everyone always talks about bruh I made a 100x or bruh I 10xed my money or bruh you didnt get in.....pshhhhhhhh ur missin out man......
But what do you do with the you know "losses"
But what do you do with the you know "losses"
2/ I know, I know, nobody likes losses but nobody has a 100% batting record, and if you do you just have not been playing long enough. A curve ball is just around the corner
3/ the biggest thing to understand is WHAT you do with losses
4/ you have a couple of options
-bag hold
-cut the losses short
-double down
-bag hold
-cut the losses short
-double down
5/ but which one should you do? well that is up to you to decide.......if you bag hold are you okay with the chance the thing goes to 0 and never comes back......if so then this option is for you
6/ are you okay cutting the losses short down 50% to see your coin 100x the day after you sell it........ is so then this option is for you
7/ are you okay doubling down when the asset tanks 50% and to proceed to dip another 50% after you buy it......then this option is for you
8/ The reason for this thread is not to be a debie downer or to say you need to give up. The point is to bring light to even thou you may think the asset is the next best thing since sliced bread, the market may think different.
9/The opposite is true as well just because you think an asset is 💩 the markets may think differently
10/ The real alpha is risk management, if you throw everything into one play and that play does not pan out well time to go home you can no longer play the game.
11/ When you cut your losses short several things happen
1. you can keep playing the game
2. you now have tons of head space to keep playing the game
3. now you can focus on your winners
1. you can keep playing the game
2. you now have tons of head space to keep playing the game
3. now you can focus on your winners
12/ the classic saying of cut your losers short and double up on your winners hits strongly on this
13/ now as for FOMO, dont do it lol. just because you miss out on something their will always be another opportunity. Just imagine how many people passed up the investment on sliced bread...prob learned their lesson and bought the plant based protein company and are killin it now
14/ The name of the game is living for another day, taking the small wins to where you eventually wake up one day and say what the snap thats alot of wins
if you enjoyed this thread feel free to share with a FOMOer or bag holder near you
https://twitter.com/Rentahomefast/status/1498415203209433093
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