Quote from: yndye on November 22, 2017, 08:06:14 AM

Quote from: unluckylord on November 21, 2017, 09:36:10 AM

I would like to hear some unlucky stories of people to give myself hope and not just disappointment. Any stories where you got in and lost money and later came back up?

So after a bit of research and all, i start with 1 eth and around that time, the price was 329. I joined binance, i am a noob so i put in just 0.3 eth for learning. I sold 0.1 eth at 331 when that was the highest price for the day, i felt good and bought back a bit cheaper. I did it again, but the price this time kept going up. So I couldnt sell, i had 0.10 more, so i sold it at 334.5 when the highest price that day was like 35.6. I had kept 0.05 eth just for saving, and bought bnb for 0.05 eth. So I needed to buy back 0.2 eth but the price hit 350 that day and then kept going on. Losing opportunities when price was getting higher felt shitty, but i saw bch fell down to 1155, so i bought it. As soon as I got it, it fell down till 130 or lower lol. I didnt want to sell at lower than what i got it at, so i waited till it got back to 1155, and sold at 1156. The moment I sold, the price spiked and went up to 1180 and quickly to 1999, i remember seeing it at 1300 so i bought it quickly thinking i will still have profit. But when i got done buying at 1199, it went down to 1170 and stayed that way for the whole day. Earlier today, I managed to sell it when bch hit 1250, and then i bought back almost the same amount at 1230. I had a small gain but I was happy and learning. But then, tether had to fuck up shit and everything went down. I panicked. In the end, i ended up converting the bch to eth at a loss, from 0.2 eth worth to 0.18 eth, then sold eth as well thinking it will go down more, would be better to buy at lower. But no in few hours the price slowly started getting back, and I fucked up. I had to buy back at more than what I sold at. I also had invested 0.7 eth into tokens, there was QSP, the price at which it was bought was like 0.00020 eth, and sold it at 0.00021 before it got even lower. I had invested 0.2eth into this to see and just when it came to market, it fucked shit up, i sold the eth from it too. I also had bought cindicator tokens for 0.2 eth, i sold those too, thinking the price is going dowwn I will buy back later, i sold it for 0.18 eth. Basically this shit completely tilted me, and while I learned a lot from this experience, makes me want to just feel so fucking unlucky. Do I still have hope?>

You are not unlucky but it is just part of your trading journey and I believe many traders who are profitable traders now have experienced something like this one way or another. It's good that you tried trading and experienced it than just looking at the sidelines afraid of taking a position. This is a lesson for you and you should have a strategy and follow it like I will buy at this price and then sold at this price and if it goes down then you should already have a strategy that if it goes down to a certain percentage, will you sell it or hold it? There's a lot to consider before entering a trade. Do not over trade just because you sold at a loss because you will end up with more losses if you are being emotional when trading.

Right, we should have always back-up plans specially there are really unexpected things do happen along the way which would really surprise us and trading field isnt an exception on such thing. Experience of loss will really mold us to be a better trader later on this is why we should not stress out too much ourselves on those things but rather analyze on what would be the better move incase you did meet it again on that kind of situation. Unlucky is common specially when we are just starting and come to think off that not all of us do start on being professional.