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Author Topic: What have been some of your biggest losses/mistakes and successes with trading?  (Read 514 times)
LongGamePlayer (OP)
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November 10, 2019, 01:40:49 PM
 #1

Any interesting stories to pass the time while we wait for the next boom?
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November 10, 2019, 05:20:37 PM
 #2

Once I listened to the advice of a friend of mine and invested all my money ($ 1,500) in a project. I lost all my money, but gained valuable experience. Since then, I listen only to myself.

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November 10, 2019, 09:10:19 PM
 #3

Any interesting stories to pass the time while we wait for the next boom?

i used to sell my NANO (then XRB) for like 100 sats daily.  many people did, it was easy to get and profitable
when it first launched it was given away from a faucet at 1000 coins per claim, and there was no timer on the faucet, you could claim all day. i got millions daily
i remember thinking it was broken and asking the dev and he said it was on purpose to get the coins out there

XRB got rebranded into NANO, and later had an ATH of 30+$ per coin.....     people had millions of coins, but we all sold them for cheap Cheesy

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November 10, 2019, 10:12:06 PM
 #4

Any interesting stories to pass the time while we wait for the next boom?
Two years ago there was a project called pillar(PLR) and I wanted to invest in it. At that time the price was almost around $0.05. I forgot it for some reason and after two months the price went up to $1.80. Obviously, the current price is much worse, but if I invested at the time I thought, it would provide good profit.
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November 10, 2019, 10:21:18 PM
 #5

My biggest loss was $ 100, I lost them by investing in pump groups. It's funny to talk about it today but at that time I had little experience on some things.
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November 10, 2019, 10:24:52 PM
 #6

Any interesting stories to pass the time while we wait for the next boom?


Loses i part in the trading and mistakes is part as human being however mistakes is the best guide to recorrect all wrong decision to make earn profits in trading, I'll remember my mistakes decision when I am a newbie in trading I can't control my emotions I saw my coins almost goes the price drop more than 50% so a newbies and lack of understanding I rattle and I sell it for quick until Imlear well how to handle emotions. And now I earn trading 10 to 15 percent a day depends on the market situations.
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November 10, 2019, 10:31:35 PM
 #7

I don't know if this is a loss or not but I lost $ 5,000 in assets that I had in 2017 because I put my money in coinsmarkets and from there I gained experience not to put money in any market.

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November 10, 2019, 10:35:25 PM
 #8

I bought a lot of coins that looks so promising at the time, the coin was OYSTER Shell and OYSTER Pearl
Great coin, great devs, great support, a brilliant future right?

But I lost more than 500 USD because I was absent of cryptos for one month and puff, the coins was dead and I ended with nothing

Now I only have big coins in my portfolio

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November 10, 2019, 10:52:08 PM
 #9

I think it's not the right board for this topic. But I will answer it.
This happened way back 2017 where all altcoins are pumping crazy. I was really amazed how I earned $20k within a day. But greed controlled me and I didn't sold it when it's still high. The altcoin dropped and never recovered from it, including me. One thing learned from it. Don't let greed control you.
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November 10, 2019, 11:15:31 PM
 #10

It was in past 2018 year. I participated in MVL chain bounty and get about 470k tokens. Token has been listed at IDEX exchange and price was very low so I just forget about this one, but after a while I checked the price of token and it begun slowly moving and after few days the total coast of my tokens grows from ~50$ to 1100$ and I sold it for 2 eth. And after a week price has growed in 3x so i lost about  2000$ because I had no patience. Sad

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November 10, 2019, 11:27:34 PM
 #11

Any interesting stories to pass the time while we wait for the next boom?

My biggest mistakes, buying the hype around the coin and keeps on believing that it will go on a parabolic rise, I didn't exit when all the signs are already there, I guess I have to keep my emotions out of the window early. I won't mentions the coins though, but most of them are also dying and I have no choice by to exit and suffer a lost.

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November 11, 2019, 12:22:00 AM
 #12

Any interesting stories to pass the time while we wait for the next boom?

