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Author Topic: How do you deal with 'Selling early' regrets?  (Read 1163 times)
Mahanton
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February 03, 2021, 11:59:18 PM
 #121

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.


Learn from mistake and move on.Dont go back to the past and keep regretting because this will just disturb you out on your further actions in the market.
Early selling regrets are bit common because this is an unpredictable market but somehow it can really be handle out if you do know how to deal things up.

We would learn in our past mistakes and sometimes guts and intuition are one of the things that could really be helpful on this kind of time.

R


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Wawa2013
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February 04, 2021, 12:57:35 AM
 #122

There is nothing to be sorry about, we sold early, the most important thing was that we managed to get a profit. You don't need to be greedy,
wanting to always make big profits every time you trade, in my opinion it's better to have small profits and not lose money. That's what's most
important when trading crypto. If you don't want to sell coins too early, can hold long-term and do not be affected by price movements that occur
in the near future. Always focus on the targets that we have set, as long as our selling target has not been achieved, don't sell the coins that
we HODL. That way I believe you can get maximum profit.

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cyriljundos
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February 04, 2021, 08:54:07 AM
 #123

You sell something and later down the road, that goes multifold.

How do you deal with such things in positive way?

it happens to me many times, i bought a specific coin at lowest price after a day it went double i immediately regret my decision in selling it. It is just a part of a trading life,  traders actually experiencing that even you are great trader we cannot control the flow of coin. in my cased i move on and buy another good alt coins so that i can earn more in trading alt coins.

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February 04, 2021, 10:55:35 AM
 #124

You have nailed it excellently; and to even add few words; it is not even selling early; it is selling in profit; for example, if i buy a coin at 5$ and then in 100 days, it worth's 50$; i have sold in profit; after another 100 days, it worth's 100$; why then should i worry or have regrets ?

Crytpo currency investment is all about taking profits and moving to the next token or wait for the bear; never attach emotions

Actually, it's not even about the profit. Selling simply means realizing your capital. $100 in orderbooks is still $100 in imaginary numbers. You only have it in hand available to withdraw when you sell.

Sometimes the regret is about making losses, but the important thing is to keep to stop loss and TP. Not to dream and never realize p/l. Easy to forget for most traders that they came and traded using strategy to make consistent gains, not to make X amount of money.

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lixer
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February 04, 2021, 11:32:29 AM
 #125

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.
That is the best advice I have seen in a long time and it is 100% true as well. I believe it is in a situation where we are living in a world where we keep thinking what could have happened instead of thinking about what could happen and that hurts us a lot. I personally live with this problem as well, not that I keep thinking about the past because I have given up on that already so I am good there, but I fail to imagine what could be in the future, I always think how I will not be making too much profit and only be fine with the small amount of increases I get. I could make a good amount of profit if I focus and work hard but some reason I do not look at the future brightly even though I do not look at the past I am still %50 wrong here. Great advice though, everyone should follow this.

k@suy
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February 04, 2021, 02:40:35 PM
 #126

There is nothing to be sorry about, we sold early, the most important thing was that we managed to get a profit. You don't need to be greedy,
wanting to always make big profits every time you trade, in my opinion it's better to have small profits and not lose money. That's what's most
important when trading crypto. If you don't want to sell coins too early, can hold long-term and do not be affected by price movements that occur
in the near future. Always focus on the targets that we have set, as long as our selling target has not been achieved, don't sell the coins that
we HODL. That way I believe you can get maximum profit.
Yes as long as we have the profit I think we should regret selling it, we can accept and be contented not all people get what we have and what we earn, and it will give us another joy since we made the right choice to buy that coin and we take a courage to wait for it to pump, don't get too emotional in trading it will not bring you anything good in the future nor give you additional trading skills.
fullhdpixel
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February 04, 2021, 06:13:03 PM
 #127

Actually, it's not even about the profit. Selling simply means realizing your capital. $100 in orderbooks is still $100 in imaginary numbers. You only have it in hand available to withdraw when you sell.

Sometimes the regret is about making losses, but the important thing is to keep to stop loss and TP. Not to dream and never realize p/l. Easy to forget for most traders that they came and traded using strategy to make consistent gains, not to make X amount of money.
I think it is not like that at all, having bitcoin is not really unrealized profits, you could even use your bitcoin for buying something and that means bitcoin is bitcoin all by itself. Lets be honest you can't go to any place and pay with apple stock, nobody accepts shares as a way of payment, but there are soooo many places (specially online) that accepts bitcoin as a payment.

Hence I think unrealized profit is not the case for bitcoin, even if you are a trader you could say that 100 bucks in bitcoin is still 100 bucks and it still worths something, it is not digital fake numbers, it is bitcoin and it does have a purchasing power. What you said could be very well true in any other asset, barely anyone accepts gold or silver as payment, you may convince them but you can't do that easily, definitely not online, nobody accepts shares, or foreign currencies that easily, but bitcoin is different.

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