Sold too damn early!! Kicking myself...

[el kaka22]

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.

[1714940451]

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[1714940451]

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[electronicash]

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.

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.

[coolcoinz]

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.

[Distinctin]

I decided to sell today out of boredom...

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.

[buwaytress]

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"!

[TheUltraElite]

"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.

[darewaller]

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.

[SquallLeonhart]

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.

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.

[leowonderful]

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.

[yvesp110]

I decided to sell today out of boredom...

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.

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.

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.

[Herbert2020]

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.

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.

[sana54210]

Every decisions made could't be frustrating as long as you knew it would provide you a better financial support. However, once you've already decided there' no turning backs, and being responsible for that actions we should face every consequences. It's not yet too late to buy back, so if you think you didn't made the right choice of selling to early, buying back is the best options for us. Avoid too much blame on ourselves, because learning is a long journey in order to be nearly perfect for trading.

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.

[legendster]

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.

[Reid]

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.

[nydiacaskey01]

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.

[Ryker1]

Lesson - don’t sell just because your bored or else you will regret it, just like what you experience now. You should have known better since you made the same mistake in the past but it seems you haven’t learned because you still did what you did so just deal with it and move on and make sure in the future not to sell your coins out of boredom and make sure not to do the same mistake or judgement.

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.

[barbara44]

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.

make sense of your reasons. indeed we know that China has many cryptocurrency investors, so it's no wonder that every incident in China has an effect on bitcoin price movements. I hope your analysis is correct, because I also still hold bitcoin for the long term. and I consider the ghost moon

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.

[The Sceptical Chymist]

I decided to sell today out of boredom...
<snip>
I KNEW this shit was rigged.

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.

"Out of boredom"? That is the most lame and idiotic reason I can ever think of.

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.

[trickyriky]

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.

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.

[Mpamaegbu]

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.