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/biz/ - Business & Finance

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8590817 No.8590817 [Reply] [Original]

when you want to position yourself into some thing that looks to be far more promising in the short/mid term before it goes off on it's first decent rally
how many of you fags have this conundrum.
not saying what it is because 90% of you cunts will slate it out the gate for keks.
but I will say OMG is what I will sell for a minor loss, after holding it for months.

not asking for advice, I am only asking if any of you have done this and were you happy or did it fuck you up somehow?

>> No.8590845

>>8590817
every time I've done this I've ended up losing money, but I'm not an expert.

>> No.8590866

>>8590817

Sell half. Whatever moons ur happy.

>> No.8590871

>>8590845
thanks, i've done it a few times and come out on top but that was during a bull market...

>> No.8590874

>>8590817
yes

>> No.8590911

>>8590866
yep, anyway I wouldn't do it all at once, sound advise,

>> No.8590954

You have to weigh the options

For example, if I make 1% a day on average, and I believe this trade will make me 30%, I will end the trade after 30 days even if I have not profited

>> No.8590983

>>8590817
Yes. I did it a couple of weeks ago. If I had held I would have 60% BTC equivalent that I do now.

>> No.8591081

>>8590983
you see?
I have sold shit earlier than I planned before and it's a 2 way split atm.
I think OMG still has some legs but it's taking it's time to do anything. also it's potentially in a dip right now... the other thing i'm looking at hasn't even started yet

>> No.8591122

>>8590954
nah, i get it.
i'm too attached to omg, just hate selling during a fucking dip because some spazzy bart simpson's pattern on BTC

>> No.8591150

>>8591081
You seem to have made your mind up desu. You know the risk your taking, but that's why we're in this. Good luck m8.

>> No.8591425

>>8590817
Losing money is part of this. Go at it with plan, if you want to sell to rebuy lower, also set a target of at what price you would reconsider rebuying higher. Just be prepared for whatever could happen. Absolutely no opinion on if it's a good idea to sell OMG now.

>> No.8591443

>>8590817
>whould

>> No.8591783

I'll never sell at a loss
Either get rich or die trying

>> No.8592720
File: 241 KB, 501x501, aa58f6d23fde1e96c0d4b97cdab8972f51b0ed4ffc33dfe7a4c505031c65577a.png [View same] [iqdb] [saucenao] [google]
8592720

>>8591425
Nice answer. kind of my plan. I expect as soon as I do anything the opposite takes place for a week or two or more in this market.
nice one /biz/ not gonna panic either way atm
just had some food and a shower.

>>8591443
it's spelled wood, dummy. I'm a retard, congrats on that seriously but stop spelling stuff at me

>> No.8592764

I don't like bags.
I sold at a loss and will do it again.
Imagine holding bags while other shit starts mooning.