Trading is like planting a tree, you cannot expect a fruit from a newly planted tree. How about investing from a good coin, and get back on it after few months?
I started in Forex (Whaleclub, Simplefx), then I lose a lot of money. Stay away from Margin trading. Start to learn the basic of chart reading, it can help you when to jump in or when to exit.
Topic: My story so far - page 2. (Read 1851 times)
i also see that there are also many people here that DONT GIVE a FUCK about crypto, they are only in it for the money.
This is so true. Those damn Facebook groups. They're calling certain coins "dead" just because the price crashed or hasn't moved in a month. So infuriating. I've read alot of posts about Sia being dead. Anyway, hey. Keep your head up. You've lost money, but you're lucky enough to lose money early into your journey, rather than losing after months into your investing journey, as you'd lose most likely alot more money. Atleast you know better now! Just remember not to just get swayed too quickly by some Reddit post. Always remember that there are always gonna be shillers, some wanting to crash the price and some wanting to get more people to invest so the price rises. Remember, you're investing. Not daytrading. Dips shouldn't affect you much if you look at the big picture.
Not really. The reason why they're doing this, like spreading fake news about coins being dead, is because they have a lot of money to stack up when the coin dips. Some.of these are probably those we call whales that can manipulate the movement of certain coins
It's part of trading brother. It happens with the best of us and I have been there too. It was during the beginning days of my trading when I made many mistakes similar to yours. I bought coins and then FUD made me sell my coins. I was a complete idiot those days thinking that the coin won't recover back but just as i sold the coins the price started to increase. I have quiet a few experiences which made me believe that coins do recover at some point of time and its just a matter of time. The only thing to do until then is HOLD.
i hope you can take this as your lesson in trading and with this experience you can learn from your mistake and you will grow up and doing better in other time. we all have bad experience in trading especially if we are new and we don't have any experience. but trust me, with all bad experience that you've got, you will be stronger than before, you can do better and you can make your own profit. we all here is trying to chance from the bad experience into the good one and if we don't give up, we will meet in the top of success and we can reach our goal.
i also see that there are also many people here that DONT GIVE a FUCK about crypto, they are only in it for the money.
This is so true. Those damn Facebook groups. They're calling certain coins "dead" just because the price crashed or hasn't moved in a month. So infuriating. I've read alot of posts about Sia being dead. Anyway, hey. Keep your head up. You've lost money, but you're lucky enough to lose money early into your journey, rather than losing after months into your investing journey, as you'd lose most likely alot more money. Atleast you know better now! Just remember not to just get swayed too quickly by some Reddit post. Always remember that there are always gonna be shillers, some wanting to crash the price and some wanting to get more people to invest so the price rises. Remember, you're investing. Not daytrading. Dips shouldn't affect you much if you look at the big picture.
When I was new to trading I were on your shoes, but in time you will learn. Experience is the best teacher.
here are some things that i have learned. Always have a trading plan; are you investing in long term, day trading, scalping. if you are in long term do not sit in front of your computer and pressing the refresh button every 5 minutes it will just mess with your emotion. Have a target price for gain and loss. Do not buy on the peak (i know it is hard to do when we really do not know where would be the peak). Buy on pull backs since we are still bullish most likely the price will recover in a few days or months. Do not panic sell we will only lose money when you click the sell button. Do not be greedy always follow your target price.
here are some things that i have learned. Always have a trading plan; are you investing in long term, day trading, scalping. if you are in long term do not sit in front of your computer and pressing the refresh button every 5 minutes it will just mess with your emotion. Have a target price for gain and loss. Do not buy on the peak (i know it is hard to do when we really do not know where would be the peak). Buy on pull backs since we are still bullish most likely the price will recover in a few days or months. Do not panic sell we will only lose money when you click the sell button. Do not be greedy always follow your target price.
Face it as an expensive lesson, don't ever forget it.
Here are some rules you always gave to follow:
Never chase a pump.
Never buy a top.
Buy the bottom.
No fear.
No regret.
Here are some rules you always gave to follow:
Never chase a pump.
Never buy a top.
Buy the bottom.
No fear.
No regret.
As i wrote in PM you need to be patient when you make a choice and wait!
