So this one time, I was trading US commodities.
I was up $9,000 for a position I had carried for 3 days.
I booked profits on this trade and moved to another position. This was 2017 and by far the max profits I had made so far in a day or 2.
The other position I took started going against me, I averaged 2 twice at 2 different points without a stop loss.
Ended up exiting that position at a loss of $28,000 and a total loss of $32,000.
What could have been my biggest day in trading turned out to be one of the worst days. But it was a lesson well learnt!
Always have a backup and know that you may be wrong! Prepare for it!
Topic: what is your unforgettable experience in trading? - page 4. (Read 920 times)
The saying is very true to me that you will only learn from your own experience and not from the others advice.
I think it is not bad to get advice from others yeah they maybe fraud or something but not all peoples are like that. The tip here is that when you got advice don't just follow or believe through with it but rather verify and make a few research if it is legitimate or not. Remember no man is an island, your common knowledge is not sufficient enough so don't be afraid to ask for a bit of advice.
Unforgettable experience can be said based on huge profit or huge lose in trading. In my trading history, I will never forget that moment whenever I got a huge protit from Telcoin. I have got almost $2k profit from a single trade. So this was unforgettable experience from me because I was just beginner at that moment.
There are a lot of memorable experiences but there is one I can't forget.
It is not directly trading but my Mom heard that I am investing and trading Bitcoin. That is the time that news reported that cryptocurrencies are being used as a scam by some people and they thought I will be scammed if I continue. Right now I send them some of my fiats which I got from selling my Bitcoin because I want to make them feel that they are wrong. They already told their sorry and I do understand their part since they still don't have that knowledge about cryptocurrencies still, I can't forget that since that is a proof of my profits I am getting from trading and also investing.
It is not directly trading but my Mom heard that I am investing and trading Bitcoin. That is the time that news reported that cryptocurrencies are being used as a scam by some people and they thought I will be scammed if I continue. Right now I send them some of my fiats which I got from selling my Bitcoin because I want to make them feel that they are wrong. They already told their sorry and I do understand their part since they still don't have that knowledge about cryptocurrencies still, I can't forget that since that is a proof of my profits I am getting from trading and also investing.
I remember those times when I was a newbie in trading, too.
My brother is my mentor, and he used to teach me not personally because we are far away from each other. And it's a struggle for a newbie to learn every word via pm only. My first liquidation was of course my unforgetabble moment. I don't have any idea about stop loss back then, i used 50x to 100x leverage which quickly liquidated my entries. And to think I do not have any ideas before about money balancing which ate up my whole fund.
But, there's always a mistakes and a first time experienced for everyone. Which of course may lead us for a better trading. Without anyone's idea and techniques combined with our own experience, we can not definitely learn.
My brother is my mentor, and he used to teach me not personally because we are far away from each other. And it's a struggle for a newbie to learn every word via pm only. My first liquidation was of course my unforgetabble moment. I don't have any idea about stop loss back then, i used 50x to 100x leverage which quickly liquidated my entries. And to think I do not have any ideas before about money balancing which ate up my whole fund.
But, there's always a mistakes and a first time experienced for everyone. Which of course may lead us for a better trading. Without anyone's idea and techniques combined with our own experience, we can not definitely learn.
I have journals of my past trades so I remembered ever important experiences in my trading career. I'm really happy that I'm now in this phase wherein I can say that I'm now profitable trader because I finally understand the concepts in trading. My most unforgettable experience is when I'm so down because of my consecutive losses wherein there is a point in my life where I want to quit in trading but luckily I find a good trading system that helps me to regain all of my losses and to become a profitable trader.
I thought that trading is so risky but now it is not because I finally know how to lessen the risks and it is by having a lot of experiences and also knowledge about trading. Do not expect that you can become good in the beginning of your trading career because for sure you will face a lot of challenges in life.
I thought that trading is so risky but now it is not because I finally know how to lessen the risks and it is by having a lot of experiences and also knowledge about trading. Do not expect that you can become good in the beginning of your trading career because for sure you will face a lot of challenges in life.
I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.
My experience in trading is that I got a 70% price up in just 2 hours. This really makes me happy, because I get profit quickly in just 2 hours. and the cycle of increasing prices is very fast .. I want to repeat that fun moment 
When I’m about to lose all my capital because of mistake on plotting my trading strategies and I’m totally lost that time, this is mu work trading experience so far. We all have bad experience in trading because that is part of the game and if you did not learn from that mistake, then you will continue to loose money. Trading is too risky, expect a more volatile journey especially trading in crypto market.
