Anamika1000
Jr. Member
Offline
Activity: 111
Merit: 1
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July 27, 2021, 07:02:15 AM |
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My mistake was that I didn't study the coins and didn't analyze the coins, due to which I had gained many losses in this trading platform. In trading analyzing the coins is very important. Most of the traders failed to do so which results in a loss of profit.
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Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
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July 27, 2021, 10:44:03 AM |
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If I remember it correctly, It was 2015 when I withdraw my BTC and other crypto investment I have and invested it with the local stocks. It's a win-win for me at that time still earned profit instantly regretted it after a while. In 2017 or 2018, *this doesn't happen to me* I couldn't stop my friend from joining a scam *I knew it when he said it to me* but he insisted that it wasn't. Months passed by and I was able to bump into him again, but then he told me that he should've listened to me that day. He lost his entire savings and somehow got into trouble from the loan sharks. Even though it's my mistake, but can't help to feel guilty I should've persuaded him more. In 2019, been inactive in the crypto world and was focusing on my career. I can handle doing both, but since I was preoccupied with useless stuff, I lost many opportunities to enhance my skills in trading and investing. Again, I regretted it up to now In 2020, lost one of my investments with a possible high return due to miscalculation. I was greedy at some point in the process and forget my goal. I still earn but below my initial target, well-planned things sometimes don't happen. In the other hand small profits still better than losing your money because of being greedy. There's still lots to learn while staying inside this market, not easy and surely it's not the last time that you'll face or encounter mistakes and chances of losing some and regretting with wrong decision-making, but everything have reason if you are willing to take the challenge and keep trying to improve yourself while still working inside this business.
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Mahanton
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July 31, 2021, 06:52:26 PM |
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First of all my worst miatakw is that i have not bought bitcoin when it was so cheap. Secondly i Bought Cake token when it was 0.26$ but sold all at 0.4 After that i bought at 2$ price and sold at 6$ price. If i had hold i would be a richer man.
The second isn't a mistake but a regret that you've sold earlier. But the first one is a legitimate worst mistake by everybody that we've missed buying bitcoin when it was truly cheap. We're only thinking of how low it was before and never bought because we've considered it to be expensive during those times. We are guilty of this mistake but there are circumstances which cant really be considered since we arent really that financially capable but to think that we can purchase out bitcoin in parts or fractions then we would really be thinking that it was really indeed a mistake for us not to take some risk.In result when the time comes that bitcoin reach out some all time highs then we do start up on minding that if we had able to buy earlier or to those times where it was cheap then we might really be rich as of this moment.Well, mistakes are inevitable due to some circumstances but we do need to move on and do all things that would really be giving out some potential on making profits in the future but of course everything isnt an assurance.
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killerman2
Member
Offline
Activity: 106
Merit: 11
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August 01, 2021, 02:33:42 PM |
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My big mistake in the field of trading was not having patience at the first, through which i had gain a lot of loss due to not having patience, which is very important in trading. I hope you should keep patience while trading which is really needed while holding some coin.
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livingfree
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August 01, 2021, 05:12:14 PM |
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My big mistake in the field of trading was not having patience at the first, through which i had gain a lot of loss due to not having patience, which is very important in trading. I hope you should keep patience while trading which is really needed while holding some coin.
Not only patience actually. There's more that you need as you trade because it's a never ending learning process and earning at the same time. With those loss that you've made in the past. That shall teach you how to be a better trader as you trade again.
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Furious 7
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August 01, 2021, 05:41:27 PM |
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My big mistake in the field of trading was not having patience at the first, through which i had gain a lot of loss due to not having patience, which is very important in trading. I hope you should keep patience while trading which is really needed while holding some coin.
