Topic: Sold too damn early!! Kicking myself... (Read 862 times)

Most cryptocurrency traders feel the same way you feel, feeling down and regret when you've just sold and the price skyrocketed ... Don't be sad or depressed but feel more optimistic and accept it because it is your decision anyway, don't regret it or be depressed about it because it can't solve your problem, just learn that lesson, continue your analysis , keep a journal as you speak.

Next time continue to be patient, don't make the same mistake, stick to the plan and take steps, I'm sure you will succeed.

I feel a bearish move is coming in soon before you know it. Better keep a hold on buying or selling at this point and see how the market moves this weekend. If the bears are getting more power then there may be a temporary crash opening up a good buying price for any trader wishing to jump in the market. This would be a good point of entry and this is what people miss out on.

But dont end up buying a huge amount because we cannot predict how low it might fall. Even today morning bitcoin is green. This is just my prediction.

I wouldn't worry about that right now. Just take a look at the past 6 months. Bitcoin has recovered most of its losses since ATH, but it has still stalled in general. Disappointing for a lot of people but surely good news for guys like yourselves who sold early and wished there were more opportunities to get back in.

Well, it's here again. See how even this week the bulls are running out of steam.

I agree with him.

Better keep your patience since that is really need as a trader. In the past, I also received a lot of losses but I did not stop, I learned and starts from that again.

  The buying point is important. That would determine when they should sell in terms of making profit and how long they should hold those coins as per the chart data to be able to reach a selling point. I think these mistakes happen more with those who get pumped up about trading to become rich is a day and they dont read the charts or see recent prices but jump into buying. The OP though made the mistake of selling too early.

However I would not be disheartened by this because bitcoin price for the last month has been hovering the 9k -10k USD levels and people can cycle the money several times if they would want to.

Just thank God you didnt sell way to late mate most times people jump the train late and they pay for it or maybe some decide to hold and it really comes back to bite them so even though you didnt get much just thank your lucky star and strategize next time

Cryptocurrency is of two phase, those who sell early and laugh and those who hold to see if the price will spring up before they sell but, this happen in the two ways. I have been a victim of the two but holding is the beat option for those who can hold their tokens and coins against the surge. I bought some MB8 coins when the price was 755sat but kept my portfolios to see if the price will rise but till date it has not.

In my opinion, first of all, everything depends on when the trader buy coins.  If, for example, they bought Bitcoin in 2018, then its purchase has already paid off several times.  But we can recall those cryptocurrency users who bought bitcoin at the end of 2017 and they are still at a loss.

Yes, that will depend on their luck if they can hold at the highest price or not. If they can analyze with the right, then I am sure that they can at least predict the right time to sell their bitcoin. But I guess that will not be a problem if they cannot sell at the top price because you still make a profit from trading.

But some traders have their greed to chase more profit by doing scalping, and I see that it is only a few of them that is successful in doing that. The other trader stuck at a high price without a chance to sell at another higher price.

Sometimes you will have the feeling coming back once you realized how dumb are you in the past for choosing the path that you are taking right now. It may be a part of your life now but choosing sometimes comes with a greater sacrifice in order to survive what is most important to you today. Be thankful that cryptocurrency is there for you because it could be the last thing you might have to run in times of emergency.

There is no use to regret to sold your bitcoin too early as we don't know what will happen in the next hour. We cannot expect to see bitcoin price will be at the highest price so we can sell it on that price. The bitcoin price at the market will always be volatile, and we cannot do anything with the price except follow the price to sell the bitcoin.

We are selling the bitcoin too early because we have our reason and some of us do that because they need money for their life so no need to be sad because we can earn more bitcoin from many ways. We need to let it go and don't complain after we sold, and if we can do that, I am sure we can get a chance to buy bitcoin at a low price to be sold at a high price.

One of the laws in this business is never regret any action or decision you take, everyone had one of such experience but the consolation should be if one still sold in profit, the market could go the other way and you would be grateful you had exited the time you did

Yes, you must not hold your coin down in the market, money is meant to be spent and I would not feel regret also if I was the one it happened to, I will only feel regret if I did so out of panic or impatient depending on what the money is tied to.

