How do you deal with 'Selling early' regrets? - page 2.

darewaller

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Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

You have to make up your mind if you are a trader; once you take profit or sell at loss; no looking back, no regretting; you take your lessons and move on to the next investment project on your schedule. Also, in as much as you sell in profits; then you should have no regrets, the joy in trading or investment is to take profits.

That is not easy for many newbies unfortunately. I would suggest the same thing if it was in my hands but I do not think that we are going to be able to see something like that anytime soon and it will not be possible. We are going to end up with a lot better results if we were capable of not feeling emotions, but we are humans and we feel emotions so there is no way we are not going to feel regret neither.

At the end of the day bitcoin is a long term store of value asset and it will always go up, which means if we end up selling, we are going to see it go up, because in the long term it always goes up so it doesn't matter if it goes down or up during the first days or weeks of us selling, eventually after few years it is going to be so much more and that is the real deal here as well, we are talking about something we can't control.

Murpheus

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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

Inkdatar

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We have our own goal and strategy when selling our assets. From the start you should have a plan when to sell. As what others says take profit when happy, but others have regret because of greed and no contentment. So as long you have profit it is good and buy back in dip.

Emitdama

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Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

That’s why it’s good not to hurry at times, but there are also times you will decide not to hurry and you will end up losing your money, so how do you deal with a situation where you lose your money?

You know that’s worst than when you sold early but you still have profit, so a situation like this one should be more easy to handle than the one where you’re losing money. The thing is that you should take away greed and appreciate the little profit you have got and understand that it’s not a must that you are going to get every thing. Maybe next time try to not to sell everything and just sell some and leave the rest.

doomloop

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Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

That depends, did you lose money? If the answer is no, then I don’t see any reason why you should worry much about it. If you feel that you’re losing money then you should buy back the asset and wait for when you will make extra profit. This is how most of the people here are making profits out of this crypto space. Learn the strategies and always look for the opportunities.

I always have a target, and I never regret when I sell at that target, even if the market should move forward from there, I don’t see any reason for me to worry about it since I have achieved that my target I will even happy about it. The only time I regret is if I should sell my coins while at lost and then the price pumps.

Viscore

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Quote from: SaveOurSea on January 24, 2021, 07:53:06 PM

Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

If there is no greediness and stable trading emotions, then the decision that has been made of course is a correct way.
yes, although a little regret does exist, because it is human nature,
but a trader must know when to buy again, the most important thing is to have profit from each purchase.

And the right time to buy again is when the price of bitcoin will dip.
Don't believe on the bullish people that bitcoin will not anymore dump to $20k and below as the history tells bitcoin is very volatile.

you miss and opportunity to buy cheap, wait for the price to correct and then buy bitcoin at dip.

Regret more if you don't buy at dip than selling early despite making a profit from it.

Look at the graph https://coinmarketcap.com/currencies/bitcoin/

wait for the red line to come.

SaveOurSea

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Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

If there is no greediness and stable trading emotions, then the decision that has been made of course is a correct way.
yes, although a little regret does exist, because it is human nature,
but a trader must know when to buy again, the most important thing is to have profit from each purchase.

Ultegra134

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Quote from: Coin_trader on January 23, 2021, 03:12:37 PM

Plain and simple. Sell and never look back. Just about profit is profit so that you will not regret. Selling early is less painful than selling in loss dude.

But can you really do that? I cannot stand not to take a peek on how's the market going after selling Bitcoin. Half of the times I've recently sold, the price remained to similar levels after selling, so didn't really bother. There was this time though, it wasn't long ago, less than a month, that the price skyrocketed right after I sold, I did make a decent profit but still, it's annoying to see it happen.

Personally, I set a goal of achieving an X amount of profit, (Either in percentage or in cash). After surpassing that, I will monitor the price for a while and then sell. Then, try not to bother of what happens next.

youdacapt

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Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

As a trader; it is best to take your mind off tokens that you have taken profit from. Once you sell a token; either it moons or not should not cause a mood swing for you. If you sold at loss; and it later ddid multi fold; you should improve on your decision making skills in case of next time.

sana54210

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Quote from: adzino on January 23, 2021, 11:28:36 AM

The only way to deal with it is by moving on and starting to invest again with a better strategy. If you sell early because you reached your profit goal, then there is nothing to regret about. If you sell early because you got nervous seeing the price rise, then learn from this mistake. If sell early because you saw the price dipping, then make sure next time you are ready for those small dips.
Move on, start investing and keep holding. Don't sell when you see the price dropping if you can afford losing all your investment.

The real thing we should be focusing on here is the fact that someone who is new in this wouldn't be capable of doing so awesome to begin with. Nobody starts becoming a great investor or trader in day one, everyone takes time to get better and better which is the important rule of investment. Everyone should know that even those giants with billions of dollars even trillions of dollars of hedge funds didn't became that way day one, sure some of them were lucky and rich even when they started, but the idea was always a long haul, you have to be consistently investing a lot of money for decades and you become a strong power.

