your worst mistake

[chichigirl]

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

My worst mistake is getting panic when the price of BTC go down. I always do some selling with it until I finally stop it since i already get more losses than earning. When you are new into something, it is important to learn first before doing anything because you may get more losses when you trade without any idea how to manage your investment.

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[bitcoinst]

I always follow Elon musk announcement and instructions but very recently I invested dogecoin and Bitcoin following elon musk tweeted but trust me I already lost more than $3650  tweeted from Elon musk tesla company suspended bitcoin . What's a crucial decisions made by elon musk!!!

It's my the worst mistake...

You should think for with your own head.
Elon Musk "just says" and you take action. He first says bitcoin is good, then he buys bitcoin, then sells it for a "test," and then he says bitcoin is bad because ecology is important.
You repeat all these actions after him? What's the point of this.

Agree. It makes sense to use "jolts" from Elon and others like him in order to make money in the short term.
However, there is no point in blindly following his statements, given that he has a rather mediocre relationship to the crypto world. You must always think with your own head and in advance.

[rahmatullah9305]

A few mistakes became an experience for me, bad times in trading happened to me due to panic at the start of the year trading in crypto. I sold them early because I was afraid the losses would be bigger, this was because I didn't understand the potential of altcoins and didn't know the market conditions. Plus daily necessities made me sell them faster, and this is also my fault for lack of financial management.

[Alisha FR]

My worst or siilly mistake when I started I am new to this I always thinking in a greedy way and my plans too (greedy plans) I invest a big amount just for return profit and i dont have patience that time also lack of knowledge about Bitcoin.. And i lost all.
                      So don't panic, have patience, learn more about Bitcoin, don't plan in a greedy way, invest small amount on first investment.

You have to learn from your mistakes and make the worst experiences a lesson for the future. As the saying goes "experience is the best teacher" so even though we know a lot about the state of the market if it is not accompanied by experience, we may also take the wrong action. Greed only makes us regret. so get rid of thoughts of sudden riches, all must be passed with patience.

[Quidat]

My worst or siilly mistake when I started I am new to this I always thinking in a greedy way and my plans too (greedy plans) I invest a big amount just for return profit and i dont have patience that time also lack of knowledge about Bitcoin.. And i lost all.
                      So don't panic, have patience, learn more about Bitcoin, don't plan in a greedy way, invest small amount on first investment.

You have to learn from your mistakes and make the worst experiences a lesson for the future. As the saying goes "experience is the best teacher" so even though we know a lot about the state of the market if it is not accompanied by experience, we may also take the wrong action. Greed only makes us regret. so get rid of thoughts of sudden riches, all must be passed with patience.

You wont learn if you wont be gaining some experience.So its a casual stuff to experience on.You wouldnt really make yourself better if you do just simply on idle state.
Mistakes cant really be avoided but somewhat can be lessen on the time that you are already knowledgeable and been aware on how things do works on this market.
Dont tend to go and repeat or mind off again and again with your past mistake because this would just really a big hindrance for you to be better.

[Luke Briggs]

My first mistake was to panic sell the currency when prices fell and invest emotionally. Now that I have set stop losses on some coins, I will believe in valuable coins and continue to hold them.

[nurilham]

panicked too much and sold it too fast, from that I got a big loss. I even gave up but I remember that I didn't come to give up, failure is not the end of it all. from there I began to learn to understand the crypto market, understand trading strategies and continue to practice trading with capital little by little. Past failures do not need to be thought about and lamented, just take the important point where the mistake lies and learn from it for the next trading strategy. that is why a trader must have his own strategy in trading and must understand the market very well. because the main key in trading is accuracy and patience.

[blockman]

My first mistake was to panic sell the currency when prices fell and invest emotionally. Now that I have set stop losses on some coins, I will believe in valuable coins and continue to hold them.

Majority of the people who once became a newbie did panic sold. It's a mistake that we're all have learned with our experiences and that's why as we stay on the market for so long. It had taught us to be tough and remove the panicking attitude because it's not going to help us during the market dips.
It is better to stay calm as you observe the market closely because that will make you place at a better position if you can already read what will happen next.

