What's the worst trading decision you've ever made? - page 15.

reganvegan

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Quote from: mrtryonebiggums on January 09, 2018, 09:50:03 PM

Watching the graph everyday of a coin that was going down and then finally I caved and gave in to selling it for 50% loss. Little did I know that a few days later it would pump for 100% gain meaning if I was patient I would have gotten all my funds back. Lesson learned the ones that hurt like this are the best lessons despite how much they suck, long term I will benefit from it.

Good attitude. I did the same with a coin - bought it for 2c, it went down to .6c so I sold and cut my losses. Today it stands at 8c! Still, that was about a year ago and the money I got from selling it, I've put into other coins that have made money so not toooooo big of a loss. And yeah, a good lesson learned haha

mrtryonebiggums

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Revolutionized Rotating Savings & Borrowings

Watching the graph everyday of a coin that was going down and then finally I caved and gave in to selling it for 50% loss. Little did I know that a few days later it would pump for 100% gain meaning if I was patient I would have gotten all my funds back. Lesson learned the ones that hurt like this are the best lessons despite how much they suck, long term I will benefit from it.

miyong

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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...

Selling all of my alts when it is at the lowest price because I am afraid that I may lost everything that I have. That is the worst thing that I made during my early days in trading.

richardsNY

legendary

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I have made a few stupid decisions in regards to trading. The first is that I tried to do arbitrage trading between 2 exchanges, where I bought a shitcoin on one exchange, to sell it at the other, but when I was about to deposit the coin in the exchange I was plan to sell it at, the wallet was under maintenance, lolz. If I did the effort to check first if everything was all right, I would have seen the maintenance warning. Second mistake is that I bought a certain altcoin, and quite a few of them it were, while I was looking to execute a sell order. It shows that it isn't a good thing to trade when you're half asleep.... All these are 2015'ish mistakes.

orions.belt19

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Quote from: chiggz on January 09, 2018, 08:18:44 AM

Bought BCH coin during the pump and dump. Converted my BTC to BCH during high price and suddenly the price fell and lot a of 100s. Since B2X fork was called off many people started acclaiming BCH would overtake BTC and BTC is going to die and blah blah. Never listen to such moron. Do your own research and go by your gut feeling. Since I was a noobie back then I have leanrt how the market works now.

There were a lot that were affected by the BCH pump and dump, and noobs who lost a lot of money because they fell for the FUDs. Although there were those who were smart enough to ride the pump and dump and were able to profit, there were those who got lost because they simply followed the trend.

In fact, there are really a lot who fall for FUDs, especially if they're new in the trading scene. It's still best to determine for yourself instead relying on what you hear and what other people say. Never believe in everything you hear instantly.

reganvegan

newbie

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Quote from: pawanjain on January 09, 2018, 08:24:11 AM

I would be one among the top idiots to loose a trade on the spot. It was during the beginning days of my trading journey when I didn't even what trading actually was. Yes I traded despite knowing about it. That was the first mistake I did. I should have learnt what trading is and then started it.
Another mistake was taking part in pump and dumps through telegram channels. Let's be honest, every trader would have been in a pump and dump at some point of time. For me it was during my initial stage of trading. Selling in loss was the biggest mistake I did. And the funny thing is I repeated the same mistake again and again. I lost almost 75% of my initial investment during those days and then I took a break from trading.

My mate takes part in pump-n-dumps through Telegram channels. He reckons he spins a profit. Why did it go wrong for you?

babygun

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One of my worst decisions was to sell all my BCH at 300$ (mainly because everything said to dump it while you can lol). Wish I waited a little longer to sell it...

reganvegan

newbie

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Quote from: cybersofts on January 09, 2018, 08:34:33 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...

Never put all your money or depend on one coin. there was a time Invested all my money into a coin that turns out to be a disaster for me. Always invest in 3-5 coins minimum that is what recommend in order to stay on top of your game.

Sage advice. Do you mind me asking what the coin was? Also, do you think you can be invested in too many coins? I used to have 12 but it got a bit much to keep track of!

cybersofts

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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...

Never put all your money or depend on one coin. there was a time I invested all my money into a coin that turns out to be a disaster for me. Always invest in 3-5 coins minimum that is what recommend in order to stay on top of the game.

mornabo

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Quote from: maianh09 on January 09, 2018, 10:44:03 AM

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 most erroneous decision is to sell GVT when it costs $ 2.4 and now the GVT price ~ $ 32 I've lost a huge amount: 149 GVT * 32 = $ 4768
This is a terrible thing and this is also the wrong decision I made Cry

sometimes selling early is a bad thing because maybe the potential of that coin is high in the next few days, but sometimes selling early is also a good thing, a few days ago had bought Ignis at an expensive price. I hold it longer the price is going down, Sad

I lost more than $150, that's the worst thing I did in this week, have to cutlose to minimize bigger losses

angaper

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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...

