How do you cope with missing easy money making opportunity?

libert19

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Quote from: MCobian on May 25, 2020, 06:39:28 PM

What you experience with losing opportunities for making money is often experienced by all of us. Which is always remembered by me
when the moment of bitcoin and altcoins reached the price of all time high in 2017, I and many people missed the opportunity to earn
profit at that time. An easy way to deal with this is that we just hold the coins until the pump returns, because if the coins dump
will definitely pump again. We just need to be a little patient.

It is not like that, most of those 2017 projects are dead and will never return.

Anyway, I appreciate you all for taking time to comment. I have gotten over it and locking the thread, thank you!

MCobian

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What you experience with losing opportunities for making money is often experienced by all of us. Which is always remembered by me
when the moment of bitcoin and altcoins reached the price of all time high in 2017, I and many people missed the opportunity to earn
profit at that time. An easy way to deal with this is that we just hold the coins until the pump returns, because if the coins dump
will definitely pump again. We just need to be a little patient.

rathaha10

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io.ezystayz.com

Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived. It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit. Life feels like a constant roller coaster of replacing one regret with another.

situations like that happens a lot in this space and personally I've sold tokens at a less cheaper prices that it rose to almost a stable price of about 100% increase and at thesame time, I've Holdl some tokens that got dipped beyond imaginations but i always find solace in the general fact that say; "you can't always win" and to be honest, nature cannot provide anyone to be winning always

Yamifoud

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Quote from: Oasisman on May 25, 2020, 04:30:06 PM

I guess, that happened to everyone in this community. I mean who would be able to know the peak of that specific coin we're holding once it pumped.
I was once holding a coin early in 2018 which cost $0.002.. then a month after it pumped to $0.04... didn't sell, waited for it that it might get to a dollar a piece. But, no and I missed it forever lol.
So, I think it's always better to sell at a good price position rather than waiting for more. Being greedy does a lot of mess.

That is because we are expecting more rather than to be contented of what we've got. We saw that it pumps but wondering we want more and still holding.

I believe that everyone has suffered the consequences of being greedy and we are blindly enough to see the truth in the volatility market. But we are able to accept it knowing that we'd never end up and try to correct the wrong market perception. We have to change our mindset and to take advantage of every time that the market will pump rather than losing it.

carlfebz2

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Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived.

It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit.

Life feels like a constant roller coaster of replacing one regret with another.

If you do let your greed control you from time to time then you will surely end up on the same situation again and again.Be contented when you do already gain and dont ask for more pumps because this is mostly the scenario on where people do end up on regretting because they had missed out that selling opportunity.

This isnt some like wayback in 2017 where price can shoot up on thousand multipliers which means gaining some considerable percentage would really be worth to cash out immediately before its too late.You should learn on your past mistakes and you shouldnt repeat it if you do encounter the same
situation along the way.

Just have some goal in talks of profit and dont ask for more.Getting fomo'ed is common but you should be wise on this kind of market for you
to be profitable.

Oasisman

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I guess, that happened to everyone in this community. I mean who would be able to know the peak of that specific coin we're holding once it pumped.
I was once holding a coin early in 2018 which cost $0.002.. then a month after it pumped to $0.04... didn't sell, waited for it that it might get to a dollar a piece. But, no and I missed it forever lol.
So, I think it's always better to sell at a good price position rather than waiting for more. Being greedy does a lot of mess.

bitgolden

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Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived.

It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit.

Life feels like a constant roller coaster of replacing one regret with another.

It is not always easy to give advice to people who have done everything right but still failed. Sometimes life is like that and you can't run away from losses, it just happens and you have to learn to cope with it. It is not easy, it takes time, but when enough of it happens you get used to it basically. It is not a coping mechanism, it is just how life works and over course of years (or maybe even decades) there are some that still angers you and upsets you but it becomes rarer and rarer with time.

Same goes with getting scammed, everyone gets scammed at least once in their life, if you have already doesn't mean you never will, if you never have that only means yours is waiting you in your future. Just take the loss and move on and try to not to do the same mistake again.

target

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Quote from: libert19 on May 20, 2020, 12:30:53 AM

Quote from: exstasie on May 20, 2020, 12:01:37 AM

Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived.

