Join 60,440 users and earn money for participation
read.cash is a platform where you could earn money (total earned by users so far: $ 291,225.09).
You could get tips for writing articles and comments, which are paid in Bitcoin Cash (BCH) cryptocurrency,
which can be spent on the Internet or converted to your local money.
Honestly, I don't know how to say this, or should I even have to share this with you all. But for some reason, I feel like this could be a great lesson to share, especially to those who are about to follow in my footsteps. Honestly, it's quite an embarrassing moment for me, but I guess, people make mistakes no matter how much you tried to avoid it. This is the reality of life. We make decisions. We failed. But we stand up again with the valuable lessons we've learned from our past.
And though this may sound so embarrassing and upsetting, what's done is done, and the only thing I can do now is to move forward and take all the additional lessons with me from the previous mistake I made.
So, anyway, it's about trading. Unfortunately, I made the stupidest decision ever. I took the risk. I know it was something too risky, but I still did it. I know the rules, but (unfortunately) I failed to follow it. All because of assumptions. Wrong calculations. Now, I am back to zero. Well, not zero as I deposited $10 again after that incident.
Here's the thing. This morning, (I meant yesterday morning coz it's past midnight now) I woke up quite early and so, I decided to check my phone. The other day, I was too reluctant to trade because the price was too high. Remember the rule? Buy Low, Sell High. So, I didn't do anything after my last successful trade, in which I gained $8.80 because I was too worried that I won't make it.
But, somehow, my instinct told me to trade since BTC was quite stable. Meaning, even if I break the rules, I could still earn, and that's what I did. So, yeah, I did have two successful trades as well till I made the worst move. I saw that the price was still high, and I thought I could still make it. However, it started to fall slowly. It was breathtaking then it hit real low, from -0.10% to -50% to -100%.
I was ready to save it. That's why I asked for your help this morning. I needed to deposit to survive. But when I saw that it started to recover after hours and hours of waiting, I felt relieved. I thought it would be okay. I even reached -0.01%, which means I would still lose a bit like $10 I think, or a little lesser. But my too ambitious or overconfident self thought to keep going instead of just closing the trade. At the back of my head, I was like, I'd rather lose $10 than lose it all. But I chose the other one instead that resulted in a sudden downfall.
I know, I know.. I shouldn't have done that. I should have done the latter but it's all over now. I loss $49.22. Though I only invested $10 for that plus almost $4+ of charge, I'm still feeling devastated because of what happened. I was so close to $50 but with just one click away, I lost everything. I am sad, but I have to move on.
Life must go on. This recent incident is not the end, and I will still keep trading. I lost $49.22, but I will lose everything permanently if I won't keep trying again and again. This incident was just a part of the whole journey. And I also believe that the more you fail, the more you become wiser. Though nobody wants to fail a lot. LOL.
So to those who want to try this trading thingy, be sure that you are ready to win or lose. In life, just because you worked hard for it, doesn't mean you won't experience failure. Remember, failure is part of success. So if you are planning to do your first trade ever, be sure that:
You are ready both emotionally and financially
You won't cry like a baby if you lose after your first try
So, yeah, that's what really happened. I lost every penny from the $10 I invested to $10.12 from mining to $29+ profit, but if there's one thing I've learned from this failure, that is to keep moving forward. Past is past, and if I keep blaming myself for this mistake, then I won't be able to get the courage to trade again. Chasing the past won't change anything.
Before I end this article, I'd like to thank everyone who appreciated my last two articles and find them very useful and informative. Thank you. And, of course, to a few people who replied to my short post this morning and offered to help but couldn't: @damelindz and @Eirolfeam2 and to @Telesfor as well. He really offered to lend me some in BCH. Thank you, guys, for that. The fact that I'm a total stranger, but you were eager to help means a lot to me. Salamat.