What kind of worst decisions do you take when trading? - page 3.

nicolas1979

sr. member

Activity: 826

Merit: 252

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

My worst decision only buy too high and sell too low, just like you did. From this mistake, I learn to use stop loss to minimalize loss. But my first mistake with trading is trying with real money without knowledge. Lost almost 40% from my money in just 15 minutes. Mistakes is good to learn how to deal the real market, just need hard work to understand. Good luck.

Bianxee

member

Activity: 217

Merit: 10

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

Its a wrong move buying at the price in the peak or when it pumps , But its normal experience of a newly trader .
Worst decision is not selling and investing in a Unknown coins without any forum or information background in a coin , This coins are called "Scam Coins" most of the time.

knightmairesaint

sr. member

Activity: 490

Merit: 262

privacy preserving smart contracts and beyond

Quote from: crazycatwoman03 on July 30, 2017, 09:49:58 AM

Quote from: yoonah on July 26, 2017, 09:53:46 AM

Quote from: AliMan on July 21, 2017, 01:27:44 PM

Quote from: Blitzboy on July 19, 2017, 03:12:01 PM

The most common mistake which all traders have been through is that they are not patient enough. I have a big mistake in the past which I very very regret. There is a coin name XVG on bittrex and when it was 50, I bought some of them and when the price drop, I sold all of them when it decreased to 45. Then, suddenly, it hit 200. WEll, that was my damn mistake and I was very sad after that

yeah i been through that setuation when i first start trading im so weak hands so nervous thats why im so great that some body teach me
the proper mind set of trading and im doing research now.

I've been in this situation too and I think most of the newbies go through in this kind of situation even if they have a mentor. The market has a very big role in playing our emotions and as a newbie its so easy for us to panic sell because we think we are going to lose everything we have without any knowledge that after the dumping there comes the pump and more. I have learned in months of being here in cryptoworld and I can say that I am better now than yesterday.

Yeah we all have been there. Every newbie in trading must have experienced that, I think it is just necessary for us to experience that in order to teach us a lesson which is to be very patient. I also regret selling one of my coins when the split and segwit news was fresh and hot. I loss the opportunity to earn half from that coin and I was very sad because of that.

The market can really affect our emotions in trading. We do not know when is the right time to sell for us to gain profit and there are times when we had already sold our coins when its price suddenly pumps. Again, another loss profit.

I also think that it is also a bad decision to sell your coins if you don’t need some money. I have heard that holding coins are better than selling it and another said that use your coins to invest for other coins.

Recently, I had sold my coins that I have earned from an altcoin and because I am a newbie trader, when I learned that its price can reach up to 0.001 BTC, I was really disappointed because I have sold it at 0.0003 BTC only. Huge difference right? What I learned from that is to observe first the previous market price.

ilovefeetsmell

hero member

Activity: 686

Merit: 510

Quote from: melted349 on June 10, 2017, 11:35:26 AM

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

For me the worst thing I did in trading when Iset the sell order I late notice that my sell order is missing one zero when I check it I'll already sell my coin Grin

. And that's means lost for me. And another one is not buying eth when I have time to buy it cheap and now the price is skyrocketing.

I currently trade my tokens into eth, I don't know if it is a good decision because Bitcoin will split after a moment. I don't know if my Bitcoin will appear in my wallet. My worst moment and wrong decision is to sell my coins at the lowest price then after a minute, the price recover. I lost a lot of money!

Learn from our mistake will lead to us a good decision making. From now on, I will choose for the better and always think twice before I can trade my coins.

crazycatwoman03

sr. member

Activity: 588

Merit: 250

Quote from: yoonah on July 26, 2017, 09:53:46 AM

Quote from: AliMan on July 21, 2017, 01:27:44 PM

Quote from: Blitzboy on July 19, 2017, 03:12:01 PM

The most common mistake which all traders have been through is that they are not patient enough. I have a big mistake in the past which I very very regret. There is a coin name XVG on bittrex and when it was 50, I bought some of them and when the price drop, I sold all of them when it decreased to 45. Then, suddenly, it hit 200. WEll, that was my damn mistake and I was very sad after that

yeah i been through that setuation when i first start trading im so weak hands so nervous thats why im so great that some body teach me
the proper mind set of trading and im doing research now.

I've been in this situation too and I think most of the newbies go through in this kind of situation even if they have a mentor. The market has a very big role in playing our emotions and as a newbie its so easy for us to panic sell because we think we are going to lose everything we have without any knowledge that after the dumping there comes the pump and more. I have learned in months of being here in cryptoworld and I can say that I am better now than yesterday.

