Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Trading Discussion
Re: Don't join trading under pressure
by
BenCodie
on 16/02/2025, 02:05:53 UTC
Quote from: stomachgrowls on February 14, 2025, 12:18:24 PM
Quote from: BenCodie on February 12, 2025, 01:11:47 AM
Quote from: bakasabo on February 11, 2025, 02:36:08 PM
Quote from: BenCodie on February 10, 2025, 10:33:17 AM
Quote from: bakasabo on February 10, 2025, 10:07:28 AM
But somehow under pressure of news, greed and question my wife asked me (I was actually surprised that she even find out about Trump meme-coin and paid attention to crypto), I have purchased a little of it. But sadly, it was already to late to earn with it. Sold within an hour with little loss. My experiences how I was under pressure and how easy I was manipulated...

It could have been worse, it has bled 80% from the top. Selling within an hour with a small loss is a good remainder/price to pay to stay out of that game. It could have been worse, and you could have bled with it as it has over the last few weeks.

I have been struggling not to get involved into hyped altcoins, avoiding buying meme-coins for years. But that time by defense has fallen for a moment and I got into «why others can, but you cant» kind of pressure and bought Trump. Good that I have quickly woke up and realized that it is better to get rid of such risky asset. You see, how little slack in concentration led to money loss.

It can be tempting when you see others making 2, 5, 10, 20x or more (or at least, portraying as if they have). The main thing is that you quickly learn that it's not as easy as it is made out to be, and that if you really want a 100x+, you probably have to not just be a (potentially shady) insider, but also have to have the necessary tools, skills, and be inside the right circles before you do - not to mention that you will probably lose 10, 20, 30, or 99+ before you hit the 100x. It's not worth it. Glad that you've woken up Smiley Stick to stacking sats!
Pretty sure that each one of us did really comes into a point or experience it out with this kind of emotion and mentality specially when we are just that starting up. We are really that hurrying up ourselves on trying to reach up into those profits on what other people been that able to reach out specially when it comes to those 100x or even more on which it will be that excites us to make up some steps on which we didnt really that think up that much about the probabilities. When it comes to trading then it is really that something that could pressure you and if you arent that able to handle it out then this is where mistakes will be keep on piling up.

Trading is something which could really that give out that mixed emotions whenever you do deal up with volatile space. We do know that when it comes into this kind of situation on where emotions and mentality will really be that mainly be affected and if you arent that good when it comes to handling then you will definitely be facing up such problem and issues. On the time or moment that you do made up such dealing with the market then its right that your real experience will be the ones will be teaching you up to sustain along the way. It is really just that this wont really be that becoming easy or really can be done in a short period of time.

Definitely and these experiences are important in the learning process, and some people need to learn from experience in order to for the lessons to concrete.

Emotions are another thing that takes experience to train - it takes a lot longer to train emotions when trading/investing in comparison to keeping away from meme coins/understanding that meme coins are the highest of high risk plays.