Reid
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January 26, 2017, 03:12:06 PM |
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I have one mistake that made me better. It was with XMR. It is not really a full mistake, more like a greedy move or the doubtful guy back then. I thouhht that was the price I am comfortable with so I withdrew then it grows more. Thinking it will go up again i bought a lot of it. Then BAM! It goes down like hell. My heart melted but it was a good lesson to be learned.
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Malsetid
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January 26, 2017, 03:15:29 PM |
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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 mistake in trading was buying ethereum lots of ethereum and then sell them with 0.002 bitcoin each i tought i was put 0.2 but then i was shocked thought my account was hacked but when i saw the hostory i laughed hard damed Yeah I think this is one of the most common mistakes when it comes to trading. I've had several of these as well though fortunately the amount that I lost is only minimal. It's really important to make sure first the amount you're going to be selling it and to make sure you enter it correctly.
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The_prodigy
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January 26, 2017, 10:54:50 PM |
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My most mistake is buying the wrong coin that it will be scammed sooni just tried but that tried was really bad i wasn't specting that i almost lost around 2 bitcoin from me it from my earning for 5 months lmao
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icecube45
Legendary
Offline
Activity: 1218
Merit: 1000
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January 27, 2017, 09:03:52 AM |
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My most mistake is buying the wrong coin that it will be scammed sooni just tried but that tried was really bad i wasn't specting that i almost lost around 2 bitcoin from me it from my earning for 5 months lmao
Wow it was a grave mistake I think. Supposed if you just want to try is better in minimal amounts and did not much like that, because it would be too risky for loss. I've also ever do the same as you, but not much like that because I only spend the amount to much like that was for coin that really can a profitable. Maybe my suggestion to be more careful again and make it a lesson, friend ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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X-ray
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January 27, 2017, 09:43:47 AM |
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My most mistake is buying the wrong coin that it will be scammed sooni just tried but that tried was really bad i wasn't specting that i almost lost around 2 bitcoin from me it from my earning for 5 months lmao
Wow it was a grave mistake I think. Supposed if you just want to try is better in minimal amounts and did not much like that, because it would be too risky for loss. I've also ever do the same as you, but not much like that because I only spend the amount to much like that was for coin that really can a profitable. Maybe my suggestion to be more careful again and make it a lesson, friend ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) that must be a pain in the ass, though that's one of many risks when you're going to invest into altcoin, hardfork may happen and even worse the coin turn out scamming its investors if you really want a safe investment then go for trusted altcoin which was existed since many time, not the newest one, but if you still want to invest into the newest then just watch the profile of developers
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clickerz
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 27, 2017, 09:47:58 AM |
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My most mistake is buying the wrong coin that it will be scammed sooni just tried but that tried was really bad i wasn't specting that i almost lost around 2 bitcoin from me it from my earning for 5 months lmao
That is too much losses. My mistake sometimes is that I set order and forgot it. When my BUY ORDER is filled, and check it next day the coins price is very low or being dump already and its hard to recover. It is better to active and updated always when you trade.
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Open for Campaigns
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jovs
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January 27, 2017, 12:17:31 PM |
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My most mistake is buying the wrong coin that it will be scammed sooni just tried but that tried was really bad i wasn't specting that i almost lost around 2 bitcoin from me it from my earning for 5 months lmao
That is too much losses. My mistake sometimes is that I set order and forgot it. When my BUY ORDER is filled, and check it next day the coins price is very low or being dump already and its hard to recover. It is better to active and updated always when you trade. To prevent that stuff, better to trade only with two pairs or one pair. This will allow you to focus more on your coin to be trade. If you can't tend to trade, avoid those coins whose new, otherwise you'll end up with dump, giving you a negative profit that is painful. If you were new in trading, trade inly with trusted coin like ETH, DOGE, LTC, etc. These coins have liitle amount of buy and sell order pairs, yet will grant you not to be scammed or end up with huge dump.
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dearbesz1219
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January 28, 2017, 12:40:54 AM |
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My main problem so far was greed . In some cases ( like NAUT ) i trippled my money and yet didn't sell untill small profit . So far i'm doing great , have trippled my bankroll in some months . If i can solve the greed problem though my graph will skyrocket .
Indeed, most of the gamblers became greedy, for hoping that they will become rich instantly, until they didn't notice their character became addicted to the games in gambling. which leads them to loss of big amount of money.
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RussiaIsBest
Member
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Activity: 108
Merit: 10
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January 28, 2017, 01:07:32 AM |
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My mystake is that invested all money in other things and now I dont have money for trade with altcoins but I would earn a lot in this 3-4 days with altcoins,all my predicitons about altcoin prices where correct.