Listen to me:
1) Split you investment betwen a lot of asset including crypto, stock, bond anc cash
2) For each investment fix an "ending time": a date (1 day, 1 month, 1 year, etc) when you think so sell
3) For each investment fix a stop loss
Keep kalm and good luck
Listen to me:
1) Split you investment betwen a lot of asset including crypto, stock, bond anc cash
2) For each investment fix an "ending time": a date (1 day, 1 month, 1 year, etc) when you think so sell
3) For each investment fix a stop loss
Keep kalm and good luck
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I still think you made the right decision.
i think so to...
Appreciate the replies, people.
yes. And yesterday i got stuck in greed again. EMBERCOIN. I was like, this isnt gonna work. And now im stuck with a couple million useless coins!
PANIC! Omg, omg. WTF have i done now again! I cant believe myself. Wtf am i doing.
Then this morning i finally realised. Greed is the absolute worst advisor. Even if u succeed, it wont satisfy a GOD DAMN THING. Nothing will change when u have a lot of money that listened to the voice of greed. NOTHING, in fact things will turn for the worse. Greed i believe is formed by being denied expressing desires and passions when little. Restricted by parents. We think, or some, that money can set us free. This is not the case. We have to free ourselves from greed, that is when we are free and have oppurtunties to make money without overvalueing it.
I sold that embercoin for around $100 loss. Which i think is a cheap lesson. Once again youtube pushers do this. U get paid in coins with socalled staking! Its a worthless piece of shit coin i realised. BUT THE only thing why i bought, first act think later cause money. Orang oetang monkey style. Im done with greed! I still want to make money, but sensible and in a nice way. I miss out on something? SO WHAT!! It wasnt meant to be! And thats that. And with that attitude i think u can pick ur picks that are, in a way, meant for u! U cannot get all all all all, me me me me me. Youtubers show loads of money, me to me to me to want that. Why not me, whyyy. Some of these youtubers have no ethics. Ethics are more worth then money... thats why im gonna by myself some ether today.
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3. Keep in mind that: we need to respect and love our crypto currencies. We're here not just for money!
yes. And yesterday i got stuck in greed again. EMBERCOIN. I was like, this isnt gonna work. And now im stuck with a couple million useless coins!
PANIC! Omg, omg. WTF have i done now again! I cant believe myself. Wtf am i doing.
Then this morning i finally realised. Greed is the absolute worst advisor. Even if u succeed, it wont satisfy a GOD DAMN THING. Nothing will change when u have a lot of money that listened to the voice of greed. NOTHING, in fact things will turn for the worse. Greed i believe is formed by being denied expressing desires and passions when little. Restricted by parents. We think, or some, that money can set us free. This is not the case. We have to free ourselves from greed, that is when we are free and have oppurtunties to make money without overvalueing it.
I sold that embercoin for around $100 loss. Which i think is a cheap lesson. Once again youtube pushers do this. U get paid in coins with socalled staking! Its a worthless piece of shit coin i realised. BUT THE only thing why i bought, first act think later cause money. Orang oetang monkey style. Im done with greed! I still want to make money, but sensible and in a nice way. I miss out on something? SO WHAT!! It wasnt meant to be! And thats that. And with that attitude i think u can pick ur picks that are, in a way, meant for u! U cannot get all all all all, me me me me me. Youtubers show loads of money, me to me to me to want that. Why not me, whyyy. Some of these youtubers have no ethics. Ethics are more worth then money... thats why im gonna by myself some ether today.
in trading, our minds will be chaotic due to price pressures.
my advice:
- don't use your main funds for trading.
- keep control of yourself when buying, and do not buy when the price has gone up 100% + (in a few days)
my advice:
- don't use your main funds for trading.
- keep control of yourself when buying, and do not buy when the price has gone up 100% + (in a few days)
I still think you made the right decision. The worst part of it is that it really drops and there'd be zero profit for you and more losses. Nobody could really predict this coins behavior so a profit made by buying low and selling high for me is still a win.
The story sound familiar to me, and I think you need to learn how to trade first and especially the chapter called "risk management". When you start to build a portfolio correctly, the chance of getting stuck in one place will be reduced.
I'll give you an advice because I've been in your shoes not once but twice. If you're investing in long term, then don't read those forums just open your preferred exchanges and look at the prices, if you're aware that a dump is going to be executed soon then dump your coins other than that HOLD. I mean it HOLD.
