Gemini24 (OP)
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Activity: 30
Merit: 1
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November 28, 2020, 08:39:56 AM |
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I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.
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palle11
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November 28, 2020, 10:06:59 AM |
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The saying is very true to me that you will only learn from your own experience and not from the others advice.
No the saying I like about experience is that " a wise man learns from another man's experience. In your own, you already talking like someone that knows that the action that you wanted to take to buy high is a wrong one or that something can go wrong but you went ahead to do that instead of waiting for another time. You wanted to pick a profit by forcing the market. So forcing the market is dangerous. I learnt this and I hope you did too. |
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poodle63
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November 28, 2020, 10:26:31 AM |
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Unforgettable experience = when you lose bunch of money from trades. Trading is really mentally exhausting and I really think that only very few people could bear with that.
Sometimes even with experience you still got emotionally affected by how the market moves therefore bad decision. I lost quite huge amount of money because I was greedy and selling too late. It feels horrible and not gonna forget that experience like maybe ever.
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Inkdatar
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November 28, 2020, 11:17:22 AM |
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We do have an unforgettable experience in trading. As far as I remember my experience was when I'm new in crypto trading, was selling the price of low because of panic selling. Fuds, fomo, was out of hand due to that time I'm just new due to lack of knowledge about trading plans and strategies. So in your experience you did learn from your mistakes and it is a nice input so that the next time session you will know what to apply.
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gibssh007
Newbie
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Activity: 160
Merit: 0
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November 28, 2020, 11:21:39 AM |
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My worst experience in trading was when I funded my forex live account after undergoing three(3) months training on how to trade the forex market.
Having the right strategy and set up before engaging into the market, all was going fine as planned until when I diverted from what I was been thought and started trading with pride,high lot size & without setting my stop loss 😔 all my effort vanished within an hour...😭😭
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Peanutswar
Legendary
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Activity: 1540
Merit: 1058
Top Crypto Casino
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November 28, 2020, 11:45:03 AM |
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Im not a professional trader but I know how to make a trade but this is just a small amount not like the other member because each amount I valued well because it's hard to earn profit and money right now due to this pandemic outbreak. Btw get to the topic for me one of the most unforgettable experiences in trading is I won my first trade without knowing anything just predict I always buy but right now I already know every time I move still it's better to make sure you are always conscious in market movement I'm not saying you always go for FOMO but if you want why not.
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Gotumoot
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November 28, 2020, 12:47:21 PM |
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When I randomly pick a coin and invest in to trade it the next day it is more on a gamble it wouldn't matter if it went up or down.
I was really stressed out that time and I invested all of my money that I hold on that trading site in a random coin.
Luckily it went up and I gain 3% from it after that I never try it again.
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Nhor1011
Member
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Activity: 994
Merit: 11
Daxetoken.net
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November 28, 2020, 01:17:43 PM |
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I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.
Everyone has it's own unforgettable experience in trading but you're right, you will learn from your mistakes and experiences. Although there are some people who teach and guide you, for me Experience is still the best learning method that we can use in our daily works specially in crypto trading . Everyone has made a mistake and that mistake will be a good lesson for us to learn. |
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pankowri
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Activity: 728
Merit: 63
$CYBERCASH METAVERSE
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November 28, 2020, 03:42:44 PM |
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I have some unforgettable experience in trading. If anyone ask me then I must say about my bunch of money which I had lost in trading. Because I was not matured in that time. Those losses make me strong and I came back with full swing with enough knowledge which I hadn't gathered before. My story is not so long that I had lost near $1k in a single trading and afterwards I had lost my BITTREX exchange account and still I cannot recover it. I have contacted their support but not get enough support to recover it. That was my history.
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Alucard1
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November 28, 2020, 03:57:20 PM |
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We have different experience in trading, on my part, one of my unforgettable experience is that when I do panic selling because of thinking that bitcoin could be zero and I am so afraid of losing my money but then I still lost my money because of that panic selling, I am so disappointed that time before because of not trusting the bitcoin, well we cannot turn back again those things, the good thing now is that we already know the lessons of those mistakes and it will now help us to become better in the future.
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sheenshane
Legendary
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Activity: 2408
Merit: 1215
Cashback 15%
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November 28, 2020, 04:40:14 PM |
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Experience is the best teacher, whether it's your own or other's experience as long as you have totally understood what went wrong and what went right including the things you need to improve as well as you need to avoid when things happen again. Everyone has their own unforgettable experience in trading either they lose a lot or earn profit more than they are expecting.
