Things to do While Market Crash 📉
This Post is gonna help you a lot, just read till the end. Whenever the market goes down, people get panic and make a few common mistakes, resulting in huge losses. Instead, do these things, and I'm sure you will not only keep yourself away from losses but also make good profits even in these types of crashes.
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🎯1. Stick To your Plan.
A plan is very important for anything in life. So in the crypto market, it becomes very essential. Before taking any trade, make some plan of buying, DCA, and selling. Then stick to that plan even if you are in a 90% loss.
🎯2. Do DCA
DCA is very important. We can't neglect the value of DCA in trading. Every crash is an opportunity to enter the market not just to lower your entry point but to make some quick profit. So always spare some dollars for DCA. DCA will help you a lot in not making big losses.
🎯3. Avoid From Future Trade
Future trades not only increase the probability of profit and quick profit but also increase the chances of losses. No one can predict the bottom of the crash, so it becomes very lethal to do future Trade in a dump. I have seen many people getting liquidated their entire portfolio due to future Trade, so avoid it in a crash unless you are a pro trader.
🎯4. Trust in Yourself
Believing in yourself is a great thing. I have seen many crashes in my life. Now it doesn't affect because I have a strong belief When you believe in yourself, you don't panic. When you don't panic, you don't make mistakes.