Quote from: hichamito37 on August 29, 2021, 04:53:16 PM

Quote from: fiulpro on April 07, 2019, 06:50:16 PM

Selling or buying investments ?
As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-

1.   Our emotions
2.   Our lack of knowledge
3.   Hope !

Well you all can relate to the fact that whenever we are into selling something, we take hasty decisions, generally if the price is falling and we lack patience and even if we are scared that this can go worse in the future we generally sell and then regret moments later when we see it climbing ladder.
Even if the price is going great and its increasing we generally tend to regret if we sell it and the price continues to grow.
This is really hard once our emotions are involved with our investments.
I think that the best thing we can do is separate our emotions with our investments. We should kind of make a pact to never regret any decision that we ever made because in the words of Victoria Holt “never regret, if it was good , its wonderful and if its bad, its experience.”
I think what’s important is taking into account every single detail in the market regarding our investment and at the same time emotionally detaching our minds and making stable decisions and that’s what makes a investor successful.
Also someone has truly said “the investment market takes money from the hasty one and gives it to the patient one”

I feel hope is the most important of the three , Because if you don't have hope , Believe in BTC, you won't be able to control your emotions, For example you are panicking about the market price . Is going down but you still hope and believe it will go up of course you will never sell your coin . One out of 3 all are factors for being a good investor but if you have no hope and faith in the project does this motivate you to invest or keep it? . So I myself choose hope.

The problem with hope when trading is that by maintaining it you can lose it, in Jesse Livermore's book he speaks precisely of hope that is usually a problem and weakness of a trader, it is better than when a movement goes against, the loss must be cut, in the case of profits the opposite occurs, people tend to cut losses and not lengthen them, that is very common, when a target is established and it is touched at once they take the profit, instead of keep lengthening the win to see how far you can win.