How do you deal with 'Selling early' regrets? - page 4.

XZERO1

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Quote from: MCobian on January 16, 2021, 10:06:28 PM

When we trade crypto, we must have experienced regret because of selling early. A positive way to deal with the situation is usually I take a short
break and seek entertainment so I can move on. After that start learning to manage emotions and improve my trading skills, so I can avoid repeating
the same mistakes.

That's a great way to stay in the right mood, taking some time off from time to time and more specially after some loss or maybe missing out on some profit could help you get back on the right track.

There's a term called "Revenge Trading" and that is what most less experienced traders could do a lot and do not realize it.

For example: You miss out on a nice movement up or you take a loss on some coin/token which affect your decision making and what it does is that it pushes you to take more trades and as a result more risk to recover what you just lost and I guess it goes without saying that it usually doesn't end that well and it will lead to just even more losses.

MCobian

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When we trade crypto, we must have experienced regret because of selling early. A positive way to deal with the situation is usually I take a short
break and seek entertainment so I can move on. After that start learning to manage emotions and improve my trading skills, so I can avoid repeating
the same mistakes.

Trading is not easy, there are many things we have to learn in order to become successful traders. So always be grateful every time we get a profit
when trading, even though the amount may be small. And never be lazy to learn something new, it will make our trading skills improve.

bakasabo

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I rarely regret selling early. I cant remember an altcoin, which I have sold with huge losses. I remember myself selling only a part with a small loss, but previous deals with an altcoins were profitable, so in general I'm still having profit. Cant say that I'm the most calm person in the world, but, as cryptocurrency is not my only and main source of income, I mostly go with rule - "you can earn all the money in the world". For me selling early and having a loss means I need to improve in future so that I wont repeat same mistake.

Quidat

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Quote from: cryptolord2077 on January 16, 2021, 03:25:50 PM

There is no reason to regret, but there are reasons to realize what you did, why you did it, what things pushed you to do it, and so on.
Having understood why this happened, you can try to take control of it in the future, otherwise you risk repeating your mistakes.

You wont really improved if you wont really realize on what are those mistakes that you had done or missed out do for you to make more money.
Dont regret as long you do able to gain then that what matter most.Selling early regrets are common but the worst thing kind of regret is that
you do missed out to sell when you are still earning or making profit and the market crashes and thats because of your greed to held up too long.
Just try to learn up to those missed opportunities and try to apply it into your future trades.

cryptolord2077

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There is no reason to regret, but there are reasons to realize what you did, why you did it, what things pushed you to do it, and so on.
Having understood why this happened, you can try to take control of it in the future, otherwise you risk repeating your mistakes.

wxa7115

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Quote from: sana54210 on January 13, 2021, 01:43:55 PM

At the end of the day even if have a plan, selling early would make everyone upset. If we bought at 7k and sold at 21k, that would be 3x return, but when we see price hitting 40k we will still be upset about it no matter what. So, that is why selling early regrets will happen no matter what. What we can do about it is, basically never sell until we want to get out completely.

I understand that many people do not get in crypto with huge sums, so they can't get retirement amount of money that easily, if you invested 100 dollars when bitcoin was 1000 dollars (5 years ago) and sold today at around 40 thousand dollars, you would have 4 thousand dollars right now. That is a 5 year wait on 40x return, and even though that is a great return, you are still not retiring with 4000 dollars. But if you keep investing and keep waiting you may end up retiring with it, and do not sell until that moment. After that, you are retired with a lot of money, doesn't matter if you missed more money.

This is why we need to learn to let go of our feelings when we are trading, it is obvious that in the scenario that you are giving a person is going to be mad by not being able to maximize their profits, but at the end of the day you got profits which is way better results than what most traders and investors are getting when they invest in bitcoin.

After all if you have more money than what you had at the beginning of a trade now you have more opportunities to keep multiplying that money regardless of whether the market keeps going up or not, that is way better than the alternative which is to have no money because you lost it all when you were trading and now you are unable to take advantage of the next movements of the market.

