Topic: My trading experience (Read 366 times)

 I have started with 500$ on Binance at the 2nd of Jan. I started with good portfolio..
20% IOTA
20% XVG
20% TRX
20% XLM
20% XRP
After two days my balance reached 850$  
The 3rd day I Saw my balance get lower and lower I got panic.... so I sold all of my assets at 680$ and Invested all of it at TRX when it was Pumping.
The 2nd day I woke up and the TRX was dead with a total balance 430$ so I sold it  

Then after some search on google I have found someond who provide Signals for a Paid subscribtion. I got in.
I made some good money my total assets was 900$.
Then i saw BCD!!!!!! Pumping so fast so I acted like a dump and sold all of my assets and invested in BCD. After 3 hour it got dump. I was freaking out do i sold all of it gor 280$

Then after alot of failur my total assets was 20$

So I left the trading world behind.
After reading about arbitrage. I have been analyzing Cryptopia and Coinexchange markets for arbitrage  so I sent all of my fund to Cryptopia 17$ and started the arbitrage. My first abritrage was a big failur!!! I tried in Fazzcoin.
After sending the transaction I have waited for more than 3 hour and it was 0/25 confirmation!! After searching on google i founded out the the coin is dead   And I have lost all of my money...
Then I bought some Btc at 18 Jan
0.00166 that is the total amount..
And started the arbitrage once again but with a bit more knowledge.
I have turned those 0.00166 btc to 0.013 in less than 10 days   Befor attemping any transaction i must open the explorer and see how it takes to get confirmed "By viewing the recent transaction"..

The most important thing I have learned is don't ever ever get panic and patience is your only friend in trading and don't ever invest in one coin with all of your capital

Mate really sorry for your loss but the main thing is you invested into the wrong coin invest into the bitcoin so that this coin will assure you to give a lot of money in shorter time span and the choice of coin matters a lot and if you really want to cover that loss invest into bitcoin and this will give so much profit in shorter time and you can ask here in forum to anyone he will recommend you bitcoin because it is very effective.

so sad I also lost my money after buying xrp, but after 3 month xrp goes high, so now understand if I hold this mire then 3 month then I will take cover my lose easily,. and I agree with you, don't buy 1 coin buy atleast 4/5 coin if gain.

I love it. It's so normal, we have the same experience when I just started in trading. But I never tried arbitrage method. I just started my trading experience in bittrex and I just bought and bought, but the only thing we are different is I never get panic, I only hold and hold for how many months and after how many months, I just sold my coins in loss. I'm so super sad about that time, but it is okay. Well, you learned your lessons, you should apply that nextime. Good luck mate.

this is a good story for you and I really like it, I hope that we can learn from your experience so we can prevent something bad that might be happening in the future. from the story, I realize that many people are chasing the big profit at the instant way so they use everything they have to get that profit without thinking if this is a good for them or not.

from the list, I see 20% IOTA, 20% XVG, 20% TRX, 20% XLM, 20% XRP is a good percentage that you have and if you have patience for a while, now you can make a big smile because each of coins is increased now and you can sell it for the half amount to get your investment money back to you so you can invest in another coin.

but now, I see that you are learned from your mistake and I really hope that you don't do the same mistake and I hope that you can make a big profit from now on. just be patient for a while and always check the trend and the price before you want to buy or to sell.

Yes you are right mate, you should not be panic if bitcoin price drops, don't worry you can still recover your lost because you know what to do next if bitcoin price goes down again. And thank you very much for the story you shared with us. good luck by the way.

Panicking is one sure way of losing almost all of your money when trading and it's also not a good idea idea to buy a currency just because almost everyone is buying, it's good to do a bit of research before you buy and holding over a long period of time most of the times gives some very good profits in the end.

 I have started with 500$ on Binance at the 2nd of Jan. I started with good portfolio..
20% IOTA
20% XVG
20% TRX
20% XLM
20% XRP
After two days my balance reached 850$  
The 3rd day I Saw my balance get lower and lower I got panic.... so I sold all of my assets at 680$ and Invested all of it at TRX when it was Pumping.
The 2nd day I woke up and the TRX was dead with a total balance 430$ so I sold it  

Then after some search on google I have found someond who provide Signals for a Paid subscribtion. I got in.
I made some good money my total assets was 900$.
Then i saw BCD!!!!!! Pumping so fast so I acted like a dump and sold all of my assets and invested in BCD. After 3 hour it got dump. I was freaking out do i sold all of it gor 280$

Then after alot of failur my total assets was 20$

So I left the trading world behind.
After reading about arbitrage. I have been analyzing Cryptopia and Coinexchange markets for arbitrage  so I sent all of my fund to Cryptopia 17$ and started the arbitrage. My first abritrage was a big failur!!! I tried in Fazzcoin.
After sending the transaction I have waited for more than 3 hour and it was 0/25 confirmation!! After searching on google i founded out the the coin is dead   And I have lost all of my money...
Then I bought some Btc at 18 Jan
0.00166 that is the total amount..
And started the arbitrage once again but with a bit more knowledge.
I have turned those 0.00166 btc to 0.013 in less than 10 days   Befor attemping any transaction i must open the explorer and see how it takes to get confirmed "By viewing the recent transaction"..

