My first experience was Zero profit 1000% loss - page 2.

Dheo

full member

Activity: 386

Merit: 100

Quote from: Karmakid on June 13, 2018, 12:40:39 PM

Quote from: deonyx on June 13, 2018, 07:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

That's the reason why knowledge about trading and investing is what we should really have upon entering cryptocurrency. Sometimes, due to high or low prices, we can't control our emotions and we do panic buying or panic selling. We should know the basics of crypto first so that we'll know how to deal with the changes here.

What ever we do we should have knowledge about everything we want to enter especially in crypto because if you didn't know how to deal with your emotion when the price are low I'm sure that you easily lose your money.

matthewoz101

jr. member

Activity: 308

Merit: 2

When did you start trading and with what kind of coins?

Anyone could have made nice returns back in December with pretty much every coin. Did you invest in a shit coin or something?

Also, how do you lose 1000% Huh

What??? You can only lose 100%. You can't lose after 100% because you've lost it all.

Karmakid

sr. member

Activity: 742

Merit: 397

Quote from: deonyx on June 13, 2018, 07:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

That's the reason why knowledge about trading and investing is what we should really have upon entering cryptocurrency. Sometimes, due to high or low prices, we can't control our emotions and we do panic buying or panic selling. We should know the basics of crypto first so that we'll know how to deal with the changes here.

deonyx

jr. member

Activity: 122

Merit: 2

Quote from: wantjokull on June 13, 2018, 09:02:35 AM

Quote from: deonyx on June 13, 2018, 07:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

Im still confused about your decision. When you stated that you lost 1000% and then you decided to close it, at this point I started to believe that you might be leaving the crypto currencies and never looking back. But next sentence if yours was frightening! Literally! You are going to continue the crypto's, if thats the case then why you even sold anything? You could have just waited enough so that you could have given some oxygen for crypto currencies to breath and thus get your ROI back on track! Come on man, how hard was it? The patience is the key here and you must learn that from your biggest loss of all time!

I get you clearly man, and I'm sorry if I confused you a bit, I actually called it a loss the moment I closed the trade in loss, I wish I didn't but I couldn't help it, I guess I broke some of the rules, especially rule number #1...don't invest any money that you are not willing to lose, as simple as that may sound ironically it is the best truth ever in cryptocurrency trading, the idea will guide you or even prevent you from losing 1% of your portfolio but if you break it the repercussion is almost unbearable. I'm gonna make another thread to narrate part of my experiences, I'm sure it will help someone.

Thank you guys for your encouragement, I'm getting stronger and better

gentlemand

legendary

Activity: 2590

Merit: 3014

Welt Am Draht

How did trading ever get accepted as a legitimate option for clueless newcomers? I've never, ever seen it suggested for stock markets and they're vastly more sedate and predictable.

Even the best traders can throw away all their gains in an instant. It's pure gambling.

wantjokull

sr. member

Activity: 700

Merit: 275

Quote from: deonyx on June 13, 2018, 07:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

Im still confused about your decision. When you stated that you lost 1000% and then you decided to close it, at this point I started to believe that you might be leaving the crypto currencies and never looking back. But next sentence if yours was frightening! Literally! You are going to continue the crypto's, if thats the case then why you even sold anything? You could have just waited enough so that you could have given some oxygen for crypto currencies to breath and thus get your ROI back on track! Come on man, how hard was it? The patience is the key here and you must learn that from your biggest loss of all time!

Tankdestroyer

full member

Activity: 476

Merit: 107

Quote from: deonyx on June 13, 2018, 07:38:57 AM

I hope to get better in my quest, it hurts though but I'll be fine some day

Don't worry mate you will surely get better in trading as you learn new lessons every day and you will someday reach the point wherein you make good decisions most of the time and profits from your trades. Just always remember that something that is not yet sold, despite a dump is not a loss because it might go up again anytime in the future. Also, remember to not lose sleep because of thinking about the money you lost and will lose in your future trades since there are always risks involved when trading.

pey

sr. member

Activity: 546

Merit: 251

Free Crypto in Stake.com Telegram t.me/StakeCasino

Everyone in this market can easily make 1000% loss even though they are good trader or holder if you just hold them that may be 1000% profit in a couple of years.

Yokonaumiyaki000

member

Activity: 308

Merit: 11

Quote from: adzino on June 13, 2018, 07:29:40 AM

Quote from: deonyx on June 13, 2018, 07:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

This was your mistake. You should have done some researches and try to gain some knowledge prior to investing your precious money. The forum would have helped you a lot. But at least you learned something from your mistake which is actually a good thing. And yeah, don't give up. Try avoiding all the mistakes you have done the first time and you will be good to go.

1000% profit loss but 1000% knowledge gain.

don't be afraid to lose and stumble sometimes, you just gotta try and try and try until you succeed. You'll eventually go on you big break and as you pass through t, you'd remember your struggles and falls along the way and thank God you didn't stop trying.

koicrypto225

newbie

Activity: 14

Merit: 0

Quote from: deonyx on June 13, 2018, 07:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

Yeah, it has happened and the good thing is you have learned and still determined to continue what has been started. What's important is to carry the lesson along the way. It may be repeated from to time to time; hence, it is truly needed to be skeptical and open-minded always.

deonyx

jr. member

Activity: 122

Merit: 2

Quote from: davis196 on June 13, 2018, 07:48:00 AM

So what was your trading strategy?What was your portfolio?
Perhaps the biggest mistake that you ever made is that you sold all your coins and exit the market with a big loss.A good trader never sells when the prices are going down,he just waits for the bullish trend.
Now you can start all over,but with a lesson learned.

I know all that about a good trader, that was why I stated that I wasn't frustrated with the constant downtrend of the market, and closing all at loss was a situation beyond my control which was part of the biggest lesson learned, I guess I wasn't close to being a good trader at all.

davis196

hero member

Activity: 3094

Merit: 929

So what was your trading strategy?What was your portfolio?
Perhaps the biggest mistake that you ever made is that you sold all your coins and exit the market with a big loss.A good trader never sells when the prices are going down,he just waits for the bullish trend.
Now you can start all over,but with a lesson learned.

deonyx

jr. member

Activity: 122

Merit: 2

Quote from: adzino on June 13, 2018, 07:29:40 AM

Quote from: deonyx on June 13, 2018, 07:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

This was your mistake. You should have done some researches and try to gain some knowledge prior to investing your precious money. The forum would have helped you a lot. But at least you learned something from your mistake which is actually a good thing. And yeah, don't give up. Try avoiding all the mistakes you have done the first time and you will be good to go.

Thanks adzino, I hope to get better in my quest, it hurts though but I'll be fine some day

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: deonyx on June 13, 2018, 07:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

This was your mistake. You should have done some researches and try to gain some knowledge prior to investing your precious money. The forum would have helped you a lot. But at least you learned something from your mistake which is actually a good thing. And yeah, don't give up. Try avoiding all the mistakes you have done the first time and you will be good to go.

deonyx

jr. member

Activity: 122

Merit: 2

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

Topic: My first experience was Zero profit 1000% loss - page 2. (Read 244 times)