One of my most memorable trades came from reacting to unexpected news. I was holding a long position in an altcoin that had been trending well for weeks. Then, breaking news hit: the project’s CEO was stepping down due to legal issues. Panic selling began immediately. The price started dumping. I had a decision to make. Instead of hoping for a recovery, I closed my position quickly — with a small loss. The coin kept dropping another 40% over the next 24 hours. That experience taught me the importance of managing risk during news events. Not all news is priced in, and some headlines can drastically shift market sentiment. I now have alerts set for major project announcements and industry updates. When news hits, I assess the fundamentals fast and act without hesitation. Reacting quickly and cutting losses saved me from a much bigger disaster. Sometimes the best trade is a fast exit.
