The market has been volatile recently, and many cryptocurrency traders have been trapped.
Being trapped is actually very common in investment, especially for those who don't set stop loss. When the market comes, many people start to panic, but at this time we need to deal with it calmly. Investment is not about who earns more, but who can go further. Therefore, we must be steady and decisive in our operations. I suggest that you must control your positions and set stop loss. After all, if you encounter a big reverse market, not stopping loss in time may make your previous efforts go to waste.
Advice on sound operation
Be prudent when entering the market. After all, all investments are risky, and the more times you enter, the greater the risk. Therefore, it is best to wait until the market is clear and then follow the trend. In addition, do not expect every transaction to be successful. For example, if the profit does not meet expectations, but there are signs of a reversal in the market, it should be an obvious choice whether to exit.
Sharing of ideas on how to solve the problem
The following are some of my personal ideas for solving the problem, I hope they will be helpful to you:
#### According to the position
1. Shallow position: You can use the rebound to get out of the position, or reduce your position when the price goes high.
2. Deep arbitrage: You can partially reduce your position or add to your position when the price is high to lower the average price, so that you can take the psychological initiative before the market comes.
#### According to the trend status of the purchased coins
1. Downward trend: Once the downward trend is confirmed, it is recommended to stop loss immediately and never harbor illusions. Any hesitation may lead to a deep trap and eventually be difficult to extricate yourself.
2. Balance the oscillating trend: There is no need to stop loss immediately, wait patiently for the market to enter a high level of oscillation, and leave the market decisively once the position is untied or the loss is small.
3. Upward trend: No need to stop loss, just hold on patiently for a while, you will definitely get out of the predicament, and there may even be greater profit.
I hope these suggestions can help everyone move forward steadily in a volatile market.