#TradingMistakes101 One of the mistakes one makes is selling out of desperation. Let's suppose you buy an asset for 1 dollar (after doing your research on the asset) and after a few hours you notice that it is going down. Now it costs 0.90 and in the following days you see that it goes even lower to 0.85. You panic and decide to sell. You sell at 0.78. After 72 hours you notice that the currency starts to rise and reaches a point where its value exceeds 1.70! This is where you lose your money: you buy at 1, sell at 0.78, and days later it reaches 1.70.