How do you deal with 'Selling early' regrets? - page 6.

wxa7115

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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?

This is simple, if you are selling too early then that means that you are a trader right? You need to have several things very clear if you want to have what it is called a complete strategy, and three of the most important aspects are an entry strategy, an exit strategy and a reentry strategy, the entry and exit aspects of a strategy are self-explanatory but the reentry part of the strategy refers exactly about the problem many traders face several times during their career.

If you sell too early you are going to watch the asset you had to keep going in value, that is when you must simply accept that you made a mistake and get back in the market, and to do that you will have to use your reentry strategy.

vella85

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I suggest something that has worked for me over the years and that is sell a little each time as the price starts to go up as its very hard to predict the top of the market and at least you know that you have taken profits along the way. So its like dollar cost averaging when you buy say Bitcoin instead of investing a large amount of say $20k and buying 1 Bitcoin where as you could invest say $250 a week and you would end up with more as there are dips in price and the same goes for when selling. You can sell small amounts riding the wave towards the top. I hope this makes sense and helps you out.

fullhdpixel

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Quote from: AakZaki on January 09, 2021, 01:22:06 PM

when it's lucky don't ever regret don't be too greedy. If the price has doubled and the trend indicates the price will rise, just look for the bounce to increase the profit. Use technical analysis to predict where the price will go. Regret won't make a profit, take profit and make profit again. Don't become a loser by constantly lamenting your regrets without taking any action.

No matter how positive you think but as a trader myself I know how it feels when you sell your coins at a cheaper rate. It feels horrible and it feels like killing ourselves specially when you waited for so long and just when you sell it, the price starts to rise. You are right regretting all the time is not going to help and we need to take positive actions but its not easy to forget about such loses and sometimes we hold coins for too long thinking about past experiences.

I would say it is part of life and trading so one should just not think too much, not easy for sure but just remember that you at least have not faced loss.

crazy-pilot

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What can be done here? You are talking about mistakes. How do you yourself tolerate your mistakes?
I only see two options. If you sold according to your plan, don't worry. If you sold out of fear or greed, then it is worth considering why you were scared and why you did not have a specific action plan.
What happened - what happened, we cannot change this. But we can do something today that would change our tomorrow.

PolassSs

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sujonali1819

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This one is the most common scenario in my crypto life. I always a false decision and regret after that. So how I manage it? when I see that I take a early decision but I was in profit that time. It's normal for me to deal. Because I think I was in profit that time. And I don't regret more when I lose something because I already able to manage myself after losing again and again in crypto life.

But when I early take a decision and sale my holding in lose. I regret more in this case and think it was my guilty and should be changed next time.

But I can not find the NEXT TIME ever. LOL

AakZaki

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when it's lucky don't ever regret don't be too greedy. If the price has doubled and the trend indicates the price will rise, just look for the bounce to increase the profit. Use technical analysis to predict where the price will go. Regret won't make a profit, take profit and make profit again. Don't become a loser by constantly lamenting your regrets without taking any action.

shinratensei_

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I just forget it and move on. i have sold a few bitcoins @33k for each and then it goes to the 40k right now. You can imagine how much should i got from my bitcoin when im selling it right now.
There's no reason to argue if im making the wrong decision because i have been making a decent profit from there.
Just try to take another opportunity from the altcoin market. My life must go on

Hippocrypto

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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 would stay calm despite of pressures experienced particular these days of bullrun. We need to have courage in order to survive and acquire more potential gains when holdings reached the top value. Regrets isn't avoidable but if you think smartly, buying back is a good options just to cope up with future pumps.

dimonstration

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Quote from: Ucy on January 08, 2021, 11:47:29 AM

One of the easiest ways I'd deal with this is to spread my funds between holding longterm and regular trading. If my trading funds misses a bull run, my long-term fund benefits. The last thing you'll want to do as a trader is to be consumed with regrets during trading.

Setting short term goal can ease the regret, I did sell early and regretted it especially the price reach more that 42k dollars now, but the time I do watch the market and plans to monitor it to sell and hold is depressing since the price is too volatile there are points that it keeps increasing when you watch it and suddenly will decline when you're not around and busy. At this point what important to consider is the fact that profit is profit and it's a reward for having BTC before this bull run happen. There's always a time to do short term trading and when price seems to drop a bit buyback can be an option provided you'll have time to monitor it.

Ridwan Fauzi

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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 get used to trade on future trading because I can see or even I can count how many profit that I got directly, different with spot trading which I should count first to know how much profit that I got.

