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Here's a shiny story from Gen IV, before I really knew how rare shinies were.
>Walking around in Diamond
>Suddenly, a shiny Floatzel appears
>HOLY MOLY
>Catch it
>Feel the need to try and trade it online.
>Go to a Myspace group designed specifically for trading
>Guy offers a Mespirit
>I know Mespirit is roaming, and I've always hated roamers since Gen II
>Trade the shiny Floatzel like an idiot
>Later, catch the Mespirit in my game with little to no effort
>Friend informs me about how rare shinies are.
>Realize I had been duped
>Put the guy's Mespirit in the GTS and ask for a Palkia, since I'm playing Diamond
>When I check back, I see I got a Japanese shiny Palkia
>wat
So I guess it wasn't a complete loss.
Later, when I replayed Leaf Green version, I found a shiny Voltorb and Golbat which I now have on my Black version.
So it wasn't a complete loss, we all have to make mistakes I guess.