-#BSCTradingTips
#WhaleMovements $ The best time to buy is not when prices are low, but when prices start to recover.
- To hunt successfully and return unscathed, you need to equip yourself with attack and defense skills, have a hunting strategy; otherwise, when it starts to rain, you will be confused, frantically change plans, and make many wrong decisions. When you need to cut losses, you don’t, and you let them get heavier. When prices rise, you don’t sell, but when prices turn and go into losses, you hurriedly sell off.
- Over 90% of investors during a crisis do not set stop-loss orders. Some reasons given are:
- I invest for the long term, so prices can go down as much as they want.
- I put my money here and will forget about it for a few years, it will definitely profit.
- I bought at the bottom, so it cannot go down anymore.
- This is idle money, I have no need for it, so I don’t need to set stop-loss.
You may not know, during the global economic crisis of 2008, many people who tried to catch the bottom lost all their money, and the things they invested in will never return to their old price levels.
The market will recover, but it may take a long time. And even when it recovers, it will be new names, it doesn’t mean that the things you bought will recover. Stay mentally clear.