Your 10 Worst Enemies! as trader - Page 6 - Crypto World - CryptoTalk.Org Jump to content
azmo

Your 10 Worst Enemies! as trader

Recommended Posts

this is true unfortunately even we know these type of mistakes it can still happen in which make it for others very annoying as they think like 'we know these mistakes why im doing this?!' something like that as for me if i make these mistakes prob its my problem not realizing things should have before doing something.

 

Share this post


Link to post
Share on other sites

The points that you created about the enemy of traders here is on point because I think that we should really recognize what might we encounter here in cryptocurrency because you can't really expect anything that might comes ahead in your experiences about cryptocurrency. 

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Emotions are difficult to control in this business, especially anxiety and fear of losing your money. but it is something that must always be taken into account. creating a strong and focused mind is also an important part of being successful with cryptocurrencies.

  • +2 1

Share this post


Link to post
Share on other sites
On 12/18/2019 at 3:46 PM, azmo said:

Here are the biggest threats to a trader:
 

1. Stubbornness:  Failure to cut losses and a continued pattern of staying in trades past their invalidation point.

2. Trading too big:  Once you take on large positions, it's not a question of whether major trading goes wrong, but when. If your risk size is too high, a losing streak will easily empty your balance and create a large draw down that is difficult to climb out of.

 

3. Arrogance:  Believing that, for no apparent reason, you are smarter than most market participants. Expertise has to come before confidence.

 

4. Euphoria:  The riskiest phase in your trading journey is the time you feel like an unstoppable god. Remain grounded in your trading plan. Some major losses are attributed to over-confidence and neglect of proper position sizing.

 

5. Opinion:   Individual perspectives are irrelevant unless you have a fully functional flux capacitor or magic wand. The core factor that contributes to a profitable trader is their reaction to the price action.

 

6. Anger:  An upset trader is a poor trader. Anger skews the expectation of a trader and leads to greater activity while you are poorly operating. Do not act forcefully, remain emotionally cool and trade the plan.

 

7. Adding to a failing trade:  Doubling down on losing traders makes you want to hold it longer, hoping desperately for a turnaround. Trading aggressively against the trend is generally not the best idea, and adding to a losing trade is bound to create losses.

 

8. Bias:  It's risky to get caught in bull-mode or bear-mode and can end in draw downs if you keep playing on a team that loses day by day. Continue your flexible trading and go for the ride. Staying on the losing end of a strong trend is costly.

 

9. Chasing a trade: Unless you miss a great entry spot and then price moves away, it's best to wait out the trade. It's easier to have a strategy and be prepared for the next setup. Most notably, Risk /Reward proportions will be skewed if your entry is too far off.

 

10. Themself:  the willingness of a trader to self-control can decide their long-term success. A successful trading system must be adopted in real-time market conditions after back testing with consistency and correct position sizing. On your path to trading prosperity, the biggest enemy you'll ever face is yourself.

 

Yes I think we can avoid 10 enemies in the trade. We must learn not to be stubborn when trading, because trading is not something that can be done quickly and also get a quick profit. Avoid the 10 habits above so that you can become a successful trader.

  • Useful or interesting 1
  • +1 1

Share this post


Link to post
Share on other sites

Thank you very much my dear. Indeed I am have many of these negativity in my trade and I am acknownlegded and I am think that I am now grow into a better trader by not being haveing a lot of fear or do all the other dangers for my trade, but this is not very easy and need to be very focus with the trading.

  • +3 1

Share this post


Link to post
Share on other sites

These are most feelings and we have to be clear when we trade and don't have emotions distruct our attention. I am not trade a lot but I have found myself doing mistakes many times too, so I will have to improve if I want to be most profitable and not make even minor mistakes that will make me lose some money.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

My thanks for your excellent and well written advice my friend, this is the reason I am using this forum for the good advice that the excellent members are giving and if there is something in trading we need to learn is to deal with all the above that are emotional and thought process that we need to change.

  • +1 1

Share this post


Link to post
Share on other sites
On 12/18/2019 at 10:46 AM, azmo said:

4. Euphoria:  The riskiest phase in your trading journey is the time you feel like an unstoppable god. Remain grounded in your trading plan. Some major losses are attributed to over-confidence and neglect of proper position sizing.

