Post
Topic
Board Altcoin Discussion
Re: How to manage losses?
by
Fatunad
on 31/08/2021, 23:46:05 UTC
how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
 in your opinion how diversify your investment in other alts to cope up your losses?

To cope up my loses I wanted to exit during danger of having dip of current holdings, which I thought to be dropping at cheap price. I couldn't sustain longer while waiting for my asset to increase again. Long term plans is only good for eth and btc that's why taking short term trading was only beneficial for altcoins within short period of time.
There are really coins which are really good or does fit out with short term durations which simply means that you would really need to make out decisions basing on what you are seeing on market trend.
Managing losses is depending on someones skills because it is part of risk management which people should really learn up because if you dont know on how to handle well in terms of your finances
or capital then you would surely be having a problem towards on profiting. Try to make yourself sustainable and minimize losses as small as possible.