CryptoIyke
Copper Member
Jr. Member
 Offline
Activity: 308
Merit: 1
|
 |
September 26, 2018, 01:15:26 PM |
|
Every trader at one time or the other experience this, you need to be emotionally mature to be able to handle this, not everyone is strong to withdstand such losses. The best way to trade such market is to go in with stop loss and plan a take profit when the market goes in your favor. Sometimes our greed is the problem as one would think that the market will keep mooning
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
eiijee160613
Member
Offline
Activity: 448
Merit: 11
Staker.network - POS Smart Contract ETH Token
|
|
September 26, 2018, 02:03:24 PM |
|
I think my luck is very bad. I can not earn good profits on cryptocurrency trading any day. An example of this is Doge coin. I invested in Doge coin probably 2 months ago. Which I bought 39 satoshi and bought a total of 126000 doge coins. It was almost 2-3 weeks, I did not check the price. But when I check price on coinmarketcap a few days ago, see Doge coin 100 satoshi cross. After that I was very happy. But when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order. After seeing that I was upset. That was not the first time, before several times, I could not sell many coins at a good price 😞
But finally, an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.
I think this is not what you called luck  I suggest to download an app that you can monitor your holdings, I personally don't believe in luck because when you make an effort to do something for good that's WORK and not luck, Don't worry if it's not for you something is better to come buddy. the important thing is you have learned(hopefully) to this kind of unattended things. Cheer up buddy! there are more opportunities to come! |
|
|
|
|
Jokerrrrrr
Jr. Member
Offline
Activity: 34
Merit: 4
|
|
September 26, 2018, 02:53:09 PM |
|
It is not easy to take full possible profit for any coin because we have no idea about how much it will rise
But the best possible things that you can do is to place sell orders in different ranges
Selling whole bag at one point is not good strategy imo
Also if you thinking of checking everyday price that is not possible I think but maybe you can use some price alert apps
And mostly placing orders in different range have always gives best results because it not possible to sell your coins without orders at a price where price remain only for few minutes
For example in recent days xrp touch 0.000117 btc for few minutes then go down to 0.000080 btc
BTW I prefer to do some research about good trading strategies and trading rules
|
|
|
|
|
Knabu
Jr. Member
Offline
Activity: 56
Merit: 1
|
|
September 26, 2018, 03:08:45 PM |
|
The one thing you're supposed to minimize as well as possible is "luck" in trading. Do you think it's always the same guys profiting the most yearly results of good luck? Absolutely not. They're the ones who know how to manage their trades when bad luck occurs and something unexpected happens. Luck has very little to do in long term trading career, i'd go as far as say it has absolutely nothing to do when looking at people with multi-decade long career in trading stocks/crypto/etc.
One of the best things a veteran traders has told me was "If a trade is not self-evident, i will not take it. The idea of studying charts is ludicrous to me".
Only takeing trades that you're sure of does pays off in long term.
|
|
|
|
|
|
nl247
|
|
September 26, 2018, 03:41:57 PM |
|
You have to spend more times for analysis price action and fundamental of each crypto, currently there are some altcoin was going up to 100% just in 1 or 2 days, and this good situation to make good profit. To earn maximum profit we should more focus, keep patient and set target profit monthly and avoid greedy.
I would even rather say he should spend more time on learning and maybe over time, he would stop depending on his luck when it comes to trading the market. The mistake a lot of people have made in their trading years is that, they feel luck is the thing for them to always make right calls, but no, waiting on luck is just a way of setting yourself on fire pretty fast. Luck is only applicable maybe in the movement of the price in the long run or how far it moves, but basically everything about trading, entering a position, exiting a position either through selling for profit or stopping loss, are all based on the knowledge that you have. Without it, you are doomed. |
|
|
|
|
|
yansen
|
|
September 26, 2018, 03:43:01 PM |
|
I think my luck is very bad. I can not earn good profits on cryptocurrency trading any day. An example of this is Doge coin. I invested in Doge coin probably 2 months ago. Which I bought 39 satoshi and bought a total of 126000 doge coins. It was almost 2-3 weeks, I did not check the price. But when I check price on coinmarketcap a few days ago, see Doge coin 100 satoshi cross. After that I was very happy. But when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order. After seeing that I was upset. That was not the first time, before several times, I could not sell many coins at a good price 😞
But finally, an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.
