Cut losses and re invest?

[nawosecad68]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

In investment requires patience, now almost all markets are at a low price, wait until the market recovers. However, if you are 100% sure to do so at the risk of loss, why not? which obviously you should be more precise in choosing not to lose a second time.

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[Sman2546]

I do not think what you want to do is a good  strategy , 80% of alts have lost value after the bull run. My advise is look for more funds and buy the dip so that you will easily reduce your entry point.

[mammoniter]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

You shouldn't have bought it at its highest price because you would really have a hard time trying to make a profit from it and more if you decided to cut your loss to reinvest to other altcoin. Just wait for it to recover then start a new investment, this time choose a better altcoin.

[jacafbiz]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

I don't know why people always behave this way, there is difference between investing and trading, if you are investing into Tronx just keep it long term but if you were trading and the price dumped on you, then you should have include sell limit. One thing I see in the space now is that alot of people are gambling with their money instead of investing

[sisjow]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

if you are sure that's will be rise again just do it. but if not, Just wait and hold. Maybe it takes few weeks, maybe few months or maybe a year, but you will get profit anyway.

[eye-con]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

if you want to re-invest, you can sell your tokens, but its hard if its price will pump. for sure, you will regret your decision, its better if you just hold it, and have another capital to invest for another altcoins.

[Dmitry_K]

Yes, sometimes this is a good strategy when you need to fix the losses and start investing from the very beginning and again look for a good time to enter the market.

[lanafilonova]

You don't know how the price will move on. It all depends on chance. So you either earn or lose money.

[francojon]

That is not a bad idea really, if you have lost 40% you can still recover, but if you hodl to death and have even more losses, then you will never be back on your feet. Your choice.

[granchio]

In my way of thinking, ''cutting losses'' would be just ''panic sells''in this term, and this kind of sellings never bring you profit. In my opinion, holding is the best choice for this term, if you have coins or tokens.

[cocodanco]

Can be done, we sell altcoin the purchase price of altcoin. We slam the price in order to buy altcoin with new price. With consequences willing to accept loss.
In the hope of reimbursing profits from the new price altcoins.

[drew314]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

That might be a good idea, selling tokens to cut bigger losses and reinvest while the price is very low. But when you are dumping, the price will drop and what if the price will not recover? You will lose bigger money because you invested twice.

[zxl912157]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

I think you should back up if you have more capital to get a lower average price.
So if you buy it in 800 sats and backup it 400 sats, then you can sell the coin above 600 sats. Do not waste your money.