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?
Easy to say but when you are on such condition then you would really be having that hesitance on doing so. The primary thing that comes up into your mind is that what if the price would shoot up even more?
Lets say basing up into that example you have said that SOL pumped to $300, then the primary thing that comes up is that the price might go to $500? This is why you would really be holding up your position because you are really that wanting to have more and thats inevitable or everyone will really be thinking up this way and this what makes that holding up our position and this is where people do missed up that opportunity on securing their profits. Regrets do always come at the end and not on the beginning and this is why that decisions will really be that vary according into your risks tolerance. There would really be those factors on which it will really be affecting your decisions on which it will really be that depending whether you would be holding up even more longer or you would really be that securing profits. If it turned out that you are accumulating for the sake of long term holds then this wont really be that much of an issue. The only best thing on here is that you should be that securing that profits or sell out when bull run peaks because once that bearish market starts then this will be giving out that kind of feel of regret.