I think op is a short term trader, which may be why he is full of regret because short term trader are the ones that usually look for profit to increase their coin base and after they see that profit, they tend to remove it pending when they see another dip opportunity to buy, but profit is profit, because the money would have been lying there in our banks without them adding any interest to it, so we should not regret any profit that we make from crypto even if it was possible for us to have gotten a bigger one.

If you sell to take care of a pressing financial problem and you sell above your purchase price, there is nothing to regret then. Even at the current price you think it is high will look cheap a few years now. Choose your point and sell for a reason, not for panic.

You are right, butntge wrong part.of profit taken is when you take the profit and see the price continue for where you take your profit, and this seem painful to me and regrettable in some ways.  Some years ago I was found with this regrettable situation and till date am still remembering the incident and be careful this time on how i take my profit.

Good for you, but others are not successful though, just like what the OP stated here. He wanted more profit then again, he market goes up again. Perhaps the OP is just unlucky and most of us have encounter the same experience. Nonetheless, this is a long game, patience is one key element to became a successful trader so for the OP just keep going and eventually you will get what you deserve.

All you need is patiene. I sold at 10,012 and 10,090 and then price flew to 10,300. No stress. I've put order to 9,009 and 10,000 and forgot about it till my phone ntified me about successful sale. Bingo. 

what is gained from complaining and regretting what happened. one of the emotional management of the situation is to be grateful for your trade.
any profit should be grateful and keep trying to improve the analysis to get further benefits.

It depends on the kind of strategy that you are using, there are strategies that have a very high win percentage and in those strategies you are supposed to take your profits as soon as you reach your target so you are correct if you are referring to those strategies, but there are also strategies with a low win percentage and in those strategies you depend entirely on letting your wins run, if you take your profits too early you may miss a big movement in the market and instead of having a profitable year you have a losing year because you failed to follow your strategy in that one trade.

According to me, profit taking is never wrong. No one can buy at the bottom and sell at the top, if so, it is just luck.
So there is nothing to be sad or disappointed when you sell your words, please be proud of it.
As for the problem when I buy the price down, I think before you trade, you should stop stop depending on the level of loss and technical analysis. Then you can buy it at a lower price and increase your coin count if you believe it can go up.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 . What a funny action but did you see the consequences of trading using your emotion . I hope you've learned your mistake here and don't do it in the future.

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.

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

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.

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.

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.

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.

While average traders and small crypto investors are worrying about what to do - sell or hold. those, who invested millions and know more than we about these crypto movements are simply waiting for the moment when BTC starts going to the Moon.
I also have regrets about the past - I sold Bitcoin many times before I understood that it is better to hodl it.

You sold out of boredom?  If you did that, don't claim the game is rigged--your mistake was making a trade purely out of emotion instead of using your noggin.  Do you not realize that the overall market sentiment is bullish?  Yes, we're going to see dips and the like, but lately the trend is upward.  Yikes.  I'd say I feel for you, but I don't.  Hopefully you've learned something from this.

Ha ha.  Good to see you're still around, TheUltraElite, and givin' em hell.  I thought you'd disappeared.  And while I wouldn't have put it exactly the way you did, I sort of agree with you.  Selling something when the bull market it's in out of "boredom" is just a crazy reason.  Anyone who does that ought to step away from their computer for a while and find something constructive and fun to do--and avoid trading at all costs.

What is the assurance that you really have that the investors in china are quite much, the only thing that I heard is that 70% of miners are from china which i still don’t know if that is a confirmed truth because that was how people speculated that bitcoin will drop in price because of the threat of Chinese government to ban miners, and I never saw the effect of this on bitcoin a little bit.

Don’t be surprised that if china even ban cryptocurrency completely, bitcoin will still thrive and may not drop in price, I wish there could be a statistic really shoeing countries that has investment more in cryptocurrency, I am sure that we will see that it is the united states citizens, because they are the ones pumping lots of dollars into the market. I know that you will base it on huobi, but don’t forget that huobi has lots of international traders too on their exchange.

Well, that is correct. You should know when the perfect time to sell or even if you want to cut your profit. You said that boredom is the reason why you sell your bitcoin even though your profit was not there, that is not right. You are following your emotion which is not a good idea to have. A quick decision because of your emption will make your fund lose if you are always like that. Patience is the key to have a good profit while holding your bitcoin and not tempted your self to sell you holding coins.

