The list is stuck, let's take a look
1. Cut Loss
If you find that buying was a serious mistake, especially when buying at the peak of a previous explosive bull run, you must have the determination to take decisive action and cut losses in a timely manner to ensure the safety of your funds. There are many opportunities in the cryptocurrency market; as long as your funds do not suffer major losses, you can always earn back.
2. Swap Coins
If the cryptocurrency you hold is stuck and in a weak position, still having room to fall, and you accurately judge that another cryptocurrency has significant upside potential and a stronger trend, you can decisively swap to the new cryptocurrency to offset the losses from the old one.
3. Short Selling
When it is determined that you are deeply stuck and cannot cut losses, and the market or a certain cryptocurrency has further downside potential, you can adopt a short selling strategy by selling the stuck cryptocurrency first and buying it back at a lower price to effectively reduce costs.
1. Average Down
If the buying price is not high or you are firmly optimistic about the future market, you can choose to use the averaging down technique. However, ordinary investors can usually only withstand averaging down once or twice, so the timing for averaging down is crucial.
2. Lie Flat
When fully invested and deeply stuck, unable to cut losses or add to your position, you can only passively wait. As long as it is your own money and not borrowed or lent, you can have the patience to wait.
One must not act emotionally and recklessly give up, blindly add to positions, or easily cut losses and act chaotically. Being stuck is not scary; sometimes not being stuck means not making money, and being stuck could even lead to significant profits. Therefore, do not simply view being stuck as a disaster; if handled properly, it can completely transform into an opportunity.
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