your worst mistake

[Ultegra134]

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 !

In 2016, I lost more than $5000 in Forex trading. I was quite upset back then and it really exhausted. The main reason was because I did not know about trading but still entered it with a confident feeling. I had my friend supporting me in making any trade but unfortunately, he turned his back on me after provided me many false signals. Damn. It was really hurt. I felt like I was betrayed by one of the man I truly trust. My $5000 turned into $1000 after listening to his advice.

Then, I realized I can not trust anyone except myself. I spent more time to learn trading and obtain knowledge on youtube. There are many good courses actually. Now, I feel satisfy to what I did: being able to make stable income with trading

I'm sorry for your loss, try to take it as a lesson learned. It's a decent amount though, not sure how I'd react if I were you. I still beat myself for selling Bitcoin on December, so I'd guess my reaction wouldn't be pretty. I'm against following signals from friend and acquaintances, not only can they have a negative impact on your relationship with them, but could also be an attempt to scam you.

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[molsewid]

I think my worst mistake is not having the guts to trade regularly. The last Bear run has made me so weak that I couldn't buy anything even when I knew what was going to happen in this Bull run. I would have easily doubled my whole principle by trading into alts but I couldn't.

I think my wort mistake is not believing in bitcoin at first. Like other people my first impression about it was it's a scam even I feel it from the start that it isn't. I I'm maybe lazy to do research about it and condcluded it as scam to be safe. My second worst mistake is like yours, not having the guts to trade or invest. I'm too scared to make mistakes and I get anxious when I'm thinking what if I lose my money. I know all the possible outcome maybe Im not ready enough to face it.

[tygeade]

I think my wort mistake is not believing in bitcoin at first. Like other people my first impression about it was it's a scam even I feel it from the start that it isn't. I I'm maybe lazy to do research about it and condcluded it as scam to be safe.

I did the same kind of mistake. I first heard about bitcoin in 2010 itself but I did not show any interest on it. If I started working for bitcoin or started mining bitcoins then that would be changing my life into something complete different; I must agree that would be a life time mistake. In my case, it was more than worst mistake for sure.

My second worst mistake is like yours, not having the guts to trade or invest. I'm too scared to make mistakes and I get anxious when I'm thinking what if I lose my money. I know all the possible outcome maybe Im not ready enough to face it.

Fortunately I managed to invest in bitcoins since 2013/2014. At that times, I did not invest big but fortunately I managed to hold them till now. I am expecting something big out of my early investments to change my life into better one but still waiting.

[Pamadar]

I think my worst mistake is not having the guts to trade regularly. The last Bear run has made me so weak that I couldn't buy anything even when I knew what was going to happen in this Bull run. I would have easily doubled my whole principle by trading into alts but I couldn't.

I think my wort mistake is not believing in bitcoin at first. Like other people my first impression about it was it's a scam even I feel it from the start that it isn't. I I'm maybe lazy to do research about it and condcluded it as scam to be safe. My second worst mistake is like yours, not having the guts to trade or invest. I'm too scared to make mistakes and I get anxious when I'm thinking what if I lose my money. I know all the possible outcome maybe Im not ready enough to face it.

Much better than go for it without any knowledge I mean with dealing into trading.

Regrets may take place as you have all the opportunities to grab but what if you do it and it didn't materialized to favor your investment, the outcome might be more regretful. Better to deal with something that you are comfortable and you are willing to take any risk behind, there's always another chance and if you believe that you are now ready to work with then it's the right time to start chasing your success.

[Vaculin]

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 not selling my tokens despite of very high value, the green in me came through without thinking any possibility that it became worthless in the future. That was a very frustrating scenario of my trading, so I decided nowadays I won't waste any chance once I got my coins at very profitable value. I would grab the iron while it's hot before everything is too late, because holding coins for such a long time might pur your asset in danger once devs won't stay longer to make the project sustainable.

Most of us had experienced such a thing because of someone saying hold and hold. Our greediness makes things at worse and we've been driven to of losing the opportunity. Well, that gonna be tricking us. We have to understand the market's volatility and dumps can be inevitable nor you can see it coming. So, if there is an opportunity, we shouldn't have to think about it more and more, that simply grab on it.

[milewilda]

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 not selling my tokens despite of very high value, the green in me came through without thinking any possibility that it became worthless in the future. That was a very frustrating scenario of my trading, so I decided nowadays I won't waste any chance once I got my coins at very profitable value. I would grab the iron while it's hot before everything is too late, because holding coins for such a long time might pur your asset in danger once devs won't stay longer to make the project sustainable.

