16k DOLLARS LOSS IN JUST 1 YEAR

[_BlackStar]

Avoid trading on altcoins that appear to have pump and dump potential - they will obviously hurt you overnight. Even if you don't lose your coins - but the drop percentage is very scary. You may forget that you have to have a trading strategy before you do it - so this is a bad experience that could teach you something useful.

Now don't get out just because you lost money - hold your coin if they have good future potential. But consider increasing them by investing in the long term rather than day trading.

[1714689856]

1714689856

[South Park]

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

What worries me, besides the huge amount of money you have lost in a single year, is that you talk about your journey and how much money you have lost, but you do not talk at all about what you have done to become a better trader, it seems to me that you just read that you could make money by trading and then you just started doing it after watching a few youtube videos, if that is the case or at least I am close in my diagnosis then you need to stop trading and start learning before things get even worse for you.

[GiftedMAN]

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

it is just too unfortunate for you not to have got what you expected to earn from trading. Moreover, you should have at least learn something about trading that would limit your loses. It is very advisable for people to learn how to trade not just glancing at trading materials and admitting of understanding what trading truly is. If you have at least learnt how to trade, this would have limited your loses or even give some good profits at the end. I hope you have learnt from your mistake and others would have to see your mistake and an opportunity to learn and not skip learning because they want to make money from trading which can always backfire.

[goaldigger]

Starting big during your learning process is quiet not good, because that’s already big for the starter.
Well, you’ve already loss the money and you can’t do anything about it anymore aside from moving on. This could be the costly lesson for you to take but you have to stand again and do better this time. If you are not doing for the past year, learn from it and understand the process before making any movement again. Trading is very risky, and this is not an easy money to get, you have to analyze and create your own strategy just to succeed in trading.

[lalabotax]

If you are not really ready and understand about trading in crypto, you should understand it first with enough knowledge. This is a provision for what you have to do. It looks like you bought when the coin was hype. The next mistake is probably because you bought into the altcoina hype. No matter how much money we spare for certain coins, if they have hype altcoins, it doesn't guarantee you will be successful. because it will be very difficult for elcoin to rise again If they are menstruation Points will end up as shit coins. In my opinion, the most appropriate thing is to just invest in Bitcoin because it will have a lower risk than the others. and of course the opportunity to rise in Erabolis will be greater and it is worth holding on to.

[terrific]

You can invest to as many coins that you can as long as you know their fundamentals and you understand the tokenomics of that coin, not just as a trader but also as an investor.
And with futures, it's like just for real risk takers that you can take because it is truly for gamblers. If you are a gambler and you think that you can attain the risk in the future, do it with small amounts.

[SmartGold01]

The most common mistake you have done is not having a teacher, look to whatever things you wanna be today you needs a guardian who will lead you to the successful part of your trading, so your mistake again was when you didn't invest in bitcoin your attention was on altcoin and you never for any day have this feelings that your coin can turned to zero in a single minute without you knowing your stance and I must say you invested in shitcoin rather a good coin. Which likely ended up a pump and dump coin. Go have a teacher and come back again to better yourself than doing it your own ways.

Good luck!

[taufik123]

That's quite a loss, you don't seem to have a good strategy that can be applied.
Trading Spot and Futures requires a good knowledge of trading.
If you don't know that, it's very risky.

The initial investment of $1000 is also quite large and can develop consistent trading if you do it right.
But you are interested in hype coins and when you get profits you don't sell them.

You need to have a target to sell, not just hold.
When you reinvest $6000 it becomes a big investment peak, here I know you are affected by FOMO with the hype coin.

If you enter recommended coins such as Bitcoin and ETH, I think you will still get profit in the end.
And you need to apply risk management and financial management.

[tvplus006]

...Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

You should not buy coins whose price has already increased significantly. It should be remembered that this is not the last opportunity for you to become a millionaire. Also, you should not buy one coin for your entire deposit. In this case, if you have chosen the wrong coin for investment, it will not entail the loss of the deposit.

