I am doomed on trading - page 6. | Bitcointalksearch.org

Ziskinberg

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Quote from: Kong Hey Pakboy on April 30, 2021, 12:26:06 AM

Quote from: Yatsan on April 26, 2021, 06:59:06 PM

It seems like you have got engaged into something that you still do not certainly know about making you get into the situation of getting hopeless because if you do knkw what you were doing, you can be up into something to manage what you have done with.

Considering that OP is still a newbie, I think that he/she did engage in something that is completely unknown to OP. My advice to OP is to stop trading for now and try to practice and learn more about trading, you can read the basics and practice on sites that have a paper trading to experience trading without losing any money.

It was a lesson to learn for her and for everyone who is planning to be in trading that we need to prepare ourselves first.
Most of the traders got overwhelmed because of seeing other traders get a huge profit in trading but they don't bother to ask them what they do. They are simply jumping into a place where it supposed it wasn't the time for them. They are in the hurry because of money but too sad that it only costs them to lose everything just like how OP ends.

Kocret02

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Quote from: chaser15 on April 22, 2021, 08:49:48 AM

If I understand your story correctly, you just placed a buy order right then you didn't mention that you do some selling. I also doubt you will sell at a much lower price as you are on the mission to gain more.

What you have is just a paper loss. What coin did you buy? Just have patience holding it. And remember, trading shouldn't be a source of your income especially if you don't have any source of stable income.

It looks like he is stuck at a low price, maybe he should learn more from the existing case and that can be used as a way for him to use his assets well instead of having to ask for help here.

Kong Hey Pakboy

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Quote from: Yatsan on April 26, 2021, 06:59:06 PM

It seems like you have got engaged into something that you still do not certainly know about making you get into the situation of getting hopeless because if you do knkw what you were doing, you can be up into something to manage what you have done with.

Considering that OP is still a newbie, I think that he/she did engage in something that is completely unknown to OP. My advice to OP is to stop trading for now and try to practice and learn more about trading, you can read the basics and practice on sites that have a paper trading to experience trading without losing any money.

LUCKMCFLY

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Quote from: wxa7115 on April 29, 2021, 03:37:25 PM

Quote from: DigitalFox on April 24, 2021, 12:54:26 AM

Let me get this straight. First, you have no idea at all about crypto and ask questions in the beginners section (which is perfectly fine). Then, you discover Binance and having no idea what you're doing you lose your money. Then all the crying about a promising baby starts.
Solution:
- don't get yourself into something you have no idea about
- Study the subject before you partake it it
- Learn your lesson and move along.

PS
- Trading != "print money" button, same with any investment

As simple as that, I understand that people may get excited when they first find out about the existence of bitcoin, in fact I know that was the case with myself as well, but our common sense needs to take over, even the quickest research about trading indicates it is an activity with less than 10% success rate, and if you are a newbie the success rate is as close as zero as it can be.

This is why the best move that a newbie can make is not to invest in X or Y coin rather the best movement is to begin to ask questions on the forum and read a few books about trading, once you do that you could be ready to invest in bitcoin and after some years have passed altcoins could be on the cards.

What they say is a bit harsh but has all the logic possible, many times people enter the market operating with the best desire to win, but what they do not measure is that they risk their money and the danger is that they can lose everything. Whenever this type of thing happens, the affected person must study and reflect that trading cannot be taken as a game, that trading must be taken seriously because you are risking your money, that 95% of traders lose and that if you have luck and win at the beginning at some point the luck will run out.

For this type of thing it is best to study very well each step you can take, this in a commercial decision, before carrying out any operation it is better to test the strategy by operating with fictitious money to test the plan and learn how to use the platform or exchange well to react in time in case the market goes against it.

wahyu wida

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Quote from: iamsange on April 27, 2021, 04:28:31 AM

Quote from: Alisha-k on April 22, 2021, 07:47:48 AM

After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?

I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.

I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless

Hope you can get money back. Maybe start looking for a job that can allow to bring baby is worth to do than nothing. Since you not mention sell order what i assume is you do future trading which can make us get liquidity without do anything with our orders. For others too, future trading maybe look very easy to get profit but it is only look, behind people's profit there are a lot of works and maybe even they really do hard to get profit so it can't be same for each other people.

feelings of regret are bound to be experienced in times of such situations, but we should not linger in regret. the next action is that we have to determine the steps whether to remain in the world of trading or switch to other fields of work. regret must end

wxa7115

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Quote from: DigitalFox on April 24, 2021, 12:54:26 AM

Let me get this straight. First, you have no idea at all about crypto and ask questions in the beginners section (which is perfectly fine). Then, you discover Binance and having no idea what you're doing you lose your money. Then all the crying about a promising baby starts.
Solution:
- don't get yourself into something you have no idea about
- Study the subject before you partake it it
- Learn your lesson and move along.