As for me, it is also the same as with the others that when I was still new in this industry and the first time I traded I almost lost everything, it was somehow stressful at first but I just cope up by considering it as a challenge to me that I should not quit from trading and become a loser.
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wxa7115
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November 28, 2020, 05:26:55 PM |
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I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.
I think many people have gone through similar experiences so I do not really think you are going to learn much from this experiment, at least to me when reading your post seems like you do not have a money management strategy, it is completely normal to make a losing trade from time to time and it is also normal too to lose control of your emotions from time to time and lose money because of it. But what it is completely wrong is that you lost 75% of your tokens in a single trade, basically now you need to get 300% in profits just to get even, do you have an idea of how hard is that? So it is better to not lose that money in the first place and the only way to do that is learn how to manage your money properly. |
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iamsheikhadil
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November 28, 2020, 05:57:44 PM |
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My surprise with trading includes not crypto but forex. I have never actually tried it before that time and I was surprised when I actually made a profit of $200. It was totally unexpected because I thought I would probably lose the amount but my $500 turned into $700 in a single day. But then I learnt that it was just my luck and if I continue to place orders then I might be in loss as well as I have to do really good research before making a good order.
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electronicash
Legendary
Offline
Activity: 3080
Merit: 1051
Eloncoin.org - Mars, here we come!
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November 28, 2020, 06:03:59 PM |
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i learned not to buy when prices are starting to increase anymore.
don't chase the price when it's going up. remember to peep the chart again because normally what goes up will always come down. you just keep monitoring the prices on coinmarketcap, there will always be a chance to buy. now, if the train really leaves you behind, take another train but hold on to what you still have.
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noorman0
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November 28, 2020, 06:34:43 PM |
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Very strange but this is the truth.
Many traders regret some things that are sometimes unnecessary because they have not actually suffered losses. One of them regretted missing a trend opportunity. Yet if they let FOMO rule it and force themselves into the trend, they will be more at risk.
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This space for rent. Available in mid January 2024 - PM me |
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death69
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November 28, 2020, 06:42:43 PM |
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I was once lost more than $2000 in a single day with forex trading. Forex trading always use leverage to enhance our capability to earn money. But I was a novice in this activity and being greedy was my normal experience. I cant accept my loss. Therefore, martingale was my choice to earn more and more money. But with a big string of loss, my balamce disappeared.
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Oshosondy
Legendary
Offline
Activity: 1442
Merit: 1126
Gamble responsibly
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November 28, 2020, 07:21:00 PM |
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What I have noticed about trading is that beginners do lose, they can never forget the loss they had during when they first started trading, if they gain, they would never forget that too, which means the first trading experiences matters. After subsiquent trades, there are many things that will happen but be forgotten. But what I know traders may also never forget is when they lose high amount of bitcoin or altcoin while trading. Like me I hardly find it difficult to forget the day I lost coins to trading when I first started and of the days I lost much than I can imagine.
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acener
Full Member
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Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
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November 28, 2020, 07:31:13 PM |
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My unforgettable trading experience would be my first ever trade I still remember how happy and proud I was when I gain profit from it.
I remember almost spending half of my earnings to celebrate it with my friends.
By the way it was just BTC to Fiat.
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eXtremal
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November 28, 2020, 07:40:50 PM |
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In the beginning of my experience, I was even very in a hurry to trade if I saw a new coin or token and suddenly the price jumped up, there I immediately bought it in a hurry, but in a matter of minutes it was even unexpected because the price fell. very drastic and I immediately sold it because I didn't want to lose more and more, and after some time it turned out that the price of the coin went up too, so what I got was the conclusion, to keep emotional and stay relaxed, because in trading it is also very necessary to have patience and the main thing is often reading the crypto daily news that we like
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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November 28, 2020, 07:48:57 PM
Last edit: November 30, 2020, 11:17:49 PM by seleme |
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Years ago, I have made a mad decision with trading the high volatility on a margin trading account that has more than 1:2000 leverage. The total time during entry/exit from trades was less than 5 minutes and I have made a $2000 profit on the first minute of trade and whipsaw has caused a $9000 loss on the third minutes. The crazy volatility was caused by the unexpected news and I didn't use limit or stop orders. The margin trading has such side effects and if you check the Bitmex liquidation bot, you can find many crazy margin traders with million-dollar balances and they love to throw away the trades in millions.
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