Topic: You can go wrong! - page 25. (Read 4214 times)
Let go wrong because the life allow. The most important after we go wrong, what can we learn from them? If not, we are forever losers. Be confident on ourself
never panic in any situation, for example, when the price drops drastically, hold and do not panic, because the price of the coin in the market will soon come back again. and make sure you are looking for more information, as there are many scams and failures.
If we learn from our mistakes, what words of caution would you like to share.
Do not regret your decision, even the most powerful investors make mistakes. Learn from mistakes and be prepared, tomorrow the market is still there. 
Handling our greed is the most important function of any trader. Don't let your greed take hold of you, rather use your greed to your advantage . Let it take you to the land where only the brave can thread!
Learn from experience to improve ourselves in terms of investment. all that takes time and also learning to be able to get big enough results. nothing is instant here. all there is a time
If we learn from our mistakes, what words of caution would you like to share.
Determine your investment goals from the beginning, and strive to stick to that goal. And be patient, sometimes we win, sometimes we learn. I'm new to cryptography, I do not have experience, and I do not understand - you say, keep a coin, but its price may fall, and I'll stay without anything, I need experience to understand when it's more profitable to sell a coin.
Just define several take profit levels and keep you strategy on. For e.g. sell on each +25% level and on around level 3 you will be with your initial buy amount and some amount in traded asset.
I'm new to cryptography, I do not have experience, and I do not understand - you say, keep a coin, but its price may fall, and I'll stay without anything, I need experience to understand when it's more profitable to sell a coin.
Just define several take profit levels and keep you strategy on. For e.g. sell on each +25% level and on around level 3 you will be with your initial buy amount and some amount in traded asset.
I'm new to cryptography, I do not have experience, and I do not understand - you say, keep a coin, but its price may fall, and I'll stay without anything, I need experience to understand when it's more profitable to sell a coin.
If we learn from our mistakes, what words of caution would you like to share.
The only words that I'm going to share for those are saying they didn't earn much money through Signature Bounty Campaigns is:
- don't sell your bounty stake tokens when it hit the Crypto Markets right away because giving them the chance to pump will offer us a lot of opportunities.
- don't quit your job (if you have one) because I choose to hold my Crypto Assets because my salary is sufficient on supporting my family's daily basic needs.
- don't rush on day trading if you don't have good experiences and higher capital so that you'll never lose your Crypto Assets.
- Crypto Market is volatile, be sure you enjoy your Crypto Earnings though your hard work. Use it as your reward to self at least 5%-10% of it.
I would lik to reiterate this post as I myself follow the same learnings myself.
It is always great to reward yourself a few percentage of your earnings at a time. Enjoy the fuits of your labor.
And never ever quit your job.
I knew of some who did, personal friends and even cousins, I just pray and wish them all the best
If we learn from our mistakes, what words of caution would you like to share.
The only words that I'm going to share for those are saying they didn't earn much money through Signature Bounty Campaigns is:
- don't sell your bounty stake tokens when it hit the Crypto Markets right away because giving them the chance to pump will offer us a lot of opportunities.
- don't quit your job (if you have one) because I choose to hold my Crypto Assets because my salary is sufficient on supporting my family's daily basic needs.
- don't rush on day trading if you don't have good experiences and higher capital so that you'll never lose your Crypto Assets.
- Crypto Market is volatile, be sure you enjoy your Crypto Earnings though your hard work. Use it as your reward to self at least 5%-10% of it.
Yes you have a point but not all that you gain tokens from the bounty campaign are worth it to hold because there are coins that first release and in a high price there's a chance that it may suddenly fall.
Yes, no one is perfect,mistakes are bound to happen. The most important thing to take note is that whenever mistakes occur, you have a lesson or two to learn from it and shoild be able to correct ourselves to avoid the same occurrence. In cryptocurrency world, we should be extra careful because there are so many ICOs and we need to take enough time to go through the details and find out more details about it before jumping into it.
Do not panic too much for falling crypto prices, keep patience and hold the crypto coins you have, the market will definitely change and the price will definitely improve again.
If we learn from our mistakes, what words of caution would you like to share.
you never need to sell the currency when it first falls, good currencies are always growing, and sometimes even a few times !!!
Main is PATIENCE and HODL. I used to have more than 32k of XVG last November and I sold it on the 2nd day of December for a very cheap amount. After a few days, the price suddenly pump and if I didn't sold it immediately, I should get $10k on its peak. Lessons learned. I need to have tons of patience in this industry for my investments to be profitable.
It happens with almost all of us. As long as we HODL a coin its down and out, it starts upward journey as soon as we sell that coin. It's a normal perception developed in the minds of investors. HODL is a strategy that is difficult to master, you really need strong nerves for that.
Being patient can take us to success. Losers are those who could not wait and are too eager to win. So they are forced to sell even if at loss. In investment we should have spare money and we should not touch our emergency funds.
I would like to share that whenever you participate in a bounty or invest in tokens, always know that you can lose everything. It's not a horror story or a warning. Just even the most successful project can be closed for no reason. So never think "100% option" such a not case in this sphere.
Do not panic in any situations, you may even forget about your investment for not redeeming the loss. Unfortunately, I have lost a lot because I was in panic all of the time. as probably any newbie does.
Make decisions rationally, here's what I can select. Too many people try to approach the process too emotionally, and are losing their assets to it.
When you are trading you need to leave your emotions behind, you do need to be able to think rationally, and you need to be very cold if you take decisions based on what you are feeling or some kind of premonition you are sure to lose money on the long term you must rely on technical analysis and on watching the news to try to predict how the price is going to move.that is difficult and we need to learn and practice to manage our emotions and not all traders can do this. and if we can manage the emotions, then no matter how bad the market is, we don't get panic and we can make a decision although it is just to prevent to get a bigger loss and it still worth to us. besides learning about manage the emotions, we still need to learn about how to make the analysis of the coin so we can use the analysis to make a decision.
I agree with you, we need to learn more hard than any else so we can be familiar and we can master the trading itself. but the experience will teach us about controlling the emotion because this is what I've learned so far. with doing so many mistakes in my past, I think it will be helpful for me to learn from my mistake so I can grow my trading style and even I can make the profit. and if we can do this, I am sure that in the future, we can easily to handle our emotion and become panic.
Make decisions rationally, here's what I can select. Too many people try to approach the process too emotionally, and are losing their assets to it.
When you are trading you need to leave your emotions behind, you do need to be able to think rationally, and you need to be very cold if you take decisions based on what you are feeling or some kind of premonition you are sure to lose money on the long term you must rely on technical analysis and on watching the news to try to predict how the price is going to move.that is difficult and we need to learn and practice to manage our emotions and not all traders can do this. and if we can manage the emotions, then no matter how bad the market is, we don't get panic and we can make a decision although it is just to prevent to get a bigger loss and it still worth to us. besides learning about manage the emotions, we still need to learn about how to make the analysis of the coin so we can use the analysis to make a decision.
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