Many people are currently trapped in contracts due to cryptocurrency trading. Actually, getting out isn't that difficult; the key is to keep an eye on your holdings, the overall market direction, and your judgment about the future market. There are just a few practical methods to get out:
1. Cut losses decisively: If the coins you hold keep falling and you can't even see a sign of rebound, don't hesitate; quickly sell to stop the loss, preserve your capital, and there will be opportunities to recover later. Don't let yourself fall deeper.
2. Reduce positions at highs, buy back at lows: If the market is unstable and coin prices are fluctuating like a roller coaster, take advantage of rebounds to sell some, and wait for the price to drop before buying back. This way, you can lower your cost.
3. Buy more as prices fall: If the overall trend is still upward, then a drop is a good opportunity to buy. Buy more coins to lower your average cost, and when the price rises again, you can sell for a profit.
4. Short-sell inversely: If you are already deeply trapped and it looks like prices will continue to fall, then go to the contract market to short-sell, earning back some money to offset the losses.
The most important thing is to stay calm, don't let emotions cloud your judgment, set clear profit and stop-loss points for yourself, avoid greed and missing good opportunities. Sometimes in the cryptocurrency world, doing nothing can be better than blindly messing around.
Recently, I plan to get into a potential coin that is ready to explode, doubling my investment should be quite simple. At the same time, I am looking for some potential coins to hold until the end of the year, with an expected space of more than 10 times is not a problem. If you want to follow along, please like and leave a comment for free sharing.
