Getting into a project early at low market cap is great but it's only the beginning of the journey...
Managing the trade is where the task really begins:
Take too much profit too soon and it strips a large percentage of gains, take too little or take none and the risk is the round-trip. Leave too big of a moonbag and a 200x can turn back into a 20x.
No one can tell the future but as long as I'm taking profits, reflecting on the journey, learning from the experience, trying different strategies, I'm doing alright.
Bought
$PRISM at 77k, today it hit ~$25m which is a ridiculous 261x. I've only realized about a 6x because I took profit too aggressively at the beginning and with an entry so low, I was hesitant to add to the bag on dips.
At least I took some profit and didn't round trip, which is growth. Does it sting that I didn't make as much as I could've? It sure does, but there's so many lessons in just this one trade I can carry with me.
One day I'll have a big enough port that after I take initials and small profits I can just let my trades run, or use the trailing bolt method I learned from
@cryptoboltz but for now, I'm okay with the profit I took and the lessons I learned.
@0xKaroshi @billabongm