Don't panic about the losses; these 4 self-rescue methods are clear, follow them and you'll feel more secure:
- Stop-loss to protect capital: During a sharp decline from a high position, first clear out the positions that have lost the most, protect your capital, and only then will you have a chance to turn things around.
- Hedge to reduce risk: If you can't bear to cut losses but are afraid of further declines, open a small short position or a reverse ETF; this can help you minimize losses.
- Day trading to lower costs: In a volatile market, if conditions allow, use your core holdings for intraday trading, don't follow the crowd and buy randomly, and gradually lower your costs.
- Adding positions with caution: Confirm that the decline has stopped and the valuation has bottomed out before adding to good targets; add in batches, don’t go all in, and leave some margin for peace of mind. $BTC $ETH $XRP #BNB创新高 #杰克逊霍尔会议 #美国初请失业金人数
