I am doomed on trading - page 7. | Bitcointalksearch.org

xianbits

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

Alisha-k, I would like to warn you that all your messages can be easily read in the message history. By some unknown incident, I often come across your posts and forgive me, I do not see any logic at all in your actions.
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.
I don’t know how sincere you are, but if you decide to become a trader in two days, then you should not blame anyone for your failures. I will not write about the fact that you cannot get rich in a year in cryptocurrency, let alone the fact that without experience, the loss of your money will be obvious.
You have written many posts about how you like to read and study everything, but your rush has played a cruel joke on you from experience.
I'm sorry, but I don't feel sorry for you.

That was too honest dude, but I believe she has to hear it too. If that's really the case, the lesson here is, our will or urge should not overpower knowledge or education. In her case, she has a lot of will but not enough knowledge. We must think that our will could be our driving force to learn and be wiser in what we do.

lovesmayfamilis

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✿♥‿♥✿

Alisha-k, I would like to warn you that all your messages can be easily read in the message history. By some unknown incident, I often come across your posts and forgive me, I do not see any logic at all in your actions.
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.
I don’t know how sincere you are, but if you decide to become a trader in two days, then you should not blame anyone for your failures. I will not write about the fact that you cannot get rich in a year in cryptocurrency, let alone the fact that without experience, the loss of your money will be obvious.
You have written many posts about how you like to read and study everything, but your rush has played a cruel joke on you from experience.
I'm sorry, but I don't feel sorry for you.

Dilerium90

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Many novice traders enter the market without any risk management system and without a long-term strategy. This is normal. But they are bound to lose money. This is the price for knowledge. Without good risk management and strategy, you won't last long in the market.

MCobian

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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

This is a lesson for you, don't trade using all the money you have. Moreover, you do not have good trading experience and knowledge. I am sorry
for the situation you are in, especially if you are a single mother who has to feed your child. I recommend that while for the cost of meals,
can ask for help from family or neighbors. And don't make trading for your job, find a job that matches your skills in the real world. If you already
get a job with a fixed salary, you can set aside some of your money to learn and start trading again.

ice18

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I'm curios what happened to your order? Did you use leverage trading? If yes then I assume you lost all your money based on your story since this kind of trading is too risky If you are not skilled enough spot trading is more advisable than leverage yeah you can gain fast and huge and you can also lose really fast just a blink of your eyes your hard earned money will be lost its just like a gamble, my advise is to search for a job for now and if you have enough funds you can go trading again but learn and practice first.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

It is not just one person, it is i not just group of people, it is a whole bunch of people in tens of thousands that fail in trading, including me. Some people are both unlucky and do not have the patience to just day trade all day every day, it is both very hard to learn how to do that and study to become better, but also even if you are great at it, the job itself is not as cool as portrayed in Hollywood movies.

You do not just open up 5 monitors every day, all looking at different charts and make trades all day sipping coffee, that is what you look like from outside but the reality you are dealing with thousands of dollars at minimum, some do it with millions of dollars, you could be up 200k+ one day or down 200k+ that day, having the balls to sit through those and making right decisions even after those things require a lot of expertise and a lot of emotionlessness.

slaman29

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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

I think people really need to screw their heads on straight. It's not a legitimate way to multiply money, so easy or hard doesn't really even do it justice. It's a risk, extremely high and higher still for crypto. Most people will end up treating it like gambling, in which case you could even be better off gambling!

DigitalFox

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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

Hypnosis00

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Quote from: cyriljundos on April 23, 2021, 10:40:05 PM

Losses are just normal to traders, not all the time you wre gaining,there are times that your investment will get low as you go by trading, learning in your losses is just normal for us traders, sometimes we are frustrated about wrong coin choices and we tend to lose hope but just kwwp pushing in trading and be wise in buying alt coin pairs.

But sometimes it never makes sense pushing ourselves to a thing that we are not fit into coz it is just like we are throwing our money so easy. If feel disappointed and frustrated in trading the more it becomes worse and we ends losing everything we have. It is neither to choose another opportunity rather that staying to trading that seems are not meant for us. We better have a clear understanding towards ourselves and trading in order not to hurt ourselves in the end.

