Bitcoin Forum

Let us have fun today by sharing our last year trading experience. If you hold bitcoin, you would have gained a lot last year because last year was all about bull run. But let us leave that aside and talk about our trading experiences.

Please do not lie
If you are not a trader, you do not have to choose anything
You can also post and let us know what makes 2023 profitable or not profitable for you in trading. I am talking about the strategies, indicators, coins and the approved that you used.


Let me starts it.

I traded altcoins. They were more volatile and I lost.
One of the reasons for the loss was because I used leverage. I used up to 25 or more leverage for altcoins
I noticed I went against my trading plans
I did not want to be greedy but I was greedy. It would have happened before I will know.
What helped me was that I traded with the amount of money that I can afford to lose
If not that, it would have been very hard on me
My trades were not able to translate into positive net profit, but it was not that bad because I used little amount of money to trade.


How about you?

In Bitcoin trading, the years differ depending on what will happen to Bitcoin. Your plan for the year 2023 must differ from 2024 and 2025 because of the trend of Bitcoin in those years. Therefore, from the beginning, you should not think of Bitcoin trading as annual, semi-annual, or monthly, but rather it is linked to events related to Bitcoin. In recent years, halving has had a significant impact on Bitcoin in the long term. Therefore, through halving, we can divide trading into cycles, and then within each upward or downward trend in the cycle, the trading strategy will differ, not a difference on an annual basis.

We all have negative experiences in trading, the most important thing is to learn from them.

I presume the OP is for more experienced traders. I do not yet see myself as a trader instead I consider myself a trading enthusiast. My observation from this is that 2023 was a challenging year for you in trading. And without offence, your are responsible for most part of it due to your own actions rather than market conditions. For example, you used leverage, you didn't stick to your trading plans, and you gave in to your greed. Fortunately since you used money you could afford to lose, the impact seems minimal for you. Because of my interest in learning from your experiences, I want to know, what would you do differently in 2024?

Trading is not easy as it seems. It drain energy from people while strategizing and watching the market. My advice for people is to be careful of the coins they are trading. Altcoins are more manipulated. Trading with low leverage is very important. Following trading plan. This year will be good for relaxing and holding.

Altcoins are risky and either trading or investing in altcoins, you only should do this either at nearly the end of a bear market or early start of a bull market. Doing this when a bear market just begins will cause you big loss like Terra, FTX. Doing this at nearly the end of a bull market will cause you stuck around all time highs and lose a lot of money.

Sorry for your loss and thanks for sharing that you lost because of using 25x leverage and higher leverages.

What do you learn from this and will you continue to use leverage?

If you still use leverage, what will you use as your max leverage?

I think for me I have adopted more of a true HODLER approach, although this year I would really like to try trading with minimal leverage and see if I can increase my holdings. I certainly won't be investing more than I fear to lose but off any gains I make I will reinvest them 100% I hope I can report huge gains next year!

There is no big deal in trading tht would make someone lie. If you don't trade you don't trade and if you trade you trade. As for me, the experience in last year trading was not favourable and I got angry to leave trading. I traded with bitcoin though I didn't use bitcoin to trade directly. I send the bitcoin to the app and convert it to dollar because there was no provision for me to use bitcoin trade directly. And I loss all the funds in the trade. So after that trade I choose to be an investor where I have less risky.

The advantage of trading is that it does not require your presence, and therefore you can carry out your job, your work, your life with your family, while the trading bot does the trading for you. You can check the plan every two days or on the weekend, and therefore whenever trading requires your presence, it is a job, and then it is a bad job because there is no guarantee of making profits.

The negative aspects of trading are mostly limited to the individual's lack of knowledge about trading or the risks associated with it.

Scalping and day trading are the ones that can make people exhausted. Sometimes it is greed that will result to losses. I can remember many times that I will scalp and win a lot of money but I will continue to scalp until I will lose. Even if you are not using any bots, there are trades that are not requiring much work. An instance is a day scalp trader that won small money ones in a day and not trading that day again. Another example are day traders that check the market in the morning, make use of SS and TP and check the result in the evening. Another example and the less one that requires less work are swing traders that can check result after many days or weeks.

What a cool and funny thread OP :) But I think not many users here have the courage to share anything about themself and that they rather laugh at other that have the courage to share something.
But let's see if the reputable members will share something would be fun to see if they actually trade and can learn us newbies something.

But I gladly share some as the totally newbie I am and I don't give a F what people think about my trading, but for respect for you OP and your thread I will give you a serious and honest answer.

Last good trades:
Bought 37M+33M Bonk (meme token on Solana) at the time 1M Bonk costed around $3 and I sold each million for aorund $25 each. (Sold everything)
Also. Bought Solana last year for like $20-$25 and sold some for $104 (Still have some left)
Also did make a small profit on SolTradingBot. But that one has died after that, but has posted that to but cant find it, someone can find it if they have time.

Of course I have also walked on some mines and lost some money, but overall I am in a very good profit last year, last month and last week. :)
But this year I will take it more slowly and farm more reputable tokens instead of gambling on meme tokens, but I love to day trading with meme tokens.

I also shared some post here about it:
https://bitcointalk.org/index.php?topic=5462605.msg62704221#msg62704221
https://bitcointalk.org/index.php?topic=5477135.msg63294059#msg63294059

Also been giving away some great betting advice's and had a free betting give away.  :)
Been funny first six months here, even tho some rep-members seems to dislike what I am doing and making up lies about me, but fact don't lie! :) "The loudest one in the room, is the weakest one in the room."

