Quote from: deonyx on June 13, 2018, 03:32:02 PM

Quote from: wantjokull on June 13, 2018, 01:02:35 PM

Quote from: deonyx on June 13, 2018, 11:13:29 AM

I won't even narrate any history, I will just say it as it is.

I got involved with cryptocurrency and overwhelmed with the market size and and all the good sides of the story, I didn't waste much time to gain little knowledge about the market, invested in it as anyone else could have, joined trading with little or no knowledge of crypto trading, learning on the trade, grew with the market, supposed to be a sweet experience but otherwise happened. I wasn't frustrated with the constant downtrend of the market, I guess it was my expectations that got it frustrated and eventually all was 1000% losses and I closed all trade without a consolation. But I'm still not giving up, rather looking for how to amend some of my mistakes.

Life experience cryptocurrency 1.0 (exited)

Im still confused about your decision. When you stated that you lost 1000% and then you decided to close it, at this point I started to believe that you might be leaving the crypto currencies and never looking back. But next sentence if yours was frightening! Literally! You are going to continue the crypto's, if thats the case then why you even sold anything? You could have just waited enough so that you could have given some oxygen for crypto currencies to breath and thus get your ROI back on track! Come on man, how hard was it? The patience is the key here and you must learn that from your biggest loss of all time!

I get you clearly man, and I'm sorry if I confused you a bit, I actually called it a loss the moment I closed the trade in loss, I wish I didn't but I couldn't help it, I guess I broke some of the rules, especially rule number #1...don't invest any money that you are not willing to lose, as simple as that may sound ironically it is the best truth ever in cryptocurrency trading, the idea will guide you or even prevent you from losing 1% of your portfolio but if you break it the repercussion is almost unbearable. I'm gonna make another thread to narrate part of my experiences, I'm sure it will help someone.

Thank you guys for your encouragement, I'm getting stronger and better

It's looks like not a big deal for most people who come and trade for the first time to go allin at once without knowing the bankroll management and how the risk behind could so destructive. You got it now but yeah it's not a bad decision at all to leave / cash them out early even you are in huge loss, you might vulnerable to get even more losses, so yeah just take a break and come back later when you think everything is fine.