11 MISTAKES, WHY 90% OF TRADERS LOOSE THEIR CRYPTO TRADING

11 MISTAKES, WHY 90% OF TRADERS LOOSE THEIR CRYPTO TRADING

Contents to be discussed or shared with readers:

The list of 11 most popular crypto trading mistakes and advices:

  1. Don’t using a copy trading.
  2. To Follow the Trend.
  3. Switching too often.
  4. Dream of Getting Rich Quickly.
  5. To Decide Whether You are a Trader or an Investor.
  6. Put an End to Over-trading.
  7. Stop Being Greedy.
  8. Invest What You Can Afford to Loose.
  9. Division of Entries.
  10. Fud & Fomo.
  11. Start Booking Profit.

1. Don’t using a copy trading

If you are a beginner in trading – you can use a copy trading services to follow and copy successful traders automatically. As a result you can review trading logs of trading decisions of professional traders and educate yourself based on that. A copy trading is a very useful and low risk way to ear money on trading for newcomers.

You can use a copy trading on the Jet Bot platform as Jet Bot is an official broker of top crypto exchange Binance.com. Average monthly profitability is +21% per month and could reach even +170% in most profitable months.

You can try a copy trading at Jet-Bot with a free 3 days demo account at jet-bot.com

2. To Follow the Trend:

One should follow the trend while trading or investing. It can make huge problem for you, if you don’t go with the flow of trend/news.

3. Switching Too Often:

One should not switch too much while trading or investing. It may cause loss eventually. If you have already invested on a project with caution and the project has a very good chance to prosper then you just need to wait for your chance.   

4. Dream of Getting Rich Quickly:

One should not be in rush to get rich. It is true that in this field getting rich is not some urban legend! It is true for sure! But you have to wait patiently for perfect moment to invest on right coin on a right time.

5. To Decide Whether You are a Trader or an Investor:

One should first clear his/her mind that whether they want to be a trader or an investor. Don’t get influenced by others it is up to you to decide whether you want to be a trader or an investor. So make up your mind before taking any step further.

6. Put an End to Over-trading:

One should not get addicted to trading. People get addicted to trading and without any concern they trade one after another and so on.

7. Stop Being Greedy:

One should not be greedy either or they end with lots of loss. First, you should decide your profit aim and then take part in any entry. This one is only applicable for short-term investment. 

8. Invest What You Can Afford to Loss:

One should be prepared for any kind of loss because “Crypto Market” is a kind of market where profit & loss are part of daily activity. So, you should not invest, if you are not prepared enough. You should only invest those money which is extra or are not part of your livelihood because any thing can happen. You might be at loss or even worse you can lose all of your money.  

9. Division of Entries:

One should divide their entries or Decentralise it. If you don’t divide your entries and invest everything on a single entry then, there might be a risk to lose all of them. So, if you divide your entries then, it would a win and win situation.

 10. Fud & Fomo:

Word ‘Fud’ means “FEAR” and ‘Fomo’ means “HARMLESS”.

One should not be afraid to lose due to some rumors he heard from someone else. If you have invested on a certain project after some study and research with necessary measures and the project has a very good chance to be a success. Then, be confident in yourself and take initiative action. 

11. Start Booking Profit:

One should stop looking at profit and should start booking it. Leave greed far-far away from your trade and starting taking the profit rather than looking for it.