What are your thoughts on selling when the market rises?

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GrimNovaMember
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#1Sep 14, 2021, 09:03 AM
I've been hanging around this forum and it seems like holding onto your investments is key for anyone looking to really benefit. Patience is super important on this investment ride. Some folks just can’t handle seeing their investments drop by 10 or 20 percent. The moment they see those numbers, they freak out and sell, not realizing the market is just adjusting itself. Then, they end up regretting that hasty decision. So, if you sold and then the market started bouncing back, how would you feel about it?
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vault_alphaHero Member
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#2Sep 16, 2021, 05:23 PM
This has happened to me before, so I'm in the best position to state how I felt or how I will feel if it happens again. It wasn't a nice feeling, especially when the money involved is much. It got me so angry with myself, but then, my liquidation has helped me in other assets, so that has been my consolation. What I believe is that no one can be perfect in their trading or investment decisions, but if we deal with reliable crypto assets like Bitcoin, we can be safeguarded to a high degree if we plan it well. This is why I love to buy Bitcoin when it has significantly dipped rather than buying it anyhow as some people preach. Doing that gives me more confidence that sooner or later, it will return me into good profits. So why the rush for liquidation?
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GrimNovaMember
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#3Sep 16, 2021, 06:01 PM
Well I had some discussions with someone who happened to also have invested in bitcoin and partially doing some trading but wasn’t stable or do I say he wasn’t consistent on his trading journey but often love selling when he sees that the market is a bit greener and by whenever he thinks is a bit red, so unlikely for him he bought and was thinking that was the lowest before he knew it market dips more and he wasn’t able to exercise patient to watch the market and he immediately sold off just to secure his profit and after he did that the price changes. He was like what a hell!
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maxi2017Senior Member
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#4Sep 16, 2021, 07:58 PM
Hey, you are not the only one who messed up like that.  The important thing is to learn from it, like, right now.  And dont beat yourself up about it. Honestly, the smartest thing to do is start a DCA plan to get back into the game bit by bit.  Use this as a chance to make a new rule for yourself, one thats not based on feelings, for when the next dip happens.
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mr_satoshiSenior Member
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#5Sep 17, 2021, 02:06 AM
It will mostly be regrets and a lesson that your psychology needs working on to make you a better holder. The truth is most holders get concerned when the market takes a slump, but the reaction is what is different. Holders with a strong psychology do not react impulsively because of how matured their psychology has become. As a holder, you have to work on your psychology just as traders too because that will be your edge against impulsive reaction.
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jake365Full Member
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#6Sep 19, 2021, 02:47 AM
I don't look back. If i sell on -10% or %20 percentage loss, i am not looking only at the numbers, but i have a reason to believe it's going further down, or even beyond recovery. If it does, i saved my money by not being greedy. But if it goes up, then good news is that i left a small moon bag, because i rarely sell everything. What i am not risking is all of "shares" on that bag, because for so many times i have become the bagholder on never recovering project.
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lord_gasMember
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#7Sep 19, 2021, 02:55 AM
Experience is the best teacher, and as a trader if we stick to our analysis then we would not always make the mistakes of selling and end up seeing a big pump. But anything is bound to occur in the crypto currency space so when we witness such scenario we always learn from it and next time we would not fall into same scenario. But that feeling of selling before a big pump hurts like such a trader was so close in making cool profits then suddenly miss out the trend like that shit hurts to be honest.
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vault_cipherFull Member
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#8Sep 19, 2021, 07:53 AM
Before you invest in bitcoin, you are suppose to know the basic things about bitcoin investment, you shouldn’t just jump into investment without having proper understanding about bitcoin, because if you invest without taking your time to learn about bitcoin, then you might end up losing money at the end. If you have a proper understanding about bitcoin before investing, then you should know that bitcoin is volatile in nature, so you should expect a loss to happen after investing, but you should know that if you can hold, it’s going to end up bouncing back, bitcoin price dumping shouldn’t be a problem as long as you are planning to hold for long term. If you panic and sell your bitcoin, if bitcoin price bounces back, then it’s going to be so painful, all you will do at the end is just to regret.
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HyperGweiSenior Member
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#9Sep 19, 2021, 10:09 AM
There is nothing you can do when you sell a coin and it starts pumping, it was your decision to sell, so you ought to stand by it. You can buy again if you are worried and affected by that familiar FOMO feeling. That said, there are certain coins you shouldn't be concerned about after you sell it, particularly pump and dump coins. You could sell them and it seems like they are pumping, but sooner rather than later the rally will be short-lived and the coin comes crashing down. And if it is bitcoin you are hodling, then you have to be really sure before selling it, and try not to sell 100% of what you own.
