What’s been your worst trading mistake?
We’re you doing something wrong? Did you lose a bunch of money over 1 stupid mistake? Did you get scammed? Let me know.
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We’re you doing something wrong? Did you lose a bunch of money over 1 stupid mistake? Did you get scammed? Let me know.
My worst trading mistake was keeping my token when the price was relatively cool, thinking I was waiting for it to get better, not knowing I was playing myself.
It was around the first quarter of last year, despite joking since 2017,i didn’t start writing until early last year and I was lucky to amass a good number of SBD as early as the first quarter of the year.
At that time, the price of SBD was $5..wow you said. The naive me thought I could wait for it to appreciate. I was new to the market and largely, the community, so, I really didn’t know that $5 was a very good bargain.
Fast forward a few weeks after, the price fell below $3 and before I could save myself, it went below $1.. It was then I realised my folly.
Wish I had sold it then but then, life happens and now, I can only hope it gets up again… ?
My worst trading mistake was selling my Steemit tokens for a cheaper price. I actually feel very sad anytime I think about this because it’s not just something I like to remember but since you already ask a question regarding this, I will have to share my experience with you as an expert on musing.
We all are aware about the drastic fall rate in the crypto market which occurred towards the ending of last year. I worked so hard to acquire close to 200 steem last year. I am sure you could remember that the market wasn’t really favorable towards the festive periods (Christmas and New year). I didn’t have much money with me back then such that the only amount of money left with me was just my Steemit tokens (steem and SBD). As a big boy, I would need to buy new clothes, trousers and shoes to look good during these days and I will also need some cash to enjoy myself to have fun at different places such as the restaurants, beach, etc. I had no cash to do that except for my Steemit tokens and the worst part of it was that the market wasn’t favorable such that it was a great loss for most crypto investors.
I had to take the brave step in selling all of my Steemit earned tokens just to enjoy the festive season even though I was kind of sad when selling. I actually don’t know why i always feel sad anytime I intend to sell my Steemit tokens (steem and SBD). I really had the intention of holding those cryptos till it appreciate but our expectations of the crypto market turned out to be futile. The astonishing part about this is that the crypto market tends to be attaining stability for the past few days which has led to increase in the price of steem and SBD by some little percentage which makes me regret selling my Steemit tokens.
I guess I made that mistake because I was left with no choice since I was desperately in need of money and my Steemit tokens were the only source of income for me. I later regretted my action though but I enjoyed the fried rice and fried chicken I bought with my Steemit tokens ?. I hope I won’t make such mistakes anymore ?.
Thanks for reading and I hope this helps.
My worst mistake while playing in the world of trade is selling all assets, namely bitcoin, etherium, steem and steem my dollar when the price is cheap and a few days later the price of all my assets goes up and I deeply regret the sale of my assets because they sell when the price down. Now, I always monitor the price first before I make a sale if the price is cheap so I will hold the sale first and when the price goes up again, then I sell all the assets that I keep.
And my worst trade during trading with Steem was, selling all the steem tokens that I had, which was 150 tokens when the price was still cheap a few months ago. I sold all the steem tokens that I had because I was in need of money for my personal needs at that time, if I didn’t sell it at that time then in the future I would receive a very large profit from the trading of steem tokens that I saved. Now I’m also collecting as many steem tokens as possible so that in the future I can earn a large income from the sale of this steem token.
Now, I have understood how and when is the best time to trade with cryptocurrency assets that I have so that I can reap huge profits from the trade process that I do with the cryptocurrency assets that I trade. Now, I am also buying a number of cryptocurrency assets that I will use as my future assets because I am very confident that in the future almost all cryptocurrency will rise at the highest price of the coin cryptocurrency. The point is I have felt a trade error when I conducted a trade using several coin cryptocurrency and tokens.
Mine isn’t really trading,it was banking…the worst mistake I made so far was investing my coins in an online bank which after some months the guy squandered our funds and started cooking up stories for us. People are really wicked and heartless!
Mine was selling 12 million Dent coins for a fraction of a cent each (worth around 10,000 $ at the time). Months later, the price of Dent coin went to 10 cents each (over 1 million USD worth). Lesson learned
My absolute worst trading / investment mistake I’ve ever made was falling into the BitConnect hype. I had a fairly sizeable investment into this considering my spending budget is minimal being a working father of 2 at a regular 9-5 job. In that time I’ve learned a ton but this was a big learning experience for me because it really taught me to do my due diligence before blindly jumping into anything or believe things your heard or read online…