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Topic: How to understand that you are making a mistake? - page 4. (Read 800 times)

sr. member
Activity: 1414
Merit: 259
Undeads.com - P2E Runner Game
My mistake, and it keep happening maybe until now is don't really know when to sell tokens/coins that i get from airdrop or bought. Sometimes, some of friend who holding it said "hold till dust" and mostly the tokens really be dust because we know some project in past is already be dead project. But not all, sometimes they are success and still survived in market until now.
It's almost like a gamble because no one knows what the future of a project will be, so it's better to sell it early than to hold it to dust, and if any of the coins you hold on to it starts to go up in price but you're done with it already selling it, I don't think it will be a big problem because some of the coins you sell can turn into dust and you've already made a profit from it.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.
I had a very similar incidence in the past where I used to trade on the daily Market and was generating good returns while having no knowledge about the charts and market sentiments, but one day my 0.5 btc investment turned to zero just because the coin that I choose was just a pump and dump scheme and the dev dumped all his coins the same day. After that I always invested in the coins having good background and having decent market cap. These days bitcoin and other crypto are rising in value and the same thing is also happening with my portfolio that I have made in these years.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
Ironic, but it's a very common occurrence. Instead of wanting big profits there, it becomes the opposite. I think this is very normal because we humans are based on excessive desires, greedy to be more precise. This is very annoying, knowing the risk it will be over 70% but doing it anyway. Could this be mental damage? hahaha
sr. member
Activity: 624
Merit: 250
When trading is losing, I fail to think that I can't possibly lose all the money as long as I haven't closed a losing position.  I also assume that the price movement will return to normal quickly.  The experience motivated me how to find some very high probability opportunities and how to make the most of them and I developed this ability over a long period of time through various experiences.
member
Activity: 1540
Merit: 22
Investing has its own uniqueness, sometimes many join in buying it without analyzing it first. we also see almost everyday coins/tokens are born with a very large supply. I myself prefer one that has been accredited with both fundamentals and excellent features.
sr. member
Activity: 2338
Merit: 365
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.
the stupidest thing I did was stay in defi even though I know I will keep losing...

I knew at that time I had made a mistake but just persisted. if only I immediately took a short-term profit then I did not lose. Currently I only focus on staking on pancakes and biswap and am no longer interested in other platforms.
hero member
Activity: 1316
Merit: 502
I once made a mistake, when I knew that it was wrong, then I immediately stopped. But the error that had happened to me was not a big mistake that could be detrimental.
That happened in 2019.
It's embarrassing to face a member like you when the mistake that you solved once and for all, that's what it took me so many times to get over and erase and I don't even know how to stop and create deeper ruin on my account because you also know that our basic fear is to lose money, embrace a little hope from the market and then pass up the only stop-loss opportunities. Once the problem was understood by my brain it was time for bankruptcy and another difficult period began.
full member
Activity: 691
Merit: 100
I once made a mistake, when I knew that it was wrong, then I immediately stopped. But the error that had happened to me was not a big mistake that could be detrimental.
That happened in 2019.
jr. member
Activity: 840
Merit: 6
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.
Most meme coins end up in the dumpster but you keep investing because if you do make it you can 1000x overnight. Perhaps balance your risk by buying $NEAR then selling the staking rewards for meme coins.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
I have never had losses on any shit coin because I pull out my funds quite on time. I get a specific profit I need for any project I invest in and once I hit that target I pull out then look for another alt coin I can possibly invest in and once I hit the profit again I just pull out. I guess this may be because of my capital
legendary
Activity: 2436
Merit: 1207
I usually divide things into two parts. When I did something and it was easy for me I ask myself "was it easy to succeed or finish that task". If it was easy, then why it was like that. Because I am a professional or experiences in that field? If the answer is yes, than it is ok. If the answer is no, then there is a possibility that I've made a mistake or I was just lucky. Further on there is a small inner investigation. After that I realize that something was done mistakenly or not.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
We realize making a mistake is by waiting for when we want to sell the coin but that time is not coming, even if we are waiting for more than 1 year. Sometimes, our mistake comes because of our greediness because we see the price can increase so high in the short term but we did not sell it right away and still hope that the price can increase. If that so, I think we all have that experience and we still do that until now Grin

Still the same mistake not only for newbies but also experienced traders,

They are thinking for higher compensation instead of taking what it supposedly on their plans, but because of greed they expect for more increase and at the end of their journey, instead of taking profits, they find themselves losing a lot.

