I have made some legendary moves in my trading career, but they don't always feel that way in the middle of it.
Holding until your convictions come true is the only way to reach the legendary stage - Here's a thread
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I have made some legendary moves in my trading career, but they don't always feel that way in the middle of it.
Holding until your convictions come true is the only way to reach the legendary stage - Here's a thread
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On January 14th of this year, I bought into an underpriced token called LBI - read more about that experience here:
https://leofinance.io/@ecoinstant/deal-of-the-week-i-just-bought-4451-lbi-tokens
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LBI is a 'LEO-backed token' run by the same people that run SPI - You can follow the project on the @lbi-token account.
The idea is that the growth gets compounded back into LEO and also pays out dividends each week.
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In fact, you can check out their most recent fund update post here and see that each LBI is backed by 2.13 LEO worth of value now!
https://peakd.com/hive-167922/@lbi-token/lbi-earnings-and-holding-report-or-year-02-or-week-33
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Back then, LBI was only worth 1.6 LEO per token, but I knew that this was a medium term play, and that the longer I held, not only would LBI's management come into play, but also I would be earning LEO dividends in the meantime.
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I managed to sell some at 0.288 HIVE, and I wrote a post about that experience, and expounded a bit more on my strategy at that time, one which made a simple 2x look small.
https://peakd.com/hive-167922/@ecoinstant/lbi-update
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In the meantime, I've been earning more from LBI divs than I do from making posts!
But other than that, there hasn't been much action. All the fundamentals are good, the price points are still in my favor, I am making good dividends, but this trade is in the doldrums!
What am I waiting for?
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So when you are in the doldrums, you have two choices - let the trade go - or keep holding on.
How to make the decision?
One thing I like to do is review the fundamentals of the trade - why you got into the trade in the first place
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