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Topic: Your bitter-sweet experience in trading that you can't get over. - page 2. (Read 322 times)

hero member
Activity: 2604
Merit: 816
Play Bitcoin PVP Prediction Game
I have had to go through more bad times than good experiences in trading Most of the time I have lost money even though I trade after a lot of due diligence it still remains very risky Most of the projects cannot succeed now and we have to pay for it with money Although I got success few times but lost more money than that I have now reached a point where I am afraid to invest in a really good project out of fear of not investing and regretting it later when the project succeeds.So you have to trade with Ricks, it is not possible to get success without taking Ricks You have to be successful with Ricks by knowing well.
It's okay if you have already lost money on a trade or an investment and are not alone. That means you and we have to study harder so we can gain profits and recover those losses in the future. In trading and investing, there are times of loss and gain. And if we can learn from our previous mistakes, we can trade and invest better. Maybe we did the wrong analysis or chose the wrong coin, so this makes us have to look for information on how to choose the coin or how to analyze it properly. Failure is a delayed success so we should be able to learn more from others.
hero member
Activity: 1176
Merit: 593
When life gets hard BUY Bitcoin!
Buying Luna token when it first dump to 10$ from 100$ hoping it will recover again and the next day it dumps to 0.000xx$. That day quickly gave me a negative 500$ profit for being greedy and at the same time buying tokens without about having a full grasp on the real situation of the project. Until now I still can’t get over on this shit decision of mine.
hero member
Activity: 2072
Merit: 603
When it comes to trading it’s always bad experience for me. Lolz. The thing is I am not able to grasp TA to very professional level. For example, I have always advised peeps to have proper knowledge of TA and FA while making your trades. I am able to do that because I know how fusilier look like when you learn something but you fail in the practical reality. My only bad experience is when I tried to go for multiple coin portfolio to achieve those dream profits. Soon I got the feeling I was shaking while making trades even when I calculated the risk up front. I failed in 1-2 coins and it impacted my decision making process on the other ones thus they failed in sequence as well. I just hope that you will get lesson from this as what to do and what not.
hero member
Activity: 2170
Merit: 530
Anyone who is into trading must have had some ugly experiences and also some good memories that either changed their lives or improved their financial status.We all know trading is risky and can cause emotional trauma if not seen and taken in two ways,either positively or negativily,either you win or you lose.It can be good and at the same time can make you sad.
What are those bad and good experiences you've had ever since you started trading?

My very worst experience is the time that I got my first bitcoin as well. That time everyone went crazy because pumps hard and it is way far to its ATH in the prior years maybe that 2017?  or 2018, I can't remember it well but then it is my first time to have that kind of money and due to my greediness I didn't converted some of my profit to fiat,as much as I get my first bitcoin so fast the faster it took away from me, there's a huge bitcoin dump after few weeks.
legendary
Activity: 1050
Merit: 1018
Hello Leo! You can still win.
Anyone who is into trading must have had some ugly experiences and also some good memories that either changed their lives or improved their financial status.We all know trading is risky and can cause emotional trauma if not seen and taken in two ways,either positively or negativily,either you win or you lose.It can be good and at the same time can make you sad.
What are those bad and good experiences you've had ever since you started trading?

I have never had sweet memories in trading cryptocurrency.
I have only lost a couple of times in cryptocurrency, but my major losses were in forex trading.
I have lost more than I could imagine in forex trading.
It was in forex trading that I lost all my savings and what I could call wealth at that particular time.

Upon all the losses,I was even decieved into buying a trading bolt which I did not know how to manipulate and I ended up losing more and even buying the bolt at a very expensive price because I was a newcomer into the industry.

