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kobi

A Mistake or A lesson

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From mistake we get lesson, the problem is sometimes we blame the market. I only have a year experience about trading activity and only get one lesson, never enter market without set SL and TP. Look's simple but I don't know why I keep broke that rules and make me lost 40% from my fund.

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I will tell you a mistake or a lesson is that for an example trading in trading everyone does when the price is high we buy and in pressure we sell in lose this is a wrong way the right way is buy when the is price is less and sell in high 

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Success will become a bloody lesson for you, because every time you fail it can affect your economy, from which you will learn from your own experience, such as loans called tuition.

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It is a lesson. If you think it is a mistake you are just being pessimistic. It is better to be positive about life and learn from errors than to look at it as mistakes. Mistakes are punishments but lessons will help you grow as a trader. The number 1 rule is to not repeat mistakes you made in the past or else it is insanity.

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I think that we receive lessons from our mistakes. Nobody can be perfect in any sphere and we become better only when we have mistakes, so making mistakes is very good 


 

 

 

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Just to revisit this concept of mistakes, it's not a question of whether or not you will make a mistake. Everybody makes mistakes, and you have to allow yourself room for mistakes. If you make mistakes it's for learning, and if you make the same mistakes over and over then you become crazy. So when making a mistake make a trading journal and write the mistakes down so you don't repeat same mistakes. Or post it notes work.

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You are right and wrong every time you have a valuable lesson, which is also a measure of success for those who dare to think and dare to do, from which you will step to new and successful things.

Edited by tranhungritc

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You cannot learn a lesson without done a mistake, and if lesson without mistakes you will not understand the risk and mistakes to avoid in trading


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The problem I have noticed is that in life we have been programmed to avoid failure at all cost,eventhough, our greatest success comes from the lessons learnt from our failures, therefore, I highly recommend that one tries a demo account first, then after learning the ropes of trading one can then move on to the real trading platform.

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Mistakes is what makes you a better person,you will never learn your lesson and be wise enough if you didn't made such mistakes in life.Mistakes makes you more stronger.Stay positive😊

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In trading mistakes are natural it is unavoidable, the only thing you can make it is learned from that mistake and never let it happen again. as they say every mistakes has a lesson.

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The more you do trading,the more experience you gain and if you ever make a mistake,consider it as a lesson and try to learn from it.

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Yes, that’s right. There are no such people who did not make mistakes in trade. Learn from mistakes! From each mistake you will learn a lesson, and in the future already make good money on it. Always be positive and you will succeed!

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On 10/31/2019 at 6:04 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...

Some errors can be considered lessons to be learned in upcoming deals. But there are devastating mistakes that can destroy the idea of trading in the first place and prevent us from completing the road.

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Wether losing or earn in trading you are still learning, 

But you tend to learn more if you are losing much to trading.

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In this trade there are risks, but there are also a lot of ways to save your money and for less risky trading such as profit and loss points, division of capital and diversification of investments.

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In crypto world any mistake give you a lesson. all should be aware in this world before doing any action but if any time after doing any mistake need to learn from it.

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3 minutes ago, Sagor said:

In crypto world any mistake give you a lesson. all should be aware in this world before doing any action but if any time after doing any mistake need to learn from it.

You're right, mistakes in any case or mistakes in business are a lesson for us to be better going forward, in trading, profit and loss are common

then we need to keep a journal of trading

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11 hours ago, Kenan mehoub said:

In this trade there are risks, but there are also a lot of ways to save your money and for less risky trading such as profit and loss points, division of capital and diversification of investments.

Yes in crypto trading making profit is is a risky process but to earn some one need to take risk. if any time anyone loss his asset than he must need to take it as experience.

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We all made a mistake in trading all over our experience and with those mistake we learn more of course and fast , but the only mistake is you can do it to repeat your mistake that's not good for you in trading

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For most people losing money in trading is like disaster, they can't accept it and think that is big mistake. So they closing their mind to thinking clearly about that mistake. Maybe judge people who refer them to join in trading. But who have chance become professional in trading, every mistake is the lesson. They will always learn something from any mistake they create.


Please don't spam this forum!

Give me 💙 if my post helpful

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All mistakes are lessons, if you learn from it and dont give up. Trading is risky and things can go south anytime. Naturally, we will make mistakes. Some of these cannot be prevented. But those that can can be learned to not repeat again. No one became a master-trader when they were born, but by experiences and mistakes. It is the mistakes that harm us the most, but we will never forget them and thats what makes them powerful lessons.

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On 10/31/2019 at 10:13 PM, leon said:

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

You are exactly right about the fact that there is no mistake in trading it all lesson here because if you make a mistake you will lose your investment thus learning a lesson not to do that mistake again.

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On 1/15/2020 at 8:04 PM, Balegi said:

Wether losing or earn in trading you are still learning, 

But you tend to learn more if you are losing much to trading.

When a trader is losing so much, it means there's lot more to be learned but only few beginners see it that way, instead they start accusing the system, saying everything is manipulated. Well every trader in the market is out to make profit, so it's a survival of the fittest. To be fit, a trader have to come equipped with the right knowledge, skills and trading psychology or they'll never get it right.


 

 

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4 minutes ago, zawal said:

A botch can be a botch and it can not be taken again however it can be repaired so that it wouldn't rehash itself, and In that case you learnt a lesson you could furthermore see up to

But it is much better to learn even without mistakes. If we do research or to learn more about life and on anything around us we may do things right without waiting for mistake to correct us. But its also nice to learn from our mistakes and treat it as a lesson.


JOIN US AND WIN BIG PRIZES FROM DIFFERENT GAMES!!!

https://www.bitsler.com/?ref=Mandoy

 

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If the pair rises, it will encounter resistance at levels 1.2760, 1.2800-1.2820, 1.2885-1.2900.   No significant economic statistics are scheduled to be released in the UK next week.   USD/JPY: A Very Calm Week     The past week was surprisingly calm for the yen. USD/JPY moved within a super-narrow sideways channel of 156.60-157.00 for the first half of the week, but then, amid US data and Japanese macro statistics, the trading range expanded slightly to 156.36-157.70. Compared to the price swings at the end of April and early May, it's hard to believe this is the same currency pair. Interestingly, Japanese financial authorities have not officially confirmed whether they conducted intensive yen purchases on 29 April and 1 May to support its exchange rate. 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However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. 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This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
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