What's the worst trading decision you've ever made? - page 14.

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: pungopete468 on January 13, 2018, 06:52:57 PM

My worst decision in trading was not buying ETH when the price was too low in the past and I never thought that it will go above $1k in such a quick time and if I would have bought ETH at that time then right now I would be enjoying huge profits and that regret will always be in my mind and now I don't think that its price will crash as its moving higher and higher and can even touch $1500 price in coming days and if it falls below $1k then this time I won't miss the opportunity of buying it.

A lot of us missed the boat on that one. What was it trading at when you were looking at it?

J. Cooper

full member

Activity: 294

Merit: 125

Alea iacta est

I haven't really made any bad decisions that drastically affected me in an extremely negative way. I did however lock myself in a long term trade that went - 70% really quickly, but recovering as of recently (down only 45% atm). The worst mistakes are probably holding for a long time but selling early (right before massive pumps.

Crytptohack

member

Activity: 126

Merit: 15

HodL!

Probably selling LTC when it was $40 after a few bucks profit... Learned quickly that these markets do not trade like the conventional markets.

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: preditor422 on January 16, 2018, 02:24:40 PM

For me the worst trading decision i have made was to blindly followed my friend instincts and didn't even bother to question him once.He kept on investing money and i kept on trusting on him and one day market crashed and whole money was ZERO.When i checked where he had invested,i found that this fool has invested whole money in one coin which has already crossed his past limit.I was so shocked and depress that it took me a week to recover.

Damn, that's rough! So irresponsible of him! Are you guys still buddies?

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: dankJ on January 16, 2018, 02:35:44 PM

lol...not buying bitcoin when they went online in 2009 for pennies

Was it actually on your radar at that point?

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: grim66 on January 16, 2018, 02:51:19 PM

Quote from: reganvegan on January 09, 2018, 05:16:56 AM

We always hear people posting about their awesome trades and/or gains but very rarely hear about the stupid things that people do. With that in mind, let's hear the biggest brainfarts you've had while trading crypto...

Well there's been a fair few rushed trades which have resulted in typos and buying at a much higher price than intended, I wouldn't say they're decisions though. Recently I wanted to stoploss a coin and bittrex being a pile of crap wouldn't let me sell for a few minutes because they were overloaded and I couldn't log in. After that I had missed my stoploss price and it dropped a further 5% or so and I thought 'oh it's too late now', well since then it's dropped a further 50% and now I'm bag holding like an idiot.

Do you mind me asking what coin this was?

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: reganvegan on January 16, 2018, 11:05:54 PM

Quote from: Xenrise on January 16, 2018, 02:57:39 PM

The worst trading decision I ever made was I traded Adex at the first wave of the pump. It is so sad that I traded Adex at that point. That was last year, I remembered that a btc is only worth 3000 usd that time. I traded it and obtained .19 BTC. And if I waited for just a day. JUST A DAY, and I should've had .44 BTC. Sadly, that's why I valued hodling. THat is probably the best thing to do in order for you to profit a lot.

Agreed - after a few attempts at day trading, I'm now a member of the Hodl Army

I totally agree. On a similar note, my friend got the Adex FOMO hard and bought at the top of its ATH lol. He's been holding and looking to offload ever since...

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: vudeptraihpv on January 16, 2018, 11:22:59 PM

Quote from: reganvegan on January 09, 2018, 05:16:56 AM

We always hear people posting about their awesome trades and/or gains but very rarely hear about the stupid things that people do. With that in mind, let's hear the biggest brainfarts you've had while trading crypto...

My biggest mistake was "top buy, sell bottoms"
In 2 days I lost 50% of my property

Damn, that's so brutal. I hope you've recovered your losses...

vudeptraihpv

member

Activity: 154

Merit: 10

Quote from: reganvegan on January 09, 2018, 05:16:56 AM

We always hear people posting about their awesome trades and/or gains but very rarely hear about the stupid things that people do. With that in mind, let's hear the biggest brainfarts you've had while trading crypto...

My biggest mistake was "top buy, sell bottoms"
In 2 days I lost 50% of my property

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: Xenrise on January 16, 2018, 02:57:39 PM

The worst trading decision I ever made was I traded Adex at the first wave of the pump. It is so sad that I traded Adex at that point. That was last year, I remembered that a btc is only worth 3000 usd that time. I traded it and obtained .19 BTC. And if I waited for just a day. JUST A DAY, and I should've had .44 BTC. Sadly, that's why I valued hodling. THat is probably the best thing to do in order for you to profit a lot.

