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Topic: What have been some of your biggest losses/mistakes and successes with trading? (Read 557 times)

full member
Activity: 812
Merit: 102
Of course, for all the time I have accumulated a lot of mistakes. I just didn't know how to determine the right time to invest and repeated the transactions to one of my friends, who runs a blog. But I didn't know about many nuances that my friend observed and therefore often lost money. That was my biggest mistake.
jr. member
Activity: 99
Merit: 1
The big mistake that I did happened in 2017 at the time when almost all crypto assets are pumping crazily. There was a week that I made 30k from one altcoin at once and instead of me to sell off, I did not do so and I later lost huge part of the fund. It is really a regretabble experience.
sr. member
Activity: 952
Merit: 251
The biggest mistake when trading is, lack of patience and always in a hurry in determining the buy and sell. And another mistake is not having capital reserves when the price of Bitcoin and Altcoin reaches the lowest price. Reserve funds really need to make a buyback and can get even more profit. Trading must know Fund management and be able to train mentally to be patient and not rush.
My biggest regret with bitcoin was the opportunity to change my life. Many of us earn and get rich because of bitcoin especially trading. But there are also unlucky ones and I'm one of those people. Because if I hadn't sold my hold of shitcoins then I would have earned 20 BTC before. But since I'm just a beginner to crypto and trading I sold it out of fear.
In that case, I would just give one piece of advice. Never ever take any decision in your life out of fear regardless of the domain. Fear brings failure. In order to become successful, you need to get rid of this word. Hesitation and fear are killers of progress and prosperity. There is no need to feel bad for your loss because the market still has a lot to offer. Try to increase your knowledge regarding bitcoin and trading.
K4C
full member
Activity: 448
Merit: 103
$CYBERCASH METAVERSE
I have had many negative stories pertaining cryptocurrency trading but one of the highest I can remember is a time when I sold BNB, a lot of BNB just so I could get into NEO, this was immediately after the bullrun in early 2018, I sold BNB and it started mooning badly, that was the period it hit it's 2018 ATH while the NEO I got into kept dipping and I had to just count my losses and exit at 30% loss, that turned out to be a good decision because if I had kept holding, I would have been at 90% loss now.
sr. member
Activity: 896
Merit: 272
OWNR - Store all crypto in one app.
The biggest mistake when trading is, lack of patience and always in a hurry in determining the buy and sell. And another mistake is not having capital reserves when the price of Bitcoin and Altcoin reaches the lowest price. Reserve funds really need to make a buyback and can get even more profit. Trading must know Fund management and be able to train mentally to be patient and not rush.
I also tend to do the same thing in the past and that is the reason why I'm feeling remorse about it until now because I just lose the opportunity to earn huge profit, it makes me realize that if I just waited patiently then probably I was able to get the benefits that I wanted. Trading is indeed speculative, it takes a lot of your time and effort but you have to understand because it is the only way to earn. Also, making a decision while I am not in a proper mindset. I've to lose some money because I'm not making sure of things, I don't even conduct my own research that is why I ended up losing money or getting scammed.
sr. member
Activity: 2842
Merit: 326
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Any interesting stories to pass the time while we wait for the next boom?

I made a dumb mistakes way back 2017. Well I don't think I had to blame myself by that time. I wasn't yet knowledgeable when it comes to market fluctuations, bull run, and other stuff. What comes into my mind during 2017 is that marker will be all going out and would never stop at 20,000 USD. But after that it was just like a dust, got drop down and as well my btc which I suddenly buy because of the market changes.
I also read many fundamental news then in 2017 during the peak price of bitcoin that bitcoin would reach $50,000 the popular terminology then was HODL having the impression that bitcoin is would continue its bullish trending till the speculated price, I just hodl however the price nosedived thus dumped, out of panic and fear I sold I had learns a lesson.
sr. member
Activity: 896
Merit: 268
★777Coin.com★ Fun BTC Casino!
Any interesting stories to pass the time while we wait for the next boom?

I made a dumb mistakes way back 2017. Well I don't think I had to blame myself by that time. I wasn't yet knowledgeable when it comes to market fluctuations, bull run, and other stuff. What comes into my mind during 2017 is that marker will be all going out and would never stop at 20,000 USD. But after that it was just like a dust, got drop down and as well my btc which I suddenly buy because of the market changes.
sr. member
Activity: 938
Merit: 250
My biggest mistake is that I don't store my password or wallet key properly. at that time I was a beginner and I was very careless not to record or store my wallet password correctly. so then I forgot and couldn't open my wallet. so that it is the same as losing my money. since that incident I always keep my wallet key on the computer and also on paper and flashdish. so if one day my computer has a problem I can still access my wallet from another computer.
member
Activity: 364
Merit: 10
I can remember that I listened to McAfees' twitter advices where he has announced a coin every day, during a week. Slightly after his tweet a coin gained 20-30 percents and went down within seconds, so I lost enough money, to stop doing this  Grin
hero member
Activity: 2884
Merit: 579
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I have top altcoin bags like ETH, BNB, EOS, LTC & XLM. if you say the loss may indeed be yes, but I haven't experienced any real losses, because I still hold Altcoin and haven't sold it.
That's the right definition of losses. As long as you're on held with those coins that you have, you are not yet in losses. But once you have sold them during the bad market days, then guarantee yourself that you've just lost a lot.

