Topic: Your bitter-sweet experience in trading that you can't get over. - page 3. (Read 376 times)

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.

Trading can make you richer and can make you poorer or worst bankrupted.

History says that mostly trading will make people poorer and many amateur traders got their lives broken by trading. Bankruptcies by tradings is very common for amateur traders.

Who are amateur traders? What do you think who they are?

Amateur traders are people who don't have knowledge and don't have good disciplines with their tradings. Time they spent in the market is not a big matter. You can spend 10 or 20 years in trading but you can still be an amateur trader.

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.

Experiences do not matter, but what did you gain from them? Failure to benefit from experiences leads to their repetition and thus more useless experiences.
Also, benefiting from bad experiences comes with investment, not by listening to stories, because it is your feeling at that moment that will determine the future of your steps in trading.

Also, successful experiences do not mean that they are always successful, but it may be time that made them successful.

When I decided to start trading, I thought I was already good at it because I had seen and noticed/followed market trends. I decided to try day trading, buying low and selling high, regardless of how little profit I could make. I passed my first and second trials and was already feeling like a boss. Little did I know that would be the last time I would profit from it; to cut a long story short, on my next trade, I lost more than 20% of my investment in the blink of an eye. I immediately withdrew from it and have a change of mind to either trade for a long term or not trade at all.

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.

I have bad experienced with trading and can't forget how stupid with my decision become loyal holder when looking my altcoin assets price going pump, can't imagine with next few years later with my altcoin holding price dropped and delist from the bigger exchange have been listed on Kucoin.

This bad experience keep memorize in my minds until right now and I don't how to forgive with my mistake as diamond hand for long term holding typical, maybe earn profit above one hundred million but I try keep holding and believe with this coin price more pump drastically after success break out above $5 and I have about 100,000 coins in my wallet.

tradin has been one wild ride for me. It's been a rollercoaster of emotions, but I wouldnt trade it for anythin' in the world. I remember this one time when I mistakingly bought a stock instead of sellin it, and then it frickin' skyrocketed in price. I was like, "Oh snap, what do I do now?" I panicked and sold it right away, but then the price just kept climbin even higherr. Lesson learned - alwayz double-check your orders before you hit the execute button. And sometimes, leaving your mistake alone can earn profit. Such hillarious

But you know what? It hasn't all been bad. One of my best tradin' experiences was when I invested in a company that I totally believed in. I watched it grow and grow over time, and it was a long-term investment. I wasn't expectin' any huge returns for a while, but then the company announced a merge, and the stock price went through the roof. I made a fat profit, and it felt like a huge frickin' win. It just goes to show that sometimes you gotta take a risk and belive in yourself.

Tradings full of ups and downs, and you gotta take the good with the bad. I've had some awesome experiences and some not-so-awsome ones, but overall it's been a dope journey that has taught me so much about the markets and myself. You gotta find that right balance of risk and reward, and hey, a little bit of luck never hurts either, amirite?

I have felt bitter and sweet before in trading, especially in altcoins, where there were lots of big losses, of course all of that was due to carelessness and greed, while my analysis was still new to the point where I even experienced FOMO by buying without thinking about anything else, including getting caught up in shitcoin that fell to 90% due to overconfidence.

I was sinking but behind this negative experience it made me think clearer and more careful. I continued to learn from previous bad experiences so that it should not be repeated with big losses trapped in shitcoins and now trading requires strong fundamentals.

The sweet experience is that the profits you get are quite large, I won't mention it, but I never forget that when the market became bullish, I took advantage of bitcoin and several other large altcoins.

Now more focused on bitcoin which must continue to be piled up until there are more to reach the next ATH.

I have also had a strange experience of trading. I don't know if it's bad or it's good, But it's funny I am sure When I started to the first trade I had to take help from customer support. My knowledge about trading was 0. The exchange was Cryptopia which is closed now. Customer support helped me a lot that time to make the exchange successful. But the funny thing is that I had deposited a very lower amount (altcoins - I forgot the name) and once I exchange it for BTC I was unable to withdraw the fund due to withdrawal fees lol. Later I deposited again and made the withdraw

I believe that the bad experience that many people will inevitably have is losing money due to wrong coin analysis, not much knowledge or even following trading signals. Yes, that is something we will always encounter when we first start to enter the world of trading. Not infrequently many people have good experience when they start by getting multiple profits. Believe that everything we experience will be a very valuable lesson in the future, from there we can learn what mistakes we made at that time that made us lose, and make us even better traders.

The bad experience I've had since I started trading was when I got a loss because I misanalyzed the coin.
I also had a good experience when I made a very large profit, especially when bitcoin had its last bull run.
But whatever I get, I keep learning to analyze better than before and reduce analysis mistakes.
And even though learning to trade is difficult, the results are still worth continuing because that way, our analytical skills can improve.

The worst experience for me in crypto trading was when I learned to day trade. and I thought it would be easy. but it turned out to be very difficult. and I quit and don't do it anymore. because I actually lost a lot of money on the trade. and I think it does require quite advanced skill. and I don't have it yet. so I decided just to keep accumulating bitcoins for the long term. and some of the top altcoins.
but I'm still trying to keep learning it.

for the good experience i feel very excited at the moment. because I feel what I have done was not in vain. i.e. I have started doing DCA on bitcoin from last year since bitcoin price dropped around $16,000USD area. and I am happy to see my investment continues to grow at this time. but I still continue to buy more at each set period.

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?