What kind of worst decisions do you take when trading? - page 4.

john2231

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Quote from: iram3130 on July 03, 2017, 11:30:39 AM

The worst decision I made is to invest in ICO's. Some of them have me profit but loss is more than what I have earned from them so I have made a decision of not investing in ICO's until it is backed up by a good community and has a future.

This is exactly what i experience buying ICO's gaining good profit but in the end losing a lot in ICO's that is why i stop investing in new altcoin because i think they are just the same as pyramid scheme.. and some of the other ICO are just use just to pump the price of other altcoin..
So for now i changed my strategy i am now choosing the top 20 altcoin where those coin can stay for too long and you can be still holding them for a long time and wait for the price increase back again and gaining a real profit..
The majority of my coins are litecoin xmr ethereum those are the best to me to hold because of the movement of the price even its not fast movement i still waiting for a long time and wait for the price increased before i sell and make profit..

unusualfacts30

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I usually hold it for long term but I have invested in some bad ICO in the past and panic selling is another big one I used to do. You have to control your emotions, trying to fight the market will only exhaust you.

iram3130

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The worst decision I made is to invest in ICO's. Some of them have me profit but loss is more than what I have earned from them so I have made a decision of not investing in ICO's until it is backed up by a good community and has a future.

Potato Chips

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Quote from: amaral1977 on July 03, 2017, 05:10:03 AM

The biggest mistakes are usually tradig blindly without knowladge, almost as gambling and going in in the hype and leaving in the FUD.

You should go in when people are shouting dead coin, and get out when people are saying it will triple on top of a rallie.

Of course sometimes the coin is really dead or the rallie isnt over...but thats i, the market isn´t always predictable.

Thats too vague, everytime people are shouting that this certain coin is dead, no future, gonna dump soon etc. at the same time there are another people who are saying the

exact opposite of it. you can'r know the exact thing they're saying because not everyone has the same goals. maybe they wanted the coin to drop so they can buy more, maybe

they are just trolling and lastly maybe they wanted the coins price to go up.

the right thing to do is to be updated on what's happening in other words to gain knowledge like what you have said. think before you act.

amaral1977

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The biggest mistakes are usually tradig blindly without knowladge, almost as gambling and going in in the hype and leaving in the FUD.

You should go in when people are shouting dead coin, and get out when people are saying it will triple on top of a rallie.

Of course sometimes the coin is really dead or the rallie isnt over...but thats i, the market isn´t always predictable.

Ayiranorea

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Quote from: mattermaster on July 02, 2017, 07:17:10 AM

Whenever we commit to sell our available bitcoin funds, we usually think that the value of Bitcoin will raise more.
This perception often stops is to sell and soonafter we hopelessly see its value going beyond our expectations!
That actually is called a worst decision

But the same won't be happening all the time. Because you itself think in a better way about the same. At some point you thought of selling and made it, but the fortune took place and price moved forward and if the price has gone downwards then you'll say you're unlucky. This doesn't look to be a mistake, these are one form of luck.

mattermaster

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Whenever we commit to sell our available bitcoin funds, we usually think that the value of Bitcoin will raise more.
This perception often stops is to sell and soonafter we hopelessly see its value going beyond our expectations!
That actually is called a worst decision

Question123

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I have a lot of worst decision I made in trading . Like before I buy cionz last few years ago. The price is less than 5 satoshi and after few hours my money lose and other also. But After many failure they have success . I suggest before buying altcoin make sure ou will make a lot of research first so you can the coin you want to buy have potential to increase or not. And also selling altcoin so you can know also the coin you want to sell have increase more.

gabmen

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Quote from: xFiber on July 01, 2017, 11:07:07 AM

A mistake I make on a regular basis is looking for trades when I have money available. If I have some btc in my trading balance I tend to look for trades just for the sake of it rather than making a rational decision.

I'm not sure about what you're tryong to point out dude. Trading involves making rational and calculated decisions. I don't know you considering making trades as a mistake but definitely if you know what you're doing you'll be making good profits

xFiber

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A mistake I make on a regular basis is looking for trades when I have money available. If I have some btc in my trading balance I tend to look for trades just for the sake of it rather than making a rational decision.

Armando

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Quote from: harizen on June 27, 2017, 06:26:47 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

yoonah

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My worst decision I take when trading is when I see a coin I just bought dump to 20% I panic right away and then sell it after how many days it bounce back to the price I bought it.

decoder88

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Quote from: CROYA86 on June 10, 2017, 05:46:06 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 selling the ICO I invested at cheap price. It multiplies by three times and I regret it. Fortunately, i have recovered from that loss from the other currency I invested.

Ucy

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Shorting when the market is going against me and buying after a pump, my two biggest mistakes. I learned my lessons already.

Japinat

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Quote from: hase0278 on June 29, 2017, 10:49:15 PM

The worst decision that I have made when I was still trading without ever looking on a coin's roadmap and more a year ago is buying a shitcoin that was pumped to 10 satoshi from 1 satoshi then it have gone back to 1 satoshi overnight leaving me being unable to sell it. I am still holding that particular coin right now unable to sell it just because many are also holding creating a sell wall at 1 satoshi. I have made no profit and lost all the money I invested on it.

It teaches us some lessons and I hope on your experience you learned, actually when we are just newbie we are so aggressive because we like to have the success of some traders and since there are a lot of coins that are available here we might be tempted to jump on a highly volatile to get the best profit.
Sadly, not all the time we have what we expected, sometimes we lose and sometimes we win but what matters is our goal is for long term and we learned.

sweetbet

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Not researching a coin enough before jumping in and buying it, at a not-so-great a price.

hase0278

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The worst decision that I have made when I was still trading without ever looking on a coin's roadmap and more a year ago is buying a shitcoin that was pumped to 10 satoshi from 1 satoshi then it have gone back to 1 satoshi overnight leaving me being unable to sell it. I am still holding that particular coin right now unable to sell it just because many are also holding creating a sell wall at 1 satoshi. I have made no profit and lost all the money I invested on it.

The_Dark_Knight

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Quote from: stomachgrowls on June 22, 2017, 08:26:43 AM

Quote from: CROYA86 on June 10, 2017, 05:46:06 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.

ladydark

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Quote from: CROYA86 on June 10, 2017, 05:46:06 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?

I have also faced same situations earlier.When i was a new trader,i used to see some altcoins price going very high and due to FOMO,i bought such coins without knowing that it is being pumped and faced sudden fall in price due to dump and i was even unable to put a sell order as the price was falling very fast.At last,i sold such coins for very low price.It must be a great lesson to newbies.

nasipadang

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Quote from: CROYA86 on June 10, 2017, 05:46:06 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?

It ever happened to me too, my worst decision is when there is a good signal and want to take action but not any balance on the exchanger site, when it was being moved to another exchanger site and on that site there's no it's altcoin

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