Let me tell you a story.... back in late March I bought a ton of stocks. Amazon, Google, the Apple, the majors and also so big picks... Twillio, Shopify, some good Chinese ones... my plan was to have the market bounce back and sell. It did more than that....
But I sold after making just 15% having bought in at a bottom that meant it was almost impossible for me to lose my investment.
I was new to stocks and new to that sort of money. I came into a chunk of money just prior to the crash. I could have made so much in the last year has I held on to those stocks.
Anyway... I made a couple grand and I still had the money. Scared to get into the stock market with fears of another crash, I had faith that the crypto market was more resilient having pushed back quicker. I have a lot of bags. BTC ETH LINK XLM and I bought few more little ones like EWT and DOT. I have made a lot this year... and I am wondering if it is time to take my wins ans walk away from the table.
My thinking before...
But I fear that I am about to make the same mistake. Selling up just before a major run.
I regretted those stock sells for ages... only my gains in crypto have made me forget about them.
Am I about to make the same mistake again? In your opinion. (I get it... this is not financial advice blah blah blah)
Apparently not financial advice; but the crypto market is still far away from peaking. But if you've made some money, you need to take away some gains off the table.
Need to have some balls for the crypto market. It's already risky enough to walk away with small gains.
Thanks for the article and for the the reply. I tend to agree. And believe that last time was a lesson to learn from. But to just temper greed and have an exit plan.
Let me tell you a story.... back in late March I bought a ton of stocks. Amazon, Google, the Apple, the majors and also so big picks... Twillio, Shopify, some good Chinese ones... my plan was to have the market bounce back and sell. It did more than that....
But I sold after making just 15% having bought in at a bottom that meant it was almost impossible for me to lose my investment.
I was new to stocks and new to that sort of money. I came into a chunk of money just prior to the crash. I could have made so much in the last year has I held on to those stocks.
Anyway... I made a couple grand and I still had the money. Scared to get into the stock market with fears of another crash, I had faith that the crypto market was more resilient having pushed back quicker. I have a lot of bags. BTC ETH LINK XLM and I bought few more little ones like EWT and DOT. I have made a lot this year... and I am wondering if it is time to take my wins ans walk away from the table.
My thinking before...
But I fear that I am about to make the same mistake. Selling up just before a major run.
I regretted those stock sells for ages... only my gains in crypto have made me forget about them.
Am I about to make the same mistake again? In your opinion. (I get it... this is not financial advice blah blah blah)
Apparently not financial advice; but the crypto market is still far away from peaking. But if you've made some money, you need to take away some gains off the table.
Need to have some balls for the crypto market. It's already risky enough to walk away with small gains.
Thanks for the article and for the the reply. I tend to agree. And believe that last time was a lesson to learn from. But to just temper greed and have an exit plan.
May this bullrun make us rich
This is cure for a lot of sleepless night...