The market is never short of opportunities to make money. When extreme market conditions occur, how should we deal with the ups and downs in a short period of time?
Be mentally prepared. Extreme market conditions can bring about myths of wealth creation, but they can also sweep many people out of the market. Before dreaming of getting rich, be prepared for failure.
Set a stop loss. Big opportunities are often accompanied by big risks. Estimate your risk tolerance in advance to prevent excessive losses and a setback.
Stay rational. In the face of extreme market conditions, conventional trading systems and trading methods may be ineffective. Stay calm, think rationally, and avoid making wrong decisions driven by fear and greed.
No matter how extreme the market conditions are, they are only a period of market conditions. Even if you miss it, you can continue to make certain money in the regular market conditions, accumulate experience, improve your cognition, and wait for the next opportunity.
