Am I the only one this unlucky during my entry into investments and crypto?

[Sindren]

I also had ups and downs. The price will rise. Crypto currency is necessary to buy. It's a shame to watch from the curb, when someone else makes a profit of 1000%

[Lanatsa]

I would like to hear some unlucky stories of people to give myself hope and not just disappointment. Any stories where you got in and lost money and later came back up?

So after a bit of research and all, i start with 1 eth and around that time, the price was 329. I joined binance, i am a noob so i put in just 0.3 eth for learning. I sold 0.1 eth at 331 when that was the highest price for the day, i felt good and bought back a bit cheaper. I did it again, but the price this time kept going up. So I couldnt sell, i had 0.10 more, so i sold it at 334.5 when the highest price that day was like 35.6. I had kept 0.05 eth just for saving, and bought bnb for 0.05 eth. So I needed to buy back 0.2 eth but the price hit 350 that day  and then kept going on. Losing opportunities when price was getting higher felt shitty, but i saw bch fell down to 1155, so i bought it. As soon as I got it, it fell down till 130 or lower lol. I didnt want to sell at lower than what i got it at, so i waited till it got back to 1155, and sold at 1156. The moment I sold, the price spiked and went up to 1180 and quickly to 1999, i remember seeing it at 1300 so i bought it quickly thinking i will still have profit. But when i got done buying at 1199, it went down to 1170 and stayed that way  for the whole day. Earlier today, I managed  to sell it when bch hit 1250, and then i bought back almost the same amount at 1230.  I had a small gain but I was happy and learning. But then, tether had to fuck up shit and everything went down. I panicked. In the end, i ended up converting the bch to eth at a loss, from 0.2 eth worth to 0.18 eth, then sold eth as well thinking it will go down more, would be better to buy at lower. But no in few hours the price slowly started getting back, and I fucked up. I had to buy back at more than what I sold at. I also had invested 0.7 eth into tokens, there was QSP, the price at which it was bought was like 0.00020 eth, and sold it at 0.00021 before it got even lower. I had invested 0.2eth into this to see and just when it came to market, it fucked shit up, i sold the eth from it too. I also had bought cindicator tokens for 0.2 eth, i sold those too, thinking the price is going dowwn I will buy back later, i sold it for 0.18 eth. Basically this shit completely tilted me, and while I learned a lot from this experience, makes me want to just feel so fucking unlucky. Do I still have hope?>

You are not unlucky but it is just part of your trading journey and I believe many traders who are profitable traders now have experienced something like this one way or another. It's good that you tried trading and experienced it than just looking at the sidelines afraid of taking a position. This is a lesson for you and you should have a strategy and follow it like I will buy at this price and then sold at this price and if it goes down then you should already have a strategy that if it goes down to a certain percentage, will you sell it or hold it? There's a lot to consider before entering a trade. Do not over trade just because you sold at a loss because you will end up with more losses if you are being emotional when trading.

Right, we should have always back-up plans specially there are really unexpected things do happen along the way which would really surprise us and trading field isnt an exception on such thing. Experience of loss will really mold us to be a better trader later on this is why we should not stress out too much ourselves on those things but rather analyze on what would be the better move incase you did meet it again on that kind of situation. Unlucky is common specially when we are just starting and come to think off that not all of us do start on being professional.

[alfstep]

Very detailed explanation, looks like you got good memories
0.2 and selling it for 0.18 is not a big deal at all
That was very cheap for you to learn something new
Day trade is not for newbie actually

[Masterio]

Buy and hold for weeks or months or even years and you ll see more profit.

Exactly, I've been holding my investments for more than 6 months now - and I'm still waiting, patience is a virtue.

[Ealex]

I have 3 tips for you.
1. Do not sell the etherium until it grows to 400, 500 dollars. Sell ​​with a profit of 10 dollars - this is beneficial only for large volumes.
2. Coins that are not so popular, sell at a fall of 20%. Or do not sell at all. Leave them to grow up.
3. Be patient. I bought coins about half a year. I wait when they grow. Patience is important.

 Any more tips?

[Ealex]

Lol stop doing daytrades.

Buy and hold for weeks or months or even years and you ll see more profit.

This is really great, advice, thanks. i have lost a bit of money myself.