All my experiences in trading be it crypto trading or forex trading are really nightmare.
hero member
Activity: 1540
Merit: 654
(....)
What are those bad and good experiences you've had ever since you started trading?
Bad is when I started trading I didn't learn basic things like basics analysis on charts, supports and resistance, and risk management. Because I agree that I lost a lot during the early days of my trading but the good thing that I experienced was gaining a lot of lessons.
It's a shame when you start trading not with the basic knowledge you should know. But I believe that by saying that, it means you are aware and by now you probably have some basic knowledge about trading. Lots of people have experience like you, and that's usually done by beginners who come to trade just following the trends or invitations of others, and they enter only to see how other people's profits are getting, so they are full of ambition without sufficient knowledge about this trading .
legendary
Activity: 2422
Merit: 1036
Chancellor on brink of second bailout for banks
Verge X Pornhub partnership.

That was way back 2018, and it's my first time to try trading. I still remember XVG or Verge coin developers telling to the public that they will be partnered with a popular company or website or whatever it is. At that time, the price of Verge started to pump already because of this rumors. I admit I got FOMO'ed at this time since I was a newbie in trading at that time. I bought at near it's peak and when they announced the company that they will be partnering with, the price of XVG dumped immediately and me? I lost half of my money just because of that mistake.
I knew about that pump that was around the time of John McAfee when he pumped altcoins a lot. Correct me if I am wrong and honestly I did not know how that altcoin is in the last bull run as well as now. My guess is it turns to a dead altcoin now.

Back in 2018, John McAfee could pump altcoins with his tweets and I remembered people can spend a lot of time to follow his Twitter around his favorite hours to wait for his tweets.
The pump of XVG with regards to McAfee happened in December of 2017, and you can see it here: LINK
The pump of XVG with regards to Pornhub happened in 2018 as posted here: LINK

I didn't knew TBH that McAfee even attempted to pump that shitcoin at that time (because I was a newbie at that time). It is a dead altcoin now and it has been many years ago. Didn't heard of that coin in the last bull run in 2021. With regards to McAfee in 2018, yes he pumped lots and lots of altcoins and new projects at that time. On the other hand, there are many investors who are patiently waiting for what project he will pump and invest into it. Ending? Most lost their money while few gained thousands from it. RIP to him as well.

After that, I immediately withdrew all of my Bitcoin, and just held it (until now I'm still holding it Cheesy).
You did it right. Bitcoin is a best in bear market and it is a best coin in long term too. Altcoins can make you feel crazy by their massive pumps but if you stick with altcoins, you will lose money easily too.

With Bitcoin, if you can hold, you will get rich.
One of the best decisions I've made.

Aside from the fact that I invested into cryptocurrency, this is probably one of the best decisions I've done all throughout my whole crypto journey. I was a newbie at that time and instead of losing my money doing trading, I just held it and until now I'm still holding it.
jr. member
Activity: 46
Merit: 1
Contact: @Reni_end1
I have had to go through more bad times than good experiences in trading Most of the time I have lost money even though I trade after a lot of due diligence it still remains very risky Most of the projects cannot succeed now and we have to pay for it with money Although I got success few times but lost more money than that I have now reached a point where I am afraid to invest in a really good project out of fear of not investing and regretting it later when the project succeeds.So you have to trade with Ricks, it is not possible to get success without taking Ricks You have to be successful with Ricks by knowing well.
legendary
Activity: 2282
Merit: 1344
Buy/Sell crypto at BestChange
(....)
What are those bad and good experiences you've had ever since you started trading?
Bad is when I started trading I didn't learn basic things like basics analysis on charts, supports and resistance, and risk management. Because I agree that I lost a lot during the early days of my trading but the good thing that I experienced was gaining a lot of lessons.
hero member
Activity: 2660
Merit: 608
Vave.com - Crypto Casino
When I've chosen a shitcoin more than bitcoin but that's when I was still new to crypto by that time. The good thing and I'm just saying it to give myself some appeasement that I'm still doing good is that I didn't trade all bitcoin that I've got.
It tends out that I was wrong and did a mistake by doing that and after that, I've learned that it's a mistake that I shouldn't do again or else I'll be out of this market anymore out of regret and frustration.
legendary
Activity: 2226
Merit: 1049
Leading Crypto Sports Betting & Casino Platform
For me, getting fed up of the bear market back in 2020 ,and selling all my 30 Ethereum coins at the price of $250 each was the biggest mistake of my life, this is because after the sale, 3 months down the line, 2020 bull run started, and by January/February, the price of Ethereum has already crossed $3000 and above, that period, I felt like committing suicide, it was a very bad experience for me that even now, each time I remember this opportunity I missed due to impatient, I feel really bad and regretful in my spirit, like the saying that somethings are better not said, this is one of my experiences I don't like talking or discussing about, but seeing this topic, I decided to share a bit of this here for some other persons to learn from.
 