Not only patience actually. There's more that you need as you trade because it's a never ending learning process and earning at the same time. With those loss that you've made in the past. That shall teach you how to be a better trader as you trade again. What is needed in trading includes a lot of skills that must be qualified, I think we know how the market moves so fast and here we can learn how to be patient and wait for a good momentum and don't be in a hurry to make a decision, choose what you need because of that of every principle of a trade. Indeed, losses can be a lesson for us, but still we must be able to return something bad for the better because in trading we need a strategy that fits us.
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livingfree
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August 02, 2021, 12:11:18 PM |
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My big mistake in the field of trading was not having patience at the first, through which i had gain a lot of loss due to not having patience, which is very important in trading. I hope you should keep patience while trading which is really needed while holding some coin.
Not only patience actually. There's more that you need as you trade because it's a never ending learning process and earning at the same time. With those loss that you've made in the past. That shall teach you how to be a better trader as you trade again. What is needed in trading includes a lot of skills that must be qualified, I think we know how the market moves so fast and here we can learn how to be patient and wait for a good momentum and don't be in a hurry to make a decision, choose what you need because of that of every principle of a trade. Indeed, losses can be a lesson for us, but still we must be able to return something bad for the better because in trading we need a strategy that fits us. In making such decisions. Yes, it's a must that you shouldn't be too quick in making one but if you're in a rush and that you have to make a decision. Make sure that you're doing the right thing. Despite the lapses of your decision and it's needed to be done quickly, you're doing the correct one.
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juliepower
Member
Offline
Activity: 200
Merit: 12
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August 04, 2021, 05:56:00 AM |
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Worst mistake I think not having patience and selling early . Patience is most important in trading and second important don't be planned in greedy way to make quick profit.
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isaac_clarke22
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August 04, 2021, 06:04:39 AM |
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~
Felt bad for your friend being surrounded by these loan sharks. It is not your fault though, since you mentioned that you weren't able to stop your friend. In the end, if you can't persuade someone to stop doing it then that is where you stop trying to do it. I suppose that is an MLM scam, because that is quite common among friendship and even my closest friends tend to mention me that back in the old days.
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jossiel
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August 04, 2021, 08:28:05 AM |
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Worst mistake I think not having patience and selling early . Patience is most important in trading and second important don't be planned in greedy way to make quick profit.
Majority of us sold early. That mistake can be corrected with our next actions so if you think that you've sold early then you have to correct it. Do not sell if you think the price is quite low. Patience and discipline so you won't be panicking.
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Luke Jackson
Newbie
Offline
Activity: 5
Merit: 1
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August 05, 2021, 06:29:56 AM |
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Faced with my own level, my biggest mistake is to trade back and forth, with fewer and fewer coins in my hand. I came to the conclusion that the most correct way is to remember to buy when it falls, not to toss.
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Pamadar
Legendary
Offline
Activity: 2982
Merit: 1028
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August 05, 2021, 10:47:03 AM |
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Worst mistake I think not having patience and selling early . Patience is most important in trading and second important don't be planned in greedy way to make quick profit.
Majority of us sold early. That mistake can be corrected with our next actions so if you think that you've sold early then you have to correct it. Do not sell if you think the price is quite low. Patience and discipline so you won't be panicking. Experienced really play a lot to improved our ways while working with our investment. For sure most traders experienced the same thing and to improve that, you must assess deeper and analyze your actions. Trading is for those who are willing to keep improving their strategy, those who are willing to keep enhancing their chance inside this business.
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NewRanger
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August 05, 2021, 03:37:17 PM |
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Worst mistake I think not having patience and selling early . Patience is most important in trading and second important don't be planned in greedy way to make quick profit.