Selling on an impulse and don`t have the patient to hold an altcoin but that`s what we do, we buy on dips and sell when the market recovers and many times I sell too early instead of waiting and gain a nice profit, I learned my lessons hard.
Even some who are already pro in trading sometimes fails to analyse it and experience some tradi g flaws or when they were starting there are sure many amount need to be at stake to be able to really learn how to trade. It can be worth doing if werl are able to do trading on our own now. 
Surely all of us in here have experienced many ups and downs which includes failures through trials and success that brought us confidence to continue our trading journey. What is the unforgettable experience I have in trading is of course the part of learning process for I have been here for quite a long period of time and what I can say is that of course I have no other people to ask with when it comes to trading and have no friends to be with to get along with my journey at first so everything was a risky exploration and learning for me when I am first starting my trading journey. I have experience success and some failures in this field which I am continuously learning and applying all that I have experienced in the past so I can deal with any possible circumstances that trading can bring to me. For me the unforgettable moment is the beginning of my trading journey.
The moment I can't forget in trading is buying coins when the market HYPE...
in Q1 2018 then I bought Bitcoin Gold at a price of $ 350 and at that time the crypto market was very high, then soon the price of Bitcoin gold fell to $ 200 then $ 100 and because I was worried that the price would continue to fall, I cut loss at the price of $ 60 / BTG. really a big loss for me as a newbie at that time.
That must have hurt, I have several of bad experiences where I lost a lot of money but the good thing was that I never invested too much into a single coin and hence did not have a particular regret story.in Q1 2018 then I bought Bitcoin Gold at a price of $ 350 and at that time the crypto market was very high, then soon the price of Bitcoin gold fell to $ 200 then $ 100 and because I was worried that the price would continue to fall, I cut loss at the price of $ 60 / BTG. really a big loss for me as a newbie at that time.
I regret not buying when price went down to 3-4k but that can't be any kind of unforgettable story instead more like a missed chance but honestly I was sure that the price will jump back and that hurts me the most why I didn't trust my instincts and purchased big amount.
I have lots of regret story with altcoins like flux.fund is one project I remember I spent time and money with and they turned out to be a joke.
All of us didnt really anticipate when bitcoin was still in 3k price and same as yours where my gut and instinct tells me to buy but my brain and my fear do able to control me that bitcoin might be dying on that
time which did really stop me on buying or doing such act and now i did really have some regret but i cant really blame off myself because when emotion do sets in then its really hard to control.
For my altcoin investment then there are lots of scenarios or events where i do regret when it comes to missed opportunity to sell because i did decide to held up even longer for the believe that
i might able to get more profits but all it turns out to be opposite thats why i did really not tend to go back with altcoin investment except for those top altcoins that we do have recently.
The moment I can't forget in trading is buying coins when the market HYPE...
in Q1 2018 then I bought Bitcoin Gold at a price of $ 350 and at that time the crypto market was very high, then soon the price of Bitcoin gold fell to $ 200 then $ 100 and because I was worried that the price would continue to fall, I cut loss at the price of $ 60 / BTG. really a big loss for me as a newbie at that time.
That must have hurt, I have several of bad experiences where I lost a lot of money but the good thing was that I never invested too much into a single coin and hence did not have a particular regret story.in Q1 2018 then I bought Bitcoin Gold at a price of $ 350 and at that time the crypto market was very high, then soon the price of Bitcoin gold fell to $ 200 then $ 100 and because I was worried that the price would continue to fall, I cut loss at the price of $ 60 / BTG. really a big loss for me as a newbie at that time.
I regret not buying when price went down to 3-4k but that can't be any kind of unforgettable story instead more like a missed chance but honestly I was sure that the price will jump back and that hurts me the most why I didn't trust my instincts and purchased big amount.
I have lots of regret story with altcoins like flux.fund is one project I remember I spent time and money with and they turned out to be a joke.
I remember back in the day when I have never used any trading bot at all, there was one that sold for not that much money, plus it also had the option of "bring two people and get yours free" as well, but I never used one and didn't know how they worked. So, I talked with the owner for a while and he explained to me what the bot did and how I could manually do it as well, wasn't really that complicated... to him 
.
