Post
Topic
Board Trading Discussion
Re: How to proper trade in you asset in this market situation?
by
Silberman
on 01/06/2022, 18:22:10 UTC
I bought and invested about 20 to 30 coins. But the market has moved to a position where as soon as I open my wallet I see that I have lost a lot of money.At the moment I can't sell any coins on my own. Because I have a lot of losses in all of them.In this situation I am living my life very badly. I can't sell anything in thousands of such situations.


This is a typical mistake of a beginner who did not sell at high and now does not want to sell at a lower price in order to fix a loss. I think that every trader has found himself in such a situation. This problem is solved only in two ways: either you continue to hold the coins, hoping that the price will return to the previous one, or you sell if you think that the market is in a bearish trend.
Those are the only options that he has, however when I read the post he mentions that he has invested in 20 to 30 different coins, which tells me that most likely he has invested mostly on shitcoins, and if this is the case then he needs to sell now as it is incredibly unlikely the majority of those coins is ever going to recover, as even if the concept was good and there were honest developers behind the projects, very few of those coins will survive and make it to the next bull market.