Hi guys ✍️✍️✍️
If you are still losing money in Crypto, here are some ways to prevent further losses. 🥶
### **1. Use Stop Loss (SL)**
- Set an SL that will automatically sell if the price drops to a certain level.
- For example: Auto Sell if the price drops 5-10% from the purchase price. 😎
### **2. Diversify your investments**
- Divide BTC, ETH, Stablecoin (USDT, USDC) and other Solid Altcoins.
- Don't invest too much in Meme Coins. 🤗
### **3. Avoid FOMO**
- Don't buy coins that are being pumped right away.
- Wait for the price to drop (Buy the Dip). 😬
### **4. Check the news carefully**
- Check Crypto News (CoinGecko, CoinMarketCap) and Analysts' Technical Analysis (TA).
- Know SEC Regulation, Global Market Trends. 🤩
### **5. Think Long-Term (HODL Strategy)**
- Hold Blue-chip Cryptos like BTC, ETH for the long-term.
- Staking, Yield Farming and Earn Passive Income. 👌
### **6. Avoid Emotional Trading**
- Don't Panic Selling / Over-Confidence Trading.
- Set a Trading Plan and Stick to It.
**The Most Important Thing is "Don't Invest More Than You Can Afford to Lose"** 🚀
Use these tips to manage your risk and continue to succeed in Crypto!✍️✍️✍️