Topic: It's ok if your profits are less - page 8. (Read 2005 times)
No one can say what will happen in the future so it is always better to reap your profits when it is available, don't want for the prices to reach all time high because you can never sell coins at perfect peak, it may happen if you are lucky enough.Always have low profit margin and sell your assets when you have reached that value and keep doing the same thing again and again.
What you did is fine, as long as you gain from your investment it is always good hence dont feel bad seeing the price increased right after you sell. I have a coins that im holding for two years came from bounty, the price year 2018 is quite high but I missed that chance to sell since I didnt had the rewards yet at that time. Then the price slowly decreasing but I chose to hold hoping the price will went up again but it didnt happen. Now im still waiting for an increase, though I didnt use capital to have it, im fine selling it if the price increase a bit.
If that coin is consistently falling through time, I guess it might continuously fall down to its death.
Unless it is one of those stable coins that has a chance to increase though I am not saying that it won't increase anymore. Most of the coins I hold for more than 2 years fell slowly down amd I am still checking it right now and it is still falling down right now. Luckily I sold it last year.
What you did is fine, as long as you gain from your investment it is always good hence dont feel bad seeing the price increased right after you sell. I have a coins that im holding for two years came from bounty, the price year 2018 is quite high but I missed that chance to sell since I didnt had the rewards yet at that time. Then the price slowly decreasing but I chose to hold hoping the price will went up again but it didnt happen. Now im still waiting for an increase, though I didnt use capital to have it, im fine selling it if the price increase a bit.
The same thing happened to me almost two days ago I had 50,000 doge and sold it at 26 Satoshi = 0.0125 BTC and then about a day or two later I was surprised that the price of Doge rose to 52 Satoshi means almost double if I sold it at this price i would get 0.025 BTC.
Of course, I was sad at first, but then I forgot the matter. These things always happen in the Trading world, and they should be ordinary things and you shouldn't think about it so much.
That's why most of us Handle our currency in longer time.Of course, I was sad at first, but then I forgot the matter. These things always happen in the Trading world, and they should be ordinary things and you shouldn't think about it so much.
Because i don't wanna blame myself selling for lower price when in the next weeks or month the Value will grow higher that i will regret after.
There must be profit and loss in trading Sometimes it'll be far more and sometimes it'll be less nobody can give accurate information about when the market will rise therein case if there's a loss we'll be ready to reduce the quantity of injury by analyzing it well later. Therefore to become a successful entrepreneur one has got to attempt to move forward by using one's skills without analyzing the quantity of profit and loss which helps us to possess a bright future.
This is what trading means mate,we must lose sometimes to prove that the market is legit and Healthy.We must win in sometimes to recover the lose and continue our living having cryptocurrency.
There must be profit and loss in trading Sometimes it'll be far more and sometimes it'll be less nobody can give accurate information about when the market will rise therein case if there's a loss we'll be ready to reduce the quantity of injury by analyzing it well later. Therefore to become a successful entrepreneur one has got to attempt to move forward by using one's skills without analyzing the quantity of profit and loss which helps us to possess a bright future.
I had been holding 1000 Eidoo coins since a few years and was wishing the price rise high so that I make a hefty profit out of it.
But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
When you are feeling bad that you sold at a lesser price, remember you have waited a long time.
Remember you didn't loss.
Remember you have prayed for an increase.
Remember the profit would have been reinvested in another investment.
Remember it would have gone down below after you sold.
Bottom line, you took a decision you wanted at the point or moment.
Move on and be happy with your decision.
Profit more or less It is not important to acquire trading skills because the purpose of a skilled trader is to reduce the amount or possibility of loss as a result of proper experience and application of skills. Every trade has a profit-loss and a skilled trader is one who can avoid the possibility of loss. Even if your profits are a little low, if you can protect yourself from losses, you will become a successful trader. By trading with a view to different aspects of market analysis, you can manage your profits big by minimizing losses, and sometimes you have to trade efficiently, even if the profit is small.