As for your concern, actually I use money that I can afford to lose and never take a decision to choose high leverage. So, when I trade I'll be comfortable in any situation, include honestly I never sell if my target haven't been achieved, it means I never sell early as you asking.

Because I'll have a stop lose feature that can keep my capital getting liquated. These things always give me a good return, yeah I'll compare when the first time I came to trade, selling coin when I bought a coin in five minutes or less it is often to happen, but now I have realized it.

Cshankles

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In order to make it in this world you have to just do it and move on. If you regret and look back it will keep you from moving on the next time. You can not advance this way.

Mahanton

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Quote from: Ucy on January 08, 2021, 11:47:29 AM

One of the easiest ways I'd deal with this is to spread my funds between holding longterm and regular trading. If my trading funds misses a bull run, my long-term fund benefits. The last thing you'll want to do as a trader is to be consumed with regrets during trading.

Good plan and I had done the same on where it can somewhat ease the regrets you do have in mind when you do miss out those money making or profit opportunities.
Don't really get tied too much into your emotions because this is one of the most common factor that do really affect someones decision making skills.
Dealing with it might not really be simple or easy but can really be likely to be controlled with due experience and awareness of the situation.
Selling early is common due to unpredictable market but you should think that you had make out some money and that's what we do aim since from the start,.
there nothing for you to regret on.

Ucy

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One of the easiest ways I'd deal with this is to spread my funds between holding longterm and regular trading. If my trading funds misses a bull run, my long-term fund benefits. The last thing you'll want to do as a trader is to be consumed with regrets during trading.

maydna

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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?

Just accepting the result because we can't feel regret too long. I am sure we will have a chance to sell at another high price. It is normal if we sell early before the price increase higher, but as long as we can reach the target price that we set before, we don't have to regret too long. That means, we need to learn more details, so we can know where the price will go or at least, we can make a target sell price closest to the higher price. It will need more learn and practice to have a better analysis, and I think many people do that over and over. So you are not alone by selling early, so don't feel bad or regret about that.

The Sceptical Chymist

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Quote from: n0ne on January 07, 2021, 06:26:40 PM

I find it hard to deal with such regrets.

Yeah well, I've learned to let those regrets go. I mean, come on--how the hell was I supposed to know bitcoin would go as high as it has so far in 2021? And hell, I got rid of plenty of bitcoin back when it was only a few hundred dollars/BTC. If I kept thinking about how wealthy I'd be, it'd turn my hair white overnight (assuming I hadn't pulled it all out in a fit of rage).

Nobody here can predict the future, so give yourselves a break if you sold out too early. A lot of bitcoin traders--and even long-term hodlers--did just that, and I'm sure a lot of them are kicking themselves for not holding just a little bit longer.

n0ne

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I find it hard to deal with such regrets. One day back it happened with my ethereum. My target for ethereum was $1000, and further expected price correction. Taking it into mind I sold it for $970. I don't know what to do, the price kept marching forward. All of the sudden it crossed $1100. I don't know what to do, I've missed the train. Had patience and stood for the price drop, nothing happened and today once again bought ethereum with what is available at the price $1260.

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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?

Never look back and just think off into the profits you had made when you do make such sell decision.If you do keep on having this kind of regret on missing out those possible big profits
then that feel of anxiety wont really be removed on someones mind.

Never let yourself get distracted into these things because this will just result into bad decisions since theres something boggles up on your mind.In next move, you might be holding
a lot more longer for the belief that similar situation might happen.

Selling early regrets is common but you should think up positive that you had make out some money and that what matter most.

livingfree

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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?

Mate, I just forget it gradually.

There's nothing we can do with those early sell-offs that we did. What we can do if we still have some in our own stashes, keep holding. We learned the lesson that it's never that late to hold and if you sell, don't regret it.

That's the way how we must deal with those early dumps with our bitcoins. And if you can still buy with your extra cash, that will make you feel better to recover at least with your money.

Pearls Before Swine

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If you've had interest in or owned any bitcoin for long enough, you have probably experience emotions like this. And how do you get past regret for selling too early? Just let go of those thoughts, forget about what could have been, and focus on all the profit you have the potential to make during this bull market. Doing anything else is just a waste of mental energy and will sap your happiness like nothing else.

And if you are in a situation like that, you're in good company I'd add. Who knows how many people got burned in 2017 when bitcoin started to slide and the burned ones thought it was the best time to buy? There were probably hundreds if not thousands of them. And as I say that, it's also a warning not to get too excited about bull markets like the one we're in. Bitcoin might yet have a ways to go, but be careful when you're buying something that's at its all time high.

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