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It's been a long time since I posted!
Today I finally reduced my holdings to about the right level, let’s chat a bit!
Among the cryptocurrencies I hold, XRP was the first to sell off!
I seriously underestimated the power of the market makers. I didn’t hold on until it doubled before starting to sell; by the time it doubled, I had basically sold everything. I can't believe it has increased sixfold! Maybe I just don't have the financial luck with it!
Fortunately, I managed to hold onto ALGO and ADA, which have also yielded several times the returns! But my positions in these cryptocurrencies are not large!
For the larger positions in OP and APT, I also started to withdraw my principal after it doubled. By today, I've taken out my principal and some profits, leaving a bit of base capital, waiting to replenish when it pulls back! If it continues to rise, then I will sell a bit more! There's no way I'm getting off this ride; if it keeps rising, I just don’t know how much position I'll have left!
Actually, everyone knows this is a bull market. I’ve realized that I really can’t hold onto coins, which really proves the saying that holding coins is like guarding a widow!
I record every transaction I make, and I start fleeing at the lowest entry price; if I have about fifty or sixty points, I start running away. I admit I’ve been scared!
Since I officially started trading in October last year, my assets have more than quadrupled by March this year. I withdrew my principal + one-time profit. Due to my greed, I started incurring losses from April, and I kept losing in May and June. I didn’t realize the risks, and by August, I was so overconfident that I increased my contracts to an unbearable level, ultimately causing me to get liquidated successfully on the morning of August 5th!
I still remember that my assets had dropped to less than four thousand oil; sixty thousand oil turned into just over three thousand. I was about to break down! I stayed silent for less than half an hour, smoked two cigarettes, and then I started buying oil to continue adding to my positions, pressing on!!
From August to October, I was actually in agony, tightening my belt and enduring a tough period!!
I know the bull market definitely hasn't ended, so I'm just waiting patiently! Finally, in November, it rose quite well, truly beyond my expectations! Thinking of selling high and buying low, I started selling BTC bit by bit from 69888 up to 98888, lowered my offers, but didn’t buy back!!!
I believe there are definitely quite a few people like me out there!
I feel like the risk here is greater than the reward, so I've chosen to secure some profits!