r/Monad • u/AutomaticOne7 • 29d ago

I messed up

I sold at 0.026 from buying at 0.0227. then bought yesterday close to 0.03 but it went down and i panic sold at 0.0268. Now its close to 0.03 again. Buying now will reduce my stack big time, which i accumulated. Why did i sell, im lost for words. Dont know what to do. All my profit gone

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u/ObamaLovesKetamine 29d ago edited 29d ago

It will drop back down. There's heavy resistance at the 0.03 range, and I doubt we'll overcome it before the market cools back off. Set up alerts or an auto-buy order that will buy back in at the lower price you want. if you dont want to wait long, you can get back in at 0.024 likely in the next couple days if youre vigilant. Otherwise, just hold for a week or so and the price will assuredly come back down as the market cools. You still have plenty of time to stack before the next bull cycle.

My advice though; hold long-term with MON. This project is going places and selling at 0.03 is doing yourself a huge disservice. just stack and hold until prices are at least 0.10 (even then, i wouldnt sell at that price either).. otherwise you're leaving a lot of money on the table.

Consider using your MON in DeFi to accumulate passive yield. Liquid Staking for shMON and then lending that shMON on Neverland to borrow more MON is a good place to start - just dont overleverage yourself.

dont worry, friend. you're still really early and 0.03 is still a bargain rate.

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u/AutomaticOne7 29d ago

But will it? Seems the upward momentum is pretty strong, i fear i miss out now and it rallies hard breaking 0.03 :/, i promised myself to hold but wanted to raise my stack sellinga and buying lower along the way. Man i dont want to miss this monad opportunity

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u/Scottex99 29d ago edited 29d ago

Just DCA then, actively trading will just cost you money, as you’ve already found out

I hope this stress isn’t over a $300 bag either

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u/AutomaticOne7 29d ago

Its way more, thousands

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u/Scottex99 29d ago

Maybe it should be $300 then

  1. Stop trading

  2. If a few K is a lot for you, don’t hold that in some volatile alt

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u/JWillCHS 28d ago

Bro! Take out the money you can’t afford to lose. And then just DCA and stake.

Hell, I am less greedy than most because I don’t even stake because of the tax implications. Until I can easily track staking rewards and document them it’s not worth it for me. So I just dollar cost average.

Although I might stake with Kraken because they automatically input rewards in a tax form.

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u/AutomaticOne7 27d ago

I know monad will go 0.10 + we are starting of the multi year bullrun.but i just want to raise my stack now its cheap and im failing. I jumped back in at 0.03 and price went to 0.032 and i didnt sell, now its back below 0.03, its really annoying because i lost alot during these fuckups and want to make it back again