Sold too damn early!! Kicking myself... - page 2.

Lanatsa

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Quote from: RealMalatesta on August 24, 2019, 12:39:14 PM

Quote from: btcmegastar on August 23, 2019, 05:49:41 AM

That's how the market situation after buying suddenly the prices will drop and which we need to wait for the market recovery. Sometime after our selling suddenly the market starts recovering, so we need very careful with the market and we should always try to save the fund when we make some profit.

There is one thing that I just use to tell people that they cannot have every profit in the market and whatever little profit that they make, they need to just be contended with it and rather than complaining of not getting higher, they should think of how they can multiply that little one they get.

I have a friend that started with little and was taking small profit, as he takes small profit, rather than spending it, he was compounding it and using it to buy more volume till his coin base increased to become big that he can now trade with large amount, but during those times he was trading also, I am sure that he would have also missed some large opportunities, but rather than biting fingers and full of regrets, he was busy accumulating the little he was able to catch.

This should be how on the things that be on mind.No regrets even on getting small portion of profits of our trades rather than on having a loss.
yet you can do make compounding and it can possibly go even bigger.Looking back for wasted opportunities would just stress you out and would help
to feel some negativity and do distract you into your trades.As long you are making profit then its considered as okay.

RealMalatesta

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Quote from: btcmegastar on August 23, 2019, 05:49:41 AM

That's how the market situation after buying suddenly the prices will drop and which we need to wait for the market recovery. Sometime after our selling suddenly the market starts recovering, so we need very careful with the market and we should always try to save the fund when we make some profit.

There is one thing that I just use to tell people that they cannot have every profit in the market and whatever little profit that they make, they need to just be contended with it and rather than complaining of not getting higher, they should think of how they can multiply that little one they get.

I have a friend that started with little and was taking small profit, as he takes small profit, rather than spending it, he was compounding it and using it to buy more volume till his coin base increased to become big that he can now trade with large amount, but during those times he was trading also, I am sure that he would have also missed some large opportunities, but rather than biting fingers and full of regrets, he was busy accumulating the little he was able to catch.

South Park

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Quote from: Kemarit on August 08, 2019, 11:03:11 PM

I guess everyone goes to this 'growing pains' of selling too early. Anyways, don't be greedy and let this be a lesson to you. Don't sell out of emotions (boredom), as much as you need to have a good entry point, you also need to put up a exit strategy as well so that you won't regret even if you sold early.

So don't be too hard on your self, at least you can a valuable experience here. As I have said, in the beginning of my trading journey, made a lot of mistakes but I just keep on going. So good luck to you and for those noob traders, if ever you made the same mistakes, you don't need to go and bitch around. You just need to stay focus because this is a game.

Correct, but any successful strategy should also have a way to get back in the market in the case you sold too early and the positive trend continues, if the strategy that you are using does not have a way to do that then it is incomplete and the strategy should be changed, it is my experience that the most successful strategies have several ways to get in the market and out of it, this gives the trader the flexibility that he needs especially if he is trading very short time frames where as we know the price can move in a very abrupt way.

btcmegastar

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That's how the market situation after buying suddenly the prices will drop and which we need to wait for the market recovery. Sometime after our selling suddenly the market starts recovering, so we need very careful with the market and we should always try to save the fund when we make some profit.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Janation on August 17, 2019, 11:25:06 PM

This is normal to be honest since we are dealing with the most volatile investment in the internet or maybe in the world. The best thing to do here is to not stick with the losses you have but how will you be able to deal with those losses. Taking track of the losses you have, making strategies to be able to ready yourself in the future changes and holding yourself as an investor.

I think being regretful only leads to the downfall of a budding trader. We tend to become critical of our actions after performing them. We never look back at that point when we took that decision to buy or sell.

Point is that we had made a decision and thus we should regret it. If there has been mistakes made then they should teach the trader how to prevent them. We tend to waste time on thinking too much about what-ifs and not how to improve or how to rectify mistakes. I think that is more important to any trader as well as going to fundamentals.

guoyu78

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Quote from: Janation on August 17, 2019, 11:25:06 PM

Quote from: ?? on ??

I think most traders often experience this, feeling sorry after making a sale because the coins they trade increase after he makes a sale. this can be considered reasonable in crypto trading because not only one or two people make a sale so that after making an automatic sale the trading volume increases

Not feeling sorry but feeling the regret of selling too soon.

