#Dogecoin基金会启动DOGE储备 #币安投票上币 #币安理财收益竞技场
How to break free from being stuck in a trade?
Breaking free, as a term in the cryptocurrency world, refers to the price of a coin rising back to the purchase price so that the coins can be sold to recover funds. Learning how to get stuck is truly learning how to hunt; learning how to break free is truly understanding how to trade cryptocurrencies.
Below are methods for breaking free, generally divided into two types.
1. Proactive strategies for breaking free
1. Cutting losses
If you realize that the purchase was a serious mistake, especially if bought at the peak of an early surge, you must have the determination to cut losses decisively and timely to ensure the safety of your funds. There are many opportunities in the crypto market; as long as the funds do not suffer significant losses, you can always earn it back.
2. Switching coins
If the coin in hand is stuck and in a weak position, with still room for further decline, if you accurately judge that another coin has a larger upward potential and stronger momentum, you can decisively switch to the new coin to offset the losses of the old coin with the profits from the new one.
3. Short selling
When it is determined that you are deeply stuck and cannot cut losses, and the market or a certain coin has further downward potential, you can use short selling to first sell the stuck coin and wait to buy it back at a lower position, effectively lowering the cost.
2. Passive strategies for breaking free
1. Averaging down
If your buy-in price is not high or you have strong confidence in the future market, you can use the averaging down technique. However, ordinary investors usually can only withstand one or two rounds of averaging down, so timing is crucial.
2. Lying flat
If you are deeply stuck with a full position, unable to cut losses or add to your position, you can only wait passively. As long as it is your own money, not borrowed or loaned, you can wait patiently. Do not act emotionally by blindly adding to your position, cutting losses recklessly, or making chaotic moves.
Even the most diligent fisherman, during the stormy season, will choose to calmly protect his boat and patiently wait for the storm to pass; sunny days will eventually come. Follow me, I will not only give you fish but also teach you how to fish; the door to the crypto world is always open to you. Only by following the trends can you embrace a smooth life. Keep this in mind; this is your wealth guide!
The trades I have experienced, whether common or rare, have exceeded ten thousand times, and each one is a mark of practical experience, not just theoretical discussions. They stem from the struggles of the market, not from ancient military strategies.
