#JCT Today, a friend asked me:
“JCT has been falling all along. Why are you still holding it? Why not sell?”
There’s really nothing complicated about it.
From the moment I bought it, I had already accepted the possibility that it could go to zero.
My criteria for buying a counterfeit/alt coin has always been simple: take a “may go to zero” mindset, use money I can afford to lose, don’t add leverage, don’t borrow, and never go all-in.
So if it drops 20%, 30%, or even more in the short term, it doesn’t fundamentally affect my trading logic.
Because I’m buying spot.
When it falls, the amount I hold doesn’t decrease just because the price drops; when it rises, if it doubles, I’ll first take my principal back, and the remaining position is left to the market to decide how far it ultimately can go.
But there’s one very important difference here:
A “go-to-zero” mindset doesn’t mean believing it definitely won’t go to zero.
On the contrary, because I know the probability of an alt coin going to zero isn’t low, that’s exactly why I only use the money that I can afford to risk going to zero.
I never need to prove that I’m definitely right.
If I’m right, I earn the odds;
If I’m wrong, I bear the risk;
with no leverage and no borrowing, I won’t get forced into a position where I must cut my losses because of a single wrong call.
So when I trade alt coins, the real “bet” is never “this coin will definitely rise.”
I’m only using limited potential loss to obtain the possibility of an asymmetric payoff.
That’s also why the more the price drops, the less I’ll change the original trading rules due to emotions.
Before buying, accept the possibility of going to zero. If it goes up, first take back your principal; the rest is left to time.
This is the trading principle I’ve been consistently following.
“JCT has been falling all along. Why are you still holding it? Why not sell?”
There’s really nothing complicated about it.
From the moment I bought it, I had already accepted the possibility that it could go to zero.
My criteria for buying a counterfeit/alt coin has always been simple: take a “may go to zero” mindset, use money I can afford to lose, don’t add leverage, don’t borrow, and never go all-in.
So if it drops 20%, 30%, or even more in the short term, it doesn’t fundamentally affect my trading logic.
Because I’m buying spot.
When it falls, the amount I hold doesn’t decrease just because the price drops; when it rises, if it doubles, I’ll first take my principal back, and the remaining position is left to the market to decide how far it ultimately can go.
But there’s one very important difference here:
A “go-to-zero” mindset doesn’t mean believing it definitely won’t go to zero.
On the contrary, because I know the probability of an alt coin going to zero isn’t low, that’s exactly why I only use the money that I can afford to risk going to zero.
I never need to prove that I’m definitely right.
If I’m right, I earn the odds;
If I’m wrong, I bear the risk;
with no leverage and no borrowing, I won’t get forced into a position where I must cut my losses because of a single wrong call.
So when I trade alt coins, the real “bet” is never “this coin will definitely rise.”
I’m only using limited potential loss to obtain the possibility of an asymmetric payoff.
That’s also why the more the price drops, the less I’ll change the original trading rules due to emotions.
Before buying, accept the possibility of going to zero. If it goes up, first take back your principal; the rest is left to time.
This is the trading principle I’ve been consistently following.