To limit losses in the financial market in general and especially in this volatile and highly sensitive crypto market (extremely fast and strong sensitivity), I always identify a consistent approach and answer the questions:
1) What is the purpose of entering the crypto market (to make money, to learn, or just out of curiosity...)
2) What do you already know about the market, and what stage is the market in? How much time do you spend on it each day?
3) Before buying a token, have you researched that token?
4) Once you have identified the target coin, find the entry point with a long-term mindset, not listening to anyone else. Those who hold will praise, while those who don’t will find all kinds of reasons to criticize.
5) Determine that once you buy, you could lose the entire amount invested. Therefore, only invest capital that, if lost, will not affect your personal and family finances.
6) Do not look at other mountains while standing on this one; if the market is in an uptrend, your turn will come.
7) Stay away from Futures and margin trading.
8) Do not act impulsively and do not panic in any situation.
The ultimate goal of everything we do is to seek happiness. Therefore, enter the market with a very relaxed mindset.
Wishing you all success!
