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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!
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.
So, what would you include in their new accounts, so that they can use it in 15 yrs?