To me it looks that we are very close to this one. I don't know if we are or we are in some short of greed phase as many seem to think that prices will reach a lot higher but the cycle seem to be in a difficult point. Prices can go down a lot just to shake out newbie investors.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Basically all are solved once you trade with a good plan. If you just trade and go without anything in mind like what to do when to exit and when to stop losses you are not trading as you should.

  • +1 2

Share this post


Link to post
Share on other sites

To sum up all of the enemies listed to the thread, I would say that the only enemy that the traders have are themselves since it is only a matter of decision making and a good judgment to the scenarios and events you might encounter in the transaction they have in the trade exchange market. I would say that you could be influenced whether it is bad or good because in the end, it is still up to the users to whether follow or not those things that may influence their decisions because after all the drawbacks, aftermaths and result will be delivered and received only by them since those who influence them would not be part of any of the decision you make.

  • +2 1

Share this post


Link to post
Share on other sites
6 hours ago, hajathava said:

From my experience, over trading is the worst enemy of traders. It can easily increase your risk of losing than earning profits. So therefore there should be a limitation about the money that you are going to use and also a limit of time spending, and know when to stop the trading.

yea a lot of traders fall for this one, this is why most of the old traders will advice you to stay out the market when you make big gains so your emotions and happiness dont make you invest your profits right away and end up losing it.

On 8/4/2020 at 6:46 PM, benalmoh88 said:

you are right, i'm traded in MATIC without stop lose, the buying price was 274 Satoshi and till today i'm holding this quantity and i hope for each time the price will be increase for selling my coins but the price is always down

just a peice of advice to you my friend, never hold a coin that is down more than 10%, or else you will just be holding a bleeding coin that will constantly make you lose money, rather focus on coins with upcoming news and hold it

  • Useful or interesting 1
  • +2 1

Share this post


Link to post
Share on other sites

Trading big as a beginner  can result a loss in the cryptocurrency  Trading so better to start  from lower trading  amounts for begginers in the crypto markets. 

Share this post


Link to post
Share on other sites

Without the proper knowledge and planning you will more likely to face a loses, don't get sway by your feelings and always focus on your strategies, in that way you could decrease the chances of failure. Yeah it is so frustrating especially if you had always lost, but it was a part of trading, so just keep feeding yourself with knowledge, in that way for sure you would win.

Share this post


Link to post
Share on other sites
On 12/18/2019 at 10:46 AM, azmo said:

3. Arrogance:  Believing that, for no apparent reason, you are smarter than most market participants. Expertise has to come before confidence.

I think this describes all the crypto traders that appear in youtube, twitter and any other platform. I've not seen anyone not been cocky or arrogant enough and it seems it is a style that idiots love and follow them, then buy their courses, then buy their signal groups and they lose their money.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Creo que solo tengo un peor enemigo y que todos lo tienen, son estafadores que simplemente te engañan para que robes tus criptomonedas, ese es mi peor enemigo, por eso hay que tener mucho cuidado con las plataformas falsas, sitios web, billeteras falsas y Tenga cuidado donde invertimos nuestras criptomonedas.

Share this post


Link to post
Share on other sites

If you ask me, I will tell you the major enemy of any trader at any level is low-volume and unknown coins. Unfortunately, so many traders are in a hurry to get wealthy and they can't tolerate to trade with well-known coins and earn little by little. They want a big earning as soon as possible. To achieve this, they will buy and invest in any coin without finding some information about it. A few of them may reap good rewards but most of them will definitely fail when their coins will disappear or lose value quickly.

Edited by Brushless4500KV
  • +3 1

Share this post


Link to post
Share on other sites

Thank you very much dear friend for contributing this topic to us in a very interesting opinion since you explain very interesting points where all beginners should take note since they are very valuable than the information you provide us
Big winnings and luck for everyone
A big greeting

Share this post


Link to post
Share on other sites

This was a nice contribution and an excellent list of the top-10 mistakes that can happen during trading. I agree with all and we need to start trading slowly and not make decisions that will cost us. When there is bull run like it seems to have started, do not sell at a loss. Ever.

