The bad experience when trading can indeed be a valuable lesson, so that you don't repeat the same mistakes.
But you learn to trade the hardway way if you have to experience a bad incident first, when you should learn from
the bad experiences of others. So you don't have to experience it, that's what I'm doing right now. Learning from
other people's bad experiences is much more rewarding.
Topic: what is your unforgettable experience in trading? - page 5. (Read 884 times)
There are 2 unforgettable experiences that I keep remembering and these two are negative and positive experiences. I would like to talk about the negative experience first wherein I lose big and it is amounting to $20,000. That kind of money is really huge and I got depressed because that kind of money cannot easily make in a country wherein the minimum wage is so low. I really made a huge mistake and I only blame myself because I started to trade without having knowledge and a lot of experiences. It is why I also suggest to people out there that they should make investment in their knowledge first before they put big amount of money in their trading portfolio.
The 2nd experience is a positive experience wherein I made huge amount of money. After I lost big, I find a way in order for me to regain that money and luckily I find a good trading system that help me to build my wealth and to recover all of the losses that I incurred before.
The 2nd experience is a positive experience wherein I made huge amount of money. After I lost big, I find a way in order for me to regain that money and luckily I find a good trading system that help me to build my wealth and to recover all of the losses that I incurred before.
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.
My unforgettable experience in trading is when I was newbie, I don't know about trading strategy especially technical analyst but at that time I try to trade with $500 and using 30x levarage yeah I always remember it. Until just need a few time for me to get liquidated and it is horrible for me.
But, after that I was thinking that I must recover my loss whatever the way that I choose. So as I learn more about trading strategy day and night and I forget everything I just focus on it. Until I bought many books about trading strategy and greatfully I have many time because I was dismissed on my own work.
And my effort is paying me a lot, now I just focus on trade and even it is my source income now. I have no job in my real life and I haven't started to make my own bussines, I just feel comfortable to getting money on trading. I don't know when it will last, but you have to feel that trading is really fun.
But, after that I was thinking that I must recover my loss whatever the way that I choose. So as I learn more about trading strategy day and night and I forget everything I just focus on it. Until I bought many books about trading strategy and greatfully I have many time because I was dismissed on my own work.
And my effort is paying me a lot, now I just focus on trade and even it is my source income now. I have no job in my real life and I haven't started to make my own bussines, I just feel comfortable to getting money on trading. I don't know when it will last, but you have to feel that trading is really fun.
My unforgettable lesson. In trading is opening position long for btc leverage trade in the night and not setting stop loss or take profit. The next morning I received liquidation notification. Since then, I've always been setting take profit and stoploss.
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.
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.
Years ago, I have made a mad decision with trading the high volatility on a margin trading account that has more than 1:2000 leverage. The total time during entry/exit from trades was less than 5 minutes and I have made a $2000 profit on the first minute of trade and whipsaw has caused a $9000 loss on the third minutes. The crazy volatility was caused by the unexpected news and I didn't use limit or stop orders. The margin trading has such side effects and if you check the Bitmex liquidation bot, you can find many crazy margin traders with million-dollar balances and they love to throw away the trades in millions.
In the beginning of my experience, I was even very in a hurry to trade if I saw a new coin or token and suddenly the price jumped up, there I immediately bought it in a hurry, but in a matter of minutes it was even unexpected because the price fell. very drastic and I immediately sold it because I didn't want to lose more and more, and after some time it turned out that the price of the coin went up too, so what I got was the conclusion, to keep emotional and stay relaxed, because in trading it is also very necessary to have patience and the main thing is often reading the crypto daily news that we like
My unforgettable trading experience would be my first ever trade I still remember how happy and proud I was when I gain profit from it.
I remember almost spending half of my earnings to celebrate it with my friends.
By the way it was just BTC to Fiat.
I remember almost spending half of my earnings to celebrate it with my friends.
By the way it was just BTC to Fiat.
What I have noticed about trading is that beginners do lose, they can never forget the loss they had during when they first started trading, if they gain, they would never forget that too, which means the first trading experiences matters. After subsiquent trades, there are many things that will happen but be forgotten. But what I know traders may also never forget is when they lose high amount of bitcoin or altcoin while trading. Like me I hardly find it difficult to forget the day I lost coins to trading when I first started and of the days I lost much than I can imagine.