Now not many people have a chance to invest that much for decades and get the profits of it, but you do not have to be that rich neither. So do not sell early, do not sell late, just buy buy buy and eventually you will realize after few decades (if your age permits) you will be way too rich for your own standards, because that is how investment works.

Coin_trader

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Plain and simple. Sell and never look back. Just about profit is profit so that you will not regret. Selling early is less painful than selling in loss dude.

doomloop

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The best way to deal with such regrets is to remind yourself that it is not the end of the world and there will be better chances. The thing you must learn from such instances is to avoid panicking next time and never trust those signals and articles that are all covered with negativity once the price starts to drop. When you buy Bitcoins or any assets in general then you have to keep faith because drops and rise are part of the journey and if you invest in something you rather believe in their value more than the price.

I have made similar mistakes in the past where I sold some Bitcoins because people were telling me that it is going to be the end of Bitcoins and better cash whatever you have rather than waiting for absolute zero. With time I have learned that no one actually knows how the market is going to move so better make your own predictions and stay firm with them.

Cling18

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Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

I simply set a target goal and sell when I reach it. Through that, I won't have too much regret since that is my usual strategy for years. The best thing to do when we regret selling too early is just to take it as a lesson and reinvest again. We can't get rid of this common mistake especially when we're just beginning so we should also know how to handle our emotions.

adzino

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The only way to deal with it is by moving on and starting to invest again with a better strategy. If you sell early because you reached your profit goal, then there is nothing to regret about. If you sell early because you got nervous seeing the price rise, then learn from this mistake. If sell early because you saw the price dipping, then make sure next time you are ready for those small dips.
Move on, start investing and keep holding. Don't sell when you see the price dropping if you can afford losing all your investment.

dotcoin.info

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It is worth identifying your mistakes and continuing to move on. There is nothing you can do about what has already happened, except to try to change the current actions in order to subsequently change the results of tomorrow. In general, it makes a lot of sense to put yourself a stop loss on bad deals, after a certain number of deals or a certain amount of lost money, you exit and close the session for today.

thirdprize

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As the price went up it was easy to make lots of little profits from trades but nowhere near as much profit as you would have made by holding. Still, you only make a profit when you sell, not when you hold.

darewaller

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Quote from: Vinaa77 on January 18, 2021, 11:05:04 AM

As the type of scalping trader who takes no big profits, I myself don't care about large increases. the most important thing is when the Profit Target has been reached I will sell it. there is still time to be able to produce at a later time than I have to wait for the increase again. because I rely on tradng to get a monthly income. on average every 1 - 2 days have reached the target or hit a Stop Lose Cheesy

How do you deal with price going from 10k to 40k? I am pretty sure that scalping still made profit since the price was going up, but people who hold their coins made about 4x return in the same time, do you think scalpers made 4x as well?

I am not talking about specifically you, you may have made more or less than that, I just wanted to ask did you find the method great during this period as well? Considering you make a monthly income from trading, you must be really good at it, what do you think is the best method you have seen so far? Is it scalping?

I personally do not really like risking my money with scalping because I am not good at it, I realize that scalping might be good for some but you have to be good at it, if you are a newbie like me and go into scalping that easily, it would be really not a good idea so I try to stay away from it.

Fivestar4everMVP

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Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

Well, I've been down on this road many times and I must say it's not to easy to deal with most especially when you are looking at that same coin or tokens skyrocketing.
My recent experience happened just last year, I sold all my 28 eth at about $387 each around October last year, OK, imagine I held to at least December, I would have earned a very huge amount of money, but then it's gone and it's gone, I can't leave with the regret cus it would be disastrous, so I just act like I never owned that coin or token in the first place, I just tell myself I never owned it, and beside, the money I earned from the sell was not wasted, so it make forgetting about it more easy, so I just let the past be in the past and let now and future be my major concern.

LimLims

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Quote from: libert19 on January 07, 2021, 12:08:35 AM

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

How do you deal with such things in positive way?

It’s better to get something than nothing.
I always think of this.
Yeah i feel sometimes bad, but make myself happy thinking that I didn’t made loss.
The best practice is to calm down whenever faced with such scenarios.
And act smarter to decide when to sell and when to hold.

libert19

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Quote from: CryptopreneurBrainboss on January 15, 2021, 12:43:00 AM

Quote from: libert19 on January 15, 2021, 12:15:07 AM

I learned one thing in recent days which helps me with this (was posted on this forum), once you are in profit, change your sl to position where even if market hits your sl you will still be in profit. You can also use trailing stop loss for that.

You will still expose yourself to future profits while minimizing your losses.

I think many people are getting the secret behind this strategy but now where they're having issue is how to time the market perfectly and place those stop loss. I have had complains in the past one particularly from someone that I gave this same advice but it backfired as the market flash crash and later recovered with minute and now the coin is soaring high but he isn't on the benefiting end since his stop loss order got executed.

Same thing happen with one of alt I traded just yesterday, it hit my sl and now 50% up, certainly this strategy sounds better than it is.

Topic: How do you deal with 'Selling early' regrets? - page 2. (Read 1189 times)