At current price of Bitcoin, you can still buy Bitcoin and position yourself as I see that price of Bitcoin may start to climb again after this month of August. As I already mentioned on my other posts, Chinese ghost month may have been reason why price of Bitcoin suddenly dropped and might continue to do so until the end of this month.

Good Mathematics.

Negative X Negative = Positive.
Create any possible optimistic view from an error. You cannot just sit there and think about the loss.
Best thing to do is get up and look where you made the wrong decision. Magnify that and try to never do it again.

Look, not all can make a perfect trade. I bet all traders have made mistakes selling or buying at the wrong time.

This happens to inexperienced traders a lot.

Typically there are two kinds of trading. When it comes to ultra short term real time trading that is.
This can be observed in Forex markets as well but not stocks or mutual funds.

Basically you either form the sell wall or you form the pip sellers.

When you are part of a sell wall, anyone buying up the market order books would typically eat into the sell wall that is already at a fixed price.

But when you are a pip seller, you are basically hoping that the small up-ticks in price is what you would be paid. Often not noticing the volume of those small upticks.

Say someone sold X asset for $10 but only bought $1 worth. That's a small uptick and you cave in trying to cash in on that small uptick with a hope of selling perhaps $20 worth of X asset at $10. Without factoring in that the buyer only had enough money to buy a lesser amount.

Now when someone with a large order comes in, he would first clear all the small uptick (dust) orders. Suppose he has $500 to spend, and there is a sell wall at $10 and small upticks are up to $30. So this buyer's order will immediately buy up all combined small X asset sell orders and then eat into the sell wall at $10 with his $500.

So its not like the price is going up when you sell, its more like you don't know when to sell.

The best way to make it easy for ourselves to accept whatever action that we take in our investment easily is when we set a goal., and once we set a goal, it mean that is what we will be happy with.

We have some people that have set a goal of 10% on their investment, some has set a goal of 20% on their investment, some as set a goal to only take profit when the price of bitcoin hits its ATH, so we just have to play by our own rule, and we try as much as possible to be patient even when we see some discouraging factors in our investment, which is why we still have to make sure that when we invest, we invest in projects that have future and we know that as crypto grows, they will also grow along with it. There will be more peace that would allow us to stay for long.

that is only true about bitcoin not about every cryptocurrency out there.
if you look at the history you can also see that bitcoin is the only thing that has ever gone up no matter what happened to it in the short term like falling in 2018, it ends up going back up again.
but this has never been true about any altcoin. they get pumped, then dumped. they may recover and get pumped again (sometimes even up to 3 times) but after that they will only get dumped and go back down to zero. that means you can't even think about altcoins in long term.

Investment in crypto is a long run investment and selling off too early is not what you are in the market for. Making big money in crypto really require you to be good at waiting for the best moment to exit and this is what makes you money. An example of all those people who invested in Bitcoin many years ago and are still HODLING it are the people who are millionaires in Bitcoin.

Good trading is often very boring and not much happens most of the time. If you want action and you're using high leverage and betting on each and every single little price movement, you won't last very long and you're doing it wrong. Proceed at your own pace; profit is profit, and nobody ever bankrupted their account by taking profit. Nobody is a perfect trader at the end of the day, and even the best occasionally take profit too early or too late. Move on to the next trade and try to improve on other things you know you did wrong or poorly. Most important thing is to keep moving forwards.

There is no point trying to plead with them, they have been in the system and they ought to have taking their time to really study the market and understand how it operates, newbies are the ones we are supposed to be channeling our advised to about cryptocurrency, but for those who were already established, if they exit the market because they lost, then fine for them, they simply just belong to group of people who likes to shift blame without ever looking at their mistake as something they need to learn from.

If you clearly look at it, most people that has lost money was actually as a result of their own mistake, greed or lack of impatient, I am talking from experience because this almost doomed me until I picked my mistakes, analyzed then and then look for a way to adjust it.

Provided you make profit from it, that is all that matters, you cannot always catch every pump that you see. Seems you were also just gambling with your trade because you sold out of boredom and not because you were fully prepared to sell it, next me, you have to be in the right state of mind for trading before you can execute your trades.

