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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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2718399 No.2718399 [Reply] [Original]

I'm contemplating making my first bad trade.
It's not big mind you (-2%) but it's getting to me. The last two weeks I've managed to buy dips and sell 4-6% higher and turn some shitty 80$ in 290$ and I wasnt planning to slow down until I get 1 BTC. I mean I knew at some points I would lose because you can't go 40+ trades without ever losing some.
It just feels awful. This shit is draining all my energy and attention. I'm spending all day looking at the frontpage of bittrex trying to find "good" trades to take with minimum risk.

How do some of you deal with it ? I'm losing sleep over this day trading shit.

>> No.2718489

>>2718399
once you do it for years, it becomes a little less stressful

>> No.2718497
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2718497

>>2718399
Try and enjoy yourself, OP

It's a rollercoaster so strap yourself in for one wild ride

Also, never forget the most important rule of crypto - Only invest money you can afford to lose

>> No.2718510

>>2718399
Don't invest in scamcoins.

>> No.2718530

>>2718510
I'm not investing. I'm not holding anything for more than a few hours to get a return on it.
I'm sorry if it sounds dickish but I can't afford to invest and hold in something and HOPE it moons 2x-3x its value randomly

>> No.2718544

>>2718399
I once lost half of my life savings in 1 single margin trade over night
-8000 EUR
Felt physically ill all day.

This turned out to be the most valuable lesson of my /biz/ life. I'm now back up to
+60000 EUR

>> No.2718557

>>2718544
How did it happen ? Did you misread the charts? Got sandwiched in a whale war and couldn't get out of ?

>> No.2718563
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2718563

>>2718530
>I can't afford to invest and hold in something and HOPE it moons 2x-3x its value randomly
You came to the wrong place buddy

Better turn back now before it's too late

>> No.2718812

>>2718557
I went long on ETH/BTC
ETH went down a little and BTC skyrocketed
That was weeks ago when ETH was still under $100

Since then I've only margin traded X/USD pairs and things went much better