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A Mistake or A lesson

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Trading is full of decision making which presents us continuously with the opportunity to make mistakes, I don't think there exist any trader who has not made any mistake in one way or the other, but then, mistakes made in trading could be very expensive, they can cost you alot maybe  from few hundred bucks to thousands, in the mist of the mistakes comes a choice, the choice of turning those mistakes into a lesson learned, the former profits you nothing but the later can bring back millionszz... Stay positive...

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A wise person said you should learn from other people's mistakes so that you don't have to learn the hard way by making them yourself. A good idea for trading is practicing on an site which give you fake money, but real markets. There is no risk, only lots of lessons.

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It's true that learn from mistakes. If you learn from your mistakes than it will be a lesson. So be positive always whether you are going through a bad time. Try to take risk. Today if you lose few coins by trading, tomorrow you will earn a lot. Because of enthusiastness. 

Just now, kylepresz said:

A wise person said you should learn from other people's mistakes so that you don't have to learn the hard way by making them yourself. 

You can learn from other's mistake it's a theory but you can't implement those lessons on you. It's fact. And that happened for majority of persons.


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**A lesson through a mistake**

I believe that mistakes are the best teachers that make us learning new things that we did not know before

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in trading there is no mistake. here all is lesson. by doing every fault, you could lesson a new Technic. by that you don't do the same mistake and can prosper in trading section

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With more forces than can be counted influencing the market, it is rare to find any trader that does not make one mistake or the other in the course of trading. So then, making mistakes is not the problem, what is, is an inability to learn and be able to reduce the frequency of such mistakes. Whenever I lose a trade, I like to see it as having handed over my money to them to hold for me until I demand it of them.

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2 hours ago, setifien said:

**A lesson through a mistake**

I believe that mistakes are the best teachers that make us learning new things that we did not know before

Yes you are right, our mistakes teaches us with a practical example, a wise man once said you can't argue with a man that has experience. This implies that the personal experiences you get from your own personal trading will teach you and even equip you with more knowledge than you could ever get from other's experience  or books or any expert out there. So don't get scared of making mistakes, cease the opportunity and always make the best out of it.

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Yes mistakes In crypto could be costing you lots of money which is why people shouldn't be throwing their money at every ico or ieo or even a coin on an exchange before doing their research on the coin and the team.

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dude take this : mistakes is part of works but the secret is to learn from your secret so you can avoid it next time , cause not all traders can do that , at least try . 

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An error becomes learning and experience only if you stop to correct it, if you do not pay attention to it or it affects you in a negative way you will continue making the same error over and over again.


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When I make a mistake, I always say I learned a lesson that cost me a lot and I shouldn't repeat it again

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A mistake is a mistake and it can't be taken back but it can be repaired so that it wouldn't repeat itself, and In that case you learnt a lesson you will also look up to

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20 hours ago, kobi said:

Trading is full of decision making which presents us continuously with the opportunity to make mistakes, I don't think there exist any trader who has not made any mistake in one way or the other, but then, mistakes made in trading could be very expensive, they can cost you alot maybe  from few hundred bucks to thousands, in the mist of the mistakes comes a choice, the choice of turning those mistakes into a lesson learned, the former profits you nothing but the later can bring back millionszz... Stay positive...

Everything is right friend, traders are constantly mistaken, but there is a rule that helps not to become impoverished) Just do not put in the purchase order no more than 5-10% of your deposit!

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As you are trading, you should consider your mistakes as lessons....you have to stay positive...experience will help you later...

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From the mistakes you can learn, it is learning from which you pay with money, it depends on each one to learn from it or continue committing them again and again, it is worth failing if you do not stop for a moment and take note of failure.

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Well if you make a mistake trading cryptocurrency you should take that has a lesson that is how I approach all the mistakes I have made since I started trading with cryptocurrency, this makes me to avoid making those same mistakes and improve my trading.

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On 10/31/2019 at 5:15 PM, kylepresz said:

A wise person said you should learn from other people's mistakes so that you don't have to learn the hard way by making them yourself. A good idea for trading is practicing on an site which give you fake money, but real markets. There is no risk, only lots of lessons.

Learning from other people's experience is a wise thing to do but there is a limit as to what you can learn from others experiences since you are not directly involved, therefore, there is need for personal and real time experience.

4 hours ago, guderfy14 said:

Always remember this every mistake is a lesson so dont compare with this two. So in relation with crypto if we have some mistakes due to our doings in crypto world if it is trading, investing  or in the forum etc. the very important is we learn to our mistakes and it is being lesson to on what should we do if  the same problem will occur again. That's my qoute in life "every mistake is a lesson

I think I will also be right in some sense when I say a caterpillar is the same with a butterfly but wrong in another sense. a mistake is a caterpillar form of a lesson being the butterfly. of course there are many processes involved in this metamorphosis.

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I think this is where managing risk and trying to reduce losses is important when you make a mistake. Someone once said that as long as your wins are big and your losses are small, and your wins outweigh your losses, you are generally on the right track. This basically means that your frequent, big wins can easily cancel out small, rare losses.


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That's right, you need to be always positive, always learn from your mistakes! If you learn from mistakes, then you can get a lot more benefit than if you never understood them. And the next time you will not make such a mistake, because you will know her name!

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On 10/31/2019 at 5:04 PM, kobi said:

Trading is full of decision making which presents us continuously with the opportunity to make mistakes, I don't think there exist any trader who has not made any mistake in one way or the other, but then, mistakes made in trading could be very expensive, they can cost you alot maybe  from few hundred bucks to thousands, in the mist of the mistakes comes a choice, the choice of turning those mistakes into a lesson learned, the former profits you nothing but the later can bring back millionszz... Stay positive...

Learning from your mistakes can be heart breaking and can make staying positive hard. Reason someone called experience a bad teacher as it gives the test before the lesson. Loosing money in a very volatile market like this can be heart breaking as it might take longer to make it up and that's if you did not go on revenge trading. I wish you luck

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9 minutes ago, Kim K said:

Learning from your mistakes can be heart breaking and can make staying positive hard. Reason someone called experience a bad teacher as it gives the test before the lesson. Loosing money in a very volatile market like this can be heart breaking as it might take longer to make it up and that's if you did not go on revenge trading. I wish you luck

I completely agree with this submission. It is easier said than done. In real life, how many people rebound from failures to be successful again without giving up? Why do we appreciate and celebrate these people if they rebound? It is hard to just move on after losing so much in crypto market. Few hundred is fine but when you lose money in thousands, you need motivation to come back

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Mistakes will made us more aware to decide what coin would we sell or buy and every traders in this world have been experience lost but maybe one which makes they different is they can learn from their mistakes and never give up 

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You are right its better to learn through mistakes and every one should make mistake somewhere in order to be teaches, but if you never apply mistake you'll never know bad things and good things.


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1 hour ago, kobi said:

Learning from other people's experience is a wise thing to do but there is a limit as to what you can learn from others experiences since you are not directly involved, therefore, there is need for personal and real time experience.

If you could sit down with a mentor or professional trader who consistently wins, that would be a good start. Likewise, if you could sit down with an amateur who consistently loses, that would also teach you a lot about what NOT to do.

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