|
CasioK
|
 |
November 05, 2016, 12:24:53 PM |
|
If you buy all in and then the price keeps dropping, you will lose a lot of money. I buy in stages so I'm not all in at one time. Same idea for selling because if the price keeps rising, you want to be able to keep selling.
What I do is, I buy altcoins for around 25% of value that I want to risk with that coin, then I wait for the price to rise, if it rises i sell 50% of coins and than wait. If price gets even higher I sell all, if it gets low then I buy 50% more and so on, this way I hardly get any loss. |
INVALID BBCODE: close of unopened tag in table (1)
|
|
|
|
arwin100
|
|
November 05, 2016, 01:12:36 PM |
|
If you buy all in and then the price keeps dropping, you will lose a lot of money. I buy in stages so I'm not all in at one time. Same idea for selling because if the price keeps rising, you want to be able to keep selling.
What I do is, I buy altcoins for around 25% of value that I want to risk with that coin, then I wait for the price to rise, if it rises i sell 50% of coins and than wait. If price gets even higher I sell all, if it gets low then I buy 50% more and so on, this way I hardly get any loss. What 25% do you mean? It is the price breakdown? Well if you really mean that i can say you can earn for that since 25% is huge and it will merely followed by a pump if you trade those high potential coins and big coins, and also don't just directly buy if the coin is on that stage just better do some research so you will not fall those scam coins who's starting to die and will not recover. |
|
|
|
|
Oilacris
|
|
November 05, 2016, 01:18:31 PM |
|
Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.
MY mistakes on trading is my temper or patience because this thing really makes my decisions not right and i cant do the right things when im trading, especially when price move too slow ,i cant really wait for the price increase thats why i sell them off early and some trades i buy at the peak price but unluckily the price rose down, instead of waiting for the price increase again i just sold my coins on a cheaper price which really makes negative profits. |
|
|
|
|
choppork
|
|
November 05, 2016, 02:43:27 PM |
|
One mistake that I had was when I listened to the people around me. I asked for advice and opinion, I didn't trust myself. I told myself that the people in trading sites are much more experienced than me and I should trust their skills. These people are not trustworthy and they are just promoting the coin that they invested into. You should also be aware of the fact that you can't always do short trading. It's mostly long trading that happens.
|
|
|
|
deisik
Legendary
 Offline
Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
|
|
November 05, 2016, 03:09:36 PM |
|
One mistake that I had was when I listened to the people around me. I asked for advice and opinion, I didn't trust myself. I told myself that the people in trading sites are much more experienced than me and I should trust their skills. These people are not trustworthy and they are just promoting the coin that they invested into. You should also be aware of the fact that you can't always do short trading. It's mostly long trading that happens.
As Mark Twain conveniently put it, believe nothing of what you hear and only half of what you see, and you will be right most of the time. In modern times, though, now that there's Photoshop and Hollywood seeing no longer means believing, either. Many distinguished traders confessed later that they had paid too much attention to what other people around them said and that cost them heaps of money, lost or not earned... We all make mistakes, the key is accepting them and learning from them |
|
|
|
|
clickerz
|
|
November 05, 2016, 03:14:36 PM |
|
One of my mistakes before as a newbie as far I can remember is listening to suggestions on troll box. I bought the coins suggested not knowing that is already dumping. I lost more than 90% of the value of the coin. After waiting for several weeks for the price to increased,nothing happens. I sold the coins on big losses. It is a lesson I can not forget in trading.
|
Open for Campaigns
|
|
|
|
katrimans
|
|
November 05, 2016, 04:47:14 PM |
|
Another mistake is panic buying and panic selling. It's better to set up sell orders and buy orders based on a plan rather than just selling and buying on emotion.
It is very normal to panic when the price gets down, because we don't know much about the coin. We just bought it from ICO and then we are waiting for the price to rise, while we are supporting the coin .. we cannot really risk all the money by not selling when we see the price dropping. |
|
|
|
|
|
darewaller
|
|
November 05, 2016, 07:19:48 PM |
|
sometimes i do some mistake in take fast decision about to hold the coin or i sell that coin
I did that with CJ coins, I bought them really cheap and sold also on nice price but the price later went way higher and hence I missed a earning opportunity. Anyways I have a lot of coins in my hand yet and Iwill try to sell them at the best price possible for them. |
|
|
|
|
Mzie
|
|
November 10, 2016, 08:34:48 AM |
|
Chasing the bull, a lot of people lost a lot of money with ZCash's launch
|
|
|
|
|
|
loremipsum
|
|
November 10, 2016, 08:47:53 AM |
|
Chasing the bull, a lot of people lost a lot of money with ZCash's launch
Thinking of the above, I think its also important to look at the coin supply. If supply is going to increase in the future for example by increasing the block rewards (Zcash) or by a high interest rate, then, as long as demand stays the same, the price will drop. Its findamental economics I know, but people don't take it into account. |
|
|
|
|
eagle10
|
|
November 10, 2016, 10:26:03 AM |
|
Your mistake/s in trading that leads to loss of money
I think it will be the best to share your story so that we can avoid your past mistakes.
