Quote from: fullhdpixel on Today at 08:28:24 PM

Quote from: Hardkoin on July 26, 2023, 08:37:52 PM

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.

There is nothing one can do to immediately get out of such a situation, spikes occur when you make trades and you will need to deal with them, if you make hasty and quick decisions, you might end up losing money, so you will need to be calm and collected and think and look for ways that can be used to give you the best outcome in that situation, I have been there, and I know that it's difficult and you kind of have to deal with mixed emotions during this period.

If you have bought a certain token and the market dipped right after that and you can clearly see that your assets have lost a lot of value, you definitely need to hold and wait for the market to recover, if the coin or token is trusted, it will go up when the market does, and, if you have more money, maybe you should also keep buying more trusted and reputable cryptocurrencies so that you can get more profit once the market goes up.

There's only one thing you can do which is to cut losses and this is something not really that recommended on doing so since there are really situations on which the price could really move up and recover on its own.
I agree into those points above that as long you arent that liquidated into your position then it would really be just that wise that you should really be that holding up that position and never ever tend to cut losses,
unless if that is only your capital on doing trade and you dont have no choice then cutting your position will really be most likely that you would really be making such action. It all matters on a certain individual
since not all would really be that too confident when it comes to market volatility on which if they do saw that the price is really that going down then they would really be tending to freak out and assuming that
the price would really be going down to the floor.If you arent really getting used to on how this market behaves or works then you would really be having that kind of reaction on which this one would really be causing
such bad calls and decisions on which you shouldn't really be doing at all or its never been worth on doing so. Caughting yourself on the spike is really a very common scenario.