This is normal to be honest since we are dealing with the most volatile investment in the internet or maybe in the world. The best thing to do here is to not stick with the losses you have but how will you be able to deal with those losses. Taking track of the losses you have, making strategies to be able to ready yourself in the future changes and holding yourself as an investor.

Many people likes to hold on to the past too much and we need to always understand that past is past, and there is absolutely nothing we can do to take back the hands on time, we can only learn from our mistake and hope it never happen again.

I am sure that now, the OP would have leaned and when he sees such opportunity again, he will know how to strategically manage it because sometimes, he could make that same decision and would be the best because market cannot be predicted and since we are not gurus to always know the movement of bitcoin, we cannot blame ourselves for it, we can only try, so we just need to be content also with what little we make from the point we sold, even if it became higher, at least profit is still better than losses.

Janation

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Quote from: ?? on ??

I think most traders often experience this, feeling sorry after making a sale because the coins they trade increase after he makes a sale. this can be considered reasonable in crypto trading because not only one or two people make a sale so that after making an automatic sale the trading volume increases

Not feeling sorry but feeling the regret of selling too soon.

This is normal to be honest since we are dealing with the most volatile investment in the internet or maybe in the world. The best thing to do here is to not stick with the losses you have but how will you be able to deal with those losses. Taking track of the losses you have, making strategies to be able to ready yourself in the future changes and holding yourself as an investor.

cheezcarls

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I understand the feeling of that mate, as I have the same feeling as well of selling too early.

There is one token that I've sold too quickly because I have no more faith in them after waiting months in getting them to an exchange. I did made only good profit there, but unfortunately after that, the price keeps spiking as I didn't wait.

It's because I'm rooting more on Bitcoin than altcoins (because it's still Bitcoin dominating the market and altcoins are not that big enough in increase or decrease). It's unpredictable when will these coins pump or dump anytime of the day, so that's what I thought.

Anyways, it really happens for all of us as it's too hard to predict if it goes up or down tomorrow.

princerepon

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Quote from: Mr_Akbar on August 08, 2019, 08:45:32 PM

I decided to sell today out of boredom...
The second I did, the price shot up like a rocket ship! 🚀
I KNEW this shit was rigged.

[-snip-]

Here's my plan to do better:

1. Continue journaling every trade.
It's kind of a pain in the ass, but SO valuable.
I journal my entries and my planned profit/stop loss.

2. Take it one step further.
I write down why I bought in the first place.
What did I see that looked so juicy?

3. If I want to sell early...
I have to be sure I can write down what changed.
What new information did I see that made a difference?
If I can’t, then I stick to my original plan.

Tweaking my strategy and holding myself accountable is how I continue to raise the bar.
If you don’t have a trade journal, why the hell not?

It's really bad thing when it's happen on trader. Personally i also make mistake like that, actually couple of times i did. But really it doesn't matter. Cause in many trade i saw i sell all of my coins and few days later coin price really dump badly. We just remember our fail things but don't remember that things going to be ugly than that. It's all just a part of trade nothing else. Wink

wildflower18

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Quote from: ?? on ??

we to place many trades daily obviously all will not go in same and volatility and time also depends on when we place trades and we have keep our stop-loss tight and wait with patience

Patience is we need when we trade but we should not sell early because of boredom. Actually we experience this mistakes selling early and did not think that in a span of time price could jump. By having stop loss we can minimize losing our funds.

hahay

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Well, at least we have to understand a process for something that is expected, so that we have a struggle to achieve success, selling too fast at least it is a panic because there might be something chaos that makes you sell too fast. So, try harder and be patient when a crash occurs, because after all you will still get a good profit if you are able to be patient because the price will at least recover even though it is not a high recovery.

sana54210

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I think in order to avoid this you have to really know when it will peak and that is not really something you can manage, nobody really knows when it will peak hence we are all selling too soon until now, some people sell at the right time to buy cheaper and make profit that way and some people buy cheap sell high and get out but at the same time considering there is a chance bitcoin can go above 20 thousand dollars, whoever sold until now might have sold too early.

This is the simple reason, I think nobody should be sad about selling too early, we all sold too early until we know for certain bitcoin will never go above 20 thousand, anyone who sold under 20k right now is a loser by this logic and you would get cold from trading and would not even chase your losses or invest again to make more which would hurt the economy.

