your worst mistake

[Sinjokubhi]

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 !

It is difficult to control emotions in yourself. Because at that time I was trading and suffered a lot of losses. Finally, my emotions were hooked and wanted to quickly return the lost capital. It was not that my capital could return, but what was there was even more losses and I had to stop trading for a few weeks. It felt like I wanted to stop and was traumatized to do it again, but after I thought this was my own fault and it needs to be fixed.

After that, I started trading again, and encountered the same problem, even though at that time the losses were not as big as yesterday. There I also started to panic, and thought will this incident happen again? Is this fate? all impure thoughts take over the emotions. Finally I tried to pause for a moment to calm my mind. After returning to my top condition, I haven't started again. However, I was still thinking about what was wrong with my trading technique, and finally came to a meeting point (solution) to the problem.

 Therefore, it requires patience and good emotional control in trading. If we are provoked and panic, it will only worsen what you are doing, it's better to take a moment for yourself, calm yourself down, after calm down, start to find solutions to problems, and start trading again after the conditions feel like they are back to prime ( good).

[LUCKMCFLY]

My worst mistake was trading assigning all my balance to a single trade and for a signal from a group, the first few times I did well, then a trade went wrong and I lost almost 30% because I did not place the Stop Loss and I kept waiting for it to do so. did. recover, and for that the hope is that the loss lasted up to 40%, after I left I did it on time, otherwise I would have reached a 90% loss, from that moment I learned that I had to use the stop loss and never Assign the entire balance to a trade, then I took as a teaching to do only 3 trades.

[Coin_trader]

what was your worst mistake ( in the very beginning, 1st year).

The worst mistake I made was holding some coins that become shitcoins. Especially my earning in bounties few years ago, it had some value before but now it's equivalent to nothing.

Same with me and I believe most of us here do this same thing due to the euphoria of bull run last 2017. The current bull run is almost the same as 2017 with lots of shit tokens and NFT that doing a rug pull. I hope that everyone already learned there lesson and trade safe this time. Take profit is the best.

[airdata]

Nobody can success without any Mistake, and people Learn something new from their mistake. I am not a professional crypto Trader but it is correct that first time has a Big mistake on my Trading. I bought some coin and Some hours letter Suddenly market has Crashed and i sold my all coin with very low price.  And Next day i see that again market condition has very good and my all Coins price has 40% up. This was my first mistake.                        

[lienfaye]

I have many mistakes when I was a newbie in trading but these are the worst that even up to now im still having regrets.

- not able to buy when price is still cheap.
- selling early for not having patience.
- due to greed I missed the chance to sell.

These happened because I didnt take time learning from and just followed what I think is right.

[Ararbermas]

   

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 !

when i was new in crypto trading my worst mistake is when i place order because there's a masive dump. wherein i was waiting for another long red candle stick after it goes back to the resistance again and i accidentally click the buy button without editing what amount it supposed to be wherein according to my plans.. Its was an epic fail like WTH.. And you know what after my buy order was confirmed at the current resistance? it goes down gradually and that craps coins  didn't let me to regain all my losses in order to sell out and it takes weeks just imagine before i made an exit.. Lol

[rosebrand]

When i newly joined trading I made mistakes ignorantly which later cost me loosing so much, I jumped into trading with leverages without proper knowledge of risk management. For futures trade risk management is very much important, so bad I learnt about this the hard way, without risk management one can loose all he got within a short period of time, when my account was liquidated I was left with nothing in my portfolio, I felt so depressed but then I learnt my lesson, we shouldn't always think of how much we could gain but we should always think of how much we could loose as well.

[Imran232]

A very very warming welcome to the world of trading.
Well i am not a so called expert traders so after shareing my experience please do not judge me or laugh on me. I will share those thing what i felt the worst thing for me. When i started my trading journey i didn’t understand what trading actually means what must need for trading? And that was calm. If you want to enter into trading you shouldn’t be panic at any cost. You have to stay calm and find an alternative solution for you to overcome any bad situation. If you are able to do it you might get a best journey on trading. Its my opinion others could be different. Thanks

[imstillthebest]

I have many mistakes when I was a newbie in trading but these are the worst that even up to now im still having regrets.
- not able to buy when price is still cheap.
- selling early for not having patience.
- due to greed I missed the chance to sell.
These happened because I didnt take time learning from and just followed what I think is right.

its not healthy to carry the regret for a long time but you can always start fresh. if the coin that you missed are not achievable for you then browse another cheaper coin and nurture it till it grows big .
dont let the same mistake happen .  if you sold early you regret and if you hold for too long you will also regret ?
 we are not perfect dude or its hard to make a perfect timing to be in the middle .

