your worst mistake - page 11. | Bitcointalksearch.org

Hamphser

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Quote from: ?? on ??

My worst mistake was that I didnot hold for a long time in crypto, and then I faced a lot of loss. In crypto, we need not to panic, if the price of any coin goes down, if we panic and suddenly sale the coin in case of price going down, we might loss many dollars, so we just need to hold the coins, as in crypto HOLD IS GOLD Wink

Not all the time because not all coins would really be growing in ahead of years to come so it do still matters on what coins you've been holding neither its a good one or still totally shit.

Holding too much does have its own con's too like missing out chances on selling on the right time as the coin didnt never ever increased its price after such correction.

We do have lots of mistakes in crypto investment but doesnt mean that it is already over.We can still start over and rebuilt up on what we had missed.

kapalmabur

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Quote from: South Park on June 19, 2021, 12:41:35 PM

Quote from: LimLims on June 16, 2021, 03:33:21 AM

Quote from: bitlihz on May 04, 2021, 09:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

The worst mistake many newbies including me makes while starting trading is investing a large sum of money.
In beginning we lack knowledge and most importantly experience but still we invest a huge amount of money, so gradually we make losses.
This mistake is done by almost 90% of the newbies.
Rather at first we should understand the market first , gain some quick knowledge and increase our experience by investing small money.
Still though i have traded many times, so i have quite a good experience in trading and recovered my earlier losses.

And this mistake happens so often because of yet another mistake that newbies make, and that is believing that making money in the markets is easy, we know this is not the case but for newbies the markets seems so simple, you only need to buy for a low price and then sell for a high price, what could be easier than that? And they do not know that the answer to that is almost everything, as trading is incredibly hard and it has a very low success rate.

Many people or even beginners see trading as easy and I think that's a big mistake,
because if we jump right into the trade we can know that it's not easy,
Trading is very complex and it requires strategy and we also need to analyze the market

newdevices

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my worst mistake recently is happening, i actually lost my $1000 on binance because i played futures trading,
i'm totally crazy for a few days, i can't sleep, does anyone have the same experience as me?,
because $1000 is my hard work result money and it's gone in an instant, sadly

Oilacris

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Quote from: South Park on June 19, 2021, 12:41:35 PM

Quote from: LimLims on June 16, 2021, 03:33:21 AM

Quote from: bitlihz on May 04, 2021, 09:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

The worst mistake many newbies including me makes while starting trading is investing a large sum of money.
In beginning we lack knowledge and most importantly experience but still we invest a huge amount of money, so gradually we make losses.
This mistake is done by almost 90% of the newbies.
Rather at first we should understand the market first , gain some quick knowledge and increase our experience by investing small money.
Still though i have traded many times, so i have quite a good experience in trading and recovered my earlier losses.

And this mistake happens so often because of yet another mistake that newbies make, and that is believing that making money in the markets is easy, we know this is not the case but for newbies the markets seems so simple, you only need to buy for a low price and then sell for a high price, what could be easier than that? And they do not know that the answer to that is almost everything, as trading is incredibly hard and it has a very low success rate.

Easy on words but would really be hard to be done even with the basics of the basics where buying low and sell high seems pretty simple

but when you are on the situation then this is where shit happens.You wouldnt even know on what to do because you hadnt expect that the price was moving way too unpredictable.

Expect the unexpected because the market wont really be that good for you from time to time and this is what make its more hard
but once you do have a good grasp on it then its really rewarding though.

South Park

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Quote from: LimLims on June 16, 2021, 03:33:21 AM

Quote from: bitlihz on May 04, 2021, 09:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

The worst mistake many newbies including me makes while starting trading is investing a large sum of money.
In beginning we lack knowledge and most importantly experience but still we invest a huge amount of money, so gradually we make losses.
This mistake is done by almost 90% of the newbies.
Rather at first we should understand the market first , gain some quick knowledge and increase our experience by investing small money.
Still though i have traded many times, so i have quite a good experience in trading and recovered my earlier losses.

And this mistake happens so often because of yet another mistake that newbies make, and that is believing that making money in the markets is easy, we know this is not the case but for newbies the markets seems so simple, you only need to buy for a low price and then sell for a high price, what could be easier than that? And they do not know that the answer to that is almost everything, as trading is incredibly hard and it has a very low success rate.

