Recently, everyone's bearish sentiment towards SIREN has been growing stronger, and seeing this change makes me a bit uneasy.
This project itself is very strong, but this sudden shift in sentiment makes me feel a bit shaken. I had already withdrawn my principal, and now I also plan to take out a portion of my profits.
If this round does not pull back properly, I will not increase my position again.
Looking back at some of my past operations, many projects that could have been very profitable ended up losing money mainly because I added to my position during the pullbacks in the process of rapid increases.
For example, the cost of Dogecoin was 0.07, and when it rose to 0.48, I failed to take profits in time. When it pulled back to 0.3, I added to my position, and as a result, it fell to 0.2 and I added again, ultimately dropping to 0.1 when I did not add anymore.
Such repeated operations ultimately led to what could have been a 7-fold profit almost turning into a loss. This is a typical mistake caused by a lack of conviction.
This project itself is very strong, but this sudden shift in sentiment makes me feel a bit shaken. I had already withdrawn my principal, and now I also plan to take out a portion of my profits.
If this round does not pull back properly, I will not increase my position again.
Looking back at some of my past operations, many projects that could have been very profitable ended up losing money mainly because I added to my position during the pullbacks in the process of rapid increases.
For example, the cost of Dogecoin was 0.07, and when it rose to 0.48, I failed to take profits in time. When it pulled back to 0.3, I added to my position, and as a result, it fell to 0.2 and I added again, ultimately dropping to 0.1 when I did not add anymore.
Such repeated operations ultimately led to what could have been a 7-fold profit almost turning into a loss. This is a typical mistake caused by a lack of conviction.