Quote from: r32godzilla on May 06, 2018, 08:09:34 AM

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.

New traders will often just take profits, as soon as they are up a certain amount of money on a trade, They focus on their PNL rather than what the market is saying. You need to set profit targets before entering your trade so you will not be PNL focused. If you know where the stock should end up. You will not make a living as a trader, if you cannot be patient with your winners and let them play out to their full potential. You will almost never buy at low of day and sell at the high of day, but if you should consistently strive to capture the meat of the move.