people stress a lot about relative performance and what not, and then leads them to fomo and make too many moves
syrup a good example of this
had led the move earlier, pulled back after a move up and consolidated for a bit while other coins moved higher. others may have felt fomo seeing other bags move higher while syrup consolidated and technically "underperformed"
but now outperforming the market
moral of the story:
have a view for what you hold, and avoid fomo like the plague unless your thesis changes
relative under-performance does not mean you should be selling what's red on the day to port what's green
think a big issue that happens is people feel rushed. everyone everyday talks about how its going to be over soon. so they feel like if they're in a coin that's stalling or consolidating, the opportunity cost is just too high to justify holding
there are cases where this is correct. but also a lot of times, if the coin is a good one, good team, good narrative... that opportunity holding cost seems worst at the absolute relative bottom of the coin
spk (spark) was another like this. it lagged and consolidated for a while (even while other coins were ripping). kind of drove me crazy because seemed clear was undervalued. then, one day, boom +100%+
idk point being, many people talk about relative performance, opportunity cost, etc. think this is reflective of majority of people here being momo traders nowadays (feels like 99% of the space just momo traders)
few talk about seeking opportunities and being patient in good bags and spotting fundamental value anymore
delicate balance because you do need to know when you're drawing dead (your zero volume meme with no catalyst is probably dead). guess this is a bit of instinct than a science
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