There are some rumours that the prices would get down again for one or two times before they reincrease to the level around before the latest year end and even higher. Can anyone here enlighten me and newbies like me, which is better to do if that really happens:
1) hold our assets and wait until the market got fully recover to start trading.
2) increase our capital to reduce the average price.
3) sell our assets with the assumptions to got deficit prives, and then rebuy again at this price.
4) others.
Any suggestion?
My suggestion for you is to set a cutloss point. If you know how to read charts, it will be easier to identify support and resistances. Sell if price breaks down the resistance area because most probably price will dive further. You can always rebuy that if you see signs of price recovery. The problem with holding your position even if it's going down is you don't know and no one knows the bottom price. You better lose small than lose big. You know in trading you can lose small, win small, win big, but never ever lose big.