You are viewing a single comment's thread from:

RE: Basic: Cash-out some of your profits when others are celebrating !

It is always a tricky subject. Trading is hard, there is no debate about that. Timing markets is very difficult, especially for the average person.

For that reason, HODLing is often the best approach. However, it is a terrific reminder to take profits when you can. After all, there were many projects that people wanted to HODL in 2017 (and did) which are now dead.

So it is a fine line that all of us have to navigate.

Posted Using LeoFinance Beta

Sort:  

Indeed HODLing projects you believe in (no trading for sure in my case as I suck at it). Nevertheless, even for best projects, selling some coins make me less stress about dips as I have stablecoins in case I want to join back in.

But as you stated, the line is so thin between HODLing to death and jumping off dead projects...

Posted Using LeoFinance Beta