I think that everyone's mistake are just the same.

Not selling on end of 2017 and not buying earlier than that.
hero member
Activity: 1273
Merit: 507
The biggest mistake when trading is, lack of patience and always in a hurry in determining the buy and sell. And another mistake is not having capital reserves when the price of Bitcoin and Altcoin reaches the lowest price. Reserve funds really need to make a buyback and can get even more profit. Trading must know Fund management and be able to train mentally to be patient and not rush.
My biggest regret with bitcoin was the opportunity to change my life. Many of us earn and get rich because of bitcoin especially trading. But there are also unlucky ones and I'm one of those people. Because if I hadn't sold my hold of shitcoins then I would have earned 20 BTC before. But since I'm just a beginner to crypto and trading I sold it out of fear.
jr. member
Activity: 286
Merit: 3
https://goldeth.io/
I have top altcoin bags like ETH, BNB, EOS, LTC & XLM. if you say the loss may indeed be yes, but I haven't experienced any real losses, because I still hold Altcoin and haven't sold it. for example ETH is currently $ 187 and I bought $ 195, if my losses are calculated at $ 8. But I'm not too worried about that because I'm sure all of this will be beautiful in time. be patient and wait until the market improves again.
full member
Activity: 954
Merit: 104
ludenaprotocol.io
I started to trade in 2017. At first I bought Bitcoin, but I saw many interesting articles how Ripple and Ethereum will overbeat Bitcoin, so I started to trade XRP and ETH. And there I lost a big potential profit. Because BTC went from 2000USD to 10000USD, while these 2 altcoins were pretty stable...  Roll Eyes From this time I believe only in BTC in long term.
hero member
Activity: 1470
Merit: 655
bag holding altcoins!

i think it is the biggest mistake that all of us have made in the altcoin market and the only difference between people is the degree of which we bag hold and lose money. some people lose a little before they wake up and dump to prevent further losses and some never do and end up losing nearly all their money.
luckily i realized the situation soon enough to prevent catastrophe.
member
Activity: 535
Merit: 33
here we go
The loss that I experienced was following the trading signal channel, I was stuck in FOMO and FUD, I bought at a high price and the price plunged far, is that crazy right? That is a lesson for me. After that I was quite afraid to trade again, and now began to try slowly.
jr. member
Activity: 193
Merit: 3
yes, there is a little story about the loss that I experienced when investing in the MiracleTele project at the time, about $ 250 that I invested in the project but ended up with fraud. I began to learn that not all legitimate projects can guarantee profits, the fact that investment is sometimes not always profitable.
sr. member
Activity: 926
Merit: 256
first while still learning the Trading technique I made quite a lot of mistakes, but after enough experience I was able to reduce losses.

And for the time being since I stopped to trade and focus more on real-world work my ability has diminished, so for those of you who are learning trade you should never stop doing it but for a short break you can do it
hero member
Activity: 2954
Merit: 796
I will just share my happiness when trading, because defeat is saved alone.
my happiness when trading in 2017 bought PRL for $ 0.001 and sold it for $ 0.1.
truly extraordinary achievement in my career doing trading.
unfortunately the oyster (prl) is now dead and the owner left, I feel lucky to have time to sell it.
Biggest regret is not selling those token I earned from bounties those time, being too thrift and not enjoying the fruit of labor or budgeting it, now I learned my lesson to stop loss and be updated in all holdings that I have. Sometimes it's better to focus on few working alts that hold too much, find time still to enjoy our reward.
sr. member
Activity: 1876
Merit: 259
I will just share my happiness when trading, because defeat is saved alone.
my happiness when trading in 2017 bought PRL for $ 0.001 and sold it for $ 0.1.
truly extraordinary achievement in my career doing trading.
unfortunately the oyster (prl) is now dead and the owner left, I feel lucky to have time to sell it.
full member
Activity: 1176
Merit: 104
Biggest losses? I got a lot. Currently, I decided to hold a lowmarketcap coin but it seems like each day I am getting rekt. I am holding XBX. When I am doing trading, that was when IEO at binance is very hot wherein I am jumping to first day of trading for the new coin then getting rekt. My suggestion would be do not jump into a train that is already running.
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