I feel sad for this story, don't blame yourself for the failure because you are not the only one who experience the same things, a lot of people have already experienced this things, even those professional traders have experienced this way as well. What makes them different is that they never quit once they have lost a huge opportunity, instead of feeling bad, blaming themselves, they take it as a lesson and become better for the next trading
Topic: A little sad story (Read 670 times)
So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
It's usually your fault that you have to fix your own mindset in order to hold on to the currency you have to analyze the market correctly others research can be wrong people can learn something new if they make mistakes. That's why you need to look at the charts before you stop investing in currencies. Then the problem can be solved.
Personally I always go long term and try to catch sudden dumps, whales selling and crashing the market due to lack of liquidity, squeezes. I don't predict what will happen overnight, don't even try, and I don't use leverage.
You sound like a professional trader because only people who are having good experience never going for leveraged trading and never trying for catching small sudden drops. Always looking for big profits in long run by investing into highly potential asset is the best way of trading and that must be the way of professionals do.Your actions are important. Strategy is important. Otherwise, you will lose what you earned sooner or later.
Timely action and sticking always within plan will always ensure protecting our capital and unrealized profits as well. Most traders are getting distracted when they are seeing spike or sudden drop in markets. This leads them to go away from their plans or enforcing them not to take action on right time. So I got some bonus from bybit.
snip~
Hello, I will explain my understanding of your psychology. Thousands of people have wrong thinking. It consists in the assumptions: "If ... then ..." Such a line of thought will not lead you to success. I could say: "If I bought Bitcoin at 1$, I would be a billionaire now". But that doesn't make any sense. Your actions are important. Strategy is important. snip~
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Otherwise,you will lose what you earned sooner or later.
That only if you spend all of your money. Because if you care about the future, you'll be more wise in spending you money. 
So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
Hello, I will explain my understanding of your psychology. Thousands of people have wrong thinking. It consists in the assumptions: "If ... then ..." Such a line of thought will not lead you to success. I could say: "If I bought Bitcoin at 1$, I would be a billionaire now". But that doesn't make any sense. Your actions are important. Strategy is important. Otherwise, you will lose what you earned sooner or later. I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
many people experience situations like yours, usually panic sell. You can make this an experience and in the future you can do an analysis to find out when to release or when to hold so that you can predict whether it is in the long or short term. good luck in the future
People to go for panic sell because they are not confident about their own technical signals. When we are good at generating trading signals through technical analysis and we are very much confident about accuracy of our signal then we never need to get panic. Moreover, people who are buying signal from other are easily getting panic because they are not aware of anything about market fluctuations.So, understanding about the market fluctuations will help anyone to stay calm which is more important to avoid panic selling.
It's so hard to try to predict moves on leverage OP, I can understand why this happened to you. You're one of those 80% traders who can't make money on the market, but someone has to lose so that someone else can win. That's how this game is played.
Personally I always go long term and try to catch sudden dumps, whales selling and crashing the market due to lack of liquidity, squeezes. I don't predict what will happen overnight, don't even try, and I don't use leverage.
Personally I always go long term and try to catch sudden dumps, whales selling and crashing the market due to lack of liquidity, squeezes. I don't predict what will happen overnight, don't even try, and I don't use leverage.
many people experience situations like yours, usually panic sell. You can make this an experience and in the future you can do an analysis to find out when to release or when to hold so that you can predict whether it is in the long or short term. good luck in the future
People to go for panic sell because they are not confident about their own technical signals. When we are good at generating trading signals through technical analysis and we are very much confident about accuracy of our signal then we never need to get panic. Moreover, people who are buying signal from other are easily getting panic because they are not aware of anything about market fluctuations.So, understanding about the market fluctuations will help anyone to stay calm which is more important to avoid panic selling.
So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
Well, at least you re not use any capital because you use "free" money. And then you already know your mistake so when you use your own capital, you can avoid that mistake again. I'm sorry maybe it is easy to say if not face the actual problem yet. But i think it is better than keep regret. I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
many people experience situations like yours, usually panic sell. You can make this an experience and in the future you can do an analysis to find out when to release or when to hold so that you can predict whether it is in the long or short term. good luck in the future I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
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Had I not closed the long, I would be in several double digit thousands of dollars profit today.
History does not admit the word "if". If you collect all the opportunities that have ever been presented to me in the past and accept that all of them should have ended well, then I would have become a multimillionaire long ago.
But when you trade with leverage, especially large leverage, the odds are against you. Most likely, you will either be knocked out by stop loss, or you will lose your position. This is the truth of life.
Profits and losses are determined from how you can do emotional management and study every mistake you make.
Yes, we need to be updated along with every mistake, we are committing. When we are failing to learn some lesson out of our everyday trading then we may simply continue making mistake which will definitely end up in losing all capital.Experience also determines, the more experience, the more ready to face every problem and never give up in various conditions experienced.
You cannot become an experienced trader when you're failing to learn something from your own trading. You need to be proactive in continuous learning as it is an essential part of becoming professional trader. 
If there is one thing that a trader must accept as fact in the world of trading, and that is the fact that we don't know what the future would bring. No one surely knows that the price of Bitcoin will go up 60,000 dollars. If you have needs at that time and you need to cashout then you will be cashing out your Bitcoins for fiat. Only those who have other means to live must have save their satoshis and be able to have the discipline and the patience to wait for a long time before cashing out now.
That' right. Traders will not 100% sure about their analysis so their still the time that the traders make some mistakes but it's all in the process and must accept the fact that it's not always winning. Learning about the mistakes we made will benefit us in the long run. I don't regret spending all of my bitcoins when the price is still cheap; it helped me when the time I needed money. All I can do now is earn BTC and buy other crypto for the long-term. In trading I always choice on the safe side even it cause me few earnings but all I need is consistence and right timing. 