The same thing happened to me almost two days ago I had 50,000 doge and sold it at 26 Satoshi = 0.0125 BTC and then about a day or two later I was surprised that the price of Doge rose to 52 Satoshi means almost double if I sold it at this price i would get 0.025 BTC.
Of course, I was sad at first, but then I forgot the matter. These things always happen in the Trading world, and they should be ordinary things and you shouldn't think about it so much.
Of course, I was sad at first, but then I forgot the matter. These things always happen in the Trading world, and they should be ordinary things and you shouldn't think about it so much.
As long as you have set a target where you're comfortable with the profit, then that would be fine, since nobody knows when will an alt will pump or dump. As far as I have noticed, Alts are easier to be manipulated resulting to the pump and dump group than Bitcoin. So, you need to have a very high risk tolerance when you're aiming for bigger profit.
Anyway, consider it as a bonus If you have cashed out double with your target.
Never forget that, It's the greed that makes someone lose everything.
When it comes to intensity in talks of profits then nothing beats out with Altcoin since these are low cap and low valued ones which means multiplier on said possible pump manipulation will really give out that kind of profits that cant really be attained nor achieved if we do deal up with Btc or other top alts in the market. People are just way too greedy when they do still regret that they had sold earlier which they didnt think of to be grateful on the money that they had gained on doing such decision compared if they do let themselves decide when its already too late. Accept as it is and then repeat the same process.
As we can see from this topic, a lot of people had one time or another managed to sell at a profit that went out to be a bigger profit if they waited. This is not the bad way, this is actually the only way that bitcoin could be all profit and no loss for people. When you are trading everyone thinks that "in order for someone to profit, another one has to lose" and that is not true, let's say you buy bitcoin at $9.2k right now, and you sell it at $14k, and the person who bought it sells at 18k? That means both of you made money.
Obviously, it can't continue forever so it will have a hard time not to have a loss, but between the two of you that started the initial trade, you guys both made a profit. Hence, why I think there is really no reason to be upset about not making more profit as long as you made some profit.
Obviously, it can't continue forever so it will have a hard time not to have a loss, but between the two of you that started the initial trade, you guys both made a profit. Hence, why I think there is really no reason to be upset about not making more profit as long as you made some profit.
Just try to do technical analysis by turning off news or panic trading, if you do the technical analysis you will be able to catch the signal at least near the correct entry-exit point, then if you can't take max profit then you can take 60% to 70% profit. Happy trading.
You won't know what will happen next. It's good that you were able to sell some for profits. Don't regret any of your actions as you can trade again that coin if you want to add it to your portfolio list.
We can't determine what price should be considered as a "peak" therefore we have to rely on our own observation and analysis for that. What should be the next thing to do will be based again on your own analysis starting from the question, "Is this coin really worth trading?"
~snip~
Not greed but instead a wise trader, being contented with small profits gives you much higher chance to
continue gaining with your investment,.
That's extremely a good mindset if you are a good trader. A wise trader and being contented even if that is a small profit and yes, even that is a small profit that you've obtained, considered as a profit. Not greed but instead a wise trader, being contented with small profits gives you much higher chance to
continue gaining with your investment,.
OP did a good decision, though OP missed the higher amount I think that is far better because OP cans till able to get profit even though the coin he had was almost dying and maybe become a shit coin. I can consider that OP was still lucky.
Learn to be contented and be patients at all times. Make sure you will never sell your investment coin under the price you've been purchased.
Hey Buddy, what you really did was "Lucky trading" this type of trading is emotionally attached, no plan to foresee the future. If you might have gotten little loss, you won't have come here to give testimony rather you be in your room crying alone.
That's not how it's supposed to be. There are some necessary self questions required, what behind Eidoo that attracts you to their coin to hodl.? Is there any new developments? did you observe trading strategy on the chart? If these weren't in your thinking, then you probably got the little gain in lucky way.
