Post
Topic
Board Altcoin Discussion
Re: Lesson learnt, secure your profits when market bull mode
by
Taskford
on 19/03/2025, 09:05:36 UTC
I have learnt a lesson: we must secure our profits during a bull run. We must have a goal about our holdings and need to set a target where we have to sell. Otherwise, like me, you may regret it later. I am holding a couple of major altcoins like Solana and Ethereum. A few days back when Trump launched his own token, SOL was pumped hard. It was nearly $300, but a couple of days ago it had dropped $117.

So the gap between the top price and the current price is a lot. That has driven me to think we should have a goal and sell when we reach our target. If I were sold in a top or near-top, then I could buy it again at a cheaper price. Also, I would have a handsome amount in profit. What do you think?

Common issues raise when there's a bull run came with some traders is they get greedy to possibly get a lot of profit. That's why instead of earning from current condition we have, they end up losing its because they had been caught up with the dump then became greedy again for looking about possibly recovery and earn huge profit. This thinking should be eliminated since what I think the best approach to be made is to sell when we are in profit and don't care about other else that can make us greedy.

Those situation happened to you is another indicator that same mistake would happen to other people if they are not careful on what they are doing.