How I flipped a $100 trading account to zero.

[Coin_info]

Yes you read the topic right! The biggest lessons are learnt from failure. Too many times, new traders are interested in how a trader turned a $0 account into a huge amount, but not how a trader lost all their deposit to bad trading. As a lesson to the few who do not already know this, I am sharing my experience on trading, and how I rekt my account earlier when I started trading.

• Going against the trend

Many traders do not really understand how important this is, if you go against the trend the chances of failure in trading is high. This is why identifying the trend for the day is one of the most important aspects of trading and it should be something that every new trader should do before choosing or making trending decisions. Identifying the trend should be simple, just find the Higher highs and higher lows, or the lower highs and lower lows etc.

• Revenge trading

I lost some money, decided to chase the market to make it back.

• Trade everyday

Because of the plan to flip my account, I was always in the market, looking for positions to take. Even on the weekends where trading is risky, and false moves can be much, I did not give myself a break.

• Trading every coin instead of choosing a few that I could understand their movement

Those are the few lessons I learnt from failure, what did you learn?

[joeperry]

Those are the few lessons I learnt from failure, what did you learn?

That was some common mistakes I've made too when I started trading. At least you learned your lesson at $100 some of the people I know lost thousands of dollars to learn that kind of lesson, one thing I can also say what mistake I've done before was trying the futures, when I started I don't exactly grasp its concept until later when I found out that if you lose it, you lose it. Unlike buying normal coins, you get a hold of that asset (no matter what the price) in futures, it's like placing bet, once you lose, you lose.

[IIrik11]

intraday-ers usually almost always end up in loss imo

or end up paying more in fee overall in the long run

it's just better to research the projects you're interested in

and if u do trust your research buy and hodl them for long-term

[crwth]

You cannot get everything right 100% of the time. It's not going to be a successful thing always. Mostly, it's better to have the right mindset in terms of trading and be strong with your mental state. You need to control your emotions and not let them affect your trading decisions. With that, you need to add a risk management strategy and a trading plan to achieve success.

[Potato Chips]

In every decision making, being in the right headspace is really important as we're more likely to make level headed decision. Seeing you're red AF can really induce stress lol, best to try and be self aware about this so you can take a step back.

Biggest mistake I made probably was risking money I couldn't afford to lose way back during newbie in crypto days lol. Though that time, at least I was able to get half of my principal back lol.

It's nice to see you've written what you've learned as I think laying it all down puts things in perpective.

[LogitechMouse]

Going against the trend
---
Revenge trading
---
Trade everyday
---
Those are the few lessons I learnt from failure, what did you learn?

These mistakes that the OP has shared are some of the most common mistakes that I've experienced when it comes to trading. I've tried to go against the trend already because I thought that at some point, it will go down, but I'm wrong and because of that, I lose some money, and because I lost some money, I'll try to recover it that's why I'll open up another position after that. Basically, I'll revenge trade just so that I can get those losses, but what happened is that I lost even more because I opened a position based on what I feel and not on what I think will happen. I didn't analyze the market, but I let my emotions trade for me, so I lost.

As for trading everyday, there's nothing wrong with it TBH. I mean you can make 2-3 trades every single day, and you're still fine doing it. If you make 2-3 trades and you made money then you're good for the day, and if you lost then you can recover the next day. There's nothing wrong with trading every single day (weekends excluded). What's wrong is that, making around 15-20 trades per day because that will take a toll on your mind in the long run.

What did I learn? You don't need huge capital to make money in trading. You can still make profits by just trading 20$, because for me, experience, knowledge, and a working strategy will make you profitable, and not having a huge capital. You can have $1000, and still ending up losing it all if you don't have these 3. Of course, these 3 aren't enough for you to make money in trading because there's still so much to learn after that.

[EL MOHA]

Going against the trend
---
Revenge trading
---
Trade everyday
---
Those are the few lessons I learnt from failure, what did you learn?

I will take out the last option out because I believe you can a daily trader and still be a successful trader but it depends on your time, but it is not a must that as a daily trader you need to trade everyday, the market some days might be too volatile or moving in directions you don’t like and you would just have to that day out.

Going against the trend is nothing but a gamble, if it goes your way you earn lot from the market but it is the easiest way to liquidation if it goes against you. The very first thing I say to traders is let the trend be your guide that’s why my first Analysis is always the bitcoin pair because it’s trend mostly direct the entire market.

