Should Have HODL'd: $658k Loss Instead of $4M Profit đȘ
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 đ.