Hello, novice investors!
We want to share some important advice for those of you who are starting out in the world of cryptocurrency trading. One of the biggest mistakes many new investors make is selling their tokens when the market is down. This is often due to panic and lack of planning, and this is exactly what the big investors known as "whales" expect you to do.
Whales are great investors who have the ability to move the market with their big trades. For example, when a whale sells a large number of tokens, say 200,000 at a time, the price of the token can quickly drop. This causes many small investors to panic and sell their tokens at very low prices, the famous "bargain sale". This is the moment whales are waiting for, as they then buy tokens at discounted prices.
In order not to fall into this trap, it is important to create a plan and use tools such as **stop loss**. A stop loss is an automatic order that sells your tokens if the price falls below a certain value. This helps limit your losses and prevents you from selling your tokens in a rush without thinking.
Remember: the cryptocurrency market is volatile and can be manipulated by big investors. Keep calm, stick to your plan and use the tools available to protect your investment.#EDU#initiants
Happy trading!
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I hope this post helps clarify the importance of planning and using tools like stop loss. follow me $BTC $EDU
