Are you worried for your investment if the market is red?
#bearish Always do your own research before making any financial decision. This is not a investment suggestion. It's for informational purpose.
There are two simple ways to recover your investment at breakeven or with the profit.
I saved 489
$USUAL tokens as profit by applying the method 2.
Method #1.
Wait, you can either sell at loss or wait for a next few days to get the price up (of course, you need to check charts, research, check social media, and market trends).
Market may return back to the prices in few days, weeks and can take years. But sometimes, price never comes back. You may see hundreds of examples like
$LUNC Method #2.
#DCA - Dollar cost average. It's bit tricky but it works most of the times, especially for me.
Being new in the market, i also did mistakes and learnt from them.
I bought
$CLV in november, it's price was 0.12 per token (hoping to see more green and sell at good profit). All of sudden, it went down. I had two options, the first one i shared with you and the secod one i am doing to cover my loss.
At the time of writing, it's being traded between 0.068 to 0.075.
Let’s take help from math =. (All these are to help understand DCA, not a financial advice).
For example, you bought 1000 tokens for 0.12 each, that means the total investment is $120
The price went down to 0.7, It means the total investment is $70, you need $50 profit to reach $120.
So here's how DCA can help you maintaining average cost or make profit to cover the loss.
Check the market, if you see the market is sideways and will be sideways for next few days.
Buy the dip and sell the peak (it can take time, you can use buy limit or sell limit order types).
For example, you buy 100 tokens at 0.07050 and sell the 100 tokens at 0.07145.
Buying = 7.05
Selling = 7.145
Profit = 0.095
If you divide all these to your initial investment of 1000 tokens, the average cost will be 0.1199 instead of 0.12.
I do not do financial advice but can share my favorites, should I?