Ninjastic
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Board Trading Discussion
Re: What's the worst trading decision you've ever made?
by
el kaka22
on 27/02/2018, 06:42:22 UTC
Quote from: reganvegan on February 26, 2018, 06:56:16 AM
Quote from: naidray on February 24, 2018, 07:23:17 AM
Quote from: ngavanngo22 on February 14, 2018, 05:37:02 PM
I think my worst trading decision is EMC2. LOL. I spent about 0.2 BTC to buy EMC2 when its price was only 0.00001 BTC/EMC2 then I sold it for 0.00002 BTC/EMC2. Also I doubled all my money but if I were more patient at the time maybe I would have earned more than that 7 or 8 times cause only 1 month after that EMC2 price rised to more than 0.0001 BTC Sad
Well, that is if the OP is talking about signals gotten from indicators, Technical analysis and Fundamental analysis.

In this case, I am sure the OP is referring to Telegram signals where someone calls the shot and the followers do the usual thing which is to follow blindly. That is a huge problem for someone who wants to trade, because there is no way they cannot end up losing a lot at the end. It is always good to have the knowledge and be able to make decision without being told what to do.

I was just talking about dumb trades that people have made. Following other traders blindly is a sure path to destruction, though!  Smiley
Ha ha, even if anyone wants to follow other traders, they should at least be able to make some decisions on their own based on what they suspect on the chart, but of course, some people will rather not learn and follow everything being said by a trader until they lose out completely.

One thing, most times, they are not even told where to stop loss and they end up bag holding until they are left hanging in the cold and then giving up totally to sell for huge loss. It is always better to learn and have your own strategy, and even if you want to follow any trader, at least you will be able to still make your own decisions and analyze the market.