  • +2 1

Share this post


Link to post
Share on other sites

I have traded but found that many exchanges like Binance are not very user friendly. It does not allow you to trade as you want and is created in a way to make you make mistakes. I have quit Binance for this reason and quit trading too. I use yobit now that has the fastest system I can use and not make mistakes.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Thanks for all of this good advice my friend. In addition I would also like to say that it is important to sell at a profit no matter what coin you bought and waiting and patience are important. This is not the top and even if price drops for a week it will come back again so don't make mistake to sell lower.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
On 10/22/2020 at 5:38 PM, ShiNorton said:

Trading big as a beginner  can result a loss in the cryptocurrency  Trading so better to start  from lower trading  amounts for begginers in the crypto markets. 

yea because those who start with big amounts of money and start trading without any knowledge will end up losing most of their money and hating crypto as well.

  • Useful or interesting 1

Share this post


Link to post
Share on other sites
1 hour ago, Naga said:

yea because those who start with big amounts of money and start trading without any knowledge will end up losing most of their money and hating crypto as well.

@Naga was your starting in trading with a small amounts?  I tried from Bitcoin and XLM. Both coins were very famous  when I was a novice in the crypto t radings. 

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

I think that bias is the biggest enemy, because there may be some reasons why you want a currency, or a stock and therefore you may be biased in your reasoning.  So ,it's always good to be like a judge and be unbiased when trading, and also TRADE what you can AFFORD to lose only

  • +1 1

Share this post


Link to post
Share on other sites
On 12/20/2019 at 2:14 PM, bentayebsalah said:

These rules can be considered as the trader's law of success which must be followed to be a successful trader and protect himself

Thanks KS my friend for this explanation. Thsese ten points you mentioned above are truly the kind of obstacle in the trading system. If we don't avoid to them then we have to face a loss in the trading. So keep avoiding them and best of luck for your journey of trading.

Share this post


Link to post
Share on other sites

While trading, let us be patient, do not let us be greedy, after losing, do not trade, be careful of weekends, learning and having long term experience before using big amount to trade. These are few I learnt when I wanted to start trading. 

