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Topic: what is your unforgettable experience in trading? (Read 920 times)

hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
My own was a token I bought back then to make a double of my investment and I saw the value dropping and I didn't cut my loss. After a while the token value began to reduce by half at every time it dumped till it went to very low price. I was baffled and made further findings and saw that the team was the one dumping their tokens. I learnt a great lesson to never buy a token that has only one market or trading in on my one exchange.
Lesson learned.

This is why many projects are not good to invest in. Just because they are offering it on the sale and they have good promises, that's not an assurance that you should invest in it.

I've seen many times that there were complaints of investors that their tokens were dropping mainly because of the devs first dropping it and selling it for their own benefit. It is very unethical that they take advantage of their investors when their main purpose and plan is to dump it all at once.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
Mine would be the massive dumps I experienced as newbie in Crypto trading. I probably thought the market won't recover. I later realize that dumps like that (or extreme price volatility) were normal occurrence in Crypto. I then adjusted my risk by trading with what I could afford to risk till I started making fairly consistent profits.
I remember also in my past experience price dumps are usually the things i am afraid of because i thought it would made me a loser instantly only to find out that price dump is needed so we can buy more and invest more. I am also a victim of greed. I never sell my coins because i thought the price will keep on surging. But then the price went dump suddenly and lose my expected profits. Experience is really the best teacher not just in trading but in all aspects of investment.
hero member
Activity: 1260
Merit: 504
Exchanging is actually intellectually debilitating and I truly imagine that truth be told, not many individuals could hold on for that. Some of the time even with experience, you actually got genuinely influenced by how the market moves in this manner terrible choice. I truly committed an enormous error and I just accuse myself since I began to exchange without having information and a great deal of encounters. This isn't just about purchase and sell, short or long, however it is tied in with anticipating and dissecting the market.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
I think a lot of unforgettable experiences has happened in the past 6 months or so, people have seen from 10k levels to 24k+ levels in the last 6 months, hell if we take it from 9 or so months ago, we have seen under 4k and over 24k, that is over 6x increase in just one year in the biggest coin.

I can't believe the amount of increases we had inside this year, I don't know how many people bought from the bottom and still hold today, I am sure there must be some, not the majority but more than we assume, people think only a handful of people hold that kind of money but I know that there are tons more. However this is going to obviously take a bit more time before we could hear from them, they will however share it over the next few years, especially when they get out because most of them are still holders, if they sold they probably already talked about it.
member
Activity: 537
Merit: 10
I truly feel that truth be told, not many individuals could endure with that. In some cases even with experience you actually got sincerely influenced by how the market moves consequently terrible choice. In spite of the fact that there are a few people who instruct and direct you, for me Experience is as yet the best learning strategy that we can use in our day by day works uncommonly in crypto exchanging .
member
Activity: 866
Merit: 10
My own was a token I bought back then to make a double of my investment and I saw the value dropping and I didn't cut my loss. After a while the token value began to reduce by half at every time it dumped till it went to very low price. I was baffled and made further findings and saw that the team was the one dumping their tokens. I learnt a great lesson to never buy a token that has only one market or trading in on my one exchange.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
Mine would be the massive dumps I experienced as newbie in Crypto trading. I probably thought the market won't recover. I later realize that dumps like that (or extreme price volatility) were normal occurrence in Crypto. I then adjusted my risk by trading with what I could afford to risk till I started making fairly consistent profits.
sr. member
Activity: 1008
Merit: 250
Exchanging is actually intellectually debilitating and I truly feel that truth be told, not many individuals could hold on for that. Now and then even with experience, you actually got genuinely influenced by how the market moves along these lines awful choice. I recall my experience was when I'm new in crypto exchanging, was selling the cost of low as a result of frenzy selling. Fuds was crazy because of that time I am only new because of absence of information about exchanging plans and systems.
sr. member
Activity: 952
Merit: 308
Exchanging is actually intellectually debilitating and I truly imagine that without a doubt, not many individuals could endure with that. Now and again even with experience you actually got sincerely influenced by how the market moves along these lines awful choice. I figure I should stamp my first exchange as the more remarkable exchange my life.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
I had a bad experience in forex trading when I started as a newbie, I had the impression that trading is a get rich scheme thus I must earn huge profits within a shortest period of time thus prompted me to trade without a stop loss sometimes ago, the price kept moving against me while thinking that it will reverse in my preferred direction even the broker has given me red line on my margin unfortunately that was how my portfolio was wiped off and account rekted
hero member
Activity: 1484
Merit: 928
It has not been long I started trading, when I started I always make profits and am always happy and I was thinking am already a professional in trading that I know everything about cryptocurrencies not until when I used all my fund to buy a coin and the coin was dump and I lose all my capital that's the experience I can never forget in Cryptocurrency!!!
legendary
Activity: 1554
Merit: 1139
I don't know but, I suddenly started feeling that, it's always going to be about the loses more than the profits for the unforgettable trading experiences and it's awful why or how I feel this way.
Is it a psychology thing, like your loses hurts and stick with you in contrast to the actual profits which brings joy!