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satoshi69Member
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#10Sep 19, 2021, 03:53 PM
Everyone have fall victim of this just that the good thing is that everyone is going to learn from it, because when you sell and the price comes down, then you will be full of regret so next when the price comes down you will want to even buy more that is how it works. There is nothing to worry too much about is just for everyone to take responsibility and move on and buy more. DCA is the smartest move to make when it comes to a good investment plan DCA is the best and when you are committed to it, things are made easy but now people are really understanding the advantages of doing DCA because that's like one of the easiest ways to invest in bitcoin especially does that are not financially strong, with DCA they can still archive there dream with that.
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just_h4wkFull Member
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#11Sep 20, 2021, 03:00 AM
When you are new to investment or holding you might tend to make this mistake of selling when the market is going through a dip out of fear or impatience but the more you do that you would not benefit anything, you will always incur losses. Selling off immediately isnt the solution. If you are the type that lacks patience it's better to go into trading where you can take advantage of market changes than hodling for a long term
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im_sageFull Member
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#12Sep 20, 2021, 07:58 AM
like honestly selling and then suddenly seeing the market go back up is one of the most frustrating feelings for any investor out there. it makes you feel like you acted too quickly and missed out big time. but this is normal!! it happens to almost everyone at some point! the key is to learn patience and have a clear plan before investing, so you don’t panic sell on every dip that happens. if the fundamentals of what you invested in are still strong!! holding surely pays off better than reacting to short term moves.
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alex_shardSenior Member
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#13Sep 20, 2021, 09:18 AM
When you sell and market such in the opposite direction,  it is not good to continue holding a trade , so you should as quickly as possible to preserve your equity which you can use to enter the market again in line with predominant direction. There is something called stop loss that can do what described previously automatically. It is always recommended for every trader to always stop loss on every trade.
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chris365Full Member
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#14Sep 20, 2021, 09:40 AM
What many will do is to try to get back into the market immediately which is not right and can lead to losses. Market panic should now be what should trigger an investor or he’ll risk losing most of his money. When I sell and the market started regaining it self, I’ll just assume that the market is trying to trick me into trying to get back immediately again. And if that is not the case, then it’s going to be obviously that the win wasn’t for me, and I should try another time again. It is really painful, but once you get contended and accept some certain things about the market, you’ll be free from big risks that will lead to lose of money.
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wallet23Member
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#15Sep 20, 2021, 03:47 PM
Nothing because I'll still have some coins left in my wallet because I don't sell everything that I own at once. I did similar mistakes previously and since then I don't make that mistake anymore. The only time I'll sell and not have any coins left is when I'm existing the market for that particular project but I don't do that much often therefore I'll always have some coins left. Traders don't have to panic when they sell and the market begins to rise, it doesn't mean that that they made the wrong decisions because you aren't selling in losses but should have already made profits before you sell and for those selling in losses, that's a mistake they shouldn't do next time.
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nickprotoFull Member
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#16Sep 20, 2021, 06:25 PM
I used to care. But sometimes I'd go for a walk or take a week's break and find the price turning unfavourable again (for the trade I wanted to make). I think you're better off making a consistent and "semi-guaranteed" profit than a poor and sporadic profit, or even worse, complete indecision.
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ericnovaSenior Member
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#17Sep 21, 2021, 09:30 AM
It is a common practice for an advanced trader to sell when the price starts to move down in order to then buy back at a lower price. But beginners, unlike experienced traders, are afraid to buy back an asset when the price drops, as they believe that the decline will continue. And then they will regret that they were afraid to buy, while the price of the token has recovered.
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w1z4rd100Senior Member
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#18Sep 21, 2021, 02:34 PM
Well, in trading, you must not mind that anymore. Not important anymore, if it's a loss, consider it as a loss already and prepare for your next trade, because you don't expect that, that's how the market works. Because there are still a lot of good position opportunities in the future, if your previous trade didn't go to your plan and you closed it for a reason, so be it.
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ape_2018Senior Member
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#19Sep 21, 2021, 06:18 PM
You are talking about Trading or investment, are you? I would like to say about investment which is safer and more likely profitable than trading but this topic was created in a Trading board, and from your topic title to your topic content, I am confusing about your purpose with this thread. With either trading or investment, your actions are in a same market which is very unpredictable and mostly moves oppositely to what is thought and predicted by the crowd, and most market participants. Therefore, you must prepare against surprise if your market prediction is wrong and the market mostly moves opposite with your price prediction. Luckily, in long term, market is upwards and if you invest, not trade, you will get profit by holding your bitcoin. The chart of Bitcoin yearly candles shows you how Bitcoin is very bullish on yearly timeframe. https://charts.bitbo.io/yearly-candles/
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paulyieldSenior Member
Posts: 518 · Reputation: 1547
#20Sep 23, 2021, 10:00 AM
Sold my little side altcoin holding to tap into additional profit which is STBL at low, or I should say it trigerred SL and the market picks up again. It sucks but it's part of the game and i'm already so used to it. I won't do anything such as rebuying or something like that in impulse though, it'll just make things worse.
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