Made $16,000 in Crypto-Currencies....then lost it all. What I have learned from it?

I wanted to share this with others who may have lost and known failure all to often. Or for those who have not known lost yet, so they can learn from my mistakes in trading. These lessons are really fitting for anything in life. Trading is just one aspect.

I started investing around March of this year when the total market cap of crypto's was 20 billon, now it's half a trillion. I invested around $350 and turned that in $16,000. Then lost it all. Well at least 91% of it. The other 9% went to bills. I made the mistake of pulling out of a coin and not being patient. Further more I have another steem account that has 354 steem I have no access to due to losing the password on my computer (not saved on chromes passwords). Another mistake I paid for. I'm not here to complain but only to share so that others can learn from my mistakes so they don't have to make the same one's.

What have I learned from this lost? First lesson, get back up and try again. First you can go vent. Scream in your pillow, punch a punching bag then go some place quiet and mediate on why your upset to begin with and why you lost. Empty your mind and just observe yourself, learn why you react the way you do. Then get back up and try again. Start investing what you can afford to lose. I highly recommend you do not invest what you don't have. There is high reward, but also high risk. Especially if you have a family that would suffer from your mistakes. I started with around $300 again and made my way back up to $1200. I then lost again due to poor swing trading. If you don't know how to swing trade your just gambling not investing.

I have come to realize that even though I may have lost all of my investment, I gained a lot of knowledge on how to trade, knowledge I might never have learned unless I first failed. Failure often times is the best way to grow. We all hate to fail, but it's when we fail, the greatest opportunity arises, to get back up and try again with the knowledge you just learned from failing.

The six greatest attributes to have when investing.

#1 Patience.
#2 Not being Greedy.
#3 Patience.
#4 Not being Greedy
#5 Patience.
#6 And some more Patience.

Opportunities always prevent themselves. I can't tell you how much money I would have gained had I held my position and been patience, or had I NOT been greedy. I would have been at $40,000+. Why did I lose? I wasn't patient, or I was greedy. Or I wasn't trading smart.

Every attempt so far to make money has failed again & again. I looked back and considered how I made $16,000 to begin with, and also how I lost it. I realized my initial strategy was that I kept all my coins in wallets and was somewhat forced to hold. Then when I made profit on one coin, I switched coins and made more profit. Soon I was at $16,000. All because I was patience and not greedy, and made smart trades ignorantly. Once I started using exchanges to swing trade this is where I realized I had much to learn, and it's where I lost the most. Another mistake was to try and recover what I lost which most of the time resulted in more loss. Trying to quickly recover losses or make a quick buck often results in becoming more impatient. An excellent way to see just how patience you really are.

Critical Tip: Always buy on lows or healthy retracements/dips. Never on highs. Research the coin, see what your investing in. Ignore the hate comments, just consider the facts using logic, and the potential of a coin using your imagination. Look at news. Check volume when swing trading. Study the chart, learn how charts works, learn to look for patterns and utilize tools such as Fibonacci, pitch forks etc.

Proven Strategies with high success rate:
#1 Hold. Pull out profits. Buy back on dips.
#2 Hold. Pull out profits. Switch to another coin. Repeat process.
#3 Hold. Hold. Hold. Pull out with massive gains (noting to yourself that you have avoided the physiological stress of day trading.)

One last thing. Being Patience. Don't be greedy. I hope the best for you and Don't---Give---Up.