[AmoreJaz]

...Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

You should not buy coins whose price has already increased significantly. It should be remembered that this is not the last opportunity for you to become a millionaire. Also, you should not buy one coin for your entire deposit. In this case, if you have chosen the wrong coin for investment, it will not entail the loss of the deposit.

she spent a good amount of money when she was very early in this trading market. she should test it with few bucks first up until she got a good grasp of what she's doing.
if she bought btc, i highly believe, she will still have those satoshis. and happy about it.
- for one, don't invest on alts that you have no idea of, esp those pnd alts. you will easily get rekt by these projects.
- don't buy fomo, or other hyped up projects
- stick to btc every time you are in doubt about the coin you want to buy
- don't go to futures if you have no idea about this, stick to spot trading while you are learning more about this market.
but as she walked her way on this market, hopefully, she will learn a thing or two before she totally regret of knowing about this market

[ancafe]

Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

You trade in the wrong coin and perhaps the confidence caused by the hype in trading is quite dangerous and we are unable to control when there is a decline in the coin. Even if you buy a coin when the price is down, if the coin does not have good fundamental levels or is only influenced by hype then it is not a good decision to get involved in it. I don't trade on the short term because I don't have any special skills, but I prefer to trade when I am truly prepared for all the possibilities that may occur. The mistake is that you don't understand trading but still insist on getting involved in it using a large budget at once and you should trade with a small budget first if you don't have the experience and skills.

The coin chosen must be able to be analyzed for its development because engaging in short-term trading is much more difficult than choosing long-term investments. If you don't have this ability, you should choose a coin that is much more fundamental for trading, so that you can avoid losses like the ones you felt at that time.

[JULIA2023]

Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

if the coin does not have good fundamental levels or is only influenced by hype then it is not a good decision to get involved in it.

we cannot say that where is the fundamental levels of coins because you can take example from the DOT coin which was at the price of 55 in january 2021 now you can see the the price is 3 to 4 dollars.how can we know where is the dip level and where is the up level.all the movement of coins is according to bitcoin if bitcoin is up all the coin will go up if bitcoin is going down the coin will be down respectively

[LogitechMouse]

~
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

Well, you are a trainee you said, and you invested that amount of money? I don't want to say that you're insane, but for me, you really are. Just imagine losing that huge amount in just a short amount of time? That's ridiculous TBH.

Where did you make a mistake? I will tell 2 reasons that I think it is.
1. You invested a very large amount of money when in fact you are just starting. What is your monthly salary if I may ask OP? Newbies tend to lose money at the start of their trading journey. Well, it's understandable that you lose money since you stated that you're a newbie, but to lose that amount when you're just starting? Like I always say, "Experience really is very expensive."

2. You let your emotion decide for your trade, and because of that, you made wrong a wrong decision. You bought a coin that's pumped up in price already, and you hope that it will pump even more. I know that because I also experienced the same thing that you experienced when I was a newbie. I also bought a coin that's price has been pumped already because I think that I can get short term profits on it. Ending? I lost more than half of my money because of that decision. I let my emotion decide for my trade, and that's your problem as well.

I guess you need to lose a huge amount of money to learn something from trading. I don't want to say that you need to continue trading especially after losing that amount, but if you really want to continue trading despite what happened then it's up to you already. Good luck with your life, and I hope you will recover from these losses that you incur.

[slaman29]

I guess you just learnt the hard lesson I try to repeat as often as possible for people in this forum. That is, trading is most likely not for you, and even if it is, trading is most likely going to cause you losses.

People complain a lot when you say this, but not a single trader who does this can show you pure 100% transparent trade history where they made money by following a particular strategy.

Put money you can afford to lose. Invest in Bitcoin and Ethereum long term (buy not trade)

[Xcode7]

~
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

Well, you are a trainee you said, and you invested that amount of money? I don't want to say that you're insane, but for me, you really are. Just imagine losing that huge amount in just a short amount of time? That's ridiculous TBH.

