Post
Topic
Board Trading Discussion
Re: What will you do when the market goes down? This is my advice
by
omonuyak
on 04/04/2019, 17:57:04 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
Traders always take little profits along the way and that is some how quite different from investors.  I believe those that are saying we should hold are investors and not traders.  Those that buy bitcoin when it was around $560 in November 2016 and did hold since then till December 2017 when bitcoin went as high as $19000 and sold has really make money from the market.