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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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5713071 No.5713071 [Reply] [Original]

Well /biz/ I fucked up. Friday the 19th was great. I made it to $3,900 the weekend before Christmas with XVG. Then I went into TRX and KMD and got slaughtered. I'm worth $35 now.

Christmas was ruined. All I had was $140 in the bank account and gave my family $40 each.

I'm sitting here on new years dead in the water.

How do I start over? How can I make it in 2018?

>> No.5713213
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5713213

>>5713071
How the fuck did you manage to lose $3900 by going from XVG to TRX to KMD were you selling on all of the dips? All those coins are decent coins.

>> No.5713233

>>5713071
TRON moved up are you stupid?

>> No.5713243

I’m a noob at this but how the fuck did you lose money with tron?

>> No.5713271

Probably Margin. In that case you deserved the lesson. Be glad it was with 3900 and not with 39k some time later.

>> No.5713360

How do you fuck up this bad? I thought I was retarded for losing 20% over night

>> No.5713498

>>5713071
neither of the coins you mention has dropped more than 33% if you bought at ATH december. good job losing 97% of your money somehow

>> No.5713501

>>5713360
20% swings aren't bad. 30% dips are *okay*.

Losing 95% of your stack to anything less than a total financial collapse is wtf.

>> No.5714511

>>5713213
Yeah I know, but it was pumping the weekend before Christmas. I got caught in the dump and didn't want to sell at a loss because Christmas was coming. Ended up selling at a 50% loss on TRON. Then I moved into KMD the next day trying to make my losses back. Same shit happens. Caught in the dump for another 40% loss. Ended up selling at rock bottom trying to salvage whatever was left ($1,000) for Christmas. Then I bought some other shitcoin trying to make at least $400 before Christmas... wake up in the morning at $500. Sell that 2 days after it dump.

Christmas is what messed me up. By trying to make as much as I could to have a nice Christmas. Selling at huge loses so I could try to ride another daily pump and get it back in time before Christmas. But no.... didn't work.

Now I have a few hundred dollars sitting in XP over at TradeSatoshi. This is what rock bottom feels like.

>> No.5714546

>>5714511
go be a normie, this is not for you

>> No.5714588

>>5714511
You've brought great shame to your family. In your position, I would commit sudoku.

>> No.5714658

>>5714511
I know the feels anon. Buy something worthless and HODL. hope that things turn around in the long run. Classic economics. That's what saved me.

last ditch effort to save $2k initial investment was to buy 20k XVG when it was worthless. Saved my ass today when i cash out with 5k. lesson is dont day trade dickhead.

>> No.5714663

>>5714511
>didn't want to sell at a loss
>sell at loss anyway
What the fuck is wrong with you?

That said, it's only fucking $4k. Don't even bother crying over it.

>> No.5714677

>>5713071
Rule #1:

Never invest what you can't afford to lose.

>> No.5714705

>>5714658
I have $500 coming on the 4th. Going to sell an old '95 honda for $1,400 and hopefully pick up some web development work. This will get me over $2,000 to get back in the game again.

>> No.5714726

>>5714663
>sell at loss anyway
Chasing the KMD pump the next day to get it back. Read the next sentence.