The story that I regret in cryptocurrency is not selling tokens or coins when the price has gone up high and hoping the price will go up higher. This happens maybe because of greed who want to get a large profit quickly
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November 11, 2019, 12:25:05 AM
 #13

The one I can't forget is the bounty Ive joined for 4months straight knowing th project is just scam and I invested lot of time promoting it. Too bad we can't complain on such matter but that is also one of my greatest lesson not to join campaign without much reviewed.  After that tragic experience, I am very picky and strict on choosing my campaign to join.



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November 11, 2019, 12:56:07 AM
 #14

A while ago when I had just started trading cryptocurrency as a whole, I got liquidated for about $2,000 on a leveraged trading site. That was one of my biggest mistakes in trading in general, especially back then, and that was also a wake-up call to myself that I was risking way too much money for very little reward, and I worked for the next few weeks to retrain myself to both think and trade differently and develop a better-formed risk management plan as well.

It wasn't the end of the world because I had learned from that experience and I also didn't risk more than I could afford to lose at that time. Not all losses are terrible things, and I've actually learned about a lot of my own flaws through analyzing losses.
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November 11, 2019, 01:12:47 AM
 #15

i lose more than $ 5,000 on this bearish market, most of all i lose in oyster perl (PRL)

but i learn something from that mistake, it is stoploss. i didnt use stoploss when bought that coin

that's why i lose much money. in the next bull run, ill always use stoploss to avoid big lose

bcz without stoploss, what I have collected become lose

 
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November 11, 2019, 01:16:33 AM
 #16

Any interesting stories to pass the time while we wait for the next boom?
1 i had lost my access to my rai wallet (currently nano) i had bought 200k rai and this one might be my biggest loss in the my crypto history.
2 i have sold the majority of my assets a half of the peak price and most of them were getting sold around 60% from the peak price and i regret it.

Mostly i have been getting scammed by trade shitcoin like safeinsure or another coin. i was betting too much money on that and it has got dumped to the almost zero value instantly.

but that's better rather than losing my nano and it's worth more than a million dollars when it reached the peak price.  Cry


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November 11, 2019, 01:32:11 AM
 #17

My mistake was that I invested several times in new coins. I thought by investing in new coins I would get a big profit. apparently I was wrong because the new coins that I chose could not last long in the crypto market. so from that experience I now only choose bitcoin and some of the top altcoins. it's better to invest in the top 20 CMC coins than to invest in new coins.

 
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November 11, 2019, 01:44:41 AM
 #18

Don't wait for another price hike, when you see the price is already high, don't wait for it to get even higher than that. I experience this kind of strategy when the price of the coins I'm holding is finally got some exposure on the crypto industry and that was the reason it's price got increase suddenly. What I did is, I quickly sold my coins without a doubt of it might further increase later. thankfully, I sold it cause, after that pump, the price has fallen again and did not recover until now.

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November 11, 2019, 02:58:54 AM
 #19

Don't wait for another price hike, when you see the price is already high, don't wait for it to get even higher than that. I experience this kind of strategy when the price of the coins I'm holding is finally got some exposure on the crypto industry and that was the reason it's price got increase suddenly. What I did is, I quickly sold my coins without a doubt of it might further increase later. thankfully, I sold it cause, after that pump, the price has fallen again and did not recover until now.
what you say is true, we must not be too greedy if we have experienced an increase in sales immediately, fearing that later it will go down further as before when I originally traded, I made the same mistake as not selling when prices have gone up
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November 11, 2019, 03:02:13 AM
 #20

I once put some ETH on a project called EOcoin. This is because I got info from a telegram group that said this was a good coin. Since then I started to study EOcoin. What I see is that it's a good coin, starting from the team, platform, whitepaper, etc. But at the time of launch the market price dropped and I didn't get to sell it because of web traffic. From then until 2 months later there were no significant price changes above the ICO price. And finally I sell loss. Since then I learned that a good project is not necessarily a good price in the market.



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