I also learnt to start keeping journal of my trade also after I got an advice from a mate here who explain the reason why a trader needs to keep journal and I followed the strategy, I must confess to you that journal is really a very important trading tool, I think every trader must have a journal beside them that they will always Use to keep record of their trade and also serve as a little reminder for their actions, it is a good thing to practice.

"Out of boredom"? That is the most lame and idiotic reason I can ever think of. You are doing trades, maybe for reasons of your own, but I trade because I like to multiply the number of coins that I own, in other words to make profit. I dont know how much of a bluff you are but if you honestly did that then you are fool.

Selling at the proper time is important to cash the profit. You can do whatever endless research you wish to but in the end you will suffer a waste of time and energy if you are tactical enough or have control over your emotions - in this case your "boredom" LOL.

Good plan, but it's strange to me that people keep finding themselves in every new cycle of Bitcoin that somehow they never learn from the past of others.

You don't even need to look far. Just trawl through the forums here and you will see scores of posts from people just like you over the years.

It's deja vu for me to see posts like these and I'm not even long in "the game"!

You don't do this when you are trading, it will not help you to survive a long game, it should not be decided by how your feel but by how you think on the current market situation. Everything you do requires proper timing if you want to succeed in trading, and I hope as you go further with your journey, you will be able to learn and you will be matured in your thinking.

You will never be satisfied with your trades, at least in the general sense. When I traded I never traded it all, just a small fraction. When I did a good trade I regretted that I didn't do it with a bigger part of my portfolio. When I did a bad trade I of course regretted the whole deal. You can go all in, succeed and be happy for a while, but if you keep trading you'll have to learn to block emotions.

Don't worry about it, really. You learn as you go.

somehow it feels like they are just waiting for you to dump your stash and then leave you while they all celebrate going to the moon.  happens to most bounty  hunters who expect too much. there were projects that will actually rise up just when they make their tokens available in the market but this is very rare. the one that i remember the most was the ARK project. i bought back the ones i have sold before i will starting regretting.

Unfortunately, there are way too many people who lose too early, they are really upset about it and usually some of them even leave the market for good and never return which is really a sad thing considering that is money leaving the market all together without any chance to comeback.

I would like to speak to every single person who wants to leave the bitcoin world for good and say that even if you lost money this time or even if you needed money and you couldn't find what you hoped for, just keep an eye on here, don't leave forever, just try to get a bit of small amounts from either airdrops, bounties or anything else and try to stay involved, you may have lost this time but you never know when you will win. Maybe next time you join you will make a lot more profit.

Selling because he's bored... seems to look like an easy way to waste your investment just because you are bored. Well, if OP doesn't have the audacity to wait then this market is not for him. Do you know that most people lose their investment because they don't have the patience to wait for the market to go into their favor?

OP should change that behavior ASAP if he has a plan to survive in this kind of market, the toughest will always win here.

At first glance I thought it was a poem or a song.

Yes, yes we just remember the negative parts and even the really bad ones.
When we profit we forget about it.
Looks like we are going to see more of that. The market is getting crazier. Bitcoin suddenly pumping again and alts are still being hammered down.
My solution. Smile.

You never know what's the peak from any coin price, it certainly will not be perfect (if we can know what's bitcoin price in the future/what's the peak of bitcoin, we all already become the holders).

I, myself have sold bitcoin at $450 in 2016 and $3000 in 2017, its very far compared bitcoin price right now (i should get around 25x more if i didn't sold it yet)

This line proves out that you aren't that kind of patient person 

Sold too damn early? If you are on profits it doesn't matter if you do sell of on loss then that's the biggest mistake you have done due to your boredom.
Keep repeating these mistakes are normal because of this unpredictable behavior of this market but it doesn't matter,just move on and just think off that you do made profits
even its early.

It happens to the best of us. I sold at 6000 before the price shot up and had to buy back on the way up. We all make mistakes but it's impossible not to make them. This market is way too unstable and even stable markets aren't easy to trade. Making money is never easy.


This is a good way to compensate for our mistakes but the mistakes will still be there only with less consequences.

life is a trader. trade well and enjoy the benefits. we learn everyday form our mistakes. we can;t stop learning because this is part of life the more we learn the better we understand how the trader happens. Also helps to curtain FOMO AND FAUD. Keep it up.

This is why traders almost always do poorly in comparison with hodlers. Even the pros who should know better still get caught in these emotional traps from time to time. If it was easy everyone would be rich.

