I am doomed on trading

[Ararbermas]

Trading isn't an easy way to multiply money.. It requires a lot of time and efforts in order for us to gain profits after all.. Now look what happened to you wherein after making decisions without any specific information about it. Sorry for your loss because its not refundable.. Maybe this is a kind of leason for you to prevent doing mistakes in the near future. But despite of this i suggest to keep in mind that it just part of our life, don't lose hope   

[wxa7115]

After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?

I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.

I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless

As others have put it begging is forbidden in the forum, with that out of the way you made too many mistakes and when that happens there is nothing to do but to accept them, to begin with it seems to me you bought something that you do not really understand and that is a capital sin, second you decided that you were going to become a trader and feed your child that way, there is only one problem with that more than 95% of traders lose everything they had in just a year.

Why do you think you are going to be different than them when the majority knows more about this market and trading in general than you do? We need to use our common sense otherwise this is going to keep happening to you.

[gabbie2010]

You should have started trading with the amount of money you can afford to lose, personally I started trading with Binance app using $100 only just for a test so as to get use to all their features while navigating all their interfaces and learn it uses and I tried all kind of strategies for trading  trials although some losses was incurred while I also profited before settling with one strategy, in a nutshell It took me several days to understand how to trade eg spot, margin (close Margin and isolated margin) I also expect the OP to do same.

[isaac_clarke22]

~

I feel bad for you actually, but why did you decided on the first place to buy coin in Binance if you are the one carrying the your family's finance in the first place.

You should probably sell that already to your local currency, OP. Market is going crazy right now.

[martina14]

After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?

I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.

I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless

In the first place I feel sorry about your sad experienced in doing trade here in cryptocurrency. Second, you shouldn't be desperate if you encounter lose in your trading. Third, I am pretty sure that you are not the only one who is jobless we are many actually all over the world now because of the pandemic. And don't be hopeless too because there is always hope, if there's a problem surely there is a solutions waiting for us with this thing.

[cyriljundos]

Losses are just normal to traders, not all the time you wre gaining,there are times that your investment will get low as you go by trading, learning in your losses is just normal for us traders, sometimes we are frustrated about wrong coin choices and we tend to lose hope but just kwwp pushing in trading and be wise in buying alt coin pairs.

[MURONDI]

After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?

I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.

I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless

my advice is not to trade if you are not ready for the risk, you need to know, many people who lose money in crypto trading, those who think will not use the main money to trade, Tranding is not something easy, study it first and only use your pocket money so you don't regret it in case of a loss.

[Hypnosis00]

Losses are just normal to traders, not all the time you wre gaining,there are times that your investment will get low as you go by trading, learning in your losses is just normal for us traders, sometimes we are frustrated about wrong coin choices and we tend to lose hope but just kwwp pushing in trading and be wise in buying alt coin pairs.

But sometimes it never makes sense pushing ourselves to a thing that we are not fit into coz it is just like we are throwing our money so easy. If feel disappointed and frustrated in trading the more it becomes worse and we ends losing everything we have. It is neither to choose another opportunity rather that staying to trading that seems are not meant for us. We better have a clear understanding towards ourselves and trading in order not to hurt ourselves in the end.

[DigitalFox]

Let me get this straight. First, you have no idea at all about crypto and ask questions in the beginners section (which is perfectly fine). Then, you discover Binance and having no idea what you're doing you lose your money. Then all the crying about a promising baby starts.
Solution:
- don't get yourself into something you have no idea about
- Study the subject before you partake it it
- Learn your lesson and move along.

PS
- Trading != "print money" button, same with any investment

[slaman29]

Trading isn't an easy way to multiply money.. It requires a lot of time and efforts in order for us to gain profits after all.. Now look what happened to you wherein after making decisions without any specific information about it. Sorry for your loss because its not refundable.. Maybe this is a kind of leason for you to prevent doing mistakes in the near future. But despite of this i suggest to keep in mind that it just part of our life, don't lose hope   

I think people really need to screw their heads on straight. It's not a legitimate way to multiply money, so easy or hard doesn't really even do it justice. It's a risk, extremely high and higher still for crypto. Most people will end up treating it like gambling, in which case you could even be better off gambling!

[el kaka22]

It is not just one person, it is i not just group of people, it is a whole bunch of people in tens of thousands that fail in trading, including me. Some people are both unlucky and do not have the patience to just day trade all day every day, it is both very hard to learn how to do that and study to become better, but also even if you are great at it, the job itself is not as cool as portrayed in Hollywood movies.

You do not just open up 5 monitors every day, all looking at different charts and make trades all day sipping coffee, that is what you look like from outside but the reality you are dealing with thousands of dollars at minimum, some do it with millions of dollars, you could be up 200k+ one day or down 200k+ that day, having the balls to sit through those and making right decisions even after those things require a lot of expertise and a lot of emotionlessness.

[ice18]

I'm curios what happened to your order? Did you use leverage trading? If yes then I assume you lost all your money based on your story since this kind of trading is too risky If you are not skilled enough spot trading is more advisable than leverage yeah you can gain fast and huge and you can also lose really fast just a blink of your eyes your hard earned money will be lost its just like a gamble, my advise is to search for a job for now and if you have enough funds you can go trading again but learn and practice first.   

