Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: bdsharminsoltana on November 26, 2018, 10:12:03 AM
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Hello traders!
I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders? And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?
Can you share your thoughts and experiences about tradings.
Thank you in advance.
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I guess most common problems of a trader is emotion. Idea of a trader is buy low and sell high but this is forgotten when emotion strike you. example scenario, A trader buy at he think the best buy point but suddenly after he buy the price is continue to fall down at the deepest dump. So he's panic mode and thinking that the price still dumping so he sell even below at his buy order. Big mistake, he loss funds with emotion
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Patience mate. Thats the most important thing that trader must have in him while making the trades and investment. Many times people just go rushing their trades and make it worst or what can I say complicated! They refuse the idea of keep the coins for long time, dont use the tools like limit orders and stop-loss and thus loos more money than they can afford to loose it. I believe this should be one of the character people must have in them if they are starting any kind of trade. Literally we need to have patience while making the short term trade also.
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I think that failure to trace the most undervalued coin and investing in a coin which is just getting pumped and dumped due to lack of market knowledge is the main mistake which majority of new traders encounter.Also traders should not be vulnerable to market fuds otherwise they would have o lose their investments.
Also traders should avoid investing in newer coins until they get stable in the market
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It seems to me that the main reason for the loss of traders is greed and excitement, which sometimes blow their heads, and then they lose both profits and fixed capital!
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One of the common mistakes by many traders is that they stick to only one coin, they don't change to other coins, also they are so moved by FOMO.
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Just selecting one could be a terribly risky action, as a result of once you fail you'll lose everything. Divide many parts and benefit investment management. you want to be good to try and do analysis which method you'll get satisfying results.
Investment should be done rigorously, selecting lots of investment can cause you to have lots of selection to induce a profit.
I was originally doing this wherever solely invest in one or 2 cryptos solely. within the results of course if huge will increase then the profit obtained. however at the instant this fall then the consequences and risks been watching for as a result of it additionally can lose substantial worth. distribute it to multiple cryptos higher so as to form a reciprocally cowl and balanced.
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The biggest is that not believing fundamental analyses is needed alongside and technical analyses. It is my view that the speculative nature of crypto cannot be forecast with TA alone, the cycles are too quick and too responsive of fundamental factors.
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Hello traders!
I am new here in this forum I don't have more knowledge about tradings, but I think maybe someday if I will given a chance to do trading I think I should try it. So I always read articles about tradings and also I read threads here in our forum about trading discussion. However I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders? And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes?
Can you share your thoughts and experiences about tradings.
Thank you in advance.
Revenge trading after a loss, not abiding to your strategy, risking more than what you should risk because of greed
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* Being emotional
* Lack of Proper Knowledge
* Greed
* Impatience
* Revenge
And others. Always make proper investigation before buying a coin. Do not allow emotions to control your trading.
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What I experience and sometimes often is when selling coins too early, even though the coin can be sold at a higher price, maybe for fear that the price of the coin will go down again so I sell it in a hurry.
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What I experience and sometimes often is when selling coins too early, even though the coin can be sold at a higher price, maybe for fear that the price of the coin will go down again so I sell it in a hurry.
Regarding your problem my advice to you is you try to work out a strategy that once it hit your take profit zone you just sell it away and you comply with with rule. The market is always going up and down and you want to reach the full potential for every coin is almost unbelievable.
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I would like to ask all traders here that have more experiences about trading if what was the common problems that encountered of an ordinary traders? And what was the common mistakes had you ever experienced and how could you manage this problem and mistakes? Thanks