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Title: My biggest mistake(s) so far Post by: Ssp1 on January 08, 2018, 11:20:55 AM Removed, gl all.
Title: Re: My biggest mistake(s) so far Post by: allanr on January 08, 2018, 11:34:12 AM We all make mistake sometimes, there no way you can be experts in trading if you still new or just 3 or 4 month doing it. So learn from that mistakes and never panic while trading. Take your time to thing what happens next, dont be to greed too
Title: Re: My biggest mistake(s) so far Post by: Sevarchik on January 08, 2018, 11:42:34 AM I am young in crypto and do missrakes with fees.
Biggest misstake its not buying DOGE coins on 1st january ))) Title: Re: My biggest mistake(s) so far Post by: Dheo on January 08, 2018, 11:44:05 AM We all make mistake sometimes, there no way you can be experts in trading if you still new or just 3 or 4 month doing it. So learn from that mistakes and never panic while trading. Take your time to thing what happens next, dont be to greed too Experience is our best teacher we will learn from it, in trading its normal to experience losing money, maybe there are times that we regret our moves but the good thing is we learn from it, no one here will expert on trading In just a month we need time to master it. Title: Re: My biggest mistake(s) so far Post by: Lara644 on January 08, 2018, 11:44:36 AM Mistakes is something no one is above, a lot of us have made mistakes even more than this but the best thing is to learn from our mistakes and move on, it's just to teach us another lesson and am pretty sure you already learnt your lessons now. There's surely going to be another opportunity for u to make profits...it's good you voiced out your pains and regrets. Hope you feel better
Title: Re: My biggest mistake(s) so far Post by: loaddebitcard on January 08, 2018, 12:17:44 PM I think most of us have one big mistake. It's not buying Bitcoin when it costed less than $1000. Or even bigger mistake was not to buy it when it costed less than $100. Here is also my recent mistake - I didn't invest in Ethereum three months ago. Although I have some ethers anyway, I could've earn more if I did it.
Title: Re: My biggest mistake(s) so far Post by: natsu01 on January 08, 2018, 12:28:26 PM My biggest mistake so far in crypto is when i sell my altcoin with the value 20 usd but after 3 weeks its value goes up higher than anybody dont expect. Its market value become 2000 usd now. Now i know that patience is always be a virtue.
Title: Re: My biggest mistake(s) so far Post by: Trixie28 on January 08, 2018, 12:29:22 PM My biggest mistake is i sell my cred token for a little bit higher then after i sell it pump continously higher than the usual.
Title: Re: My biggest mistake(s) so far Post by: yareklamator on January 08, 2018, 12:32:43 PM You understand your mistakes yourself and analyze them. It is very good. I also lost money on investment and panic is always bad adviser. I was selling automatic stop orders when prices fell down for half an hour. The next day the price went up to the moon, but I did not have any coins, as they were automatically sold during the fall. You gain experience and become wiser. Good luck.
Title: Re: My biggest mistake(s) so far Post by: Guddini on January 08, 2018, 12:43:39 PM My biggest mistake,this is in 2010 , i could acquire many bitcoins, instead I spent on my money unnecessary things, this is a very big mistake as it turned out
Title: Re: My biggest mistake(s) so far Post by: styca on January 08, 2018, 01:18:24 PM We have all made mistakes, and we will all continue to make mistakes. The best that we can do is to learn from each mistake, and understand exactly what we did wrong - this will help us in future, and we will then make fewer mistakes, and those we do make will not be as bad. Obviously with trading and with crypto in general, there are a lot of external factors in play, and it will never be possible to eliminate mistakes entirely.
I think after a bad mistake, you should ask yourself: "Do I regret getting into crypto in the first place?" If the answer is no, you don't regret it - then the positives outweigh the negatives, and you need to see that you have made more good choices than bad choices :) Title: Re: My biggest mistake(s) so far Post by: indrakusumaindra on January 08, 2018, 01:22:45 PM what's done is done sir. there is always a risk to take for every investment that you made on trading cryptocurrency. TRON indeed a good and strong coin. i hold my tron and i plan to hold it for a long term ( maybe for 6 - 12 month) . i keep looking the graph chart but i didnt want to sell it even its going down cause what im believe in. TRON sure will getting good in few month and what we need is wait the right moment to sell it.
Title: Re: My biggest mistake(s) so far Post by: mouseqk on January 08, 2018, 01:25:31 PM My biggest mistake is I didn't invest to BTC some months ago, when it was $7,500.
