Someone in the group chat threw out a line: “Sushi is at this price now— is there any hope?”
I stared at the sentence for three seconds, because the person who said it had been saying something similar a year ago.
$SUSHI is around 0.27 per unit now. Someone’s cost is spread out to over 0.5. At the deepest point, 90% of it was gone. Relying on repeated averaging-down and repeated trades, they ground the average cost down—yet today it’s still trading below cost one by one.
Where’s the problem? The problem is that every trade you make is aimed at “getting it back to break-even,” not at “making it profitable.” You’ve already been held hostage by your cost basis.
Blame anyone? During the last wave of the DeFi narrative cooling off, who didn’t get trapped in Sushi.
I won’t tell you to cut or hold. I just want to say this: this 7-day rebound came on with higher volume, but the fact that you can’t get back to break-even doesn’t mean you’re wrong—it means your position management is wrong.$SUSHI
I stared at the sentence for three seconds, because the person who said it had been saying something similar a year ago.
$SUSHI is around 0.27 per unit now. Someone’s cost is spread out to over 0.5. At the deepest point, 90% of it was gone. Relying on repeated averaging-down and repeated trades, they ground the average cost down—yet today it’s still trading below cost one by one.
Where’s the problem? The problem is that every trade you make is aimed at “getting it back to break-even,” not at “making it profitable.” You’ve already been held hostage by your cost basis.
Blame anyone? During the last wave of the DeFi narrative cooling off, who didn’t get trapped in Sushi.
I won’t tell you to cut or hold. I just want to say this: this 7-day rebound came on with higher volume, but the fact that you can’t get back to break-even doesn’t mean you’re wrong—it means your position management is wrong.$SUSHI
