Join 76,114 users and earn money for participation

BitCoin Baby - Day 13 "I made a stupid mistake........"

3 11 exc boost
Avatar for BitcoinBaby
Written by   21
5 months ago
Topics: Ada, Cardano, Coinbase, Mistake, Portfolio, ...

It was bound to happen sooner or later, but of course I should have known......... that it would happen sooner.

And it can happen to anyone of us
Say you will forgive me
Anyone can fail
Say you still believe me
I can't take, my funds did break
'Cause I made a stupid mistake
A stupid mistake.

So what happened

Well, let me start with the positive part.
You probably know the saying anticipation is half the fun.
Well that has proven to be so true and in this case it was double the fun.
Because once it was time..... once it was to happen...... I felt like such a trading beginner...... a true baby.

So it was to happen on the 18th of March at 09:00 AM PT and I was looking forward to it for day´s.


It was supposed to be my biggest trade so far. I have been buying Cardano (ADA) little by little since February for an average price of 0.97 due it being a solid project with a strong road-map and many exciting things to come.

And I kept adding on some more, paying up to $1.20 when I read ADA would be listed on Coinbase Pro.

And ADA kept climbing.... $1.30....$1.40 till about $1,45 at 09:00 AM PT.....
Along the climb I thought of selling, but why would I Coinbase seemed like a sure thing for adding a couple of cents on to each coin I owned.

At 09:00 AM PT I was watching the 1 minute trading trend and it exploded....💥💥

Well ehhh, correction it imploded as longs were liquidated on ADA futures...

And instead of my childish expectation to see ADA shoot up to $1.75 or even beyond. It dropped like a brick and it hurt like catching that brick with your teeth.

Yes, I know that ADA at $1.45 might be a little overpriced...but it would not be the 1st time that that didn´t matter.

So ADA went down and down fast( 16:00 being = to 09:00 AM Pacific Time).

And it kept going down till around $1.24.

What Happened Next

So guess you wonder what this baby did when it´s expectations were slammed pieces´s by people that play the game just a tiny a bit better.

I sold half of my 230 ADA´s at $1.32. As I already had a selling target planned at $1.30 after ADA reached an ATH at $1.50 and then dropped back between $1,00 and $1,10.

This sell is intended to have more funds to buy the next ADA dip, as I truly think the project has potential and a bright future ahead.

So in the end I walked away with profit and a bruised ego.

Of course I foresaw this as a possible scenario....but not as most likely one. But in all fairness, it was only Coinbase PRO so with a bit of hindsight I might have overestimated the impact (and many others with me).

Greedy Little Me

Guess I just turned greedy, which is not my style as I tend to trade carefully and take little bits of profit along the way to the top. This time I betted on an other approach and lost.

Well lost is a big word, I did not win as much as I hoped.
But I´ve learned another valuable lesson, the expensive hard-way again

But hey, this baby is only human and mistakes are bound to be made.....right?

And I did have 2 very exciting days getting ready for this Big Disappointment. The only way to survive trading game is to keep smiling.
As another saying goes: “Man makes plans but God laughs.” Well, in that case I might as well be on the same side as God.

More Bitcoin Baby

Below the link to my previous blog

BitCoin Baby - Day 12 "I´m A Loser Baby, so why don´t you Sell me"

Or start reading about my crypto experience from day one.

BitCoin Baby - Day 1 "Welcome to Crypto"

Thanks for the read...and have a lovely day!

Disclaimer

I do not have any connection with any company I am writing about. I am not being paid to write this article.

If you like my content, please hit like and subscribe. Because more Bitcoin baby Mistakes are coming......

Feel free to provide tips, comments, feedback, anything.....?
Remember that sharing will improve life in general!

Direct Donations are always welcome to keep me going:

BTC: bc1qdsrg7qaefxvel6hn6mjemjd4c8jjs40sasyvkp

ETH: 0x4216fEC23Ae7A7d9c46143Ce56C3e8f301F9868c

Bitcoincash:qqesav8kuwcrhl4y8qs9zfjg90cf8dnlkyz43u9w6u

3
$ 2.85
$ 2.75 from @TheRandomRewarder
$ 0.10 from @Pantera
Avatar for BitcoinBaby
Written by   21
5 months ago
Topics: Ada, Cardano, Coinbase, Mistake, Portfolio, ...
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

I'm wishing your trade brings you profit. I don't know a lot about Cardano though. It seems that Vitalik has caused concerns in the market today, after dumping lots of altcoins and probably some bots picked that signaled and sold. Not a real reason to panic though. https://twitter.com/lawmaster/status/1392533724814876680

$ 0.00
5 months ago

No worries it was mainly SHIB taking the dip....this article happened some time ago but still it was a nice story top post...I think Vitaliks dump is not to bad....it will be back up by Friday

$ 0.00
5 months ago

Had to delete previous comment as I read the post again. I though you had a trade open.

$ 0.00
5 months ago