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Topic: What have been your crypto trading experience - page 3. (Read 1060 times)

hero member
Activity: 1036
Merit: 933
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Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?

If you ask me the experience of my trading, I will say that never trade on emotion and always learn from your mistakes what you have done your previous trade. If you don't follow this main topics then you will never be able to a successful trader. Even then there are many traders who don't have control on their emotions and repeat the previous mistakes , and in the end they lose everything. And one most important thing keep in mind that , And trade as much as you can afford to lose.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?
Losing my funds only in a short time when trading in the Future market. That was exactly one of the most valuable experiences that I must take lessons. The lesson is that we are not supposed to follow other people to trade n the future market if we are not ready if we still don't understand how to do technical analysis.  This is too risky, mate.
Additionally, being too greedy is also an experience because I want to get higher and higher profits. Butin fact the price keeps down and I must sel it precisely when the price keeps dropping

Well it is considerable that the losses when one learns or knows why they occurred, one learns much more than the profits themselves, when a person wins in trading sometimes they do not even analyze why they win, when they lose some people look for the reason why , and when they get it, they have learned, and having that learning becomes an advantage that they will have because they will not make that mistake anymore, I think that trading always teaches as long as you have enough awareness to realize that it can be done when you analyze every detail with a magnifying glass, this reduces the probability of losing in the future.
full member
Activity: 728
Merit: 117
Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?
Losing my funds only in a short time when trading in the Future market. That was exactly one of the most valuable experiences that I must take lessons. The lesson is that we are not supposed to follow other people to trade n the future market if we are not ready if we still don't understand how to do technical analysis.  This is too risky, mate.
Additionally, being too greedy is also an experience because I want to get higher and higher profits. Butin fact the price keeps down and I must sel it precisely when the price keeps dropping
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
The valuable experience in my cryptocurrency trading so far is that there is always another chance because crypto is still very early.
We can have that conclusion that the crypto market is still really early at all. But people would say that they're already too late as the prices were quite high already.

So, there is probably a lot of pump and dump to come
This will never stop. The pump and dump for every crypto will happen no matter how new or old the project is, there's no one that can stop it because it's assigned to happen.
member
Activity: 1165
Merit: 78
Throughout my time in cryptocurrency trading, I have learned to take the little profit I have for the main time and prepare for another one. This is because greed pinged me down as I was holding some coins, I had profit already, but I was waiting for more than twice the profit, then the crypto market went bearish while I was unable to sell off. Since then, I've made it a point to capture any profit I can to prevent losing my entire investment.
Taking profit is never a bad decision but you understand the market plays a big role in your making profit. Lets use this current market for example, there's no way you'll make use of the short form of trading and never expect yourself to make loss.
Lets agreed, greed pinged you down but is it a must you sell at lost price?
member
Activity: 742
Merit: 30
Throughout my time in cryptocurrency trading, I have learned to take the little profit I have for the main time and prepare for another one. This is because greed pinged me down as I was holding some coins, I had profit already, but I was waiting for more than twice the profit, then the crypto market went bearish while I was unable to sell off. Since then, I've made it a point to capture any profit I can to prevent losing my entire investment.
hero member
Activity: 2926
Merit: 640
Traders are supposed to treat currencies as tools and not something to get attached to. But this differs on the basis of long term or short/mid term. While coins kept for long term purpose will be there for sometime and one may get too attached to them, those in short or mid term have to dealt with quickly and decisively.

In reality what most newbies end up doing is buying or selling at the wrong time and not just make the mistake of getting attached. This is more true when coming to altcoins. Every trader should know that any altcoin needs to be traded quickly as soon as profits are seen and as soon as they break even on ROI.
I would guess that long term ones get attached even less than short term ones if you ask me. The reason for this is that if you are after short term profits that means you need to know everything about a project and make as much profit as you could from it, whereas if you are in the long term part of it then you do not have to do any of it and you could end up making a profit based on just ignoring it for the longest time.

