After a Bad Sell

[jhenfelipe]

How do you deal with this?

You'll regret a bit, that's natural. Just look on the brighter side and be satisfied since you're not at a loss. You sold it for a small profit, what's good with that is you still got profit.

Any tips to minimize this or overcome after such bad timing decisions?

Diverse the sell order next time. That way, when you sold some, you can buy again when the price got lower and you still have pending sell orders when the price goes up more.

You know what, you'll feel the same if the situation goes the other way round. When you did not sell at that price then it suddenly goes down again. The price when you sold might not be best, but it's still good. It's always a good thing when you got profit (regardless if it's big or small) imo. So don't really consider it a bad sell.

[Mpamaegbu]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

Not being clairvoyant here, although with all seriousness,  I would suggest, from you two past sad experiences, that you don't sell each time you have the urge to sell. It should serve as a warning sign to you.

[Pursuer]

Not being clairvoyant, although with all seriousness, I would suggest, from you two past sad experiences, that you don't sell each time you have the urge to sell. It should serve as a warning sign to you.

if there is anyone out there that is selling or buying because they "have the urge" then maybe trading is not the best choice for them!
trading means you make logical decisions nor random ones. in other words when you buy and when you sell you have to have a very good reason for either one of them. you analyze the market and see fit to sell now so you do it. then of course mistakes are made but that is a different discussion. mistakes are OK as long as you made it after proper analysis not a mistake that was made because of lack of thinking.

[gantez]

What I can suggest you avoid this situation is to sell partial quantity and keep some then you can get a chance to sell at higher if prices go again high.

Nice suggestion. You have shown that you are experienced in this business. Experience is the mother of progress.

OP should also learn to be patient with this market. Between hours, a loosing coin can be a winning coin.

[freesia_pnp888]

sorry mate, nothing we can do to undo it, wait for the next boom maybe

[GoldenLad]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

There is no way to minimize it expect you decide to  hold and not sell. This is why we most times says that the cryptocurrency market is always unpredictable.  And also, it seems you have  been listening to so much FUD going on in the last past months, which made you to panic and sell off.  If you are investing in cryptocurrency,  you need to decide if you really want to be a HOLDer or a trader.

[Lucius]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

What you did is actually a beginner mistake,why you sold any coin in this moment when BTC is showing so strong upward trajectory in last few days?It is obvious that in such situation most of altcoins will follow this upward trajectory and their price will rise.You should just keep track of what is happening and wait for better price.

Regarding BCH price,on April 7 it was only 611$, but after that it is in constant growth (1400$+ today).So next time take a little more attention about what's happening in crypto markets and align your decisions with that.

You did not want to risk it (or you did not know that price will go up) for bigger profit and wait,now be happy with the small profit-after all you have not lost anything except a potentially bigger profit.

[Dart18]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

I just got the same wrong decision a few days ago. I thought it will be the highest amount I can get, then suddenly it goes up beyond my expectation.
It is patience that kerps me strong, although I see it still in bullish trend I am stopping myself from buying at a larger price than what I have sold it for. You dont want to do that. You will need to wait or move on. Going in while the trend is happening might get you to a wrong deciding moment and will just let you down.

[pawanjain]

What I can suggest you avoid this situation is to sell partial quantity and keep some then you can get a chance to sell at higher if prices go again high.

Also, if you have made already enough profit from your investment then we shouldn't worry about these things because we can't always time the market. Now you need to find other good coins to invest and make more profit.

Yes Exactly ! This is the best strategy to tackle this situation. I know it must feel horrible to lose such an opportunity to make good money. I have faced it quite a few times too. Most of the traders would have gone through this phase. The best way to tackle this is to sell the coins in a little portion so that we don't miss out the peaks and still have an opportunity to sell more at higher peaks.Even if the price goes down, just hold it for good because it will surely go up again.

[Jorheen]

Before selling, try to have a target price, for example, if the price of this coin is 20$ for two consecutive days, you may plan that you will sold it on the third day if its price is equal to 20$ or more.
Charge to experience, let this experience be your guide towards your future selling of coins. Make it a stepping stone to the success of your trading. Remember that after a bad day, a good day will come.