Majority of us sold early. That mistake can be corrected with our next actions so if you think that you've sold early then you have to correct it. Do not sell if you think the price is quite low. Patience and discipline so you won't be panicking. Experienced really play a lot to improved our ways while working with our investment. For sure most traders experienced the same thing and to improve that, you must assess deeper and analyze your actions. Trading is for those who are willing to keep improving their strategy, those who are willing to keep enhancing their chance inside this business. I think trading is for those who can control their emotions. trading strategies tend to stagnate, as long as we can know the weaknesses and strengths of the strategies we use. the thing we have to realize is that there is no perfect strategy so we must be able to respond if our strategy is wrong, and vice versa when we reach the set target, we don't have a sense of pride or pride in ourselves
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Lordshiva
Full Member
Offline
Activity: 840
Merit: 126
Welcome back 🙏
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August 05, 2021, 03:40:14 PM |
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The mistake which i do most of the time is not being sure when to sell back the coins. I may be in profit but my mind does not clear that should i sell at this time or not because there is always a thinking in mind that it will grow more, so my main worst mistake is being greedy which i am trying to control in future.
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Smartvirus
Legendary
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Activity: 1610
Merit: 1151
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August 05, 2021, 04:53:26 PM |
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One who haven't made mistakes on trades is one without experience and without experience, your hardly a good trader. I've got some really erroneous days with the market that I can hardly recount it all but, one of the major causes of my loss back then was giving in toy emotions. Emotions of greed that, even when the trade goes well, you still feel the need to keep trading and pick every move in the market. A complete lack of a proper trading plan and it did hunt me for the early days of my trading. Its just a good thing that we've got go learn at some point. That's if your able to discover your mistakes and I did mine. Ever since then, its been me struggling to make things a right with my trades and its quite better now.
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Sanugarid
Full Member
Offline
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
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August 05, 2021, 05:02:29 PM |
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Mine would probably be turning my back on crypto because I had a really big loss, it was back in 2018 and although I have already moved on and have recovered those losses a long time ago, I still am bitter with the times that I was inactive in the market and not having any stake in it.
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bitcoinst
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August 06, 2021, 11:16:37 AM |
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Perhaps FOMO will be my biggest mistake. At that time I was playing poker and I had a normal amount of money. I invested them in one coin, which has already increased in value and promised further growth. As a result, immediately after the purchase, the price collapsed by 45%, I decided to wait, and as a result, it collapsed by another 40%. It was a failure. Moreover, I fixed the minus right before the rise. Fiasco.
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suryana
Sr. Member
Offline
Activity: 1218
Merit: 254
Trphy.io
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August 06, 2021, 01:16:28 PM |
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One of my worst mistake so far is investing in a scam website before when I was a beginner, that time I don't have yet enough source of money so even though I only lose $40 that time I felt really sad because it is hard to earn that amount of money when I was a beginner that time cause I don't have work and I am only student. The second mistake that I have done is that I am always investing in a coin without doing any research before.
This is the same thing with me at the beginning, I often used to buy a copy without analyzing, without looking for information about the coin, lazy to enter the forum and ask questions. From there I only bought coins that were going down but didn't know that the coins were falling deeper. But this has been a good experience for me so far.
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BitTraderCute
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August 06, 2021, 03:18:42 PM |
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Perhaps FOMO will be my biggest mistake. At that time I was playing poker and I had a normal amount of money. I invested them in one coin, which has already increased in value and promised further growth. As a result, immediately after the purchase, the price collapsed by 45%, I decided to wait, and as a result, it collapsed by another 40%. It was a failure. Moreover, I fixed the minus right before the rise. Fiasco.
Its happen to us, every traders or investors ever passed this stage. trapped in believeness and hope make us forget what actually happen to market movement . beginer always thiking when they hold assets , the value could recover again someday but the fact is not like this. by this mistake we could take important lesson , believeness and hope should not dominate our mind when we have position in market.
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ali1177
Jr. Member
Offline
Activity: 238
Merit: 1
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August 07, 2021, 03:03:01 AM |
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When I started crypto trading I had made several mistakes like not setting the stoploss,not setting the target price, buying coin which is already up, and my biggest mistake was leverage trading which was the reason I lose my 95% of portfolio I will recommend you if you are beginner then please stay away from leverage trading.
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