I learned what he thought me that day and he said go try it manually, you do not even have to buy it, just find when the bot should buy and write the numbers down, and check it when it should sell, according to how the bot works and I did just that.
However as it turns out, I learned it reverse, so whenever I found a coin that it should buy, it dropped right away and it sold when it was lower and right about to go up. Turns out I had to do reverse but for a week I found perfect coins to not buy .
.I learned what he thought me that day and he said go try it manually, you do not even have to buy it, just find when the bot should buy and write the numbers down, and check it when it should sell, according to how the bot works and I did just that.
However as it turns out, I learned it reverse, so whenever I found a coin that it should buy, it dropped right away and it sold when it was lower and right about to go up
. Turns out I had to do reverse but for a week I found perfect coins to not buy . 
I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.
Your problem is that you are not experienced enough to handle your fomo mentality. I have had it once in my life and it cost me nearly $ 2,000 when I was always optimistic because the people in the Telegram community were always talking loud the moon soon. It was then that I realized it was a scam project and the price was quickly sold off.Since that big loss of money I have held back my greed and since then I have traded better. Better yet, learn about Dow Theory, which will give you a better understanding of how any financial market works.
Trade futures without placing a Stop Loss. This error frustrates me. Even though the funds were not large this happened to me twice. Besides that, I know emotions are very influencing, but I am still stupid, I can't control my emotions, I want to immediately return my lost capital quickly so I opened a position again and it turned out that my analysis was wrong.
If emotions are getting the better of you every time knowing the situation then you should avoid trading and start working on self discipline and once you have developed control over your emotions and actions more importantly then you can trade with much more authority. Not using stop loss is not the worst mistake because it is the tactical part of trading and learning so that can be corrected but if you are trading emotionally it is nothing but gambling.My worst experience was recently when I exchanged a big amount of XRP into BTC when market was growing for BTC and when I came back after a few days and saw the price of XRP I was onto my haunches shattered and can't realize what I have done.
I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.
This called with panic buying or selling in trading, looking for when coins have going down many people try to sell although loss much assets and don't care with other opportunity coins will grow up again, last another side many trader will be panic for buying when seeing coins have reach higher price and touch more than 50% or 100% but brave to buy without think before price suddenly will be dump. Make the experience as your lesson how to manage good management trading on the next time, you must know when have to sell or buy some coin and always remember never buy on coin have raise higher price because its not worth and make you have hold for long time.
You ask 'experience' yes everyone has serious experience in trading, you know crypto prices are very sensitive to move and fall in unexpected ways, when expecting certainty that's not what you get.
Unforgettable moments in the world of trading are: unexpected price movements up and down became a valuable experience and lesson for me, where I have to train for patience and thoroughness in trading.
Careless, greedy, will cost us something.
Unforgettable moments in the world of trading are: unexpected price movements up and down became a valuable experience and lesson for me, where I have to train for patience and thoroughness in trading.
Careless, greedy, will cost us something.
Selling on an impulse and don`t have the patient to hold an altcoin but that`s what we do, we buy on dips and sell when the market recovers and many times I sell too early instead of waiting and gain a nice profit, I learned my lessons hard.
I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.
This called with panic buying or selling in trading, looking for when coins have going down many people try to sell although loss much assets and don't care with other opportunity coins will grow up again, last another side many trader will be panic for buying when seeing coins have reach higher price and touch more than 50% or 100% but brave to buy without think before price suddenly will be dump. Make the experience as your lesson how to manage good management trading on the next time, you must know when have to sell or buy some coin and always remember never buy on coin have raise higher price because its not worth and make you have hold for long time. legendary
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The saying is very true to me that you will only learn from your own experience and not from the others advice.
This isn't entirely true as you can also learn form others experience. There's a popular saying that goes this way "wise traders learn from their mistakes, perfect them and turned their previous experience into a profitable one but smart traders don't wait to make this mistakes themselves, they learn from others mistakes. This way the avoid losses although that doesn't mean if they do make their mistakes they won't learn from them.
Anyways my unforgettable experience are numerous to pick one but I'll go with the most recent which has to do with DeFi trading. I bought into a newly listed coin on Binance as I intended to catch the FOMO before it kick off but unfortunately I didn't research properly to know the newly listed coin has already done impressive ROI and was due for some retracing.
I'm still yet to recover from that bad choice of mine and it was as a result of my lack of proper researching and just jumping into a project because it was getting listed on a top exchange.
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