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When to hold and when to sell โ๏ธ
โข Before buying any crypto, decide how much profit would feel like "enough". For example, if you buy at $1, consider selling some at $2 to lock in a profit, while still holding some if you believe in long-term growth.
โข Selling enough to recoup your initial investment can reduce stress. You'll have secured your initial funds, leaving the rest as pure profit potential.
โข Keep an eye on market sentiment. If a sudden downturn breaks key price levels, consider placing a stop-loss order about 10-20% below the current price to limit losses. Remember: Knowing when to sell is just as important as knowing when to buy.
๐คทโโ๏ธ Selling at a loss is okay, it's not okay to marry your pockets and decide to hold a coin while it drops 99% while waiting for a recovery
โข Don't panic over small dips if you believe in the future of the project. Over time, you can adjust these profit targets and stop-loss levels based on experience and risk tolerance.
โข Plan your exits in advance. This will help you avoid emotional decisions and improve your long-term results.
Buy Bitcoin and Ethereum. This way you play it safe and almost guarantee yourself some profits in the future โ๏ธ
#FAQ $ETH $SOL $BNB
โข Before buying any crypto, decide how much profit would feel like "enough". For example, if you buy at $1, consider selling some at $2 to lock in a profit, while still holding some if you believe in long-term growth.
โข Selling enough to recoup your initial investment can reduce stress. You'll have secured your initial funds, leaving the rest as pure profit potential.
โข Keep an eye on market sentiment. If a sudden downturn breaks key price levels, consider placing a stop-loss order about 10-20% below the current price to limit losses. Remember: Knowing when to sell is just as important as knowing when to buy.
๐คทโโ๏ธ Selling at a loss is okay, it's not okay to marry your pockets and decide to hold a coin while it drops 99% while waiting for a recovery
โข Don't panic over small dips if you believe in the future of the project. Over time, you can adjust these profit targets and stop-loss levels based on experience and risk tolerance.
โข Plan your exits in advance. This will help you avoid emotional decisions and improve your long-term results.
Buy Bitcoin and Ethereum. This way you play it safe and almost guarantee yourself some profits in the future โ๏ธ
#FAQ $ETH $SOL $BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
ETH
3,914.23
-0.04%
SOL
225.66
-0.30%
BNB
726.67
+2.61%
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