Post
Topic
Board Trading Discussion
Re: What will you do when the market goes down? This is my advice
by
BigTeeths
on 04/04/2019, 06:10:00 UTC
I find that many people have a habit of holding ETH, BTC, altcoin for a long time and always hoping that it will rise again. If you are a trader, you will lose money for that. Set small target and sell them when you see profits. I only need 3-5% profit when trading.

If you see the market going down, stop loss before it's too late. You may lose 5-10% of the capital but when the market goes down you can buy more btc, eth when you hold btc, eth, altcoin.

Sell ​​all ETH, BTC into Stable Coin when the market goes down


I think this perfectly works in a bear period. Everything is under uncertainty so you are much safer if you sold early after seeing it dropping between 3%-5% in a day. The price will always go down after gaining because the major sentiment of traders on that period will always be negative.