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Top 3 DUO stakers

More info about this coming soon

1 @rainbowdash4l

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2

3 @wearelegion

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Most of us typically never thought how hard it is to sell when you are seeing a huge pump on your crypto holdings. We are always thinking of a new entry, when 10x? what next to buy? All these are simple, the real challenge is what to do when something you hold begins pumping.

There is so much emotional battle to contend with in market pump. You have surely seen this happen to you a few times. You get in early on a particular coin, and just messing around with your small position, and then boom it's up 200%, 300%, sometimes even higher. At this point, you would want to say let's locked in profit, and wait for a new entry signal. But hardly does it ever go that way for most.

You are watching your coins pump, you start feeling emotional and simultaneously feeling smart for being in the right direction. You think to yourself it will keep going up. Now, at this point, you start doing an imaginary math in your head regarding how much your profit will be if you just held on a bit more longer. In some situations, the majority of us even buy more as the coin keeps pumping. I have done that too. It feels good to make some extra profits, you said to yourself. Then the correction comes of 30%, and now you feels stuck. Selling at this juncture doesn't feel good, otherwise you are going to lose. Holding doesn't feel good either. It seems suicidal. And now, both hands up, you've resigned to whatever that will happen to happen, and just sit back and watch your portfolio bleed.

We must be able to think about selling the same way that we think about buying. To have a plan of buying without a corresponding plan of selling may result in losing all your crypto coins. When the market is hot and your portfolio value starts to rise rapidly, you must take a step back and ask, "If I didn't already own this coin right now, would I feel comfortable to buy it with this amount of money at this current price?

Clearly you understand the answer is a no. That is where you most probably need to scale back. you wouldn't want one coin becoming too disproportionate simply because you care about it emotionally. Rebalancing is a risk management decision rather than some emotional necessity sell off and exit. And actually, it does a great deal of good.

And something else is selling in bits. you can reduce a bit after a double. More if it keeps going. That way you are locking something in but leaving it some freedom to run. You don't have to punish yourself if it goes higher after you sell. That's part of the game.

I have made enough mistake myself in this game. I have watched myself miss out on some great profits because I froze or got greedy. But I have learned that having some kind of exit strategy at the beginning makes it a lot easier. Even just having a rough plan or price target in mind helps take the sting out when it comes time to make a decision.

Anyway, that's only half my story. If you've ever held too long, sold too early, or become stuck on what to do when you're up big, you are most definitely not alone.Hoping to hear what you guys think about all this too.

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DUO Guessing game

Yesterdays winning number 21
@rainbowdash4l wins 0.4 DUO
Current prize 0.1 DUO
Range 50-60
Leave your guess in the @duo-promo comment on this post good luck!

Most meaningful comment goes to @lourica enjoy your 0.2 DUO !

The most meaningful comment on this post gets 0.2 DUO

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