Most of us had experienced such a thing because of someone saying hold and hold. Our greediness makes things at worse and we've been driven to of losing the opportunity. Well, that gonna be tricking us. We have to understand the market's volatility and dumps can be inevitable nor you can see it coming. So, if there is an opportunity, we shouldn't have to think about it more and more, that simply grab on it.

Hard really to be done when you know that chances on getting rich is there next on the line but its true that chances or opportunities doesnt really come often on someones
life this is why we should let our greed do control us and asking out for more but its up to someone risk management because there are really projects which are really worth
to be hold on for future years and you cant know on what would happen next this is why some would be ending up on holding their coins and tendency for dumps
and no recovery is really there which would really be leaving you to regret for the rest of your life.

[rhodelmabanal]

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 !

Mistakes is normal specially when we are in a learning stage in crypto it is normal that we can do some wrong decisions but time will come that we can know all of the strategy to earn. The only worst mistakes when I was a beginner in cypto is that i can't hold my coin for long term beause  i want to earn profit in a very quick way  and now I see that if we dont have patience and cannot hold we cannot gain a big profit on crypto and the price of bitcoin today is one of the evidences on how important patience is in crypto.

[EiKaGlaShPriSAThWEl]

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 !

Worst mistake was buying a coin without analyzing if the coin was good to trade or not as well as not considering that the price was still high but I still bought it at that high price.It continue to go down and not did not pass the price when I bought it. I tried to hold it a little longer but it does not work. I should have used stop loss that time but my pride does not want me to lose anything from it so I still kept holding. Until the coin became priceless, I did not get any from it.

[Mpamaegbu]

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 !

Mine was selling off my 270 BNB at $3 (made huge profit though), and buying Regalcoin which almost immediately became a scam coin. My regret isn't because of where the current BNB price is at. It's on my irrational decision to trust a newly listed lending coin and then threw in all I had. I should've split that investment. Well, from hindsight it looks like it was irrational. But at the moment I took that decision it was well thought out and seemed the right thing to do. It's the same way a lot of people are buying the meme tokens as the rave of the moment. A few years from now, it's either they regret their actions or are happy with it. Till date, I feel like an idiot selling my BNB for peanut.

[molsewid]

I think my worst mistake is not having the guts to trade regularly. The last Bear run has made me so weak that I couldn't buy anything even when I knew what was going to happen in this Bull run. I would have easily doubled my whole principle by trading into alts but I couldn't.

That's okay, don't be too hard on yourself. We are just human being and it's perfectly fine to commit mistakes. Mistakes lead us to be wiser and stronger to prepare us for the next big challenges that we're going to face. Now, you already know yourself better and can see your mistakes. Learn by that mistakes and change. You can still do something, try to start trade regularly now. Maybe that didn't happen in the past because this is the right timing. Trust the process and keep fighting.

[South Park]

My worst mistake is that I bought UTK tokens in September 2020. I paid my 2 ETH for 10K tokens on a decentralized exchange, but then the UTRUST team suddenly migrated to another smart contract, so I stayed with the old UTK tokens. A few days later, I contacted representatives of the company via Telegram, clarified my situation and provided all the transactions, but they merely ignored my problem and fell silent.

Although, I don't think it was a trading mistake. Honestly, I consider I was scammed by the UTRUST team. Moreover, many people have lost their funds due to an unexpected and fraudulent token "swap". I even created a thread on Bitcointalk. I am astonished some large exchanges still list dishonest projects like UTRUST.

As a result, I lost about $8000 at the current price. I advice you to research the reputation of the persons behind the project before purchasing any coin or token.

That sucks but it is incredibly common, I have always thought that this is a move the developers make precisely because they know that not everyone is watching the developments of the coin 24/7 and they know that they can get away with this because technically they can do anything with the coin, so they create a false excuse about why they need to issue new tokens and all of those that fail to make the swap are out of luck and most likely they keep those coins for themselves and enrich themselves even further.

[blackened515]

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 I have made is selling coin at early stage all the time, I have missed out from been a millionaire and that's why I have made up my mind to abstain from selling early, the richest investors today practice holding coin for longer period, tommy mustache bought Binance when it was $1.50, he's still holding the bnb coin till today, That's very impressive and jt matters determination. That's the wairt mistake I have ever made.

[Desscount]

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 !

mistakes happen very often when trading, one of my biggest mistakes is I lost $ 1000 in a day,
yes that was a nightmare !, and currently I'm learning not to be like that anymore, yes it's heartbreaking,
hopefully this year isn't too bad 

[Questat]

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 I have made is selliny coin at early stage all the time.

No, you shouldn't have to regrets if you are already in the profit and why? Because it was your choice and the fact that you never know what will happen next either to pump or dump, that is the best and right decision should be. Of course, I'll be doing the same as you did. But the problem is that you find yourselves not satisfied and not contented with what you have got, it is a greedy instinct and that is the most reason why people ended up nothing and lost their money.