Revenge trading is lack of risk management, there are people that usually set unrealistic goals for themselves and when they don’t achieve it they chase through the market. There is nothing that stops one from following his strategy other than revenge trading you will just be chasing the market without proper risk management

What did I learn? You don't need huge capital to make money in trading. You can still make profits by just trading 20$, because for me, experience, knowledge, and a working strategy will make you profitable, and not having a huge capital. You can have $1000, and still ending up losing it all if you don't have these 3. Of course, these 3 aren't enough for you to make money in trading because there's still so much to learn after that.

Once the knowledge is there and a very good strategy then been patient with the little capital can definitely help to grow it, I could remember funding trading account with $100 and using $10 as capital then to trade

[tvplus006]

Yes you read the topic right! The biggest lessons are learnt from failure. Too many times, new traders are interested in how a trader turned a $0 account into a huge amount, but not how a trader lost all their deposit to bad trading. As a lesson to the few who do not already know this, I am sharing my experience on trading, and how I rekt my account earlier when I started trading. ..

Of course, it would be better if you learned from the mistakes of others) It is possible that your information will help someone, but I will add that all these mistakes you have made will be repeated over and over again until you adhere to risk management.

[Lida93]

Yes you read the topic right! The biggest lessons are learnt from failure. Too many times, new traders are interested in how a trader turned a $0 account into a huge amount, but not how a trader lost all their deposit to bad trading. As a lesson to the few who do not already know this, I am sharing my experience on trading, and how I rekt my account earlier when I started trading.

First, you need to realise that no one can turn a ZERO account into any amount except it isn't trading we're talking here. But if it's trading then you must have a figure above zero in the trading account to start with. Even with the least cent You can't start trading with a zero account. Correct yourself mate.

• Going against the trend

Many traders do not really understand how important this is, if you go against the trend the chances of failure in trading is high. This is why identifying the trend for the day is one of the most important aspects of trading and it should be something that every new trader should do before choosing or making trending decisions. Identifying the trend should be simple, just find the Higher highs and higher lows, or the lower highs and lower lows etc.

Agreed on this. A lot of traders that constantly makes losses do trade with a strategy that goes against the trend. For example; you can't see a double bottom top almost formed and you be taking a position in expectation for price to fall. Such reversal as I have understudied can merely happen ones out of 5 formations.

[moneystery]

but what you said is a common thing experienced by most traders, it's like a part of the traders' journey, and i feel that it's a normal thing, because in trading sometimes we make some decisions that are quite challenging, but if it's not like that we will never know and experience these situations. for traders who want to move forward, they will consider that this is a normal experience and it is very normal to lose some money because of wrong decisions. they will choose to learn from this mistake and try as much as possible to remember it, so that in the future they will not make the same mistake.

[TravelMug]

Those are the few lessons I learnt from failure, what did you learn?

That was some common mistakes I've made too when I started trading. At least you learned your lesson at $100 some of the people I know lost thousands of dollars to learn that kind of lesson, one thing I can also say what mistake I've done before was trying the futures, when I started I don't exactly grasp its concept until later when I found out that if you lose it, you lose it. Unlike buying normal coins, you get a hold of that asset (no matter what the price) in futures, it's like placing bet, once you lose, you lose.

Yeah, it's fairly what most of us experience in the beginning, specially that you wanted to get back what you have lost, and so you might do revenge trading. But that is still 50/50 in my opinion as it can go against you as well. Good if you won back or at least recover some, but if you lost then they you have to rethink you strategy again. By going against trend, that is a huge risk so not sure if newbie traders should do that. In any case, it might be good to experience this as well at the start so that you will now that this is a bad strategy as this is base on emotions. And I think the one of the most practice that might have been overlook is taking a break. Yes, sometimes if everything is not getting you way, it's better to just step away or one move behind so that you can have two steps forward. You will have time to reconsider your strategy and maybe tweaks some so that when you comeback, you can make a great profit.

[NotATether]

• Revenge trading

I lost some money, decided to chase the market to make it back.

This is where you made your mistake. This is not like gambling where you can have a lucky break. Unlike gambling, in trading you have so much data and news to use your advantage.

It is alright to take the L for the day if you have a long-term strategy to make your original money back. But never simply guess how the market is going to move.

[Wapfika]

Trading everyday is not bad if you have a good self control on adhering to your strategy when you trade.

Going against the trend and revenge trading is proven risky because you are trading based on your instinct that you trend will follow your own prediction.