PS
- Trading != "print money" button, same with any investment

As simple as that, I understand that people may get excited when they first find out about the existence of bitcoin, in fact I know that was the case with myself as well, but our common sense needs to take over, even the quickest research about trading indicates it is an activity with less than 10% success rate, and if you are a newbie the success rate is as close as zero as it can be.

This is why the best move that a newbie can make is not to invest in X or Y coin rather the best movement is to begin to ask questions on the forum and read a few books about trading, once you do that you could be ready to invest in bitcoin and after some years have passed altcoins could be on the cards.

beerlover

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Quote from: bitgolden on April 27, 2021, 02:40:33 AM

We are having lots of other options to explore ourselves to get familiar among trading environment and trading strategies so we never need to risk with our original capital and real trading environment. For example, demo accounts and fake-money based trading apps are available for this exact purposes.

You're not the first one to suggest about these but unfortunately people are committing their own mistake to learn their own lessons, I guess no one could do anything about that.

Making use of demo accounts for getting familiar with trading strategies and all other basics, is the first stop every trader must need to do, but I'm not seeing any of my friends as well doing that. They are all in rush to make big profits out of crypto trading because they do not want to miss currently available opportunity but usually they are ending up in losing their capital rather than catching up any new profits.

iamsange

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Quote from: Alisha-k on April 22, 2021, 07:47:48 AM

After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?

I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.

I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless

Hope you can get money back. Maybe start looking for a job that can allow to bring baby is worth to do than nothing. Since you not mention sell order what i assume is you do future trading which can make us get liquidity without do anything with our orders. For others too, future trading maybe look very easy to get profit but it is only look, behind people's profit there are a lot of works and maybe even they really do hard to get profit so it can't be same for each other people.

peter0425

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Quote from: Alisha-k on April 22, 2021, 07:47:48 AM

After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?

I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.

I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless

You are doomed from trading and asking Help here but what is the thread you created in gambling?

are you really doomed because of trading or you have just gambled your funds?

Quote from: Alisha-k on April 26, 2021, 02:06:41 PM

I have been here for quite a while studying the gambling thread to understand if there are restrictions to female posters on gambling although I haven't found limitations on the forum so I guess this is inverably giving me the open slot to do my predictions and engage in spots betting as well as casino game discussions without been any form of negative trust.

I so much value my participation on the forum and I dream of utilizing this noble forum to get proper knowledge about the world that revolves around me. I believe this forum is a better avenue to explore every continent as well as the games mostly played in such areas.

Gambling most especially on casino games sych as poker, blackjack, monopoly and a few others where i would love to engage more in getting invloved in interesting thread on this area as well as create interesting thread as well . Hope I'm welcome to the world of open gambling and games discuss

Sorry but i don't think it is appropriate to trade and gamble at the same time because you are only risking all your chances.

bitgolden

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Quote from: Yatsan on April 26, 2021, 06:59:06 PM

It seems like you have got engaged into something that you still do not certainly know about making you get into the situation of getting hopeless because if you do knkw what you were doing, you can be up into something to manage what you have done with.

Yeah, that must be very basic of getting into cryptocurrency trading. We are having lots of other options to explore ourselves to get familiar among trading environment and trading strategies so we never need to risk with our original capital and real trading environment. For example, demo accounts and fake-money based trading apps are available for this exact purposes.

Losses in trading cannot be reverted back so we need to be conscious whether we are doing perfect or not; when you're not having enough confident on what we are doing then it would be better to stop right away rather than struggling later on.

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Quote from: Alisha-k on April 22, 2021, 07:47:48 AM

After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?

I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.

I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless

So you risked your (only?) money that you had on trading and lost everything? You do know the golden rule right? Trade what you can afford to lose. You couldn't afford to lose the $400, then why did you even think about trading it? Think about it as a lesson that you have learned. You paid $400 for it.
Now there is nothing you can do. Move on. Make no such mistakes in the future. Try earning back those $400. Work a little extra till you have earned those losses back.

Yatsan

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It seems like you have got engaged into something that you still do not certainly know about making you get into the situation of getting hopeless because if you do knkw what you were doing, you can be up into something to manage what you have done with. Also, you seems likely to be unfamiliar with Binance app the reason why you were exploring it to get yourself knowledgeable about it. Be mindful of the things you do click even if you do not know it because it is your fault once you mess up.

