Hello everyone, my first post will be for people who are just starting out.
1st) stay calm, if you bought a project in the previous season and did not sell, you must be sure that you will soon reach your entry price, you have several options:
A- Sell and recover the investment without apparent losses, "apart from the scare."
B- Don't sell and arm yourself with a little more patience, and wait for 50% of your entry to go up and leave with modest profits, "with possible regrets."
C- Do not sell and expect to multiply your minimum money by 3X, and depending on the project acquired you can expect 5X up to 20X, "everything will depend on your entry price and the new ATH that will be seen soon."
Don't forget this world of trading is based a lot on emotional impulses, take these examples and "they are not financial advice, it is my perception from my own experience."
2nd) If you bought 5000 CHZ or 1500 $SAND , and they go down 30%, you should not visualize the price in dollars, focus on the fact that you still have the same 5000 $CHZ and the same 1500 $SAND , and this means that when they go up more than 30% you will already be In profits, the worst thing would be to sell below -30%, and then go up 300%, patience is essential and control of our impulses and feelings.
3rd) You should always do DYOR, verify the project to buy, time on the market, its volume, capitalization, total supply and supply in circulation, in addition to its historical maximum, if you go into fomo you can lose a lot of money, stay SAFU.
Remember, there are many projects like the ones mentioned above with too much potential.#Writen2Earn ...