GeorgeJohn

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Quote from: cabron on May 04, 2021, 08:27:41 PM

The worse mistake I did from the very beginning is relying all on trading. Because you know not all the time that you win all your position in the market and sometimes there are just coins you just want to hold especially when you got in early where its prices is very cheap. So don't just rely on the earnings you make in trading. Get a job while you also have the chance to keep trading.

Relying on trading as a source of income especially as a newbie always have negative impact. The emotional trauma that is attached to it, if trades that is taken are not really giving positive outcome is psychological with bigger effect which can affect the way one trades.
Alots of successful traders also had passed through this tragedy which had really contributed to their growth and experience. Trading has so many forms of getting things done whether quick or slow. This is why reading about the success stories of great traders is important to avoid cheap and unnecessary mistakes.

Renampun

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Quote from: bitlihz on May 04, 2021, 09:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

The worst mistake I first experienced was buying during FOMO and then cutting loss when the market was bear...

trading when still a newbie is very hard, entering the market without a mentor and skill is really frustrating. At that time I really didn't have good patience, so selling based on feelings without analysis. that's my worst mistake ever.

sr32703

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Thanks to create this great post for knowing all of experienced opinion. Everyone makes one mistake for their trading life because maximum trader Don't identify their actual existing time so fir being a good trade must be gathered more knowledge.

sarmrakib

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Quote from: bitlihz on May 04, 2021, 09:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

Good to see you are here and focusing into the trading .Trading is always a tough way to earn .I think i never did any mistake from the beginning of my trading life but i have some bad experienced that i was selling my valuable coin after getting a few profit .That was actually my mistake i didn't able to select the right time to sell .However i did many lesson on that and now i am well experienced to take my profit .

Pamadar

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Quote from: feelideb on June 16, 2021, 04:38:08 AM

For me, mistake is just a learning opportunity and experience they say , is the best teacher! The thing about cryptocurrency is that today's situation and experience may not be useful or appropriate for tommorows's market situatiom! Things are always moving fast and evolving in cryptocurrency! So, todays' mistakes may be nothing compare to tommorow's mistake! But no experience is a waste!

Perfectly said, no mistake be wasted it should treat as learning experienced,

You just needed to work it out to favor you with your next attempts, traders that have good mentality always find good things in each trades that they've done, even they experienced losing place they see opportunities not to do it again but to improve their next decision-making.

feelideb

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For me, mistake is just a learning opportunity and experience they say , is the best teacher! The thing about cryptocurrency is that today's situation and experience may not be useful or appropriate for tommorows's market situatiom! Things are always moving fast and evolving in cryptocurrency! So, todays' mistakes may be nothing compare to tommorow's mistake! But no experience is a waste!

Mpamaegbu

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Quote from: ?? on ??

This is the common mistakes of every beginner, I also invested almost $500 before in a project token without doing any research about it and end up losing it all, I also invested in a scam investment website that offers to double your money for just one day and just end up also being scammed. Hoping that beginners wouldn't do the same, they can avoid these things if they will do research first before engaging in it.

I don't know if the current newbies will have an idea of what doubling sites/doublers are as I don't think they exist anymore. Doublers were prevalent pre-2017. I also fell victim in 2017 as a noob in this industry. The site baited me by returning my investment with the doubled amount the first time. I felt I had hit a goldmine. I started getting lots of ideas what I could do with multiplied investments batch after batch. Lol... You know, like counting one's chicks before they're actually hatched. So, I went in again. That was the last I heard from them. My cash just left me for good. I think I invested around 0.005 the first time and 0.01 was returned to me before I went in full the second time. That was in 2017, around the period senior member ranked campaigns paid 0.012btc to 0.018btc. So, the lost amount wasn't such a big deal then. Now, that would be a great deal of cash.

LimLims

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Quote from: bitlihz on May 04, 2021, 09:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

The worst mistake many newbies including me makes while starting trading is investing a large sum of money.
In beginning we lack knowledge and most importantly experience but still we invest a huge amount of money, so gradually we make losses.
This mistake is done by almost 90% of the newbies.
Rather at first we should understand the market first , gain some quick knowledge and increase our experience by investing small money.
Still though i have traded many times, so i have quite a good experience in trading and recovered my earlier losses.

NicNacCoin

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Quote from: mckinleeanael07 on June 15, 2021, 07:23:49 PM

The biggest mistake in my trading life is buying the top and selling the bottom, lack of knowledge in capital management, maybe time will teach us how to manage capital and grasp the trend of money flow in the market Crypto.