It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit.

Life feels like a constant roller coaster of replacing one regret with another.

Greed kicked in. It happens to the best of us.

Sounds like you're bagholding and missed a chance to get out on the exit pump? When waiting for an opportunity like that, I prefer to have shitcoins deposited and already in orders on the ask side. No hesitation. I held too many bags through 2014 and 2015 to make those kinds of mistakes again. Depending on altcoin market conditions, it can take months or even years for another chance. Not sure what kind of capitalization you're talking about, but some small coins will even get de-listed while you're waiting. Lips sealed

The markets are in a very interesting place. If BTC breaks above $10.5K it could trigger a big crypto bull market. Then you'll have plenty of altcoin opportunities.

I didn't want to exit, and the coin is still at a good price. All I wanted to do was sell at yesterday's peak so I could buy back today at lower price, increasing my holdings.

That means you wanna accumulate. Thats a good way to make money but you may wanna see to it that you have a right coin instead not an altcoin which doesn't fluctuate everyday. If accumulation is what you want, then perhaps you need to switch to BTC/USDT instead. Accumulate BTC not altcoin.

LbtalkL

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I was in almost the same situation before but mine was harder, The token I invested pump to $20 missed the chance to sell at those prices I was hoping it will pump more, but it went down to $10 but still, it is a profit for me, I didn't sell, Until the projects were inactive and in 1 day the price goes to the bottom. What a turn of events I believe in that project but it fails me, I was a newbie at that time. The lesson is if the profit is there grab the opportunity don't wait for bigger, profit is profit. Also, don't just invest on random projects with no output, just plans, and promises that do not come true. I prefer a reputable coin which has low risk.

spike420211

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The main principle of moving forward is a quick way out of negative thinking. It is impossible to completely stop the negative flow of thoughts, but the sooner this happens,
the faster you can see new opportunities for earning in the market. I try to follow this particular strategy.

Kelvinid

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win lambo...

Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived.

It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit.

Life feels like a constant roller coaster of replacing one regret with another.

Feels like you've been in the last 2017 market surge, you've still held your coins for you think that it will move even higher but was a big surprise when it drops drastically and didn't even sell anything. Regrets are on the way. And yeah, it really broke us. That is the reason why I haven't in a long-term holding for I know that the market is highly volatile. Think that it pumps for a while but it drops a minute after, that was a lightning strike and surely we can't expect the sudden switch.

A lesson to learn;
*take every pump as an opportunity to sell, not to hold.
*take every drop as an opportunity to buy and hold, not to sell

crwth

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https://linktr.ee/crwthopia

There are a lot of coping mechanisms that a person can do

Support
Relaxation
Problem Solving
Humor
Physical Activity

The list above is from this site, and there is a lot of it too. https://www.goodtherapy.org/blog/psychpedia/coping-mechanisms

I'm currently more inclined to relax and support when something negative happens in my life, not just in trading but in general. The best thing is to keep your mental health in check too, and it's one of the things that could help you with your stress. Find your best way to relieve the feelings, and you could continue and do better the next time.

Latviand

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Quote from: RealMalatesta on May 20, 2020, 01:06:35 PM

I focus on the opportunities I didn't missed. I do miss some money time to time and there were a lot of times when I could have made a lot more money yet I didn't so all in all I think I just focus on the money I made to keep sane.

If I end up thinking about all the money I could have made, I would have been insane by now, I had hundreds of ethereum back in the day that I got for "free" basically (a simple job) because it worth basically nothing as well, at peak that was close to a million dollars I think, right now its still a lot of money. So, do not think of money you could have made because there is no return button to it, think of the money you have made (or money you lost) so that you could actually do something about it next time around.

Opportunities should be seized as soon as possible because there's an opportunity that once in a blue moon to occur and that's very rare. So if there's an opportunity, always grab it, it's better to experience it than to regret it especially when there's a money involved. It is really worth it to always try so that you have nothing to regret for.