[MCobian]

After purchasing my first coin on binance. I had over $400 worth of Bitcoin. Been a single mother of one promising child I decided to trade my coin so as to afford to feed my family without touching the $400 I have been able to save over the years. Everything went smooth not until I decided to place a buy order. I have never traded before this happens to be my first experience and it turned against me. How do I cope with this and how do I feed my son?

I haven't spent enough time with binance app. I was trying to study the app when I came across the trading aspect of binance app and been so desperate to start earning so I can feed my son I had to take the risk. Currently I am doomed and I don't have a job to fall back to. I do I explain to my baby I have lost our hope of survival.

I wish I can upload my binance screenshot on the forum for proof currently I'm helpless and I need full assistance at this point. I am sorry if I am not supposed to post this on this forum. But I just have to device an alternate means to cover up my lapses before things get out of hands and beyond what I can afford to control. I wish I can get help or suggestions on how to go about this considering the fact I have gone hopeless

This is a lesson for you, don't trade using all the money you have. Moreover, you do not have good trading experience and knowledge. I am sorry
for the situation you are in, especially if you are a single mother who has to feed your child. I recommend that while for the cost of meals,
can ask for help from family or neighbors. And don't make trading for your job, find a job that matches your skills in the real world. If you already
get a job with a fixed salary, you can set aside some of your money to learn and start trading again.

[Dilerium90]

Many novice traders enter the market without any risk management system and without a long-term strategy. This is normal. But they are bound to lose money. This is the price for knowledge. Without good risk management and strategy, you won't last long in the market.

[lovesmayfamilis]

Alisha-k, I would like to warn you that all your messages can be easily read in the message history. By some unknown incident, I often come across your posts and forgive me, I do not see any logic at all in your actions.
On April 20, you ask questions about wallets, then completely ridiculous questions about the Binance exchange, and after two days you write about your results.
I don’t know how sincere you are, but if you decide to become a trader in two days, then you should not blame anyone for your failures. I will not write about the fact that you cannot get rich in a year in cryptocurrency, let alone the fact that without experience, the loss of your money will be obvious.
You have written many posts about how you like to read and study everything, but your rush has played a cruel joke on you from experience.
I'm sorry, but I don't feel sorry for you.

[xianbits]

Alisha-k, I would like to warn you that all your messages can be easily read in the message history. By some unknown incident, I often come across your posts and forgive me, I do not see any logic at all in your actions.
On April 20, you ask questions about wallets, then completely ridiculous questions about the Binance exchange, and after two days you write about your results.
I don’t know how sincere you are, but if you decide to become a trader in two days, then you should not blame anyone for your failures. I will not write about the fact that you cannot get rich in a year in cryptocurrency, let alone the fact that without experience, the loss of your money will be obvious.
You have written many posts about how you like to read and study everything, but your rush has played a cruel joke on you from experience.
I'm sorry, but I don't feel sorry for you.

That was too honest dude, but I believe she has to hear it too. If that's really the case, the lesson here is, our will or urge should not overpower knowledge or education. In her case, she has a lot of will but not enough knowledge. We must think that our will could be our driving force to learn and be wiser in what we do.

[SacriFries11]

Trading isn't an easy way to multiply money.. It requires a lot of time and efforts in order for us to gain profits after all.. Now look what happened to you wherein after making decisions without any specific information about it. Sorry for your loss because its not refundable.. Maybe this is a kind of leason for you to prevent doing mistakes in the near future. But despite of this i suggest to keep in mind that it just part of our life, don't lose hope   

OP should be careful next time, it's hard to lose the only money you have left. One of the golden rule in crypto is that "Invest only what you can afford to lose". It's very important that newbies have sufficient knowledge to about trading. Sometimes newbies are overconfident that they forget about risk management. Sometimes people place the wrong value in order resulting to quickly sell at a small price. That's one of the simple things but if where careless we might lose large amount of our money.

[Kelvinid]

Every action and decision must be taken seriously and must have a plan (A/B). OP still new to trading and it was a crazy thing she thinks about putting huge money into a thing that she never works before or, has knowledge about it. What she after is to make her money grow faster but unfortunately, she chooses to trade and everything turns very unlucky.

I feel too much regret from her but it is done already. Too bad but that is how life evolved in trading resulted in a very disgraceful scenario when we are not fully prepared for this. It is a sad story that everyone should be aware of, otherwise, it might also happen to us.

[Zilon]

What cryptocurreny pair were you trading and what strategy did you apply. If I got you right you have never traded before and this happened to be your first experience.

Accept what has happened and move on. If you love to trade then I suggest you get trained. Get the skill and the earning is yours.

[SirLancelot]

Accept what has happened and move on. If you love to trade then I suggest you get trained. Get the skill and the earning is yours.

I guess all traders do not have any other options except accepting losses and move on to next available opportunity so that we may easily recover the losses and then will try to maximize the capital. Yeah, instead of staying within losses and its frustrations, start looking for new opportunity will help any trader to find their fortune out of crypto trading.

Learning skills will be crucial. To change the profit line of trading, every trader must look into continuous learning opportunities. When are good with skills then we can easily avoid getting doomed time to time. Facing losses is not a big thing in trading but focusing on things for not facing losses will help.