You are viewing a single comment's thread from:
RE: [Vlog] Hedging EOS ahead of launch
Interesting, I did exactly the same thing for almost exactly the same reasons. Having bought the bulk around the same time as you, I offloaded a portion of my holdings a few weeks ago as the last pump started to deflate and I must say, the sell button was harder to click on EOS than for anything else I have sold in the past. I both believe and hope that that cost me a great deal vs a HODL strategy but like you said, risks need to be mitigated.
Sometimes you need to forgo the prospect of making maximum profit in favour of risk mitigation.
I'm comfortable with the fact that I made the "right" decision at the time even if (in hindsight) it turns out I could have made more money.
Indeed, it's a mindset I learned playing poker. You don't stay in an expensive hand when the odds on catching the card you need to win are small. You lay it down because that is the right call with the available information at the time. If the card happens to fall afterwards you don't regret the decision.
Yep - I used to play poker too... A lot of the principles there translate into crypto trading quite well.