Title: Re: My biggest mistake(s) so far Post by: leea-1334 on January 08, 2018, 01:35:10 PM Welcome ssp1. I have a feeling most of us are not native English speakers, and those who are do not always use good English so that is never a problem on this forum.
Your 3 weeks performance is not just not bad, it is very good. Where else in the world can you do a triple profit? Do not let the mistakes make you regret, or make you try for more. You are in a very good place already. As you can see, day trading is very risky, you make some you lose some, but I feel the stress is too high to do it continuously. My advice now: withdraw your initial 1k deposit plus 1k more to say that whatever happens from now on, you are in profit. That still leaves you with more than 2k to trade, and that is a lot! Title: Re: My biggest mistake(s) so far Post by: asayoyaasa on January 08, 2018, 01:37:20 PM If we talk about mistakes i make i just gonna give you list of it. But thats not the poin though, we learn from that mistakes, we make that mistakes as our teacher. i know bitcoin since im in highschool now 6 years later i still never have lot of bitcoin ::)
Title: Re: My biggest mistake(s) so far Post by: scaramanga1337 on January 08, 2018, 01:41:03 PM i would highly recommend you to just hoodl some coins for the real gains....daytrading is not necessary in crypto, u easily can get overtraded......try to pick some high, mid, low caps, choose wisely and just hoodl.....try to get the x10-x00 :P
Title: Re: My biggest mistake(s) so far Post by: awazieik on January 08, 2018, 02:31:26 PM Hi all, First of all I would like to say that I'm not a native english speaker so keep that in mind :) I Started trading altcoins 3 weeks ago and deposited $1000, I turned that $1000 into $4500/$5000 in 3 weeks, not bad right? I did make a couple of terrible mistakes which costed me $3000, so I could have been up to $7500/$8000 and it eats me up inside. Here it is: I bought 12200 trx for $420 3 weeks ago (bought at around 3.5cent per trx), I daytraded that 12200 up to 13200. I sold those 13200 trx for 8 cents because I saw a patron in the chart, it kept going down up down up down up so I thought I could make some TRX by daytrading. Here is the shitty mistakes I made... I sold my 13200 trx for 8 cents at the time 529 satoshi's, wanted to buy back 15500 trx at 6.5/7 cents or so, placed a buy order for 15500 trx at 439 satoshi's When I woke up I saw that trx mooned to 14 cent and I felt crap because I saw that it didn't reach my buy order, it actually went all the way down to 441 satoshi's but it DIDN't reach my buy order of 439 satoshi's, very painful expierence to see it come so extremely close. I panicked and felt shit for the next day, but hey I still made 2.4x/2.5x (around $600) profit on my initial investment so it could be much worse right? I believe at the time I received 1.08 ether for 13200 tron. I accepted the fact that I no longer had any trx, and instead of taking 30% losses and buying back at around 12 cent I refused to do it because it wouldn't make sense. The next day I went to my brother (we both invested $500 but he leaves the coin picking to me) and told him that I accidently sold all my trx because I wanted to buy more back cheaper but it never dropped to my buy order price. He didn't mind it so much but he did say that he would still like to have some small amount trx in case it would moon hard in the next days/weeks. When I came home i saw TRX at 16 cents, I stayed up that night and remember looking at the charts at 02:00 in the middle of the night and saw it rising to 20 cents, to 24 cents, to 28 cents. I have to say that at that time FOMO and FUD got me real hard and also the fact that I promised my brother buying some trx back. I couldn't accept the fact that I could have had 15500 trx if only I made my buy order 2 satoshi's higher. I decided to buy a small amount of trx back at 28 cents (the dumbest decision I was going to make so far) my thought process at the time was.. just buy some trx when it's mooning and sell some back at 35/40cents. Well you guessed it, I bought at the alltime high of 28.5 cents. I bought 1500 trx for 0.45 eth (eth price atm was 1 ether = $985) at around 28.5 cent per trx. As soon as I bought I saw it drop very fast and I wish I would've never been so dumb to buy in this high (I know it's stupid to buy at all time highs but my emotions got the best of me and before I knew it or before I did any research I bought at the all time high, I got attached to the coin and appearantly couldn't let it go) 10 minutes later it dropped to 27 cents and I decided to buy another 1600 trx for 0.45 ether. I now have 3100 trx but the trx price keeps going down down down, very painful. On top of that ethereum rised 30% the next day and trx went down to 16 cents so pretty much It would've be much better to keep the ether, so I lost $250/$300 on the ether and another $600 on trx. To sum it all up: I had 13200 trx (bought for around $420 at 0.035c) sold those for around $1000 at 0.080c, I panicked and bought back 3100 trx at 28c(!) so I pretty much screwed myself out of 9000 tron for no reason. On top of that trx dropped to 16 cents the next day and ether was