Quote from: angaper on October 02, 2018, 09:14:31 PM

Quote from: isidrorex on July 26, 2018, 04:15:59 PM

As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?

Due to their inexperience and the false expectations with which newbies tend to start this business, there are endless bad practices that often lead them to suffer large losses again and again in a fast and repetitive way, and according to what I have observed in the years that I have been involved in this business, some of the errors are the following:

1) Lack of an adequate trading plan that involves money and risk management.
2) Lack of discipline, patience and emotional control.
3) Ignorance of technical aspects such as stop loss-take profit levels, risk-reward ratio, technical analysis tools, etc.
4) And above all, the search for unrealistic goals and excessive greed.

This is a great share from an experienced person in this market that new investors should learn seriously. I also advise newbies to invest a small amount of money initially and remember to invest only in your own capacity.