This chart hit our stop yesterday, (2 consecutive closes below the line) and we sold 60% of our large stack. It has since come back up in the range, and to me looks still a decent hold, as I don't see a large difference in this chart as when we bought into it. I do want to decrease our exposure to it and re-allocate to other setups I think are better, but LINK as a sort of low volatility value play in our alt selections, and I think if we are patient with it we might be hugely rewarded.
I am confused how Nick and Neel can both sour on it so quickly. I did not expect LINK to take off so quickly as they did I suppose. Perhaps we need to set an x-axis duration expectation to our decisions as well. I don't see a very different chart from before. I know Neel does since his indicators change more than my candlesticks and price zones, and that makes some sense. However, I don't know what Nick's justification for wanting to sell LINK is other than as he mentioned other coins did what he wanted and LINK didn't. To me, that is just too impatient we have only been in this trade 4 days. And we have a 1% stop limit risk on it. It's pretty hard to find better than that.
If it again closes 2x in a row below our line, I will exit it down to 80% at least out of it, as is my minimal sell once it is closing below my line.
I am confused how Nick and Neel can both sour on it so quickly. I did not expect LINK to take off so quickly as they did I suppose. Perhaps we need to set an x-axis duration expectation to our decisions as well. I don't see a very different chart from before. I know Neel does since his indicators change more than my candlesticks and price zones, and that makes some sense. However, I don't know what Nick's justification for wanting to sell LINK is other than as he mentioned other coins did what he wanted and LINK didn't. To me, that is just too impatient we have only been in this trade 4 days. And we have a 1% stop limit risk on it. It's pretty hard to find better than that.
If it again closes 2x in a row below our line, I will exit it down to 80% at least out of it, as is my minimal sell once it is closing below my line.