Agreed - after a few attempts at day trading, I'm now a member of the Hodl Army

Xenrise

sr. member

Activity: 672

Merit: 251

The worst trading decision I ever made was I traded Adex at the first wave of the pump. It is so sad that I traded Adex at that point. That was last year, I remembered that a btc is only worth 3000 usd that time. I traded it and obtained .19 BTC. And if I waited for just a day. JUST A DAY, and I should've had .44 BTC. Sadly, that's why I valued hodling. THat is probably the best thing to do in order for you to profit a lot.

grim66

newbie

Activity: 18

Merit: 0

Quote from: reganvegan on January 09, 2018, 05:16:56 AM

We always hear people posting about their awesome trades and/or gains but very rarely hear about the stupid things that people do. With that in mind, let's hear the biggest brainfarts you've had while trading crypto...

Well there's been a fair few rushed trades which have resulted in typos and buying at a much higher price than intended, I wouldn't say they're decisions though. Recently I wanted to stoploss a coin and bittrex being a pile of crap wouldn't let me sell for a few minutes because they were overloaded and I couldn't log in. After that I had missed my stoploss price and it dropped a further 5% or so and I thought 'oh it's too late now', well since then it's dropped a further 50% and now I'm bag holding like an idiot.

dankJ

newbie

Activity: 16

Merit: 0

lol...not buying bitcoin when they went online in 2009 for pennies

preditor422

jr. member

Activity: 86

Merit: 1

For me the worst trading decision i have made was to blindly followed my friend instincts and didn't even bother to question him once.He kept on investing money and i kept on trusting on him and one day market crashed and whole money was ZERO.When i checked where he had invested,i found that this fool has invested whole money in one coin which has already crossed his past limit.I was so shocked and depress that it took me a week to recover.

rodskee

full member

Activity: 2408

Merit: 202

Quote from: reganvegan on January 09, 2018, 05:16:56 AM

We always hear people posting about their awesome trades and/or gains but very rarely hear about the stupid things that people do. With that in mind, let's hear the biggest brainfarts you've had while trading crypto...

My very worst for my trading job i'm panicking for my investment I can't control myself and my emotions i sell my coins into lower prices and i lost more than 30 percent of my investment i don't know if you beleive my story after 2 days the coins pumping the price in the marketplace more than my expectations.
Thats the worst experience for mind and also that is my lesson how to become great trader to avoid losses.

pungopete468

hero member

Activity: 1470

Merit: 504

My worst decision in trading was not buying ETH when the price was too low in the past and I never thought that it will go above $1k in such a quick time and if I would have bought ETH at that time then right now I would be enjoying huge profits and that regret will always be in my mind and now I don't think that its price will crash as its moving higher and higher and can even touch $1500 price in coming days and if it falls below $1k then this time I won't miss the opportunity of buying it.

cybersofts

copper member

Activity: 658

Merit: 284

Quote from: reganvegan on January 09, 2018, 05:16:56 AM

We always hear people posting about their awesome trades and/or gains but very rarely hear about the stupid things that people do. With that in mind, let's hear the biggest brainfarts you've had while trading crypto...

For me, the worst trading the decision I made was in late November where I sold my STOX tokens for $0.566 each because their value in not growing to the level I want and yesterday I saw STOX was selling at about $1.5 each. I said to myself - shoot! is that STOX am I seeing or another coins with the same name.

CantIdentify

newbie

Activity: 70

Merit: 0

That I only used ONE website to keep me updated about all the news :/ dammit!!! why did i do that? sorry it makes me a bit angry when im thinking about it
now I have tons of tg channels that I follow
Also stuff like the merkle, coinjournal, cointelegraph. youtube channels too. actually cointelegraph has a very cool one and it's hilarious
so yeah.. not making the same mistake again.

ledinasaliasi

member

Activity: 280

Merit: 11

usually the worst decision i made from trading is making the order to sell too slow when the price drop too much, that really has made me lost so much money, however i will say that is unavoidable decision because we must all loose money when deciding to sell to cut losses.

nikjain422

member

Activity: 126

Merit: 10

When i started trading,i thought it would be just like the local trading like share market or mutual funds but that was my first mistake.I started with coins which i thought they are because my thinking was they are new people will invest in it as their prices are low and this will spike the prices up but i was wrong people invest their money by checking the quality of coins rather than it's prices.I lost whole of my investment with that and than i started from beginning now i am happy with my trading skills.

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