The market has been quite volatile these days, and getting trapped is inevitable. Jin Yao will do her best to help anyone in need.
A solution to getting out of a position with a success rate of up to 90%! A solution to getting out of a position with a success rate of up to 90%! This will help you avoid the troubles of being trapped, and it's worth remembering!
Every friend entering the cryptocurrency market hopes to make profits, but every friend in the cryptocurrency market will experience being trapped. As an investor, getting trapped is common because the fluctuations of contracts are as pervasive as air in the cryptocurrency space; no one can avoid being trapped, it's just a matter of whether it’s a temporary situation or a permanent one.
Three major misconceptions about getting out of a position:
1. No concept of stop-loss. This has been the biggest reason for general retail losses over the years.
2. Blindly averaging down. When the trend is downward, averaging down will only lead to a worse outcome.
3. "Being trapped is not scary; if I don’t sell, I won’t lose." This mindset is very dangerous; the decline can be very severe and you can’t find the bottom.
There are many ways to actively get out of a position, but the key or central idea is to do everything possible to reduce costs, recover losses, until you make a profit. Yuelin's methods for getting out of a position are actually very simple and easy to understand.
If you want to get out of a position quickly, you must not have a gambling mentality. Being trapped is already a passive situation, so after being trapped, you must stay alert, analyze the situation well, and cannot have a gambling mentality, ignoring the fact that you are trapped.
The key to getting out of a position is decisiveness; you must act quickly to cut through the chaos!
In the current market, many friends are losing money—buying leads to drops, selling leads to rises—mainly due to a lack of a proper trading model. To survive in a dog-eat-dog environment, you need a set of profitable methods and techniques, as well as a guide to lead you!