rising hard, so I alrdy lost 30% on my ether and an additional 50% on my tron. Look guys I know I've made huge mistakes and I will learn from this 100% but it's eating me up inside. I'm a guy that can't let things go and I can be very obsessive with things. I keep thinking about it and telling myself what a fool I am for buying back so high with all of my money that I sold trx for in the first place (makes absolutely no sense). Without sounding arrogant I'm an intelligent guy and I can't believe that I made such a dreadful decision. It really was 100% fomo that made me step back in, a voice in the back of my head told me to not buy back so high! Just wait until the next day and see if it stabilizes and then buy back a small amount at 14/15/16 cents. NO I panicked and thought it would moon further so I wanted to ride the wave, but it turned out I got in late and as soon as I bought the trx back BOOM we went down hard. When someone in my family asks me how things are going with my crypto investment of $1000 I tell them it's going okay. I'm up too $5000 and they react by WOW amazing, great job. But in reality I made terrible decisions and I can't seem to let it go. Should have been up too $7500/$8000 now and who knows how much high trx will go in the future? I have these dreams of seeing trx at $5 and not owning any trx, I had 13000 of them :(. I thought of selling 60/70% of the 3100 trx because it seems like I overpayed a lot for it and on top of that, that money could have been in coins that were making actual profit! But I don't want to make losses bigger by selling now so I'll be looking at a breakeven exit point. Let's hope btc isn't going to moon soon because otherwise I'm screwed since eth already mooned and it's no longer an option to trade back into ether because I would lose half of my ether of my investment and that's not an option at this point. Basically, I sold all my trx at 8 cents, bought back at 28, it then dropped to 16 and ether rised 30% in a day (and I bought with ether) and also not only did I lose money on this trx investment but I'm also taking away oppertunities in other coins. Anyways I know I'm all over the place with this story so thanks If you managed too read the full thing :) I'm kinda depressed at the moment with these mistakes and I still haven't accepted it, I'm still looking for a way out but it doesn't seem like there is one atm. I wish I would've kept my ether after I sold all my trx at 8 cents, but no I had too be a retard and buy back in 3.5x higher (which is absolutely unbelievable and I still can't believe I did it) and because of that I created a snowball effect, my first mistake was pretty bad(selling at 8 cent) but my 2nd mistakes of buying back at 28cents has to be much much much worse. I'm typing this so I can get it off my chest (,hopefully). I don't have a very active social life so these forums and youtube are a place for me to communicate about crypto. Maybe some of you guys have some advice for me or made some similar mistakes in the past? One thing is for sure, I will not let this happen a second time. A very expensive lesson, sigh. Have a great day! No one is perfect and is above mistake. Learning from your experience is what matters and this is how we grow naturally. Even the most intelligent guy falls for a mistake. It is strange to beat yourself so much. What you need to do is get back in the game and your confidence will be restored. Title: Re: My biggest mistake(s) so far Post by: OrcaTech on January 08, 2018, 02:46:14 PM I'm upset that I did not manage to invest in the eth though I guessed about its stunning success :(
Title: Re: My biggest mistake(s) so far Post by: johnyespapa on January 08, 2018, 02:52:42 PM Everyone makes mistakes,we arent perfect at all,its the human nature FOMO is a normal thing with the traders,in the good side you still have gains rather than loss.
Title: Re: My biggest mistake(s) so far Post by: cheezcarls on January 08, 2018, 04:07:35 PM I did commit a big mistake. I was attracted to TRON when it was on the Top 30, and the price was $0.02. I bought only a few of almost 400 TRONs. However, it seems that Ripple had a huge surge lately.
What I did was I sold all of my TRON for Ripple. After holding my Ripples for a long while, I made a decent profit and sell it back to buy TRONs. However, this time, TRON's price was $0.17 and I only own almost 390 of them. If I hadn't trade my TRONs for Ripple back then, I would have gained huge profits and may buy some more if I want to. Anyways, mistakes happen sometimes. Title: Re: My biggest mistake(s) so far Post by: kingasterisk on January 08, 2018, 04:18:31 PM While trading unless you're incredibly organized and keep it tidy, i think the worst thing about is that you will rarely value the good decisions you made while the bad ones eat you up, and if you let this behavior continue, you might eventually even start blaming yourself for not being a fucking time traveler and predicting all them pumps and dumps xD
Title: Re: My biggest mistake(s) so far Post by: Nisansala on January 08, 2018, 04:29:09 PM When you make a mistake, there are only three things you should ever do about it admit it, learn from it, and don't repeat it.