Yeah we all have been there. Every newbie in trading must have experienced that, I think it is just necessary for us to experience that in order to teach us a lesson which is to be very patient. I also regret selling one of my coins when the split and segwit news was fresh and hot. I loss the opportunity to earn half from that coin and I was very sad because of that.

The market can really affect our emotions in trading. We do not know when is the right time to sell for us to gain profit and there are times when we had already sold our coins when its price suddenly pumps. Again, another loss profit.

yoonah

full member

Activity: 231

Merit: 100

Presale is live!

Quote from: AliMan on July 21, 2017, 01:27:44 PM

Quote from: Blitzboy on July 19, 2017, 03:12:01 PM

The most common mistake which all traders have been through is that they are not patient enough. I have a big mistake in the past which I very very regret. There is a coin name XVG on bittrex and when it was 50, I bought some of them and when the price drop, I sold all of them when it decreased to 45. Then, suddenly, it hit 200. WEll, that was my damn mistake and I was very sad after that

yeah i been through that setuation when i first start trading im so weak hands so nervous thats why im so great that some body teach me
the proper mind set of trading and im doing research now.

I've been in this situation too and I think most of the newbies go through in this kind of situation even if they have a mentor. The market has a very big role in playing our emotions and as a newbie its so easy for us to panic sell because we think we are going to lose everything we have without any knowledge that after the dumping there comes the pump and more. I have learned in months of being here in cryptoworld and I can say that I am better now than yesterday.

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

Quote from: Blitzboy on July 19, 2017, 03:12:01 PM

The most common mistake which all traders have been through is that they are not patient enough. I have a big mistake in the past which I very very regret. There is a coin name XVG on bittrex and when it was 50, I bought some of them and when the price drop, I sold all of them when it decreased to 45. Then, suddenly, it hit 200. WEll, that was my damn mistake and I was very sad after that

yeah i been through that setuation when i first start trading im so weak hands so nervous thats why im so great that some body teach me
the proper mind set of trading and im doing research now.

shirazteam110

member

Activity: 70

Merit: 10

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

you are doing a Big mistake at the time of pump might be you bought. When Pump group buying coin then dont touch any coin

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

That's fine, everyone makes mistakes and sometimes more worst than you did. From your post, I can said you're wrong read indicator. MACD is more powerful when you use long time period ( h4, day, week, month ), manage your money with martiangle strategy and try again. Don't forget your stop loss and take profit. My biggest mistake on trading is just one, I always hold when the price still not reaches the buy area. Sometimes the price never been there and hold more longer make me panic sell. Have a nice trading.

Simss

sr. member

Activity: 616

Merit: 250

I've done the same thing as you, and here I feel so sorry.

tittensor

sr. member

Activity: 443

Merit: 250

Quote from: The_Dark_Knight on June 29, 2017, 10:34:41 PM

Quote from: stomachgrowls on June 22, 2017, 09:26:43 AM

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

MACD is really a good technical tool but it wont work anytime here on this cryptoworld.We do have really in common mistakes for us traders. My worst decision to make is when i do make a panic sell when i saw the coins i bought was dropping and i dont have dont choice but to cut losses,i know it sucks but this thing is really common among newbie traders.

Technical analysis is not really the appropriate tool to apply in many of the coins, maybe you can use it in bitcoin or Ethereum but it is not really the right tool for something like coins with very low market cap that can easily be manipulated by the whales.

Technical analysis can help you visualize the market with a simple picture demonstrates the psychology of investors, when trading with crypto have high amplitude fluctuations as ETH and BTC, you need usually check the chart and keep calm when making the decision if not want take loss, the whale just create wave for pig and chicken surf it Wink

amaral1977

sr. member

Activity: 686

Merit: 250

The biggest mistake i keep making is buying into a hyped shitcoin. It happened before, happens a lot less lately, but it still happens. Im just bored looking at the charts and i eventually jump in a hype of shit. needless to say i have Bags of shit. ATM two. BestChain and Lizi.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

The most common mistake which all traders have been through is that they are not patient enough. I have a big mistake in the past which I very very regret. There is a coin name XVG on bittrex and when it was 50, I bought some of them and when the price drop, I sold all of them when it decreased to 45. Then, suddenly, it hit 200. WEll, that was my damn mistake and I was very sad after that

BarbieCasino

sr. member

Activity: 612

Merit: 250

Quote from: Japinat on July 04, 2017, 01:30:58 AM

Quote from: quarkyplum on July 04, 2017, 01:10:02 AM

Quote from: Savemore on July 04, 2017, 12:44:12 AM

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

My worst decision is when I sell my some coins and suddenly that coins is pump up and I really regret that because the coin that I hold pump 2x its value. So from now on I hold different coins.

