Panic loss me 10800$ , so patient is the key - page 25.

Glory90

full member

Activity: 392

Merit: 101

Quote from: udayantha11 on June 03, 2018, 12:17:44 AM

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

IMO,patience is the main thing for long-term investors but for day traders, the target is the main thing
are you a daily trader? do you have a target price to sell it? if 0.00004800 ETH is your target price it means you have successfully hit the target and loss of profit is a normal thing, so! make it as motivation to analyze more mature

santino11

full member

Activity: 448

Merit: 103

I have been in this situation before not once but trice.
i never invest money though, i do earn it from bounties.
but time is not good for me as i sold tokens at lower price and got boom after a week!

meldrio1

full member

Activity: 1358

Merit: 100

Yes patient is the key to earn big profit, but you are not losing money, you already earned profit with that altcoin so you still win, but better to hold the coins if you want to earn more.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: bayudndy on June 03, 2018, 02:49:06 AM

I got exprience like that too, i got loss 100% of my coin price in 1 days it was mini heartattack. If i got wait in 24hours i already got my 100% profit. Good project or coin will be good profit.

Always 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 for an target which may not be achieved or the altcoin once fall may not rise and you will end up in a loss in your profit.

Kate Beckett

member

Activity: 280

Merit: 28

Quote from: udayantha11 on June 03, 2018, 12:17:44 AM

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

I also believe that patience and confidence are the key to success. In the world of crypto currency there is no stability and it needs to be accepted. We are constantly confronted with huge price jumps. But as the statistics show, after significant falls usually there comes an incredible growth. Thus, the market is adjusted. I advise everyone to be patient and wait for a new wave of growth.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: udayantha11 on June 03, 2018, 12:17:44 AM

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 the real question here is:
would you have created this same topic if a different scenario which is also the common one happened? for example if after you sold your IOTX @ 0.00004800 ETH price went down to 0.00000100 ETH would have created this topic saying how super lucky you are that you sold your coins and prevented $15,800 loss?

bayudndy

full member

Activity: 824

Merit: 104

PredX - AI-Powered Prediction Market

I got exprience like that too, i got loss 100% of my coin price in 1 days it was mini heartattack. If i got wait in 24hours i already got my 100% profit. Good project or coin will be good profit.

zcooipo

newbie

Activity: 133

Merit: 0

Not such a friend, you already have a profit. Since it was sold. Then you should be satisfied. You can think about the next investment. Should not think of the damage caused by fear. This is a means of protecting funds. Being too greedy is bound to die.

Tosyn2

member

Activity: 566

Merit: 10

Sorry for you loss a great lesson to people that dump coin as soon as the token get to their wallet i don't sell in hast it is not a good thing to get used to next time hodl your valuable coin tightly.

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: udayantha11 on June 03, 2018, 12:17:44 AM

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

Then why did you sell it at .00004800 though? Did you just try your luck on that coin and exiting on time to get a small profit of margin? When we say day trading, it doesn't mean that you are going to sell it the same day, maybe it can last up to 3-5 days to maximized your profits. Anyways, I won't rub it out dude, but I hope that you learn your lessons here a very costly and expensive thing to learn. I also have a good experienced though, the coin was really pumping and I was tempted to sell it, but I hold for just 3 days and it really makes a lot of difference, not as big as your profit but 2 ETH will be a nice profit to make in 3 days.

supermine

hero member

Activity: 826

Merit: 518

Quote from: udayantha11 on June 03, 2018, 12:17:44 AM

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

I don't think you lost your money here,all you did is lost the profits if you can hold it more but you still made profits with your investment.First of all you need to contented with your earnings and don't be too greedy because mostly greed will tend to lose more.But think can be a good lesson for you to hold more but no one knows that when the price will increase or decrease so it will be better to aim small profits.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

you are WRONG about everything.

first of all from your comment it is obvious you are gambling not investing.

secondly you have made 4.3% profit in 1-2 hours and you are complaining about this profit?!!!!!!!!!!!!!!!

third you have to think about it this way:
if you randomly help this coin and instead of going up it went down to 0.00001000 ETH you would have lost A LOT OF money.

and finally you made a huge mistake of not buying back when you saw the rise. in fact when you sold this shitcoin at 0.00004800 you made a solid good decision and you made a solid profit. but then you saw the rise days after that but you did nothing and just stood by instead of jumping on the pump wagon. THAT is where you lose opportunity.

ps. as you are complaining about this random shitcoin, there are at least 6 other shitcoins being pumped today that you are also missing out on making profit there....

Road445

member

Activity: 224

Merit: 11

The Experience Layer of the Decentralized Internet

Most of the time, I face the same problem.
When prices start to plummet, people panic, and the panic spreads in the crowd, and that's a terrible thing.

george_crypto

full member

Activity: 406

Merit: 102

I agree, when I believe I'm in good projects I feel good confident even the market in bloodbath.

udayantha11

member

Activity: 798

Merit: 17

2023 would most likely be as bearish as 2022

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

Topic: Panic loss me 10800$ , so patient is the key - page 25. (Read 3068 times)