SaveOurSea
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January 24, 2021, 11:53:06 PM |
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You sell something and later down the road, that goes multifold.
How do you deal with such things in positive way?
If there is no greediness and stable trading emotions, then the decision that has been made of course is a correct way. yes, although a little regret does exist, because it is human nature, but a trader must know when to buy again, the most important thing is to have profit from each purchase.
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Viscore
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January 25, 2021, 03:49:30 PM |
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You sell something and later down the road, that goes multifold.
How do you deal with such things in positive way?
If there is no greediness and stable trading emotions, then the decision that has been made of course is a correct way. yes, although a little regret does exist, because it is human nature, but a trader must know when to buy again, the most important thing is to have profit from each purchase. And the right time to buy again is when the price of bitcoin will dip. Don't believe on the bullish people that bitcoin will not anymore dump to $20k and below as the history tells bitcoin is very volatile. you miss and opportunity to buy cheap, wait for the price to correct and then buy bitcoin at dip. Regret more if you don't buy at dip than selling early despite making a profit from it. Look at the graph https://coinmarketcap.com/currencies/bitcoin/wait for the red line to come.
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doomloop
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January 28, 2021, 12:40:56 PM |
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You sell something and later down the road, that goes multifold.
How do you deal with such things in positive way?
That depends, did you lose money? If the answer is no, then I don’t see any reason why you should worry much about it. If you feel that you’re losing money then you should buy back the asset and wait for when you will make extra profit. This is how most of the people here are making profits out of this crypto space. Learn the strategies and always look for the opportunities. I always have a target, and I never regret when I sell at that target, even if the market should move forward from there, I don’t see any reason for me to worry about it since I have achieved that my target I will even happy about it. The only time I regret is if I should sell my coins while at lost and then the price pumps.
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Emitdama
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February 01, 2021, 08:49:53 AM |
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You sell something and later down the road, that goes multifold.
How do you deal with such things in positive way?
That’s why it’s good not to hurry at times, but there are also times you will decide not to hurry and you will end up losing your money, so how do you deal with a situation where you lose your money? You know that’s worst than when you sold early but you still have profit, so a situation like this one should be more easy to handle than the one where you’re losing money. The thing is that you should take away greed and appreciate the little profit you have got and understand that it’s not a must that you are going to get every thing. Maybe next time try to not to sell everything and just sell some and leave the rest.
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Inkdatar
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February 01, 2021, 09:48:03 AM |
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We have our own goal and strategy when selling our assets. From the start you should have a plan when to sell. As what others says take profit when happy, but others have regret because of greed and no contentment. So as long you have profit it is good and buy back in dip.
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Murpheus
Jr. Member
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Activity: 155
Merit: 7
The dream God is what I embody
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February 01, 2021, 01:09:06 PM |
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I always have a good reason for selling any of my token in the first place....
Like once I needed to buy medications for momma.... Another time it was to take Care of some very bugging issue... That way I know at least... I didn't just sell it, I sold it to get something of equal value or greater value
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Do you need a CM?? Hit me Up t.me@Morphis009
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darewaller
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February 01, 2021, 04:22:21 PM |
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You sell something and later down the road, that goes multifold.
How do you deal with such things in positive way?
You have to make up your mind if you are a trader; once you take profit or sell at loss; no looking back, no regretting; you take your lessons and move on to the next investment project on your schedule. Also, in as much as you sell in profits; then you should have no regrets, the joy in trading or investment is to take profits. That is not easy for many newbies unfortunately. I would suggest the same thing if it was in my hands but I do not think that we are going to be able to see something like that anytime soon and it will not be possible. We are going to end up with a lot better results if we were capable of not feeling emotions, but we are humans and we feel emotions so there is no way we are not going to feel regret neither. At the end of the day bitcoin is a long term store of value asset and it will always go up, which means if we end up selling, we are going to see it go up, because in the long term it always goes up so it doesn't matter if it goes down or up during the first days or weeks of us selling, eventually after few years it is going to be so much more and that is the real deal here as well, we are talking about something we can't control.
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dezoel
Legendary
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Activity: 2198
Merit: 1081
Leading Crypto Sports Betting & Casino Platform
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February 01, 2021, 08:08:21 PM |
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Moving on is the only positive way you can deal with such scenario. If you don't do that then you'll beat yourself up every minute with constant thinking of your early decision been a wrong one (which isn't) and you'll begin to assume you made a mistake which if you don't address probably might affect your future trade.
Trading is all about making profit and if you exit any trade successfully in profits then you do that just perfectly. Take some break and reevaluate the market before jumping right back in just to catch the upward wave.
