Topic: How I handle crypto regret - page 3. (Read 3471 times)
Great therapy for the emotion attached to online trading, grate write up Thanks my Bro. As far as trading and investment online is concerned there are abound to be mistakes and actions to be regretted,nobody is perfect and exempted as far as this emotional laden torture is concerned. The worst is that what has been done you can not correct it because it is already past. But what we do not know is that the opportunities or trading point repeats themselves all you have to do is gird up your self if an opportunity is missed and get ready for the next one. Worrying or destroying yourself will not change anything.In my own case I know that another chance will come so I do not allow such mistake to disturb me.
Thank you for sharing, I believe many people experienced regrets in crypto market.
IMO, regretting only hinder our progress. Lessons should be learnt, got over and move on. In this case, we will be able to achieve more.
IMO, regretting only hinder our progress. Lessons should be learnt, got over and move on. In this case, we will be able to achieve more.
Forget about it and do not think too much about those projects. In my opinion, do not think about the past, forget about what happened to us, so you will succeed.
You can’t really escape crypto regret if you’re an investor bacause trading is like gambling, you always dont know what will be the results.
In my opinion to face cryptocurrancy regret, I think you must learn to control emotions, forget how much money is lost or won, and try to focus your next decision. Make it for your lesson so you can think about how to avoid future mistakes.
In my opinion, you should forget about them, as they will make you think a lot and have a headache, so forget about the past and live with the present and improve your knowledge to get big profits in the future.
Regret is an inevitable state of mind in crypto at one point or another:-
why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.
I have a couple of strategies here to help me dampen the feeling of regret.
1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.
If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.
Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.
2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.
Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.
Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.
Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.
I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.
if you want to regret dont you ever enter on that situation if you dont no how to handle it, if you want to trade without regret must be wisely why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.
I have a couple of strategies here to help me dampen the feeling of regret.
1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.
If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.
Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.
2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.
Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.
Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.
Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.
I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.
I don't think too much about it, I just think about the worst case scenario and console myself, get my mind busy with something else and get happy. Have had a lot of sad experiences with handling crypto and I think I have learnt to manage it, even in trade it is adviced to never go allow in at all times, that way one will be able to manage portfolio without regret
Sometimes just dont think too much and it will help ease the pain away thats just my advice man
I pretend I'm the underdog with forces of the universe actively trying to screw me over. That way I can be a super hero of sorts fighting the evil enemy of the universe as it screw me over and makes me lose my money in crypto. It was either that or heroin. I even trade with a cape and mask on as well. Wife said I get the utility belt for Christmas.
Regret is an inevitable state of mind in crypto at one point or another. If you make a mistake than it lead you to a feeling of regret and self admonishment. So first need to remain calm. Cool mind can take a perfect decision. If you are in profit then think when you need to stop or exit. If are in lose then think how much can you afford. Never think for what is already past. Think at the moment and market.
Regret is an inevitable state of mind in crypto at one point or another:-
why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.
I have a couple of strategies here to help me dampen the feeling of regret.
1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.
If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.
Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.
2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.
Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.
Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.
Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.
I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.
why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.
I have a couple of strategies here to help me dampen the feeling of regret.
1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.
If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.
Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.
2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.
Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.
Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.
Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.
I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.
Those regrets are super relevant to today's market and there are also useful points we can all read and associate with. Thanks for sharing.
Everything comes down to experience. The more you trade the better you understand the swings and the better you deal with regret, or > the less you need to deal with regret. Thanks for sharing.
Its not good to have regrets after selling off your coins. Its not necessary to have regrets as the deeds have been done in my opinion. You must learn how to be disciplined and also, you must move on as soon as the conditions of your investment/trade are met and achieved.
Are sorry for is usually composed of your lifetime day-to-day exclusively for anyone who is doing the job through crypto foreign exchange generally you possibly can expertise most of the regrets although these regrets would you find some expertise to help the practice to your account to figure tricky your livelihood avoiding regrets.
You can't overcome regrets if you don't want to do something and always jump into conclusion which your mind say. Try to do searching and learning because i believe it will help you to understand many things and if you understand already, your regret will vanished away and turned it into positive thinking without regrets.
Some good thread to help at this time of market crash, The crypto market is full of such, you miss you regret, you enter and lose you regret, so much to be unhappy about but I think the mindset is to always accept the present situation and move one, learn the lessons but know that as long as you still have your capital at had, shouldn't have much to regret
Handling cryptocurrency regret is somehow hard to handle but think about it as a challenge that you need to survive and to learn from your mistakes, from that you can use as a advantage because you learn the things that they not learn or experience.
Well you might loose at times just because of your own faults and this is regret no doubt but you should rather use that experience to make future decisions and that will decide your future profits. Having said that, you can maximize your profit and re-earn the money you have already lost by staying focuses and organized. Once you understand the market and make rational decisions about what and when to buy, you would be well off than before and this is something you learn slowly and gradually.
Handling cryptocurrency regret is somehow hard to handle but think about it as a challenge that you need to survive and to learn from your mistakes, from that you can use as a advantage because you learn the things that they not learn or experience.
In my own opinion, it was not easy to handle regret because the market prices are always changing so it was better to always have good information before selling or investing.
It's a long journey and we need to face problems and challenges along the way because that will make us mature and will help us to make good decision in the future.
Handling cryptocurrency regret is somehow hard to handle but think about it as a challenge that you need to survive and to learn from your mistakes, from that you can use as a advantage because you learn the things that they not learn or experience.
In my own opinion, it was not easy to handle regret because the market prices are always changing so it was better to always have good information before selling or investing.
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