I also did so many mistake. Don't worry. let's Learn form is and Earn. My biggest mistake is Linda. i was brought it at 0.00000001 and sold it at 0.00000002. Today Linda goes to 0.00000058. :-\ :-\ :-\ Title: Re: My biggest mistake(s) so far Post by: cryptopusa on January 08, 2018, 04:34:02 PM Dont be so pitty mate,mistakes are experience and we all make mistakes,theres no one perfect in this world.
Title: Re: My biggest mistake(s) so far Post by: cherry yu on January 08, 2018, 04:34:57 PM Thanks for the comments guys. I know everybody makes mistakes and we should learn from them that's the most important thing but reading what I just typed makes me a little sick and I can't find peace of mind at the moment. All of this money gone just because of my buy order that was 2(!) satoshi's too low, auch how unlucky and stupid that I bought back so much, so high. Hmm can't forgive myself. there is no perfect in the world, even though the most intelligent ones are sometimes mistaken, how much more us that are newly and still leaning. so dont think too much of your lost time will come you can gain it back.Title: Re: My biggest mistake(s) so far Post by: KwizatzHaderach on January 08, 2018, 05:30:39 PM One of the many mistakes I made was in the same scenario - buying while the coin is on the high.
It was on the first BTC vs BCH iteration wherein BCH skyrocketed from $300 to $2.8K in just 2 days. I bought at around $1.8K (buying on a FOMO) but forgot to put a sell order. My gf asked me to help her buy some shoes from the mall. This trip took half of the day wherein BCH hits the $2.8K mark (at 12nn) then down to around $1.2K mark when I finally got home. My emotions went on a rollercoaster that day. BCH never came back to the $1.8K mark until the first week of December. It was the second try I have made trading and lost a lot of satoshis then. Lessons I learned were: 1. Do not trade when there are real-life commitments to do. 2. FOMO is bad when no sell order is in place (got too greedy). Got burned twice to it (the other one was ICON). Still, at the end of my four months, I have been on crypto I was able to grow my portfolio by around 600% already (most of it due to ETH tripling in value). There are a lot of investment lesson I learned and I think we should be tested by fire to be stronger next time. (must resist FOMO and buy only on corrections to minimize losses) Title: Re: My biggest mistake(s) so far Post by: AravinthP on January 08, 2018, 05:36:22 PM Purely to avoid this situation i am not doing intra day trade
Title: Re: My biggest mistake(s) so far Post by: zgrdyg on January 08, 2018, 05:39:58 PM I have 2 big mistakes in cryptoworld,
1. selling sumokoin when the price is around 2.5 dollars 2. selling storm and sugar tokens around 0.1 eth for each, now they are above the moon. But these things can happen, so this is what elder people says " learning." Other than those sometimes i win some lose some from the daytrading, but i dont name them as mistakes. Title: Re: My biggest mistake(s) so far Post by: Partizanai on January 08, 2018, 05:41:54 PM you cant always get the maximum profit available, it's just not possible. you are doing good then you are making profit and you indeed made a great profit so just move on
Title: Re: My biggest mistake(s) so far Post by: bayudndy on January 08, 2018, 05:50:51 PM Yea everyone make some mistake, so from mistake we know what should we do and got exprience. Exprience is expensive, let it go and make some profit again ahaha
Title: Re: My biggest mistake(s) so far Post by: pearlsome on January 08, 2018, 05:56:13 PM You have achieved good success in such a short time. You were pressured by your brother. For a good trade there must be a cold mind. And one more tip. If you bought a coin and do not know anything about it, before you sell it at a low rate, study the project itself. Perhaps in a month there will be news, or they will release an update, or they have meetings with influential people. Then you will be sure that the price will rise before the news, even if it is now below the ground.
Title: Re: My biggest mistake(s) so far Post by: Mokter on January 08, 2018, 06:06:05 PM My Biggest mistake so far that,Before about 3 month ago I bought some Ripple (XRP),the worth of $4000 when its price was around 0.20 to 0.25.But now its price 2.48 at this time ,although it has increased above $3 recently. After buying one month i have sold all of my Ripple if i could hold till now then i could make a huge profit.
