After a Bad Sell - page 23. | Bitcointalksearch.org

orangy

newbie

Activity: 85

Merit: 0

Quote from: shamzblueworld on April 22, 2018, 10:26:53 PM

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?

Profit is good.

efodix

full member

Activity: 532

Merit: 100

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.

setancredit3

jr. member

Activity: 238

Merit: 1

I also often do what ever I do, but I only sell Bitcoin sya at a low price but after the price goes up high, and I feel sorry because I have been selling at a cheap price. this may be a very valuable lesson for me, because I have to be patient again in Crypto's world of how to trade in the face of a very difficult situation like the past months, therefore it may be the reason why most of our investments can be lost because we are only get FOMO from time to time, we do not need to panic at all about it.

fulmetal08larz

full member

Activity: 476

Merit: 124

Do not sell if you don't need it yet for daily living expenses or emergency situations. Have patience and never follow the masses, but instead, do the opposite. Re-evaluate your strategy and check the announcements, indicators, news why it pumped upon selling your position. Be greedy when others are fearful, and be fearful when others are greedy.

panovnu

newbie

Activity: 29

Merit: 0

Why are you showing so much impatience. Hold them for years to get decent returns, invest only in top 10 coins.

bamita127

newbie

Activity: 26

Merit: 0

Never happened to me personally, except maybe in the very early days back in 2013. I've just learned to hold, plus I always buy right after crashes.

chrismartin

member

Activity: 340

Merit: 13

You made up a wrong decision mate, thats why you did a panic selling. Just take that as an experience mate. You now know what to do next on the coin you are holding right now. For holders, there are so many waiting rewards mate, thats the reason. If you dont need moneey that much, just dont sell mate.

[ProTrader]

sr. member

Activity: 644

Merit: 250

Quote from: shamzblueworld on April 22, 2018, 10:26:53 PM

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 thing you can do is to move on and look for other altcoin that is not yet pumping. If you will focus on those coin that is already pumped up, you will lose the opportunity to get profit on other altcoins.

Mercedes1107

newbie

Activity: 133

Merit: 0

In my opinion, you are selling those coins at a wrong price and you just need to have strategy for buying and selling. Many people that sold their coins out of panic did not have an investment strategy and one needs to look at chart to know if the an asset want to revise before selling.

Tengcreneng

newbie

Activity: 144

Merit: 0

Do not rush to make a sale, first understand the coin cycle you have. If possible there is potential to increase again the price, then wait until the price increases. Then you can sell it. If you do not try to study and conduct an investigation, you will repeatedly make the same mistakes. Your sales will always not be on time.

lousie9

sr. member

Activity: 1680

Merit: 263

Back again to the psychological that is in each of us, at first I started trading also do the same always experience Cutloss because of panic and instant price jumped and then I bought back but the price will come back down again, well then I siasati by buying coins then leave it within a few days and make a price alarm according to what we want so now all my trading activities are doing for the long term.

Probinus

jr. member

Activity: 84

Merit: 5

Quote from: chris200x9 on April 22, 2018, 10:47:01 PM

What I can suggest you avoid this situation is to sell partial quantity and keep some then you can get a chance to sell at higher if prices go again high.

Also, if you have made already enough profit from your investment then we shouldn't worry about these things because we can't always time the market. Now you need to find other good coins to invest and make more profit.

This is a pretty simple solution! why did I never think of this?! I would definitely try this!

To answer your question, I think if you already sold your coin, don't check the price again -- ever. This'll only make you regret things you've done. Just like what we do with love, do you really look back at the person you actually break up with? The answer is no right? just let them be, same with your coins, just let them be after you've sold it.

Tiigon

member

Activity: 280

Merit: 10

Yes it always happens to a trader because most traders that if already profit at least must direct sell, if you want to minimize any tips that try to sell its not 100% of the coin assets, try to sell it 50% of coin assets or 20% so if the coin goes up again you can still get the benefits

Thanks

blood.maple.0401

jr. member

Activity: 35

Merit: 3

One main rule if you loss a lot or earn a lot do not need to open new position right now to get more profit because you will need a time to decide how to acting better or you will loss profit. Grin

mautenisis

member

Activity: 274

Merit: 10

Quote from: shamzblueworld on April 22, 2018, 10:26:53 PM

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?

Cant do anything about it,because you have lost your opportunity you should move one because theres nothing you can do about it,moving on so that you wont lose your guts to trade or to invest to these altcoins,that is completely normal IMO because thats how complicated trading is and you wont know what will happen.

phas129nnn

newbie

Activity: 98

Merit: 0

In trading must have a patient soul and do not panic quickly. When buying or selling token / coin, it is best to do partially, this may reduce disappointment.

wong tsu gieh

newbie

Activity: 210

Merit: 0

maybe a lot of people who experience it because the market and prices Altcoin often rise then than that if you want to sell altcoin better you sell altcoin that has a high value and you can sell another altcoin better wait for altcoin stable prices and can benefit

mangkanor

member

Activity: 210

Merit: 10

No one can predict the future which is why it is normal to have this kind of situation as a trader you wont know what will happen not unless you are an insider,or a fortume teller or you came back from the future which is impossible.Do not beat up yourself,move on to another investment and enjoy the market's opportunity,never look back once again.

icemanparachuter

newbie

Activity: 18

Merit: 0

You should really just have it in your decision making about when you buy where you are willing to sell, and how much you are willing to lose before selling. so if I buy $1k of ETH, i should know if I'm just day trading that if it hits $1200 i'm selling out, and waiting for it to dip back down, and if it goes below $800, then Im also limiting my losses. Then you just keep same strategy for each buy & sell you do, and if you just sold at $1200, don't buy back in when it goes to $1300, it'll dip back down to like that original $1k level. It's all cyclical, can't get caught up in the fomo but instead play the cycle game.

pedropendukot

member

Activity: 196

Merit: 12

Streamity Decentralized cryptocurrency exchange

Quote from: shamzblueworld on April 22, 2018, 10:26:53 PM

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?

Move on so that you can still focus on other coins,that is the life of a trader,because you wont expect what will happen few days or hour after you should these coins,the market is too volatile that is why we shouldnt be beating up ourselves with these events,because that is part of being a trader,getting FOMO or selling at panic.

Topic: After a Bad Sell - page 23. (Read 3827 times)