What to do when you are stuck in a cryptocurrency trade?

"Getting unstuck" is a term in the cryptocurrency world that refers to the price of a coin rising back to the buying price so that one can sell the coin and recover the funds. Learning how to get stuck is truly learning how to hunt; learning how to get unstuck is truly understanding how to trade cryptocurrencies.

Below are some methods for getting unstuck, which are generally divided into two types.

1. Active Unsticking Strategies

1. Cut Losses

If it becomes clear that the purchase was a serious mistake, especially if it was made at the peak of a prior surge, one must have the resolve to cut losses and exit the position in a timely manner, to ensure the safety of funds. The cryptocurrency market presents many opportunities; as long as the funds do not suffer significant losses, it is always possible to earn back the money.

2. Swap Coins

If the coin held is stuck and in a weak position with further downside potential, one can decisively swap for another coin that is expected to rise significantly and has a stronger trend, using the profits from the new coin to offset the losses of the old coin.

3. Short Selling

When it is determined that one is deeply stuck and unable to cut losses, and if the market or a specific coin has further downside potential, one can use short selling strategies by first selling the stuck coin and then buying it back at a lower price, effectively reducing costs.

2. Passive Unsticking Strategies

1. Averaging Down

If the buying price is not high or if one is optimistic about the future of the market, averaging down techniques can be employed. However, ordinary investors usually can only withstand one or two rounds of averaging down, so the timing for averaging down is crucial.

2. Waiting It Out

When fully invested and deeply stuck, unable to cut losses or add more funds, the only option left is to passively wait. As long as it is one's own money and not borrowed funds, one can afford to be patient. It is crucial not to act emotionally by giving up or blindly adding to the position or hastily cutting losses in a chaotic manner.

Summary of Practical Experience: The "Secret Weapon" of Trading Strategies

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