  • +1 1

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Надежный и удобный обменник. Никогда не подводил, всегда выполняет транзакции быстро и без лишних проблем. Заявки обрабатываются почти мгновенно. Спасибо всей команде.
    • Сам тоже думаю не садиться в этот поезд, а то пошёл там выполнять их задания в Гелакси и только сбои да сбои, надоело там раз разом крутить кнопку проверки. Почему всё так происходит не пойму, полностью отбили мотивацию.
    • Если их машина по сжиганию будет работать отлично, то и токен будет в будущем расти из-за сокращения его огромного количества. Пока как знаю дела в этом направлении идут не плохо, но рост конечно идут за счёт Битка.
    • Да это уж многих удивило, сам тоже увы не в теме, хотя крос у меня стоил 10$, если был бы 100$, то точно зашёл бы в тему с ремонтом, а там уже каждый день за 20 дайсов мог бы получать по 0.5$ за 20 секунд.  Кстати у вас всё ещё видны ваши кеды ? Их можно ремонтировать 🤔
    • Да, типа это пользователи так сделали, что форум на дне, а ведь с самого начала нужно было понять, что на одной оплата так далеко дело не пойдёт. Нужно было с самого начала работать над качеством пользователей и жёстче бороться с ботоводами, мотивировать на создание топиков, дать возможность размещать реф ссылки во всех разделах форума, в том числе и сокращение ссылки, подключить рекламу к форуму, если так плохо дело с подписанными. И это только начало списка, где всё это можно реализовать, но нет никаких действий очень долгое время.
    • Отлично, что и у вас получилось, теперь можно будет вникать в тему, где как заметил сами их квесты много времени не отнимают, ну кроме проверки. Сделал всё, оставил на час или вообще зайдёшь завтра и уже можно минтить поинты.
    • Если так будет, то шансов на успех скорее всего будет не многовато, когда рынок может пойти на дно и даже Лаунчпад на Бинансе особо то не сможет помочь проекту. Хотя будет надеяться на то что всё пройдёт хорошо и после халвинга не будет сильный спад рынка.
    • Из-за чего про них будут помнить ещё несколько сотен тысяч пользователей, которых они не хило кинули. А всё могло быть иначе, если разработчики распределились с дропом получше как и вообще самим листингом токена.
    • Принимайте high risk платежи со всего мира с помощью Paykassma   Ведущее решение для обработки платежей в Индии, Бангладеш, Индонезии, Вьетнаме, Южной Африке, Бразилии и многих других странах с 2019 года   3,2+ млрд потенциальных клиентов на самых перспективных рынках ждут вас   100+ локальных платежных методов в одной интеграции: bKash, Nagad, Upay, Rocket, PM, PhonePe, UPI, UPI S, IMPS, PayTM, Easypaisa, Jazz Cash, Skrill, Neteller, Vietin Bank, Visa, Mastercard и многие другие   Попробуйте Paykassma сегодня!   Рост конверсии +20% Увеличение оборота x100 за неделю 99.9%+ успешных платежей Без роллинг резервов Без холдов Расчетный период T+0 Поддержка 24/7/365    Моментальный прием платежей, выплаты пользователям и вывод средств в BTC/USDT или через банковский перевод в любое время   Помогаем расти бизнесам в любых вертикалях с 2019:   iGaming Forex Trading Binary Dating E-commerce Education & more   Простая интеграция через API или Платежную страницу с настраиваемой формой оплаты   С чего начать?   Оставьте заявку по ссылке ниже, и в ближайшее время вы получите лучшее предложение для процессинга high risk платежей   Оставить заявку   FAQ   Как выбрать лучший платежный шлюз для high-risk ниши?   При поиске решений для процессинга платежей в high risk вертикалях очень важно оценить, сможет ли шлюз справиться с ожидаемым объемом транзакций, особенно в пиковые моменты. Ищите поставщиков с большим опытом работы в отраслях с высоким уровнем риска. Убедитесь, что шлюз соответствует требованиям PCI DSS. Проверьте, насколько легко интегрировать конкретный шлюз с вашими существующими системами. Paykassma работает на рынке high risk платежей с 2019 года, поэтому наша команда сможет обеспечить надежную инфраструктуру, способную без труда обрабатывать платежи в любом масштабе.   Что такое процессинг high risk платежей?   Обработка high risk платежей – это услуги, предоставляемые Paykassma бизнесам, которые работают в вертикалях с повышенным риском возврата платежей, мошенничества или более склонны к финансовой нестабильности. Регулирующие органы часто осуществляют усиленный контроль над подобными организациями. Это такие вертикали как электронная коммерция, фарма, нутра,  форекс, трейдинг, азартные игры (“гемблинг” или “гэмблинг” как казино, “букмекерство” или “беттинг” как ставки на спорт), развлечения для взрослых и другие. Будучи ведущим платежным процессором в high risk сегменте, Paykassma специализируется на работе с такими видами бизнеса, предлагая им возможность принимать оплату через 100+ локальных платежных способов по всему миру.   Что такое high risk merchant account?   High-risk merchant account – это тип банковского счета для бизнеса в сегменте high risk. Наличие подобного счета позволяет компаниям работать и развиваться, принимая платежи в режиме онлайн. Для high risk merchant account очень важно найти подходящего платежного оператора, который понимает их отрасль и может предложить условия и услуги, соответствующие их конкретным потребностям. Paykassma – выбор лидеров индустрии, проверенный и надежный поставщик high risk merchant account на рынках Азии, Африки и других регионов с 2019 года.   Попробуйте онлайн-демо     Отправляйте заявку по ссылке ниже, и мы предложим вам лучшее решение для обработки high risk платежей по всему миру в ближайшее время       Оставить заявку  
    • Уважаемые форумчане!Рады сообщить, что наш обменник разместился на мониторингахhttps://glazok.org/exchange/?details=1274 https://www.okchanger.ru/exchangers/xgramБудем рады Вашим пожеланиям!
×
×
  • Create New...