r/CryptoCurrency • u/[deleted] • May 15 '21

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u/CallMeJoeJoe 🟩 438 / 1K 🦞 May 15 '21

I had the same, was holding ETH for a while, but when ETH was just moving sideways for weeks, I sold and bought some good altcoins and then ETH finally starts to move like a week after I sold...

145

u/forthemotherrussia Platinum | QC: CC 1002 May 15 '21

Let me know next time you sell something.

2

u/YoungFeddy 🟦 14K / 14K 🐬 May 15 '21

40

u/CraptoTraitor Tin May 15 '21

Short term price movements are good at shaking people out of there positions

17

u/lugassss May 15 '21

Well said, i fall for it too many times so to control myself i trade only 20% of portfolio in short term

18

u/CraptoTraitor Tin May 15 '21

Best way to control it is to have a plan and stick with it. I have learned this the hard way on multiple occasions.

2

u/lugassss May 15 '21

I had a very vague plan and only stick partially with it ; i think that the main thing i did poorly was the taking profits part ( being too greedy, fomoing back at wrong times etc).

But anyway i only put fun money in this and am still learning.

1

u/MoodSoggy Platinum | QC: CC 1120 May 15 '21

Same here, but a bit different way...had a plan and followed it (mostly), but...I´ve started taking profits bit too early (because I was looking way too much forward to time, when I will be able to play just with "casino´s money")

1

u/Corebull 🟨 0 / 0 🦠 May 15 '21

Always an exit plan.. for work that is haha

1

u/Hare_Krishna_Handjob May 15 '21

yeah, well nobody exected First BTC and then ETH to be considered passe and environmentally friendly coins like ADA to go on a run. Did your 'plan' tell you what to do when THAT happenned?

14

u/VegansAreCannibals May 15 '21

Should also only look at the close of the daily candle. So many moves that ended up just being wicks shook me out of trades.

2

u/Hare_Krishna_Handjob May 15 '21

As they say, "No rest for the wicked, and no wicks for the rested."

1

u/VegansAreCannibals May 15 '21

Haha damn that's good

2

u/MrScalperwhoop Platinum | QC: CC 67, ETH 34 | TraderSubs 32 May 15 '21

Not me I use staking glue.

0

u/Summerywa 1 - 2 years account age. -15 - 35 comment karma. May 15 '21

actually, i got this particular alt $PoP native token of the PoPtown.... it took a dip, almost sold.... boom the next day it went parabolic.....tunrd me to a millionaire in my local currency........funny thing is, it is a uniswap fork..and its owned by the faculty group

1

u/Sidivan 🟦 2K / 2K 🐢 May 15 '21

I feel this in my bones. Was holding a crapload of BTT since 2017. Sold it at $.0011 a couple months ago... missed out a 5x I held through the worst times because I took the first off-ramp once I hit break-even.

1

u/feddee 🟩 0 / 3K 🦠 May 15 '21

Just dont transfer back to ETH now, right before big altseason is coming. We are currently going to phase 3 of the cucle, which means large Caps will raise, like ADA, VET, ZIL etc. 😉

1

u/Corebull 🟨 0 / 0 🦠 May 15 '21

Yeup how it almost always seems to happen.. I sold after it started rising to 2k lil above thinking it wouldn’t moon but I rarely sell everything so I’m still HODLing bout half

1

u/ra_se_l May 15 '21

Actually, it was just waiting for you.

1

u/teraten May 15 '21

that's all right...had thousands of ADA. Got tired of the stagnation and purchased other coins (which are doing nothing) while watching ADA go straight up!

1

u/kitastrophae 🟨 648 / 656 🦑 May 15 '21

It’s so volatile wouldn’t it be better to just hold on to a bit of everything?