Losing again? Here may be the answer
It’s hard to suppress your instinct to watch your money slip away.
Although I’ve been in this field for more than a decade, I still feel a dull pain in my heart when I lose money.
However, most people panic when faced with losses, and this panic often leads us to make wrong decisions, especially in the cryptocurrency market.
The years have taught me that the key is patience, not haste. It’s normal to feel sad, but you must never let your emotions control your behavior.
Remember that losses are an integral part of the investment game. When formulating strategies, we should not only focus on profits, but also be prepared for market fluctuations and possible losses.
When the market goes down, we must have a response strategy and always reserve a portion of funds for "dollar cost averaging" (DCA).
I have been doing this for the past year and a half, which makes me feel more calm than many people.
It should be emphasized here that I am only referring to spot trading; as for futures trading, I strongly recommend that you stay away from it because it may ruin your future.
It is recommended to use Binance's AutoInvest and Spot DCA functions.
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