I bought a coin a few days ago, let's call it xxxy. It gave me some knowledge and I will record it.

When I saw it, I found that it had just been launched on the 19th. At that time, the cost price of private placement should be 0.03. Between the 19th and the 24th, it was basically in a state of breaking, fluctuating around 0.02. When I saw it, it was on the night of the 25th, when it rose to 0.09, which was equivalent to a three-fold increase in two days.

I checked into their group and found that this coin was different from all the coins I had encountered before. . Their target customer group is not from our original currency circle. So I decided to buy some and experience it. The cost of the first batch purchased was about 0.072.

Then it continued to rise on the 26th. I felt that I might have thought too simply about this pattern. It just so happens that there are several friends in the group who have experience in buying and selling this kind of token, and some have experienced many-fold increases. So I added some more positions. The cost is around 0.13.

Then last night, it reached a maximum of 0.8. When I woke up this morning, everyone started to smash it again, and now it is around 0.56. I sold out most of my positions several times at around 0.6. I still have a little bit of coins left, and I want to keep them to see how this project ends.

I have seen the K-lines of several similar coins in the past two days, which is really amazing. Some have increased tens of thousands of times in less than 2 months, and some have increased dozens of times in a few days. Of course, there may be more that I haven't seen. It rose a lot in a few days, and then quickly returned to zero.

After looking at the K-line, I found that even if we bought at the bottom, if we put ourselves in their shoes, it would be difficult for us to achieve a substantial increase or make a lot of profits. because:

  1. If the position is low enough, you may feel more painful when the price rises 3 times, 5 times, or 10 times. Add to position? As prices rise, risks become greater. do not add? Watch it rise before your eyes.

  2. If the position is relatively large and has risen a lot, you will be a little panicked. The profits that can be obtained at any time may disappear at any time. Should you take profits or continue to hold? How can you accurately determine the selling point? The information asymmetry between you and the project party or the main force will always torture you.

The safest option may be to double the principal and then do whatever you want with the rest. This can indeed preserve your principal, but you may also lose a lot of possible profits later because you withdraw your principal too early. So this time I thought that this project might be different from the projects I usually encounter in the currency circle, so I chose to wait several times more before paying out the principal. Now I think it was right.

Now I see this profit taking situation, after selling the principal, I want to sell some profits, and then sell some profits, thinking that I should sell some more, but in the end there are less and less left.

I really don’t know how it will go in the future. Can you refresh my understanding again? The price continues to rise, making me slap my thigh directly. But I've been really bad lately. I'd rather earn less and just stop when the gains come. Say it's over when it's done. I want to record the content of a good emoticon package sent to me by a friend. It may be more suitable for this kind of local dog:

Review it every day: take it when it's good, run when you have profit, ship cruelly, don't have any illusions, cash is king.

Haha, these 20 words are really worth reading several times a day.

When encountering similar projects later, the first thing you should consider is whether to enter or not, and if so, how much money to invest. Too little or too much may not work.