Taking profit on the way up feels infinitely better than doing so on the way down, even more so if you're playing with size

skininthegame

high stakes storytelling | ex @polymarket

When asked how he made so much money, Bernard Baruch replied "by selling too soon". Wise words to live by.

/new-york 🗽 • /untzuntz 😈 • /tastebuds 🍕 Fan of eating tacos and bringing people together, often at the same time 🌮

Yeah I've thought about this quote often since @fredwilson.eth shared it

from 2 far better investors than myself: https://farcaster.xyz/fredwilson.eth/0x8e778c3f

building /gmfarcaster network |
blockchain ENT prof |  ⌐◧-◧ Nouncillor, Nouner, BuilderDAO community resident /builder

Selling small clips on big spikes is the best way I’ve found to exit positions

I was talking today about selling small clips because you never know. Did I miss out on bigger Ws? Yes. Have I also minimized losses by doing this? Also yes. (But I’m not playing with size so less dramatic both ways.)

Bruh, true. I am glad to see you sold at least now.

It's true. It just takes discipline and strategy

You went out too quickly and took my $5 🤣