Whoave
Junior Member
- Apr 25, 2018
- 100
- 47
Hello, I just wanted to share what happened me this month with you guys.
It's a bad story
One month ago, me and my friend decided to invest on Bitcoin and altcoins. Firstly, we make some lucky buys without any knowledge.
Afther that, I've found some real guys in my country doing this and they were making really good money, so we have bought a course from them.
It was about drawing some lines, resistances, supports etc.
The course was great, but I wasn't have enough money to apply the stuff on the course in real life. Because I was planned to invest only 100 USD in the beggining. But 100 USD wasn't enough, because against all the risk, all I could earn with that money was couple bucks. It wasn't worth the stress.
So I used margin account and doubled my money, in the beggining I've used 10x for first couple positions.
After that, I've lost some
Couple days later, win, loss, win loss, and I've ended up with 50 USD. After that, I've entered a position before going to sleep, and when I wake up, it was 120$. I smiled and keep doing buys and sells.
After couple positions, I've ended up with 40~50 USD and I said to myself, "okay thats it I've lost everything" and I risked all of my money on 1 position. Yes, I've lost all.
After that, I've said to myself, "okay you lose, thats it, leave crypto, leave it, leave it" because 100 USD was really high in my currency, and It was worth so much things.
After a week or so, I had all my money on Binance, I was buying some altcoins and leaving them there forever, But as a big mistake, I just transfered them to another platform where I use margins, I said to myself "Okay, I will transfer all of my money to here, and will buy altcoins as spot and leave them here, beacuse if there has been a change to use margin, i didn't want to wait for transfer time".
(All of my money was 250USD) it was 3 month saving of me. I worked so hard to save that.
After a couple days, I just lose my power of will and transfered 50 usd spot to margin account.
And lose it.
After couple days later, I transfered 100 more...
And lose 50 of it.
After all, when I left 150 in total, I buy an alt coin in spot account with 100 and its still there but down to 50 but I don't need it so I left it there until it becames 0 or 100 again....
And with that 50 USD I left.
I entered a position with all the money with I don't remember 10x or 100x, I lost it.
After that, I've send my platform another 10 USD. Just 10 USD.
I make a method, I draw my lines and started trading 100x margin with 10 USD.
for example, I open a position with 10 USD x100 = 1000USD. So when I earn 10 more, I close my position and send that new 10usd to main account and keep earning with 10 usd.
I lose some of them, I win some of them.
In the end, I make 10 usd almost like 35~40 or something.
On my last trade, I saw 30$ in one position that I opened with 10 USD. I thought that was the position that was going to make me earn all the loss I've made from the begining so I didn't stop my position and wait. 30$ become 20$, 20 became 10$ and I still didn't close.
After that, I lose 10$ that I've opened my position.
If I stop when I saw 30usd, I could can make my 10 USD to 70 USD in total. But I greed.
Then that anger make me do stupid moves, I entered random position to see 30 USD again.
But in the end, I've lost all.
0.
It started as course buying, smart move, but it end as a selfish, stupid, random gambling.
I've lost about 250~300 USD in total.
All my saving. All my hours and work.
I only left 50 USD in my spot account in the altcoin that I've buy with 100USD.
I still didn't sell that because I want my 100 usd back on there at least.
Thats my story, I just wanted to share because my psychology is bad, really bad now
It's a bad story
One month ago, me and my friend decided to invest on Bitcoin and altcoins. Firstly, we make some lucky buys without any knowledge.
Afther that, I've found some real guys in my country doing this and they were making really good money, so we have bought a course from them.
It was about drawing some lines, resistances, supports etc.
The course was great, but I wasn't have enough money to apply the stuff on the course in real life. Because I was planned to invest only 100 USD in the beggining. But 100 USD wasn't enough, because against all the risk, all I could earn with that money was couple bucks. It wasn't worth the stress.
So I used margin account and doubled my money, in the beggining I've used 10x for first couple positions.
After that, I've lost some
Couple days later, win, loss, win loss, and I've ended up with 50 USD. After that, I've entered a position before going to sleep, and when I wake up, it was 120$. I smiled and keep doing buys and sells.
After couple positions, I've ended up with 40~50 USD and I said to myself, "okay thats it I've lost everything" and I risked all of my money on 1 position. Yes, I've lost all.
After that, I've said to myself, "okay you lose, thats it, leave crypto, leave it, leave it" because 100 USD was really high in my currency, and It was worth so much things.
After a week or so, I had all my money on Binance, I was buying some altcoins and leaving them there forever, But as a big mistake, I just transfered them to another platform where I use margins, I said to myself "Okay, I will transfer all of my money to here, and will buy altcoins as spot and leave them here, beacuse if there has been a change to use margin, i didn't want to wait for transfer time".
(All of my money was 250USD) it was 3 month saving of me. I worked so hard to save that.
After a couple days, I just lose my power of will and transfered 50 usd spot to margin account.
And lose it.
After couple days later, I transfered 100 more...
And lose 50 of it.
After all, when I left 150 in total, I buy an alt coin in spot account with 100 and its still there but down to 50 but I don't need it so I left it there until it becames 0 or 100 again....
And with that 50 USD I left.
I entered a position with all the money with I don't remember 10x or 100x, I lost it.
After that, I've send my platform another 10 USD. Just 10 USD.
I make a method, I draw my lines and started trading 100x margin with 10 USD.
for example, I open a position with 10 USD x100 = 1000USD. So when I earn 10 more, I close my position and send that new 10usd to main account and keep earning with 10 usd.
I lose some of them, I win some of them.
In the end, I make 10 usd almost like 35~40 or something.
On my last trade, I saw 30$ in one position that I opened with 10 USD. I thought that was the position that was going to make me earn all the loss I've made from the begining so I didn't stop my position and wait. 30$ become 20$, 20 became 10$ and I still didn't close.
After that, I lose 10$ that I've opened my position.
If I stop when I saw 30usd, I could can make my 10 USD to 70 USD in total. But I greed.
Then that anger make me do stupid moves, I entered random position to see 30 USD again.
But in the end, I've lost all.
0.
It started as course buying, smart move, but it end as a selfish, stupid, random gambling.
I've lost about 250~300 USD in total.
All my saving. All my hours and work.
I only left 50 USD in my spot account in the altcoin that I've buy with 100USD.
I still didn't sell that because I want my 100 usd back on there at least.
Thats my story, I just wanted to share because my psychology is bad, really bad now
