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Author Topic: After a Bad Sell  (Read 3617 times)
shamzblueworld
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April 23, 2018, 03:26:53 AM
 #1

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?
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chris200x9
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April 23, 2018, 03:47:01 AM
 #2

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.
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April 23, 2018, 04:04:56 AM
 #3

It isn't like you or everyone knew it was going to boom the next day, right? Don't beat yourself up for it. I don't think there's nothing you can do with that as it already happened, though you could probably prevent it from happening. Probably be a bit more patient in the future(if you're long-term investing, that is)? Unless you're daytrading, then I don't think there's really anything you can do to prevent this from happening.

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April 23, 2018, 04:19:07 AM
 #4

Just a piece of advice my friend - take out FOMOs from your system ha ha! I mean if you had missed out an opportunity for a bigger profit then you just have to deal with it. The important thing is you didn't sell losses... Keep in mind - profit is profit, no matter how small that is.

The best advise is the first reply in the tread. Do not sell all... do it gradually.
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April 23, 2018, 04:26:58 AM
 #5

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?

Take it as a learning experience to resist that urge to take small profit or...
Be positive that you waited it out and were able to pull profit.

~ Too Many Scams, Schemes, and Shitcoins... ~
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April 23, 2018, 04:40:57 AM
 #6

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


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Knightly
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April 23, 2018, 04:52:53 AM
 #7

Hey,

It's a hard one, but guess what, happens to everyone! I know that's no consolation, but just trying to put it in to perspective. This has happened to me so many times I've lost track.

As people have previously mentioned, sell for profit in increments. Even if you set your sell orders in a few blocks (if you really want to liquidate all the asset).

At the end of the day as long as you've made a profit on your original investment, it's all good!

Good luck out there Smiley

-Knightly
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April 23, 2018, 05:10:35 AM
 #8

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?
To be honest we can't do anything about it,if you want much profits then you need to have patience if you are looking for small profits only then don't think about the price booming after you sold them.To avoid this kind if problems in the future by set a goal price when to sell your coins once it reached that price sell it and don't again look back the prices.
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April 23, 2018, 05:19:16 AM
 #9

Move forward and let this be a lesson that dont let your emotions get a better of you to dont do panic sell. This is a good learning experience for you that "patience is virtue". You can still reinvest on other tokens like ETH and LTC or BTC cause from this point the price should be recovering and might pump again according to price charts and speculations.

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April 23, 2018, 05:57:12 AM
 #10

nobody is stopping you from buying back!
you sell then you see the pump coming, so buy back as fast as possible before the bubble reaches its peak. then you wait for the pump to slow down and speculate the end of it and the highest price and then you dump there. this way you still make some profit from the pump.

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April 23, 2018, 06:21:25 AM
 #11

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?

Well I didn't believe that bitcoin cash rise up 50% in less than 2 weeks !
nobody knows the future , i remember when i sold ethereum when it was only 80$ and i was so happy with the small profit i made!
Now it is more than 600$ , Best way is to move on and don't forget the lesson you have learned .


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April 23, 2018, 06:47:29 AM
 #12

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?

Just don't think about it. Move on, as there is nothing you can do to change the past. Even the best traders make losing trades as no one can fully predict the market. That being said if you haven't been finding success daytrading you should just buy a couple coins and hold. Daytrading is definitely not for everyone as it isn't easy and can become super stressful.
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April 23, 2018, 07:21:43 AM
 #13

Take this as a subjective advise, this might sound stupid to others but some will think of it as just another bad day at the office. What I suggest is you trade again. Buy coins again, research the market again, WAIT again. Why? You will never know and apply what you’ve learned if you didn’t try again. Fall strong, get up stronger.

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April 23, 2018, 07:22:08 AM
 #14

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?

Already happen, accept the result and never do that again. The solution is only like that and never change but people have different opinion about it. There's nothing you can do " after ", but you can do something better " before ". For minimize loss you can use stop loss and stop greedy for bigger profit. Do that and you'll have better result.

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April 23, 2018, 07:35:09 AM
 #15

How do you deal with this? Any tips to minimize this or overcome after such bad timing decisions?

what I do is that I take a reverse approach as yours towards trading altcoins. it is not an uncommon approach and in fact one of the crucial steps to a successful trade. what I do is that I make a "good buy" instead of a "good sell".
this means buying at a good time when you know there is a rise on the way or there is potential for it. I guess you can say at the heart of it, this is all about timing. when you buy some altcoin at a good time you will only experience its rise and make the profit instead of waiting around for the rise that may never come and sell too soon or even worse sell at a big loss.

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Ctn
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April 23, 2018, 07:37:58 AM
 #16

"Just let it go"

Id you made that trade then you cant do anything about it and I would say if you started doing anything about it then you will end up doing mistakes like:
- You will try to profit yourself by buying more coins
- You will do this out of stress but not with techniques and strategies
- You will start emotional trade further and may loose more than previous one.

You should just consider this as coincidence and its not your fault at all. These kind of situations are always there due to uncertainty of the crypto currencies. Just open up new trade and make sure to hold for long time and not just for quick profits. That might help you.
Wind_FURY
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April 23, 2018, 07:40:16 AM
 #17

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 made you hold all throughout the bear market and start selling on the early stages of a bull market? Serious question.

Quote
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 would wait for a correction and try not to panic if I were you. But what will not happen is you buying them back at the price you sold them for. Consider that as a loss.

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Tomik21
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April 23, 2018, 07:57:33 AM
 #18

I probably don't need to worry about it. The profit is obtained and it can be invested - there are a lot of opportunities for this.
justin86
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April 23, 2018, 08:03:30 AM
 #19

It happens to everyone, everytime I sell something, after a day I am seeing it is mooning. So if I have a selling plan and will sell today, I don't do it and sell tomorrow  Cheesy

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April 23, 2018, 08:08:34 AM
 #20

I have not sold my bitcoin in that time and after a bad selling experience for those who have done this in the past now they have to not sell their bitcoin, while those who have sell their coins in the past now they have not much balance of bitcoin and for me bitcoin is necessary because i have to buy and sell software over the internet it is a good way fr me to use crypto money.

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