Part of this venture, but it can enhance yourself if you learned from those mistakes and try to not to repeat it over and over.
Yes, that is right. Sometimes, I just think to myself, how it could happen to me because actually, I can prevent that mistake happen to me but that happens many times. It seems, avoiding the mistake really needs us to be careful and we should prevent greed as you say. We need to stick to our plan and not try to break it because that can lead us to make the same mistake.

Improving ourselves is necessary and maybe we need to improve our awareness in trading so we can avoid making the same mistake.
sr. member
Activity: 664
Merit: 253
SmartFi - EARN, LEND & TRADE
when I know that it was a mistake, I have several reactions, depending on the circumstances. I once had the wrong token, and when I realized I immediately sold it and made it coin stable. some other mistakes are, not selling the coin when it reaches its ATH, and not selling when it dumps to the bottom. In fact, I'm currently holding the coin and hoping for a price increase to occur in the near future.
do you invest without an advance plan before you make an asset purchase?
If you don't have a plan, of course, you will easily get swayed by the market situation. or you may be too greedy to wait for a higher price.
because honestly, no one will know the peak of the ATH of an asset. therefore we need to set everything up from scratch.
sr. member
Activity: 1414
Merit: 326
It happened to me that I went to trade and suffered a lot because did not understand the market properly. I made a stop loss after losing a lot of dollars but keep it long term by investing now the risk is low and there is no rush to sell it is possible to achieve your goals by investing in the right currencies like bitcoin and ethereum. You need to understand the situation by analyzing the market before trading on other tokens it would be foolish to make too much profit so you have to sell it in the short term.
full member
Activity: 1526
Merit: 111
Pepemo.vip
once. I often experience this incident when trading. when we have set a work area and then place a target and stop loss, when the analysis doesn't work and breaks in the area that has been set, often I still shift the stop loss, so I experience more losses. or often I set a target, when the price is running profit I can't stand to immediately close the transaction, so the profit can't be maximized. here is psychology and discipline that must be determined
copper member
Activity: 812
Merit: 12
I ❤ ₿itcoin and Ethereum
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

My biggest mistake was being greedy, because when I was able to get a lot of profit and know that the market will definitely make a correction after increase very high (bull run), but what I do is still hold and wait until the price increases even higher, but in fact currently the market is experiencing a correction and that makes me regret it, because if at that time I sold my cryptocurrency and bought back at this time, then of course it is already profitable for me, but because I was greedy, then I didn't do it and finally made me regret not selling my cryptocurrency at a time when the price increase very high (bull run).
full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.
Well I did buy doge which i think pump dump coin, cause i know this is only meme coin i sell my doge at 0.05$ then doge increasing like 10x , Now i know its a mistake to sell it too soon. Patient is the key definetly. But i do think i would never touch doge coin again better buying some project with good project such as axii and UBT which will give you more return.
hero member
Activity: 2954
Merit: 683
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.
You are simply doing gambling as simple as that.!

When you are already aware that you are doing mistakes then why would the hell you would continuing on doing that? Just because you are hoping to get some big profits that make your rich once you do hit the right project?

I cant really blame out that kind of mentality because we've seen people who changed up their lives on investing to shit coins and make out some glorious pumps which did really give out the chance
on making enormous profits.

This is the main reason I do think on why some people do keep doing this.
hero member
Activity: 2072
Merit: 656
PredX - AI-Powered Prediction Market
This condition will really make us big regret it.
And if someone cannot learn from its mistake, it means that he/she must learn more about it.
I personally commonly will feel that I made a mistake after sitting calmly and thinking twice about what I did previously. Sometimes, we will not feel making mistakes in the recent situation, but lately when we're thinking twice again about it.
And we may not be good people, however, learning from any mistake is very precious. It doesn't make us stupid, but it can make us much wiser, smarter, and more careful in the future.
But, if we keep doing it although we have known that it is a mistake, it means that we are going to be stupid.
hero member
Activity: 2884
Merit: 579
Hire Bitcointalk Camp. Manager @ r7promotions.com
Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it.
I did it before but good thing that I've realized that it's not working and I'm just wasting my time and money for it.

Good riddance and I've learned the lesson out of that when I was hyped just as the others a few years ago into unknown altcoins that seems to have the 'potential'. But yeah, potential in losing money and only the first comers ended up with profits.
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