Sold too damn early!! Kicking myself...

[South Park]

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.

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.

[1715484184]

1715484184

[Furious 7]

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.

Many people face the same thing. Prices moved up significantly after we made a sell order. I myself have experienced the same thing several times. Yes, it is indeed not our luck to have such experience that I think very common in crypto. At first it felt very bad, but as soon as I realized that my luck was still not good enough, I just moved forward and prepared for my next trading trip.

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.

[Banrkim]

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. 

[btc_angela]

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. 

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.

[Oyarebu]

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.

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.

[Maestro75]

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.

[guoyu78]

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.

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.

[Iykecollins]

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

[maydna]

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.

[Hamphser]

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

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.

[maydna]

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.

snip

Many traders hold the false belief that you can guess when a market has reached the top and the truth is that is impossible, there are some that can sell at the top but they are the exception and most likely they were just lucky to sell at that point, most traders have to sell for a price below the top, but it does not matter as long as you got profits, however if somehow your strategy depends on getting in and out of the market exactly at the top and the bottom then most likely such a strategy is flawed and it will never work.

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.

[Apaxy]

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.

[Oyarebu]

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.

[TomArayaSlaya]

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

[TheUltraElite]

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.

  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.

[Janation]

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

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.

[buwaytress]

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.

[TheUltraElite]

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

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.

[Greed Dev]

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.