After a Bad Sell - page 32. | Bitcointalksearch.org

Varavu

newbie

Activity: 89

Merit: 0

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?

This is the case of everyone, every human mentality is the same as like as you. We wont be satisfied with the small profits which we earned but we will long for the bigger profit. We will set up a target and once we reach we will sell but in case if ti rises more than that then also we people wont get satisfied. So we should not be too greedy.

demenBTC

sr. member

Activity: 742

Merit: 251

PRIVATE FEDERATED BLOCKCHAIN

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?

with a small profit you can buy back the coins you play, the increase in coin prices may not continue long, there must be a decline though with a short time, that's when you can buy back

vv181

legendary

Activity: 1932

Merit: 1273

Well, profit is a profit, you should stick with your trading plan, set the percentage gain you want to then in case it reaches the target, sell then forget. Look for a better opportunity, cryptocurrencies is a highly volatile assets, you should learn how to maximize the volatility instead of getting wrecked because of it.

Apiapik

newbie

Activity: 210

Merit: 0

I think that time has passed. Let's look ahead to a better again.
Crypto market is now improving and crawling up. The famine is now changing with harvest time.

Crypto_trader87

full member

Activity: 322

Merit: 100

Its just a normal scenario that was happen to me also sometimes but im satisfied alreadg with my profit as long as i can earn and i am not lossing my money i will take it with all my heart. The best you can do is wait for a deep again and buy back and hold again for long term.

Bitcoin_trader2016

member

Activity: 266

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BITCOIN TRADER 2016

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?

That was just a normal and always happen mostly all of us. For me its okey because you already made a profit even small but you earn it so take that and be continted with it. As long as you dont lose and your profit its okey you can still invest in some tokens and hold it again for long term.

omonuyak

sr. member

Activity: 882

Merit: 269

I think you are selling those coins at a wrong price and you just need to have strategy for buying and selling. Many people that sell their coins out of panic did not have investment strategy and one needs to look at chart to know if the an asset want to revise before selling. If look very well you will find out that macd on bitcoin cash has started to increase some days back before this upward movements we are having this days.

ToyotaFortuner

full member

Activity: 574

Merit: 100

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?

actually a lot of players are wrong with their trading mindset, it should be when the price goes down and when the price is cheap it is a very good moment to buy as much bitcoin as you can after earning a profit you can sell it or when the price is back green it is the right time to sell bitcoin.

sheenshane

legendary

Activity: 2366

Merit: 1206

Quote from: elbimbo012 on April 23, 2018, 10:08:05 AM

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?

That is trading cycle we don't know what will happen next in our choosen coins once we sell or bough. its a learning experience to you that the next time you sold your coins be sure not all of it just partial portiom only so thst if it goes up you have still some to earn.

Yeah, that's the decision of the beholder that he might be going to sell or not or be waiting another moment price up.
Timing is needed here when you invested on bitcoin or other cryptocurrencies reading a news ahead will help you from the possible market down and you can seel your profit. For me, if my profit was there I sell it and the hold the remaining balance capital in investing.

Mia_pikachu

member

Activity: 333

Merit: 11

Quote from: Dart18 on April 23, 2018, 09:16:04 AM

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?

I just got the same wrong decision a few days ago. I thought it will be the highest amount I can get, then suddenly it goes up beyond my expectation.
It is patience that kerps me strong, although I see it still in bullish trend I am stopping myself from buying at a larger price than what I have sold it for. You dont want to do that. You will need to wait or move on. Going in while the trend is happening might get you to a wrong deciding moment and will just let you down.

in making a decision of course we should be able to think twice, indeed when we sell we think we've sold it at a high price, but in fact sometimes that we think already at high prices, but in the end prices are still rising above the price when we sell it, but we should not regret it all, we can buy again when the price goes back down, but yes all not necessarily happen will be able to go down again, even it can rise even higher.

acheampong64

full member

Activity: 588

Merit: 100

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?

oh sorry! In my opinion I think there are 4 options:
1- Don't sell all (sell partially so you earn on the remaining left)
2- Sell all, delete your portfolio and track of such coin (it hurts to be seeing that everyday after a bad sell, but if you try to forget about it, you'll move on)
3- Accept the fact that this is crypto, and we all cannot determine what will happen to prices, anything can go up 10%, 20%, 59%, 100%, 200%+ and so on. We have to move on, the are still more other coins to trade.
4- Relax for market to stabilize a little so you don't think of overbuying because a dump may follow a sharp rise (a prediction though!)

