Post
Topic
Board Trading Discussion
Re: what if faced with such a situation and what your backup plan is
by
agustina2
on 04/03/2018, 19:51:07 UTC
whether you have a backup plan if you are involved in trade issues, such as significant price reductions or down too far, and there are two options that exist in your view between holding or selling them, each having different risks, holding back and expecting prices to back to normal but I think it will take a long time or sell it and accept the loss and then buy it back with the sales you have generated.
maybe you some better advice you can give me.
i appreciate everyone's opinion.

I will not called it as backup plan but rather another strategy in case my desire thing isn't happened.

Before doing such trades, not just plan for attack but plan also for other things like listing "what if's". In that way, if ever one of those "what if's" happened, there are some moves on how to deal with that current problem. Actually different trader have different way so the strategy is vary from different people.