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 whats 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 thats 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 absolutely agree with that. And most often the problem is precisely this.
But everything is very simple. First, study good, think out a plan, calculate risks. Then act according to plan. Even if emotions appear, you still have to follow a pre-conceived plan. If in the end you made a profit - thats good, look again at all the details of this plan and finalize it. If you lost money, then think what was the reason, then change the plan of action and start again.
And it is important to understand that money can be easily lost, and this should not cause any emotions.
You also need to remember about unexpected events that could not be foreseen.

leoqe

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