Well I have been away for a while. I found a couple other projects that have been taking up a lot of my time. One of which is my dive into trading cryptocurrency.
(photo credit: Bitcoin.com)
Today I am sharing about my first big "WIN" in the market, which also turned out to be my first big "MISCALCUATION".
And it came from my ARK coin holdings.
On Monday ARK coin was steadily moving up. It was going so high that I was showing a $200 profit if I sold. To this point I have not sold any of my coins. My goal is buying and holding long term. But I saw this big bump and I was worried it would go back down and I would miss my chance. Of course while I was contemplating selling, the coin did in fact take a downward dip. So I didn't sell but kept thinking how I missed a great opportunity.
Well when I go to look a couple hours later i see that they are back up almost to were I wanted to sell them at before. They had reached 1.75 and now they were at 1.60 and i though this is it, now or never and I sold. I made a nice $200 profit and it was time for a happy dance.
(photo credit: Pinterest)
After spending a few hours patting myself on the back for my genius move, I come back to the computer to see how the coin is doing now....and its past $2.00!!
Before the night is over it hits just under $3.00!! I could have made a $400 profit if I would have waited!
(photo credit: Pinterest)
Then I am upset...I am kicking myself....I am cursing my silly move... I am playing it over and over in my head....I think I am to thin skinned for this game.
Then I had a friend tell me how he has made that mistake BUT with 10K!! He had wise words for me, saying this was not a LOSS it was a missed opportunity , because YES, I did make a profit.
Of course he was right and I decided to just chill out, enjoy my win and try to learn from this experience....
(photo credit: Pinterest)
Hopefully next time I am wiser and more informed when I make my decision....oh and hopefully there IS a next time!
Good luck to the rest of you out there playing tis crazy game, would love to here about your first/worst miscalculation.
xoxox,
Josie