Post
Topic
Board Altcoin Discussion
Re: Panic loss me 10800$ , so patient is the key
by
bling-bling
on 19/09/2018, 09:08:39 UTC
Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you



Your analysis is wrong. You did not lose anything! In fact, you actually gained something because you sold at a high. Meaning, you earned profit! Not as much if you waited 3 more days, but heck! You wouldn't have known the price will pump that high after 3 days. Also, how can you lose something you didn't have in the first place? Make sense? You did not lose anything in this case. What happened is you missed out on the opportunity to earn bigger profit because you sold too early. That's what happened!