Should Have HODL'd: $658k Loss Instead of $4M Profit 🔪

A trader bought the meme token Turbo at its peak during listing for $1.14 million and sold it five days later with a $658k loss, losing faith in the coin.

A year later, Turbo soared by 1,346%, and if not for the sale, a $4 million profit could have been realized.

From the trader's perspective, it was the right move: it's better to cut losses and look for another trade than to hold a crashed coin with no clear prospects.

However, investors should enter a trade only with a long-term perspective and be prepared to endure paper losses for future gains.

Moral: In the market, it's crucial to understand whether you are a trader or an investor and act accordingly 😇.