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Author Topic: was trading beneficial for you?  (Read 2526 times)
kuronokishi10
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November 27, 2017, 06:30:08 PM
 #1

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?

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November 27, 2017, 07:23:55 PM
 #2

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?

Trading has not yielded the results I was looking for, at least not yet. I felt like I came up with a trading system that worked and I was making money but there were 2 problems that has made trading difficult.

1) One exchange I was using was Cryptsy. That exchange went out of business and would not let be withdraw my coins, so they were lost. The lesson is don’t trust exchanges.

2) I set orders high for sells so I can make a good profit and then rebuy lower. The problem is that Bitcoin has risen so high that my sell orders went through but the price kept rising. Then it was hard to find a entry point.

For these reasons, I only do a small amount of trading and I mostly hold.

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November 27, 2017, 07:37:39 PM
 #3

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Still broke.Not me though,because I never wanted to become rich in 2 days.I surely have brains and certainly understand the market very well.

Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?
Please,not everybody in this forum is a big fan of traders and their shitty strategies.What are you going to gain from that information anyway ? You know right you can easily find answers for those questions on google ?

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November 27, 2017, 07:59:35 PM
 #4

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?
So far i making a good profit but not huge amount but when i was start in trading honestly i always mistake in trading but i learn what i did before..
the mistakes that i didn't repeat is to invest in altcoin which is not good rankings and investing in ICO and there are lots of altcoin that honestly are made only for scamming purposes..
So before you invest make sure you know the history  first..
And ialways use the coinmarketcap if what altcoin has a big volume and marketcap which is already in top 20 rankings that i think best  choice to invest if you invest in PoW coins .
This is more in demand than Proof  of stake..  Im not an active trader unlike before right now in order to win in trading you should be a long term trader..

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November 27, 2017, 08:55:43 PM
 #5

Yes trading was beneficial for me, because I get good knowledge before starting with ths domain, and now I have some experience about it. Always there is a risk involved with trading, because we can't expect exactly the chart , but if you take your time to choose carefully the coins or tokens to trade you can making good profit.
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November 27, 2017, 09:06:06 PM
 #6

For me personally it has been quite rewarding every trading session, but that was mainly due to the fact that I only did trading at the time the market was heavily bumping up and down within a certain range repeatedly. It's an occasional practice since the market isn't always behaving like that, but I much rather make use of these occasional opportunities than forcing myself to trade on a daily basis, which I have tried for a while. It resulted in absolutely nothing but losses, so I quickly ditched day trading and sticked to what for me is the most comfortable practice, and that's exploiting ping-pong opportunities. It's not a jackpot or whatever, but at least it allowed me to gain like 5-10% on average every month.
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November 27, 2017, 09:14:23 PM
 #7

me personally it was beneficial but not in the way you think. I haven't made shit tons of money but I learned about a lot of technical stuff and I learned a lot about myself as well.

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November 27, 2017, 09:25:37 PM
 #8

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.

Trading 101: Do not begin your trading career "to become rich." That's the wrong mindset and will probably set you down a destructive path. Being a successful trader is incredibly hard work, and it can be a very painful experience dealing with long losing streaks and other setbacks.

Trading to become rich is like becoming an actor to become famous. Most people will fail at that. If you love markets, and you believe you are someone who can find statistical edges and analyze market sentiment, you should pursue trading.

Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?

I've been trading cryptocurrencies since 2013. When the crypto markets are not volatile, I trade forex and commodities like oil and gold. I'm not comfortable mentioning absolute gains and losses. But in my years of trading, my net profits are in the area of 46875%.

Mistakes: Don't put all your $$ on one exchange. You should use several exchanges, and when you are holding coins, you should keep them in local wallets as much as possible. Third party exchange risk is the single biggest account destroyer out there.
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November 27, 2017, 09:51:35 PM
 #9

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?

Thus far my trading experience has been limited but relatively successful, a percentage of trades have been unsusesfful but I feel that is to be expected, overall I have certainly profited a nice amount and have approximately 5x'd from my initial investment around 3/4 months ago. However it is not a large investment and so I am not getting carried away. Overall in some cases I should've booked a profit and left my money in bitcoin wherever possible as I've missed some big btc pumps while holding alts and if I had been able to ride them also I may be looking at 10x+ by now!

