Trading during a market dump when prices are falling sharply requires a careful approach to minimize risks and potentially capitalize on opportunities. In summary, it's involves a combination of risk management, technical analysis, and strategic positioning. By staying disciplined and informed, you can better navigate the challenges of a declining market and potentially find opportunities amid the volatility. Here are some advice for you:
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For most traders the best move they can make is to do absolutely nothing at that time, and this is because it is very easy to commit all kind of mistakes when the market is going down, mistakes from which it can be really difficult to recover, so the best thing to do for those traders is to recognize what is happening and stay away from the markets until things calm down, this way they will not lose any money while they avoid involving themselves when the markets are moving in such an erratic way.