your worst mistake

[conected]

doesnt set stop loss and let minus running in my trades be worst mistake that i ever made.  only in few hours all many almost gone due mistake in single trade. so dont repeate this mistake on your trade and focus with your profit or stop loss target. beside of this dont trade while you have any skill, prepare our knowledge and mental will be better for the last result.

- You should give me a ticket to your stage, I also used to let the loss continuously increase without stops because I hear a lot of advice that things will recover soon but unfortunately, this theory seems rotten and no longer used, all the advantages of holding have betrayed my trust, a few years have passed and after examining the token in the wallet, it is too small for what has been invested. It's so bad that we don't know where to stop, regret can sometimes make the pain increase faster, never dare to make another mistake like that.

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[Fatunad]

doesnt set stop loss and let minus running in my trades be worst mistake that i ever made.  only in few hours all many almost gone due mistake in single trade. so dont repeate this mistake on your trade and focus with your profit or stop loss target. beside of this dont trade while you have any skill, prepare our knowledge and mental will be better for the last result.

Stop loss would be relevant when you do make short or active trades but if you do go for long term then setting no stop loss wouldnt really be an issue because you can just simply
wait for the price to recover for you to break even or making profits rather but somehow you would really be waiting for an indefinite span of time and if you are a type of person
who doesnt like to wait then most likely you wont really be going into this action or path.So its up to someones choice and preference though.Mistakes are inevitable
its neither on making decisions or not really able to make entries and exits on particular situations.

[Stedsm]

Do remember to take your profits and enjoy them because if you won't, then the markets will eat your profits and leave you with nothing. I learnt this during the previous bull run and as you're currently entering the markets during a bull run, remember this that once you've made 2x, take out your capital at any cost and just trade with your profits and with every 2x that you make, take out 50% from the profits made and keep the rest to trade them as additional capital. It really helps and if the joy of spending those earnings is not experienced, what's the benefit of trading and making money?

[aditasetia123]

Do remember to take your profits and enjoy them because if you won't, then the markets will eat your profits and leave you with nothing. I learnt this during the previous bull run and as you're currently entering the markets during a bull run, remember this that once you've made 2x, take out your capital at any cost and just trade with your profits and with every 2x that you make, take out 50% from the profits made and keep the rest to trade them as additional capital. It really helps and if the joy of spending those earnings is not experienced, what's the benefit of trading and making money?

most of us be greedy when they look portofolio value increase alot. they still believe price will continue to climbing , and till in a point everything pullback . profit that should closed now to be losses. i am always take my trade initial balace, and let profit running for long term. so only my profit that used for trading and ifeel comfort with this startegy.

[Luqman]

I am not telling you about my mistake in the beginning to join this forum but will tell you the biggest mistake I ever did. You must be aware if I got 2 red-trust, it is my biggest mistake. Because of my greedy, I was trying to join all my accounts on one bounty. Although it is strictly prohibited by the bounty manager, I registered all my accounts on the signature campaign of the bounty. As the result, it is detected by forum police, then I directly got a red-trust. I suggest you never do it, you will very regret it.

[Maslate]

Do remember to take your profits and enjoy them because if you won't, then the markets will eat your profits and leave you with nothing. I learnt this during the previous bull run and as you're currently entering the markets during a bull run, remember this that once you've made 2x, take out your capital at any cost and just trade with your profits and with every 2x that you make, take out 50% from the profits made and keep the rest to trade them as additional capital. It really helps and if the joy of spending those earnings is not experienced, what's the benefit of trading and making money?

most of us be greedy when they look portofolio value increase alot. they still believe price will continue to climbing , and till in a point everything pullback . profit that should closed now to be losses. i am always take my trade initial balace, and let profit running for long term. so only my profit that used for trading and ifeel comfort with this startegy.

greediness is one reason why many traders had suffered losses. They are not contented to ear small amount but wanted more and more. I know that most of us have sometimes to think that way but in such a way we need to clear that mindset as this could only ruin our plan and might put us into losing everything we have. Though we aim high and big profit but then, we must also know about being contented.

[sumant]

From my point of view I have done good in trading. Choosing some project is very easier for me but I had made real and big mistake that I haven't hold any coin for some big profits. My patience is very poor quality. Without patience nobody can change their lifes in cryptocurrencie.

