Hello everyone, you are all welcome to my post. In the post, I will be participating in the engagement challenge titled “Relive Your Top Moments of the Year 2022 (about your crypto trading experience)”. Thanks, the team of this great community for bringing up this very interesting topic. I’m very happy to share my crypto trading experience with you all.
What were your best moments in crypto trading in 2022? We want to know about your experience.
We all know the year 2022 was more of a bearish season than a bullish one. At some point, coins kept going down and down. Some people even started panicking because they were scared. Some people even withdrew all the money they have in crypto because of fear of making more losses. Most of my friends were even telling me to quit trading for now because the market looks unpredictable but I refused and told them in trading, profits can be made both in bullish and bearish seasons.
In 2022, my experience in crypto trading wasn’t too good. I made a few losses in some trades but I also made profits in some too. At the beginning of the year 2022, I budgeted some money to use for trading. I made some research to know the coins I will invest in, after my research, I decided to invest in TRX/USD first which I made some profits before the bear market. Initially, I was scared of the trade but after my analysis, I became very confident.
I made some research on the next trade I would go into, so after the research, I decided to go short on SOL/USDT which made huge profits🙂. It was the highest profits I made in 2022. I was so happy about that. If I hadn’t analysed the market well, I wouldn’t have made such profits.
What were your worst moments in crypto trading in 2022? Tell us about your experiences.
My worst moment in crypto trading in 2022 is when I entered a buy on bnb/usdt but it went bearish. I made a very big mistake in doing that because I just went into the trade without doing a proper analysis of it. I made a huge loss because I used a big lot size. If I had calmed down and analyzed the market well, I wouldn’t have made such a mistake.
Another worst experience I experienced in crypto trading in 2022 was when I opened a trade without checking my battery and I didn’t set a stop loss, that was a very careless act. I didn’t know my battery was low, some minutes after I opened the trade, my battery just went off and I wasn’t with my charger to charge my phone because I wasn’t at home.
Before I could reach home to charge my phone, I had already made a huge loss because there wasn’t any stop loss. I regretted that so much and learned my lesson. Since that day, before I open any trade, I always make sure my battery is charged.
What did you learn from these experiences of 2022?
These experiences taught me how to care, it increased my knowledge of how to read and analyze the market well. It also taught me not to listen to people because of fear, always do my analysis by myself before going to a conclusion.
It also taught me how to be patient no matter what happens.
Tell us about your future in crypto trading for this year in 2023.
The year is still beginning and I believe the market will be better than last year. There was a little bullish trend in crypto some days ago, I believe that’s a good thing.
These years, I plan on investing some money in crypto. For now, I’m not sure of the particular coins to trade on now, I’m still taking me to study the market to see which coins to trade on, instead of just going into it carelessly or because of hype.
Conclusion
Since I started trading, I kept getting better each year. When I started trading new, I wasn’t good with it. After all, I was having issues analyzing the market well because I last the knowledge. But as time goes on, I began learning how to read and analyze the market well so I started getting better in my trades. Thanks to the crypto academy community also because the trading homework they organize also contributed to my knowledge of trading.
I will like to invite @josepha, @fjjrg, @ngoeny, @malikusman1, and @preye2 to also join the contest today.
Thanks for reading
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Entering the market without proper market analysis is indeed a very big risk. It is always recommended to perform your research and analysis properly before entering the market to avoid much loses. As we know, crypto trading is very un steady but with good market analysis one can control the rate of loss or gain. Morealso, ensure always that proper risk management is taking into consideration in every of your trade to avoid liqudation. I wish you success in the contest my friend.
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Thanks bro
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Hello mate,
You have made a very bad mistake while entering the market without proper research work and analysis of the market. And in last, you have to face a huge loss due to the opposite movement of the market.
Always keep in mind that the market of the cryptocurrencies is very much volatile and it is always advisable to make your own research and do your own analysis before entering the market.
Anyways, Good luck for the contest.
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Thanks bro
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Hi @sir-charles-jude,
You made good profit from TRX token which is one of my favorite token, on the other hand SOL coin which is another good coin also made you profit. It's a bad news that when you invested in BNB you faced loss, it was all due to lack of analysis.
I think if you do your analysis, you will not have to face loss, but don't worry, I hope you can fix all your losses in 2023 year. Because it looks good for crypto. But this is not an advice, you can do your research while investing.
Your worst trading experience taught you a great lesson that before investing, you need to analyze this crypto. Thank you for sharing your crypto stories of 2022 with us. I wish you success for the competition.
Regards,
@malikusman1
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I appreciate your beautiful comment
Thanks so much.
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I said before that there is good in bad and bad in good as well. Even in a market when everyone was losing their money, some can still make profits from it by the placing short trades when the market was falling and this helped you to make profits in SOL.
TRX was also one of the cryptos I used to make some money to futures trading last year. One thing that cost most of us is not setting stop loss for our trades but we learn our lessons from such cases.
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