Hey mate, I have a lots of cryptocurrencies trading knowledge but I had mistake with my trading. I sold 130 Binance coin with 19 USDT per bnb. But I don't know anything about altcoins halving before my sold. I don't forget my regrets never.

mckinleeanael07

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The biggest mistake in my trading life is buying the top and selling the bottom, lack of knowledge in capital management, maybe time will teach us how to manage capital and grasp the trend of money flow in the market Crypto.

blockman

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Quote from: jasonjm on June 15, 2021, 02:28:59 PM

My worst mistake was not selling tokens when they were at ATH just because I have enough money for my expenses and I was like, why do I need to exchange the coins into BTC of i don t need money.

I felt you. I've done that before and thought that the ATH of those tokens that I've held will last long but they didn't. That's why I'm always checking out the prices of those tokens that I've missed selling if they're back to a good price but to no avail. It's hard to see them go back again at those prices and I just have to give up checking on them and start focusing on checking the price of bitcoin it's better to have my focus on it rather than those missed ATHs for the altcoins that I've been holding. Lessons were finally learned and that's life. When we see the coins that we hold are in profit, don't hesitate to sell them.

Fatunad

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Quote from: jasonjm on June 15, 2021, 02:28:59 PM

Quote from: bitlihz on May 04, 2021, 09:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

My worst mistake was not selling tokens when they were at ATH just because I have enough money for my expenses and I was like, why do I need to exchange the coins into BTC of i don t need money.

Same thoughts i mind into those times where 2017 bull run happen on where most of the Alts ive been holding do make out some pumps and eventually i didnt convert them to bitcoin and just let them be as they grow on where i do believe that it would be continuous and since i do still have money to spend on and money that can be used on buying the things i do like then thats the time i dont really care much about securing profits until one day where bear
market happens which those moments do really give me out some nightmare and keep regretting that i should have secure those profits while i still can.

jasonjm

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Quote from: bitlihz on May 04, 2021, 09:42:16 AM

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

My worst mistake was not selling tokens when they were at ATH just because I have enough money for my expenses and I was like, why do I need to exchange the coins into BTC of i don t need money.

South Park

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I am terrible at Fantasy Football!!!

Quote from: newdevices on June 10, 2021, 07:02:40 PM

Quote from: lalabotax on June 10, 2021, 06:08:25 PM

You should be a professional trader here because have been trading for several years. I hope that you can share your best strategies to be done in trading here. So it will be more contributive.
About the worst experience in trading, I think that it is about being greedy and panic at once. We should have the target to buy and sell our assets. But sometimes I feel like the price will gi higher and higher again. And this is too late to sell because the price, in fact, drops a very lot. And when the price continues to drop, we panic and sell.

You don't have to be a professional trader if you want to survive the cruel trading of the crypto world,
many say that the crypto world is not suitable for a new trader, that's not true, because if a new trader wants to learn and control greed,
I guarantee that person can make a profit, although volatility is high if you are able to master TA then volatility is just a wave

To me the days in which you could obtain huge profits with the most basic knowledge of the markets are over, institutional investors are coming to the market and while we are hearing mostly of those that are investing billions of dollars it is obvious there are many more investors that are putting in the market smaller amounts but that are experts when it comes to trading and you are not going to beat them as easily as you could the inexpert traders that were here years ago.

Lanatsa

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Quote from: Smitty Werben Man Jensen on June 11, 2021, 05:26:32 AM

Quote from: ?? on ??

My worst mistake was being greedy all the time I managed to have a lot of money but since I'm too greedy I ended up losing much more just like gambling if you are too greedy you will just lost everything. I learned that you should be happy no matter how small or big your profit was the important thing is that you earned profit and stop being greedy.

Your experience can certainly be taken as a lesson so that in the future you will not repeat the same mistakes.
indeed to control ourselves is not an easy job and it requires our own awareness,
what is clear is that these mistakes are natural and part of the learning process to make the future better

To think that theres no such thing about perfect trading or perfect investment on where you cant really experience such loss specially if we are just starting up then
its just normal to have some losses and it is indeed a stepping stone for you to become a better trader or investor.

Some are really just too emotional on where they do easily quit when they experience several losses or failures without even thinking that this is just part of the process.

You wont really be making yourself better or good if you dont accept these things because these are the factors on where it could really mold you as a better and more wiser as you do gain experience.

Topic: your worst mistake - page 11. (Read 3549 times)