Julien_Olynpic

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The author of this topic broke many rules at once that beginners must follow. These are well-known rules and it is foolish to ignore them.

1. Trade only with those funds that will not be critical for you to lose.
2. If you have no experience, then do not trade with big money right away. Invest your time first.
3. If the trading results are not very good, then it is better to try hold.
4. Moreover, newbies hold 99% of the time.
5. Have enough fiat in your portfolio in case of averaging.
6. Don't use leverage.

Pokapoka124

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Whether experienced or not, no trader has had only profits.
When making a trading decision in general, give it a minute and check if you're doing it from emotion or logic.
We are human and can be emotional. We all at some point face a loss that might be hard to deal with. This can negatively drive our emotions which often leads to poor decision making.
If you ever find yourself in such a situation; sit back, and critically anlayze what went wrong. Evaluate your mistakes and learn from them instead of acting out.

slaman29

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Quote from: lovesmayfamilis on April 24, 2021, 12:12:33 PM

On April 20, you ask questions about wallets, then completely ridiculous questions about the Binance exchange, and after two days you write about your results.

But don't be surprised by this. Crypto people are a lot like the forex traders you'd find online like 10 years ago. They saw an ad telling them they can make x10 money easily.

They just go online asking random people random questions and have no patience so dive right in.

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Quote from: Kelvinid on April 25, 2021, 09:58:46 AM

Every action and decision must be taken seriously and must have a plan (A/B). OP still new to trading and it was a crazy thing she thinks about putting huge money into a thing that she never works before or, has knowledge about it. What she after is to make her money grow faster but unfortunately, she chooses to trade and everything turns very unlucky.

I feel too much regret from her but it is done already. Too bad but that is how life evolved in trading resulted in a very disgraceful scenario when we are not fully prepared for this. It is a sad story that everyone should be aware of, otherwise, it might also happen to us.

If you only see profits, I think this will lead to losses because he doesn't know the real basis of trading, actually by spending capital is not a problem as long as we can process it in his portfolio even though this must be planned so that his trading becomes more organized and can be rated better.

In regret, there is definitely a risk that must be taken, remember trading can change everything, meaning it evolves from losses and vice versa, therefore whatever is already done with the scenario that has been done, I think I have to take good steps if even capital still remaining can still be managed again in the trade that has been planned.

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Quote from: Zilon on April 25, 2021, 11:05:40 AM

Accept what has happened and move on. If you love to trade then I suggest you get trained. Get the skill and the earning is yours.

I guess all traders do not have any other options except accepting losses and move on to next available opportunity so that we may easily recover the losses and then will try to maximize the capital. Yeah, instead of staying within losses and its frustrations, start looking for new opportunity will help any trader to find their fortune out of crypto trading.

Learning skills will be crucial. To change the profit line of trading, every trader must look into continuous learning opportunities. When are good with skills then we can easily avoid getting doomed time to time. Facing losses is not a big thing in trading but focusing on things for not facing losses will help.

Zilon

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What cryptocurreny pair were you trading and what strategy did you apply. If I got you right you have never traded before and this happened to be your first experience.

Accept what has happened and move on. If you love to trade then I suggest you get trained. Get the skill and the earning is yours.

Kelvinid

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Every action and decision must be taken seriously and must have a plan (A/B). OP still new to trading and it was a crazy thing she thinks about putting huge money into a thing that she never works before or, has knowledge about it. What she after is to make her money grow faster but unfortunately, she chooses to trade and everything turns very unlucky.

I feel too much regret from her but it is done already. Too bad but that is how life evolved in trading resulted in a very disgraceful scenario when we are not fully prepared for this. It is a sad story that everyone should be aware of, otherwise, it might also happen to us.

SacriFries11

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Quote from: Ararbermas on April 23, 2021, 11:01:33 AM

Trading isn't an easy way to multiply money.. It requires a lot of time and efforts in order for us to gain profits after all.. Now look what happened to you wherein after making decisions without any specific information about it. Sorry for your loss because its not refundable.. Maybe this is a kind of leason for you to prevent doing mistakes in the near future. But despite of this i suggest to keep in mind that it just part of our life, don't lose hope

OP should be careful next time, it's hard to lose the only money you have left. One of the golden rule in crypto is that "Invest only what you can afford to lose". It's very important that newbies have sufficient knowledge to about trading. Sometimes newbies are overconfident that they forget about risk management. Sometimes people place the wrong value in order resulting to quickly sell at a small price. That's one of the simple things but if where careless we might lose large amount of our money.

Topic: I am doomed on trading - page 6. (Read 1320 times)