Topic: My story so far - page 3. (Read 1851 times)

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.

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.

Yes! I agree with you...
Trading cannot be considered as a regular source of Income instead we can use certain percentage of our other sources income on trading to gain some profits.

To OP:
I think its not the problem with you, most of us here also experience similar. Like in my case I sold my NEO(ANS before) when it $10 but now it is one of the best performing coins out there.

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.

the most important thing in trading is that you have to have a reserve fund to handle the losses you experience when the price of a coin falls.
Remembered my friend said "do not put all your money to invest in altcoin and bitcoin".

In trading (they call it day trading here), there is always that possibility that we get trapped...meaning that the value of the coin currently is lower when we got them hence to liquidate the coin we have to accept some loss. It happened to me before and that is why I temporarily stopped doing it in Bittrex as I need to gather more ideas from well-known traders before making any moves again.

TX for SHAring! U must hate it when u sometimes calculate back how much u could v had! But we must look forward. One thing to adress to urself: Do you believe (which does mean ur not sure, knowing is, granted, thus when u see goin it down ur believe starts to get crushed into fear) in the coin? Does it has substantial quality and competent team behind it? I think these are main indicators together with the graph.
If thats the case, buy and hold no matter what! Ur gambling on it basicly. So if it goes to 0, u just say TOO BAD! NEXT! Thus, better not to put all egs in one basket. And then dont look, ooh what if i invested everything in THAT one! No, thats not what u do. WHAT IF U have had invested everything in a  loser?? Spreading in these times is actually alomst a guaranteed winner.. I mean what will that portion be worth in 2 years?
I just read that guy became multimillionaire by just letting sit 5700 Monero?? or NEo it was, dont remember, for a couple years.
What if Bitcoin will be worth 20.000 What u think the other coins are gonna be worth potentially? THE SAME VALUE BITCOIN has today!


 

The more we share these kinda things the better we can shake it of and become stronger. Because its just (very) hard sometimes. This game aint for pussies. We wander in the future allready. Thats not easy... and can take quite a toll. We are litterally the stronghold in the future of crypto currency compared to the mass who doesnt!

Well, as long as bitcoin still rising guys 

Hello in 2015 i bought 1300 DarkCoin now it rename like Dash for 0.8$ each after sometime i sell it for 3$ each . in the beggin my plan was to hold for years but after some time i see the price increased and after start to decrease the panic take me and i sell everything now look at the price of dash do you know how i fell ? not good , but we still here and have good chance to make good profit in some years if you take the right coins
if you want look at ARK WAVES LISK and the deeponion in 1-2 years can hit easy 30+ $
verge also very good project can increase after some time to 0.1$ or even 0.2$
https://coinmarketcap.com/currencies/verge/
https://coinmarketcap.com/currencies/zencash/
https://coinmarketcap.com/currencies/deeponion/
https://coinmarketcap.com/currencies/pivx/

Yes, saw ark as well. Wanted to. Gonna do. Others im not to sure about. Indeed neo.... PERHAPS!

Civic, yes.

I invested some in piecoin. Is goin up slightly. I saw it was getting interest on youtube. Who knows its gonna be used as a social coin. U can send that coin between friends and such.  Sounds like a great idea. Yes i bought into it for $60, but i really mean it. I dont like shilling really. Its in between 3-4 cents now. And was 0.027 couple days ago. Probably cause of the news they had. But perhaps a sleeping coin?

Anyway, im invested in bitconnect as well now for a couple hundred.... whats it gonna be? Pretty risky, but not to sure whether scam or not. I dont feel it, since Satish is know. His ass would be ff'd..

Then i rebought 55 Lisk at around $6 on average.

Tx guys.

Yes, that was my plan anyway, but its fun  Soon i will make a pick and just leave m there. Weather they go down or up.

Most cryptocoins need patience to take profit so daytrading on cryptocurrencies is not a good idea for my opinion. Just take time and study on coimarketcap. Grab a few currencies and have a look what they did over a year. Most went up and multiplied their worth.

It just goes to show that you shouldn't blindly follow people just because they say something. How do you know if they weren't even credible at all? Even if they were, why did you buy in the first place? If it's a good project it'll catch on. If it's not it's fairly obvious.

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.
 

I would rather do on making short or active trades than on playing gambling because on trading you can somehow assume that you can able to make money on the thing you are doing. Active trades is somehow risky compared on holding but you would really enjoy it for sure if you know already the fundamentals and basics on doing it but it wont really be an easy thing to be learned because it would takes time for you to learn those things.

I think day trading is kinda fun when you already knew when or what price would you ride, and as you have said rinse and repeat. Before though I am also a day trader, or some may say it as a swing trader, or some would prefer to say its just hit and run style, but for me, I am aiming for profits, this sounds funny because its like a game, but lesser risk than gambling and still too risky.

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.

Nice share experience of day trading strategy, you are right strategy of day trading doesn't mean will be suitable for all of traders because however we must check our positions of trading on the exchangers if we use day trading and it will takes our time every days to do it, it will not be good for the people who doesn't have much time, so actually there are no best or bad strategy of trading everything depend on the style of trading from all of peoples.

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.