Actually if you are a professional investor, you can earn money both in the bull market and down point. The most boring is a market siderway, not the market down.
In strong declines, there is always the opportunity to go a long way in the opposite direction, so anyone who knows how to play in a down market will be rich quick in a bull market.
The important thing in a bearish market is the trend reversal, so remember that in the bearish market and as close to the important support points you should put extremely short SL. For this reason, you can lose 8 out of 10 orders, but just succeed 2 orders, you will get back all, even profitable.
So for a professional investor, you can make money even in a strong down market.
Prepare yourself for a solid strategy and psychology. Good luck !
In strong declines, there is always the opportunity to go a long way in the opposite direction, so anyone who knows how to play in a down market will be rich quick in a bull market.
The important thing in a bearish market is the trend reversal, so remember that in the bearish market and as close to the important support points you should put extremely short SL. For this reason, you can lose 8 out of 10 orders, but just succeed 2 orders, you will get back all, even profitable.
So for a professional investor, you can make money even in a strong down market.
Prepare yourself for a solid strategy and psychology. Good luck !
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Devin Soni
ALL OPINIONS ARE MY OWN ☞ crypto markets, data science ☞ twitter @devin_soni ☞ website https://100.github.io/
Mar 29
3 Ways to Make Money in a Crypto Market Downtrend
Make money even if the market is going down
Even when the market is in an overall downtrend, there are still several ways to emerge profitable. Depending on your level of risk tolerance, you may want to bet on the overall market trend, make guesses on micro-trends, or just hold and make passive income. In each of these methods, there is a tradeoff between risk and reward, and it is up to the individual to manage his or her personal ideal balance between the two.