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57304608 No.57304608 [Reply] [Original]

Even when it's for a meagre 10-20% profit? And no, I'm not talking about 20% profits on a $50 investment - I'm talking about a few grand there and there.

I just offloaded a couple of shitcoins I re-examined and figured there was shit I hated about them. Sold them into Eth today (one for 10% profit and another about 25% profit) and I feel extremely relieved and relaxed. Any psychological explanation for this phenomenon, anons?

>> No.57304622

>>57304608
You materialized gains that didn’t exist until that very moment. The possibility of a loss is also mitigated, so it’s a double dopamine release right there. I do hope my kas and fun holdings will yield the same effect once I’m ready to let go

>> No.57304632

>>57304608
>Even when it's for a meagre 10-20% profit?
if that profit is taken on the bitcoin rate. then its a good profit.

>> No.57304652

>>57304608
It's called being a competent trader. Anyone who makes money trading long term will tell you one rule: take profits. Doesn't matter if it's stocks, commodities, crypto, whatever; same rule applies. People get in trouble because they are greedy and think they need to "make it" with one big trade with 1000x. They don't realize that reliable, low-risk growth comes from many small, profitable trades. They don't have patience.

>> No.57304673

>>57304652
this one right here.

the first time i took profit i was scared to sell even thou i was heavy in the green, thinking i could sell later for more.

so yea psychology plays a big part in that, as we are all humans after all

>> No.57304712

>>57304652
Yeh I had this logic a few weeks ago and I sold an altcoin for 10k profits and now the stack I had would be worth $50k today just a few weeks later

That’s a whole Bitcoin and a hit that I could have bought today if I had just held a few weeks longer

>> No.57304723

>>57304712
go tell that the GameStop bros they need to hear it

>> No.57304893
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57304893

>>57304608
Good stuff OP. I'm trying to condition myself to SELL, instead of dreaming of bigger gainz and inevitably getting rekt.

2 days ago I made a ton on a skyrocketing low cap. Sold at 40% gain. It eventually went up 55% buy who cares?

>> No.57306801

>>57304893
i always feels like shit selling early, because it always pump after i sold
then im gonna buy back lower after dump, only to get dumped more after
i wanna kms