[awik p]

Do remember to take your profits and enjoy them because if you won't, then the markets will eat your profits and leave you with nothing. I learnt this during the previous bull run and as you're currently entering the markets during a bull run, remember this that once you've made 2x, take out your capital at any cost and just trade with your profits and with every 2x that you make, take out 50% from the profits made and keep the rest to trade them as additional capital. It really helps and if the joy of spending those earnings is not experienced, what's the benefit of trading and making money?

most of us be greedy when they look portofolio value increase alot. they still believe price will continue to climbing , and till in a point everything pullback . profit that should closed now to be losses. i am always take my trade initial balace, and let profit running for long term. so only my profit that used for trading and ifeel comfort with this startegy.

greediness is one reason why many traders had suffered losses. They are not contented to ear small amount but wanted more and more. I know that most of us have sometimes to think that way but in such a way we need to clear that mindset as this could only ruin our plan and might put us into losing everything we have. Though we aim high and big profit but then, we must also know about being contented.

greed is human nature, and I think every trader will certainly experience it, especially at the beginning of entering the world of trading. but what distinguishes each trader is how they regulate their emotions in themselves, even though they use the same trading technique, the results will be different for each trader, because they have different psychology.

[CryptopreneurBrainboss]

From my point of view I have done good in trading. Choosing some project is very easier for me but I had made real and big mistake that I haven't hold any coin for some big profits. My patience is very poor quality. Without patience nobody can change their lifes in cryptocurrencie.

Exactly, earlier this year I had a feeling binance coin would do great and picked interest in investing in it. Bought a couple with some friends and it begins to give us profit. Initially I wanted to hold until the end of year but due to the pressure of securing profit before a sudden market crash, we lost the opportunity to be among those happily rejoicing because of the return of investment their investment has given.

Whats funny was that I brought up the idea of buying the BNB and it was very early in February, BNB was just trading around $40 that means judging from the current price we should have been seating on 10x+ our investment right now. The lesson here is to invest individually so you can call all the shot and not combining with friends to invest.

[Tahsin Kabir Kollol]

In the early stages of trading, everyone makes big and small mistakes. Even many experienced traders make big mistakes due to mistakes made while doing different types of analysis while trading. In the first year of trading, I also made many small and big trading mistakes. The biggest mistake of all is to convert Bitcoin into USD by selling Bitcoin during the downtrend in mid-February 2020. The biggest mistake of my cryptocurrency trading was not to take the risk of buying Bitcoin again later, even though I had the opportunity to buy it at a relatively low price.

[Koro-Sensei]

Following whales. This is my first wrong move in trading to spot. I lost a lot with them specially that I saw they have Millions of followers in telegram. They promised a 500% return in following them but instead I lost over 2/3 of my savings.

[uray]

Whats funny was that I brought up the idea of buying the BNB and it was very early in February, BNB was just trading around $40 that means judging from the current price we should have been seating on 10x+ our investment right now. The lesson here is to invest individually so you can call all the shot and not combining with friends to invest.

It is not that great if you are going for a group buy as you cannot carry on with the decision but even in the case if i take individual decisions, i might have sold the well before it crossing $200 as i did not expect the price to cross above $600, the only reason i am not holding these coins for the long term when the price is rallying is because you never know when the developers will dump the coins as we have seen over the years that these heavily premined coins cannot be trusted during a bull market.

[Ultegra134]

From my point of view I have done good in trading. Choosing some project is very easier for me but I had made real and big mistake that I haven't hold any coin for some big profits. My patience is very poor quality. Without patience nobody can change their lifes in cryptocurrencie.

Exactly, earlier this year I had a feeling binance coin would do great and picked interest in investing in it. Bought a couple with some friends and it begins to give us profit. Initially I wanted to hold until the end of year but due to the pressure of securing profit before a sudden market crash, we lost the opportunity to be among those happily rejoicing because of the return of investment their investment has given.

Whats funny was that I brought up the idea of buying the BNB and it was very early in February, BNB was just trading around $40 that means judging from the current price we should have been seating on 10x+ our investment right now. The lesson here is to invest individually so you can call all the shot and not combining with friends to invest.

