Many feel "regret" after taking profits because the price of the assets we sell has increased again. So, what should be done to avoid regret?
*#1Understand That What Has Happened Cannot Come Back.**
Many always experience regret with various thoughts in their heads such as. "Wow, the profits can be used to buy this and that". In fact, we cannot change what has happened and all events in the market are "random" and no one can know it.
*#2Focus on the Future.**
Crypto is a market full of surprises and opportunities. Rather than regretting everything that has happened, it is better for us to focus on the future to welcome the various opportunities that exist because when we miss one thing, many other things will come.
*#3Apply Moonbag Strategy.**
Moonbag strategy is based on the thesis that no one knows how high the market will move so rather than selling the entire position we have, it would be better to leave some positions to "be on the safe side" if the coin still rises many times over.
*#4Profit is Better Than Loss.**
Regret after taking profits is a form of greed which is built because someone is not grateful enough. Be grateful for the profits that exist because profits are much better than losses. Many people outside work hard to make money while crypto traders only need to be in front of the screen. Let's be more grateful.
1. all in on 1 crypto coin 2. not leaving any cash 3. too trusting with margin call 4. not knowing enough 5. always check portfolio
steps to fix :
1. certified asset 70% bitcoin 30% alt coin 2. follow the narrative not emotions 3. don't go all in you still have to have cash 4. max. 10% of the portfolio if you want to trade 5. As a retailer, we enter when the price drops, it is not easy to find where there will be an increase and do not feel too left behind if there is a coin that rises, because there must be new coins that will be listed and according to the narrative of the market grabber 6. Look at the fear & greed index 7. Apply the moon back strategy, go up, take capital, then let the profit peak until the end of the circle 8. Keep your emotions in check, continue doing activities like normal days because whales always wreak havoc on the ocean, as small fish we just keep quiet and observe when the whale will start to get tired because there must be a limit to the whale's movement (tired) and maybe that's where we also have to be smart in taking opportunities and providing cash