How do you deal with 'Selling early' regrets?

fullhdpixel

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Quote from: slaman29 on February 04, 2021, 05:55:35 AM

Actually, it's not even about the profit. Selling simply means realizing your capital. $100 in orderbooks is still $100 in imaginary numbers. You only have it in hand available to withdraw when you sell.

Sometimes the regret is about making losses, but the important thing is to keep to stop loss and TP. Not to dream and never realize p/l. Easy to forget for most traders that they came and traded using strategy to make consistent gains, not to make X amount of money.

I think it is not like that at all, having bitcoin is not really unrealized profits, you could even use your bitcoin for buying something and that means bitcoin is bitcoin all by itself. Lets be honest you can't go to any place and pay with apple stock, nobody accepts shares as a way of payment, but there are soooo many places (specially online) that accepts bitcoin as a payment.

Hence I think unrealized profit is not the case for bitcoin, even if you are a trader you could say that 100 bucks in bitcoin is still 100 bucks and it still worths something, it is not digital fake numbers, it is bitcoin and it does have a purchasing power. What you said could be very well true in any other asset, barely anyone accepts gold or silver as payment, you may convince them but you can't do that easily, definitely not online, nobody accepts shares, or foreign currencies that easily, but bitcoin is different.

k@suy

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Quote from: Wawa2013 on February 03, 2021, 07:57:35 PM

There is nothing to be sorry about, we sold early, the most important thing was that we managed to get a profit. You don't need to be greedy,
wanting to always make big profits every time you trade, in my opinion it's better to have small profits and not lose money. That's what's most
important when trading crypto. If you don't want to sell coins too early, can hold long-term and do not be affected by price movements that occur
in the near future. Always focus on the targets that we have set, as long as our selling target has not been achieved, don't sell the coins that
we HODL. That way I believe you can get maximum profit.

Yes as long as we have the profit I think we should regret selling it, we can accept and be contented not all people get what we have and what we earn, and it will give us another joy since we made the right choice to buy that coin and we take a courage to wait for it to pump, don't get too emotional in trading it will not bring you anything good in the future nor give you additional trading skills.

lixer

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Quote from: bitterguy28 on February 02, 2021, 06:46:04 AM

Quote from: libert19 on January 06, 2021, 11:08:35 PM

You sell something and later down the road, that goes multifold.

How do you deal with such things in positive way?

Simply , Be realistic and Put to your mind that you cannot bring back the past instead work for the future.
and Bitcoin or crypto trading does not stop just because you lose today.

Instead of Blaming yourself why not use the time and effort to look for another investment and will not become Panicking again this time, Use the mistake to be more knowledgeable tomorrow.

That is the best advice I have seen in a long time and it is 100% true as well. I believe it is in a situation where we are living in a world where we keep thinking what could have happened instead of thinking about what could happen and that hurts us a lot. I personally live with this problem as well, not that I keep thinking about the past because I have given up on that already so I am good there, but I fail to imagine what could be in the future, I always think how I will not be making too much profit and only be fine with the small amount of increases I get. I could make a good amount of profit if I focus and work hard but some reason I do not look at the future brightly even though I do not look at the past I am still %50 wrong here. Great advice though, everyone should follow this.

slaman29

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Quote from: ?? on ??

You have nailed it excellently; and to even add few words; it is not even selling early; it is selling in profit; for example, if i buy a coin at 5$ and then in 100 days, it worth's 50$; i have sold in profit; after another 100 days, it worth's 100$; why then should i worry or have regrets ?

Crytpo currency investment is all about taking profits and moving to the next token or wait for the bear; never attach emotions

Actually, it's not even about the profit. Selling simply means realizing your capital. $100 in orderbooks is still $100 in imaginary numbers. You only have it in hand available to withdraw when you sell.

Sometimes the regret is about making losses, but the important thing is to keep to stop loss and TP. Not to dream and never realize p/l. Easy to forget for most traders that they came and traded using strategy to make consistent gains, not to make X amount of money.

cyriljundos

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Quote from: libert19 on January 06, 2021, 11:08:35 PM

You sell something and later down the road, that goes multifold.

