This is a common concern: you've invested in Altcoins, or are holding moonbag profits, and then the market suddenly drops due to unexpected events like war. What should you do?
Stay Calm: If your initial intention was long-term investing in solid projects, don't fear short-term fluctuations, especially for assets whose narratives haven't even played out yet. If P&L volatility stresses you, delete the app and relax. Remember, it's not a loss until you sell!
Look for Buy the Dip Opportunities: Don't let short-term price swings cloud your long-term market view. If an attractive asset is in a good buying range (on a long-term timeframe), buy and hold with conviction.
Avoid Averaging Down or Leveraged Dips: A frequent mistake in derivatives trading is "buying the dip" with leverage, which means doubling down on a flawed idea. In derivatives, always use hard stop-losses and respect invalidation levels from the start. Don't average down and hold onto prolonged losses; it affects your well-being. Build healthy habits!
Don't Blame Yourself: You can only control your input and effort, not the outcome or the market itself. What's done is done. Focus on what you can do moving forward. Don't blame yourself.
Hope this helps!