Quote from: light22man on January 28, 2018, 08:30:49 AM

Quote from: Asoss.io on January 27, 2018, 10:57:01 PM

My trading experience

I have started with 500$ on Binance at the 2nd of Jan. I started with good portfolio..
20% IOTA
20% XVG
20% TRX
20% XLM
20% XRP
After two days my balance reached 850$ Cool

The 3rd day I Saw my balance get lower and lower I got panic.... so I sold all of my assets at 680$ and Invested all of it at TRX when it was Pumping.
The 2nd day I woke up and the TRX was dead with a total balance 430$ so I sold it Undecided

Then after some search on google I have found someond who provide Signals for a Paid subscribtion. I got in.
I made some good money my total assets was 900$.
Then i saw BCD!!!!!! Pumping so fast so I acted like a dump and sold all of my assets and invested in BCD. After 3 hour it got dump. I was freaking out do i sold all of it gor 280$ Embarrassed

Then after alot of failur my total assets was 20$ Cry

So I left the trading world behind.
After reading about arbitrage. I have been analyzing Cryptopia and Coinexchange markets for arbitrage Cheesy

so I sent all of my fund to Cryptopia 17$ and started the arbitrage. My first abritrage was a big failur!!! I tried in Fazzcoin.
After sending the transaction I have waited for more than 3 hour and it was 0/25 confirmation!! After searching on google i founded out the the coin is dead Cry

And I have lost all of my money...
Then I bought some Btc at 18 Jan
0.00166 that is the total amount..
And started the arbitrage once again but with a bit more knowledge.
I have turned those 0.00166 btc to 0.013 in less than 10 days Grin

Befor attemping any transaction i must open the explorer and see how it takes to get confirmed "By viewing the recent transaction"..

The most important thing I have learned is don't ever ever get panic and patience is your only friend in trading and don't ever invest in one coin with all of your capital

Good story, thanks for sharing your experience. I think everyone new in crypto comes through something similar: you lost you first money on trading trying to get rich fast then you realize this just dont work like that.

yea I realised that to late

Quote from: metribitcoin on January 28, 2018, 10:53:07 AM

Good experience, thanks for sharing. That very true, before buy any coin should be thinking twice and use technical analysis to know the price on bearish or bullish trend and important to put the money in to minimum 3 different coin to minimize the risk. And most important thing learn how to manage your emotion and dont be greedy. Also use stop loss in every trade.

Exactly that what i have learned after all I wish I met you a month ago..

Quote from: coinman45 on January 28, 2018, 10:58:35 AM

Nice story to share. That's the risk in Trading if you use your Emotion you'll probably lose everything. @OP I suggest not to stop the trading since you have learnt something you'd be more cautious.

I will resume trading after building a new capital by arbitrage Wink

Quote from: nydiacaskey01 on January 28, 2018, 11:00:58 AM

I am not an expert in trading, I am just a part time trader that trades when I have extra BTC and trade for a short period of time but let me quote a part of your post to let you see your mistake.

Quote from: Asoss.io on January 27, 2018, 10:57:01 PM

Invested all of it at TRX when it was Pumping.

Quote from: Asoss.io on January 27, 2018, 10:57:01 PM

Then i saw BCD!!!!!! Pumping so fast so I acted like a dump and sold all of my assets and invested in BCD.

You chase the ones that are already pumping, which is very risky. You bought when the price is still high then price dropped and you are holding a bag of expensive coin. Learn to use the tools available out there like RSI.

Don't put all your money in 1 basket, distribute your money so if one fails to give you profits, other coins may help your recover.

My main problem was getting rush anto any pumped coin