Simulation of Trading & Investment Decisions (Post 4)

4 mo
LeoFinance
1 Min Read
273 words

You should read this post first if you haven't read post 1 of this series of #stid.

Basically, the question is what to do if you see a chart like the one below?

Screenshot 20220702 at 11.26.37 AM.png

Looks like I would buy some!

This is when everyone will be screaming "buy the dip!". So it is easy to perceive its cheap to pick up some tokens.

Let's see what happens next.

Screenshot 20220711 at 10.00.22 PM.png

It dropped further. :(

Do I fear that it will drop further? It depends on my belief in the project. If it's a good project, I will hodl.

If it's a bad project, I will just kick myself, and learn the lesson. Pick a better project next time.

Ok, let's take it as a good project and I will continue to DCA.

What would you do?

P/S: This is not financial advice, and please do your own due diligence before investing.

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You might be interested in this post, @jacoalberts and @youngkedar98!

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4 mo (edited)

!PIZZA

0

It's a tricky one. Maybe I'll do some research to find out the true cause of the price drop. Based on that data, I'll decide whether to buy the dip or perform an exit.

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1

True that! Good idea.

1