Post
Topic
Board Trading Discussion
Re: Don't buy what you can't hodl.
by
VanityWallets2015
on 27/01/2021, 17:55:28 UTC
So easy to say but very hard to follow Especially for long term investors. It's never a pleasant thing to invest in a coin and then watch your investment go low. I have come to realize that in any situation of the market, patience is much needed and also your choice of coins for investment and time of investment also matters. A simple way out is to plan your funds, dont fomo, buy at more dip, take profit at intervals.
in fact, it is very difficult when things don't work out according to reality...
every trader or Hodler must feel very heavy pressure when they see the assets they invest in decline in value. be patient and continue to believe is something that must be instilled in your head. Don't do stupid things like cut losses when the value of your assets drops a little.

As they say, “patience is a virtue” and with that being emotional is not also good in this industry.
You should have a strong mind, heart and determination in order to fulfil the investment that you have started.
There are always risk in every financial decision we make, thus we should aim for the direction that profit will be gained.