So I got some bonus from bybit.
I longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
Oops... Too badI longed btc at first with 50x leverage (you do that with 'free' money), but since it was on the rise for last few days, thought it will dip and closed the long, opened short.
Got liquidated soon after.
Had I not closed the long, I would be in several double digit thousands of dollars profit today.
Rip
We have to accept losses, this is the same reason some of my friends I tell about trading leaves. When they hear you're making profit they'll quickly enter the market then exit after experiencing loses and setbacks. To loss is just normal but when it becomes a habit it becomes abnormal. Every trader has his/her strategy in trading, just control your emotions cause it really breaks your heart when you keep losing but the joy from profit too heals.
Rip to the money we lost searching for more
Losing is jut part of being a trader or investor and anyone that says they do not have some regret about a trade or movement they made or did not made is lying, however the real question is if we learned anything from the experience? And there are many investors that learn from those mistakes and become profitable as they reduce the rate and size of their mistakes.
But there are many investors that never learn their lesson and they keep losing over and over again and instead of having just a few stories of this happening to them their entire career as an investor is filled with stories like what we see at the OP.
Those investors who continuously experience losses are those who never learn and cannot develop. They rely solely on emotion and without some increase in knowledge. The sad stories that the OP tells may be only a small part of the sad stories experienced by the novice investor or trader who never learns. Profits and losses are determined from how you can do emotional management and study every mistake you make. Experience also determines, the more experience, the more ready to face every problem and never give up in various conditions experienced.But there are many investors that never learn their lesson and they keep losing over and over again and instead of having just a few stories of this happening to them their entire career as an investor is filled with stories like what we see at the OP.
After all what good can be a strategy if just when you need to implement it you decide not to do so because you lost control of your emotions? So while learning new strategies is a way to improve your ability as a trader we must also look for ways to grow as a person as well since that could be even more critical when we need to take a difficult decision under pressure.
Losing is jut part of being a trader or investor and anyone that says they do not have some regret about a trade or movement they made or did not made is lying, however the real question is if we learned anything from the experience? And there are many investors that learn from those mistakes and become profitable as they reduce the rate and size of their mistakes.
But there are many investors that never learn their lesson and they keep losing over and over again and instead of having just a few stories of this happening to them their entire career as an investor is filled with stories like what we see at the OP.
Those investors who continuously experience losses are those who never learn and cannot develop. They rely solely on emotion and without some increase in knowledge. The sad stories that the OP tells may be only a small part of the sad stories experienced by the novice investor or trader who never learns. Profits and losses are determined from how you can do emotional management and study every mistake you make. Experience also determines, the more experience, the more ready to face every problem and never give up in various conditions experienced. But there are many investors that never learn their lesson and they keep losing over and over again and instead of having just a few stories of this happening to them their entire career as an investor is filled with stories like what we see at the OP.
It's not just you who have such sad stories, even me, and everyone here. We've all been through that
and I think mistakes are an experience to be better at trading and investing. It is not easy in crypto
trading but if you have experience, maybe we can avoid such mistakes not to reoccur.
Losing is jut part of being a trader or investor and anyone that says they do not have some regret about a trade or movement they made or did not made is lying, however the real question is if we learned anything from the experience? And there are many investors that learn from those mistakes and become profitable as they reduce the rate and size of their mistakes.and I think mistakes are an experience to be better at trading and investing. It is not easy in crypto
trading but if you have experience, maybe we can avoid such mistakes not to reoccur.
But there are many investors that never learn their lesson and they keep losing over and over again and instead of having just a few stories of this happening to them their entire career as an investor is filled with stories like what we see at the OP.
Experience is the best teacher and we wont really learn up something if we don't experience those mistakes.It isn't necessary because its always a inevitable thing to happen.
We don't know on what would happen ahead and we don't able to make out decisions based up on our own presumptions sometimes it can neither be right or wrong.
When we do make out presumptions its a 50% chance that it could be right or wrong.
That 's what I always say, especially if you didn't lose money, but lost on profit, that is one of the cheapest lessons you could ever have. Think about it, you earn 10 instead of 50 and you have learned a lesson at the same time. I know that people prefer the money in their hands than a lesson and I get that, it makes sense, who would need a lesson when they could have thousands of dollars in profit.We don't know on what would happen ahead and we don't able to make out decisions based up on our own presumptions sometimes it can neither be right or wrong.
When we do make out presumptions its a 50% chance that it could be right or wrong.
However the reality is that we are doing much better in the long run when we get these type of lessons. Which is why I think it is quite obvious we should be focusing on something that would worth money in the end and not money right now. This might result with you earning 100+ later and 10 now instead of 50 now, and that is the lesson here. But I also do understand people who still get upset anyway, as long as they learn their lesson that means being upset about it still can be understandable.
Well, this has probably happened to every trader who has ever existed. We've all made that mistake of placing a trade against the market. However what made professional traders different from the one who lost so much that they eventually quit trading is that they learnt a lesson from losses like this.
I've come to realise that you'd still repeat that mistake if you didn't learn from it now. What's done is done. Learn from it and move on
I've come to realise that you'd still repeat that mistake if you didn't learn from it now. What's done is done. Learn from it and move on
That is kinda a little sad story and I bet we all do experience such thing for quite sometime. You better get good luck the next time around and hope that you can turn things be favorable to you. We do really need to be certain on things just to be able to know our targets so we will not be missing possible opportunities that is just right in front of us. Maybe it is just not your lucky day but I do hope you can still be able to get the next one. But still certain things have been learned from such experience which you can make use the next time around and will make you a better trader.
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