Quote from: Hemady17 on May 28, 2018, 01:32:02 PM

Quote from: Asoss.io on January 29, 2018, 11:35:46 PM

Top reasons that leads to fail in trading

Being emotional. It's hard to control your emotions especially once prices go down and you see all your money go down the drain. The panic seller's attempts to cut losses has only hurt them more in the process and makes them end up losing even more. Unfortunately, FOMO takes over and this is what kills the newbie traders. Using your emotions will probaly lead you to lose everything..

Drifting through the wind. chasing the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin.

Don't put all your eggs in one basket. Diversity. Diversify your investments so if one falls, other investment may help you to recover.

For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal, News

P.s
I have quote some people words from my last topic

I think you need to add being greedy as another top reason for failure in trading. This kind feeling is so dangerous that it can lead to massive loss in portfolio.

While on the other hand the thing you need to add to become a successful trader is knowledge in risk management. Risk Management in trading is the art of identifying the Stop-loss (S/L) and take-profit (T/P) points.

True that some people become so greedy when they see that bitcoin is increasing in price even is the price was risen for small amount so they trade with small price, as most of people use to say that trading is risk so I think if before starting they will know about important features of bitcoin so they will not lose anything but they will get profit, the other thing most of foolish people waits for bitcoin to be expensive sot that then they buy and trade when they see price is getting down,, so it is not a good thing for a good trader.