What to do when you're stuck? Don't panic, after reading this you'll know how to get out!
Recently, the market has been very volatile, with back-and-forth battles between bulls and bears, and many people are caught halfway up the mountain. To turn dangers into opportunities, the key is to clearly understand the status of your holdings and the trend of the assets you are dealing with.
🔍 1. Check your position status and choose a response strategy
1️⃣ Shallowly stuck: If the loss is not deep, you can wait for a rebound to reduce your position or directly exit to avoid giving back profits.
2️⃣ Deeply stuck: Consider adding to your position at a high level to lower your average cost, maintain good risk control, stabilize your mindset, and wait for a chance to recover.
📊 2. Look at the trend to decide whether to hold
1️⃣ Downward trend assets: Cut losses without hesitation, don’t go against the trend, the longer you drag it out the greater the cost.
2️⃣ Sideways trend assets: There’s no rush to cut losses in the short term; wait for a high point in the range to exit with minimal losses, which is a better solution.
3️⃣ Upward trend assets: If the trend remains intact, there’s no need to cut. Those who can hold on often end up laughing last.
📌 Conclusion
Being stuck is not scary; the key is not to “grit your teeth and hold on.” Strategy is more important than emotion, and a system is better than fantasy.
