keep you going not giving up will also keep you going and sooner or later you will definitely get the reward in one way or round so let be patience and keep focus even if we face a lot of loss or mistakes the outcome will be massive.
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Sometimes you can overcome mistakes but not always. Those who can learn something new from their mistakes and always remember them, then who says they can overcome. But if someone does not try to find his mistakes after making a mistake and keeps repeating those mistakes, then there is no chance of overcoming it. If you are careful, you can analyze the mistakes and overcome them immediately, but you can avoid them in the next steps. So it cannot be said that no one can overcome trading mistakes. Maybe at that time he will lose some of his capital by making losses. But his mistake will be a good suggestion for the next time.
I think there is nothing in this world that a person cannot do unless they have a strong will for it. And people always learn from their mistakes, so I think every person has the opportunity to learn from every mistake and at the same time, they have the opportunity to overcome it. I have heard most of the big professional traders I have seen say that they made a lot of mistakes in the beginning and that each mistake was a lesson and that is why they were able to hold this title today.
Opportunities are there for everyone, but time is precious. If you don't learn from your mistakes, it will be even harder to overcome them.
that's right, a professional trader experiences many mistakes in the beginning and they learn from those mistakes. that's why many people are impatient in trading, because they need to always practice in learning trading. and this takes time and money, because sometimes we experience losses. many learn trading and succeed in becoming professional traders and many also fail.
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that's right, a professional trader experiences many mistakes in the beginning and they learn from those mistakes. that's why many people are impatient in trading, because they need to always practice in learning trading. and this takes time and money, because sometimes we experience losses. many learn trading and succeed in becoming professional traders and many also fail.
To be honest from a beginner no one can just change in a professional trader in one night. They have to struggle and this are the main struggle of they they faced the losses but they continue their trading and learning because of that they also able to overcome from those situation and also get success.
And another important thing in trading is that there is no end to learning here. Day by day the market situation changes and upgrades and for this, if a trader wants to remain professional, he has to upgrade himself with knowledge. And for this, you will also find this sign in a professional and successful trader.
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that's right, a professional trader experiences many mistakes in the beginning and they learn from those mistakes. that's why many people are impatient in trading, because they need to always practice in learning trading. and this takes time and money, because sometimes we experience losses. many learn trading and succeed in becoming professional traders and many also fail.
Yeah, when it comes to experience, most people only think about successful experiences and forget about the experience of failure in the market, even though they're equally valuable. In fact, experience from failures is even more important because it's created when traders have to pay the price for their own mistakes, and avoiding failures is a form of success in a trading career. Traders need to hold onto their money before they want to make money in this market.
When faced with mistakes, traders just need to look at the cause and find a way to avoid it in the future. Sometimes this is a difficult process, because an order that follows the trading method can still create losses in the context of complex market volatility. Another important thing is that traders also need capital to be able to correct mistakes, which means they also need to have a truly disciplined capital management strategy.
Mistakes can't destroy serious traders, they only help them become stronger and wiser!
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Trading is something that if you want to improve yourself, you need to learn from your mistakes and that's the only way you can take advantage of your mistakes and make it right. We learn everyday and mistakes are there to make us stronger and learn something new. In trading, you are to only use an amount of money that you can afford to lose to trade so that it does not affect your finance.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
Yes, mistakes are inevitable but can be overcome, and it is actually a leaning process as time goes on. When you make mistakes, and realize the areas you under performance or failure, it brings out the best in you except you don't want to build on continuous careers.
Just like you said, "you learn from mistakes". as a matter of facts, anyone on the crypto business with the mindset of giving up can't be successful. I think the bast thing is learning, and without lessons on a chosen career, it will be difficult to grow.
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One of the best ways one can overcome trading mistakes is journaling your trading journey, what trade you are taking, why you are taking that trade ,should your position size be big or small,is your take profit at a possible resistance level where it can be hit easily without being in a drawdown or trend change and most importantly is your stop loss placed properly,when these are recorded daily whether the trade is a profit or loss it will and can help you in your future trade while being consistent with the types of trade that are profitable and learning from your mistakes in trades that are losses.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
- To overcome mistakes in trading is simple, and that is to accept that the strategy we have made in trading is wrong. That's why some people say learn from the mistakes we made in trading. In short, change the strategy and use a more effective strategy in trading.
And second, let's also learn from the mistakes of others besides the mistakes we have made in trading. At least we have not experienced the mistakes of others, it is better not to imitate what they have done wrong because we have already seen it.
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Yes, mistakes are inevitable but can be overcome, and it is actually a leaning process as time goes on. When you make mistakes, and realize the areas you under performance or failure, it brings out the best in you except you don't want to build on continuous careers.
Just like you said, "you learn from mistakes". as a matter of facts, anyone on the crypto business with the mindset of giving up can't be successful. I think the bast thing is learning, and without lessons on a chosen career, it will be difficult to grow.
It is not only just Crypto world or business where we have to face the difficulties and also lots of people mindset become to give up in the middle time when they do mistake and face losses. And here the people also did their big mistake and that was take leave from the sector. In every sector we have to face the difficulties and as well if we give up we will also not going to have the success on those sectors also.
So if we want to try anything, we have to stick to it, even if we make mistakes repeatedly, we have to correct them.
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You could overcome it by reading your journal. If you don’t have a trading journal, you should start one. Then, you should find out your emotional approach to your trade and see if it is the one you feel when you are trading, and success comes with it.
Being consistent with your trades would, I think, make you really profitable.
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Mistakes is inevitable and impossible to overcome, but can be valuable learning experience to succeed by identifying what went wrong and why, is a crucial step. most of us especially newbie sometimes make mistakes at the initial stage and when they are unable to manage it they quit, by adopting strategies you can effectively learn from mistakes and achieve growth.
The only way you can avoid making mistakes in trading is by consistently learning from your mistakes and avoiding it the next time you want to trade. Stick to one strategy and make sure you are always coming to check the charts daily, that’s the only way your trading game will hope up.
As a newbie, you should have in mind that making mistakes is all part of the game and when you don’t accept that, you’ll only become more and more discouraged with the results you’re getting from trading. Your mistakes should build you and not break you, that’s the only way to make your trading better.