MURONDI

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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

my advice is not to trade if you are not ready for the risk, you need to know, many people who lose money in crypto trading, those who think will not use the main money to trade, Tranding is not something easy, study it first and only use your pocket money so you don't regret it in case of a loss.

cyriljundos

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Losses are just normal to traders, not all the time you wre gaining,there are times that your investment will get low as you go by trading, learning in your losses is just normal for us traders, sometimes we are frustrated about wrong coin choices and we tend to lose hope but just kwwp pushing in trading and be wise in buying alt coin pairs.

martina14

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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

In the first place I feel sorry about your sad experienced in doing trade here in cryptocurrency. Second, you shouldn't be desperate if you encounter lose in your trading. Third, I am pretty sure that you are not the only one who is jobless we are many actually all over the world now because of the pandemic. And don't be hopeless too because there is always hope, if there's a problem surely there is a solutions waiting for us with this thing.

isaac_clarke22

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

~

I feel bad for you actually, but why did you decided on the first place to buy coin in Binance if you are the one carrying the your family's finance in the first place.

You should probably sell that already to your local currency, OP. Market is going crazy right now.

gabbie2010

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You should have started trading with the amount of money you can afford to lose, personally I started trading with Binance app using $100 only just for a test so as to get use to all their features while navigating all their interfaces and learn it uses and I tried all kind of strategies for trading trials although some losses was incurred while I also profited before settling with one strategy, in a nutshell It took me several days to understand how to trade eg spot, margin (close Margin and isolated margin) I also expect the OP to do same.

wxa7115

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Bitcoin is GOD

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

As others have put it begging is forbidden in the forum, with that out of the way you made too many mistakes and when that happens there is nothing to do but to accept them, to begin with it seems to me you bought something that you do not really understand and that is a capital sin, second you decided that you were going to become a trader and feed your child that way, there is only one problem with that more than 95% of traders lose everything they had in just a year.

Why do you think you are going to be different than them when the majority knows more about this market and trading in general than you do? We need to use our common sense otherwise this is going to keep happening to you.

Ararbermas

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Activity: 2016

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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

Ridwan Fauzi

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Seem like you are not alone, there will be many people who will fall to the same thing as yours. Even, this situation will always happen when bitcoin price touch new all time high. Yeah, take a look with the previous year or 2017 ago when bitcoin price touched $20.000 there were many new comers who didn't know bitcoin or didn't know how investing/trading work obtrude themselve to do that and eventually lossing their money.

Also, the information is true that now trading is more popular than social media. A lot of people are trying to find another income and choose trading as a way whilst trading is a hard way to be made as an income. You need at least five years to feel how trading can be said as a source income. The knowledge about trading is really complex, you need to force to learn a lot of trading strategy and practice it. So, if you serious to be a trader then you must learn a lot about trading strategy until you have your trading system that can give you profit consistent.

lixer

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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.

Really, I don’t know what’s wrong with people Huh

did you do your research first before considering to become a trader and trading cryptocurrency? Before doing anything always make sure that you do proper research to be sure of what you’re getting yourself into. Haven’t you heard that trading is a risky business to do, or do you think it is all about making profit?

One advice I give to newbie traders is that they should never get into trading if they don’t have a good stable means of income, because you’re running the risk of losing the little you have and being left with nothing.

goldade

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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

Well, there's really nothing anyone can do about that. Nothing can be done to reverse what has happened. You're just like everyone else that rush into trading hoping to make a quick fortune out of it only to realise it's not as easy as it seems.
Trading isn't something one can dabble into. It takes quite a lot of learning and understanding how the market works. Only if you have the necessary knowledge needed for trading would you be able trade successfully and make profits. Until then, you'd only be trading at a loss.
Well, you've learnt your lesson even though it's the hard way. Move on and do the needful

Questat

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Quote from: goaldigger on April 23, 2021, 06:10:31 AM

Trading without knowledge is risky and you'll lose money, that's what happen to the money of OP.
You''re not doomed in trading, you just forget to study before you make trade but if you do your part analyzing the chart, then you can be good in trading. Beside, don't depend too much on trading for your daily expenses because you can't make money always in trading most of the traders are losing money almost everyday, so better to look for other source of income and before you trade again, start learning first.

Learning is an investment and it is a vital thing to acquire before we got into the decision to start trading. But it looks like OP skip to it.
It is either she blames herself or the Binance app but it has done already. We can never get back and ask for a 2nd chance. And as OP losses such huge capital and have no other resources, I feel bad that she might not able to continue in trading.

But anyway, I also suggest her to stop doing this until she prepared enough.

Topic: I am doomed on trading - page 7. (Read 1320 times)