You can't undo the things that you have made, never try to hesitate but make sure that you will do your best once you grab it. When I learned about bitcoin, I really tried to understand how it works so that I can effectively manipulate it in the market so that the opportunity that I grabbed will not put into waste. Especially that there are some investment in crypto that do not grow because of the mismanage of it in the market so the losses are more than profits.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

First thing as a trader, stop being emotionally attached to your coins. You are out there to make money and so follow that. Does not matter if the team is legit or semi-legit or scam. You need to know when you have to sell and that is when the pump occurs.

You may not wish to sell all your holding the next time a pump sets in. So sell in fractions at different pumps keeping a watch at which price you bought it. If you wait for it to pump more chances are 50-50 of losing money or missing out the profit.

cheezcarls

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Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived.

It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit.

Life feels like a constant roller coaster of replacing one regret with another.

I know how it feels to miss that "opportunity", because I've been there a few times. I would recall sometime last year about a token that is freshly-listed in that exchange. During the first few days of trading, it was great and decent until I've decided to sell it at a good price. But days later, that token skyrocketed even higher. I think it gained thrice the amount I've traded, and it feels like "Man, I wish I should have waited!", etc.

The market is so unpredictable, that's why I can't seem to find the right time to "strike". In terms of coping up for that missed opportunity, I simply told myself that it was just lessons learned and thinking positive at the same time (despite some regrets). I continue becoming productive so that I won't get distracted in my missed opportunities back then.

Wexnident

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Nothing, I just let it go. Not like holding it in yourself for that long even though its over is going to do anything useful at all. Yes, I know, it's actually quite hard to let go of the regret about missing an opportunity but really, what else can you do? It's not like you can stop putting the chance of an opportunity to others' hands and would instead take it into your own hands to make another opportunity. Greed was involved yes, but the analysis paralysis would deem to be the most to be one at fault here.

Quote from: RealMalatesta on May 20, 2020, 01:06:35 PM

I focus on the opportunities I didn't missed. I do miss some money time to time and there were a lot of times when I could have made a lot more money yet I didn't so all in all I think I just focus on the money I made to keep sane.

This. Look at what you can do instead of what you missed kind of thing. Nice mindset and ngl, if we were to keep into account our losses every time, We would've quit instead of continuing right now.

thesmallgod

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It is greediness that make us to miss opportunity like that. You always think the price will keep increasing. The best way to stop missing opportunity like this is to make sure you already set a target which is not too bogus for yourself. Have a percentage gain you want and ones the coin reach the price, execute and make a sell order. Doing this will save you from missing and regretting money making opportunities.

carter34

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Quote from: libert19 on May 19, 2020, 11:33:39 PM

Life feels like a constant roller coaster of replacing one regret with another.

This kind of feeling leaves someone living in regret always. As far with this business, losses and missed opportunities will come but it depends on how we see it to move on

Raflesia

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Yeah, think we will get a bigger chance by trading coins that are being pumped, especially the pumping is too high with no issues whatsoever of course if we pay attention this will not be entered into and maybe it is manipulated if projects with inactive products have even happened a lot. in some coins.

In trading if you have a good opportunity then that is where we have to act as we have to do and I think that's enough, if we wait higher than pumping the coin then we will regret it and the coin like that suddenly comes down to the bottom due to greater disposal.

The Cryptovator

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That's called greed, and greedy trader will regret eventually. For alt coins I didn't make such as mistakes if my memory serve correctly. First time I learn about bad effects of greed in back 2017, I didn't sold my bitcoin during ATH and eventually I become a loser. After that I have realized greedy behaviour will lead you lost funds. So whenever I had been trading alts then I sold when I had appropriate profits. Nevermind if bump again after sold, at least I am not loser although I weren't able gain big profits.

However, it's pretty common mistakes for traders and believe someone us could learn from your story. Hope you and others would able to avoid such behaviour for further trading.

jrrsparkles

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Expecting too much will always hurts. Grin

Learn to make profits when its available because there is no perfect time to sell coins and its not possible for anyone to sell at the perfect peak.

RealMalatesta

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I focus on the opportunities I didn't missed. I do miss some money time to time and there were a lot of times when I could have made a lot more money yet I didn't so all in all I think I just focus on the money I made to keep sane.

