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RE: How to Minimise Stress from the Crypto and Financial Markets Sharp Corrections

in #cryptocurrency7 years ago

You are young. Usually the younger people have more nerves and can be hodlers. Me... I don't have nerves of steel :) Always afraid profits would slip away. This is from experience at Bursa Malaysia. There were times when some stock would go up, and I'd hold. Hoping it will go higher. Then it'd slip...and come back to square one. I would be regretting not taking profit.

On the other hand, there were also those times when I did sell to lock in the profit. Then it went up some more - much more than my selling price! I'd be regretting that too.

So now I'm hedging - sell some when something reaches a certain level. But not all, in case it goes up some more. So far this strategy seems to work for me in the crypto market. Had sent back and sold one-third of BTC at Luno a few weeks ago. The price was RM21k at that time. Quite fortunate as it turned out. Had used the RM to buy again when BTC fell.

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