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onrise
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January 28, 2017, 06:20:40 AM |
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One simple rule to avoid loss in trading which is in your hand is : -
If you buy btc and see price is rising you tend to hold btc in view of price to rise further and suddenly price slump and you end up with less profit or wait for another price rise. Always have target if it reaches that level you will sell it.
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olubams
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January 28, 2017, 12:46:50 PM |
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In my won little foray into trading since I am fairly new, I lay my hands on some coins and it started showing signs of prospects by increasing and increasing thinking it will continue like that. My mistake was not knowing the right time to pull out and not following enough to determine the extent of loss I can take. This made me lose a ton amount of money but its a lesson that one should not be greedy and be ready to take decisive actions irrespective of what will happen afterwards...
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topesis
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January 28, 2017, 01:55:56 PM |
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My biggest mistake is chasing my loss, when Synereo price stated dropping immediately after their ICO, I thought this insane, how could token sold at 33ksat be price 26ksat so I started buying the more as the price dump. It was a dump decision, I will never made again.
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Zadicar
Legendary
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Activity: 1456
Merit: 1025
DGbet.fun - Crypto Sportsbook
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January 28, 2017, 02:09:12 PM |
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My biggest mistake is chasing my loss, when Synereo price stated dropping immediately after their ICO, I thought this insane, how could token sold at 33ksat be price 26ksat so I started buying the more as the price dump. It was a dump decision, I will never made again.
These scenario do really happens because in our investment specially on ICO we do really hope and strongly believe that this coin has the potential to rise its price thats why when we saw that the price dumps then we would really tell ourselves that this is the best time to buy even more but sadly that dump was the reason for all your losses.
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deisik
Legendary
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Activity: 3500
Merit: 1280
English ⬄ Russian Translation Services
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January 28, 2017, 02:13:37 PM Last edit: January 28, 2017, 02:39:43 PM by deisik |
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My biggest mistake is chasing my loss, when Synereo price stated dropping immediately after their ICO, I thought this insane, how could token sold at 33ksat be price 26ksat so I started buying the more as the price dump. It was a dump decision, I will never made again.
This is one of the most common mistakes that novice traders do But sometimes even experienced traders fall for that error too. This is aptly called "catching falling knives". Such traders instead of closing their losing positions and cutting their losses short start adding to them thinking the price will soon revert and they will offset the losses. Sometimes it does actually revert, but ultimately such an approach leads to heavy losses in the end because these traders start believing that they know better how the price should behave, and the market eventually punishes them badly and wildly
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mobnepal
Legendary
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Activity: 1218
Merit: 1006
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January 28, 2017, 04:10:01 PM |
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I would earn a lot in this 3-4 days with altcoins,all my predicitons about altcoin prices where correct.
I really doubt on this one. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) One of the major reason for anyone to make losses (big one) in trading is being panic when price is pumping and buy at peak price, and same when it is dumping, selling at low price. Don't put all your eggs in one basket.
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whizter
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January 28, 2017, 11:37:53 PM |
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My mystake is that invested all money in other things and now I dont have money for trade with altcoins but I would earn a lot in this 3-4 days with altcoins,all my predicitons about altcoin prices where correct.
i think mistake in trading is a very common think everyone much have the experience of making mistake in trading. because no one can be perfect. for example in previous days when the price of bitcoin reached to 1150 USD i made a big mistake that i still hold my bitcoin and not sell it, because the price of bitcoin after that comes down to 740 USD round about.
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aardvark15
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January 29, 2017, 01:00:25 AM |
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Panic buying when the price rises or panic selling when the price drops are almost guaranteed to make you lose money. I've done it myself in the past.
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agamasrori
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January 29, 2017, 01:17:54 AM |
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Panic buying when the price rises or panic selling when the price drops are almost guaranteed to make you lose money. I've done it myself in the past.
Yes, I was do the same thing. I just guess that it's the time to get profit, without make any analysis about it. But that is normal the first stage of trader is being unconscious incompetence, I am sure that I will go to the next level of trader.
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coynedterm
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January 29, 2017, 01:53:38 AM |
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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.
I don't think , that I made any mistake but still I think I made some mentally mistakes for trading better flow . So , I think my first mistake was of understanding of buy/sell system in the poloniex , buy within two to three days I understand well but my mistake was of patience . In my opinion the trading is a job of patience that was not bearer by my mind Earliar and got loss for only buy and sell with loss of money . So here I will suggest to everyone to hold their patience for increase price of altcoins because time equal to money ,( specially in trading )
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JeffBrad12
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January 29, 2017, 02:18:35 AM |
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Panic buying when the price rises or panic selling when the price drops are almost guaranteed to make you lose money. I've done it myself in the past.
I was assuming it is the price manipulation by the whale. every time the whale can dump his coin to make everyone aware if the dumping session was happening and they will be doing the panic selling and sell his coin for cheap price and the whale will pump it again.
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