How do you deal with such things in positive way?

it happens to me many times, i bought a specific coin at lowest price after a day it went double i immediately regret my decision in selling it. It is just a part of a trading life, traders actually experiencing that even you are great trader we cannot control the flow of coin. in my cased i move on and buy another good alt coins so that i can earn more in trading alt coins.

Wawa2013

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There is nothing to be sorry about, we sold early, the most important thing was that we managed to get a profit. You don't need to be greedy,
wanting to always make big profits every time you trade, in my opinion it's better to have small profits and not lose money. That's what's most
important when trading crypto. If you don't want to sell coins too early, can hold long-term and do not be affected by price movements that occur
in the near future. Always focus on the targets that we have set, as long as our selling target has not been achieved, don't sell the coins that
we HODL. That way I believe you can get maximum profit.

Mahanton

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Quote from: Distinctin on February 03, 2021, 06:39:00 PM

Quote from: libert19 on January 06, 2021, 11:08:35 PM

You sell something and later down the road, that goes multifold.

How do you deal with such things in positive way?

I've sometimes caught this one. I bought BTC at $11k, then seel it at $20k, but it was a surprise it goes high reaching $30k, $40k. Yeah, it is very regretting but we should have to accept it rather than crying and quit, much better to set a plan for another investment.

It is a thing we need to move on and from that bad experience, we are able to learn. Seeing this failure is a big chance for us to grow for positive people but for doubtful individuals, don't know how they will respond.

Learn from mistake and move on.Dont go back to the past and keep regretting because this will just disturb you out on your further actions in the market.
Early selling regrets are bit common because this is an unpredictable market but somehow it can really be handle out if you do know how to deal things up.

We would learn in our past mistakes and sometimes guts and intuition are one of the things that could really be helpful on this kind of time.

Distinctin

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Quote from: libert19 on January 06, 2021, 11:08:35 PM

You sell something and later down the road, that goes multifold.

How do you deal with such things in positive way?

I've sometimes caught this one. I bought BTC at $11k, then seel it at $20k, but it was a surprise it goes high reaching $30k, $40k. Yeah, it is very regretting but we should have to accept it rather than crying and quit, much better to set a plan for another investment.

It is a thing we need to move on and from that bad experience, we are able to learn. Seeing this failure is a big chance for us to grow for positive people but for doubtful individuals, don't know how they will respond.

Kasabus

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Accept your mistake and move on to find a new opportunity again. Correcting our mistakes everytime is important to grow, we don't have to stop right away after making mistakes, even if we are successful already, we still want to make more by doing our effective strategy, some with making mistakes, we will not stop until we learn and be good at what we are doing.

Oilacris

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Quote from: MWesterweele on February 03, 2021, 08:43:43 AM

Quote from: SquallLeonhart on February 03, 2021, 04:32:22 AM

If you are not sure about selling or not selling, always pick the not selling side, because at the end of the day if you have the option to not sell there is no question in my mind that I wouldn't sell. Obviously there are times in life where you have to end up selling and I get that, it is understandable that you might be forced to sell and that is totally understandable, but just because it is understandable that you might sell due to some reason, doesn't mean that everything is a valid reason.

If you want to sell because you are going to pay your debt that sounds reasonable, but if you sell because your reason is that price may go down, that is not a good reason at all. I just make that distinction between those two things and I do not sell that easily at all. Selling or not selling is not a question in my mind, it is a forced thing or not.

There we have it our what we called "gut feeling", either you are torn between selling or not selling just listen which one does weight heavier because this might what your gut feelings wanted you to choose. However, if you had already done it like selling at early where you didn't think that example bitcoin will getting to hit its new ATH for somewhat $40K and you have sold it for just $20k then its a sad part, totally sad but then it'll happened and you couldn't change the way it happened. All you need to do was moved on and trust yourself that you may get it again, maybe that profit wasn't your lucky time yet

Gut feeling with some accompanied a little bit of luck will really be pleasing but when results goes to the opposite side then just move on and accept because not all the times we would really be right
on what our gut do say but basing off on experience this one could really help into some situations.

