#JCT Recently, someone asked me: If it keeps falling, when should you cut your losses?
I don’t have a fixed answer, and there’s no rule that says you must sell after it drops by a certain amount.
I generally use a fairly long observation period—three months, six months, or even longer. If, after that period, the logic that first made me want to buy it hasn’t played out, and the project hasn’t shown the changes I expected, then I’ll consider exiting.
I’m not really convinced that a single simple indicator can determine when to sell all altcoins. If you do this for long enough, you’ll gradually develop your own judgment: whether the project has changed, whether the funding has changed, whether the market is paying attention, and whether the original rationale for buying is still valid.
In the end, cutting losses isn’t because of how much it has fallen—it’s because the reason you bought it in the first place no longer exists.
Of course, this is just my own approach, and it doesn’t necessarily mean it’s always correct. The market has no standard answer—ultimately, you still have to take responsibility for your own judgment.
I don’t have a fixed answer, and there’s no rule that says you must sell after it drops by a certain amount.
I generally use a fairly long observation period—three months, six months, or even longer. If, after that period, the logic that first made me want to buy it hasn’t played out, and the project hasn’t shown the changes I expected, then I’ll consider exiting.
I’m not really convinced that a single simple indicator can determine when to sell all altcoins. If you do this for long enough, you’ll gradually develop your own judgment: whether the project has changed, whether the funding has changed, whether the market is paying attention, and whether the original rationale for buying is still valid.
In the end, cutting losses isn’t because of how much it has fallen—it’s because the reason you bought it in the first place no longer exists.
Of course, this is just my own approach, and it doesn’t necessarily mean it’s always correct. The market has no standard answer—ultimately, you still have to take responsibility for your own judgment.