Topic: This is the thread where traders admit to making a net loss. - page 2. (Read 2253 times)
I lost 0.3 BTC day trading (yes I have a small position). But it was enough for me to quit doing it.
It's impossible for me to take a loss because I've withdrawn the principle. I recommend any new trader do this as soon as possible - withdraw your principal. Then you will be much more confident in your trades.
can you clarify wtf that means?
Concerning the topic tho - bought some goxcoins @0.2 :-D
I just lost $666.67893978 (and fees on top of that) on Bitifinex getting squeezed out my short by that fucking damn 3K whale on Stamp causing panic buying pushing Bitcoin up above resistance levels. He is most likely operating on Bitfinex also where there is a similarly sized ball of capital pushing the bidding up. I also joined in the momentum long buying so I hope his plans aren't to take a big dump on Bitcoin later on.
This loss however takes a big dent out of my recent profits. Very annoyed by it.
So I am at a net loss for this week (starting today Monday 3rd March), and indeed for the whole month of March so far.
This loss however takes a big dent out of my recent profits. Very annoyed by it.
So I am at a net loss for this week (starting today Monday 3rd March), and indeed for the whole month of March so far.
Jesus Christ, that seems like a good omen.
I just lost $666.67893978 (and fees on top of that) on Bitifinex getting squeezed out my short by that fucking damn 3K whale on Stamp causing panic buying pushing Bitcoin up above resistance levels. He is most likely operating on Bitfinex also where there is a similarly sized ball of capital pushing the bidding up. I also joined in the momentum long buying so I hope his plans aren't to take a big dump on Bitcoin later on.
This loss however takes a big dent out of my recent profits. Very annoyed by it.
So I am at a net loss for this week (starting today Monday 3rd March), and indeed for the whole month of March so far.
This loss however takes a big dent out of my recent profits. Very annoyed by it.
So I am at a net loss for this week (starting today Monday 3rd March), and indeed for the whole month of March so far.
I bought a fuck ton* of hashrate from that one site that I won't name, so that I could mine some FLAP. Man, I felt like a god for a bit because I was dominating the hashrate. Anyways, that coin hasn't amounted to shit yet.
Hopefully one day I can come back to this thread and say "oh fuck no, I got bundles of money from trading this alt/shit-coin" but until then, I will say I am at a net loss.
*a fuck ton = 220MH/s
Hopefully one day I can come back to this thread and say "oh fuck no, I got bundles of money from trading this alt/shit-coin" but until then, I will say I am at a net loss.
*a fuck ton = 220MH/s
Gee, I'm not sure, let me log into my Bitcoinica account and see how those old positions are doing.
I've lost $2500 in trading in the last 3months.
My havelock investments are a net loss in Bitcoin terms.
It's impossible for me to take a loss because I've withdrawn the principle. I recommend any new trader do this as soon as possible - withdraw your principal. Then you will be much more confident in your trades.
Few will take the time to learn what they are doing wrong and fix it.
I have made a big return on trading Bitcoins and alt coins in the past four months, however, it has nothing to do with how much I know about trading.
It is simply luck that I got in at 300 and have rolled the dice on some alts that have gone through the roof.
Ok, but luck alone won't give consistent gains over the long term. I wasn't really talking about TA, but more specific errors that a trader makes. Some follow the wrong analysis. Some are too emotional and/or impulsive which leads to many small mistakes, and ultimately, losses.
every trader takes a loss, the question is did the trader take enough profit off the table to cover the loss.
I have lost on trades but thanks to btcoins fabulous rise in value I don't think its ever possible for me to be in the negative due to cryptos.
I have lost on trades but thanks to btcoins fabulous rise in value I don't think its ever possible for me to be in the negative due to cryptos.
+1
Drawdown is a fact of daytrading. The trick is to manage the risk during times of indecision, and having a plan to get on the right side for the trends.
every trader takes a loss, the question is did the trader take enough profit off the table to cover the loss.
I have lost on trades but thanks to btcoins fabulous rise in value I don't think its ever possible for me to be in the negative due to cryptos.
I have lost on trades but thanks to btcoins fabulous rise in value I don't think its ever possible for me to be in the negative due to cryptos.
Few will take the time to learn what they are doing wrong and fix it.
I have made a big return on trading Bitcoins and alt coins in the past four months, however, it has nothing to do with how much I know about trading.
It is simply luck that I got in at 300 and have rolled the dice on some alts that have gone through the roof.
I'm still ahead nicely in the last year, but down since late-Dec and I usually recover faster.
Im down 50% in Earthcoin and 75% in Cashcoin
Although overall I'm still up in altcoin trading.
Although overall I'm still up in altcoin trading.
I have a net loss...of fucks given! 
Those who have a net loss from trading won't be around long enough to post. They will lose it all or pull out when they realize they can't trade. Few will take the time to learn what they are doing wrong and fix it.
Those who have a net loss from trading won't be around long enough to post. They will lose it all or pull out when they realize they can't trade. Few will take the time to learn what they are doing wrong and fix it.
My little 20 coin protoshares stake went down 60% overnight just recently... no idea what my bitshares will be worth.
net loss generally or specific trades?
If second, I closed some altcoin trades in last 2 days where I lost at least 15 BTC
If second, I closed some altcoin trades in last 2 days where I lost at least 15 BTC
I expect it to be rather empty.
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