Early CoinList Profit Turned into Large Loss — Volatility Risk
I got in on a CoinList listing and initially made a nice profit. I couldn't resist and increased my position 3–4×, which gave me even bigger gains.
After that the price fell sharply and kept falling. In the end the result wasn't catastrophic, but the loss was large because I had increased my exposure.
Lesson learned: these listings are highly volatile and doubling down can turn wins into big losses quickly.
Analysis
Recommendation
Treat similar listings as high-risk: limit position size, take partial profits, set stop-losses or defined exit plans, and avoid impulsive multiple rebuys after big moves.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.