I also had the same feeling for Polkadot, back when it was worth $5-6 at most. I bought a few along with a friend, which persuaded me into selling not long after our purchase, during a market crash. Now it's proudly at approximately $40 each.

It's best to avoid such moves with anyone, friends or acquaintances, none of us can really predict what might happen, while at the same time, affect us in making a decision that we possibly wouldn't make.

[SacriFries11]

From my point of view I have done good in trading. Choosing some project is very easier for me but I had made real and big mistake that I haven't hold any coin for some big profits. My patience is very poor quality. Without patience nobody can change their lifes in cryptocurrencie.

That's also one of my weakness when it comes in trading, due to FOMO, sometimes I cannot hold my tokens. There are also times that it ended up losing my money. I'm become greedy in different times and I need to control it. Patience and become consistent even its just 10 - 20% of profit is enough.

[Hughes_Ryan]

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.

I came to crypto in 2018, which was in a period of decline following Chinese crypto bans and sanctions.  That left me down and distrust, my patience went to the limit by selling everything I had when ETH hit $ 80 at the time.  My patience became fragile, and up to this point, I have gained more experience, more steadfastness.  That made me confidently enjoy the good times of bitcoin and crypto.

Bounty came to me just a plump zero.  Lol

[Ultegra134]

From my point of view I have done good in trading. Choosing some project is very easier for me but I had made real and big mistake that I haven't hold any coin for some big profits. My patience is very poor quality. Without patience nobody can change their lifes in cryptocurrencie.

That's also one of my weakness when it comes in trading, due to FOMO, sometimes I cannot hold my tokens. There are also times that it ended up losing my money. I'm become greedy in different times and I need to control it. Patience and become consistent even its just 10 - 20% of profit is enough.

Ha, I had approximately 0.60 Ethereum on March, I sold them after the market recovered. Now it's over $3.000, having bought at $1600, a profit of $800 would now be guaranteed. Sometimes I feel that short term trading should be avoided in smaller scale trades.

[South Park]

Do remember to take your profits and enjoy them because if you won't, then the markets will eat your profits and leave you with nothing. I learnt this during the previous bull run and as you're currently entering the markets during a bull run, remember this that once you've made 2x, take out your capital at any cost and just trade with your profits and with every 2x that you make, take out 50% from the profits made and keep the rest to trade them as additional capital. It really helps and if the joy of spending those earnings is not experienced, what's the benefit of trading and making money?

It is not a bad strategy but one that I see working only in bitcoin and the main altcoins we have in the market, I say this because if you are interested in investing in new coins then you are going to eventually lose money as it is known that you will lose money on 9 out of 10 coins that you invest in and you need the remaining one to cover the losses you have suffered and grow even more so you can finally become profitable, something that will be almost impossible if you sell after just getting 2x in profits.

[isaac_clarke22]

~

Like a fish going with the flow along with the whales, I see.
I kinda felt how could it have hurt to do that, but I guess you didn't had it worse than mine because my coin was like being hunted for sure by the whales when I panicked sell back in the days.
They got my sold coin.

[tbterryboy]

As a beginner one of the things you have to learn is how to make transactions and do it exactly to a valid address. While trying to do this I sent bitcoin to a wrong address and not knowing its gone forever. I was sad for months. Its good to learn to the brim.

Yes, have seen many newbie people who are just entering into crypto space usually messing up with wrong destination addys. Nothing big would be needed here but just being careful will solve all the problems. I am just wondering why people are in hurry while they are making transaction. All crypto transactions are non-reversible hence once sent is sent forever; it means sending to wrong address is nothing but lost forever.

Also heard about sending BTC to BCH kind of mess up as well. I believe all these are just because of not being careful enough.

Not just in crypto transactions, we need to be careful everywhere because being conscious will definitely avoid lots of later hassles.

[sulendra12]

Would be happy to read about your experience !

My first year experience of learning cryptocurrency was wild. Got my few thousands of satoshis back then through faucet and even back then claiming money through faucets was really satisfying since there are so many faucet sites out there, so you can make decent amount of money back there.

But since I didn't know shit back then, I gambled some of my faucet earnings and lost all of it. It was really depressing moment and I hope I could go back there and save my money but oh well I could not.