What red flags do you have as a trader in a bear market?
🚩 You are a walking red flag trader if...
🚩1) You decide to enter the market just when Bitcoin drops from $70K to $49K without any prior analysis.
🚩2) You sell your assets in panic when you see the market in red.
🚩3) You ignore your stop losses just because “this time it will recover.” Hope is not a strategy.
🚩4) You think the market can’t fall any further just because it’s already gone down so much.
🏳Tip: Never underestimate the market’s ability to surprise you; there are always more zeros after 0. 🚫
🚩5) You don’t have a clear plan for a bear market. Uncertainty can be overwhelming, but a good trader always has a plan B (and C). 🗺️
🚩7) You hold on to your losing positions in hopes that they will recover.
🏳Dude, don't become a disaster holder! Sometimes, letting go is the best. ✌️
🚩8) You invest more capital in a desperate attempt to average out your losses. Remember, averaging into a dip can lead you into a deeper hole. 🕳️
🏴☠️And you are the biggest red flag walking if:
🏴☠️You trade with 50x leverage while BTC is correcting.
