How to get out of a position?
1. Active Position Relief
1. If you bought the wrong asset, especially if you bought high after a significant increase, you need to be resolute and cut your losses early to protect your wallet. There are many opportunities in the market, and as long as your money is still there, it will be easy to make a comeback.
2. If the asset you hold is not performing well and continues to decline, look for another asset that is about to rise and quickly switch to it, using the new profits to cover the previous losses.
3. If you are deeply trapped and believe the price will continue to fall, sell a portion of your holdings and buy back at a lower price later, which will lower your average cost.
2. Passive Position Relief
1. If you bought at a low price and believe the market will recover, you can invest small amounts multiple times, but don't overdo it; timing is crucial.
2. If you are fully invested and trapped with no funds to add or unwilling to sell, then just wait. As long as the money is yours and not borrowed, be patient; you never know when you might break even.
Remember, being trapped is not the end of the world; avoid impulsive actions, maintain a stable mindset, and opportunities will always arise.