Update and help for people who fell into FOMO $XRP and the best way to reduce losses:
First: You have to understand what the market maker and smart money driver wants.
Second: What percentage of the capital did you put into the deal?
Third: Take the step.
The market maker now wants a mass and large escape of people from the currency by tempting them that the rest of the currencies are achieving a large rise and they are in their place with boring side trading and exchanging currencies at high prices for buyers at a rate that does not greatly affect the currency, and while the largest number of people are leaving, they begin to increase the pace of selling so as to spread panic among those who own the currency, and when they sell the currency to limit losses, the market maker will return to buy in large quantities from the bottom (then you start to see pictures of people whose currencies rose shortly after they sold them and from their regret for that and as a kind of rejection of the loss, the same person returns to buy again from higher levels and begins to color himself and that he should have been more patient and that this rise that I was talking about was delayed a little, then they will return to boring side trading and exchanging again and repeat the same ball until they finish with it.
If your purchase percentage is equal to or higher than 50% of your capital, sell half and do not make the same mistake and you will recover your loss. During that, the stages we mentioned above will have ended and after a while you will find that the currency has returned to the entry prices, and you have not reserved your entire capital and the market has not been destroyed and you have not lost anything.
If it is less than that, keep it and the market maker will definitely do it and perhaps you will come out with a profit because he simply will not waste the amount of propaganda he left behind in bearing the raising of the currency with huge liquidity to huge and completely unexpected peaks, and if he does that he may lose the confidence of the public who have recently started joining the market.
Finally, and this is the most important stage, take the step, do it and do not look back even if it rises many times the next day or in the second minute of your exit, and the reason is simply because this is a market that does not repeat itself often and you have a high chance of compensating for your losses the next day if you have strict capital management. You have to be your own manager and control your feelings and take your step and bear responsibility for your actions and follow-up, while wasting your time sitting in the market maker’s window while he milks the rest of the currencies and you wait for him to return to you to get you out is failure in itself, take the step and continue on your way and bear the consequences of your actions and learn from them and continue to succeed.
