The recent transactions of
#BSC链热浪来袭 on the BSC chain have deeply touched me; it can be said to be a painful experience. I once bought Dragon One when its market value was only tens of thousands, but because of my lack of patience, I sold it too early and missed out on the subsequent surge, regretting it afterwards and cursing myself for not having a broader perspective at the time.
Later, when CZ recommended it as a top pick, I bought in at a market value of 500,000, and watched as the market value skyrocketed to over ten million. This time, I chose to hold on, as my previous mistake with Dragon One made me determined to have a broader perspective. During this period, my optimism about CZ led me to continuously increase my position, raising my cost basis. As a result, when the market turned, the market value has now dropped back to 250,000, almost losing all my capital.
Similar situations have occurred with multiple cryptocurrencies like Palu, where after making profits initially, I failed to take profits in time because I wanted to maintain a 'broader perspective', ultimately causing my profits to evaporate, and even turning gains into losses. In retrospect, if I had consistently adhered to short-term trading and taken profits when they were available, I wouldn't have lost on any trades. However, it was my obsession with being a 'diamond hand' that caused me to miss multiple opportunities to secure profits.
This experience has led me to rethink my trading strategy: should I decisively take profits at key points, or continue to hold onto the so-called 'broader perspective'? Perhaps in a market like BSC, flexibility and adaptability are the keys to survival.