Just learnt a new crypto acronym which is called JEET which means Just Exit Every Trader, it’s usually used when you panic sell after every little profit. This was an advice someone said he is going to give every crypto newbie, because most times holding your coins don’t make you profits, except you held right before the bull run. Well, with my experience I it’s crypto, I will say I fully agree with this, because from 2021 till today, all the coins I bought to hold only 1% of them went up but sadly, the ones that went up, went up after I sold them while the ones I didn’t sell and held for so long are still dipping.
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My current portfolio is down more than 60% because I didn’t take profit, and some of them never went up after I bought them. Remember that profit taking is way better than regretting not taking profit. For instance, I got an airdrop that gave me $300 profit, I took the profit, fortunately the project did 10X and I regretted taking profit. I started feeling bad and wished I had not taken profit. But this is all a feeling because after the feeling I still have my $300 profit. Then there comes another project that I didn’t take profit, then watched the value go down it went down so low that i am at loss, while I don’t have the regrets of taking profit too early, I also don’t have the value of the money I invested earlier instead I have losses.
While you are in profit and you are still hopeful that your coin could go extra Xs remember that it could reverse and put you at loss, so it’s most times way better to take your profit and go.