I think that we should not forget to take the profits.
A lot of us probably saw how things can go down in a minute. There is nothing wrong with taking profits right? That is why we are here. We want to earn some money so we can make our lives and to those around us a little bit better.
I learned two things:
- don't be greedy and take profits
- don't sell all of coins where you are in profit. Leaving some small bag will give you a peace of mind
Basically, we need to learn to control our emotions and don't look at the charts all the time.
If there is something worse then checking the charts all the time then that would be selling and then checking the charts to see if you did good or bad. You sold. Take it easy. It kept going up? So what.
You still have a bag of it in your wallet.
Price starts going down? So what, you sold some and took some profits and the price went down after it.
DCA out is a good way to earn some money without selling all of it at once.
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