Topic: After a Bad Sell - page 15. (Read 3827 times)
Trading on every market means not only profits, but losses also. You will have bad sells in the future. Personally I sell only if i need some emergency in money or I know how can I overtake the loss by investing in something else.
So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.
What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
These are standard situations for the cryptocurrency market and there is nothing surprising in them. Therefore, many people advise long-term holding, because over time the price of bitcoin and most altcoins will necessarily grow and this growth will be multiple. No need to rush to sell the coin and better to hold as long as possible.What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
There is no plausible reason to claim or think that even the best coins will necessarily grow, let alone this growth being "multiple". To make things clear, I refer to long-established cryptocurrencies here like bitcoin or ethereum. The current prices may have come to stay for years, and it is not guaranteed either that they won't go lower further. Wild speculation was behind the growth we had witnessed in the second half of 2017 but it couldn't last forever, and this is the only thing which should be taken for granted. Speculation is set to subside eventually, and sooner or later prices will start to reflect real use value of a coin and its real-life utility provided there is one in the first place, be it bitcoin or any other cryptocurrency.
So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.
What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
The only good thing is not to make another deal, because making a decision when psychology is hurt will be very risky. Indeed we all feel the sensation, when what we wait finally arrived. But believe me you will forget it, because we will all do it, even the legends. What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
The first and rule is not to rush and look to the market. It is often possible to predict changes in the coin's exchange rate due to the analysis of the exchange rate of coins, you can learned it..
Everyone makes these mistakes and there's nothing you can do about it . It is impossible to predict when there will be growth or fall.
same with me, if i sell any altcoin today, tomorrow the price will up, everytime i wanna sell some altcoin, the rate always down, and it happen many time, so sad.
So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.
What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
These are standard situations for the cryptocurrency market and there is nothing surprising in them. Therefore, many people advise long-term holding, because over time the price of bitcoin and most altcoins will necessarily grow and this growth will be multiple. No need to rush to sell the coin and better to hold as long as possible.What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
If a person had the gift of foresight, it would be difficult for him to make a mistake. And while it is not there, you need not hesitate to move further along this complex but interesting way of crypto currency to obtaining material satisfaction.
After a bad trade, I take a break in business. Next, I do the work on the errors and find out why this happened. In the end, I'm trying to catch up.
I agree with you and we need to do this because if we continue, our mind cannot think about the analysis of the coin and we can get more losses in trading. sometimes, I did this too but if I think I can continue and the situations in the market are still good, I think it is better to still try to make a good selling so I can make a nice profit or at least, I can recover my losses.
After a bad trade, I take a break in business. Next, I do the work on the errors and find out why this happened. In the end, I'm trying to catch up.
Yes, with all this was the situation, most likely. I will support the majority opinion about selling by parts, but not the whole asset. And do not get hung up on the situation, but draw conclusions.
And I have this happened. I think this situation can be remembered by any trader. The main thing is to get profit and go further, we can not predict price movement
To avoid stupid situations like this one, you shouldn't sell all at once. You always need to hodl something, at least 20% of all amount.
Since we are not magicians to know when prices will increase and go down, this will always happen to us. It is normal in this business, sometimes after a long wait price tends to go up just a few days after selling your tokens. It does happen and its normal, only that sell tokens at prices you are contempt with.
If you have sell when the price has not risen high enough and just to make a small profit, then you can buying it again but look first trend at that time, if the trend will still move up and the market will likely continue to increase then buy is the best. But if you see the trend will fall back, it will be better to wait again.
We should also be careful in your sales zone. Although markets are sometimes overcrowded, you have to learn how to sell orders because if you are busy, do not expect to be rich. You also need a good idea from the community to talk about bad things being sold. So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.
What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
the most important thing is not to panic,do not need to go to sell all your coins, because you will lose so much money, just need to wait for the next growth to recapture your money What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?
If you have sell when the price has not risen high enough and just to make a small profit, then you can buying it again but look first trend at that time, if the trend will still move up and the market will likely continue to increase then buy is the best. But if you see the trend will fall back, it will be better to wait again.
Well if you sell them all and the price goes down maybe it was bad decision that you make, But must better sell a small amount first if the price in a low value. But it was a experience for you also to doing that but next time need some careful doing that.
Its a common things that could happen to every one, you need to experience that one so you could learn from it. Crypto industries is all about holding for a long term.
wait for the price is low again and then buy back in and wait for the next rise. But if you've got at least a good thing then enjoy the results. I also like that, but that's not too greedy precisely the things that are good for crypto. want big results certainly is natural but also necessary vigilance and grateful for the results.
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