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RE: Why 95% of amateur traders fail? ..

in #bitcoin7 years ago

This is exactly the mistake I have made over and over and over again. I have owned shares of AMZN, AAPL, GOOG, NFLX, and lost thousands on all of them as they were going up 1000 % .... I did the same again with Gold Mining ETFs and even the Super Hot Cannabis stocks in Canada getting in at $1 watching them go all the way up to $45 but still some how losing money on all of them.... I do this by buying increasing amounts as it goes up and then panicking when it drops and selling every time at a loss. Luckily with Steem so far I have made the right decision to hODL.

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I did same mistake 3 years ago with AMZN, AAPL on NASDAQ and 3.5 years ago with BTC (sold 80 btc )

Ouch we have all made these mistakes.

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Yeah none of my mistakes have been that big

I once had thousands of shares of Amazon before several splits .... now I have 1 share left. I could have been a Billionaire by now