Post
Topic
Board Trading Discussion
Re: How to proper trade in you asset in this market situation?
by
sana54210
on 04/06/2022, 15:49:30 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.
Continue to hold the coins, always continue to hold the coins if you want to fix that. There are many people who will go with the second route, but they will end up losing most of the time, that is a thing that is unsure and not known path and you may not come out on top with that.

However, if you hold it long enough then you will always profit, of course this works for bitcoin and eth and other strong projects like that, doesn't mean it won't work for high ones though. Just hold them, hold them a year, hold them 2-3 years if you have to, hold them and you will make a profit for sure without a doubt. That is why I believe that first route will be the path to profit for everyone.