The two most common ones I have heard in recent days are
1: The profit retracement is very serious, what should I do, and I have no money to cover my position, what should I do?
2: I didn’t enter the market last year, and then the market rose sharply in January, February and March this year, and I rushed directly into the highest point and was trapped. Is there still a chance? Should I cut my losses?
First, about the first point
You also know that it is a profit retracement, then it doesn’t matter, people are like this, if they make 1 million and then 2 million and finally become 1.5 million, they will feel that they have lost money. Psychology shows that people will feel balanced only when they make 400% of their losses. Then in the current market, just wait patiently for this wave of decline, and the subsequent season will be the harvest season
Then about the second point
First, tell me what your purpose is for rushing in at the highest point? You think it can still rise and want to make money
In fact, your idea is correct, but the various episodes in the middle are a bit beyond our expectations, but it doesn't matter, the dark moment is short, it's only a few days now, adjust your mentality, dawn is coming
It's a stupid thing to cut losses now. You cut off a coin that has lost 50% and then buy another coin that has fallen by 50% at the same time. Why bother?
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