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RE: BitShares (BTS) Update: Here is the Vertical Move We've Been Waiting For!!!
I am well aware of Haejin's multiple projections of multiple coins all going to the moon...including BTS $372 some day...meanwhile...those of us who are trying to make reasonable decisions on what to do with this new money...having been around long enough to realize that anything too good...is too good...and this phenomenon is beyond too good...
So while I have all the respect in the world for what Haejin has and continues to provide novices like me...and would love to believe that Haejin's analysis is cast in stone...which he himself humbly admits is not the case...and seeing how regularly trends can shift....would like to know I acted prudently...
Well said.
Some advice that I once received: Know the difference between a trade and an investment.
For a trade, you already know your exit (or ladder of exits) before you buy. Once you've bought, enter your exit ladder into the order book. Monitor the trade and adjust depending on changing conditions.
For an investment, hold until the reasons that you bought are no longer valid.
You could certainly sell enough to recoup your initial purchase and let the rest ride. It really depends on your reasons for buying. Was it a trade or an investment? If you can answer that question you'll be on the right track to deciding your exit plan.
Solid advice thanks.