01-10-2022, 12:22 PM
Why I'm going to start taking profit (and you should too)
<!-- SC_OFF --><div class="md"><h1>+205%</h1> <p><strong>That's how much my portfolio had gained at one point last year.</strong></p> <p>Life was really looking up. I had hit my goal for crypto gains for the year and I considered taking some profits.</p> <p><em>"Maybe just my initial investment,"</em> I thought to myself.</p> <p>But no, I'm a HODLer. I believe in the tech long term. I believe that the coins I'm invested in, will in 5-10 years time form the foundations of decentralised AI, finance and web3.0 infrastructure.</p> <p>"<em>I'm likely to see a bear market or dip soon"</em> but who cares?</p> <p>The short-term dips won't matter in 5 years time!</p> <p><em>"These kinds of gains take years in the stock market, and I've seen them in less than a year".</em> I was naive, waking up to my portfolio at higher highs every morning.</p> <h1>-8%</h1> <p><strong>That's my portfolio today.</strong></p> <p>All those unrealised gains, lost. Everything that was once beautiful flourishing green, is red like the blood of a slaughtered goat.</p> <p>I considered selling some of my gains at the top, but I was too greedy. I wanted more. Had I taken some profits, I would've had the opportunity to buy in at much lower prices.</p> <h1>What am I going to do?</h1> <p><strong>I'm still HODLing.</strong> But I've decided during the next bull run, I will take profit <strong>(nothing massive, the initial investment or less)</strong> and hold those funds in wait for a significant dip. The dips do come and will come and I think it really benefits your mental health to be able to take some amount of profit.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/rdood2"> /u/rdood2 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s049st/why_im_going_to_start_taking_profit_and_you/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s049st/why_im_going_to_start_taking_profit_and_you/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><h1>+205%</h1> <p><strong>That's how much my portfolio had gained at one point last year.</strong></p> <p>Life was really looking up. I had hit my goal for crypto gains for the year and I considered taking some profits.</p> <p><em>"Maybe just my initial investment,"</em> I thought to myself.</p> <p>But no, I'm a HODLer. I believe in the tech long term. I believe that the coins I'm invested in, will in 5-10 years time form the foundations of decentralised AI, finance and web3.0 infrastructure.</p> <p>"<em>I'm likely to see a bear market or dip soon"</em> but who cares?</p> <p>The short-term dips won't matter in 5 years time!</p> <p><em>"These kinds of gains take years in the stock market, and I've seen them in less than a year".</em> I was naive, waking up to my portfolio at higher highs every morning.</p> <h1>-8%</h1> <p><strong>That's my portfolio today.</strong></p> <p>All those unrealised gains, lost. Everything that was once beautiful flourishing green, is red like the blood of a slaughtered goat.</p> <p>I considered selling some of my gains at the top, but I was too greedy. I wanted more. Had I taken some profits, I would've had the opportunity to buy in at much lower prices.</p> <h1>What am I going to do?</h1> <p><strong>I'm still HODLing.</strong> But I've decided during the next bull run, I will take profit <strong>(nothing massive, the initial investment or less)</strong> and hold those funds in wait for a significant dip. The dips do come and will come and I think it really benefits your mental health to be able to take some amount of profit.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/rdood2"> /u/rdood2 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s049st/why_im_going_to_start_taking_profit_and_you/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s049st/why_im_going_to_start_taking_profit_and_you/">[comments]</a></span>Kind Regards R