We’ve all had that one disaster that we’d rather forget when investing or trading in the spirit of learning from others mistakes and growing together, who would like to share theirs?
Never trade with your emotions. If you do, you will lose it all.
One my most common mistake is to set stop loss too tight or to be too much confident things will go the way i envisioned
The worst thing I ever did in trading was sell 400 dollars worth of cryptocurrency for 4 dollars. Was when I first started trading. I thought It was a 0.12 sell and it was actually 0.0012. stupid mistake. Lesson learned that day was always, always double check before you ok that trade
So true…not to talk the times i was thinking to SELL and i opened a BUY…SUPEROUCH!!!
Oh…here is another. One of the most common mistake i do is to overtrade. Sometimes i open too many trades in a short period of time instead of waiting for the things to clarify by themself.
My first mistake was trying to transfer BTC directly into a Nano wallet on Binance. I didn’t get that you had to trade!! Thankfully Binance was sophisticated enough to bounce it back into the BTC wallet. I could have lost it all there. But really it was just delaying the loss as Nano tanked not long after that.
I guess I got carried away Kaabayahaya says with emotions. I’d never seen gains like this before. The Lambo was within reach. It was a sobering experience and I feel much more stoic about prices even when they are going through the roof. I guess this is trading 101 rookie mistakes
Very true. It happened to me a lot at the beggining, but you need to take things easy and with patience in order to be at the point where you are making more focused decisions and with more flexibility.