Emotion and greed is my no 1 enemy. I already made profit and I want more so I take all the loss when I put all my altcoin in the same crypto without knowing it has already reach its peak. |
|
|
|
|
|
hisuka
|
|
November 10, 2016, 12:07:27 PM |
|
My mistakes in trading that leads me to loss of money is that
wrong decision making. In terms of buying coins which already
at a higher price. Were rules is buy coins which is a cheap price.
|
|
|
|
|
el kaka22
Legendary
Offline
Activity: 3528
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
|
|
November 11, 2016, 08:00:25 AM |
|
My mistakes in trading that leads me to loss of money is that
wrong decision making. In terms of buying coins which already
at a higher price. Were rules is buy coins which is a cheap price.
It is a very common mistake but it could be rectified when you are ready to hold for some long times. There were non-reversible mistakes, like trading with higher leverages and getting stoploss triggered due to insufficient balances. Bitcoin trading has very fundamental advantage with its long-term price appreciation, by considering these the risk levels with bitcoin trading is almost zero. |
|
|
|
|
fasdorcas
|
|
December 27, 2016, 08:09:52 AM |
|
if we invest our money in strong and secure currency then i hope no one will be loss their money in trade and i think bitcoin is much more good for trade because bitcoin is very stronger and secure currency and there is maximum people investing their money in huge amount in bitcoin .
|
|
|
|
|
|
michellee
|
|
December 27, 2016, 10:15:44 AM |
|
i am make mistake in altcoin yesterday when i am buying a little amount of the coins, its because i am not check the bitcoin price and charts to make sure the bitcoin price is not up because once bitcoin price is up, then the altcoin is going to go down and we can not predict how far the price will go down. but i think i will saving the coins i bought and waiting for the increase in the price.
|
|
|
|
|
emezh10
|
|
December 27, 2016, 10:47:38 AM |
|
My biggest mistake is I invest in shitcoin I buy large amount of that certain coin and then, the price goes x5 then I sell it and when it goes down I buy again (all in) and then the price go down extremely and then I lost all my money  Lesson Don't be greedy. And don't trust shitcoin. |
|
|
|
|
|
Sled
|
|
December 27, 2016, 12:06:25 PM |
|
One of the mistakes that i know and also experienced in trading when i was a newbie is to being comfortable on an altcoin or other kind of coin that it will be the best on the market and its price will go higher and higher but that doesn't happen. In my newbie experiences i don't even do research about the coin or even read the thread from here, where i can get ideas to make better decisions. So that is one of the mistakes i know in trading which commonly lead to loss of money.
|
|
|
|
|
|
machinek20
|
|
December 27, 2016, 01:37:21 PM |
|
The one thing that make me loss in trading is because i trade an ico coin without an analysis, i simply bought it because it because the official site of the coin said that they had a lot of investor and already implemented in various gambling site, in a week the price is so low, i decided to sold it because there were no improvement in the coin and i only regain 10% of my money
|
|
|
|
|
icecube45
Legendary
Offline
Activity: 1218
Merit: 1000
|
|
December 27, 2016, 02:21:47 PM |
|
I've made several mistake in the trade. At first start trading I do not set stop loss. So even though the market is not profitable, I still hold because I still hope that the price will go up. But it is actually not true, because a trader must set a stop loss to limit losses. Every trade I sometimes can not control my emotions, so that made a mistake that is very detrimental. Now I also learning about money management in trading, it is very difficult to me.
|
|
|
|
|
coinplus
Legendary
Offline
Activity: 1386
Merit: 1058
|
|
December 27, 2016, 04:14:19 PM |
|
If you buy all in and then the price keeps dropping, you will lose a lot of money. I buy in stages so I'm not all in at one time. Same idea for selling because if the price keeps rising, you want to be able to keep selling.
What I do is, I buy altcoins for around 25% of value that I want to risk with that coin, then I wait for the price to rise, if it rises i sell 50% of coins and than wait. If price gets even higher I sell all, if it gets low then I buy 50% more and so on, this way I hardly get any loss. Excellent strategy and one for me too. The only problem I think would be there is that some coins never live up to our expectations like I bought some ICB coins and now I am quite a bit seeing it as a scam operation, though I wish the opposite. Anyways thanks a lot man, please do post more strategies and do you have any idea how we can cope up with the losses given initially when buying a coin ? |
|
|
|
|
|