Results might not really be going as expected but basing off ratio then i can tell that this is also a helpful thing for you to follow but wont really be that good for you to head on from time to time.

Selling early neither would be a good call or not and this will vary on how market moves.Its always been unpredictable thats why results would really not go as anticipated.

MWesterweele

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Quote from: SquallLeonhart on February 03, 2021, 04:32:22 AM

If you are not sure about selling or not selling, always pick the not selling side, because at the end of the day if you have the option to not sell there is no question in my mind that I wouldn't sell. Obviously there are times in life where you have to end up selling and I get that, it is understandable that you might be forced to sell and that is totally understandable, but just because it is understandable that you might sell due to some reason, doesn't mean that everything is a valid reason.

If you want to sell because you are going to pay your debt that sounds reasonable, but if you sell because your reason is that price may go down, that is not a good reason at all. I just make that distinction between those two things and I do not sell that easily at all. Selling or not selling is not a question in my mind, it is a forced thing or not.

There we have it our what we called "gut feeling", either you are torn between selling or not selling just listen which one does weight heavier because this might what your gut feelings wanted you to choose. However, if you had already done it like selling at early where you didn't think that example bitcoin will getting to hit its new ATH for somewhat $40K and you have sold it for just $20k then its a sad part, totally sad but then it'll happened and you couldn't change the way it happened. All you need to do was moved on and trust yourself that you may get it again, maybe that profit wasn't your lucky time yet

SquallLeonhart

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If you are not sure about selling or not selling, always pick the not selling side, because at the end of the day if you have the option to not sell there is no question in my mind that I wouldn't sell. Obviously there are times in life where you have to end up selling and I get that, it is understandable that you might be forced to sell and that is totally understandable, but just because it is understandable that you might sell due to some reason, doesn't mean that everything is a valid reason.

If you want to sell because you are going to pay your debt that sounds reasonable, but if you sell because your reason is that price may go down, that is not a good reason at all. I just make that distinction between those two things and I do not sell that easily at all. Selling or not selling is not a question in my mind, it is a forced thing or not.

bitterguy28

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Quote from: libert19 on January 06, 2021, 11:08:35 PM

You sell something and later down the road, that goes multifold.

How do you deal with such things in positive way?

Simply , Be realistic and Put to your mind that you cannot bring back the past instead work for the future.
and Bitcoin or crypto trading does not stop just because you lose today.

Instead of Blaming yourself why not use the time and effort to look for another investment and will not become Panicking again this time, Use the mistake to be more knowledgeable tomorrow.

milewilda

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Quote from: Wulan_maniez on February 01, 2021, 06:44:00 PM

Why should I regret it, if you have already profit from your trading. This is something good.
Sometimes we can’t predict peak prices, even the best traders. Come back to buy at a cheap price,
this will be very safe, if you want to sell for profit.

But people dont really get contented that easily which means whenever they do sell out early and then seeing the price had increased even more then they do really regret after that
but if they do think off if they do able to pull off those positions before the market crash then they would just simply say that was a close call.Humans are born greedy thats why
these kind of selling regrets cant really be removed on one self. Profits is profits and that what matter most but people doesnt really like out to miss and like to have that
maximum profitability even into this very unpredictable market which is really that too dumb kind of a habit or behavior.

Wulan_maniez

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Why should I regret it, if you have already profit from your trading. This is something good.
Sometimes we can’t predict peak prices, even the best traders. Come back to buy at a cheap price,
this will be very safe, if you want to sell for profit.

Oceat

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Quote from: Twinkledoe on February 01, 2021, 05:10:16 PM

Quote from: e@symode on February 01, 2021, 04:48:49 PM

This is a common occurrence especially recently when everything is growing. I don't know how to calm this feeling even though I earned a few percent on the project. For example, I sold UNI for $ 2. I will always remember this and this wound will never heal.

