Quote from: Silberman on Today at 08:47:11 PM

Quote from: Azizcdra on August 05, 2024, 05:10:48 AM

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.

If you do found yourself on being emotional or not really that patient enough to see yourself on a bearish market then the most ideal thing to be done is to stop yourself on doing such actions on which we know that
it wont really be that something recommended for you to move further specially if your state of mind isnt really that something that on a relaxed state but rather you are really that being panicking
or simply not at ease on which this would really be causing up for you to make rush decisions which it might be that resulting into such bad trades on which we know that it wouldnt really be that recommended on doing so.