Take out a profit with no regret

in LeoFinance24 days ago

IMG_5012.dng



I called a friend of mine today and he was one of the first people who I advised to buy bitcoin when the price of bitcoin fell to 15,000 USD. this my friend bought bitcoin around that price so today I was just scrolling through my contacts and I decided to message him and also ask him how his BITCOIN investment doing but I was disappointed with his response simply because most people are like that even though it is what I was expecting from him.

my friend said he already sold all his bitcoin simply because the government announced that they wanted to remove all P2P trading from all crypto, he was scared and thought we would not be able to convert our assets into money so he sold all his bitcoin. he’s already regretting his actions because of the performance of BITCOIN lately. people are always like that, we give excuses just to take out a profit. my friend has already made over a hundred percent of his investment which is why he chose to sell, which is very good but he sold early. 

Sometimes we make the right call

A friend of mine also bought Solana, but he sold it early when the price was around $50 but now the price is very close to $200. He regrets selling early but what I want everybody to know is that there is nothing like a bad gain or a bad profit  as long as you are making a profit on your investment you are making the right call but the reality is, we can do better, people that sell their bitcoin to buy pizza 14 years ago are also regretting now and they will tell you that is not the best financial decision.

investment is risky and if the price goes down after you sell, I know most people who are abusing you will praise you. There is no perfect decision until the end before you can judge because the market doesn’t respect anybody’s opinion, It doesn’t follow anybody’s command and it is very difficult to predict, so if you are making gains on your investment, it is a good thing, and never regret your decision because it can be dangerous.

Too much regret may lead to buying at the wrong time

people regret because they could have made more profit from the market if they had waited a little longer before taking out profit, and this can be so dangerous simply because the market has a way of manipulating people, and regret only means you are tempted to buy again, you are wishing that you could go back in and you might be lucky to make an extra profit but most times it is just a trap and what the market is trying to do is collect the little he has given to you.

most times we know when we should have done better or we should have hodl a little longer before selling, but immediately we take out a profit we must never regret or try to go back because these can only mean buying the market at the top. It is always better if we are satisfied with the little gained. As for my friend, I did not blame him for taking our profit early because if the price goes down from there I will be praising him but there is no point in regretting, the decision has been made already, and changing our mind can let us work
Into a trap.

Thanks for your time.

Posted Using InLeo Alpha

Sort:  

totally agree with the idea of taking profits without regret. It's very good to celebrate successes in trading. I've experienced the feeling of regretting not taking profits before, so this advice really resonates with me very well. Great experience bro

There is no point in regretting when taking profit, it is better to be satisfied

@tipu curate

Thanks for the tip😘

There is a lot of regret and it's very common for people to fall for that FUD. It's too bad that people will just sell out at the slightly hint of things going wrong and they should give crypto more credit.

Most people are trying not to lose their money but the focus should be long term

I wouldn't blame him, at least, he sold for profit and that's what matters most. Definitely, thinking long term can help but the future can be so uncertain and unpredictable with crypto.

A profit is a profit, although that guy was ignorant to have sold early because of his excuse of the government. I just think he'd have learned his lessons and probably would do better next time

People don't plan long-term when investing which is the major issue and why they sell any movement of the market