sr. member
Activity: 2436
Merit: 324
Anyone who is into trading must have had some ugly experiences and also some good memories that either changed their lives or improved their financial status.We all know trading is risky and can cause emotional trauma if not seen and taken in two ways,either positively or negativily,either you win or you lose.It can be good and at the same time can make you sad.
What are those bad and good experiences you've had ever since you started trading?

1.Buy High Sell Low
2. When i do sold my tokens the price pumped even more, when i do hold then it neither dumps hard or moving sideways for long.
3. Even how experienced you are, you could still be that affected by some Fomo and fear.Its inevitable!

Even how many years i've been trading into this market but still i do commit out some newbie mistakes wayback which does really proves out that it isnt really that something
you could be able to avoid even if you wanted to do so.You would really be needing for yourself to sustain so that you would really be able to survive this unpredictable market.
We would be having no choice but to make out some adjustments for us to handle up the situation.
legendary
Activity: 2324
Merit: 1101
I am sure many have this issue but mine was obviously selling Bitcoin and Ethereum way too cheap. Been around since the $200 Bitcoin and $10 Ethereum days and wish I could of not sold any of those coins. Nothing you can do now.

Also I heard about Bitcoin back in 2012 or so. Many trading websites kept talking about how Bitcoin is a scam because it lost -50% in a day due to some hack. And I believed it and stood away from crypto due to that reason.
Many of us had that mate, anyone who has been around to remember those days, we had some bitcoins and we sold it. I could have been a millionaire by now if I kept my coins, I didn't and now I am regretting that chance a bit, not all of it, but I wish I kept just a bit of it. I know that it's a tough period to be in and I know that life is unfair when you see what you have missed.

However, I do not let it keep me down and I work to accumulate more bitcoins, that way I know that I would be doing a lot better, it would allow me to do a lot better anyway. It's quite important to know what you can do and can't change, I try to focus on the things I can do now.
legendary
Activity: 2590
Merit: 1178
It seems that all traders have bad experiences in the market due to price volatility or other bad events. That's all natural because there are always risks related to trading and asset security, but basically everyone can minimize them with the recommended methods on a case by case basis.

Without loss you never know how bitter trading is, and vice versa how sweet it is when you make a profit. I'm not really interested in talking much about the bittersweet experience, it is part of the consequence that has changed my interest from trading to investing.
sr. member
Activity: 2072
Merit: 337
I remember the time when I was only a spectator who used to read the news and watch videos of people making trades or analysis and everything, and I've always just wanted to do it myself but never had the funds to get started. At the same time, I didn't have much knowledge and zero experience, so I was afraid of losing money as well.

But then, after some time, I managed to get together some money and make a budget to start trading, and when I first started, I made some mistakes as a beginner, going behind tokens and coins which are gaining value temporarily without knowing their background or doing any research.

I lost a lot of money at the beginning, but that taught me every lesson that I needed to gain profits later in trading. So I eventually learnt everything and then I started managing my risks and started gaining profits over losses.
hero member
Activity: 2254
Merit: 831
Verge X Pornhub partnership.