I have done things that apparently could seem stupid, but in reality I only acted according to the information I had available, without knowing what the future would bring for bitcoin. Perhaps due to my training as a Forex trader, I always thought that the behavior of the bitcoin market would be similar to that of traditional markets, so when I saw that the price of bitcoin reached its historic high of around $1,300 last year, I made the decision to sell a large part of my coins, thinking that soon would come a great correction to buy back ... and to this day I'm still waiting.

reganvegan

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Quote from: vijendra singh on January 09, 2018, 05:55:31 AM

My worst decision was to sell bitcoin contracts in panic when it went down 3000 in a single day. i thought it could liquidate but it was too far from liquidation point.

3k in a day is hectic. What did you buy/sell at?

rainmaximo

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E-Commerce For Blockchain Era

I think one of my worst trading decision that Ive been made is to sell all my tokens (my first tokens that ive recieved), yes I sell it in a nice price but after I sell it the price is boom up or it increased double, so lesson learned I should be patiently waiting and believed to the team, and do not sell it if you fill excited because you cant think right. Right now I can say what mistake that ive done before is the lesson for me or I will not do it again anymore.

reganvegan

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Quote from: btc_angela on January 09, 2018, 05:41:28 AM

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...

Of course, not having enough patience to hold and just dumping it when there's a FUD and pushing the sell button right away. That's one of the rookie mistakes I made back then.

And then buying at the top price and being trap and can't get out because you will be taking a lost. But just like anyone here, we went all this stages but the most important thing is you learn from this stupid mistakes and never do it again. Hard price though to pay. Wink

I totally agree. One thing I've been thinking about a bit lately, though: if no one bought a coin at its ATH, it would never go anywhere. I'm not sure that buying at the ATH is always the wrong move if you truly believe in the project and predict big gains in the long term. I've waited for a pullback that never came before

reganvegan

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Quote from: chiggz on January 09, 2018, 08:18:44 AM

Bought BCH coin during the pump and dump. Converted my BTC to BCH during high price and suddenly the price fell and lot a of 100s. Since B2X fork was called off many people started acclaiming BCH would overtake BTC and BTC is going to die and blah blah. Never listen to such moron. Do your own research and go by your gut feeling. Since I was a noobie back then I have leanrt how the market works now.

I've heard of a lot of people who did that: bought BCH when it was high and BTC was low and lost stacks...

reganvegan

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Quote from: gabmen on January 09, 2018, 12:20:15 PM

Most replies here would probably have happened during their early trading days because that's when the biggest mistakes are made. Lack of experience usually plays a big part in this. Personally, it was also during my early trading days that i lost a lot of btcs. Good things it wasn't even close to its current value today or i'll totally go crazy
It's more on letting my emotions and anxiousness getting the better of me when making decisions that's causing losses

Totally agree. I remember all too well the sick feeling in the pit of my stomach when an investment dropped! But I've found that the more I've traded, the more I've gotten used to it...

reganvegan

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Quote from: Jombitt on January 09, 2018, 12:33:19 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...

I always had a bad decision in trading, since i prefer a short time trading in altcoin cryptos than for a long term one. I always buy a coin that comes from a big dump, when it started to dump again like 20% downfall, i decided to cut my loss to avoid big loss. Then after 5 days that coins pump so hard -.- . I always make a bad decision

Maybe you should just get your hodl on?

Jombitt

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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...

I always had a bad decision in trading, since i prefer a short time trading in altcoin cryptos than for a long term one. I always buy a coin that comes from a big dump, when it started to dump again like 20% downfall, i decided to cut my loss to avoid big loss. Then after 5 days that coins pump so hard -.- . I always make a bad decision

gabmen

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Most replies here would probably have happened during their early trading days because that's when the biggest mistakes are made. Lack of experience usually plays a big part in this. Personally, it was also during my early trading days that i lost a lot of btcs. Good things it wasn't even close to its current value today or i'll totally go crazy
It's more on letting my emotions and anxiousness getting the better of me when making decisions that's causing losses

Fayefot

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This reminds me of how stupid I am that I even sell a very good and has a lot of potential coin that I have. I sold half of my hodlings and buy a coin that is by that time mooning then one day the dev of that coin ran away. So disappointed and discouraging. But because of that I learned 1 thing just HODL.:-)

Topic: What's the worst trading decision you've ever made? - page 15. (Read 1402 times)