When trading with type holder, the most important factor is patience and calm with any situation. Set target and forget that coin bought, and when a beutiful day, you can see a huge profit from this coin Grin

The coins we have will always pump and dump because it's the nature of cryptocurrency and therefore we should wait for the right timing to buy and sell in order to make profit. Never regret when you sold your coins as long as you did it for profit, the price may dump therefore patience is necessary to sell when its back up again.

yes people buy and hold bitcoin to get some profit not loss all the time they spend their investment on it and I suppose the worst decision one make in trading is to hold your bitcoin for long term and then sell it on a loss I can imagine how difficult it could be to hold when your investment is under risk. So we should wait for right time.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: Armando on July 01, 2017, 10:24:22 AM

Quote from: harizen on June 27, 2017, 07:26:47 AM

If the loss is just about 50% then don't consider as worst loss. That's the time it will test how good you are handling your portfolios. Don't ever sold during bearish market. It's like selling thru dips instead of buying it.

People have an option to buy again at those dips and just hold those who coins who are already on reds. Somehow even it will not reached again their selling rate at least closer than that. Patience is always the key.

losing 50% of $100 differs from losing 50% of $100k, no? ))

patience may be always the key, but is not always the key to success - many (once) "hot altcoins" would never reach the heights they got during the first days... there are A LOT of examples

Well said, it is a good suggestion to sight back on to the history.
I think it is not the right time to invest into any of the crypto currency, it is just a personal opinion I may not be right all of the time, but I am smelling things at the moment that the prices will go down more even. If you have holdings then no need to get panic I will suggest to convert them into the bitcoin and the bitcoin price will once again boom in the next three months.

HasHe

hero member

Activity: 952

Merit: 500

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

In earlier stages,due to FOMO,on seeing the sudden rise of price in altcoins,i would immediately buy that coin thinking that it would increase more.But i was not aware that the coin is being pumped.Immediately,its price would start falling due to dumping and due to panic,i would try to sell it and end up with huge loss by selling it at very low price.

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: quarkyplum on July 04, 2017, 01:10:02 AM

Quote from: Savemore on July 04, 2017, 12:44:12 AM

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

My worst decision is when I sell my some coins and suddenly that coins is pump up and I really regret that because the coin that I hold pump 2x its value. So from now on I hold different coins.

When trading with type holder, the most important factor is patience and calm with any situation. Set target and forget that coin bought, and when a beutiful day, you can see a huge profit from this coin Grin

The coins we have will always pump and dump because it's the nature of cryptocurrency and therefore we should wait for the right timing to buy and sell in order to make profit. Never regret when you sold your coins as long as you did it for profit, the price may dump therefore patience is necessary to sell when its back up again.

quarkyplum

full member

Activity: 378

Merit: 100

Quote from: Savemore on July 04, 2017, 12:44:12 AM

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

My worst decision is when I sell my some coins and suddenly that coins is pump up and I really regret that because the coin that I hold pump 2x its value. So from now on I hold different coins.

When trading with type holder, the most important factor is patience and calm with any situation. Set target and forget that coin bought, and when a beutiful day, you can see a huge profit from this coin Grin

Savemore

sr. member

Activity: 952

Merit: 274

Quote from: CROYA86 on June 10, 2017, 06:46:06 AM

If I go wrong because it is still new in trading, when I was wrong to see and read the MACD chart should I sell instead of buying, I was buying high prices within 5 minutes direct price dropped dramatically.

How did your trading experience make the worst decisions?

My worst decision is when I sell my some coins and suddenly that coins is pump up and I really regret that because the coin that I hold pump 2x its value. So from now on I hold different coins.

Nicol3

sr. member

Activity: 420

Merit: 250

The worst decision I made was when a friend of mine said that FDLC will pump that week, so here I am trusting him that it'll pump. What I did was I bet most of my money on FDLC (so wrong), then was waiting for until dawn, a day then a day went to two days then it turned into a week and it didn't pump at all it even dumped. So I sold it with no profit, that was one of the worst decisions I did when trading.

Topic: What kind of worst decisions do you take when trading? - page 3. (Read 5266 times)