If I end up thinking about all the money I could have made, I would have been insane by now, I had hundreds of ethereum back in the day that I got for "free" basically (a simple job) because it worth basically nothing as well, at peak that was close to a million dollars I think, right now its still a lot of money. So, do not think of money you could have made because there is no return button to it, think of the money you have made (or money you lost) so that you could actually do something about it next time around.

maydna

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It always happens when greed comes to you, and tell you not to sell at that time because the price moves good, and it could increase higher. So you are cancelling to sell your token because you want to make a bigger profit but unfortunately, the price down and back to the lower price. That is what happens if you don't decide to sell fast when the price can increase because you will not face that price again for a long time except there is another pump that will come again for that token/coin. I think almost we all have the same experience, and we are regret not to sell at that moment, but that is already happening, and we cannot regret what we decide.

I am sure that we will have a chance to make a profit from another coin, as long as we can hold the greed to come to us again, so the greed does not prevent us from selling at a price. I hope you get an important lesson in your story and you can learn from that lesson.

mk4

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Always remember: Hindsight is 2020.

Based on your explanation though, it looks like you thought the rise was going to be short lived, but you didn't sell anyway hence why you're having regrets. Why didn't you sell in the first place even if you knew the rise was going to be short lived? There has to be a reason that weighs more hence why you didn't sell.

But regardless, again, you didn't know for sure where it was going. You could be right, or you could be wrong, and it's just the case that you ended up being wrong. Keep it in your head that that's how trading works. You're going to be wrong, and you're going to be wrong A LOT. It's not like it's the only trade you're going to execute the whole year, right? Chin up, and figuratively slap yourself a bit and tell yourself that you ain't gaining anything by crying over spilled milk.

maxreish

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It happens always.
But at least you made a good theory out of it. It's just that, other side of yours prevent and stopping you to sell it because you are still hoping that it will still pumped. But opposite happened. Greed always messed up our plan and that's the reality.

Anyway, you can still probably wait for that coin to pump. After all, crypto market give us a chance to sell our hold coin this time when it pump again.

libert19

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Quote from: exstasie on May 20, 2020, 12:01:37 AM

Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived.

It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit.

Life feels like a constant roller coaster of replacing one regret with another.

Greed kicked in. It happens to the best of us.

Sounds like you're bagholding and missed a chance to get out on the exit pump? When waiting for an opportunity like that, I prefer to have shitcoins deposited and already in orders on the ask side. No hesitation. I held too many bags through 2014 and 2015 to make those kinds of mistakes again. Depending on altcoin market conditions, it can take months or even years for another chance. Not sure what kind of capitalization you're talking about, but some small coins will even get de-listed while you're waiting. Lips sealed

The markets are in a very interesting place. If BTC breaks above $10.5K it could trigger a big crypto bull market. Then you'll have plenty of altcoin opportunities.

I didn't want to exit, and the coin is still at a good price. All I wanted to do was sell at yesterday's peak so I could buy back today at lower price, increasing my holdings.

exstasie

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Quote from: libert19 on May 19, 2020, 11:33:39 PM

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived.

It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit.

Life feels like a constant roller coaster of replacing one regret with another.

Greed kicked in. It happens to the best of us.

Sounds like you're bagholding and missed a chance to get out on the exit pump? When waiting for an opportunity like that, I prefer to have shitcoins deposited and already in orders on the ask side. No hesitation. I held too many bags through 2014 and 2015 to make those kinds of mistakes again. Depending on altcoin market conditions, it can take months or even years for another chance. Not sure what kind of capitalization you're talking about, but some small coins will even get de-listed while you're waiting. Lips sealed

The markets are in a very interesting place. If BTC breaks above $10.5K it could trigger a big crypto bull market. Then you'll have plenty of altcoin opportunities.

libert19

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Activity: 2520

Merit: 952

Ok, so yesterday a coin I was holding, pumped.

The project and team sounds legit but since there was no product live, and from several past experiences I figured this rise is gonna be short lived.

It was true. But, I didn't sell (analysis paralysis), lost the opportunity. Feels like shit.

Life feels like a constant roller coaster of replacing one regret with another.

Topic: How do you cope with missing easy money making opportunity? (Read 246 times)