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RE: [Vlog] Hedging EOS ahead of launch

in #vlog6 years ago

Sometimes you need to forgo the prospect of making maximum profit in favour of risk mitigation.

I'm comfortable with the fact that I made the "right" decision at the time even if (in hindsight) it turns out I could have made more money.

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Indeed, it's a mindset I learned playing poker. You don't stay in an expensive hand when the odds on catching the card you need to win are small. You lay it down because that is the right call with the available information at the time. If the card happens to fall afterwards you don't regret the decision.

Yep - I used to play poker too... A lot of the principles there translate into crypto trading quite well.

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