Post
Topic
Board Trading Discussion
Re: How can I avoid making this trading mistake? It's giving me a headache
by
olubams
on 03/04/2018, 07:07:17 UTC
So I bought 10k worth of ETH because I wanted to begin swing trading with 10K for potential solid profits via swing trades. However, I had to wait a damn week on Coinbase to receive it. However, by the time I had finally received it, the value of ETH has gone down so I only got around $9,700. So basically from there on, Im down 300 dollars, which only left me with $9,700 to begin swing trading with. So let's say I dump all the $9,700 into an alt coin for a swing trade. So in this situation, I'm already down $300. I am not happy. Let's say hypothetically, the alt coin I want to swing trade is priced at 45 cents. If the coin goes up to 47 cents and sell, I would have made $431 in profit, but if you actually think about, I would only actually make barely over $100 in profit since I've spent $10,000 worth of ETH in the very first place and value of ETH had gone down.  Huh Huh

Trying to avoid making a mistake, is a mistake on its own and its better than not trying at all. In this world of volatility, its the outcome that decides whether its a mistake or not and if it happened that way, it then give an opportunity to learn and move on without whinning about the past. I would appreciate an update though because since the past few days, it has been a situation of red all through and would want to know how you were able to pull through in this trying period.