I believe everyone often encounters the dilemma of whether to switch positions between two promising coins.


What I recently experienced were Space Dog Asteroid and Dogeus:
Dogeus initially gained five or six times, then plummeted 90%, and later rebounded several times:
I didn't buy Asteroid at its high but kept watching it. At the time, I was planning to buy when it dropped to around 15 million, and when Dogeus crashed, Space Dog also fell to about 20 million.
At this point, from a personal experience perspective, after experiencing Dogeus's multiple surges and a sharp drop, it's easy to subjectively assume it will rebound again, and indeed it did.
But when Space Dog dropped close to the ideal position, I was considering whether to switch positions in Dogeus.
💡 At this moment, it's still necessary to consider fundamentally: which asset is more likely to be picked up again by the whales.
Whether it's the uniqueness of the asset [the mascot of the company currently hottest with Elon Musk] or the strength shown before by the whales, Space Dog should be the choice.
But most people might develop a fixed mindset, always holding onto previously bought assets that have risen and being reluctant to switch.
Switching positions is painful because it requires reflecting on your previous reasoning for building the position and making quick judgments on the latest fundamentals.
✨ First, it requires deep thinking, and second, decisiveness.
In similar situations, I would choose the asset with a higher probability of making money. Of course, taking both is also fine, but the earnings might be less; investment always aims to maximize capital returns.
The trend of capital sentiment is complex. When similar situations occur, one might choose the asset with a higher chance of profit, or might not earn more.
But consistently refining your trading over the long term will definitely lead to earning more and more.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned