Topic: Trading sucks, I'll just hold my coins - page 43. (Read 25900 times)
I guess you have used much leverage and attempted margin trading, which is cause of that big loss in short time.Even for he expert day traders it is not easy to trade the market with leverage.So as newbies it is always better to avoid this type of trading and first start learning Money management, that is key here.
I am not an expert trader but i guess you could have just hold it anyway than selling it. If you choose to sell then actually that's the time you will eventually lose, but in holding case well there is still slight or maybe a big chance for you to cope up. You can make this also as an experience so just keep them with you.
It sounds like you didn't research, you never traded before but you saw the hype and wanted some easy money. A smarter idea is find good projects, invest some money and sit on it for 10 years. If it's really good other people will take notice too and it'll go up and up in price.
that's the problem but lesson learned coming out from that mistake and beginning that day traders must need to know what should be the necessaryalternatives if things is not going to your way never ever make a move that you don't have any plan b.
Trading is not for everyone, but one can make himself successful through continued study about the market and investing small amount to experience the real factors that happen during the process of trading. Majority of the users who say trading sucks is all because of their misunderstanding that trading is simple and can earn big in a short.
Hold probably the best option for inexperienced trader, but you must learn trading too, with small number to avoid big lost. However, expert is experienced noobs, losing is unavoidable. This is just about power of will, strategy, patience and learning from every action and mistake
I know you can trade. But, I think there is a part in trading that you have not understood. Ie "not too lustful" to look for big profits. Well, if you think the money is of great value to you, why do not you hold your lust in trading? Learn from experience Others who have lost a lot of money because of "too lust" in trading.
Agreed
Well you lost the money because you weren't patient enough or you invested in a really shitty coin. You need to be smart about investments and also have a lots of patients. For a newbie, its better to just trade the high market cap coins, because those are reliable options.
I know you can trade. But, I think there is a part in trading that you have not understood. Ie "not too lustful" to look for big profits. Well, if you think the money is of great value to you, why do not you hold your lust in trading? Learn from experience Others who have lost a lot of money because of "too lust" in trading.
Trading is not for everyone. Its easy to say "Buy Low, Sell High" but its actually easier said than done. if you are a first time trader then it is likely that you will commit mistakes and even those who are into crypto trading for quite sometime now still commits mistakes, so dont blame yourself. Get some more patience and have fun trading.
It sounds like you didn't research, you never traded before but you saw the hype and wanted some easy money. A smarter idea is find good projects, invest some money and sit on it for 10 years. If it's really good other people will take notice too and it'll go up and up in price.
Your first couple hundred trades are you just learning what's what. You just got invaluable experience and chances are you now know a bit more re what to do and what not to do. Best bit of advice from me is TSE = TimeShiftsEverything, just because something is going down, don't panic sell, chances are this is what you/most noobs do. Hyper trading and selling once you're downtrending each time. Try doing things the other way around next time. Get in on coins that are on a low not a high and climbing, and just wait it out (or only assign a % of your port so you're not stuck with one bag losing value quickly).
I had to lose a lot too in oder to learn from my mistakes and now I do very well with daytrading, having VERY short trade sets, mid-term-holds, and longs. If you swing trade with your whole pot, you're bound to get too greedy and bust.
I had to lose a lot too in oder to learn from my mistakes and now I do very well with daytrading, having VERY short trade sets, mid-term-holds, and longs. If you swing trade with your whole pot, you're bound to get too greedy and bust.
Well it is too late to give you any advise. At least you have understood your mistakes (the biggest one was to start trading) and you on't do it anymore. Now just try not to buy any shitcoins (100% sure that cryptoinvestment is not yours), do not store your BTC online and other simple rules.
Exactly it will serves as a lesson to you and that is also good because now you know on what you must and musnt do. Always be careful so that youll regret it in the end. 
Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Sad to hear that pal. Actually i do have the same experience as yours when i was still a newbie but i didnt give up directly even though i lost big amounts because i know that this thing could able to make me profits for long term. Self study and experience would really mold you up as a better trader later on and this is just a common mistakes of a newbie. Buy low sell high its just really the fundamental or basics of trading and as you said its quiet damn hard. I would like to know on what coin you did invest? I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
You can just charge it to experience and maybe try to learn from it. Crypto trading is never an easy thing despite what others are claiming. Not only must you require patience and a goos understanding of what you are getting into, but the risks will always be there especially for the alt coins that only serve as pump and dump instruments. I was also into a bit of trad8ng before but since I found out that I can't devote too much in it, I just decided to hold my coins and let it appreciate in value over time.
Trading is never an easy thing. They say just buy low and sell high but the question is when can you say that it is the low and it is the high. Yes there are technical analysis to speculate that it's the right time to buy or to sell and it does work but not all the time especially in crypto trading when you think that it is the support or resistance already but it continues to go up having new lows and new highs because of the pump and dump thing. The safe way is just to hold your coins since the trend is increasing though there are fluctuations during the day the important thing is it is going up at the end of the day and all of us are hoping that it continues.
Yes, it can be very tempting to start trading when you read all these posts about buying low and selling high and how money is raining from the sky. I love when they offer that like it's sage advice, like it's simple. But pay attention... 99% of the time that advice is offered it's commentary on past events. It's easy to look back and say I should have sold on June 11th when BTC was $2950 and again it's easy to say I should have bought June 15th when BTC was $2000. Of course it's easy to know that afterwards. Lastly, never trade anything of value that you're not comfortable loosing.
Hey man don't give up. In trading you have to be patient and wait for the right timing. If your timing doesn't work the I suggest you study and read more about what trading is all about. I'm also doing trading but not with bitcoin. The one I use is a win win situation weather it goes up or it goes down, you can win by predicting if it does go up or if it goes down. And the best part was they give you $10,000 dollars for a trial though it is not withdraw-able of course. Hope this help for your trading path. Also, I suggest if your up to one more time in your trading that sell and buy at the PEAK and then wait patiently.
Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
Very honest, humble piece of lesson learned, that requires self reflexion, honesty and bravery in a sense. Thanks for sharing. It's refreshing to read something so simply our of the heart and with not other intent that maybe save a few -or many- but making them a little bit more cautious. Thanks OP. Read the other posters advise, especially, don't hold everything in empty promises coins, avoid youtube "instruction", and if you want to, you don't need to give up. Just play with "play" coins for example HitBTC has a play mechanism and is very friendly. It doesn't matter if you WIN or LOSE money there. It only matter if you can UNDERSTAND what happened and why one thing goes up and another down, to the point where the movements are a consequence of something that's much more understandable. But this is more like a hobby. Since it may not even be fun to 99% of all, the best is to save for a house an rent it. It has worked like for millennia and will continue to hold true in the future.
Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
I think most people who get into trading thinking they will earn a lot find that they earn more from just holding. I have heard stories like yours a million times, the only way to earn money in trading is for others to lose which means you have to be better than professionals to do it successfully. When the price rises on the other hand everyone wins because more people are entering the market.
You can just charge it to experience and maybe try to learn from it. Crypto trading is never an easy thing despite what others are claiming. Not only must you require patience and a goos understanding of what you are getting into, but the risks will always be there especially for the alt coins that only serve as pump and dump instruments. I was also into a bit of trad8ng before but since I found out that I can't devote too much in it, I just decided to hold my coins and let it appreciate in value over time.
i wish you good luck and maybe bitcoin will rise to 300,000$ or some and youll be rich and quit the 300$ job.
Bitcoin is definitely hitting that 6-figure in dollars. You just have to wait for a few years and it will come. I hope you bro will earn what you deserve. Cryptocurrencies trading is not for everyone I guess.
i wish you good luck and maybe bitcoin will rise to 300,000$ or some and youll be rich and quit the 300$ job.
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