$POLYX I made a mistake: don’t stop taking profits when you make money, stop losing money when you lose money
I bought this coin on April 20th, around 4 pm, during a meeting in the office
The leader was speaking in front. I sat in the second row of seats and opened Binance to check the market.
The trend of POLYX is not right. It is rising from the bottom range. I think this is an opportunity and buy it immediately.
After returning to my desk and reading the news, I found out that Binance had launched the POLYX currency earning business.
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That night, the account made a maximum profit of 50%. I even showed it to my overseas business colleagues, "Making money is as easy as breathing."
I'm not going to take profit because the target is double the buy level which is $0.4
However, the next day, POLYX fell from its peak of $0.31 (a 90% gain for the day)
At that time, I thought, this is a callback. Since the heavy volume has exceeded the pressure level since POLYX/USDT was put on the shelves,
Then the top is flat, and if it breaks through the previous high, it will double, and the resistance level is unknown.
The reality is that in the next few days, POLYX leaked wildly. I really couldn't bear it, so I stopped losing money.
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Looking back now, the stop loss was correct. Why?
Because POLYX fell as low as $0.0982 in the next two months, which is outrageous
From April to October, after half a year, POLYX reached a high of $0.37, forming a "W" shape on the weekly chart
It’s quite amazing when you think about it. After ten years in the east of Hedong and ten years in the west of Hexi, those who fell can still rise back up.
But, if time travels, how do I know it can go back?
In fact, buy POLYX in April, except for a technical breakout
Another reason is: POLYX belongs to the concept of RWA (real world assets) and is a US-compliant token
RWA concept, from the beginning of the year to the end of the year, the biggest benefit was MKR, I didn’t buy it
To sum up, POLYX is a pain in my heart. Spend money to buy a lesson:
(1) If you want to double, you must have community sentiment to support it, FOMO
(2) The short-term surge caused by a single piece of news can rise as fast as it falls.
(3) Don’t have any illusions, the only way to stay safe is to be safe
I bought this coin on April 20th, around 4 pm, during a meeting in the office
The leader was speaking in front. I sat in the second row of seats and opened Binance to check the market.
The trend of POLYX is not right. It is rising from the bottom range. I think this is an opportunity and buy it immediately.
After returning to my desk and reading the news, I found out that Binance had launched the POLYX currency earning business.
>>>
That night, the account made a maximum profit of 50%. I even showed it to my overseas business colleagues, "Making money is as easy as breathing."
I'm not going to take profit because the target is double the buy level which is $0.4
However, the next day, POLYX fell from its peak of $0.31 (a 90% gain for the day)
At that time, I thought, this is a callback. Since the heavy volume has exceeded the pressure level since POLYX/USDT was put on the shelves,
Then the top is flat, and if it breaks through the previous high, it will double, and the resistance level is unknown.
The reality is that in the next few days, POLYX leaked wildly. I really couldn't bear it, so I stopped losing money.
>>>
Looking back now, the stop loss was correct. Why?
Because POLYX fell as low as $0.0982 in the next two months, which is outrageous
From April to October, after half a year, POLYX reached a high of $0.37, forming a "W" shape on the weekly chart
It’s quite amazing when you think about it. After ten years in the east of Hedong and ten years in the west of Hexi, those who fell can still rise back up.
But, if time travels, how do I know it can go back?
In fact, buy POLYX in April, except for a technical breakout
Another reason is: POLYX belongs to the concept of RWA (real world assets) and is a US-compliant token
RWA concept, from the beginning of the year to the end of the year, the biggest benefit was MKR, I didn’t buy it
To sum up, POLYX is a pain in my heart. Spend money to buy a lesson:
(1) If you want to double, you must have community sentiment to support it, FOMO
(2) The short-term surge caused by a single piece of news can rise as fast as it falls.
(3) Don’t have any illusions, the only way to stay safe is to be safe