What's the worst trading decision you've ever made? - page 4.

Kurokyy

full member

Activity: 448

Merit: 100

LETS GO ADAB

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...

When i buy a big value of shitcoin, that was my worst decision i have ever made. At first the value was neutral, no major changes, but as the day goes by, the value keep on decreasing everytime that im checking. Good thing is i already cut my loss before the value of that shitcoin will totally be worthless.

waywethe

newbie

Activity: 112

Merit: 0

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 stupid decision was to sell XRP too early, when the price of XRP was 0.2. If I'm calm then I haved a lot of money

EugeneReigns

jr. member

Activity: 196

Merit: 1

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The worst trading experience for me took place at the end of January when I bought Verge for almost 0,10$. Everything seemed to predict its growth: the news, the future events planned for this coin and the several days of price fall. But exactly after my purchase of Verge, the market started a huge correction that lasted the whole week. Verge's price dumped to 0,056$. After the correction, all the coins started to recover to their initial prices but Verge was moving to slow. Already then I decided to sell as soon as it reaches the price for which I bought it. But the Verge never reached this price. After reaching 0,08$/XVG, started a new wave of correction, and after that one, a set of other corrections, and the Verge was devastated.
Now its price is approximately 0,031$-0,036$, and it can't grow higher. That is my worst investment so far. The only good thing is that I stick to my strategy and don't invest too much in a single coin.
So, beware guys, don't put everything in one asset. Better slower movement but the right moving forward.

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: sudnokpok on March 21, 2018, 03:47:38 AM

The worst thing I ever did was sell my bitcoin at a very cheap price I had a huge loss. My mental and emotional level is an important part of taking every decision.

It's true - the ability to take emotion out of trading is paramount to being a successful trader. It's definitely easier said than done, though. Hell, even hodling can be hard when the market dives!

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: kolega on March 15, 2018, 08:25:58 AM

When I started trading, I tried to do it on 5 and 15 minute candlesticks on the chart.
Tried to catch the top and bottom, resulting in losses

Ah, we've all been there, dude - they say that trying to catch the bottom is like trying to catch a falling dagger. I never knew what that meant until I tried to do it myself lol

reganvegan

newbie

Activity: 52

Merit: 0

Quote from: rhodelmabanal on March 13, 2018, 03:57:43 AM

When I see to it that most of the time when everyone has the knowledge in trading, you keep in trusting him and give your ETH and Private Key to hold the wallet. I was being fooled already and it seems that the coins are in the wallet already. It is a biggest decision that I've ever made and the biggest lesson that I've ever learned.

Oh, no! Was it someone you knew? Or someone you met through crypto that was only pretending to be your friend? That sucks, dude Angry

sudnokpok

full member

Activity: 406

Merit: 106

The worst thing I ever did was sell my bitcoin at a very cheap price I had a huge loss. My mental and emotional level is an important part of taking every decision.

kolega

member

Activity: 294

Merit: 11

When I started trading, I tried to do it on 5 and 15 minute candlesticks on the chart.
Tried to catch the top and bottom, resulting in losses

BobBct

sr. member

Activity: 616

Merit: 250

I think it would be i have to much greed in trading so i buy more when it's high hopping to it pumps but that's not likely in the market especially after the pump there will be a correction and because i am impatient i didn't wait for the correction to happen.

Hillthy

newbie

Activity: 229

Merit: 0

My bad decision was the impatience to buy bitcoin in January this year when the market was not flushed out like it is right now. When I witnessed a terrible growth of bitcoin in 2017. But I will continue to invest more bitcoin at this time. I will definitely hold it and keep waiting for the upward oscillation.

bullet007

newbie

Activity: 64

Merit: 0

The worst decision was to contact this crypto market in general and start trading without proper educational training.

darkr

full member

Activity: 546

Merit: 100

Quote from: Kiweikoo on March 05, 2018, 12:18:52 AM

Quote from: reganvegan on February 26, 2018, 02:01:16 AM

Quote from: JainaVsUther on February 24, 2018, 02:28:11 AM

Exiting ETH at $300 thinking that was the peak, after buying in at $120.

To be fair, it was sitting at $300 for aaaaaaaages. Still, I reckon it's got a long way to go before we see ETH's peak...

Lol. No one could have even imagined last year, that Ether will even go further, but at some point anyway, the indicators started turning long and those who were smart enough as traders to see it, did and good thing it came in handy for the profit.

I have made trading decisions similar to this, but I have never regretted them, but sometimes as long as the trade is not hitting my stop loss or giving me some huge bearish signals, I really do not bother myself about it.

True, if you start to regret, you waste your time, which is the money as well. That is why I just remember about all mistakes that were made and go ahead.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Worst decision is not believing that altcoins should someday reach new heights so I dump everything in June. 6 months forward specially in December almost all alts have been pumped hard so hard that almost all of them have reach all-time-highs. Sadly though I sold off everything and I should have made a lot of money during the December rush.

And then joining ICO, holds token which drop and I keep on holding and believing that it has the potential to increase overtime. However, its not the case because it has no value at all.

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: UneducatedChild on March 13, 2018, 03:58:23 AM

Selling when it wasn't the time, and I made this mistake many times before holding til the correct time.

This is often advised here as well that don’t come in practical world until you don’t know the basic information and studies. There is big difference in theory and practical. But if you are equipped with handsome knowledge set, chances are there for your improvement. But if you are zero and you are much passionate to come here, results would be of like yours. Learn first and then practice them.

bit-freedom

sr. member

Activity: 658

Merit: 256

My worst trading decision is to underestimating the projects. I ever sold some coins early when there are 200 to 300% gains, but the coins went 2000%.

coolws

member

Activity: 126

Merit: 20

One of the worst trading decision is that I didn't follow my friends' advice. He told me that the end of 2017 the price of bitcoin would decrease, I didn't sell any of bitcoin because I think bitcoin would never reach $7k and full of greedy in my inner world. Unluckily, it happened as we see.

Granxis

hero member

Activity: 1400

Merit: 536

My biggest mistake 3 years ago, I sold all Bitcoin investment, I think it was a psychological period. I knew Bitcoin early, but in 2015 I sold my entire investment with a momentary nervous breakdown. Then I started to buy crypto moneys again.

cryptosunn

newbie

Activity: 7

Merit: 0

Once I hold a coin for months(XRP). It was declining day by day. At that time I needed to sell some coin to invest in one ICO. So I have decided to sell 75% of this coin(XRP). In about a week XRP went up like crazy :/

Mystika

member

Activity: 134

Merit: 10

Quote from: vijendra singh on January 09, 2018, 04:55:31 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.

I also do that, when i was trading and i didn’t monitor, it was too low that i thought it will go up again, but the flow gets slower, it even stop so i have to hold my account until it gets high again. Now its is almost three months but still the market is sleeping so I have to wait.

mininglegend1234

member

Activity: 154

Merit: 20

Quote from: rhodelmabanal on March 13, 2018, 03:57:43 AM

When I see to it that most of the time when everyone has the knowledge in trading, you keep in trusting him and give your ETH and Private Key to hold the wallet. I was being fooled already and it seems that the coins are in the wallet already. It is a biggest decision that I've ever made and the biggest lesson that I've ever learned.

My experience is not on one but there are several coins which i used to trade to increase my amount of btc i make profit but the mistake i made was selling it immediately after reaching my goal , what i realised now is it's better to put stop loss rather than selling it away because you could easily make more profit or control your loss.

Topic: What's the worst trading decision you've ever made? - page 4. (Read 1435 times)