[k_kuchkarov]

You understand it is necessary to decide! Either you trade actively, but you do not get a big profit, or, passively but with a big income!
For the future, there is a forecast that Bitcoin Cash will cost 1.1% to bitcoin

[shamzblueworld]

Yeah it happened to me so many times, I think it's because I am still lacking of trading skill, I often read the wrong signal and causing me to sell the coin quickly, but because I am still learning, I don't thinking about big profit, a small profit is enough for me, I think with keep on learning we can speculate better

I guess its not the lack of trading skill, going by the comments of everyone, all of us face such situations, its the unpredictability of the market and crypto especially.
Only the group of whales can predict the near future of a coin to some extent, the rest of us just have to go by our gut feelings.

[Ushono]

You can comfort yourself with the thought that the future is unknown and therefore you decided to sell at a price that you are satisfied at the time when you did it.

[elbimbo012]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

That is trading cycle we don't know what will happen next in our choosen coins once we sell or bough. its a learning experience to you that the next time you sold your coins be sure not all of it just partial portiom only so thst if it goes up you have still some to earn.

[acheampong64]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

oh sorry! In my opinion I think there are 4 options:
1- Don't sell all (sell partially so you earn on the remaining left)
2- Sell all, delete your portfolio and track of such coin (it hurts to be seeing that everyday after a bad sell, but if you try to forget about it, you'll move on)
3- Accept the fact that this is crypto, and we all cannot determine what will happen to prices, anything can go up 10%, 20%, 59%, 100%, 200%+ and so on. We have to move on, the are still more other coins to trade.
4- Relax for market to stabilize a little so you don't think of overbuying because a dump may follow a sharp rise (a prediction though!)

These are my opinions though

[Mia_pikachu]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

I just got the same wrong decision a few days ago. I thought it will be the highest amount I can get, then suddenly it goes up beyond my expectation.
It is patience that kerps me strong, although I see it still in bullish trend I am stopping myself from buying at a larger price than what I have sold it for. You dont want to do that. You will need to wait or move on. Going in while the trend is happening might get you to a wrong deciding moment and will just let you down.

in making a decision of course we should be able to think twice, indeed when we sell we think we've sold it at a high price, but in fact sometimes that we think already at high prices, but in the end prices are still rising above the price when we sell it, but we should not regret it all, we can buy again when the price goes back down, but yes all not necessarily happen will be able to go down again, even it can rise even higher.

[sheenshane]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

That is trading cycle we don't know what will happen next in our choosen coins once we sell or bough. its a learning experience to you that the next time you sold your coins be sure not all of it just partial portiom only so thst if it goes up you have still some to earn.

Yeah, that's the decision of the beholder that he might be going to sell or not or be waiting another moment price up.
Timing is needed here when you invested on bitcoin or other cryptocurrencies reading a news ahead will help you from the possible market down and you can seel your profit. For me, if my profit was there I sell it and the hold the remaining balance capital in investing.

[ToyotaFortuner]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

actually a lot of players are wrong with their trading mindset, it should be when the price goes down and when the price is cheap it is a very good moment to buy as much bitcoin as you can after earning a profit you can sell it or when the price is back green it is the right time to sell bitcoin.

[omonuyak]

I think you are selling those coins at a wrong price and you just need to have strategy for buying and selling. Many people that sell their coins out of panic did not have investment strategy and one needs to look at  chart to know if the an asset want to revise before selling. If look very well you will find out that macd on bitcoin cash has started to increase some days back before this upward movements we are having this days.

[Bitcoin_trader2016]

So this happened to me twice this week, first I sold Bitcoin Cash and the next day, it started booming and has not up considerably and still going strong, then I sold Golem and boom it goes too.

What do you do in such situations? When you finally sell for a small profit after a long wait but then you realize that you missed on big profit with you bad timing.
How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

That was just a normal and always happen mostly all of us. For me its okey because you already made a profit even small but you earn it so take that and be continted with it. As long as you dont lose and your profit its okey you can still invest in some tokens and hold it again for long term.