Once you finished the trading, don't look back and check for the price. You need to move on, otherwise, you will get crazy thinking that what you should have done. As long as you made profit, just be happy that you are on the positive side. Thinking that you should have sold at a different time will not help you calm down your feeling of regret. We will always have that feeling but one thing to move on is just look for other opportunities and not go back again and again to your old asset.

I think that feeling is the same feeling as greed and he's already using emotions in trading which is not good. Most traders are like that and did end up regretting because they sold early. I think it's just normal because all you want is to gain profit but you didn't expect it to fold more than what you have expected.

That's why TA is somehow effective if you really want to get close of the price as much as you can.
Anyway, if your target is just to gain profit why regret though? You haven't done wrong with it and I think if you feel the same way again then always think that when you are about to dump be sure that you won't look back anymore.

Twinkledoe

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Quote from: e@symode on February 01, 2021, 04:48:49 PM

This is a common occurrence especially recently when everything is growing. I don't know how to calm this feeling even though I earned a few percent on the project. For example, I sold UNI for $ 2. I will always remember this and this wound will never heal.

Once you finished the trading, don't look back and check for the price. You need to move on, otherwise, you will get crazy thinking that what you should have done. As long as you made profit, just be happy that you are on the positive side. Thinking that you should have sold at a different time will not help you calm down your feeling of regret. We will always have that feeling but one thing to move on is just look for other opportunities and not go back again and again to your old asset.

e@symode

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This is a common occurrence especially recently when everything is growing. I don't know how to calm this feeling even though I earned a few percent on the project. For example, I sold UNI for $ 2. I will always remember this and this wound will never heal.

Fatunad

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Quote from: Murpheus on February 01, 2021, 08:09:06 AM

I always have a good reason for selling any of my token in the first place....

Like once I needed to buy medications for momma....
Another time it was to take Care of some very bugging issue...
That way I know at least... I didn't just sell it, I sold it to get something of equal value or greater value

There's always a situation like that on where you would really be ending up on selling out your coins in not the right time due to those kind of emergencies
which i do agree on most part that it doesnt really matter as long you have sold it for other important purpose just like hospitalization or medication of your loved one's
or other situation that do get involved your family or relatives. Money is should be spent out but if you do have some spare for you not to touch off your
coins that had been holding then its a good option but if you dont have any choice then this will be your last resort.

dezoel

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Quote from: CryptopreneurBrainboss on January 07, 2021, 01:51:49 AM

Moving on is the only positive way you can deal with such scenario. If you don't do that then you'll beat yourself up every minute with constant thinking of your early decision been a wrong one (which isn't) and you'll begin to assume you made a mistake which if you don't address probably might affect your future trade.

Trading is all about making profit and if you exit any trade successfully in profits then you do that just perfectly. Take some break and reevaluate the market before jumping right back in just to catch the upward wave.

Do understand that the market will present an opportunity in the near future for you to re-enter the market so don't rush into making a decision that most likely will make you loss both the capital and profits you earned. If you sold your bitcoin earlier and now regretting, you can enter good position in some alts as obviously their time will come when they'll record similar growth as bitcoin did. Ethereum just experience hers.

That is correct. I had probably over 100 bitcoins in my life, almost all of them when it was lower than 1k dollars, and a few of them between 5-10k levels, and only a very tiny portion of it (under 1-2 bitcoins) was above 10k, and I never had any bitcoins since it broke over 30k for example.

It means if I kept that 100 bitcoins, that would be about 3.7 million dollars right now, I would be so rich that not only I wouldn't have to work ever again, my grandchildren would live a very rich life with that kind of money, hell my grand-grandchildren would probably live off that money, looking at inflation dollar loses value but not that much, it would stil be good enough amount to live without working for 3 to 4 generations. Yet here I am working every single day to make ends meet and not even making that much money. If I focus on this, I would probably feel suicidal, but I do not, because I love my work, and I feel like I earn my place in the world instead of just getting lucky.

Topic: How do you deal with 'Selling early' regrets? (Read 1208 times)