I am doomed on trading

[Raflesia]

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.

If you only see profits, I think this will lead to losses because he doesn't know the real basis of trading, actually by spending capital is not a problem as long as we can process it in his portfolio even though this must be planned so that his trading becomes more organized and can be rated better.

In regret, there is definitely a risk that must be taken, remember trading can change everything, meaning it evolves from losses and vice versa, therefore whatever is already done with the scenario that has been done, I think I have to take good steps if even capital still remaining can still be managed again in the trade that has been planned.

[slaman29]

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.

But don't be surprised by this. Crypto people are a lot like the forex traders you'd find online like 10 years ago. They saw an ad telling them they can make x10 money easily.

They just go online asking random people random questions and have no patience so dive right in.

[Pokapoka124]

Whether experienced or not, no trader has had only profits.
When making a trading decision in general, give it a minute and check if you're doing it from emotion or logic.
We are human and can be emotional. We all at some point face a loss that might be hard to deal with. This can negatively drive our emotions which often leads to poor decision making.
If you ever find yourself in such a situation; sit back, and critically anlayze what went wrong. Evaluate your mistakes and learn from them instead of acting out.

[Julien_Olynpic]

The author of this topic broke many rules at once that beginners must follow. These are well-known rules and it is foolish to ignore them.

1. Trade only with those funds that will not be critical for you to lose.
2. If you have no experience, then do not trade with big money right away. Invest your time first.
3. If the trading results are not very good, then it is better to try hold.
4. Moreover, newbies hold 99% of the time.
5. Have enough fiat in your portfolio in case of averaging.
6. Don't use leverage.

[Yatsan]

It seems like you have got engaged into something that you still do not certainly know about making you get into the situation of getting hopeless because if you do knkw what you were doing, you can be up into something to manage what you have done with. Also, you seems likely to be unfamiliar with Binance app the reason why you were exploring it to get yourself knowledgeable about it. Be mindful of the things you do click even if you do not know it because it is your fault once you mess up.

[adzino]

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

So you risked your (only?) money that you had on trading and lost everything? You do know the golden rule right? Trade what you can afford to lose. You couldn't afford to lose the $400, then why did you even think about trading it? Think about it as a lesson that you have learned. You paid $400 for it.
Now there is nothing you can do. Move on. Make no such mistakes in the future. Try earning back those $400. Work a little extra till you have earned those losses back.

[bitgolden]

It seems like you have got engaged into something that you still do not certainly know about making you get into the situation of getting hopeless because if you do knkw what you were doing, you can be up into something to manage what you have done with.

Yeah, that must be very basic of getting into cryptocurrency trading. We are having lots of other options to explore ourselves to get familiar among trading environment and trading strategies so we never need to risk with our original capital and real trading environment. For example, demo accounts and fake-money based trading apps are available for this exact purposes.

Losses in trading cannot be reverted back so we need to be conscious whether we are doing perfect or not; when you're not having enough confident on what we are doing then it would be better to stop right away rather than struggling later on.

[peter0425]

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

You are doomed from trading and asking Help here but what is the thread you created in gambling?

are you really doomed because of trading or you have just gambled your funds?

I have been here for quite a while studying the gambling thread to understand if there are restrictions to female posters on gambling although I haven't found limitations on the forum so I guess this is inverably giving me the open slot to do my predictions and engage in spots betting as well as casino game discussions without been any form of negative trust.

I so much value my participation on the forum and I dream of utilizing this noble forum to get proper knowledge about the world that revolves around me. I believe this forum is a better avenue to explore every continent as well as the games mostly played in such areas.

Gambling most especially on casino games sych as poker, blackjack, monopoly and a few others where i would love to engage more in getting invloved in interesting thread on this area as well as create interesting thread as well . Hope I'm welcome to the world of open gambling and games discuss

Sorry but i don't think it is appropriate to trade and gamble at the same time because you are only risking all your chances.

[iamsange]

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

Hope you can get money back. Maybe start looking for a job that can allow to bring baby is worth to do than nothing. Since you not mention sell order what i assume is you do future trading which can make us get liquidity without do anything with our orders. For others too, future trading maybe look very easy to get profit but it is only look, behind people's profit there are a lot of works and maybe even they really do hard to get profit so it can't be same for each other people.

[beerlover]

We are having lots of other options to explore ourselves to get familiar among trading environment and trading strategies so we never need to risk with our original capital and real trading environment. For example, demo accounts and fake-money based trading apps are available for this exact purposes.

You're not the first one to suggest about these but unfortunately people are committing their own mistake to learn their own lessons, I guess no one could do anything about that.

Making use of demo accounts for getting familiar with trading strategies and all other basics, is the first stop every trader must need to do, but I'm not seeing any of my friends as well doing that. They are all in rush to make big profits out of crypto trading because they do not want to miss currently available opportunity but usually they are ending up in losing their capital rather than catching up any new profits.

[wxa7115]

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

As simple as that, I understand that people may get excited when they first find out about the existence of bitcoin, in fact I know that was the case with myself as well, but our common sense needs to take over, even the quickest research about trading indicates it is an activity with less than 10% success rate, and if you are a newbie the success rate is as close as zero as it can be.

This is why the best move that a newbie can make is not to invest in X or Y coin rather the best movement is to begin to ask questions on the forum and read a few books about trading, once you do that you could be ready to invest in bitcoin and after some years have passed altcoins could be on the cards.