These are my opinions though

elbimbo012

full member

Activity: 476

Merit: 108

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?

That is trading cycle we don't know what will happen next in our choosen coins once we sell or bough. its a learning experience to you that the next time you sold your coins be sure not all of it just partial portiom only so thst if it goes up you have still some to earn.

Ushono

newbie

Activity: 70

Merit: 0

You can comfort yourself with the thought that the future is unknown and therefore you decided to sell at a price that you are satisfied at the time when you did it.

shamzblueworld

hero member

Activity: 714

Merit: 500

Quote from: xuan87 on April 23, 2018, 12:40:57 AM

Yeah it happened to me so many times, I think it's because I am still lacking of trading skill, I often read the wrong signal and causing me to sell the coin quickly, but because I am still learning, I don't thinking about big profit, a small profit is enough for me, I think with keep on learning we can speculate better

I guess its not the lack of trading skill, going by the comments of everyone, all of us face such situations, its the unpredictability of the market and crypto especially.
Only the group of whales can predict the near future of a coin to some extent, the rest of us just have to go by our gut feelings.

k_kuchkarov

full member

Activity: 238

Merit: 103

You understand it is necessary to decide! Either you trade actively, but you do not get a big profit, or, passively but with a big income!
For the future, there is a forecast that Bitcoin Cash will cost 1.1% to bitcoin

Jorheen

newbie

Activity: 165

Merit: 0

Before selling, try to have a target price, for example, if the price of this coin is 20$ for two consecutive days, you may plan that you will sold it on the third day if its price is equal to 20$ or more.
Charge to experience, let this experience be your guide towards your future selling of coins. Make it a stepping stone to the success of your trading. Remember that after a bad day, a good day will come.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: chris200x9 on April 22, 2018, 11:47:01 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.

Yes Exactly ! This is the best strategy to tackle this situation. I know it must feel horrible to lose such an opportunity to make good money. I have faced it quite a few times too. Most of the traders would have gone through this phase. The best way to tackle this is to sell the coins in a little portion so that we don't miss out the peaks and still have an opportunity to sell more at higher peaks.Even if the price goes down, just hold it for good because it will surely go up again.

Dart18

sr. member

Activity: 1400

Merit: 259

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?

I just got the same wrong decision a few days ago. I thought it will be the highest amount I can get, then suddenly it goes up beyond my expectation.
It is patience that kerps me strong, although I see it still in bullish trend I am stopping myself from buying at a larger price than what I have sold it for. You dont want to do that. You will need to wait or move on. Going in while the trend is happening might get you to a wrong deciding moment and will just let you down.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

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?

What you did is actually a beginner mistake,why you sold any coin in this moment when BTC is showing so strong upward trajectory in last few days?It is obvious that in such situation most of altcoins will follow this upward trajectory and their price will rise.You should just keep track of what is happening and wait for better price.

Regarding BCH price,on April 7 it was only 611$, but after that it is in constant growth (1400$+ today).So next time take a little more attention about what's happening in crypto markets and align your decisions with that.

You did not want to risk it (or you did not know that price will go up) for bigger profit and wait,now be happy with the small profit-after all you have not lost anything except a potentially bigger profit.

GoldenLad

member

Activity: 266

Merit: 12

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?

There is no way to minimize it expect you decide to hold and not sell. This is why we most times says that the cryptocurrency market is always unpredictable. And also, it seems you have been listening to so much FUD going on in the last past months, which made you to panic and sell off. If you are investing in cryptocurrency, you need to decide if you really want to be a HOLDer or a trader.

Topic: After a Bad Sell - page 32. (Read 3788 times)