your worst mistake - page 16. | Bitcointalksearch.org

Ultegra134

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Quote from: death69 on May 11, 2021, 07:21:20 AM

Quote from: bitlihz on May 04, 2021, 08:42:16 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 !

In 2016, I lost more than $5000 in Forex trading. I was quite upset back then and it really exhausted. The main reason was because I did not know about trading but still entered it with a confident feeling. I had my friend supporting me in making any trade but unfortunately, he turned his back on me after provided me many false signals. Damn. It was really hurt. I felt like I was betrayed by one of the man I truly trust. My $5000 turned into $1000 after listening to his advice.

Then, I realized I can not trust anyone except myself. I spent more time to learn trading and obtain knowledge on youtube. There are many good courses actually. Now, I feel satisfy to what I did: being able to make stable income with trading

I'm sorry for your loss, try to take it as a lesson learned. It's a decent amount though, not sure how I'd react if I were you. I still beat myself for selling Bitcoin on December, so I'd guess my reaction wouldn't be pretty. I'm against following signals from friend and acquaintances, not only can they have a negative impact on your relationship with them, but could also be an attempt to scam you.

death69

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Quote from: bitlihz on May 04, 2021, 08:42:16 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 !

In 2016, I lost more than $5000 in Forex trading. I was quite upset back then and it really exhausted. The main reason was because I did not know about trading but still entered it with a confident feeling. I had my friend supporting me in making any trade but unfortunately, he turned his back on me after provided me many false signals. Damn. It was really hurt. I felt like I was betrayed by one of the man I truly trust. My $5000 turned into $1000 after listening to his advice.

Then, I realized I can not trust anyone except myself. I spent more time to learn trading and obtain knowledge on youtube. There are many good courses actually. Now, I feel satisfy to what I did: being able to make stable income with trading

iram3130

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I think my worst mistake is not having the guts to trade regularly. The last Bear run has made me so weak that I couldn't buy anything even when I knew what was going to happen in this Bull run. I would have easily doubled my whole principle by trading into alts but I couldn't.

cyriljundos

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my worst mistake in crypto world and in trading is selling my funds to low price and not waiting for the right moment to sell. i have lot of coin that price now is too high, i sold it on lowest price and i regret my decision on selling it . but its okay past is past we cannot control the price and we didnt expect that ti risen up the price.

Fredomago

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Quote from: gabbie2010 on May 10, 2021, 01:56:13 PM

The worst mistake I ever made while trading cryptocurrencies is that I forget to place a stop loss in one of my trade I almost lost all my portfolio when the price moved against me without my noticing it on time and this was well aided by high volatility of the price, I was very disappointed with myself because it was an avoidable mistake, however I had learnt from my mistake and moved on I hope every newbie should utilize the use of stop loss in their trading system.

With the right knowledge they can use this feature as a good tool to prevent certain losses if they don't have that time to stay long inside the exchange, certain market movements are very hard to predict as high volatility still dominates this venue of investment.

Every missmanaged got a lesson to learned, you lose some of your investment you learn to prevent making the same, you'll build good strategy and creatre patterns to make sure that you'll not lead your way to do the same thing but instead, you'll deal with it with a much better asessments and good calls to switched things in favor to your side.

gabbie2010

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The worst mistake I ever made while trading cryptocurrencies is that I forget to place a stop loss in one of my trade I almost lost all my portfolio when the price moved against me without my noticing it on time and this was well aided by high volatility of the price, I was very disappointed with myself because it was an avoidable mistake, however I had learnt from my mistake and moved on I hope every newbie should utilize the use of stop loss in their trading system.

Furious 7

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Quote from: Yatsan on May 10, 2021, 11:31:35 AM

Maybe the worst mistake I have made so far in my cryptocurrency journey is being so soft handed as a beginner for I do fear losses at first because knowing that I have invested with real money and I got afraid that it will take plenty of time to regain those losses, I doubted the coin I have invested with and sold all throughout leaving nothing behind and I just got shocked seeing that the coin I have sold have recovered and become profitable. For a beginner by that time, I think that was the worst mistake for I still have no experience and greater knowledge about crypto by that time.