AicecreaME

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Quote from: Rasel5209 on January 16, 2021, 07:58:43 AM

When i buy some alt coin first i set my plan. I don't wait long time for high profit. Only sell why i see fulfill my demand and always i sell only some satoshi profit.

It's going to help more if you're going to apply technical analysis on it to increase your profits in the long run. Also, trading with the right chart information gives you confident that'll boost your profit because it will always ensure you that winnings in every Trade is 80% accurate than trading by just following your instincts.

There's a lot of strategies that you could learn by reading or watching in YouTube tutorials, find the right one that'll suit your style in Trading.

XZERO1

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One way to deal with that is to have more experience in trading, what some people might fail to understand is no matter how good you are at trading or investing, you will have a lot of regrets whether it's because of selling too early, not selling in profit when you had the chance or not buying something when it was cheap, and you know what? you will eventually get used to it as you have more experience and it doesn't bother you that much anymore and your brain will just learn to ignore these feelings of regret.

So what you can do is to accept the fact that you're going to be wrong at finding entry and exit prices a lot of times, and based on my own experience I assure you that you will get used to it as you experience it more and more and that would be something that could make a way better trader as you're not afraid of making mistakes and missing out on a possible great opportunity anymore.

Rasel5209

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When i buy some alt coin first i set my plan. I don't wait long time for high profit. Only sell why i see fulfill my demand and always i sell only some satoshi profit.

gabbie2010

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Quote from: posi on January 14, 2021, 01:06:43 PM

The best way positive way I think is best to deal with selling early regret is to have mature thinking about what happened since you don't sell at lost price everything is good cause there will always be another day with another opportunity in the market. So only have to think about the future, learn from previous mistake and ready to make good profit out of the current market after all ones cant turn back the time.

Truly it painful for selling early and later regretting however I always take solace in the fact that the reason
and aim forr selling my coin at a particular price before it skyrocketed is actualised I just forget and move on.
I can't predict the market perhaps if the price had dumped before selling I would have regretted too for not selling earlier, these are price behavior that no one can change but have to get accustomed to however when any opportunity of accumulating avail itself we should continue to buy and hodl.

LogitechMouse

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All good

At first, I already plotted and decided with it so if it goes up even higher then it will be my fault but in the end I can't do anything about it to accept. After all what we want is profits right? As traders, it is ok to sell early as long as you got some profit but from a holder's perspective they might feel a bit of regret because of selling too early knowing that the price of it might go even higher.

For me, no hard feelings as long as I got profit. There are many opportunities out there. Just wait and find them.

so98nn

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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?

Initially, it was big rage for me. Each time I had such downfall I would go nuts and tell everyone in my circle how I lost profits that would have been in my account if I wouldnt gone for selling.

However, later many suggested me that it's not your loss because you loose nothing until cash out below break even point. Each time the price went up I just lost the virtual profits that would have been mine if I would have kept the bitcoin as it is.

Yes it still feels bad but after this I started to follow one method. Basically made two account for trading of which one is for daily trading to take little profits and another is for the purpose of long holding. So I have best of both worlds now. Try to make such strategies which can make you comfortable while trading.

CryptopreneurBrainboss

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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.

Many newbies prefer to stay in a trade just because they don't want to miss out on potential future profits the coins is to give obviously based on speculation they most have seen online from the so called professional traders that just leverage on the gullible nature of this new comers.

If you want to be successful at trading then you must self program yourself to be comfortable with the small profits you receive provided you don't close any trade in losses. Scenarios like this is common and you must learn to live with them

libert19

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Quote from: Insanerman on January 14, 2021, 02:44:52 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?

Keep in mind that profit is profit. Never regret something just because 'you can earn more' yet you've already earned fine. Such pessimistic traits often tend to drive us greedy in our trades which can soon be a constant loss.

