your worst mistake

[Peanutswar]

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 !

A big welcome to the forum. My worst mistake in the trading line is having multiple trades open at the same time with a $100 account size. At first I was on profit but all of a sudden the trend changed and wiped off all I had and I was too greedy to close the trade on time having a strong feeling the market would likely reverse back but that was how I was left with $0

Well its normal in trding i guess you hit the beginners luck because you win a good trade this is the reason why in we keep trading we must need to keep our emotions as part of the tradign because this might gives us a good or bad outcome. This is just a lesson learn i guess if we analyze most of our mistakes we figure it out whats wrong and we can avoid those in our next trades.

[pgbit]

When I was a newbie I loss my money by trading my worst mistake was I traded without any knowledge about trading and crypto so I also suggest you if you are new. first, get the knowledge of crypto trading because it is so difficult without experience and knowledge you will lose all money .

[iv4n]

When I was a newbie I loss my money by trading my worst mistake was I traded without any knowledge about trading and crypto so I also suggest you if you are new. first, get the knowledge of crypto trading because it is so difficult without experience and knowledge you will lose all money .

I believe that all trading mistakes are our losses basically! Mistake equals money loss, so a bigger mistake equals a bigger loss! It's the same when we buy something and the price drops and when we didn't buy and the price went up! To buy/sell or not to buy/sell a daily crypto trading dilemma, and I guess we all make mistakes more often than we would admit, but what's matters is that we make good moves as well... not every day can be a perfect day!

[2girls]

I think my worst mistake is that i purchased a token by the long term but i sold in short time this bad habit i Many time receive a big loss so i advice to everyone please anyone buy token and the Token price down so kindly not sell your token into the loss the great way is that you hold there token and the price rise so sell the trading main and hard point is holding if you hold so you got profit.

[Sihab76]

When I was a newbie I loss my money by trading my worst mistake was I traded without any knowledge about trading and crypto so I also suggest you if you are new. first, get the knowledge of crypto trading because it is so difficult without experience and knowledge you will lose all money .

When you were a newbie then you have a little bit knowledge and experienced about cryptocurrency trading platform, projects and exchanges. But now you have enough knowledge and experienced then you can now get profits from every trade.

[LUCKMCFLY]

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Aside form not being able to filter out meticulously the coins that I have invested with, which later on became worthless, this is also one of my greatest mistakes when I first started here. I agree that the excitement has brought me to take such decision, and with a mindset that the price might go down any moment if I miss the chance to take it.

I only had one mistake with a coin and it was not having sold when it was at its highest price, it reached 20USD, because I was thinking that the price was going to reach 50usd or more, I did not sell because I was thinking like the others and that "Hodl" and That does not work in altcoins and less when they are nascent projects and I have seen a number of people who are making that mistake with the tokens that are from NFT games, they say that Hodl and that does not apply, while you say Hodl there is another that is dump to the currency no matter what, lowering the price and probably never going up again.

[carlisle1]

I only had one mistake with a coin and it was not having sold when it was at its highest price, it reached 20USD, because I was thinking that the price was going to reach 50usd or more, I did not sell because I was thinking like the others and that "Hodl" and That does not work in altcoins and less when they are nascent projects and I have seen a number of people who are making that mistake with the tokens that are from NFT games, they say that Hodl and that does not apply, while you say Hodl there is another that is dump to the currency no matter what, lowering the price and probably never going up again.

After the dump it will never comeback, those who keep saying to continue holding are also the one who keep dumping their bag holds.

There are many a like of this experienced, out of greed or out of knowledge they are losing the opportunities but for those who accept their faith

they are more likely to move forward and push for a brand new start.

Mistakes can be corrected if you acknowledge it the right way. Take time and analyze it gives you a chance to grow and learn.

[CDC AP]

My worst experienced in the very beginning of my trading is that I have no patience and felt panic every time and always chasing to buy even the value is too high than my sell, which give me a huge losses. But I already learned and now I can manage my trading very well. Learning from your mistake is really helpful.

[ReiMomo]

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 !

The worst mistake was panic selling and buying when there was a sudden spike or dip. I lost almost 80% of my invetsment and yes that was the moment decided not to either buy or sell when there is manipulation in the market. And yes this really helped me to first save my capital and it taught me to be patient enough to handle the market. Many might have had such experiences in the beginning I am sure.

[stomachgrowls]

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 !

The worst mistake was panic selling and buying when there was a sudden spike or dip. I lost almost 80% of my invetsment and yes that was the moment decided not to either buy or sell when there is manipulation in the market. And yes this really helped me to first save my capital and it taught me to be patient enough to handle the market. Many might have had such experiences in the beginning I am sure.

Buy high and Sell low on which this had been the most common problem on being a noob but also into those veteran traders out there on which you could really commit out these kind of mistakes if you

arent sensible nor minding off about your actions towards trading on which you would be ending up on messing your trades which it is sensible that you should learn from those mistakes on which you would able to enhance the way you do trade.

You wont really be more getting better if you wont really  learn from those mistakes thats why they do play a big role.

