16k DOLLARS LOSS IN JUST 1 YEAR

[yudi09]

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Everyone's interests will be different. There are those who prefer long-term investments and there are also those who prefer trading. At least for a beginner who wants to start, he must have someone who can provide explanations and knowledge to him.

It's true that everyone's interests are different. 1 year to learn trading is enough time even if you experience losses in 1 year. If after 1 year you still cannot implement strategic management, it means that you should not continue trading because it is not suitable and switch to long-term investment by choosing Bitcoin.
Investing in Bitcoin is more convenient for beginners. The level of complexity is more controlled. Buy when the price is low and hold until the price increases greater than the purchase price.

[Out of mind]

Oh..he Mr. OP, the strategies you adopted were completely wrong due to which you have suffered constant losses and lost money. Since you did not take trading advice from any wise teacher, you have to suffer this situation. It would have been better for you to have known things earlier when you first thought of investing. But instead of doing that, you start trading again without realizing it and end up losing money. You mentioned here that with the $6000 you purchased an Altcoin token, that too during peak pumping. You need to know these things first that the riskiest investment is altcoins, which can make you lose money quickly. When you bought this coin it was worth $11 dollars which seems to be the maximum pump and when it was dumped it dropped to $2 dollars which really dropped the collapse in your wallet. So you should avoid day trading, I hate this kind of trading at all, but investing for long term is the most preferred for me, and there is security of money to be gained.

[AbuBhakar]

Without knowledge and direction from people who already have experience in the investment field, it is better for us not to try to do it because it will cause us losses in investing and if we have the desire to invest, I think we need to seek knowledge about investment from those who have have experience in this field. You are right, there are two things that can be done in investing, some do it long term or short term, but in my opinion, if we just try it, it would be better if we just try one of them so that it can be easily understood after understanding it, then we will You can try other ways to get profit.

It depends on what kind of trading you want to get involved because you don’t need that kind of technical knowledge if you will just invest on spot market and don’t sold at loss because you can hold your token until the price pump or recover in an event that it suddenly dump once you purchased.

The problem on newbie was they are too greedy and gullible to try risky sector of crypto trading such as futures trading. Crypto is already too volatile in nature and adding leverage on it will surely a killer. Exchange that offers a leverage higher than x20 is already unethical because they are allowing their customers to gamble without knowing the real danger of high leverage.

[GigaBit]

Trading is a very risky platform as money can be easily earned and lost easily. You were relatively new there so you lacked experience. But there is no way to say that you could have profited there even with experience. Essentially you took a trade in a coin at a time when that coin was at its highest price. When the market starts to turn a bit bearish your coin price also drops very quickly. Any investment based on hype is more likely to lose. Also you kept your investment in only one basket which was also a big mistake. Investing in a diversified portfolio reduces the risk of losing quickly. Again, if you try to buy any coin from the dip, it is not possible because the market is bullish at that time and you have to wait for a long time to get the dip. But you have learned a good lesson from your mistakes. Hopefully in the future you will definitely be able to take better judgment and take trades before taking them.

[goinmerry]

The mistake I have clearly seen was, you are driven easily by the hype.

That $0.92 to $14 price increase is a situation where you should be vigilant especially if we are talking about altcoin. You got deceived by what you saw, a whopping 1400% increase and I understand the feeling. At that time, you are now under FOMO and still buy that coin at its hype price thinking you will be able to ride that trend.

Anyway, it's fine to feel egrettable about that decision. Losing experience is part of trading. What you should do now is learn from that experience and come back to trading as a more knowledgeable and vigilant trader. You should be serious from now on as you are spending decent money on the process. The same as having a business, you shouldn't allow your capital to be wrecked as much as possible.

[South Park]

The mistake I have clearly seen was, you are driven easily by the hype.

That $0.92 to $14 price increase is a situation where you should be vigilant especially if we are talking about altcoin. You got deceived by what you saw, a whopping 1400% increase and I understand the feeling. At that time, you are now under FOMO and still buy that coin at its hype price thinking you will be able to ride that trend.

Anyway, it's fine to feel egrettable about that decision. Losing experience is part of trading. What you should do now is learn from that experience and come back to trading as a more knowledgeable and vigilant trader. You should be serious from now on as you are spending decent money on the process. The same as having a business, you shouldn't allow your capital to be wrecked as much as possible.

The issue for the OP is the high amount of money they have lost already, one widely known fact is that newbies lose money when they begin to trade, and if they had known this then they could have reduced the amount of money they invested and test the waters this way, experiment what works for them or not and finally once they get to know themselves and the markets they could take better decisions when faced with a difficult choice, but instead they used a lot of money from the beginning and now we are seeing the disastrous results this brought them.

[HONDACD125]

The best decision is investment compared to trading. OP also said that he had just started trading, so this was purely OP's mistake in choosing to place that much money in trading instead of investing.

