11-22-2021, 12:33 PM
How to lose half of your crypto portfolio in 10 days
<!-- SC_OFF --><div class="md"><p>I was day trading with a small part of my portfolio. It was going well and I was taking it easy.</p> <p>But then that happened:</p> <p>Day 1: Well the market is going down, I'll sell and day trade with all of the money.</p> <p>Day 2: Ok, I'll make up for those loses.</p> <p>Days 3-9: WTF 40% of my portfolio where are you?</p> <p>Day 10: Lost some more in a stupid pump and dump.</p> <p>Basically, the more I lost, the greater the mistakes became.</p> <p><strong>Now for the mistakes:</strong></p> <ol> <li><p>Hurrying too much to make up for loses.</p></li> <li><p>Being too arrogant to set stop limits (I know).</p></li> <li><p>Acting like a gambler and chasing shiny pumps.</p></li> <li><p>Having unreachable goals for a single trade.</p></li> <li><p>Trading while having a tea party with my toddler.</p></li> </ol> <p><strong>And the biggest mistake:</strong></p> <p>Not calling it a day after too many failed trades.</p> <p><sup><sup>Don't</sup></sup> <sup><sup>be</sup></sup> <sup><sup>like</sup></sup> <sup><sup>me.</sup></sup></p> <p><strong>Edit:</strong> Before that I was actually up 25-30% thanks to day trading, so it's not totally impossible.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Qtredit"> /u/Qtredit </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qz5thp/how_to_lose_half_of_your_crypto_portfolio_in_10/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qz5thp/how_to_lose_half_of_your_crypto_portfolio_in_10/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I was day trading with a small part of my portfolio. It was going well and I was taking it easy.</p> <p>But then that happened:</p> <p>Day 1: Well the market is going down, I'll sell and day trade with all of the money.</p> <p>Day 2: Ok, I'll make up for those loses.</p> <p>Days 3-9: WTF 40% of my portfolio where are you?</p> <p>Day 10: Lost some more in a stupid pump and dump.</p> <p>Basically, the more I lost, the greater the mistakes became.</p> <p><strong>Now for the mistakes:</strong></p> <ol> <li><p>Hurrying too much to make up for loses.</p></li> <li><p>Being too arrogant to set stop limits (I know).</p></li> <li><p>Acting like a gambler and chasing shiny pumps.</p></li> <li><p>Having unreachable goals for a single trade.</p></li> <li><p>Trading while having a tea party with my toddler.</p></li> </ol> <p><strong>And the biggest mistake:</strong></p> <p>Not calling it a day after too many failed trades.</p> <p><sup><sup>Don't</sup></sup> <sup><sup>be</sup></sup> <sup><sup>like</sup></sup> <sup><sup>me.</sup></sup></p> <p><strong>Edit:</strong> Before that I was actually up 25-30% thanks to day trading, so it's not totally impossible.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Qtredit"> /u/Qtredit </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qz5thp/how_to_lose_half_of_your_crypto_portfolio_in_10/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qz5thp/how_to_lose_half_of_your_crypto_portfolio_in_10/">[comments]</a></span>Kind Regards R