How to understand that you are making a mistake?

[lienfaye]

Sometimes you'll only realize the mistakes you committed once there's already an outcome, thats why regrets are always in the end.

When I was still a newbie I had many experience of being victimized of scam investments for believing of their too good to be true offer, not knowing its just a lure to scam people.

I just think of it as part of the process and one of the reason to become a better version of myself and careful not to commit the same mistakes again.

[avarnet]

If so, I often experience it, but even if bullshit happens often, we shouldn't be discouraged from moving on to another project so we can't blame the project, so the point is that we have to be consistent with the work we're working on, it's good, but in order to fail, we have to try until we get there. achieved target

[Pokapoka124]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

Op you know the saying "keep doing the wrong thing until it turns out right". Well that doesn't apply to crypto trading. If you made a bad trade, I suggest you cut your losses and close the trade before it gets any worse. I can name a lot of shit coins I bought over the years that dumped after my buy order...broke my heart.

[Kusman]

I've actually done something before that matches this definition. I made some investment into meme coins just to try my luck. In a short term, I made some good profit and sold them. After that, I still kept having some money in these coins. But this time, most of them crashed and I made an important amount of loss. But in total, I'm still in profit a little.    So, I say that fortunately I made those investments.

[NewRanger]

My mistake, and it keep happening maybe until now is don't really know when to sell tokens/coins that i get from airdrop or bought. Sometimes, some of friend who holding it said "hold till dust" and mostly the tokens really be dust because we know some project in past is already be dead project. But not all, sometimes they are success and still survived in market until now.

dont expect too much with your assets no matter that come from airdrop program or bounty, when we got worthed value better to sold it immediately . We don't know its price will soar again or maybe dumped, sometime we make high expectation but fact said other

I've actually done something before that matches this definition. I made some investment into meme coins just to try my luck. In a short term, I made some good profit and sold them. After that, I still kept having some money in these coins. But this time, most of them crashed and I made an important amount of loss. But in total, I'm still in profit a little.    So, I say that fortunately I made those investments.

it is why we should not be greedy , always take profit in every transaction and never let it go without set seatbelt to prevent dump.

[Distinctin]

I've actually done something before that matches this definition. I made some investment into meme coins just to try my luck. In a short term, I made some good profit and sold them. After that, I still kept having some money in these coins. But this time, most of them crashed and I made an important amount of loss. But in total, I'm still in profit a little.    So, I say that fortunately I made those investments.

Meme coins are definitely not for long term investment because if you do, you will fall into a huge loss. It's only good for short term like you do and now, you're even making profits than losses.

But i must say, if you come up with a single mistake in your life, don't try to do it again because it will even cause you more damages more than what you expected. Invest in bitcoin and ethereum and for sure, you will never be in great losses but more of maximizing profits.

[Hobo66]

Yes i did two , three time. I got signal from Telegram group and i couldn't buy at a time due to network problem. After submitting multiple time transaction completed but price wa increased 2x and in 5 minutes i lose 500$. 

[MarjorieZimmermanGinger]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

The mistakes we make are inseparable from the way we think about things, mistakes are usually made on the basis of a lack of knowledge of something we want to do, we need to change this slowly so that we don't repeat these mistakes.

Moreover, buying a coin that basically we know they are sampa, but we continue to insist on buying it, with the consideration that in the future the coin has a good profit value. This pattern must be immediately abandoned, if we do not want to experience losses.

[dezoel]

Making a decision despite consciously realizing that you are making a mistake is actually emotional trading more than anything else and sometimes frustrated trading. A gambler who loses his bankroll will throw away the remaining small amount in frustration on high odds despite knowing that it won't work for him.

If you are actually executing a trade and you have the slightest feeling of making a potential mistake, then stop and think about it once. The key difference between trader and gambler is that a trader always has a reason to make a trade while a gambler doesn't. So make sure if you are executing any trade, you have a solid reason for it.

[crzy]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

I do have few experiences with the same result, buying shitcoins is too risky yet many are still hoping to get an easy profit in short term and that includes me though I don’t have regrets on doing this because I have a specific budget for this one and I don’t buy all the shitcoins just a new one with a good hype. If you can’t take the risk, don’t do it and just buy the good one.

