Explosive Breakout Waves: Donโt sell a racing bike to carry a few Cub 50s that still havenโt started up.
โA very common mistake when the market is rising is to take profit from coins that are strongly growing (Winners) and move the money into coins that havenโt risen yet, thinking, โThis one has already runโso the other one will be next.โ
โIn reality, the market doesnโt operate like a line waiting for your turn.
โA leading coin in an uptrend usually has strong momentum, solid fundamentals, and attracts a large inflow of capital. Meanwhile, a coin thatโs lagging behind may not be lagging because, โitโs not its turn yet,โ but because itโs actually having real problems.
โTrying to guess the top to take profit and then jump into a weaker ticker very easily traps you into:
Selling, only to watch the price keep breaking above new highsโruining your buy-back plan and leaving you standing by helplessly.
Or switching to a weaker coin and continuing to immobilize your capital while it stays flat or drops even further.
โIn an uptrend, thereโs no rule that says, โCoins that havenโt risen will definitely rise,โ or โStrongly rising coins must be sold.โ
โCore lesson: If your โracing bikeโ is still running smoothly and you stick to the original reasons for investing, donโt be reckless and sell it just to get money to support a Cub 50 that might never even start.
โThis article is for sharing a management perspective and entertainment purposes only. If you hold onto your racing bike tightly and x10 your account, then itโs because youโre bold. But if you sell your racing bike and switch to a Cub 50 that sits idle for three years, then thatโs entirely a matter of fateโthe writer is not responsible.
โ
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