What's the worst trading decision you've ever made? - page 16.

biboy

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

Quote from: reganvegan on January 09, 2018, 04:16:56 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

Sorry to hear that though I've been to that as well, when I am saving my bitcoin in my wallet and withdraw it after the price became $10k then, suddenly the price goes up to a $20k in just a short period of time, that was my worst nightmare so far that I did not listen to the prediction and advice of other people.

maianh09

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Quote from: reganvegan on January 09, 2018, 04:16:56 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

DrGuns4Hands

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Activity: 910

Merit: 550

It was when i bought a lot of coins and after that the price of it keeps dropping and dropping to the extent where the price of it is lower than when i bought it but i kept my patience still and waited for months but nothing happen Sad

(

reganvegan

newbie

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Quote from: man22555 on January 09, 2018, 05:17:50 AM

Got two of them!

1) Buying Stratis on its all-time-high back in June and dumping it some weeks later with a nice loss.
2) and way more disturbing: Buying Ripple in August at about 0.2$, holding them patiently until the beginning of December and then selling them at 0.26$ (yeah, a little profit). Regretting 48 hours later. And what a regret. 10k ripple wasted Roll Eyes

That's pretty brutal. Ah well, at least you don't have Ripple anymore Wink

desi92

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Quote from: Rayner77 on January 09, 2018, 04:43:31 AM

The worst ever situation I've experienced was when my #1 coin was crashing low, even lower than my buy levels and I just kept holding for months while crying every time I looked at my port. I ended up cutting my losses a year later which was a lot of time wasted.

I think thats not your fault when you try to hold it for longer because we know that by holding we will get profit. Just need to be patient. But like your story, the reality and the theory are very different. I think holding is only worth to top altcoin only.

VclDm

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Activity: 392

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Quote from: reganvegan on January 09, 2018, 08:09:10 AM

Quote from: ralle14 on January 09, 2018, 07:57:15 AM

Bought 1 Eth 2 years ago and sold it after the price went down by more than 10% then the next day the price immediately recovered. Eth was still cheap back then so it's not a big deal for me anymore and that experience helped me to be more disciplined every time the price goes down.

Sounds like a small price to pay for some valuable knowledge...

I bought a presale monk at a price of around $ 1, then Monk on the Cryptopia a for $ 7, I did not sell that hold it. Then Monk dropped below $ 1 I sold again and now it is $ 12. This is about my worst investment because I did not believe in my own judgment. I have learned many valuable lessons from this failure.

reganvegan

newbie

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Quote from: ralle14 on January 09, 2018, 07:57:15 AM

Bought 1 Eth 2 years ago and sold it after the price went down by more than 10% then the next day the price immediately recovered. Eth was still cheap back then so it's not a big deal for me anymore and that experience helped me to be more disciplined every time the price goes down.

Sounds like a small price to pay for some valuable knowledge...

FredStringbet

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Quote from: man22555 on January 09, 2018, 05:17:50 AM

Got two of them!

1) Buying Stratis on its all-time-high back in June and dumping it some weeks later with a nice loss.
2) and way more disturbing: Buying Ripple in August at about 0.2$, holding them patiently until the beginning of December and then selling them at 0.26$ (yeah, a little profit). Regretting 48 hours later. And what a regret. 10k ripple wasted Roll Eyes

I did the exact same with ripple. Sad

hahay

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: reganvegan on January 09, 2018, 04:16:56 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...

As usual, the worst decision when trading is buying at high prices and selling at low prices, it is a very bad decision I have ever experienced in dogecoin trading. Until now I am very careful to trade so as not to repeat the same mistakes.

haroldtee

sr. member

Activity: 644

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The worst I have ever made in my life was during forex trading. I thought I could do it all by myself, pick a price beneath, sell high, blah blah... This made me to attach emotion into my trading, and most times, either I panic or I just ended up getting greedy and losing out totally. But it is all part of the lesson, and afterwards, when I understood that I cannot do without learning, I got better and that is totally helping me right now even in the world of crypto with a lot of opportunities that abound.

ralle14

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Bought 1 Eth 2 years ago and sold it after the price went down by more than 10% then the next day the price immediately recovered. Eth was still cheap back then so it's not a big deal for me anymore and that experience helped me to be more disciplined every time the price goes down.

Tynovten_

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Activity: 420

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it's like all the same when you rush to sell but few minutes later the price change. so panic and something i want to crunch myself when it happens. lol

harizen

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If you did some dump because you need money urgently then don't take it as worst trading decision. Money can earned anytime and you can get back again anytime to the ball game.

Also if you hold coins and sold it (thinking that's a good price to dump) then the value of it rise after, that isn't also a worst trading decision since you got profit in the end. It's just that, it's not that much because of lack of patience but still at the end, there's a profit. Regrets indeed but not a mistake.

Now that anyone have an experienced like that then take that as reference for more successful decision in our future trades.

reganvegan

newbie

Activity: 52

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Quote from: Anphonsus on January 09, 2018, 05:02:03 AM

Selling KCS at 5$, thinking I've made a good profit... Regret comes within 24 hours.

I'll take that screw up and raise ya - I bought in at about 90c and sold em at about 80c cos I got impatient and wanted to buy a different coin!

pawanjain

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Nothing lasts forever

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.

chiggz

sr. member

Activity: 434

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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.

man22555

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Got two of them!

1) Buying Stratis on its all-time-high back in June and dumping it some weeks later with a nice loss.
2) and way more disturbing: Buying Ripple in August at about 0.2$, holding them patiently until the beginning of December and then selling them at 0.26$ (yeah, a little profit). Regretting 48 hours later. And what a regret. 10k ripple wasted Roll Eyes

Anphonsus

member

Activity: 70

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Selling KCS at 5$, thinking I've made a good profit... Regret comes within 24 hours.

vijendra singh

newbie

Activity: 148

Merit: 0

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.

Rayner77

newbie

Activity: 84

Merit: 0

The worst ever situation I've experienced was when my #1 coin was crashing low, even lower than my buy levels and I just kept holding for months while crying every time I looked at my port. I ended up cutting my losses a year later which was a lot of time wasted.

Topic: What's the worst trading decision you've ever made? - page 16. (Read 1435 times)