[seramania]

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 earlier this month was selling assets at a low price. even though I already got a profit but what I got was not maximal because I was panicking, but within 1 week the pump price reached 50%, I was shocked to see that price. there I felt that I failed to become a reliable trader

[JooBra]

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 earlier this month was selling assets at a low price. even though I already got a profit but what I got was not maximal because I was panicking, but within 1 week the pump price reached 50%, I was shocked to see that price. there I felt that I failed to become a reliable trader

My worst mistake was buying a lot of coins and keeping them on small exchanges. It was small number of money investment but it would be worth a lot of money today. For example I bought 20k Doge for 20$ and we can see the price now.

[Zilon]

When I was a newbie in trading I traded retracements (correction moves) during trends. This most times got me too emotional and most of those times I ended up closing my trade with big losses. I recall blowing down accounts on several occasions which I had to shut down trading and went back to do more study for a week before entering a trade again

[cheezcarls]

The worst mistake I’ve ever committed was being too greedy with my coins and tokens. During the time that I was a newbie, I was not smart enough to sell at a peak price. Instead I choose to hold because that’s what my instinct tells me to do without doing my own research or so.

I had so many regrets in my crypto trading life. There are times that I sell too quickly, and then the next day that coin takes off several fold. There are also times that I just hold for too long, but the coin keeps dumping. But it is what it is, and I have to learn from it.

[Kong Hey Pakboy]

The worst mistake I’ve ever committed was being too greedy with my coins and tokens. During the time that I was a newbie, I was not smart enough to sell at a peak price. Instead I choose to hold because that’s what my instinct tells me to do without doing my own research or so.

I had so many regrets in my crypto trading life. There are times that I sell too quickly, and then the next day that coin takes off several fold. There are also times that I just hold for too long, but the coin keeps dumping. But it is what it is, and I have to learn from it.

That's like the mistakes that most of my friends that do crypto have done, they were greedy and so I have learned from their mistakes and now I am making some decent amount although not at trading but at other crypto related thinngs. One thing I learned when the coins keeps on dumping, I just hodl it and keep accumulating because it will go back up and I have to have a lot of coins when that pump happens.

[Coin_trader]

When I was a newbie in trading I traded retracements (correction moves) during trends. This most times got me too emotional and most of those times I ended up closing my trade with big losses. I recall blowing down accounts on several occasions which I had to shut down trading and went back to do more study for a week before entering a trade again

Hmmmm. You will not lose even if you bought during retracement if you didn't sold your holdings unless you are trading in futures with high leverage. Sometimes it's good to hold rather than to cut losses especially when you are too late to get out on that coin. The price will recover eventually and will seek new ATH once strong support was already hit. There is no continuous downfall in trading so better not to panic in times like that.

[crzy]

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 !

Making mistakes is normal in trading, that’s already part of the game and personally I have so many bad experience in trading since I always lose money and this pushes me to become a hodler which I don’t regret at all.

Maybe my worst experience in trading is when I go all in and bought at the peak price, but after two days the value of my holdings become 50%- - 70% off, and imagine how much money i loss because of that, that’s also the start of my hodler journey.

[goldade]

It's actually not a big deal when you make mistakes while trading. Aks any professional traders and they'd tell you they've made so many mistakes in their trading career. Mistakes are meant to be lessons and one should learn from them when they are made so that it won't be repeated.
My worst mistake while trading was not setting stop loss. When I started trading,  I didn't take time to learn about risk management. I had managed to make some few successful trades and I thought I was good. So I didn't set my stop-loss for a particular trade only to find the trade ending in a loss. The correction was so great that my account got blown and I lost all my capital. I, however, learnt my lessons and that didn't happen again

[wiss19]

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 !

I once made a mistake, but it wasn’t something that I couldn’t correct.
My mistake I made was lack of patience, and that made me miss out on the 2017 bull run.

But I wasn’t discouraged, I had to go back and invest, and this time around I was ready to hold no matter how long it takes, because I saw stories of people in 2017 that invested their money since 2010 and 2015, and they were cashing out big during the bull run, so I got determined and went for this and yes of course it did work out for me. So, I think the mistake most people make here is not buying at a low price and lack of patience.

[justdimin]

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 !

Not keeping the bitcoins I had? I mean so far if I kept every single satoshi I made and never spent any of that, I would have so much money that I would live like kings without ever needing any money at all. Of course it is not easy considering I had to pay my bills somehow, it is not easy to earn bitcoin alone and nothing else and then expect me to keep those bitcoins, how am I suppose to pay the bills and buy food and so forth in that case? So, I would do the same if I had to do it all over again.

However I would have at least force myself to keep maybe 1 bitcoin aside, at times I am sure there were few 0.05 to 0.1 that I could have saved without hurting myself too much, it wasn't really THAT high at the time, I have been here since it was under 200 dollars, so putting some aside could have been possible. I would have been much much richer if I did that.

[isaac_clarke22]

~

Too bad my friends don't care about crypto at all.
Will that count as their mistake in the end?
Hehe.