I'm also been there many times in the past. But as I evolved, a realized that day trader it not that simple. So I totally quit sold all my coins and just concentrate on a couple which I hold now for longer time. Difference is, eventhough I open forums, read articles or saw FUD coming from afar. I'm somewhat 'immune' to them. In fact, I just laugh when I read a lot of them in the forum. I guess I made the right moved then to dump those coins and concentrate for just a couple of them. So I'm a holder now, but not a bag holder because I can't really afford to buy. I just try to get just what my money can afford and just hold on it. And besides, I have a offline business that I managed so I don't have enough time to really check the price and do trading as well.
To OP, I just do hope that you remain positive and that you learn from your lessons. Its a long journey so just take it easy and use your better judgement what coins to gonna invest. Losing is just part of the game, its just how to cope with that, everybody don't like to lose, but its how you recover from it. Goodluck.
i also see that there are also many people here that DONT GIVE a FUCK about crypto, they are only in it for the money.
This is so true. Those damn Facebook groups. They're calling certain coins "dead" just because the price crashed or hasn't moved in a month. So infuriating. I've read alot of posts about Sia being dead. Anyway, hey. Keep your head up. You've lost money, but you're lucky enough to lose money early into your journey, rather than losing after months into your investing journey, as you'd lose most likely alot more money. Atleast you know better now! Just remember not to just get swayed too quickly by some Reddit post. Always remember that there are always gonna be shillers, some wanting to crash the price and some wanting to get more people to invest so the price rises. Remember, you're investing. Not daytrading. Dips shouldn't affect you much if you look at the big picture.
I think the best solution would be:
1. To quit all groups related to trading except one(just to stay sharp) and join Devs group instead.
2. Study our market with devs
3. Keep in mind that: we need to respect and love our crypto currencies. We're here not just for money!
Tx again guys.
Ive been and am in chess. Winning in poker and good chess player (for amateur) so yes i experienced some panic, but as someone else also mentioned more adrenaline and fear of losing (which isnt panic i think)
Now im like, its gonna be ok cause of previous background i can deal pretty fast pretty good with it i think. At least thats how it goes now so.
Ive been and am in chess. Winning in poker and good chess player (for amateur) so yes i experienced some panic, but as someone else also mentioned more adrenaline and fear of losing (which isnt panic i think)
Now im like, its gonna be ok cause of previous background i can deal pretty fast pretty good with it i think. At least thats how it goes now so.
Your story sounds familiar, I guess many of us went through this. As times goes by, you will be able to control your emotion in trading and won’t let your emotion take over you. Good luck.
I agree with you, because surely a lot of people who do trading here just jump directly into the world of trading, and it will make us easy to panic. But with some experience and maybe some failures then we will be able to control our emotions and not easily panicYour story sounds familiar, I guess many of us went through this. As times goes by, you will be able to control your emotion in trading and won’t let your emotion take over you. Good luck.
I agree with you, because surely a lot of people who do trading here just jump directly into the world of trading, and it will make us easy to panic. But with some experience and maybe some failures then we will be able to control our emotions and not easily panic What I am doing now is trade my BTC with the current pumping coins. Now the current pumping ones are XMR , DASH and LSK (you mentioned it as shitcoin). I just ride my BTC there and waiting for the next moon. Rinse and repeat.
Are you crazy? Seriously you are trading your bitcoins for these kiddo coins. These coins no matter how hard pump, they can’t produce profits like bitcoins. You should consider yourself lucky if you are holding bitcoins because many are working hard to won biotins. Bitcoins are not meant to be traded for these little altcoins. You are acting like kiddo here. What's wrong with the trading of altcoins? That is the only thing which will make your bitcoin multiply if traded with proper cautions. The list which he made is completely all right, XMR, DASH, LISK all are best to trade in the current market. Just few weeks ago xmr pumped all the way upto %50 more than the initial investment. Any altcoin can be beneficial at any time, people have gotten huge pumps and worked their way through big profits.
Still difficult to control emotions, sometimes when I emotions not the profit that I get but the loss, but still I will slalu learn from the experience that I have passed before.
The hardest thing is to control the emotions, it's easy to enter with an interesting mentality to make money, because it is so. However, trading should be seen with cold eyes and counting. Do not let the ups get you excited, or down make you depressed. People with a loser mentality trade with emotions. When the coins fall, start buying slowly.Jump to: