After a Bad Sell - page 27. | Bitcointalksearch.org

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: no0dlepunk on April 23, 2018, 12:19:07 AM

Just a piece of advice my friend - take out FOMOs from your system ha ha! I mean if you had missed out an opportunity for a bigger profit then you just have to deal with it. The important thing is you didn't sell losses... Keep in mind - profit is profit, no matter how small that is.

The best advise is the first reply in the tread. Do not sell all... do it gradually.

Apparently, if he has a strategy of selling or trading the market generally, he should just stick to it.
If he is looking out to take advantage of the huge FOMOs, then he should be considering some long term holding and trading and not the day or short term trading.

No one can know when a market can get pumped, but the best is never to get greedy as long as you have made some good profit, otherwise, unless he wants to start considering new strategies.

ahmad21

sr. member

Activity: 672

Merit: 271

Honestly there is nothing you can do about it. You can expect yourself to sell your coin when its value is at its highest and the next day it should fall or stabilize. That happens with almost all the investors. We cannot know that whether the price will rise tomorrow. I know by nature we are greedy and it really hurts when you see the price rising when you sold your investments. But you should be satisfies if you have earned substantial profits. This is just because of the big FOMO that we get when we see any cryptocurrency going up the chart. So it only gets improved with experience. The more time you spend in market more you will come to know about when to sell.

w5pn73

sr. member

Activity: 635

Merit: 251

There are no successful traders who have never had a bad sell, it's part of the game.
You deal with it and continue business as usual.

Pa1n

member

Activity: 294

Merit: 10

JOIN THE NEXT MEGATREND IN CRYPTO!

In these days , i have a problem with bad sell. I dont know what to do . I just feeling regret, but i have to used to I think. This is the crypto world.

quanahri

newbie

Activity: 252

Merit: 0

me too. I sold bch at $ 1100 and a few days later its price increased to $ 1500. I also sell GTO $ 0.22 and now $ 0.6

8rch7

sr. member

Activity: 1344

Merit: 459

Vave.com - Crypto Casino

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.

Slugmonkey

full member

Activity: 232

Merit: 100

Well, first of all it depends on how much you have invested. Your spending power and your investment should be in proportion. If you are lower than where you started from then take a while, pace yourself and see when you can invest again. If you still are trading on the old profits then I suggest you, look into current currencies which are meant for long term investments and buy while everything is red. Because good alts won't stay that way for long. Don't be demoralized by a bad sell, it's a volatile market; you can be back any moment.

Svelto

sr. member

Activity: 686

Merit: 257

Don’t be too hard on yourself. It is really hard to predict what will be the highest price the coin will go to. If the market is looking good, I will wait for the coin to dip and buy back the coin.

xiaohang07

sr. member

Activity: 392

Merit: 253

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Quote from: shamzblueworld on April 22, 2018, 11:26:53 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?

One way to deal with this is that you just don't sell when the RSI is low. The key is still patience. If you have the patience, you will be able to overlook all those up and downs in crypto space and hold your coins wisely.

tyuner4

full member

Activity: 322

Merit: 179

I believe such situation happened to many of us. But since it has happened, I will suggest you to move on and concentrate to research on other coins.

Zaidaskin

member

Activity: 308

Merit: 10

If you decide to trade should determine how much profit you want to earn. And if it has been achieved then follow your plan. You just have to do it over and over again.

bournekin

sr. member

Activity: 476

Merit: 250

Streamity Decentralized cryptocurrency exchange

Keep move on to the other chance to win more profits then. I also faced that condition and it really regrets. But, in this cryptocurrency world, regret will mean nothing.
I try to survive and plan my new strategy by buying or selling at the right time, in the right amount, not in the whole amount to sell at one time.

rammanbl4

full member

Activity: 252

Merit: 100

whole market is strong increas,it is lucky i hold all my coin and now i only see market grow up,i beleive the mrket will go up hight level,this is reward of brave people who hold and buy coin when the market go down

tamango

full member

Activity: 602

Merit: 100

That's the reason I don't sell coins but just buy and forget/hold .... crypto are too umpredictable and I prefer holding because I'm confident market will grow very much in next years

asus09

sr. member

Activity: 1344

Merit: 270

I think every speculation always has two options, profit or loss. I guess what happens to you is commonplace. almost all of us have experienced similar things. this is why patience and always looking for new information is very important.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: shamzblueworld on April 22, 2018, 11:26:53 PM

What do you do in such situations?

I'm just moving on when I experience this. Because what I tried is when I FOMO'd with these situations the price starts to go down after buying back.

Quote from: shamzblueworld on April 22, 2018, 11:26:53 PM

How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

This is why before selling I'm thinking and deciding if there is really a need to sell it. But if I'm in need of cash I'm selling it without any hesitation and will keep on holding the rest. You can minimize this bad timing if you will just hold.

sateyaam

jr. member

Activity: 280

Merit: 1

You are not alone because I also experience what you experience,
I keep thinking positive about what has happened and the wrong decision I think but we can take a lesson from yesterday,
To get better,
Keep spirit guys,

solovalley

newbie

Activity: 182

Merit: 0

All traders experience it, and will experience it again in the future, my tips is to start getting used to such circumstances.

AlisaWhishie

member

Activity: 322

Merit: 20

Don't chase big profits, they are not your main goal, but constant profits are. It's already great that you haven't lost anything - except of a potential profit.
I've just experienced the opposite - I've bought Bitcoin Cash several days ago when the price was high (I was sure it would get much higher), but on the next day I've seen it crashed significantly (-16%), so that's the problem, and your situation is not.
Well, by the way, I'll just hold BCH at least until its hardfork that will happen in about 3 weeks, I have some strong feeling that it will grow again, so I can advise you to buy BCH back as now the price is really nice.

BennyK

member

Activity: 672

Merit: 14

Quote from: shamzblueworld on April 22, 2018, 11:26:53 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?

Setting a goal for every token you have in possession is very smart and guides you. Every token was attained or purchased at a certain price and wish to be sold at a certain higher price in order to make profit. Once you set a goal which suits your profit interest, you are guided by it and will never have to sell irrespective of the market fluctuations. Once the market price hits your goal price, you sell with much enthusiasm without having to worry about whether the price will go up again or down.

Topic: After a Bad Sell - page 27. (Read 3788 times)