Panic loss me 10800$ , so patient is the key

[Grey Storm]

Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you

[Zoe]

everyone certainly does not want bad things to happen. Therefore, we must be more careful and make the experience as a future learning to be better. we know that we can get a big risk if we are not careful.

[sibolis]

You don't loss any cent.  You buy at .00004600 and sold at .00004800, so you have profit .00000200 for each token/coin.  You can't say you loss millions of dollar for not buying lot of bitcoin when the price is below 1$ and sell it at 20k each.

[daviost]

You dont loss exactly.  You just don't get the profit a lot. everything can happened in this crypto world. Just invest when in the deep and sell at the peak.

[ayatoslaw]

I also experienced it, I also lost big profits from NEO, when I got a bounty prize, neo was still very cheap, and because at that time I was crazy about gambling I played neo and lost a lot,
and a few weeks after I sold neo, neo prices rose to 200 usd after that I didn't want to sell my assets anymore, whatever the reason.

[Tayecrypto]

Thought you sold at loss when the dip is going dipper. Don't regret for your actions you made atleast you made little profit or what if it was the reverse case? Won't you also regret for not selling it when it rise. Patience is  important in trading and don't feel regret for any action you made.

[Lighthouze]

Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you

There's potential loss and gain. In actual fact, you did not lose any money, that was a potential gain for you

[odaten360]

I'm sure that majority of the members here have experienced what you have gone through. Its really a expensive lessons to learn. Back in May I also have the same predicament, I needed money that time and I don't want to sell my investments. However, I don't have a choice so I let go and dump everything, and then in the next couple of days the price spike and pump hard.

[dominoes]

There are difficulties to understand the next motion of price which we didn't know the possible step whether goes down or it goes up. The complex type to understanding the exact movement is really hard.

[dauletbaeffberdakh]

Now do not sell tokens.
  I have not sold anything this year. My tokens are very cheap)

[sugarchrisp]

I think this is a really dangerous way of looking at it.  You got out in profit, and you made money.  That should be enough.  If you constantly think about how much higher things can go, you could very easily miss out on profits all the same thinking, I'll wait, it'll go up more.  It's easy to see what you should've done when you already know how it played out, but there's no certainties in trading crypto.  If you want some advice, if you want to hold out for bigger profits, simply sell some of your stack and save some to sell at higher prices and sell it incrementally.  Additionally, if you want to wait till things get higher, set a stop loss to sell everything if it falls below a certain price you decide.  Try to take emotions out of the picture and trade purely to make money.  Getting a 10-20% profit on a trade is HUGE and I think it's really important that you recognize that.  Chasing moon shots is risky as hell.

[KaptenCacing]

the point of u is "good coin"
when u hold coin with no future, sell when u profit is better than holding

[PhiliPPs]

If you look closely at your numbers, then you have not lost anything, in general you just did not get the maximum profit, but still you recorded profits!

[leodiaz]

Being patient is one of the keys to trading in crypto. Like stocks, this bitcoin trade will also go up and down. So there is no need to panic if prices suddenly drop quickly. Hold your coin and wait until the target you set.