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November 27, 2017, 10:31:11 PM
 #10

I earned a lot of money because of trading, but yes, i just earned fiat money, because i lost a lot of bitcoin value. Just look at the charts, a lot of altcoins have been decreasing over their bitcoin value.

Just like it happened with doge, from 200 satoshis each, to less than 20, and it is still has almost the same value than before, only that with a 20 percent less than a few months ago.

That is the only reason of why i did lost a lot of money if we technically talk about our profits, but yes, in that time, i earned a lot.

It was a good journey when altcoin trading was on their gold days, everybody was able to make huge amounts of bitcoins just by trading a few minutes.

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November 27, 2017, 10:55:45 PM
 #11

For all the people who started trading with dreams to become rich.
I didn't goal to become rich when I traded what I'm thinking is just to have some extra cash.

How has your journey been so far.
Very far from what I expected, trading has taught me a lot of lesson with ups and downs and I can say that it's one of the best thing that I knew in my life.

Was there a net profit or loss till now.
There's a balance.  Cheesy

Do mention from when you started trading and what amount in total did you loose or gain.
I can't remember on when I started to trade and the same with the gain and losses, sorry.

Also some mistakes that you would never repeat?
I can't guarantee that I'll never repeat, I know my weakness and sometimes I have a weak hand.

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November 27, 2017, 11:17:39 PM
 #12

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?
Trading is a job that does not always lead us to profit, sometimes I lose because I made a wrong decision. I have 3 years of Trading and this makes me get a lot of experience, there are times where I get a lot of profits and some when I suffer losses. it is a natural thing to do Trading. Maybe I've got more than 3 BTC from all the trading actions that I did, first I get Bitcoin prices that are at the rates 400USD and now everything has changed drastically, we will reach 10.000USD in the near future. If applied to the trading world then this is the advantage that we should make the best possible.

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November 27, 2017, 11:30:10 PM
 #13

I'm holding half of my coins for the long-term, and the other half I use to speculate. On speculation I sure did make money, but to be honest its not as much as what I would have made by just buying and holding...

Trends in cryptoland can last for a long time and move the price very far, so if you exit early, you might struggle to get back in. The train will wait for no one.
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November 27, 2017, 11:31:28 PM
 #14

Trading has effects to us, maybe we gain profit or we will lose to it depends on how we handle it. For me t4ading benifits to me gaining a profit because i handle it properly and buying a coin which a future
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November 27, 2017, 11:31:51 PM
 #15

Personally yes, trading teach how to become more discipline every time I trade, to be more patient on my target price but of course mistakes will always be here but not big mistakes. Trading is very simple specially when you master it, but if you are not confident to do this then you will surely loose money.

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November 27, 2017, 11:54:12 PM
 #16

As a newbie my journey basically consists of pits Smiley
But I don't wear pink glasses, through which I see piles of money right in front. This is a difficult path, where you need a lot of knowledge, patience and the ability to learn from mistakes.

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November 28, 2017, 12:00:27 AM
 #17

I started trading during the bullish period. I invested a lot nkt realizing the market is going down.  Now am not sure if we are already at the dip.

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?


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richminded
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November 28, 2017, 12:05:47 AM
 #18

I started trading during the bullish period. I invested a lot nkt realizing the market is going down.  Now am not sure if we are already at the dip.

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?

That's really sad but don't worry it will surely bounce back, trading is very risky specially when you have no idea on how to done it properly. That's a mistake that you should not do again, personally trading helps me to make more money and I believe in the future trading with cryptocurrency will become more powerful.

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cindygirl
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November 29, 2017, 03:05:13 AM
 #19

I started trading during the bullish period. I invested a lot nkt realizing the market is going down.  Now am not sure if we are already at the dip.

For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?

That's really sad but don't worry it will surely bounce back, trading is very risky specially when you have no idea on how to done it properly. That's a mistake that you should not do again, personally trading helps me to make more money and I believe in the future trading with cryptocurrency will become more powerful.

The market will almost certainly bounce back because we are in such a new and prospering market but I disagree that trading will become more powerful in the future, as the market grows it will surely become more stable and also more saturated with experience traders which means that profits for traders will be harder to come by and smaller.

clarkt
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November 29, 2017, 03:47:00 AM
 #20

I have been finding my feet in the ocean of cryptocurrency for year and to say it just as itnis, it has been very beneficial trading cryptocurrency. Yes it is not always sky blue, there have been bad days but all in all, i have master my game.

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