[Cadaver20]

I am not a professional trader.  But even then I occasionally trade some tokens or coins. I am an emotional trader. I bought a token about a year ago. There is also a small profit after buying the token but I did not sell in the hope of making more profit. Then it gets a huge dump and after a while it becomes delisted from the market.  I lost my 100% capital. Don't buy shit token.

[Patigi]

My worst mistake it was a day I sold out one of my altcoin, I sold out a coin I bought worth 20$ and when it pump to 70$ between two days I sell if off, after selling it, it start pumping more more and more. Between seven days the coin have increase in price massively. Do to my own calculation  if I have leave the coin still that seven days  I should be cashing out more than 900$. I sell out the altcoin because my tell me that the will soon dump because the is not yet listed in to exchanges like binance

[TinaK]

My worst mistake it was a day I sold out one of my altcoin, I sold out a coin I bought worth 20$ and when it pump to 70$ between two days I sell if off, after selling it, it start pumping more more and more. Between seven days the coin have increase in price massively. Do to my own calculation  if I have leave the coin still that seven days  I should be cashing out more than 900$. I sell out the altcoin because my tell me that the will soon dump because the is not yet listed in to exchanges like binance

Dont blame yourself because that is a part of a game but at least you have profited in that way rather than have a lose your investment.
I have once had the same scenario as yours, I have been holding a coin that I thought was an ATH, but after a few days it was pumped so much that almost 50% from the previous price which I sold my coin, sounds frustrating but that is fine. 

We should not regret if we already earn. That is how crypto works, because of our inpatients sometimes our action goes wrong but at least this is not worst.

[Rehan Zakir]

My worst mistake is that I got a airdrop of  50 Solana coin at binance exchange before one year ago. I sold these coins at the price of 1$. And now, when I see the price of Solana coin I feel very embarrassment. Because I feel I sold solana coins at very cheap price and now it's 200x from my selling price

[Smitty Werben Man Jensen]

My worst mistake is that I got a airdrop of  50 Solana coin at binance exchange before one year ago. I sold these coins at the price of 1$. And now, when I see the price of Solana coin I feel very embarrassment. Because I feel I sold solana coins at very cheap price and now it's 200x from my selling price

I think many people have experienced this and I myself have experienced the same thing.
looking at the current price of solana, there must be a sense of regret when selling it when the price is still cheap and I think that is a natural thing,
every incident will always have a lesson

[Alisha-k]

I believe everyone has had one or more bad encounters in trading, mine was as a result of lack of patience, I had a coin I was holding and at the time the coin had not added value, I lost hope in it and sold it out only for the coin to appreciate almost immediately.
It's been a long time and I've been able to work on my patience to a very great extent

[cloudfir3e]

my first trading mistake was when i bought bitcoin at $4000 and at that time i had plans to hold it for 5 years. but when the bitcoin price went pump to $10,000 i started selling all the bitcoins in my wallet.
i felt that selling at $10,000 was already the highest price, but it turned out that my thoughts were wrong and the current bitcoin price reached $60,000
maybe if i still hold the bitcoin in the wallet, i get $60,000

[Hobo66]

Nobody is perfect at the beginning we also make a lot of mistakes at start as we do not have enough education about trading. When I first enter and start crypto trading then I often lost my money just because I buy the coin at high price when it become in dip then I sell that coin as I have no knowledge about holding of coins. As a result of which I lost my money due to my own mistakes. But now I have overcome these kind of mistakes.

[TheEconomists]

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

My first mistake was when I used the high lots size which I do used in my demo account in my real account and that action wipes out the whole of my money in the real account within the couple of minute.

[zulfi125]

Good to see you on the forum and I hope you will enjoy the discussion on this forum, my worst mistake at the beginning year was investing in a cloud mining website 3 BTC and that website is gone forever and I can't forget this is my worst mistake.

[Sihab76]

My first mistake was to panic sell the currency when prices fell and invest emotionally. Now that I have set stop losses on some coins, I will believe in valuable coins and continue to hold them.

It is never right to invest and trade cryptocurrency out of emotion. There are many people who invest emotionally without any idea about the project. The result is that a lot of big losses have been incurred due to a misconception.

[Qikiye]

I invested in many projects in 2018 but most of the projects have disappeared from the market. As a result, most projects are now worthless, which is a much worse experience for me.