your worst mistake

[Akhaldanos]

I risked money I couldn't afford to lose.

 

[CALLumbus]

that bulgarian prostitute

 

[ET180]

I am a newbie on this forum. My main focus is trading ( crypto) I have been trading for a couple years. Just curious to ask a question : what was your worst mistake ( in the very beginning, 1st year).
Would be happy to read about your experience !

Thinking that oil could never go down -- buying into peak oil theory.

 

[lightninboy]

The biggest mistake is not being in touch with reality. Trading successfully takes the equivalent of a college education to learn and then it's still tough to make it.

 

[TimtheEnchanter]

trading 20-30 TSLA options...and TSLA going the wrong way...

 

[zdreg]

trading 20-30 TSLA options...and TSLA going the wrong way...

reality check: you went the wrong way.

 

[MrMuppet]

always traded too small until I met a guy who said:

"always carry so much size that even thinking about it makes you puke over your shoes"

Today I still carry that much except that I liquidate one contract to keep my shoes clean

 

[ET180]

always traded too small until I met a guy who said:

"always carry so much size that even thinking about it makes you puke over your shoes"

Today I still carry that much except that I liquidate one contract to keep my shoes clean

That sounds like horrible advice. It's basically gambling as the likelihood of losing everything is relatively high with that strategy.

 

[zdreg]

always traded too small until I met a guy who said:

"always carry so much size that even thinking about it makes you puke over your shoes"

Today I still carry that much except that I liquidate one contract to keep my shoes clean

How does that advice motivate you to trade successfully?

 

[lightninboy]

Since you're bound to lose money at first sooner or later, the smaller the better.