Ricardo R R Maciel
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WIDESPREAD DROP, AND NOW?
We are seeing a large-scale decline in major currencies, so-called stable coins are falling, is it time to jump out?
Well, several factors have caused this, and it is not the purpose of this post to explain them, but we have 2 basic options right away;
1 - The drop triggered the stop-loss and you lost some money, in this case, your best option is to stay alert when the market starts to recover and buy quickly to recover the loss during the market rise.
2 - You didn’t have a stop planned, and now you see yourself losing money, in this case, you can wait for the market to recover, it may take a while but at this point, it’s better to wait for recovery to avoid losing money.
REGARDLESS of your choice, do not make decisions based on anxiety, take a deep breath, think 10 times before making decisions that may end up leading to unnecessary money loss.
The last tip is for those thinking about buying during the drop.
Wait for the market to show signs of recovery, stay alert, if you buy hastily you may end up suffering a significant drop and missing out on a great opportunity for gains.
We are seeing a large-scale decline in major currencies, so-called stable coins are falling, is it time to jump out?
Well, several factors have caused this, and it is not the purpose of this post to explain them, but we have 2 basic options right away;
1 - The drop triggered the stop-loss and you lost some money, in this case, your best option is to stay alert when the market starts to recover and buy quickly to recover the loss during the market rise.
2 - You didn’t have a stop planned, and now you see yourself losing money, in this case, you can wait for the market to recover, it may take a while but at this point, it’s better to wait for recovery to avoid losing money.
REGARDLESS of your choice, do not make decisions based on anxiety, take a deep breath, think 10 times before making decisions that may end up leading to unnecessary money loss.
The last tip is for those thinking about buying during the drop.
Wait for the market to show signs of recovery, stay alert, if you buy hastily you may end up suffering a significant drop and missing out on a great opportunity for gains.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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