I was once lost more than $2000 in a single day with forex trading. Forex trading always use leverage to enhance our capability to earn money. But I was a novice in this activity and being greedy was my normal experience. I cant accept my loss. Therefore, martingale was my choice to earn more and more money. But with a big string of loss, my balamce disappeared.
Very strange but this is the truth.
Many traders regret some things that are sometimes unnecessary because they have not actually suffered losses. One of them regretted missing a trend opportunity. Yet if they let FOMO rule it and force themselves into the trend, they will be more at risk.
Many traders regret some things that are sometimes unnecessary because they have not actually suffered losses. One of them regretted missing a trend opportunity. Yet if they let FOMO rule it and force themselves into the trend, they will be more at risk.
i learned not to buy when prices are starting to increase anymore.
don't chase the price when it's going up. remember to peep the chart again because normally what goes up will always come down. you just keep monitoring the prices on coinmarketcap, there will always be a chance to buy. now, if the train really leaves you behind, take another train but hold on to what you still have.
My surprise with trading includes not crypto but forex. I have never actually tried it before that time and I was surprised when I actually made a profit of $200. It was totally unexpected because I thought I would probably lose the amount but my $500 turned into $700 in a single day. But then I learnt that it was just my luck and if I continue to place orders then I might be in loss as well as I have to do really good research before making a good order.
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.
I think many people have gone through similar experiences so I do not really think you are going to learn much from this experiment, at least to me when reading your post seems like you do not have a money management strategy, it is completely normal to make a losing trade from time to time and it is also normal too to lose control of your emotions from time to time and lose money because of it.But what it is completely wrong is that you lost 75% of your tokens in a single trade, basically now you need to get 300% in profits just to get even, do you have an idea of how hard is that? So it is better to not lose that money in the first place and the only way to do that is learn how to manage your money properly.
Experience is the best teacher, whether it's your own or other's experience as long as you have totally understood what went wrong and what went right including the things you need to improve as well as you need to avoid when things happen again. Everyone has their own unforgettable experience in trading either they lose a lot or earn profit more than they are expecting.
As for me, it is also the same as with the others that when I was still new in this industry and the first time I traded I almost lost everything, it was somehow stressful at first but I just cope up by considering it as a challenge to me that I should not quit from trading and become a loser.
As for me, it is also the same as with the others that when I was still new in this industry and the first time I traded I almost lost everything, it was somehow stressful at first but I just cope up by considering it as a challenge to me that I should not quit from trading and become a loser.
We have different experience in trading, on my part, one of my unforgettable experience is that when I do panic selling because of thinking that bitcoin could be zero and I am so afraid of losing my money but then I still lost my money because of that panic selling, I am so disappointed that time before because of not trusting the bitcoin, well we cannot turn back again those things, the good thing now is that we already know the lessons of those mistakes and it will now help us to become better in the future.
I have some unforgettable experience in trading. If anyone ask me then I must say about my bunch of money which I had lost in trading. Because I was not matured in that time. Those losses make me strong and I came back with full swing with enough knowledge which I hadn't gathered before. My story is not so long that I had lost near $1k in a single trading and afterwards I had lost my BITTREX exchange account and still I cannot recover it. I have contacted their support but not get enough support to recover it. That was my history.
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.
Everyone has it's own unforgettable experience in trading but you're right, you will learn from your mistakes and experiences. Although there are some people who teach and guide you, for me Experience is still the best learning method that we can use in our daily works specially in crypto trading . Everyone has made a mistake and that mistake will be a good lesson for us to learn.
When I randomly pick a coin and invest in to trade it the next day it is more on a gamble it wouldn't matter if it went up or down.
I was really stressed out that time and I invested all of my money that I hold on that trading site in a random coin.
Luckily it went up and I gain 3% from it after that I never try it again.
I was really stressed out that time and I invested all of my money that I hold on that trading site in a random coin.
Luckily it went up and I gain 3% from it after that I never try it again.
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