Topic: Panic loss me 10800$ , so patient is the key - page 12. (Read 3068 times)
I fully agree. It is always better to wait and see. Our emotions is one of the main problem for us. We need to learn how not to pay attention to them.
Dear Members
Recently I faced a bad luck. here the story
I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH. Then after one or two hour i sold it to @ .00004800.
After 3 days means June 1st , one IOTX went to .00014ETH.
if i sell June 1st 196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$
so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you
But you could not know that in 3 days the price will grow so much. She could also fall 3 times. Recently I faced a bad luck. here the story
I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH. Then after one or two hour i sold it to @ .00004800.
After 3 days means June 1st , one IOTX went to .00014ETH.
if i sell June 1st 196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$
so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you
Dear Members
Recently I faced a bad luck. here the story
I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH. Then after one or two hour i sold it to @ .00004800.
After 3 days means June 1st , one IOTX went to .00014ETH.
if i sell June 1st 196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$
so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you
Recently I faced a bad luck. here the story
I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH. Then after one or two hour i sold it to @ .00004800.
After 3 days means June 1st , one IOTX went to .00014ETH.
if i sell June 1st 196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$
so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you
I think you should be grateful with the profit you get if you as a day trader. You will see that the IOTX price is now down. Unlike the case if you are an investor, then you will not seek profit for a moment but more to long term 3 to 10 years ahead.
Dear Members
Recently I faced a bad luck. here the story
I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH. Then after one or two hour i sold it to @ .00004800.
After 3 days means June 1st , one IOTX went to .00014ETH.
if i sell June 1st 196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$
so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you
If you panic, you will really lost your profits. In crypto there's no assurance when it is going up and down. Profits don't come in a matter of seconds it will take time for your investment to receive good amount of profits. Wait a li'l bit more while studying the flow of crypto in the market before you sell your coins. Recently I faced a bad luck. here the story
I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH. Then after one or two hour i sold it to @ .00004800.
After 3 days means June 1st , one IOTX went to .00014ETH.
if i sell June 1st 196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$
so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you
Patience is the name of the game. This crypto industry is awesome if you know how to play it. It is going to be the biggest industry soon and will make billionaires on daily basis but at the same time it make people go bankrupt if they don't show patience. Its not hard but its not easy either.
It looks like you have made one of the most classic crypto mistakes. We all went through that one way or another, in my case my "loss" has been much much more, but I would not call those "losses". These are just missed occasions, and this will happen again and again in crypto. Holding is the key, but only sometimes. I've also "lost" a lot of money holding a coin too much.
Don't be upset, who hasn't regretted this market and missed a good chance. The time of cryptocurrency is erratic, and it is difficult to determine whether the currency you own will depreciate greatly due to contractual flaws. You don't know when the currency you hold suddenly spikes.
That you hold investments to invest them and monitor the breaking-in and the fall of bitcoins. It's because the market for which you need to fight.
Yes, it happens, trading without risk does not happen, you need to learn from your mistakes, make more reasonable decisions.
I have both panic sold and fomoed into a buy so either one is a bad decision. We need to be patient and stick to our entry and exit points for whatever we are playing in, long or short term trades. We must not run with the panic or fomo sentiment of the market but only invest in projects that if we have to bag hold for a very long time, we are confident enough in holding it long term without pushing our panic buttons. I hope we all learn from the harsh lessons that have befallen us during this ugly bear market.
Be patient and be smart as well. When you making so huge profit in a day and if your target which you had set breaks through then do sell rather than always keep waiting because of greed.
I too have experienced such a thing. Indeed if you're still unfamiliar with the circumstances that there is necessarily a panic will be the biggest enemy. but to be able to anticipate at least can learn from experience and more patient to hold so can get big results.
You cant use hindsight when trading though.
patience is the most important psychological aspect in trading on the exchange crypt or other assets. you can not panic. But experience comes and panic goes away
I cannot count the number of times that I have heard people talk about this. Before you invest you should always understand that waiting is part of investing in cryptos. You have to make sure that you are willing to be patient. I am sorry that you lost so much money,hopefully this serves as a lesson to others that if they are not patient then there is no way that they would be making money.
As Benjamin Graham says "Holding assets for a few hours at a time -- is one of the best weapons ever invented for committing financial suicide."
You should always research everything you invest in. Through research, determine what an asset's market cap can realistically reach in the future and be patient. Keep in mind that a long-term investor is the ONLY kind of investor there is. Someone who is impatient and can't hold assets for a long period of time will eventually become a victim.
You should always research everything you invest in. Through research, determine what an asset's market cap can realistically reach in the future and be patient. Keep in mind that a long-term investor is the ONLY kind of investor there is. Someone who is impatient and can't hold assets for a long period of time will eventually become a victim.
This is not lost. You have profit small but profit.
No one do not know whats happen in 3 days, you can lost really 10k.
No one do not know whats happen in 3 days, you can lost really 10k.
and if you still cannot manage your emotion, you cannot make a profit at all because emotion is take the important part of the trading. sometimes, we can see the price is up to high and we want bigger profit and it makes us still hold the coins. but in the next few hours, the situations change because the price suddenly drops and you cannot make any profit and even you are getting the loss. having patience is the key in the trading and you need to have this if you want to be a successful trader.
Many people focus too much on the technical aspect of trading and while that is without a doubt important very few books talk about the management of your emotions, and if you are incapable of doing that then it does not matter what strategy you use you will lose your money to the market.I think reading a book about management of your emotions will better to know how to control your emotion and the best thing that we can do is keep practice to control the emotion. still, controlling the emotion is the one things that really difficult and it needs a time before we can easily to stay calm. maybe one of the ways to control the emotion is by leaving the market for a while and don't think about the trading and come back to the market if we are not in high tension.
if you have too much patience with some projects you can lose everything though. Don't let the patience blind you, sometimes it is good to sell early than to regret your decision later. The fact is that you always need to follow the market in order to make a smart decision.
This is what many investors tend to forget, everybody keep saying hodl, be patient but forgetting that all these are mere hopes and there is no guarantee that the coin will go up. They are a lot of coins that are have been below their ICO price with no sign of them ever reaching the ICO price not to talk of getting higher than that. hero member
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and if you still cannot manage your emotion, you cannot make a profit at all because emotion is take the important part of the trading. sometimes, we can see the price is up to high and we want bigger profit and it makes us still hold the coins. but in the next few hours, the situations change because the price suddenly drops and you cannot make any profit and even you are getting the loss. having patience is the key in the trading and you need to have this if you want to be a successful trader.
Many people focus too much on the technical aspect of trading and while that is without a doubt important very few books talk about the management of your emotions, and if you are incapable of doing that then it does not matter what strategy you use you will lose your money to the market.I think reading a book about management of your emotions will better to know how to control your emotion and the best thing that we can do is keep practice to control the emotion. still, controlling the emotion is the one things that really difficult and it needs a time before we can easily to stay calm. maybe one of the ways to control the emotion is by leaving the market for a while and don't think about the trading and come back to the market if we are not in high tension.
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