Anyway, my trading experience centered on a particular day I was trading and I believed my analysis was on point so, failed to guide my trade with a stop loss or take profit, my confidence was pretty much up and suddenly, ran out of data. Prior experience as at then with my little confidence gave me far two much comfort so, I didn't subscribe to a data plan immediately but paused for a few hours and before I could get back online, I was damaged more than I had expected and it surely turned my emotions up.

Lesson: never be too confident about your trading strategy or analysis. Stop loss is a necessity.
sr. member
Activity: 2114
Merit: 309
trading is a lot of trouble, a lot of bad experiences, it's a loss,
a loss makes me really frustrated, but I realize that this is part of trading, and we have to accept it.
Trading process is easier but you can keep making profits all the time if you don't have much knowledge about crypto trading. Yes accepting your losses is really a good thing but don't stop there, you need to start learning from your mistakes which is going to make you a better person in crypto trading which will eventually pave the way to make money once you realize the strategies involved with it.
Still not forget when earn profit from trading at the first time because I think look easy how to earn money with trading, but right now many not good coin after exchange is not filter which one coin have listed or not, just think with fees for listing and not give guarantee for developer keep loyal with their coin. Maybe need extra working when trading on exchange market and try to buy which one coin look have chance to grow up, maybe we loss many chance when buy coin always dump and pump after selling, so correct your way when you try to buy some coin before late and always loss.
newbie
Activity: 10
Merit: 1
The jerk from this forum who sent me a fake gift card number in trade for 1 btc back when it was worth about $20. Thanks, creeper! I really needed groceries then because I had been laid off of my job. Now I could really use 1 bitcoin to get a car and this would have been the perfect moment. I hope he enjoyed it in a bad way. I think I'll write a horror story about him.
legendary
Activity: 2492
Merit: 1145
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
Each of us surely has an unforgettable experience in trading and winning or losing a massive amount can be considered an unforgettable moment. But I think the unforgettable moment is the way you gather the outcome. I'm not that expert in trading but I have an unexpected loss that I experienced. I have accidentally fallen asleep while I was on futures trading and this happened without setting up a stop-loss. I got liquidated and when I wake up it feels very bad. This is a lesson that I won't be forgotten, The loss hits me hard.
full member
Activity: 1638
Merit: 122
Quote
. The saying is very true to me that you will only learn from your own experience and not from the others advice.
are you sure that you read enough tips and strats from the users on this forum ? and are you sure that you apply them all ?
 the reason why you fail is you became greedy but being greedy in trading is one of the topic that are being talk about by the members here .
maybe you got carried away and you throw what you have learned but now that you know that being greedy is not good i hope you can now be contented to what you have next time . goodluck on your future journeys
sr. member
Activity: 2114
Merit: 309
I have bad unforgettable experience in trading why always after selling my coin price is up but when I have bought any coin price was down. still do not know what lucky I have looking for because always happen with me when I try to sell coin price up and down after buying. Will my method was wrong so far because I am panic selling when get coin have down and panic buying if check coin have raise to higher price and I think have to change with my method with trading way.
hero member
Activity: 2282
Merit: 505
I remember that when it have traded on binance for a few minutes and i could earn almost 1k from there but due to the greedyness of me and then i was getting lose more than 1k from my trade caused by i didn't leave from the market and just keep to hodl it on the exchange site and im shorting the market and got lost instantly due to the dump.
that's the worst experience of me
hero member
Activity: 2688
Merit: 588
Everyone has the same type of story, either not getting in earlier when they could and were here but decided not to or they bought like people imagined they should have but sold too early. Which goes to show you that first type of people could have been second type of people as well. I could have bought $100k bitcoins at 1 cent each if I knew it right? Even if I did that, I would have probably sold at one dollar, or few dollars at most, I would have waited until $20k price was reached or more.

The amount of profit I would have made would have been too much for me to ignore. This is why do not see yourself as someone who missed an opportunity if you didn't buy earlier, and do not be upset that you sold too early neither, just be happy with whatever you have accomplished.
sr. member
Activity: 1484
Merit: 276
My most unforgettable experience in my trading life is back when I tried to arbitrage from 2 different exchange just to find out that the other exchange is using an old chain of the coin and the other one is using the new chain so I can't really find a way to profit and ADZ price goes dump and I lost like around  $2k at that trade lol really big mistake.
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