[Natalim]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

I do have few experiences with the same result, buying shitcoins is too risky yet many are still hoping to get an easy profit in short term and that includes me though I don’t have regrets on doing this because I have a specific budget for this one and I don’t buy all the shitcoins just a new one with a good hype. If you can’t take the risk, don’t do it and just buy the good one.

I think everyone has also experienced that because of the profits that is waiting ahead even for a short period of time. For me, investing in those shitcoins is not that bad since you also made short profits on it and as long as you only invest the amount you can afford to lose. But never expect that all shitcoins are somehow profitable because most of them are definitely trash coins that should always be avoided because its only a waste of time and money.

Still, we should always trust those reliable coins that have high potentials to grow in the future and those that are mostly trusted by all investors. Bitcoin and ethereum are always its good examples and even with some high potential altcoins that has good performance in the crypto market.

[ogundowotoby01]

The best way to know if you have made a mistake or nothing by analyzing the coin that you invested in and judging if it has met your goals for investing in the first place. If you are buying to make short term gains, analyze based on the benchmark for short term gains but if you buy your cryptocurrencies with the hope of long term investments then you have to analyze based on the goals that you have set as well for long term investments. And sometimes a mistake isn't really a mistake its just that the market situation is not favorable at that moment in time.

[lenovop-70]

It was happened to me often, and i still try to make some of shit coins sold with some profit, it was my own mistakes to buy when its hipe, and i dont have much time to see how is going. The shit coin only fit for buy and sell it quick, not to hold for long term. Thats what i thought based on my experience so far.

[the ghabbar]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

Many incidents like this occur in bouty projects, people predict that the token or coin can provide a good selling value in the future, but what happens is that the coin or token is priceless/garbage.

But if we make a purchase of a coin that ends up being trash, it comes back to us in conducting a study or analysis of the coin before making a purchase, if we analyze the coin incorrectly, then the decision to buy will not give any meaning and even the coin will be trash for us to save.

[lixer]

I always say, pain is the best teacher. If you adopt an investment strategy and it cause you so much financial pain, then  you would immediately know that the strategy is not for you. I invested in ICO only once and I was scammed. I felt so much pain and I immediately knew ICO investment wasn't for me.

Testing every strategy by facing loss can be costly and I would rather prefer to deploy my strategies on a demo account than to lose my bankroll bit by bit and by the time I am ready to trade, I don't have capital.

This thread is about making a mistake while knowing it. For example, some people did short selling of Bitcoins when the price was around $30k and now they are regretting it. It was a mistake that one should have never made because how in the world can you imagine the price will keep going down after such a bear run.

[MIldic1c]

All this is because of greed. There are many things people think that if they continue to make considerable profits, people will always rely on their own ideas, without the basis of analysis, only rely on ideas, wrongly believe in others, and not analyze the market.

[zachyboy090118]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

We have different experience and stories in crypto some time gaining or in other side loosing. Realtalk, we can predict the coin we going through on that if we make profit or nothing. Here in crypto actually, no matter how we review it perfectly but in depend on market situation no matter how hype the coin your investing but its always possible to turn it into shitcoin or if lucky then the profit is all yours in the end of the day.

[Squezzi55]

Have you ever had a situation when you realized that you were making a mistake, but you just keep on doing it. For example, buying some kind of hype shit coin about which you are absolutely sure that in the end it will become garbage, but in the short term there are chances to get a good profit, but in the end everything turns out the other way around.

Share your stories.

This is like going against your own mind, if your mind is telling you that you are doing something wrong you need to believe and if you still keep doing it them greed have taken over you, shitcoins will always be shitcoins but it's normal to feel like you are missing out when others are cashing out, it's not just good for your mental health is all so stop it.

[armanhusni]

I won't make the same mistake over and over again.
if I've made a mistake once, why do I have to do it again ?,
I will leave it, maybe because of the current hype like meme coin and Shitcoin many people invest various coins but get nothing. don't have high expectations with these coins.

[Jolankaa]

Maybe this article will help you, I learned a lot after reading it. Here are the 5 biggest and most frequent mistakes and immediately there are tips on how to avoid them.  https://blockster.com/blockdesk/1140_5-biggest-crypto-trading-mistakes-how-to-avoid-them