Good luck to everyone and hope 2024 will be our best trading year so far! 💪

Best regards
/ BabyBandit.

Last year's trading was quite dark, I kept trying to make a profit from coins or tokens that had just been listed, but I wasn't fast enough in buying & selling, and this happened several times, this year I want to try again with more thorough preparation because of the graph the coins or tokens that I buy recover within a few days - 1 week, I will try and when I experience a loss I will hold it until my target price is reached

Good attitude, don't give up. You know when you give up the success is around the corner! I wish you all luck 2024 mate.

It was a roller coaster ride and I lost a lot at the initial stage of the year 2023 because of using higher leverages like 30x and also I traded some highly volatile coins like USTC and LUNC before eventually settling down for Bitcoin DCA. I started Bitcoin DCA which gave surprising result if I look back at my wallet now. 2023 was a better year for me though it started with negative notes but ended on winning notes.

My biggest regret from 2023 is I invested more than $1200 in Nebilo and lost more than 90% of it as I didn't check that it was being removed from Binance.

Last year was not a good year for me when it comes to trading ,Cant really say i had a loss but was not able to make any much profit either .Think i played the B.E Game in most of my trading activities for last year .Hoping the market will provide some good profit for us this year ,Aiming to make much this new year .

I am also not very good at trading and last year I also faced a lot of losses. Trying to hold on to some coins to prepare these this year. The first time I tried crypto it wasn't easy my first step into digital currency was dipping my toe in the water. Given that Bitcoin and Ethereum were the most popular choices, I chose to test them. They are expected to recover and reach all time highs. Bitcoin price will increase in the long term buy bitcoins at current market prices and borrow or hold them for several years.

Quite similar to you, to be honest my trading losses have been significantly reduced at the end of the year, I also use some leverage to execute orders with my favorite trading pairs. But things were quite volatile in the period when bitcoin dropped to $25k, but since then I have recovered quite a bit and am not in too much loss with trading spending, although the losses are still in the range I'm ready for this subject, but it really helps me have more fun in the upcoming period without losing money.

I have rarely done trading recently. But I made some little long-term trade in 2023. Invested a few hundred dollars in Solana when it was around 17 USD / Solana. And I sold them at 44 USD maybe. And at the end of 2023, I invested some in ICP which is now almost 3x from the brought price. :) It's actually my long-term investment.

Disclaimer: Please do your own research to invest any coin.

Nice going OP. Personally I don't trade anymore for years but DCA wise 2023 is very good for me of course, almost every month bought BTC is now in profit, so I can consider even hoping that 2024 if it dips again before halving I don't mind. That means every more month I can buy better prices, some think now even 30k is possible before the rally. 2025 will be a great year when it bullruns ;)

I was passive for most of last year. I don't want to put stress on myself by looking to scalp or at least spot some alts that I'll trade after a week or two.

I got no more heads up and don't pressure to check out these trades.

I am putting where my mouth is and invested a lot to Bitcoin. From the ones that I've been holding for years, I add everytime I am able but at the same time, I also sell some when needed.

Just a word for it "Yup".

More on it, according to the OP's format.

2023 was a good trading year, haha for leverage traders not for me.
The start of the year was so disturbing for me.
At the end of the day, I closed my portfolio in profit, not much but I'll gain more in 2024.
The Q4 was the good hit only, most of my trades were according to my plan and I don't regret anything because collectively they were all successful.
Never ever consider Bitcoins as a trading pair haha, just played in the top 30 mostly. 
Picked rarely below 30 and all were highly rewarding compared to the top ones.

I think that is enough to conclude my journey basics. Also thanks Op for a decent approach to the topic in this section Loved it.

My 2023 was one of the worst years I've ever experienced, market crash most of my assets got burned and stuck up due to holding, I experienced the ATH but again not as always there's a green day in the market so this time I guess I made another strategy with this upcoming market, every mistake must need to learn or else you will repeat the same problem from those mistakes last year. With this market dump i guess ill accumulate possible potential coin and TP once the halving comes up and get ride with the BTC.

I started the bounty in 2017. I get some income in ETH tokens.  With various considerations, I tried trading on several exchanges.  I registered several exchanges to learn trading.  I read tutorials and watched videos then practiced them on exchange.  There are some who succeed, but most experience losses. ;D

 At the beginning of 2019 I was busy with my work and left trading activities.  There are several coins that I left on exchange and hope i have spare time for me to continue trading, but that never happened.  ::) At the end of 2023, I tried checking my exchanges, I found some had changed like IDEX exchange, some had disappeared like Bit-Z, Bluetrade and forkdelta. That make me lost them all. :D

Even though I have fail on trading, I learned a lesson that never leave the market when you trade.  If you stop trading, just hold your coins in your wallet, not exchange wallet.

Trading is real hard to adapt, so I'm not surprised if many people are losing money with it. I feel sorry for you guys, but I still salute you for trying it. At least you now know that trading is not for you. It helps your brain to relax and you can now move on other things that you are also planning to try. Holding is easier than in trading, so I think you guys are already doing it first.

This is one of the activities that can remain to us if we fail on the other, so we must ensure to hold only the best coins, so that we are confident that we can still get an income that can help us survive while looking for another sources again. Yes my guy, first time is not always easy but it's also the sweetest moment of our lives. So never regret it ;).