Near success syndrome in trading.

[Ridwan Fauzi]

I have TWT too, binance has given me the token because I've traded in the certain time. Until now I still hold this coin although as your friend feel when the coin has a high price I keep hold the coin, never sold them. Actually, I still got profited if I sell now, at that time 100 TWT only has a price $15 but now the 100 TWT is priced around $60. 

Actually, it depends on your friend intention. If you she still comfortable to hold the coin then there will be an opportunity for the price back to increase. But, if she just feel lament because she didn't sell the coin when the price is high I suggest to sell her investment now. She will be regretted and her target will be high and it is not good the investment based on her greedy and never know the strategy behind the movement price of the coin.

[Japinat]

I have TWT too, binance has given me the token because I've traded in the certain time. Until now I still hold this coin although as your friend feel when the coin has a high price I keep hold the coin, never sold them. Actually, I still got profited if I sell now, at that time 100 TWT only has a price $15 but now the 100 TWT is priced around $60.  

Actually, it depends on your friend intention. If you she still comfortable to hold the coin then there will be an opportunity for the price back to increase. But, if she just feel lament because she didn't sell the coin when the price is high I suggest to sell her investment now. She will be regretted and her target will be high and it is not good the investment based on her greedy and never know the strategy behind the movement price of the coin.

That's it.
Usually, impatient people will suffer losses, regrets, and disappointment. However, HOLDing also is a kind of trap, why? It is because this also a reason why we miss a huge opportunity and we think that holding for so long will see the market moving high.

As mentioned by OP, his friend rejected selling his coin during its ATH because he overly thinking that it continues to surge, he forgot about the nature of volatility and ended up full of regrets and desperation.

[seleme]

Emotional trading will lead to such bad consequences, there is no perfect time to leave the market, just do it when it is necessary to do so. Greed and fear can eat the trading capital if used recklessly. Trading is not a game, we don't have a second chance to trade the same market patterns at a unique time. From another approach, if your friend sold the coin on a 20% pump the continuation of the bullish trend will be pain for him.

Everybody likes to have perfect trades from time to time on where they do really target out to exit nor enter the market on the best time as possible.
When they do saw that it did price drop or increase even more after they had done their move then that would really be making out some emotional
feeling that you have must wait a little bit more but what if you do see the other way around where things go to opposite way?
Securing profits aspite of the price will always be considered as a good call because gains are gains and theres no taking it back.
Dont rush up because people do make mistakes due to this kind of behavior.

I agree with your point but it doesn't make sense to continue trading if the target has been met. According to the trading plan, if the target is 3% daily, better to take it and leave the market, greedy traders will want to take all pips on the market but it is meaningless after one point. Lets keep it simple and obey the rules we preset before starting the trading journey, otherwise, it is not too far to get rekt in case of a huge drop. Even one single red candle is enough to clear the major market players from the market after margin calls, stop-outs.

[Viscore]

Too much greediness will certainly ruin us and this is what happens to your friend.

I have this bad experience as well in the previous Bullrun. I thought everything will be fine, I thought the market will continue to move high, If you see on the speculations board that time, everyone is very positive and optimistic but suddenly, dumps come and give me the nightmare.

And from that, I learned a lot, and that we don't be positive always but also, we need to analyze the market if we have to sell or just hold.

[doomloop]

Isn't it just greed? No need to use fancy words to describe it, people might even think a different idea if they heard of it.

Hehe yeah and greed is the absolute description of watching your coins go high and low but not selling them.

Just call it greed, as it is. And she needs help imo if this isn't her first time having such an experience like this. Tbh, I myself have had greed take me, like a lot of times. That made me honestly realize to just stop and quit trading, call it quits, and just hold whatever coins I want till whenever I want.

I don't think anyone can help with how greedy someone is and the only possible way to avoid loss is that when you failed to sell at the peak price, at least sell it quickly once the price is dropping again. Like if the price touched $100 and you missed and it is dropping then at least sell at $90 before it eventually comes down to the original value or maybe even below.

Everything is happening virtually so whatever you manage to cash is your actual profit.

[wxa7115]

What happened to your friend was experienced by many traders, because sometimes we really have to feel that way in order to learn to control our
emotions when trading. Sometimes it is difficult to control the greed that we have, so stick to the plan is something that must be done. I think this is
an opportunity for you to motivate your friends again, if cryptocurrency is very volatile. So if it crashes, soon the market will quickly recover.

So starting all over again, try to give advice again to your friend not to repeat the same mistakes. I'm sure your friends can become successful traders,
because if someone fails to keep trying to get up, success will come naturally. Because experiencing losses in crypto trading is common and experienced
by all traders, but how do we get up and fix mistakes. This may not be owned by all traders.

I think that most people lose their money like this precisely because they do not have a plan, whenever you make a trade you cannot assume that you are going to win, obviously that is what we want but we need to have plans for every single circumstance that can happen in the market.

For example what happens if the market begins to go against your prediction, how long will you hold your coins? How much money are you willing to lose while you hope for a reversal? Will you buy the dip? And obviously you need to plan for success as well, what will you do if the price goes up more than what you thought? Will you keep holding? For how long? Will you buy even more coins? Until you have the answer to those questions then there is no point in trading or investing in the markets at all.

[Lanatsa]

Too much greediness will certainly ruin us and this is what happens to your friend.

I have this bad experience as well in the previous Bullrun. I thought everything will be fine, I thought the market will continue to move high, If you see on the speculations board that time, everyone is very positive and optimistic but suddenly, dumps come and give me the nightmare.

And from that, I learned a lot, and that we don't be positive always but also, we need to analyze the market if we have to sell or just hold.

Me too, it did really give me out some lesson in life and having those common line to be followed "Buy when everyone is on fear and sell when everyone is greedy"

This is the thing ive been following now when it comes to market trend.I have committed the same mistake as yours on that first bull run we do have where

everything is hyping and growing without realizing that I should have secured out my profits while its still at peak but due to greed you would really be
ending up on holding up and ask for more until you realized that its too late since the market had already flipped out.

[isaac_clarke22]

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Well sometimes it is unavoidable, like when you really need some money. You won't care about the trends happening around you anymore like "is everyone looking for some coins to be grabbed by those who panic sells?" or "is everyone looking to sell right now because of the bull run and wouldn't just hold a bit to get to the ATH".
I made the same mistake like back in 2018, especially when Bitcoin went below 7k like I thought I could never find opportunity to buy again then it fell below 5k.
It was one of my memorable mistakes.