Topic: Do you regret when you miss selling at ATH followed by a correction - page 10. (Read 2341 times)

Regrets usually come and go, and as humans its part of our emotions to feel that. But we all know that it cannot help in the long run so we should always learn to control our emotions. And to think that crypto prices reaches its peak every year, so there is really nothing to worry if we missed opportunities like that. Just look forward for another peak and start to take advantage of the present correction so you can maximize the profits when another peak comes.

There is always a desire to take advantage of market volatility most especially when one is new to the industry and has been made to understand that so much could be accomplished by trading. The issue of sadness for losing out in the trade comes majorly when one is new and haven't made substantial amount from the industry or when the strategy would have worked but the timing was not in place.

It’s quite normal. There have been several times that I have lost money due to market correction. But when it happens I never worry much about it because I know I would still get it back. But one thing that never happened to me is facing correction after the market has reached a new peak or ATH price.

I always get to sell my coins early before the market faces a huge correction, and then I start looking for a better time to buy again.I am always very careful after there is a new halving in the market and price starts to increase, it’s important to really know what you’re doing and not try to be greedy because it can affect your trade. So, I tend to avoid that a lot.

Good point! Evaluate and find the best way not to repeat that same mistake. For sure, that kind of regret will keep lingering in the back of your kind

but moving forward will allow you to try harder. We never know when the opportunities will be open again, as long as we are willing to proceed and

seek for better outcome on our investment, it's a never-ending cycle, trading is for those who know how to balance and know how to act the right

way.  

Not all investors or traders can understand that if the coin you keep is a coin with good potential then it is expected that long will again find the latest ATH and also not all have the patience to wait for it to happen so often many traders or investors who prefer to sell in a loss because they have concerns the price will not go back up,  Likewise greedy always think the price will always rise where it is very impossible, never regret the decision that has been taken better think the next step so as not to miss the train.

Indeed, when the actual experience after but regretting failure, one always looks at it as a motivation to continue to improve everything. No one will be able to complain but yourself. The decision is up to you whether you fail or succeed, but it is always necessary to re-evaluate what you have experienced to better yourself in the future in all different fields.

Yes, I regret a lot when I missed the opportunity to sell ATH with many coins in the past. But just because it's not necessary to let that regret bother my current life, I consider it a worthwhile experience for myself and remind myself not to be too greedy with the market. 

I have a Target Marketcap of every coin/token that I buy, and some fomo from investors that can increase the price, if the question is when will I sell, of course I will sell after x5 of the capital I have then look at some information and wait for correction then buy again.
the tokens I have owned are Etna, Dehub and sonar, you can see these three projects are still running and finishing their products but the current price is down from ATH.

Right, Bitcoin will always regain back it’s top price and even cross it to reach a new all time high price. As for altcoins, I also believe that there are altcoins that people can invest in and HODL for a long term. Coins like Ethereum, ADA, and Binance Coin, are all worth investing for a long term.

But, not all the altcoins should be invested for a long term, so like you have said, anyone who has plans of investing in altcoins should be careful and selective of what they are investing , because if you just hop on it, you’re just going to find your money sinking, a big loss that you might not be able to recover from. Bitcoin is mostly the better choice for anyone to hit for.

That is why most at time you need to set your target while trading for instance, I trade daily and whatever I made out from it I saved to a stable currency maybe the next day or morning I continue my trade, in most scenario I setup my trades to get to my target which will triggered at night after my analysis,  perhaps if the market continuous increasing I don't get bothered as I knew it would definitely bounce back then I pick up my ride 🤣.

I believe that basically that it firstly depends on your investment intension. If your intention for investm=ing in the coins that you have invested in was for a longer time then missing selling at a present ATH shouldn't mean much cos like you said, your investment is for a longer period and there will definitely be another ATH and besides, you cannot always catch the top and bottom price but as long as you are in profits, you are ok.

Well said. Nobody can correctly predict where is the bottom and what is the top so keep booking profit when RSI on daily chart of any asset goes above 75, this is what I keep doing it all the time and I buy when RSI is around 25. Using Technical chart to take entry and exit decisions is best strategy though it is not perfect so use stop loss to avoid huge losses when trade goes against your expectations.

I've learned to do this too.  I also try swing shorts when a significant ATH is reached that I missed on the way up.  I try not to make a habit of over trading tho because the more you play in the casino the more you end up giving to the house.  But I try a few that I've followed for a while. 

I've accepted that I'm not the type of no-fear person to become a good trader but a few calculated risks with reasonable position size mgmt has been going ok.

The problem I have is that I don't really know what to do with my original mistakes.  The bags I hold of ATH buys that in hindsight I feel like they will never revisit those prices again, but I also don't want to sell at a loss anymore.  So I'm sitting on things I don't know what to do with- For example Filecoin - FIL.  I think it's a great project but not at $150 a coin or whatever I paid at the time. Even at $50 it's overvalued IMO.  So here it's finding some support at $20 area but what am I to do? Wait a few years and maybe I'll recoup half my losses? Or am I missing opportunity elsewhere by keeping my capital tied up in a coin that I simply overpaid for and should cut my losses and put that capital somewhere else that can grow?

That's the big problem I keep running into.  Can't decide if HODL is the right move or cutting losses and reinvesting elsewhere. This is a source of regret for me.  But I guess I need to just pick a decision and stick to it so I can be free to move on.

