Post
Topic
Board Trading Discussion
Re: what is your unforgettable experience in trading?
by
wxa7115
on 28/11/2020, 17:26:55 UTC
I am just a beginner in trading, before it all started I was just reading here and trying to get some hint on how to trade. I also wanted to learn in trading so that even if I was just at home i am also earning, i thought it's easy to do but i'm wrong. I was happy when I increased my token due to trading (buy and sell) and I tried to increase it again and bought the order again, but my token was left in the buy order and the token's value suddenly went up. I panicked and suddenly even though the value was high I still tried to buy, because I thought I might lose if I left my buy order because it was vague to be reached again because it was too high. And the result was only 1/4 of my total token left to me .. I was very sad but I couldn't do anything but to move on, and learn from my experience. The saying is very true to me that you will only learn from your own experience and not from the others advice.
I think many people have gone through similar experiences so I do not really think you are going to learn much from this experiment, at least to me when reading your post seems like you do not have a money management strategy, it is completely normal to make a losing trade from time to time and it is also normal too to lose control of your emotions from time to time and lose money because of it.

But what it is completely wrong is that you lost 75% of your tokens in a single trade, basically now you need to get 300% in profits just to get even, do you have an idea of how hard is that? So it is better to not lose that money in the first place and the only way to do that is learn how to manage your money properly.