Bitcoin Forum

Bought Way at 25 Satoshi.

On the day i sold for 34 satoshi each, next day the price hike up to 80 satoshi and stablize at 60+-.

Got 4,000 Vslice from bounty.
Sold at 0.5 yesterday after holding for some time.
Price went up to $0.13 few hours after sold.


Ohmy, did anyone of you encounter such phenomena too :D?

Yes, I used to sell at the wrong time all the time. After a while I realized the best way to sell is not in one large sell order but multiple sell orders. Like for instance if you think a coin could go up a lot in the near future you can sell 1/3 at a reasonable profit, 1/3 at a slightly better profit, and 1/3 at a gamble at around the highest price you've seen it at within the last week or two. That way the worst that could happen is that you still have 1 to 2/3 of your coins and you will never miss out on big pumps.

Not a strategy for a dying coin as you don't want to hold it, but most coins will work with this.

Wow, never thought of selling in multiple orders, thanks for the idea. as usually i will just dump everything i have xd

That's your answer, dude. but how many prices for sell your vsl yesterday? but you can try put the buy wall again.
Everything will be going for well if we want to be a patient person. honestly like I sell my ICN for 28k but in the next day, it's gone below than 28k. and I buy back it at 29k. I'm not a patience person and get zonk.

Really bad timing, altough 0.5 BTC just from bounty is really big amount. May be to be patient is better before sold anything.
Btw thanks to share this, i can learn before i follow any bounty or start trading.

I thought iam the only one who has eveytime this "luck" with trading.

Your example happened everytime to me in the past.

So i changed my system, i buy a coin now and i hold it a for a time, like 1 week and i dont sell it or buy more coins in this time.

this is a bad way of thinking. and it leads to disappointment and finally making worse decisions.

you should start appreciating the profit that you have earned. for example in your first trade you got 36% profit and in your second 100% pure profit since it was bounty! and so on.

what debtstack suggested is a good solution but you still have to be careful not to get greedy.
think of it this way, making 15% profit is always a lot better than losing 15% or having your coins idle and no profit.

you have a subliminal desire to lose money. you are not alone.

People always do this, you are certainly not alone.  It's said in the stock market that you can't time the market (easily).  That's the essential problem with not being able to see the future.  No one can.  You get the luck of the draw and nothing more--unless you have some inside info, which probably only the shit developers have.  The rest of us are screwed.

Happen to me several times,there's a coin that I was about to deposit,the coin is on the way but when the coin arrive to my exchange wallet,the coin was 50 sats lower and I was late by 10 minutes only,can't believe was waiting for the wallet to open and people are rushing to trade that coin,so many unexpected happens when you are trading..

I agree, scaling in & out might be a great option for this type of situation, i know that's how I typically enter longer term trades (so I don't have to worry about picking a bad place to buy in, i try to average out my purchase price). Good advice for sures! :P best of luck with sick profits.

your solution is too simple the only thing to do is that you should lean what stop loss means and how to use it in a proper way to prevent losses like this.
start here:
www.investopedia.com/articles/stocks/09/use-stop-loss.asp

The only mistake you have made here is selling what you have in one order. You should have sold in multiple orders with increasing price.

Patience is key for success in trading. Never buy/sell quickly being panic and excited.

Of course.  You are the juice of crypto.  People like you are needed, so that others can make benefits.  It is, after all, a zero sum game.  Without losers there wouldn't be winners.  Losers are very important in this business, they make it live.

All traders has this kind of experiences,even the advanced,even if you have dune due diligence and had an inside news about a particular coin that you are trading,there will comes a time that you'll  miss a seconds a minute of profitable trade,also experience that several times I lose count of that.

You still made a good profit. The only thing you can bank on are actual profits. Hypotheticals arn't worth anything. What if you hadn't sold and the price had tanked? You'd have been doing another "Damn, timing goes wrong for me" post.

At the end of the day just look at the actual profit made and forget what happens to the price after you have sold.