What to do if you're trapped? Active response is key! Here are some practical ways to get out:
1. Actively resolve the situation and cut losses in time
If you bought a coin at a high price after a significant rise and realize your judgment was wrong, decisively cut your losses. Preserving your principal is crucial; with principal, you have a chance to turn things around.
Adjust your portfolio and change coins
If the coin you hold is performing poorly and continues to decline, consider switching to a coin with more potential, using new earnings to compensate for old losses.
Reduce costs
If you're deeply trapped and anticipate further declines, you can sell part of your holdings and buy back at a lower price, gradually lowering your holding cost.
2. Passively resolve the situation
Incrementally increase your holdings
If your purchase price is not high and you believe the market still has room for improvement, you can increase your holdings in batches to average down your costs, but be sure to control the number and pace of your increases to avoid over-investment.
Be patient and wait
If your entire holding is trapped and you can't increase your holdings, avoid blindly selling at a loss. As long as your funding sources are stress-free, patiently wait for the market to recover; there may be a turning point.
Mindset determines success or failure
Being trapped is not the end of the world; do not act impulsively. Maintain your mindset, be patient, and opportunities will always arise in the market!
Investment carries risks; proceed with caution.