Actually this error must have happened to me now sometimes I buy invested coins but I'm not sure after experiencing a decline I immediately panicked and sold them without a secondhand and after a month later the recovery was quite large, so this mentality is still not strong enough to remember this. This kind of regret sometimes even likes to exist in my mind to become a problem of thought in silence, so that mistake from the beginning until now has never been forgotten and has always existed, indeed my basis is still not completely.

Fivestar4everMVP

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Quote from: bitlihz on May 04, 2021, 08:42:16 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 !

Personally, I don't really have a worst mistake in the beginning aside a couple of times I gave my money away to scammers because I was too greedy for gain and don't know they were scammers.
My worst crypto mistake is of recent, and let me say that am not a trader, though I used to trade, but nowadays, I prefer to buy and hodl, so am an investor, is last year, I bought over 24 Ethereum coins at around 250$ each, held till around October, I saw a small upward movement and I rushed to sell all my Ethereum tokens for the price of 400$ each, today, this action is my worst mistake and regret, I sold all, withdraw everything to my local currency and got about 4 million, if only I held, today, they are worth over 50 million, each time I think of this, and remember the fact that I even squandered most part of the 4 million, it makes me wanna cry, I've learnt my lesson and never making this kind of mistake again.

Yatsan

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Maybe the worst mistake I have made so far in my cryptocurrency journey is being so soft handed as a beginner for I do fear losses at first because knowing that I have invested with real money and I got afraid that it will take plenty of time to regain those losses, I doubted the coin I have invested with and sold all throughout leaving nothing behind and I just got shocked seeing that the coin I have sold have recovered and become profitable. For a beginner by that time, I think that was the worst mistake for I still have no experience and greater knowledge about crypto by that time.

Obito

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Quote from: Hispo on May 08, 2021, 08:12:35 PM

I sold my DOGE for 5$ of gains three days before this insane DOGE rally began.
Could have been over 100$, instead 5$

Just get in when you can and try to hodl it whenever you can. My mistake is that I didn't wait for the prices of bitcoin to go up to 50k because I sold it at around 30k and the next week after I sold it, the prices started rallying to a big pump and I could have gotten much more out of it if I just waited for a little while.

wahyu wida

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Quote from: Ultegra134 on May 09, 2021, 01:40:37 PM

Quote from: Hispo on May 08, 2021, 08:12:35 PM

I sold my DOGE for 5$ of gains three days before this insane DOGE rally began.
Could have been over 100$, instead 5$

Don't get me going on Doge, I used to have more than 30,000 Dogecoins back in 2016 if I am not mistaken, acquired with mining. I sold them for $5-6 at most. On top of that, some leftover Doge remained in the wallet which I no longer have access to, because the HDD has been wiped. It's been a sad story for me.

I said no one will know what will happen in the market. maybe if doge does not inflate, maybe you will not be disappointed like this. but I emphasize again that it may not be your luck, as long as you still hold the doge, you may also have sold it before it reached the current price, because psychologically

Btcltccions2013

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My worst mistake was trusting and exit cam exachanger -- > therocktrading
Just check the scam accusation thread ;/

Ultegra134

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Quote from: Hispo on May 08, 2021, 08:12:35 PM

I sold my DOGE for 5$ of gains three days before this insane DOGE rally began.
Could have been over 100$, instead 5$

Don't get me going on Doge, I used to have more than 30,000 Dogecoins back in 2016 if I am not mistaken, acquired with mining. I sold them for $5-6 at most. On top of that, some leftover Doge remained in the wallet which I no longer have access to, because the HDD has been wiped. It's been a sad story for me.

mamahdedeh

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Quote from: boty on May 09, 2021, 09:17:18 AM

Quote from: suryogandul on May 09, 2021, 09:01:33 AM

if talking about my worst mistake would be a lot. but I focused on an error where I transferred my assets to a coin which turned out to be a scam due to a referral from someone. even though I didn't get a big loss but it's a regret because I should be able to use my assets in a coin that is more profitable than the scam coin.