Do understand that the market will present an opportunity in the near future for you to re-enter the market so don't rush into making a decision that most likely will make you loss both the capital and profits you earned. If you sold your bitcoin earlier and now regretting, you can enter good position in some alts as obviously their time will come when they'll record similar growth as bitcoin did. Ethereum just experience hers.
That is correct. I had probably over 100 bitcoins in my life, almost all of them when it was lower than 1k dollars, and a few of them between 5-10k levels, and only a very tiny portion of it (under 1-2 bitcoins) was above 10k, and I never had any bitcoins since it broke over 30k for example. It means if I kept that 100 bitcoins, that would be about 3.7 million dollars right now, I would be so rich that not only I wouldn't have to work ever again, my grandchildren would live a very rich life with that kind of money, hell my grand-grandchildren would probably live off that money, looking at inflation dollar loses value but not that much, it would stil be good enough amount to live without working for 3 to 4 generations. Yet here I am working every single day to make ends meet and not even making that much money. If I focus on this, I would probably feel suicidal, but I do not, because I love my work, and I feel like I earn my place in the world instead of just getting lucky.
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Fatunad
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February 01, 2021, 08:14:11 PM |
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I always have a good reason for selling any of my token in the first place....
Like once I needed to buy medications for momma.... Another time it was to take Care of some very bugging issue... That way I know at least... I didn't just sell it, I sold it to get something of equal value or greater value
There's always a situation like that on where you would really be ending up on selling out your coins in not the right time due to those kind of emergencies which i do agree on most part that it doesnt really matter as long you have sold it for other important purpose just like hospitalization or medication of your loved one's or other situation that do get involved your family or relatives. Money is should be spent out but if you do have some spare for you not to touch off your coins that had been holding then its a good option but if you dont have any choice then this will be your last resort.
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e@symode
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February 01, 2021, 09:48:49 PM |
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This is a common occurrence especially recently when everything is growing. I don't know how to calm this feeling even though I earned a few percent on the project. For example, I sold UNI for $ 2. I will always remember this and this wound will never heal.
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Twinkledoe
Full Member
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Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
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February 01, 2021, 10:10:16 PM |
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This is a common occurrence especially recently when everything is growing. I don't know how to calm this feeling even though I earned a few percent on the project. For example, I sold UNI for $ 2. I will always remember this and this wound will never heal.
Once you finished the trading, don't look back and check for the price. You need to move on, otherwise, you will get crazy thinking that what you should have done. As long as you made profit, just be happy that you are on the positive side. Thinking that you should have sold at a different time will not help you calm down your feeling of regret. We will always have that feeling but one thing to move on is just look for other opportunities and not go back again and again to your old asset.
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Oceat
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February 01, 2021, 11:03:59 PM |
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This is a common occurrence especially recently when everything is growing. I don't know how to calm this feeling even though I earned a few percent on the project. For example, I sold UNI for $ 2. I will always remember this and this wound will never heal.
Once you finished the trading, don't look back and check for the price. You need to move on, otherwise, you will get crazy thinking that what you should have done. As long as you made profit, just be happy that you are on the positive side. Thinking that you should have sold at a different time will not help you calm down your feeling of regret. We will always have that feeling but one thing to move on is just look for other opportunities and not go back again and again to your old asset. I think that feeling is the same feeling as greed and he's already using emotions in trading which is not good. Most traders are like that and did end up regretting because they sold early. I think it's just normal because all you want is to gain profit but you didn't expect it to fold more than what you have expected. That's why TA is somehow effective if you really want to get close of the price as much as you can. Anyway, if your target is just to gain profit why regret though? You haven't done wrong with it and I think if you feel the same way again then always think that when you are about to dump be sure that you won't look back anymore.
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3996
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Wulan_maniez
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February 01, 2021, 11:44:00 PM |
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Why should I regret it, if you have already profit from your trading. This is something good. Sometimes we can’t predict peak prices, even the best traders. Come back to buy at a cheap price, this will be very safe, if you want to sell for profit.
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milewilda
Legendary
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Activity: 3290
Merit: 1156
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February 01, 2021, 11:52:06 PM |
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Why should I regret it, if you have already profit from your trading. This is something good. Sometimes we can’t predict peak prices, even the best traders. Come back to buy at a cheap price, this will be very safe, if you want to sell for profit.
But people dont really get contented that easily which means whenever they do sell out early and then seeing the price had increased even more then they do really regret after that but if they do think off if they do able to pull off those positions before the market crash then they would just simply say that was a close call.Humans are born greedy thats why these kind of selling regrets cant really be removed on one self. Profits is profits and that what matter most but people doesnt really like out to miss and like to have that maximum profitability even into this very unpredictable market which is really that too dumb kind of a habit or behavior.
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bitterguy28
Full Member
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Activity: 2184
Merit: 182
“FRX: Ferocious Alpha”
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February 02, 2021, 11:46:04 AM |
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You sell something and later down the road, that goes multifold.