That was way back 2018, and it's my first time to try trading. I still remember XVG or Verge coin developers telling to the public that they will be partnered with a popular company or website or whatever it is. At that time, the price of Verge started to pump already because of this rumors. I admit I got FOMO'ed at this time since I was a newbie in trading at that time. I bought at near it's peak and when they announced the company that they will be partnering with, the price of XVG dumped immediately and me? I lost half of my money just because of that mistake.
I knew about that pump that was around the time of John McAfee when he pumped altcoins a lot. Correct me if I am wrong and honestly I did not know how that altcoin is in the last bull run as well as now. My guess is it turns to a dead altcoin now.

Back in 2018, John McAfee could pump altcoins with his tweets and I remembered people can spend a lot of time to follow his Twitter around his favorite hours to wait for his tweets.

Quote
After that, I immediately withdrew all of my Bitcoin, and just held it (until now I'm still holding it Cheesy).
You did it right. Bitcoin is a best in bear market and it is a best coin in long term too. Altcoins can make you feel crazy by their massive pumps but if you stick with altcoins, you will lose money easily too.

With Bitcoin, if you can hold, you will get rich.
hero member
Activity: 2856
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Almost everyone has suffered losses in trading and many have benefitted from trade. It only depends on how well we analyze every coin that we find so that we can use it to trade. But not all people who trade can overcome emotional trauma due to suffering the loss and make them out of the trade without wanting to come back again. But after experiencing a lot of bad and good experiences in trade, we must be able to learn from every experience to improve our ability to analyze to reduce that loss.
sr. member
Activity: 2268
Merit: 275
Best is to make profit of course but the worst part is that if you already cut loss and after an hour the price started to recover and even make its new ATH within a week, so this happen last bull market to me and I’m so depressed at that time since I missed the chance to make profit and lose the money at the same time.

In trading, anything can happen in an instant so the risk are high and this is not advisable if you are still a beginner to trade without proper knowledge.
Something similar happened to me during the 2017 bull run, I invested some money in an altcoin and it did not move at all for a month and I had to close the trade, and then the very next day it skyrocketed and it made a 10x during the next days, and while I did not lost money when that happened you can guess that I was really mad that this happened to me, as if that movement had started just a few hours earlier I could have gotten some profits.
I think you are unlucky about this, because you don't experience losses while you also don't get profits, and interestingly you withdraw assets the day before the coins you hold skyrocket. It must be very painful to see the price skyrocket because you thought it would never happen, so you decided to sell the assets you owned at that time. So luck was not on your side at that time. Indeed, sometimes luck will also be a factor in making us profit or not.
legendary
Activity: 2422
Merit: 1036
Chancellor on brink of second bailout for banks
What are those bad and good experiences you've had ever since you started trading?

Verge X Pornhub partnership.

That was way back 2018, and it's my first time to try trading. I still remember XVG or Verge coin developers telling to the public that they will be partnered with a popular company or website or whatever it is. At that time, the price of Verge started to pump already because of this rumors. I admit I got FOMO'ed at this time since I was a newbie in trading at that time. I bought at near it's peak and when they announced the company that they will be partnering with, the price of XVG dumped immediately and me? I lost half of my money just because of that mistake.

After that, I immediately withdrew all of my Bitcoin, and just held it (until now I'm still holding it Cheesy). I made a mistake from that one, but the good thing is that I learned from that. Well, you will not learn if you didn't experienced it right? Smiley I just hope nobody will do the same thing that I did especially for those newbies out there.
legendary
Activity: 2744
Merit: 1111
Leading Crypto Sports Betting & Casino Platform
I just want to share the bad experiences that I have experienced while trading, buying Altcoin after seeing the graphics looks uphill and it targets only 10% of the advantages of the stupid thing that I do is not to use stop loss features and leave it in the morning reading the news that the main developer coin leaves the project and the price of the coin have fallen by more than 50% and I can do only sell to avoid greater losses, the lesson do not forget to also use the stop loss unless you are an investor.
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