for long-term investments, don't sell orders. because the first intention is a longterm investment. like your case is, buy doge but make a sell order and forget about it. yes that is bad luck, because you make a sell order at a low price, it should be if you make a sell order is at a high price. because of the intention to make a longterm investment. |
|
|
|
|
Wall_Streeet
Jr. Member
Offline
Activity: 252
Merit: 1
|
|
September 26, 2018, 04:11:32 PM |
|
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
|
|
|
|
|
Kevin77
Legendary
Offline
Activity: 1652
Merit: 1057
|
|
September 26, 2018, 06:05:42 PM |
|
You have to spend more times for analysis price action and fundamental of each crypto, currently there are some altcoin was going up to 100% just in 1 or 2 days, and this good situation to make good profit. To earn maximum profit we should more focus, keep patient and set target profit monthly and avoid greedy.
You know when people say they do not have luck when it comes to trading; I tend to realize how they have actually ended up getting it all wrong right from the start. Trading is a profession and every profession requires learning and because a lot of people take that with levity, they tend to get burned at the end of the day. Gambling and trading actually work together in some ways. if you are trading without a strategy, you are gambling, and that will always give you the worst experience you can ever imagine which is what makes people like the OP depend on luck, but on the other hand, if you trade with knowledge and great experience, then that makes you a professional and in this way you are not trading based on what you expect luck to give you but based on what you know. |
|
|
|
|
|
jvdp
|
|
September 26, 2018, 06:10:55 PM |
|
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
Then he can cancel the order by accepting the fees in tokens or coins he lost. Else he may try to open up the new trade with the same value determined on the site. It will be really helpful to complete the trade. If looking for profit on trading he may have choices with multiple cryptocurrencies it will be helpful to find it. Most of the day trader was doing this activity. |
|
|
|
bitbunnny
Legendary
Offline
Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
|
|
September 26, 2018, 06:16:48 PM |
|
Have you ever thought that maybe isn't just the question of luck?
Trading is a process that takes time to learn and gain experience that you need to achieve some results. Luck is just a smaller part of it and you can't rely on that.
Although many people will not agree with me trading is not the same as gambling where luck is actualy the most important factor.
|
|
|
|
emberbekas
Legendary
Offline
Activity: 1904
Merit: 1000
|
|
September 26, 2018, 06:31:36 PM |
|
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
Yes, surely he had made a sell order on 49 satoshi and he felt unlucky because a few moments later the price of doge penetrated to 100+ satoshi. Experiences like this aren't new to me. But that's life. We don't always make the most appropriate decisions. |
|
|
|
|
Edraket31
|
|
September 26, 2018, 07:05:52 PM |
|
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
Yes, surely he had made a sell order on 49 satoshi and he felt unlucky because a few moments later the price of doge penetrated to 100+ satoshi. Experiences like this aren't new to me. But that's life. We don't always make the most appropriate decisions. Well, not every people are good in trading, but we can be lucky for it or we can familiarize with it if we will be just patient enough, we have to take not only month but sometimes a year before we can familiarize it, so we should not give up that easily as there is no easy job or easy thing in this world, but if we are really having a hard time with it then find some ways to earn crypto. |
|
|
|
|
nelson4lov
|
|
September 26, 2018, 07:22:34 PM |
|
This is serving as a learning process for you in this market. Do not be discouraged by what happened. At least, their was profits in it. Just make sure you make the right decisions no matter how little the profits are
Definitely. OP shouldn't get discouraged for what happened. Anyone that has traded Cryptocurrencies has at one point missed out on profits or lost money trading. However, we shouldn't let it discourage us. Rather we keep going, then we go again. I believe sooner or later one would get a win. Its just the bear market that made trading the way it is today. |
|
|
|
RodeoX
Legendary
Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
|
|
September 26, 2018, 07:27:39 PM |
|
The core problem you have is a belief in "luck." There is no such thing as luck. There are bad decisions, there are things out of your control, etc. But carrying a rabbits foot or praying to get rich is a fools path. You should be doing math if you want to be successful in business.