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.

milewilda

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Quote from: ardentvolcanoes on January 14, 2021, 02:49:06 PM

Quote from: Lordhermes on January 14, 2021, 03:39:42 AM

Quote from: ?? on ??

Traders will also regret choosing not to sell at a certain price because they think the price may still go up but in fact the price has fallen, so regret should be removed by evaluating our trading and starting with new steps with new profit targets, and so on without thinking if this and that.

I can handle the regret because so many regrets had happened to me in as much I'm still the trading atmosphere, every minutes on or two traders gets regret for selling lower so you have to accept that and move on to next trade, I sold my btc at 33k thinking it would still be falling but now it's at 37k, very hard to predict the future and when it's goes against you, embrace it and find the next solution.

And now it's 39K+ again, the momentum is moving upwards and chances that it's going to find new breakout. If this trend won't stop

45K is also possible to reach, another regret for those who sell it out when the correction take place. You have to face it, there's no assurance

and it's your own instinct that will guide you to move forward.

Instinct/Intuition/gut/inner thoughts = These are the things that will surely mixed up aside on your own personal analysis that do came from TA's and FA's.
Its truly a regretful thing for those who had sell off in loss when the price is going down to 31k as far as i remember where i do also have thoughts
that point of time might really be the true correction but here again, i was wrong but luckily i didnt able to sell off my position and instead
i do accumulate even more into that price point and it did pay off. Its a matter of risk taking though because if you are someone who cant
really just able to make out decisions wether you do risk or not then you wont really be gaining or losing something.

ardentvolcanoes

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Quote from: Lordhermes on January 14, 2021, 03:39:42 AM

Quote from: ?? on ??

Traders will also regret choosing not to sell at a certain price because they think the price may still go up but in fact the price has fallen, so regret should be removed by evaluating our trading and starting with new steps with new profit targets, and so on without thinking if this and that.

I can handle the regret because so many regrets had happened to me in as much I'm still the trading atmosphere, every minutes on or two traders gets regret for selling lower so you have to accept that and move on to next trade, I sold my btc at 33k thinking it would still be falling but now it's at 37k, very hard to predict the future and when it's goes against you, embrace it and find the next solution.

And now it's 39K+ again, the momentum is moving upwards and chances that it's going to find new breakout. If this trend won't stop

45K is also possible to reach, another regret for those who sell it out when the correction take place. You have to face it, there's no assurance

and it's your own instinct that will guide you to move forward.

Insanerman

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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?

Keep in mind that profit is profit. Never regret something just because 'you can earn more' yet you've already earned fine. Such pessimistic traits often tend to drive us greedy in our trades which can soon be a constant loss. Dealing with it is indeed hard, yet it is a constant lesson and a character development. As for me, I've lost more than I've earned, yet I still keep moving and learning from such mistakes. I often take a day or two of break and reflecting with such regrets, especially if the possible income is more than 10x of what I've got. But still, it is part, and a lesson. So, being satisfied with a 3 or 5 dollar income in the next trades is fine.

Renampun

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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 will just try to make my mind aware that it is not my luck...
trading often doesn't go according to plan, I often experience this so I'm used to it. the point is we have to keep our minds thinking positively and forgetting the things that passed so that in the future we can make profits.

posi

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The best way positive way I think is best to deal with selling early regret is to have mature thinking about what happened since you don't sell at lost price everything is good cause there will always be another day with another opportunity in the market. So only have to think about the future, learn from previous mistake and ready to make good profit out of the current market after all ones cant turn back the time.

blckhawk

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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 honestly, I kinda regret this one, and not gonna lie it did happen to me many times. But I always tell to myself as long as I got a profit on it, that would be matter. I can't do anything, I don't want to grieve on it because there's nothing will change anyway so better to get a grip and enjoy the profit. Besides, you don't know what exactly gonna happen market moves in an unexpected way. You could also buy it back again if you want more profit cause it will never be too late.

Topic: How do you deal with 'Selling early' regrets? - page 4. (Read 1189 times)