How do you deal with such things in positive way?
Simply , Be realistic and Put to your mind that you cannot bring back the past instead work for the future. and Bitcoin or crypto trading does not stop just because you lose today. Instead of Blaming yourself why not use the time and effort to look for another investment and will not become Panicking again this time, Use the mistake to be more knowledgeable tomorrow.
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SquallLeonhart
Legendary
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Activity: 2478
Merit: 1102
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February 03, 2021, 09:32:22 AM |
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If you are not sure about selling or not selling, always pick the not selling side, because at the end of the day if you have the option to not sell there is no question in my mind that I wouldn't sell. Obviously there are times in life where you have to end up selling and I get that, it is understandable that you might be forced to sell and that is totally understandable, but just because it is understandable that you might sell due to some reason, doesn't mean that everything is a valid reason.
If you want to sell because you are going to pay your debt that sounds reasonable, but if you sell because your reason is that price may go down, that is not a good reason at all. I just make that distinction between those two things and I do not sell that easily at all. Selling or not selling is not a question in my mind, it is a forced thing or not.
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MWesterweele
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February 03, 2021, 01:43:43 PM |
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If you are not sure about selling or not selling, always pick the not selling side, because at the end of the day if you have the option to not sell there is no question in my mind that I wouldn't sell. Obviously there are times in life where you have to end up selling and I get that, it is understandable that you might be forced to sell and that is totally understandable, but just because it is understandable that you might sell due to some reason, doesn't mean that everything is a valid reason.
If you want to sell because you are going to pay your debt that sounds reasonable, but if you sell because your reason is that price may go down, that is not a good reason at all. I just make that distinction between those two things and I do not sell that easily at all. Selling or not selling is not a question in my mind, it is a forced thing or not.
There we have it our what we called "gut feeling", either you are torn between selling or not selling just listen which one does weight heavier because this might what your gut feelings wanted you to choose. However, if you had already done it like selling at early where you didn't think that example bitcoin will getting to hit its new ATH for somewhat $40K and you have sold it for just $20k then its a sad part, totally sad but then it'll happened and you couldn't change the way it happened. All you need to do was moved on and trust yourself that you may get it again, maybe that profit wasn't your lucky time yet
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Oilacris
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February 03, 2021, 04:44:35 PM |
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If you are not sure about selling or not selling, always pick the not selling side, because at the end of the day if you have the option to not sell there is no question in my mind that I wouldn't sell. Obviously there are times in life where you have to end up selling and I get that, it is understandable that you might be forced to sell and that is totally understandable, but just because it is understandable that you might sell due to some reason, doesn't mean that everything is a valid reason.
If you want to sell because you are going to pay your debt that sounds reasonable, but if you sell because your reason is that price may go down, that is not a good reason at all. I just make that distinction between those two things and I do not sell that easily at all. Selling or not selling is not a question in my mind, it is a forced thing or not.
There we have it our what we called "gut feeling", either you are torn between selling or not selling just listen which one does weight heavier because this might what your gut feelings wanted you to choose. However, if you had already done it like selling at early where you didn't think that example bitcoin will getting to hit its new ATH for somewhat $40K and you have sold it for just $20k then its a sad part, totally sad but then it'll happened and you couldn't change the way it happened. All you need to do was moved on and trust yourself that you may get it again, maybe that profit wasn't your lucky time yet Gut feeling with some accompanied a little bit of luck will really be pleasing but when results goes to the opposite side then just move on and accept because not all the times we would really be right on what our gut do say but basing off on experience this one could really help into some situations. Results might not really be going as expected but basing off ratio then i can tell that this is also a helpful thing for you to follow but wont really be that good for you to head on from time to time. Selling early neither would be a good call or not and this will vary on how market moves.Its always been unpredictable thats why results would really not go as anticipated.
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Kasabus
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February 03, 2021, 11:26:05 PM |
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Accept your mistake and move on to find a new opportunity again. Correcting our mistakes everytime is important to grow, we don't have to stop right away after making mistakes, even if we are successful already, we still want to make more by doing our effective strategy, some with making mistakes, we will not stop until we learn and be good at what we are doing.
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Distinctin
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February 03, 2021, 11:39:00 PM |
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You sell something and later down the road, that goes multifold.
How do you deal with such things in positive way?
I've sometimes caught this one. I bought BTC at $11k, then seel it at $20k, but it was a surprise it goes high reaching $30k, $40k. Yeah, it is very regretting but we should have to accept it rather than crying and quit, much better to set a plan for another investment. It is a thing we need to move on and from that bad experience, we are able to learn. Seeing this failure is a big chance for us to grow for positive people but for doubtful individuals, don't know how they will respond.
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