The most important thing I have learned is don't ever ever get panic and patience is your only friend in trading and don't ever invest in one coin with all of your capital

 I have started with 500$ on Binance at the 2nd of Jan. I started with good portfolio..
20% IOTA
20% XVG
20% TRX
20% XLM
20% XRP
After two days my balance reached 850$  
The 3rd day I Saw my balance get lower and lower I got panic.... so I sold all of my assets at 680$ and Invested all of it at TRX when it was Pumping.
The 2nd day I woke up and the TRX was dead with a total balance 430$ so I sold it  

Then after some search on google I have found someond who provide Signals for a Paid subscribtion. I got in.
I made some good money my total assets was 900$.
Then i saw BCD!!!!!! Pumping so fast so I acted like a dump and sold all of my assets and invested in BCD. After 3 hour it got dump. I was freaking out do i sold all of it gor 280$

Then after alot of failur my total assets was 20$

So I left the trading world behind.
After reading about arbitrage. I have been analyzing Cryptopia and Coinexchange markets for arbitrage  so I sent all of my fund to Cryptopia 17$ and started the arbitrage. My first abritrage was a big failur!!! I tried in Fazzcoin.
After sending the transaction I have waited for more than 3 hour and it was 0/25 confirmation!! After searching on google i founded out the the coin is dead   And I have lost all of my money...
Then I bought some Btc at 18 Jan
0.00166 that is the total amount..
And started the arbitrage once again but with a bit more knowledge.
I have turned those 0.00166 btc to 0.013 in less than 10 days   Befor attemping any transaction i must open the explorer and see how it takes to get confirmed "By viewing the recent transaction"..

The most important thing I have learned is don't ever ever get panic and patience is your only friend in trading and don't ever invest in one coin with all of your capital

Well, to be honest, you were not trading like a trader you were just gambling and nothing else. Actually, your trading experience shows that you were not trading like a professional trader which you were supposed to do and I also noted that when you bought all your coins at the starting by investing $500 in binance you were not having a good trade plan and there was no proper reason to buy and sell the Crypto coins you were buying because of pump and dump in prices which were not important at that point of trading.


For best in the trading field you need these 5 things to be added in your check list, as all these five things are pillars of success here in the trading.
1) Solid Trading Strategy
2) Trade Plan
3) Money Management Skills
4) Reasons for Entries and exits.
5) Journal

 I have started with 500$ on Binance at the 2nd of Jan. I started with good portfolio..
20% IOTA
20% XVG
20% TRX
20% XLM
20% XRP
After two days my balance reached 850$  
The 3rd day I Saw my balance get lower and lower I got panic.... so I sold all of my assets at 680$ and Invested all of it at TRX when it was Pumping.
The 2nd day I woke up and the TRX was dead with a total balance 430$ so I sold it  

Then after some search on google I have found someond who provide Signals for a Paid subscribtion. I got in.
I made some good money my total assets was 900$.
Then i saw BCD!!!!!! Pumping so fast so I acted like a dump and sold all of my assets and invested in BCD. After 3 hour it got dump. I was freaking out do i sold all of it gor 280$

Then after alot of failur my total assets was 20$

So I left the trading world behind.
After reading about arbitrage. I have been analyzing Cryptopia and Coinexchange markets for arbitrage  so I sent all of my fund to Cryptopia 17$ and started the arbitrage. My first abritrage was a big failur!!! I tried in Fazzcoin.
After sending the transaction I have waited for more than 3 hour and it was 0/25 confirmation!! After searching on google i founded out the the coin is dead   And I have lost all of my money...
Then I bought some Btc at 18 Jan
0.00166 that is the total amount..
And started the arbitrage once again but with a bit more knowledge.
I have turned those 0.00166 btc to 0.013 in less than 10 days   Befor attemping any transaction i must open the explorer and see how it takes to get confirmed "By viewing the recent transaction"..

The most important thing I have learned is don't ever ever get panic and patience is your only friend in trading and don't ever invest in one coin with all of your capital

Good story, thanks for sharing your experience. I think everyone new in crypto comes through something similar: you lost you first money on trading trying to get rich fast then you realize this  just dont work like that.

Good experience, thanks for sharing. That very true, before buy any coin should be thinking twice and use technical analysis to know the price on bearish or bullish trend and important to put the money in to minimum 3 different coin to minimize the risk.  And most important thing learn how to manage your emotion and dont be greedy. Also use stop loss in every trade.

Nice story to share. That's the risk in Trading if you use your Emotion you'll probably lose everything. @OP I suggest not to stop the trading since you have learnt something you'd be more cautious.

I am not an expert in trading, I am just a part time trader that trades when I have extra BTC and trade for a short period of time but let me quote a part of your post to let you see your mistake.



You chase the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin. Learn to use the tools available out there like RSI.

Don't put all your money in 1 basket, distribute your money so if one fails to give you profits, other coins may help your recover.

The most important thing I have learned is don't ever ever get panic and patience is your only friend in trading and don't ever invest in one coin with all of your capital

Invested all of it at TRX when it was Pumping.

Then i saw BCD!!!!!! Pumping so fast so I acted like a dump and sold all of my assets and invested in BCD.