you got one important experience from this accident, you are the first person who did it. alot trader do same thing with you ,involved me dude. in crypto market we have to due dilligent when working everything even that small thing and looks not important at all for us. next time we have to double check before click confirm button.

experience is a valuable asset in maturing our activities in crypto, everyone has experienced mistakes and I am sure that experience can make us more thorough in the future. Don't get caught up in disappointment so that we can move on and find more fortune in the crypto world as usual

boty

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Quote from: suryogandul on May 09, 2021, 09:01:33 AM

if talking about my worst mistake would be a lot. but I focused on an error where I transferred my assets to a coin which turned out to be a scam due to a referral from someone. even though I didn't get a big loss but it's a regret because I should be able to use my assets in a coin that is more profitable than the scam coin.

you got one important experience from this accident, you are the first person who did it. alot trader do same thing with you ,involved me dude. in crypto market we have to due dilligent when working everything even that small thing and looks not important at all for us. next time we have to double check before click confirm button.

suryogandul

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if talking about my worst mistake would be a lot. but I focused on an error where I transferred my assets to a coin which turned out to be a scam due to a referral from someone. even though I didn't get a big loss but it's a regret because I should be able to use my assets in a coin that is more profitable than the scam coin.

Hispo

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I sold my DOGE for 5$ of gains three days before this insane DOGE rally began.
Could have been over 100$, instead 5$

Coin-1

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My worst mistake is that I bought UTK tokens in September 2020. I paid my 2 ETH for 10K tokens on a decentralized exchange, but then the UTRUST team suddenly migrated to another smart contract, so I stayed with the old UTK tokens. A few days later, I contacted representatives of the company via Telegram, clarified my situation and provided all the transactions, but they merely ignored my problem and fell silent.

Although, I don't think it was a trading mistake. Honestly, I consider I was scammed by the UTRUST team. Moreover, many people have lost their funds due to an unexpected and fraudulent token "swap". I even created a thread on Bitcointalk. I am astonished some large exchanges still list dishonest projects like UTRUST.

As a result, I lost about $8000 at the current price. I advice you to research the reputation of the persons behind the project before purchasing any coin or token.

Viscore

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Live with peace and enjoy life!

Quote from: Ultegra134 on May 08, 2021, 12:50:16 PM

Quote from: SacriFries11 on May 08, 2021, 11:15:07 AM

Quote from: sumant on May 07, 2021, 08:16:55 PM

From my point of view I have done good in trading. Choosing some project is very easier for me but I had made real and big mistake that I haven't hold any coin for some big profits. My patience is very poor quality. Without patience nobody can change their lifes in cryptocurrencie.

That's also one of my weakness when it comes in trading, due to FOMO, sometimes I cannot hold my tokens. There are also times that it ended up losing my money. I'm become greedy in different times and I need to control it. Patience and become consistent even its just 10 - 20% of profit is enough.

Ha, I had approximately 0.60 Ethereum on March, I sold them after the market recovered. Now it's over $3.000, having bought at $1600, a profit of $800 would now be guaranteed. Sometimes I feel that short term trading should be avoided in smaller scale trades.

Well, not all the time that short-time trading mostly ended like that. No, not exactly it to the worse but it is also depending on the market situation. In your case, I tell you that you were just unlucky that time but not the worse thing, $800 profit is big enough for me. Honestly, I'll certainly be taking that opportunity instead. We are not sure about the upcoming, you are doing is smart, that is the reality behind it.

aditasetia123

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Quote from: bitlihz on May 04, 2021, 08:42:16 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 !

first mistake must be over trades and put order careless with technical analisys. we just buy or sell as we want and didnt recognized which level that best as entry place. in future trading i am using too high leverage and balance so its very easy to auto liquidated.but this experience absorb well and learn alot to improve my skill and psychology.

Topic: your worst mistake - page 16. (Read 3578 times)