That's not how it's supposed to be. There are some necessary self questions required, what behind Eidoo that attracts you to their coin to hodl.? Is there any new developments? did you observe trading strategy on the chart? If these weren't in your thinking, then you probably got the little gain in lucky way.
I had been holding 1000 Eidoo coins since a few years and was wishing the price rise high so that I make a hefty profit out of it.
But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
This same logic applies to everyone within the Crypto ecosystem take for example the person who shopped with a couple of Bitcoins in 2009 for few cents will forever be in regret as the price of Bitcoin was so high few years back, it is good you made some profits on the long run.
The same thing happened to me almost two days ago I had 50,000 doge and sold it at 26 Satoshi = 0.0125 BTC and then about a day or two later I was surprised that the price of Doge rose to 52 Satoshi means almost double if I sold it at this price i would get 0.025 BTC.
Aside from TikTok news, not sure what makes investors or traders to fomos buying this coin, with that timing it's really annoyingto see but you ain't sure that it will happened haven't got any ideas that investors will buy that news and
start pushing the price up.
Of course, I was sad at first, but then I forgot the matter. These things always happen in the Trading world, and they should be ordinary things and you shouldn't think about it so much.
Indeed, this kind of situation is not new to this market, the volatile nature of this business plus the whales who loves working with traders emotions.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
This type of situations happened with me at least 5 times in this years and my condition was just like you.Till now, I usually do bounties and get some payments and all are well known that every bounty tokens sometime dump in a large range after the distribution/listing. So, i trigger to sell off my tokens in part by part to make some profit as well not to dump the token. After some days or weeks of selling that tokens ,it's started to pump and i also speculated that it would do so. But i already sold that. That's why it's better to hodl if anyone in low profits. (It's only for real projects ,not for the shit projects which are just dumped after listing. ) If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
Many of us will not feel the same way.
The good part is you overcome the regret.
Thats correct because our level of understanding can not be the same and in the OP situation he sold less utility token for utility coin which i believe is a well decision.The good part is you overcome the regret.
That is still 1.2 ETH which is still a good number when converted.
But, when you feel there is already profit you does thing at your own instinct.
You still did well. Congratulations.
I think the OP is somehow fond of the token and selling it when the price is not much high make him somehow regret. But, when you feel there is already profit you does thing at your own instinct.
You still did well. Congratulations.
Many of us will not feel the same way.
The good part is you overcome the regret.
That is still 1.2 ETH which is still a good number when converted.
But, when you feel there is already profit you does thing at your own instinct.
You still did well. Congratulations.
The good part is you overcome the regret.
That is still 1.2 ETH which is still a good number when converted.
But, when you feel there is already profit you does thing at your own instinct.
You still did well. Congratulations.
This is called a good trader, because it appreciates whatever profits are made. We don't need to make big profits to become successful traders,
the most important thing is that you can make a profit even though it is small.
the most important thing is that you can make a profit even though it is small.
Profits still a profit, whatever amount you've gained from each trading position that you take, if you earned
something its considered as winning trade.
If we have no problem getting a small profit, that means we are has managed to control emotions so as not greedy. That's something good to achieve.
Not greed but instead a wise trader, being contented with small profits gives you much higher chance to
continue gaining with your investment,.
...So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
One successful trader explained his profit in trading by always closing orders early. Today you got a profit and should be happy about it. After all, everything could have turned out differently, and today the price could decrease and you could get a loss from such a transaction.
I am not at all saying OP made a mistake by selling at 0.002 eth but since the price moves up he could have waited a little longer and if it started to drop then that is the best time to sell. It's like you hold an asset for long time and when the time came to cash your trust you just cashed it too early. So, yeah while you made profit still you should learn a few market tactics like never sell a coin that is moved up recently and when a coin is going don't just buy it until it touches bottom and starts getting up again.
This is all theoretically true, but the practice is sometimes quite different. I have often come across the fact that the price of a coin after a strong growth also fell strongly and quickly in price. Each trader solves this problem independently in order to sell at high and buy at low.
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