|
|
|
|
Raja_MBZ
Legendary
Offline
Activity: 1862
Merit: 1505
|
|
September 26, 2018, 07:48:33 PM |
|
I think my luck is very bad. I can not earn good profits on cryptocurrency trading any day. An example of this is Doge coin. I invested in Doge coin probably 2 months ago. Which I bought 39 satoshi and bought a total of 126000 doge coins. It was almost 2-3 weeks, I did not check the price. But when I check price on coinmarketcap a few days ago, see Doge coin 100 satoshi cross. After that I was very happy. But when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order. After seeing that I was upset. That was not the first time, before several times, I could not sell many coins at a good price 😞
But finally, an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.
It happens, again and again, with everybody. Just don't (ever) give up and you'll be fine, trust me on this one! The good thing about crypto is that you get these sort of chances almost every day. You should only focus on learning something new every time you feel off and not repeating the same mistakes again (even if you've been repeating mistakes all this time, you should know that it's fine, just don't repeat them once again!). |
|
|
|
|
|
Twinscoin2017
|
|
September 26, 2018, 08:20:21 PM |
|
If trading is not our feild we need to find another place to earn. But I believe that we can really earn on trading if we are going to fucos on it and maybe study more about it. I think we need to learn more things in trading foe us to earn. I believ ethat there ate so many ways to earn on cypto, we can also do investing in it.
|
|
|
|
|
Majharul Saiif
Member
Offline
Activity: 512
Merit: 10
BountyMarketCap
|
|
September 26, 2018, 08:44:18 PM |
|
I think my luck is very bad. I can not earn good profits on cryptocurrency trading any day. An example of this is Doge coin. I invested in Doge coin probably 2 months ago. Which I bought 39 satoshi and bought a total of 126000 doge coins. It was almost 2-3 weeks, I did not check the price. But when I check price on coinmarketcap a few days ago, see Doge coin 100 satoshi cross. After that I was very happy. But when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order. After seeing that I was upset. That was not the first time, before several times, I could not sell many coins at a good price 😞
But finally, an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.
My luck is also bad in this case. Some days ago I buy a token and I also sell this after huge dumping then after my selling,I noticed that the price was moon. For doing trade, you have to be more patient. Long time trade will best option for us |
|
|
|
|
pant-79
|
|
September 26, 2018, 10:13:32 PM
Last edit: September 27, 2018, 09:05:39 PM by pant-79 |
|
I'm sure that you yourself created a order for sale, so your coins were sold. There's nothing wrong with that, you made a deal and closed it in a plus. Don't let FOMO ("fear of missing out") affect you right now. Now you are in a better situation than it was before the sale of these coins.
|
|
|
|
|
|
crzy
|
|
September 26, 2018, 10:43:13 PM |
|
I think you had a pending order, which is why the sale happened. you may not have noticed, but watching the price every day is not good advice.
I also not watch the price everyday, I just look at the market every time I want to. Well, I believe there is no bad luck in trading it will always depend on the study you’ve made with it but if you don’t have any studies on chart then you are not trading well and your money will continue to dump because of this. |
|
|
|
|
|
hirngespenst
|
|
September 26, 2018, 11:13:42 PM |
|
It happens. Your luck is not bad, at least you made some profits. Lots of people can't make a profit from trading! So you shouldn't be upset! I think this lesson will help you in your future trading! As you said, this incident happened with you several times, then you may change exchange and you should check the price every day. A trader always check his coin's price several times in a day!
|
|
|
|
|
