Mando on selling at all-time highs
by Tufail: Farokh Sarmad
Farokh - MYRIADMARKETS questioned why anyone would ever sell a coin when it hits an all-time high, asking Mando directly about the logic behind taking profits at the peak. Mando's answer was blunt: that is exactly the time to sell. The alternative involves selling after a price drop of 40% or more, which Mando describes as emotionally difficult and likely to precede further declines down to 50%. The conversation involved discussing specific coins like Pawns and Cashcat, where Farokh held two large positions in Cashcat prior to the advice. Mando notes the CASHCAT position has declined since the sale, confirming the user sold half of their CASHCAT position following the discussion.
Transcript (en)
would say on chain actually feels slightly better than most alts there's a few alts that feel really good so it's like still it's like five years and i said this to faro what was it we were talking about we're talking about a coin and he was like but it's at all all-time high why would i ever sell i was like well that is the time to sell we were talking about pawns actually yeah we maybe yeah i think we were but you were talking about cash cat as well you had two huge positions and you were like yeah like why would i ever sell well you don't want to sell when it drops 40 percent like trust me that feeling of selling when it's down 40% sucks and then it goes down 50% so like if something hits all time high it takes off the table I think we sold half of your cash cap position after we spoke and it has been down only since