[Smitty Werben Man Jensen]

My worst experienced in the very beginning of my trading is that I have no patience and felt panic every time and always chasing to buy even the value is too high than my sell, which give me a huge losses. But I already learned and now I can manage my trading very well. Learning from your mistake is really helpful.

There are many people who have experienced this and myself too.
it is better for people who want to start trading make sure you have prepared everything in advance,
Having knowledge and skills is very important and it can make us not easily panic, besides that, mentally we must also be prepared

[Richycryp]

One of the mistake I have made is that I always want to sell at the wrong time, because I'm always afraid when the market is going down. So I do ruch and pull out from the market to save myself from losing more. Market deserve you to be patient with her. For example you may buy a coin with $1,000 and after few hours you starting losing More than $300. be patient no need to panic the market will be back again, but it will take some time and it required some patient.

[bakasabo]

One of mistakes I've made in my past was forgetting about trading orders made. I have decided to buy an altcoin for BTC, and made an buy order with price 25% lower than its current price. I though I was smart and if the price drops, or someone mistakenly makes a sell order with wrong price, my order will trigger.  As I dont trade frequently, I have completely forgotten about it. I think a week has passed when I've logged in and found that my portfolio's value is unusually low. When I checked out history, it turned out that I've bought an altcoin for 0.004 BTC, while its current price is 0.0025 BTC. Turned out that the altcoin was on pump&dump period and my order was filled during dump...

[Woodie]

Some of the mistakes i made when trading crypto was listening and waiting for the general populous to say buy now or sell now because it worked once and when i checked my return on income after several months of traing using this strategy i realised i was 50% in loses and it was at this point i had taken interest to learn technical analysis which has actually given me better understanding and profitability and would would advice everyone to learn this too.

[mich]

The worst mistakes I have made with bitcoin in losing my password for my wallet and panic selling when I had no reason to do it.
When looking back both are not wise things to do and patience and caution will help you hodl on to your bitcoins for years to come.

[boyptc]

Unfortunately, I could make various mistakes in the process of work, which brought me a loss. Fortunately, the positive result still dominates.

Then you're good enough for that if that makes you still make good result.

Not all traders that creates a lot of mistake still ends up with positive result because many of them ending up with disappointment and don't want to continue anymore.

In that case, they're into negative result and makes them no longer to continue.

[ScamViruS]

My worst mistake was that I traded without proper analysis. The result was something very bad for me, which led me to huge losses. Before trading any coin, it is more important to analyze the chart than to analyze the current state of the project. Because the price of that coin will increase and the future prospects will depend on how much development the project team is doing for that project. And I had no idea about these things at the beginning of my crypto journey, for which I had to make huge losses.

[LUCKMCFLY]

I only had one mistake with a coin and it was not having sold when it was at its highest price, it reached 20USD, because I was thinking that the price was going to reach 50usd or more, I did not sell because I was thinking like the others and that "Hodl" and That does not work in altcoins and less when they are nascent projects and I have seen a number of people who are making that mistake with the tokens that are from NFT games, they say that Hodl and that does not apply, while you say Hodl there is another that is dump to the currency no matter what, lowering the price and probably never going up again.

After the dump it will never comeback, those who keep saying to continue holding are also the one who keep dumping their bag holds.

There are many a like of this experienced, out of greed or out of knowledge they are losing the opportunities but for those who accept their faith

they are more likely to move forward and push for a brand new start.

Mistakes can be corrected if you acknowledge it the right way. Take time and analyze it gives you a chance to grow and learn.

If indeed, it was after that experience that I started reading the books of already seasoned speculators like Jesse Livermore, Rochard Wyckoff, then I went on to other authors like Warren Buffet and had an idea of what their thinking was like for trading operations. and investments, after that I understood very well that all altcoins depend on BTC, that none have a life of their own, and having that clear, I understood what happens to altcoins when the BTC rises or falls and what their impact is depending on the btc trend.

[Pamadar]

Unfortunately, I could make various mistakes in the process of work, which brought me a loss. Fortunately, the positive result still dominates.

Then you're good enough for that if that makes you still make good result.

Not all traders that creates a lot of mistake still ends up with positive result because many of them ending up with disappointment and don't want to continue anymore.

In that case, they're into negative result and makes them no longer to continue.

Frustrations and regrets kill the passion of being a trader. Once you've been occupied, you'll find yourself losing control..

It's good to see that even there are many failures and mistakes, he still managed to cope up and make his trading participation
profitable, and like what you just said, not all are capable of doing that.

You are the driver of your fate. If you are keen on learning the very deeper part of this business, you can make things positive
along the way.

[ReiMomo]

Worst things were, I borrowed and invested in best coins but what happened is, I expected a turn over every month to close off the debts. But as you all know due to market fluctuations, I could not take profits every month as expected and what I did was, sold off coins to the amount I have to pay debts in LOSS every month. So here I have learnt, Never borrow and invest. And never get into panic sell or buy. This will really trap you down at loss.