The market has been very strong these days. Along with profits, risks have also increased exponentially. Such a large amount of liquidation also reflects everyone's greed. What should we do?

1. Accept the facts

The first thing to do after liquidating your position is to calm down and accept this fact. You have to know that it is impossible to completely avoid losses in trading. Don't try to avoid it, but accept it. A negative attitude is very taboo and will leave you immersed in a sense of self-doubt.

Successful investors all know that there are risks in trading, and the only way to success is not to be afraid of risks.

Use liquidation as an opportunity to learn, grow, and improve, so that you can avoid making the same mistakes in the next transaction.

2. Find problems

After accepting the fact of loss, it is time to ask yourself: "Where did I go wrong?"

Then there is a review, for example, whether the leverage is too high? Are transactions executed according to plan? Is the trading system suitable? After reviewing these issues, you can think about what you could do differently to avoid them.

3. Open a micro account

Many investors will choose to open virtual accounts after liquidating their positions. We do not recommend this. Although it sounds safe to "accumulate experience and then practice", the feeling of trading with virtual accounts and real accounts is different. In virtual trading, your subconscious mind will feel that the money used in the transaction is not real. At this time, your confidence and decision-making are unreal.

If you choose to open a virtual account because of frustration after a loss, your fear will be infinitely amplified when you conduct actual transactions later, and the probability of loss will be even higher than before.

Therefore, we recommend that you open a micro account after a loss and continue to trade with real money, but the risks you take will be relatively low. At this time, your emotional state and trading behavior will be consistent with before. When you start to make profits , you can switch to opening a larger account.

After a liquidation occurs, we also need to adjust our mentality and not let a liquidation destroy our confidence. You can improve your trading strategies through timely review, identify key issues, open micro accounts to test the waters, conduct professional training, etc., and gradually find a trading method that suits you. #BTC #Web3Wallet #DOGE #AltcoinSeason #ORDI $BTC $ETH $XRP