Buy low, sell high -> repeat!

Consider this scenario: You've got insider info that hints ADA could jump to $2.50 soon. But here's the thing—it's priced at $1.02 now. If you had the chance to buy it for $0.85, would you hold out hoping it drops to $0.50? Many people would be thrilled to grab it at $0.70, thinking it's a steal.

Here's the twist: Buyers who got in at $0.32 to $0.40 probably won't be willing to let go at $0.25. But, if you're trading on borrowed money, tread carefully. Concerned about the potential for loss? It might be smarter to cut your losses and back out now. Taking a hit today might open up bigger wins down the line.

Reality check: The saying "You don't lose until you sell" isn't quite right for leveraged trades. It fits better for those holding long-term or trading short-term without borrowing. Short-term traders hope the price jumps back to $0.50, soon or eventually. Long-term believers are convinced ADA will rise as a key player in the decentralized finance (DeFi) and smart contract space.

No matter if you're trading short-term, holding long-term, or somewhere in between, remember: in the unpredictable world of cryptocurrency, being knowledgeable and making timely decisions are crucial. They can lead to soaring successes or steep losses #ADA #Cardano #Cryptocurrency #Trading $ADA