[unluckylord]

Thanks everyone, I have gone through all comment and as many say, yes I got emotional and it bothered me to lose once so I made it a goal to gain back what I lost and it ended up fucking me. While some think that I might have gotten greedy and wanted to be rich quick, I put in a small amount. It wasnt about being rich, but the satisfaction amd thrill of actually gaining a profit, doesnt matter how small it was to me. Since i am just learning. But yes I got greedy towards that satisfying feeling of selling at more than what i bought at. And yed I am donewith day trading for a while, going to put my hopes in crypto and focus better on analyzing and learning charts and things. Thanks again everyone I appreciate it very much for each advice.

[unluckylord]

Very detailed explanation, looks like you got good memories
0.2 and selling it for 0.18 is not a big deal at all
That was very cheap for you to learn something new
Day trade is not for newbie actually

Hahahhaa thanks i just noticed and im shocked i remembered all the rates and every detail and move i made till now damn woe and yeah i just thought I had read enough and it was time to go out in the battle field, but i forgot my armor lol.

[sakokinak]

Gosh, I suppose here you will not find a person, who never made any mistake and never lost him money. Guys on this forum simply do not give up. Be patient. Do not get rid of ETH coins for at least several months. I also sold once my BTC and in a week it raised to the Moon.

And about ethereum... better don't tell this situation  But live is going.

[Barbarian]

well if it wasn't for you, all these holders wouldn't make money

The holders do not make money out of people like him, that is a mistake, holders make money of the overall economic growth of bitcoin and not from the speculation, the ones that make money out of the speculation of the price are another traders since trading is a zero sum game.

[woas4]

Sometimes you gotta call it quits and stop daytrading... Or atleast try it with a smaller portion of your portfolio, so in case it doesn't go well it doesn't ruin your investment plans for the future (that's what i usually do, mostly just for fun).

[Pleione527]

Investment in cryptos needs good timing and of course giving your trust on it what you did is just trading without setting a good tactic you must study the market and hold your cryptos for a little long because in crypto investment the best way to earn is by holding it for a long period and not sell them anytime you wish. Look how bitcoin appreciate today surely those who hold bitcoin for quite sometime now are a having a good income.

[thesavoyard]

I sold 77.5 Dash, 70 from my proposal and 7.5 of my own to fund an ATM that took 6 more months to finally get going. It came to less than 6,300 euros but would be nearly 50k now.

[Koadharber]

Very detailed explanation, looks like you got good memories
0.2 and selling it for 0.18 is not a big deal at all
That was very cheap for you to learn something new
Day trade is not for newbie actually

Seconded. Those amount of loses arent too much to stress out your mind since its not really big at all and you are taking up learnings with those amounts compared into some newbies that do normally lose all their entire bankroll because they do mistakenly make a bad move on making entries on buying cryptos. Mistakes are common but we should make a learning from it once we do face it dont just limit yourself to learn up even more.

[European Central Bank]

it's casino and every single thing out there is stacked against the little guy. if it isn't developers themselves, it's pump and dumpers, if it ain't them it's the exchanges and last but most it's your own panicky mindset.

it's pretty incredible how many people here run straight into day trading when they don't have a clue about what you really need to be a success at it. the best you can do is find a coin you believe in, set a price that you'll sell at and wait. even then that's a big ass bet.

[X7]

You would need a chair and a bottle of whiskey to go through all that bud - any serious trader has stories

[FiiNALiZE]

I also had ups and downs. The price will rise. Crypto currency is necessary to buy. It's a shame to watch from the curb, when someone else makes a profit of 1000%

Same, I am sure that most people that did a little bit of Bitcoin trading had a few ups and down results when trying to make money through Bitcoin.

[DroidR17A]

The secret is to HOLD....kill fear completely and HOLD!!!

Agreed. Emotional/panic trading is the worst thing you can do. The market tends to go up and down in weekly or bi-weekly cycles. Try to buy/sell based on these patterns, but monitor news sites and your trading platform daily so that you can stay ahead of the curve.

[moratar]

Bought CTR tokens for 0.00550 ETH.
Sold today for            0.00089 ETH
84% lose in ETH.
Gladly ETH went up from 300 to 450 USD. So my total lose is a bit lower
75% lose in USD

Invested ~1k USD, and got back only 250USD

[OLDARH]

Many thanks to all who wrote the messages in this section. I also have many own examples of unsuccessful trade, but reading about your failures has become a little easier - as in the collective session of psychotherapy.