Hey thanks. I definitely don't wish my experience on others but it's good to know my story isn't that uncommon. And you're right of course, that there's no point in mulling over past mistakes- I should learn from it, and move forward like you said.

What I've found interesting is the effect that one's social media habits has on the whole thing.  Such that, before I even knew what crypto or BTC was, my main forums happened to be Twitter and Reddit for whatever I happened to be into following at the time. So naturally when I discovered BTC I went there as opposed to here or discord let's say.  And holy cow, in hindsight I really wish Twitter, or rather crypto Twitter (CT), wasn't the place I landed!

Its so utterly toxic IMO regardless of which part you end up on. I've been on both- the shill, influencer, scammy rug ppl I unfortunately followed at first all the way to the highly curated "alpha feed" which I spend months creating.  

Sure, it sounded smart to follow the top top traders, VCs, OGs, maxis and the gigabrained, but I kinda forgot the whole fact that it's all about money, flex, cred, public shaming and psyops. I'm a pretty genuine person I think and enjoy helping others and learning myself (more of a reddit vibe in the right subs) so I got eaten alive on CT.  It's like oh no, you mustn't ask the crypto rich any questions that challenge their precious words or aren't boot licking simps.  It's brutal.  

Yeah I have a bit of a chip I guess about it cuz I found myself buying into it and treating these egomaniacs like they were all knowing and like killing every trade and getting in early on all the best projects (or pump n dumps really) and I just chased that shit endlessly for too long.  
So much smug condescending stuff going on there.  Brought out the worst in me and I'll admit, my greed, gluttony, envy, wrath.. Ha, all the top notch sins.  I was trying to get a leg up and become a trader, a tech-ist, a multi maxi, an investor, an insider, a economics professor, a monetary history buff... You get the idea.  Trying to be everything at once except being myself and trusting my own ideas.

My point here is that just from browsing on here for a few days it seems like a much more diverse community.  All kinds of threads from the most basic noob questions (which I always find useful) to advanced topics to ppl just sharing stuff, sort of like I'm trying to do now.  It's so much healthier than trying to zing someone or getting psyoped in 240 characters on CT.
I wish I had started here and not there.

Lastly, the craziest thing about my whole journey has been that when I look back over each move I made in detail for almost 2 years, the ones that were the most sound and reasonable and dare I say "winners" were the ones that I came up with on my own, without influence, following a somewhat logical thesis and whatever my gut told me on top.  Unfortunately, I second guessed all of them because of what others said esp on CT, but really just my own lack of confidence in my ideas at the time.

All the high conviction moves I made weren't my ideas and I was just chasing or FOMO or trying to run with the cool kids (yeah I'm old and a dork sorry). The assets I sold were out of fear and FUD and no one was hyping LUNA or AVAX at $1. So I went w narratives that I really didn't know anything about.  Not trying to say I was a genius at ally I def was not. But an independent, original organic idea always seemed to be better than the toxic nature of CT and following what others were doing that I knew nothing about..

Anyway, I've said a mouthful again.  Can't help it, it's cathartic to get this shit out. Esp publicly cuz it helps to keep myself accountable and take responsibility for my mistakes and hopefully learn something going forward.   Like a cleanse - trying to start fresh I guess.
Thx for the feedback.
Cheers

When viewed from a very dominant physiological factor, must be prepared with the consequences as well. I've also experienced it too many people are in that position. However, if we take a step back, basically seeing where the market is going is very important to see and pay attention to, the greed factor is one of them. always force to buy it when the price is running with the already high chart. the end result, when there is a correction we wait for the price to rise when we buy the first position.

I should have become a crypto millionaire right now if all I did was hold my coins since 2019 but all in all I'm still happy I came this far, the best thing about money is getting it when you needed it the most and that served me right, it's not the end of the world if you lose an opportunity it's just the beginning.

Fools only regret it. Smart people never invest in Altcoin. Altcoin can be used for short-term trading. Or Altcoin can be used to gamble on gambling platforms. It is totally foolish to invest long-term in Altcoin. There is no reason to regret those who have invested in Bitcoin, now is the new buying opportunity for them. Hopefully, soon Bitcoin will regain its bullish form.

I always actively review the market when a new coin reaches ATH or the daily top gainer list on the Binance market because it will make a profit when there is a correction down more than 20% of ATH then pumped back into ATH, several times I made profit with that strategy but also failed to get it because of the bitcoin market effect, but I don't regret if I don't profit the opportunity from the ATH coin correction.

In deed, we regret when we miss opportunity to sell at ATH because we become greedy and  want to make more and more profit but we often forget that nobody can correctly predict the market over a period of time and there are always Bull and Bear cycle. I have learned after a long experience to use long term chart to make entry and exit decision based on technical signals. DMA200 and 50 weekly moving average important Indicators to watch and better to sell when price of Bitcoin goes below these 2 indicators. DYOR

Probably one of the best first posts that I have ever seen, except for a very selected group the majority of the people go through something similar, maybe not as extreme as your experience but at least they suffer some losses when investing in altcoins and then the market skyrockets just after they sell, I know it is frustrating but that is just the way it is and the only thing we can do is to move forward as there is no point in punish ourselves with the mistakes we made in the past.