If I get bitcoin and hold it for 10 years, I do not have to look at it at all, just come back once a month maybe and check it and that's fine. You can't do that with short term, you have to be on top of the situation at all times.
hero member
Activity: 826
Merit: 583
It is very common to express our regrets because we lose but this becomes an eye-opening for us and those who come as these mistakes make us knows to differentiate what is right and what is wrong, and importantly, we know and accept our mistakes.

Putting money into trading is really risky but apparently, we can manage the risk by simply being careful and choosing the right coins to trade.
I'd learn how to listen to others' ideas and become an open-minded person as this will help us to find a way to become better. We don't need to pretend that we are good at trading, yet, we continue learning as we keep on trading.
because it is when we try and make trades that we will get the real experience. a meaningful lesson that will make us more careful in determining the assets we choose. and that ability grows not only by reading. that ability will belong to every trader when they dare to take the risk to start their trading experience.
nothing is easy and instant. all will definitely need a process to become a professional in a certain field.
full member
Activity: 854
Merit: 130
I just adopt the formats of buy low and sell high this have helped me over the years to make good use of every market phase, crypto currency is a highly volatile commodity and at that it price is subject to change at interval.

Just like what we witnessing is the market the entire crypto market is down and even Bitcoin that is the major player in the market is down against the United States dollars.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
The valuable experience in my cryptocurrency trading so far is that there is always another chance because crypto is still very early. So, there is probably a lot of pump and dump to come
As long this market would continue and as long there would be buyers and sellers then it would continue to exist no matter what and as long there's volatility then there's always a chance for you to make profits.

Opportunities is boundless or unlimited as long this market moves.Trading experience would be similar for most people which experiencing the bitter sweet of volatility.

We know that its not easy but it would really be worth once you do gain up sufficient experience and skills on sustaining yourself in the market.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
One of lessons I have learnt in trading crypyocurrency is to be dead to your emotion and use numbers and historical chart to your advantage not to your disadvantage. The moment you master your attachment and emotional triggers as regard your trade, your profit will start to grow until you reach your set goal!
Traders are supposed to treat currencies as tools and not something to get attached to. But this differs on the basis of long term or short/mid term. While coins kept for long term purpose will be there for sometime and one may get too attached to them, those in short or mid term have to dealt with quickly and decisively.

In reality what most newbies end up doing is buying or selling at the wrong time and not just make the mistake of getting attached. This is more true when coming to altcoins. Every trader should know that any altcoin needs to be traded quickly as soon as profits are seen and as soon as they break even on ROI.
jr. member
Activity: 140
Merit: 2
I think that many have quite a lot of experience and knowledge in this niche. While getting them is very difficult, it is important to understand.
full member
Activity: 770
Merit: 101
fLibero.financial
One of lessons I have learnt in trading crypyocurrency is to be dead to your emotion and use numbers and historical chart to your advantage not to your disadvantage. The moment you master your attachment and emotional triggers as regard your trade, your profit will start to grow until you reach your set goal!
full member
Activity: 411
Merit: 101
🦜| Save Smart & Win 🦜
My crypto trading experience has lost a lot when I first started trading because I am a new person who has no experience with just being determined, but after that I started to understand crypto trading, I didn't give up to learn until now.
sr. member
Activity: 1876
Merit: 318
Crypto trading is just a mostly emotions and just a portion of the knowledge because at the end of the day it's your decision to make a trade cut the loss and take profit from the trade you made. Still, knowledge is an essential thing to make sure you have a good strategy and executes your trade but with the emotions you have must need to sure you can handle unexpected things that happen such as people making dump and pumping too much emotion attached might bring unnecessary decisions.

Having good knowledge and strategies is not enough to make us successful traders, we need good emotional control when trading. Because if we don't
control our emotions well, we will easily panic with very volatile crypto price movements. We can also miss the opportunity to sell coins at peak prices
if we are too greedy when trading. But if we can control our emotions, it will be very helpful in making the right decisions. Therefore crypto trading is
not an easy thing to do, there must be some things that we must learn so that it is easier for us to make profits.