This is very common issue every trader faces, I also see it as market trap. Someday we cry to leave many bucks on the table after closing the trade and the other day when we wait for the price to climb, it comes back after some gaining some points and we either close the position on BE or in loss. I think that is the biggest pain we face. We need to learn to get a bucket of water out of the river not the whole river. It is better if you make a plan before initiating a trade and remain stick to it. If you close your position in profit, ,be satisfied that alteast you are in profit no matter where the price goes thereafter and incase of negative trade SL is always your savior.

Never look back once it happened because we can't change that moment,just learn what mistake you did on that occasion.If you are not in loss of tha decision then you no need to worry about,aim for the profits don't be too greedy.

That is what happens to every people who involve in cryptocurrency, especially for people who trade bitcoin pair fiat. They don't know what will happen in the future, so every time the price can increase high, people will sell some bitcoin so they can get more money. They will buy again once the price is down and back to waiting for the price to increase higher. They repeat the process, and some of them can make a big profit from trading, but the others cannot do the same as them.

Such feelings of regret usually come when price shoots up after you dump but you also get happy when after you dump and after 10 hours, you see the actual crashing like a pack of card...

I usually deal with whatever comes.

I think you need one more step.
4. DECISION TO IMPLEMENT THE RIGHT PLAN
This is the most difficult step in 4 steps, because I have made such great plans, but I often fail to do so because of the impact of FUD or FOMO.
keep your mind calm and steady.

It happen to all of us time to time and we are having many story like this anytime the market is pumping. Someone buy Bitcoin at $8765 and when it get down below $4000 out of panic he sold it and a week after bitcoin jump to above $5000 by the end of the month it was trading around $10,850. As far as you sell above your purchase price you have not lose anything and since you have gotten this experience? Apply it and always considered before you sell.

What the hell is that reason for selling in the first place? LOL.

Anyway, if you're just trading and not holding, while selling at higher prices is definitely better, I don't think there's anything wrong with selling early. If you sold early and the price rose higher, hey, you just played it safe and secured profits. There's really nothing wrong with that.

Hindsight is 20-20. There's no way for you to know for sure that the price was going to go up and not the other way around. Stop kicking yourself for it.

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.

When you sell it early it means you don't understand how the market moves. Same with me in the past, I also do what you do when you feel bored with the price that continues to go down I sell it and after a few days / hour the price jumps up.

At that time I tried to find out why prices can jump when I sell, when is the time I sell? and I tried to study market movements with charts. Well it turns out that everything can be analyzed both chartically and fundamentally, at least now I'm not as stupid as before. And I don't think need to write a journal because this is not a college assignment.

In such cases, I always have a plan. The plan should answer the questions: when to sell, when to keep. If you cannot answer these questions, then most likely you will sell cheaply. Or you will have lost profits. But it’s best to sell in parts. 30% - sell if there is good growth. 30% where you see the peak. And 30% where the market loses perspective.

What happens, happens as they said it.

It is really better to write a journal about your trading since you will be able to track what you are doing and at the same time know what you are doing wrong. I did this for a short while but I can't keep up because of my work and the changes is really fast. Nice plan though, I will be taking note of that

This is usually the way with me also. It has happened to me so many times. The alt would just be sitting there with little price movement or going downhill day by day, until my patience runs out and I sell it. Then a few hours or a few days after I sell, the price skyrockets. It's almost as if there's an evil spirit nearby urging me to sell ahead of the price explosion.

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.
 
Now I'm sitting on the sidelines... kicking myself.
 
It's not the first time this has happened.
Or the second... or the third...
It feels like this happens all the time.
 
Now - I know that the markets are not actually rigged.
I know that my brain is being overly dramatic.
Brains tend to remember things that trigger strong emotions.
…like the pain of watching the price climb after I sold.
 
When I sell and price jumps up...
I get frustrated and emotional.
 
I tell myself that's part of trading.
...but it doesn't matter
I can't remember all the times where selling was the perfect timing.
That's just not how the brain works.
 
There's only ONE way to be sure we're being honest with ourselves…
To really know if our brain is playing tricks...
Keeping a trading journal.
 
Looking back at my journal, I can see that I sell early ~30% of the time.
I'll never be perfect...
But 30% is too damn high!
 
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?