[wahyu wida]

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

Hope you can get money back. Maybe start looking for a job that can allow to bring baby is worth to do than nothing. Since you not mention sell order what i assume is you do future trading which can make us get liquidity without do anything with our orders. For others too, future trading maybe look very easy to get profit but it is only look, behind people's profit there are a lot of works and maybe even they really do hard to get profit so it can't be same for each other people.

feelings of regret are bound to be experienced in times of such situations, but we should not linger in regret. the next action is that we have to determine the steps whether to remain in the world of trading or switch to other fields of work. regret must end

[LUCKMCFLY]

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

As simple as that, I understand that people may get excited when they first find out about the existence of bitcoin, in fact I know that was the case with myself as well, but our common sense needs to take over, even the quickest research about trading indicates it is an activity with less than 10% success rate, and if you are a newbie the success rate is as close as zero as it can be.

This is why the best move that a newbie can make is not to invest in X or Y coin rather the best movement is to begin to ask questions on the forum and read a few books about trading, once you do that you could be ready to invest in bitcoin and after some years have passed altcoins could be on the cards.

What they say is a bit harsh but has all the logic possible, many times people enter the market operating with the best desire to win, but what they do not measure is that they risk their money and the danger is that they can lose everything. Whenever this type of thing happens, the affected person must study and reflect that trading cannot be taken as a game, that trading must be taken seriously because you are risking your money, that 95% of traders lose and that if you have luck and win at the beginning at some point the luck will run out.

For this type of thing it is best to study very well each step you can take, this in a commercial decision, before carrying out any operation it is better to test the strategy by operating with fictitious money to test the plan and learn how to use the platform or exchange well to react in time in case the market goes against it.

[Kong Hey Pakboy]

It seems like you have got engaged into something that you still do not certainly know about making you get into the situation of getting hopeless because if you do knkw what you were doing, you can be up into something to manage what you have done with.

Considering that OP is still a newbie, I think that he/she did engage in something that is completely unknown to OP. My advice to OP is to stop trading for now and try to practice and learn more about trading, you can read the basics and practice on sites that have a paper trading to experience trading without losing any money.

[Kocret02]

If I understand your story correctly, you just placed a buy order right then you didn't mention that you do some selling. I also doubt you will sell at a much lower price as you are on the mission to gain more.

What you have is just a paper loss. What coin did you buy? Just have patience holding it. And remember, trading shouldn't be a source of your income especially if you don't have any source of stable income.

It looks like he is stuck at a low price, maybe he should learn more from the existing case and that can be used as a way for him to use his assets well instead of having to ask for help here.

[Ziskinberg]

It seems like you have got engaged into something that you still do not certainly know about making you get into the situation of getting hopeless because if you do knkw what you were doing, you can be up into something to manage what you have done with.

Considering that OP is still a newbie, I think that he/she did engage in something that is completely unknown to OP. My advice to OP is to stop trading for now and try to practice and learn more about trading, you can read the basics and practice on sites that have a paper trading to experience trading without losing any money.

It was a lesson to learn for her and for everyone who is planning to be in trading that we need to prepare ourselves first.
Most of the traders got overwhelmed because of seeing other traders get a huge profit in trading but they don't bother to ask them what they do. They are simply jumping into a place where it supposed it wasn't the time for them. They are in the hurry because of money but too sad that it only costs them to lose everything just like how OP ends.

[wekael]

@OP
I would learn proper risk management. Its a good way to start with money you could afford to loose until you move the next money in next time. Lets say you invest every month $500 then you only buy with 1/4 of it instead of all in. If it goes down your mental health will be much better and you can invest more. Dont hunt the max profits, its not worth the risk. Good luck.

[Sinjokubhi]

If I understand your story correctly, you just placed a buy order right then you didn't mention that you do some selling. I also doubt you will sell at a much lower price as you are on the mission to gain more.

What you have is just a paper loss. What coin did you buy? Just have patience holding it. And remember, trading shouldn't be a source of your income especially if you don't have any source of stable income.

Yups, I think so too, if possible, don't make trading your main source of income. Because as you are experiencing right now, if you lose all of your money, it will never come back to you. Better, if you can afford it, start taking on small jobs so that you can also look after your children too. For example, being a maid. Maybe this seems very low for an example, but considering your child is still a toddler, it will be difficult for you if you are not accompanied by your husband. Like it or not, you will have to become a solo career, to pay for all your daily needs, and send your children to school.

Therefore, my advice is not to make trading your main source of income, if you want to start again and keep in mind trading cannot be done carelessly. It may seem easy we just have to buy, sell or hold. But all jobs must be called skills. At a minimum, you have the basic skills to trade. To know how and what action you should take when faced with various situations. Maybe you have made a profit without any knowledge or skills, believe me it is just luck. Instead, you start looking for a job for which you will definitely get paid or profitable. Because in trading you really have to be ready to lose the money you are trading. Therefore, trade with capital that you are prepared to lose.

[EiKaGlaShPriSAThWEl]

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 think as a beginner we should not put big amount of money because it is very risky and we might lose it all in a blink of an eye if we commit a mistake. As a beginner, we should only put an amount that we can afford to lose. As a beginner, we should have or conduct a research on what we are doing because even though we see others earning big money from here, we do not what they've been through to earn that. I do not know what coin you're holding now but I hope it is not a shit coin or else maybe it is much better to cut your losses and try to trade some other promising coins.

[isaac_clarke22]

~

Well seeing the some people fail in forex trading, it is expected that they'll go from here like it will be the same as their experience in forex trading and then just end up failing because both are different from each other or it could also be their alternative source of income just because they earned the same way in forex trading, but hell I know that when you start here in crypto trading, you'll have to start from scratch like you don't know a single thing in trading.