Oilacris

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Quote from: LogitechMouse on August 17, 2019, 08:55:20 AM

Well, patience is virtue as they said but as long as you got profit then it is good.

In trading, patience is one of the key attitudes that you must have if you want to get profits. You sold your tokens out of boredom Cheesy

. What a funny action but did you see the consequences of trading using your emotion Cheesy

. I hope you've learned your mistake here and don't do it in the future.

Everything is positive can be considered good no matter how small it is as long you didn't loss amount.You would really feel that regret when you sold early and see the price had risen up but don't worry since there would still be lots of chances similar to this.

At least you do learn on your past experience and do apply it on your future trades.Just move on and do be patient next time.

LogitechMouse

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Well, patience is virtue as they said but as long as you got profit then it is good.

In trading, patience is one of the key attitudes that you must have if you want to get profits. You sold your tokens out of boredom Cheesy

. What a funny action but did you see the consequences of trading using your emotion Cheesy

. I hope you've learned your mistake here and don't do it in the future.

akram143

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Quote from: shoreno on August 17, 2019, 04:56:58 AM

Quote from: SquallLeonhart on August 17, 2019, 03:51:36 AM

It is not a shock since bitcoin does wildly fluctuates all the time

fluctuations are not shocking but seeing someone else regretting because he solds early is not also new . the op isnt alone with his problems because hello ? no one in this world is perfect and can predict the price accurately .

the unexpected thing will always happen by the time that we already disposed our coins .but anyways i like the idea of the op because he keeps track on whatever he did on the past while most of us dont do these kind of stuff's

When someone doing trading as their profession then it is important thing to note down how much we are making and how much we are losing and also the expenses while doing trading this will be helpful to calculate the net profits from gross profits but many traders failed to do which makes them to realize that they are not in profits even if they do many profitable trades.

shoreno

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Quote from: SquallLeonhart on August 17, 2019, 03:51:36 AM

It is not a shock since bitcoin does wildly fluctuates all the time

fluctuations are not shocking but seeing someone else regretting because he solds early is not also new . the op isnt alone with his problems because hello ? no one in this world is perfect and can predict the price accurately .

the unexpected thing will always happen by the time that we already disposed our coins .but anyways i like the idea of the op because he keeps track on whatever he did on the past while most of us dont do these kind of stuff's

SquallLeonhart

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It is not a shock since bitcoin does wildly fluctuates all the time and it is something we are expecting bitcoin to do, we can also say that buy here because it will go up once again. If you buy right now (even market buy would be good you don't need limit buy at these prices) you can later on sell it for anything over 11k dollars, you can put a sell order at 11.2k and just go back to sleep and wait for it to reach those levels, that won't make you a lot of money and not many people are brave enough to leverage it like crazy since we don't know if it will go down a tiny bit to liquidate all longs but in the end if you have enough money having an investment move 5%-10% is a good return of your investment and any regular trader would accept such a quick good profit.

juperos

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Don't be so sad, new people like us often make big mistakes. But we need to overcome it to be more successful in the future.
and sometimes, it is a great motivation for you to have more will in trading.
Don't be discouraged and keep taking measures, I believe you will succeed.

michellee

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Quote from: ?? on ??

I think most traders often experience this, feeling sorry after making a sale because the coins they trade increase after he makes a sale. this can be considered reasonable in crypto trading because not only one or two people make a sale so that after making an automatic sale the trading volume increases

Yes, we have the same experience. I got another experience a few days ago. I sold some of my altcoin and bitcoin, but then in yesterday, that coin has increased higher so I cannot do anything except watching the price go to the higher price. I don't regret to sell too quickly because I know my capability to analyze the market, and I don't have a 100% prediction that will work in trading. So I only accept my profit, even that is a small profit, try to buy another low price and sell another higher price.

Mpamaegbu

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Every trader has experienced this, I can tell you that. I once sold a coin for $3 only for the coin to spike to $30+ within a month. I nearly died of regret. Till today I still remember that incident and the coin still hasn't gone down since then. But what can regret do for anyone, except to cause more regret? It doesn't solve the mistake or impulse of early sell off. Rather we should learn a lesson from it and move on. Now I predetermine my TP region even before buying a coin. I set the TP and allow it trigger even if it takes more time than necessary.

Topic: Sold too damn early!! Kicking myself... - page 2. (Read 853 times)