Sharing my experience this past few days!đđ»
PS: Sorry for the grammar
First, Yesterday, When i woke up, I saw that $MOB was pumping and as a beginner trader with minimal experience i hopped on it to make quick money. The first 2 trades were good but I got greedy and traded again. then i lost 30% of what i invested. It's a good thing that i sold it at a lost tho because it went down. I should've known better in that scenario.
second, Since my emotion was down and $PEPE at that time reached 0.00000768, I sold my PEPE holding because i thought that it would go down but NO. hours after i sold it it went pass to 0.000008 and at night it went pass 0.0000085. I said to myself, Damn i sold low. I should've just hold on. I let my emotion drive myself.
Third, This didn't happen yesterday but last week. Stop loss can sometimes be your biggest enemy. When $DOGE was still on .184 range. I set my stop loss at .17850. then 3 hours go by and DOGE was going down and it went below .17850 for like 5 seconds then it went back up .18 and when i checked. I realized that it had sold my holdings. then hours later it reached .19. I was scared to buy again because it was high but then it went to .20 then .21 then .22. Damn I could've profited from it. But i learned my lesson.
Lessons I learned.
â To be safe, Always do your research, Don't buy coins without thorough research.
â Don't be greedy. Because being greedy could cost you a lot.
â Don't let your emotions drive you. It could cost a lot of uncertain decision making.
â Stop loss can sometimes be your enemy. Maybe setting it lower was ideal maybe it was just bad luck.
#Memecoins #PepeCrypto #DogecoinâŹâ©
PS: Sorry for the grammar
First, Yesterday, When i woke up, I saw that $MOB was pumping and as a beginner trader with minimal experience i hopped on it to make quick money. The first 2 trades were good but I got greedy and traded again. then i lost 30% of what i invested. It's a good thing that i sold it at a lost tho because it went down. I should've known better in that scenario.
second, Since my emotion was down and $PEPE at that time reached 0.00000768, I sold my PEPE holding because i thought that it would go down but NO. hours after i sold it it went pass to 0.000008 and at night it went pass 0.0000085. I said to myself, Damn i sold low. I should've just hold on. I let my emotion drive myself.
Third, This didn't happen yesterday but last week. Stop loss can sometimes be your biggest enemy. When $DOGE was still on .184 range. I set my stop loss at .17850. then 3 hours go by and DOGE was going down and it went below .17850 for like 5 seconds then it went back up .18 and when i checked. I realized that it had sold my holdings. then hours later it reached .19. I was scared to buy again because it was high but then it went to .20 then .21 then .22. Damn I could've profited from it. But i learned my lesson.
Lessons I learned.
â To be safe, Always do your research, Don't buy coins without thorough research.
â Don't be greedy. Because being greedy could cost you a lot.
â Don't let your emotions drive you. It could cost a lot of uncertain decision making.
â Stop loss can sometimes be your enemy. Maybe setting it lower was ideal maybe it was just bad luck.
#Memecoins #PepeCrypto #DogecoinâŹâ©