In my opinion, investment is definitely easier than trading, but not so easy that even a newbie can invest easily. Trading is a tough job and requires a lot of experience and skill, while investing also requires knowledge. Market volatility bear, season bull season, previous record and history of any coin, current season information about all these is very important. Only then can we be a good investor and make a profitable investment.

There are also people who bought Solana at $200 and bought Dot Coin at $40.Now you can see the current price of both where they are trading. Similarly, you will find many investors who bought Bitcoin around $50,000 and then the price of Bitcoin has dropped to $15,000.These will surely be people who don't know about investments and invest without knowledge and information after watching the price of Bitcoin decrease.

[Stable090]

Starting big during your learning process is quiet not good, because that’s already big for the starter.

Lack of understanding about trading is the main reason why the OP lost that amount of money. Before you start any business or investment, don’t just rush and invest a large amount in it. If you start trading, there are high chances of you losing all your money in the process of learning. That’s why it’s better to just start with a small amount of money to learn and to get the strategy that will work for you before increasing the amount that you will be using to trade. When increasing the amount you will be using to trade, it should be gradually. Don’t think you already know how to trade and you will increase your money instantly, you have to be increasing your money gradually, trading is a continuous process and you will keep on learning always.

[Woodie]

If there is one part about crypto trading most users don't really talk about is the Altcoin market manipulation!!!

The fact that Altcoins have very little liquidation on most of these exchanges we know, makes them easy to manipulate if you own a lion's share of coins...and knowing this information should have saved you and made you some profits!! Anyway , incase  you still trading
alts  you want to be taking out profits at any given chase unless it's Bitcoin you can hold a winning trade till take profit.

[SOKO-DEKE]

When some high-ranking members in the forum are advising newbies to stay away from trading, they have a reason for that, but some newbies are feeling themselves with little knowledge; they just gather and go ahead and involve themselves in trading, which is not supposed to be the case. If someone wants to be a successful trader, they need a proper understanding of trading before they should involve themselves in trading. If someone who is an experienced trader can also lose some time in trading despite their knowledge of trading, a newbie should know that trading is very hard and requires good knowledge.
 
Op I believe that you lost money in trading because you lack proper knowledge about trading because the way you try to explain yourself seriously shows you just buy the coin because you feel that the coin will do well without any technical analysis before buying, and they don't trade like that because you easily fall into the trap of scam coins, which are pump and dump. And again, as new people in trading, they don't need to use a huge amount of money for trading, they need to start with a small amount of money, and from there, you can gradually increase the amount when they notice they are making profits from their trading.

[Rap111]

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.

I Understood Very Well, Our Ancestors Have a Saying: If You Are Patient, You Can Succeed, Dear Users, Do Not Forget This Word. Even if you lose 15 K today, do not sell because it may exceed this level in the future. This is my advice to you

[Bitcoin_people]

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 lost $16,000 last year because of your mistake. You should have consulted an experienced teacher before investing or trading so that he would have given you good advice and you would not have lost so much if you took that advice. But you didn't take advice from a good trader and later you lost so much money in future trading or spot trading. You should first know about the market and how you can make a profit if you invest. You lost because you went into trading without knowing about the market, it's mainly your fault because the market often gets volatile due to which people lose their money. That's why you need to know about the volatility so that you don't stop trading and face losses during those times. But you didn't take any such education and you didn't take anyone's advice which is why you got into this situation. But if you were doing spot training it might give you some hope or if you were investing in bitcoins it would give you the most profit. That's why if you want to trade or invest later on, make sure to invest in Bitcoin for a long period of time knowing that it will give you maximum returns.

[JunaidAzizi]

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.

Your first mistake is that you initiate trading without knowledge which means that you did not understand about any coin and consider every coin as a beneficial coin to give you profit. Other mistake is that you Continuesly trading after your loss, I think if you face loss for certain times then you should stop your trading that time and try to evaluate the reason behind your loss which you did not evaluate.
If you are not good in trading then don't waste your time and money in trading but save your money through investment which will maximise your money as well as reduces your loss. Also remember that if you are spending lots of money on other useless coins then beside it you can invest large sum at once in bitcoin which can be beneficial for you.

[Hamphser]

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.

So there's what have you done and these are my comments basing up on the number.

1. Doesnt need to go multiple if one is really just that enough. Dont try to catch up everything.
2. Futures is not recommendable, it is really that gambling like
3. Buy high sell low, eh?
4. Profits is profits, this what matter most.

Dealing up with this unpredictable market would really be always be ending up with unpredictable results. Outcomes could really be that different because there's no way that
we could be able to determine on where things could be going. This is why losses are indeed inevitable and there's no way that you could really be able to tell whether you would really be
succeeding into this career or not.

16k loss in a year is really that big and not something that i could really afford  to lose but since its their then there's no turning back.
People would really be losing money on the time that they are starting which its a common newbie situation but later on then having  those mistakes do make out
learnings on which it would really be something that will really be useful for you into your further trades that would happen in the future.