You should add using high leverage which is the common mistake of traders that typically lose all their capital. A use of x100 leverage can burn your capital within a few minutes of trading.

[NotATether]

You should add using high leverage which is the common mistake of traders that typically lose all their capital. A use of x100 leverage can burn your capital within a few minutes of trading.

Correct me if I'm wrong, but there's serious traders who use x100 leverage??

[pawanjain]

Yes you read the topic right! The biggest lessons are learnt from failure. Too many times, new traders are interested in how a trader turned a $0 account into a huge amount, but not how a trader lost all their deposit to bad trading. As a lesson to the few who do not already know this, I am sharing my experience on trading, and how I rekt my account earlier when I started trading.

• Going against the trend

Many traders do not really understand how important this is, if you go against the trend the chances of failure in trading is high. This is why identifying the trend for the day is one of the most important aspects of trading and it should be something that every new trader should do before choosing or making trending decisions. Identifying the trend should be simple, just find the Higher highs and higher lows, or the lower highs and lower lows etc.

• Revenge trading

I lost some money, decided to chase the market to make it back.

• Trade everyday

Because of the plan to flip my account, I was always in the market, looking for positions to take. Even on the weekends where trading is risky, and false moves can be much, I did not give myself a break.

• Trading every coin instead of choosing a few that I could understand their movement

Those are the few lessons I learnt from failure, what did you learn?

I would say that is the cheapest fees you have paid for things you should not do while trading.
Consider that these are your lessons and you have paid fees to the market for that.
But one thing is, do not ever repeat these mistakes because the next time, the amount might not be just $100, it could be much more than that.

[Coyster]

• Revenge trading

I lost some money, decided to chase the market to make it back.

Aha! A lot of traders are guilty of this, they lose and they have this strong desire to recover their money, so they continue trading and chasing that loss, more often than not it leads to further losses and more frustration. Skill and emotion are two of the most important factors in trading, if you have one and not the other, it is definitely not enough, because it is your emotion that'll restrain you from revenge trading, until you come back at a later time.

[Awaklara]

• Revenge trading

I lost some money, decided to chase the market to make it back.

It is important for beginners, or those who have just started trading, to apply what is learned by trading with small amounts of money first. So when the results at the beginning are not as expected, what is learned is a lesson, not to chase the losses obtained before.
In the case of beginners tend to be confident after seeing several trading videos and starting with a large enough amount. As a result, can not accept the loss and think of returning everything in the next trade. Such a trader will not gain any experience.

[SOKO-DEKE]

Those are the few lessons I learnt from failure, what did you learn?

The fact is that there is no perfect trader we all make mistakes and learn from our failures. So, as a new trader, it is clear that one will first experience losses, as mistakes will always happen. From there, learning from those mistakes helps ensure we don’t repeat them.

As for me, the first thing I learned from trading is not to have the mindset of making money quickly from trading. The second thing I learned is not to try to recover your losses immediately, because that can seriously lead to continued losses  losses  which you might never have expected. I didn’t lose much, but the money I lost while trying to chase land  recover my previous losses is what made me stop trading the way I used to.now it once in while i do trade.

[Mrbluntzy]

Thank you for sharing your experience, it's an experience worth learning a lesson from. Speaking of account flipping, from a small balance to a huge amount raised by accumulation of profit, it is a difficult stunt that can never be pulled off by a newbie, it can not even be pulled off by someone that just have one or two years experience in trading (although there can be difference in personalities) but those that can do the flipping are professional traders that has been trading all their life and have experience the market for more than five years. Flipping is very risky and an easy way to lose your money because you apply so much risk to make the profit in a short time space.

[Bitcoin Smith]

• Revenge trading

I lost some money, decided to chase the market to make it back.

• Trade everyday

Because of the plan to flip my account, I was always in the market, looking for positions to take. Even on the weekends where trading is risky, and false moves can be much, I did not give myself a break.

• Trading every coin instead of choosing a few that I could understand their movement

Those are the few lessons I learnt from failure, what did you learn?

Interesting thing is you did all this with $100.

I don't buy it because exchanges got minimum trading limit so you can't just go and buy a bunch of tokens or meme coins with 100 dollar, or you are just exaggerating the scenario. But whatever said is true, these are the main reason why people lose money in trading because they take the high risky trades with the hope of bigger margins but fucked up at the end when someone dumped those tokens out of nowhere.