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From: alena30 (Rep: 0)Date: 2017-10-24 03:02:52
Forum: TheLion.com Central - Thread #673960963Msg #647 - Part 1/2 (Rec: 1)
Trading is all done on the basis of experience the more time you invest the smarter you become, so just wanted to have a place where people who just got into the world of trading can get best of knowledge, people who are experienced can share their good and bad experience on the basis of activities performed by a Noob and can give their judgement as a Pro. For an example I sold my all ethereum coins in 2013 as the bitcoin was about to capture the market and now I'm confused whether I did right or it was the worst decision of my life, if I am right, then glad to hear it but if I am wrong just wanna know what things to consider in this situation.
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From: bluesdood (Rep: 0) reply to alena30Date: 2017-12-18 01:20:59
Forum: TheLion.com Central - Thread #673960963Msg #650 - Part 2/2 (Rec: 0)
What a great perspective! I was a very lucky newbie in having some great mentors, and they are still with me. I guess the best thing I learned is that you can learn from anyone and any situation. Another lesson learned when faced with a situation like yours in looking back and wondering if I did the right thing. The advice I received was to remove all emotion (pride, remorse, anger, etc.) and objectively analyze the decision you made at the time. Why, what was I thinking, what was the economic impact to me, etc. and then MOVE ON. That was the part emphasized, you have to move on; we all make mistakes and will continue to do so, but it really helps to analyze the decision and write all this down, by the way. I always take notes (particularly since I don't trust my memory!!). Then if you start to see a pattern over time of what conditions existed at the time of the bad or questionable decision, it will help to avoid that trap, so to speak in future decisions. Hope this makes sense and helps.

Reply to alena30 - Msg #647 - 10/24/2017 03:02
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