Hello Folks,
The dynamics of trading the market change after a specific period. My concern is the spike that usually occurs especially when you are in one direction and the market moves in the opposite direction. Have you experienced such before, what is the best approach a person can take to salvage the situation?
I have had a few suggestions like opt-out, some have said canter trade so you can recover. Do well also to share how one can avoid this possible scenario.
Always have your cut-loss price to avoid getting trap on a specific coin/token or worst is to lose most of your capital.
You have to create a strategy that can fit for your strategy, don't just rush in the market to make profit again take time to learn.
Having the limit can make you more effective, as a beginner you should learn this first before going all in with your trades.