[lombok]

The best decision is investment compared to trading. OP also said that he had just started trading, so this was purely OP's mistake in choosing to place that much money in trading instead of investing.

In my opinion, investment is definitely easier than trading, but not so easy that even a newbie can invest easily. Trading is a tough job and requires a lot of experience and skill, while investing also requires knowledge. Market volatility bear, season bull season, previous record and history of any coin, current season information about all these is very important. Only then can we be a good investor and make a profitable investment.

There are also people who bought Solana at $200 and bought Dot Coin at $40.Now you can see the current price of both where they are trading. Similarly, you will find many investors who bought Bitcoin around $50,000 and then the price of Bitcoin has dropped to $15,000.These will surely be people who don't know about investments and invest without knowledge and information after watching the price of Bitcoin decrease.

The stress and pressure caused by both are also different. Trading has a higher level of stress and pressure because this is influenced by market price volatility at that time as well as several take profit and loss targets during the trading period (short term). Investment is clearly different because the goal is long term.

As you explained, although investing is relatively easy, it carries big risks and tends to take up time. To achieve satisfactory results we are also required to master basic things regarding market analysis and sentiment. If you invest haphazardly, the profits generated and the time required will be a little unequal. However, if we master the basics of analysis, perhaps the investment time and funds used can provide maximum and satisfying results. And events like buying at peak prices as you say will not happen.

[rojan]

Your first mistake is that you initiate trading without knowledge which means that you did not understand about any coin and consider every coin as a beneficial coin to give you profit. Other mistake is that you Continuesly trading after your loss, I think if you face loss for certain times then you should stop your trading that time and try to evaluate the reason behind your loss which you did not evaluate.
If you are not good in trading then don't waste your time and money in trading but save your money through investment which will maximise your money as well as reduces your loss. Also remember that if you are spending lots of money on other useless coins then beside it you can invest large sum at once in bitcoin which can be beneficial for you.

Before we start trading, it would be better if we start with a little thought because if we trade with a wrong decision, we will lose. But for trading, we must have a good idea in trading communication, then we can succeed in trading. However, during our trading, some  Trading should be done according to the rules. When there is a loss, then you should stop trading for some time and understand the situation of the market.

[boltz]

Well , it might be the time to actually admit trading is not for you right ? I mean , if you had those kind of money to trade and assume to fact that you can lose them , it's okay ...but if you don't , I think it's time to stop and your aggressive trading and simply transit towards a hodler as I'm sure you will be a lot more happier in the end. Personally , I never was a good trader and if you're not a major player in crypto space , the market will instantly eat you and your money on same time.  

[Fatunad]

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.

I Understood Very Well, Our Ancestors Have a Saying: If You Are Patient, You Can Succeed, Dear Users, Do Not Forget This Word. Even if you lose 15 K today, do not sell because it may exceed this level in the future. This is my advice to you

But we know that being having that too long "PATIENCE" or something that we could say that soo much in that sense then it would really be having its cons or disadvantage on which you would really eventually missing out tons of opportunities on which you could really be able to miss out if you wont really be that wise on knowing on when would really be the best time to sell.There are indeed situations on which you would really be needing to take up such action but if you are really that going for long term or lets say for some decade before on making out such decision then it would really be your choice.It would really be requiring that extreme dedication and patience for you to be able to do so. Not all would really be having on the same level when it comes to this manner.

Learning from your mistakes would really be the key on making yourself way more better. It might sounds hard but its not impossible. There are really just those losses or misakes which is really that severe
and really that hard to move on and you would be always keep on thinking on what you have done but well whats done is done and there's no way that it could really be taken back.
It is really just that you would really be needing to move on and move forward.

[Peanutswar]

Seems just you made the wrong timing of your position, even though you are a beginner you know and understand if the market that time is quite high or low, so you can possibly make a good strategy to entering and exit, and another thing is don't make alot of expenses too much you don't need to give all of your salaries, seems like its okay with you to lose your income just to have a trade. Looking forward into it, this can be a treated as an expensive learning or mistake, by that i guess you learn alot with the market possible movement so you could avoid now the same mistake from the last year youve committed. Or else why not make an investment other than crypto and if you succeed use those good cashflow for your crypto.

[South Park]

Well , it might be the time to actually admit trading is not for you right ? I mean , if you had those kind of money to trade and assume to fact that you can lose them , it's okay ...but if you don't , I think it's time to stop and your aggressive trading and simply transit towards a hodler as I'm sure you will be a lot more happier in the end. Personally , I never was a good trader and if you're not a major player in crypto space , the market will instantly eat you and your money on same time.  

While I think this is the correct path for the OP to take as the level of difficulty is way lower, I doubt the OP will listen to your advice, as once a person has lost that much money they will be unable to stop thinking about it and they will want to recover it, this is a process we see in every single activity in which people can lose money, including gambling, and despite how much it is known about this process, due to human nature this keeps happening, producing greater and greater losses for those that choose to follow this path.