Where did you make a mistake? I will tell 2 reasons that I think it is.
1. You invested a very large amount of money when in fact you are just starting. What is your monthly salary if I may ask OP? Newbies tend to lose money at the start of their trading journey. Well, it's understandable that you lose money since you stated that you're a newbie, but to lose that amount when you're just starting? Like I always say, "Experience really is very expensive."

2. You let your emotion decide for your trade, and because of that, you made wrong a wrong decision. You bought a coin that's pumped up in price already, and you hope that it will pump even more. I know that because I also experienced the same thing that you experienced when I was a newbie. I also bought a coin that's price has been pumped already because I think that I can get short term profits on it. Ending? I lost more than half of my money because of that decision. I let my emotion decide for my trade, and that's your problem as well.

I guess you need to lose a huge amount of money to learn something from trading. I don't want to say that you need to continue trading especially after losing that amount, but if you really want to continue trading despite what happened then it's up to you already. Good luck with your life, and I hope you will recover from these losses that you incur.

Either courage or greed decides to start trading with very large amounts of money.
I really wonder why there are people who are so brave when in fact they should know first that the crypto market is very risky and they should learn first so as not to suffer big losses.

What you say is very true that emotions that determine trading destroy trading itself, And also because the capital is large, it makes things worse because realistically someone who trades with large capital will want large profits too.
Especially for a beginner who doesn't understand much knowledge in trading.

Experience is indeed expensive, but a big defeat will definitely affect a person's mentality in starting again, there will definitely be a feeling of fear that will haunt him in the future if he does the same thing.
However there is really no other choice but to make this a lesson and start better so that we can recover from the defeat we have suffered.

[JULIA2023]

i cannot leave trading but i can change the method for my trading.now i thinking if i should invest only in bitcoin then i could not lost a huge amount.i hope i will recover it in 2 to 3 years with a positive thinking and specially changing the trading method.

[pawanjain]

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.

You are probably trading shitcoins and taking part in pump and dump schemes. Don't fall for those telegram groups who say this coin will go up.
You have to give your time to the market and learn things. You are doing all those mistakes which have already been discussed here several time.
So you definitely need to slow down now and learn to trade before diving right in. Start learning analysis and start slow.

[Lakai01]

i cannot leave trading but i can change the method for my trading.now i thinking if i should invest only in bitcoin then i could not lost a huge amount.i hope i will recover it in 2 to 3 years with a positive thinking and specially changing the trading method.

To be honest ... it sounds to me now like you want to lose significantly more money.
So what's your strategy that you're going to change? Maybe you could get some tips here before you put them into action.

Here as a general tip: Especially as a newcomer in the market, you should never invest real money but deal with paper trades for a long time. This way you learn a lot about yourself and your trading behavior, but you don't lose money if the trades don't go as planned.

[Strongkored]

I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.

I suspect that you have fallen into the trap of a pump-and-dump scheme from a group that will benefit from inexperienced traders like you who buy coins that are going up because they think they will still rise higher but the opposite happens, and the coins are usually with a low market capitalization or could be on the list of exchanges that will be delisted as soon as possible.
An important lesson is not to get involved in trash coins like that, because many people use these coins to pump and dump and make a profit from that. If you want to trade on altcoins it is better to have the highest trading volume on that exchange although this is not a guarantee because anything is possible in the crypto world like you experience a lot of losses even in a very short time.

[Russlenat]

There seems to be a problem with the way you handle yourself in what you are doing. You've admitted that you aren't experienced enough in trading, so how come you risk a large amount of money in it? Isn't it the right approach to start with a smaller amount and evaluate yourself first to see if you're ready to go big? It appears you might be playing with your money, if I may say. Trading is all about knowledge and experience, so starting with a significant capital for someone who isn't experienced enough is a bad move and is bound to lead to losses sooner or later.

I've also noticed that you're involved in different kinds of trades, which I think is another mistake. I mean, for a trader who isn't very knowledgeable, you should focus on simple trades only, like the classic 'buy low and sell high' technique. Once you've mastered that, then you can consider moving into something more complicated.