Serious post from a regular Joe who has been in the game since 2017 and made all the mistakes, but I finally feel like a winner.
I won't bore you with my whole journey, but in summary I invested a small fortune (5-10k) over several years through the bear market. Im not rich, but every time the market crashed, I bought more. It's a gamblers mentality... buy the dip and surely you will reap a quick return. Ignore what the parrots here say, it's not a good feeling when you buy something and it instantly dumps 10%. It doesn't make you a savvy investor "being greedy when others are fearful", it's stressful feeling like you just keep fucking up over and over again.
Fast forward, my coin took off more than most earlier this year. I had several days gaining 5-10k at a time. 100k profit was just a matter of time. Why would anyone cash out in that kind of market?? I'd go to bed expecting to wake up to 10 - 20k profit, and it happened more than once.
Fast forward again, flash crash.... and then a slow death.. my 80-90k was now 20k. Its not a good feeling. The fomo makes it incredibly difficult to hit the sell button. What if I sell and it goes 2x overnight??
Final fast forward, this time I had a plan and stuck to it. Recovered to a certain threshold and sold $20k of my stack. It wasn't easy. All I was thinking was how much it would suck if it boomed tomorrow. Since selling, the market has dumped and my coin is down 10%, and I couldn't feel better about it.
So at the end of this rambling, what's the point? In short, it's incredibly taxing mentally and emotionally when you have a large sum of money and try to milk every last cent of it. Moreover, most of the people here posting advice don't have anywhere near these amounts... so be careful who's advice you heed.
My advice as someone who started with little, made a lot, lost a lot, and was fortunate enough to get a second go at it: take profits. Fuck you money is the dream, but its rare and it isn't worth the mental anguish. It's good to take a win now and then, even if it's not a tattslotto sized one.
Happy trading!
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