How I Lost $150,000 in Stocks But Made It All Back in Crypto
8 years ago in #cryptocurrency by cryptoadvocator (47)
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You are a lucky man to be honest.
Great video.
Well done that's a lot of money you're playing with bigger balls than me mate
wow this is amazing story - I will follow you ;)
EXCELLENT vid, EXCELLENT info !
For noobs I would recommend 2%, 5% max of account value or total equity per trade ! Until you learn more about trading. The secret to trading ! It's not how much you GAIN, but how much you LOSE !
Just sayin.
Interesting I will subscribe to this Youtube channel. I also avoid margin trading - don't want that kind of stress.
Those are the kinds of inspiring stories that I love to hear about! :)@cryptoadvocator
have a similar situation but with crypto, now I am back and inform others how to do it ;) check also my blog for lifechanging infos.
have followed you too
Interesting lesson. Enjoyed the vid, man.
Cryptos are starting to interest me. I am looking forward to watching your video.
This I think fits into your discussion on the crypto markets and investing.
I have been sharing this info on something not widely known/talked about, crytpo related stocks. For me , just another opportunity to capitalize on this new and exciting paradigm. They are currently trading for pennies.
The stocks I think, give that still large segment of people who are not ready to learn about crytpos and exchanges, but have been on the sidelines hearing about all the excitement and gains, the opportunity to get on board this earth shaking crypto move, but within their own comfort zone by simply buying a stock that is related to bitcoin.
Most of these people already have a stock account they know how to use and in this way can participate easily. There are very few crypto stocks so these are already starting to skyrocket just in the last couple of days but may present an very unique opportunity. As a warning, there is not really a ton of info about them so use risk capital only!
I have put some money into them in just the last 1-2 days, already up significantly which means they may skyrocket further, or pull back hard, I do not think anybody can predict. Dollar cost averaging is probably the best way to enter at this point as they are just moving so fast now and price points could be anywhere next week. Anyways, I thought I would share, fwiw.
Here is a link with some of the info on 2 of the stocks crypto stocks that I just put together for myself and others as a starting point for due diligence.
https://steemit.com/bitcoin/@motowngold/global-arena-holding-inc-gahc-another-rare-bitcoin-and-blockchain-stock
goodlluck friend, happy for you
I like your analysis and your honesty about the way you evaluate the coins. Will subscribe to your youtube channel. This makes the stock market look boring. I've been guilty of the "I just want to get in syndrome".......
I will show this to my brother who is investing in stockmadket.
@cryptoadvocator thanks man, for sharing info like this. Super informative and useful. Followed and Upvoted.
150k is quite the loss. You gain money, you lose money... you gain it back again
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Excellent advice, especially for newcomers to investing. I worry about people who drop a significant portion of their income in cryptos, thinking they will only see gains and never catastrophic losses.
The stock market has tanked several times since 1900. Crypto markets are even more volatile. Everyone needs to be careful.
I say this, realizing that my own exposure is probably too high to be safe.
my experiences are similar, only with Forex instead of stocks and with a lower sum - but cryptocoins brought my money back. :)
I don't think he's "trying to be" (which is just fine), but he's pretty funny somehow, with some good trading/investing "wisdom" to boot. lol
I don't mean the loss was funny, that totally sucks. But it's good that he's sharing some of those lessons for others to learn from.