It wasn't a worse thing, what could make it worse is when you sell at loss, like panic selling.

[jinxing]

The worst mistake I have ever experienced was rushing to sell Altcoins that unexpectedly could increase sharply in value in the next few months, so that the last 2 weeks the coin has experienced a very sharp increase from before and regrets are still attached to me today, so spintas always imagine that if I don't make a sale at that time maybe now I already have a lot of money from him can even buy a Tesla which is being talked about a lot of people here

[DarkDays]

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 not selling my tokens despite of very high value, the green in me came through without thinking any possibility that it became worthless in the future. That was a very frustrating scenario of my trading, so I decided nowadays I won't waste any chance once I got my coins at very profitable value. I would grab the iron while it's hot before everything is too late, because holding coins for such a long time might pur your asset in danger once devs won't stay longer to make the project sustainable.

I can relate. There are times when the coins I'm in are doing really well and I'm not even thinking about selling and when I see the market taking a turn I then realise I was too greedy. This happened back in 2017/18 and I can tell this is happening now also.

Best crypto practice is to always take profits! I can not stress the importance of this. It is something we all need to be mindful of and do our best to stick to it - it will really save us big time in the not too distant future.

[BuNga_cute]

The worst mistake I have ever experienced was rushing to sell Altcoins that unexpectedly could increase sharply in value in the next few months, so that the last 2 weeks the coin has experienced a very sharp increase from before and regrets are still attached to me today, so spintas always imagine that if I don't make a sale at that time maybe now I already have a lot of money from him can even buy a Tesla which is being talked about a lot of people here

Your mistake by selling coins too fast seems to have been experienced by almost all traders, it is only natural that we take profit too quickly.
Because we are afraid that the price will fall if we don't immediately sell the coins we have. It's not a fatal mistake that you need to worry about
and don't be too sorry for doing that. Because the mistakes you make can be corrected by taking care of our emotions when trading, especially
controlling the patience that we have is very important in trading.

[Kayum10029]

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...

[jinxing]

The worst mistake I have ever experienced was rushing to sell Altcoins that unexpectedly could increase sharply in value in the next few months, so that the last 2 weeks the coin has experienced a very sharp increase from before and regrets are still attached to me today, so spintas always imagine that if I don't make a sale at that time maybe now I already have a lot of money from him can even buy a Tesla which is being talked about a lot of people here

Your mistake by selling coins too fast seems to have been experienced by almost all traders, it is only natural that we take profit too quickly.
Because we are afraid that the price will fall if we don't immediately sell the coins we have. It's not a fatal mistake that you need to worry about
and don't be too sorry for doing that. Because the mistakes you make can be corrected by taking care of our emotions when trading, especially
controlling the patience that we have is very important in trading.

Emotional control and applying patience are indeed the main requirements of a trader so that he can always make a profit and can minimize the risk of loss if we are able to control our emotions when trading. I am also sure everyone has experienced deep regret when they made a trading strategy wrong, but it should not be regretted, but rather a bridge for us to be able to correct the mistakes we have ever done.

[Fatunad]

The worst mistake I have ever experienced was rushing to sell Altcoins that unexpectedly could increase sharply in value in the next few months, so that the last 2 weeks the coin has experienced a very sharp increase from before and regrets are still attached to me today, so spintas always imagine that if I don't make a sale at that time maybe now I already have a lot of money from him can even buy a Tesla which is being talked about a lot of people here

Your mistake by selling coins too fast seems to have been experienced by almost all traders, it is only natural that we take profit too quickly.
Because we are afraid that the price will fall if we don't immediately sell the coins we have. It's not a fatal mistake that you need to worry about
and don't be too sorry for doing that. Because the mistakes you make can be corrected by taking care of our emotions when trading, especially
controlling the patience that we have is very important in trading.

Emotional control and applying patience are indeed the main requirements of a trader so that he can always make a profit and can minimize the risk of loss if we are able to control our emotions when trading. I am also sure everyone has experienced deep regret when they made a trading strategy wrong, but it should not be regretted, but rather a bridge for us to be able to correct the mistakes we have ever done.

Indeed one of the main requirements because analysis and skills wont really be just enough to be an effective trader if your emotional aspect is really unstable or not really that strong.
Trading is something to deal with moving price which means you need to be that mindful on what are the things you should do or what decisions you would make for you to make a good profitable trade.
Mistakes are common because theres no such thing about being a perfect trader or does make constant profit but somehow due to qualities and skills you attained
you can really lessen up the risk of losing and does depend actually on you.