Title: Re: My biggest mistake(s) so far Post by: lunafreya on January 08, 2018, 06:26:31 PM Last week i sold all my electroneum and it rise suddenly after i sold them. I wish i could hold them just a day more so I could got more profit. Anyway i still think to buy some because electroneum prize is not that much high now. I hope i can earn more than i lose :/
Title: Re: My biggest mistake(s) so far Post by: billswk on January 08, 2018, 06:48:46 PM You got out of it with a 500% ROI, that's fantastic!
Just try to see where you got it wrong and don't do it again, the future tends to be better (or maybe not, lol). Thanks for sharing your experience. Title: Re: My biggest mistake(s) so far Post by: LukaIII on January 08, 2018, 08:27:21 PM bigest mistake? not buying this at ico price: https://www.viberate.io/
Title: Re: My biggest mistake(s) so far Post by: cryptomaniac123 on January 08, 2018, 08:38:05 PM Dude I wish my mistakes in Crypto were so small, If this is the mistakes you learn from you are way ahead of the game. I made manu huge ones that cost me alot more money then you are talking about.
Title: Re: My biggest mistake(s) so far Post by: yomarve on January 08, 2018, 08:51:18 PM I made similar mistake but I have learnt that I don't need to beat myself over mistakes rather I will just accept and learn from it. I would be holding my small sachet of tron till it moons again then I would sell part to diversify.
Just don't beat yourself Title: Re: My biggest mistake(s) so far Post by: GrandBcn on January 08, 2018, 09:14:16 PM The first three or four months on the crypto market were some disappointments. I do not even want to remember them. Big pay and then again a big loss. I even began to think that this is some kind of gambling. But then I read the forum, different news, articles of clever people and began to make fewer mistakes.
Title: Re: My biggest mistake(s) so far Post by: xindoa on January 08, 2018, 09:33:59 PM hi props to you for comming out and talking about the mistakes you made.
i think everybody has e story the same way as yours. but we all learn from our mistakes. in my case daytrading is not my thing so i stopped doing it :-) i'm just looking at projects now and doing the long term hodl Title: Re: My biggest mistake(s) so far Post by: cryptopuma on January 08, 2018, 09:36:04 PM You dont need to beat up yourself with your regrets,nothing will change if you do that,just try to improve yourself to be better.
Title: Re: My biggest mistake(s) so far Post by: engin978 on January 08, 2018, 09:48:59 PM I think this mistake is done by most of us!!!!
Dont fall in love with coins.... when you see profit,sell... if you think that it can moon,sell half,keep half, you will loose from your profit,not from capital... Buy some other coin...again start... it seems easy but all of us know that it doesnt work like that!!!! Never look behind,dont compare yours with others!!! Title: Re: My biggest mistake(s) so far Post by: Stimah12 on January 08, 2018, 09:52:47 PM My mistake is that I don't invest in Btc when the price was low. So painful now.
Title: Re: My biggest mistake(s) so far Post by: emoji00 on January 08, 2018, 09:57:12 PM I made a mistake buying in etherdelta and then learned that is quite common actually. It is easy to miss one zero when typing or when comparing prices and... here you are, you bought a x10 the price.
Title: Re: My biggest mistake(s) so far Post by: ryanbenz91 on January 08, 2018, 10:04:51 PM Kinda same thing happened to me with Ripple. I bought ripple when it was $0.30 and sold it when it was $0.75. I owned 8950 ripples by the time! I shouldn't have touched it at all. Now Ripple is around $2.5 dollars...
Title: Re: My biggest mistake(s) so far Post by: JHED1221 on January 08, 2018, 10:07:00 PM I think my mistake as a crypto user is selling my favorite coin and after that coin pump so hard, Then i cry but anyway all people have mistake too. I learned many things in crypto if you like a coin and you think have a potential hold it and become rich. Learn for your mistakes.
Title: Re: My biggest mistake(s) so far Post by: rallyko on January 08, 2018, 10:12:43 PM Everyone goes through this. And I'm no exception! This is an experience. Just try not to repeat such mistakes again.
Hold your TRX for a long time and get a good profit. Good luck! ;) Title: Re: My biggest mistake(s) so far Post by: enes2 on January 08, 2018, 10:42:26 PM Hmmm, I have done many many mistakes so far but I'm happy about it because my money is not much huge and anytime I did a mistake, I was able to understand what I did and took my lesson from them.
Some of them: 1- being late to buy bitcoin 2- not trusting HODL (now, of course HODL in I trust :) ) |