I also have experience trading crypto for about 5 years, still learning how to become a successful trader. Because until now the amount of loss
I experienced is still greater than the profit I made. Because I think crypto trading is complicated, not just buying at a low price and selling it
at a high price. We will encounter some difficulties when trying to trade, and we must be patient to overcome the difficulties we face.
It does take a long process in order to become a successful trader, which can generate profit on a regular basis.
full member
Activity: 1110
Merit: 104

I'm sure everyone whether it's trading or investing in crypto they must have experienced failure,
that is normal because failure is not always bad and we have to take the positive side,
failure makes us learn so that in the future we don't repeat the same mistakes or failures and that's good for future developments
it should be experienced by everyone who trades and invests in crypto.
I had my first experience in trading which I did. -45% of the capital I put into altcoins. my stupidity to trade and not use a stop loss. as well as market analysis that I do is very low.
but after following several communities and often following discussions. I ended up getting a sizable profit on another asset.

It is very common to express our regrets because we lose but this becomes an eye-opening for us and those who come as these mistakes make us knows to differentiate what is right and what is wrong, and importantly, we know and accept our mistakes.

Putting money into trading is really risky but apparently, we can manage the risk by simply being careful and choosing the right coins to trade.
I'd learn how to listen to others' ideas and become an open-minded person as this will help us to find a way to become better. We don't need to pretend that we are good at trading, yet, we continue learning as we keep on trading.
Everyone I think is aware that trading is very risky and it is very complex,
that's the importance of having knowledge and skills because it can support in trading and minimize risk,
I also agree that continuing to learn is also important and it is part of the process so never be complacent
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
Crypto trading is just a mostly emotions and just a portion of the knowledge because at the end of the day it's your decision to make a trade cut the loss and take profit from the trade you made. Still, knowledge is an essential thing to make sure you have a good strategy and executes your trade but with the emotions you have must need to sure you can handle unexpected things that happen such as people making dump and pumping too much emotion attached might bring unnecessary decisions.
sr. member
Activity: 2436
Merit: 343

I'm sure everyone whether it's trading or investing in crypto they must have experienced failure,
that is normal because failure is not always bad and we have to take the positive side,
failure makes us learn so that in the future we don't repeat the same mistakes or failures and that's good for future developments
it should be experienced by everyone who trades and invests in crypto.
I had my first experience in trading which I did. -45% of the capital I put into altcoins. my stupidity to trade and not use a stop loss. as well as market analysis that I do is very low.
but after following several communities and often following discussions. I ended up getting a sizable profit on another asset.

It is very common to express our regrets because we lose but this becomes an eye-opening for us and those who come as these mistakes make us knows to differentiate what is right and what is wrong, and importantly, we know and accept our mistakes.

Putting money into trading is really risky but apparently, we can manage the risk by simply being careful and choosing the right coins to trade.
I'd learn how to listen to others' ideas and become an open-minded person as this will help us to find a way to become better. We don't need to pretend that we are good at trading, yet, we continue learning as we keep on trading.
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform
Over some time, I have tried to understand and take advantage of the many possibilities in cryptocurrency trading this emerging venture has helped many to reach their goals. What is the most valuable experience that has been a guide for your cryptocurrency trading?
Efforts are made consistently I am sure will get results.
at the beginning of trading I very often get losses but I believe and continue to learn until I can get a profit.
things that continue to be done consistently is the key to success in my opinion.
Early loses is always associated with trading of a kind, I know a lot of traders who made good steady and passive income through trading that have had a similar experience of early losses before building the necessary knowledge on trading.
hero member
Activity: 2954
Merit: 796
During my time in this industry, I already have enough experience, in fact. Although, I started with a demo account of the AMarkets broker, because I was simply afraid to immediately start working on a real account.

Every newbie on trading usually scared to risk there money on trading especially if the price go down suddenly right after they bought tokens. Opening a demo account is good idea to become familiarize and test your strategy if it's working before you will do it in actual trading with money in line. I undergo on this phase of my trading too on my newbie days but I experience an eye opener when I experience my first loss due to my greediness and mental breakdown when I trade using the money that I save for a year.

Trading with real money is far different from using demo account because of emotion and greed that clouding your decision making. It's better to try small amount trading for a long time until you upgrade your trading size.
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