This simple guide is for newcomers.
How to deal with bearish market and spot losses? First thing to keep in mind is to invest in coins that are well known and established in order to avoid big losses. Now you have already invested and are in loss. Rule No. 1 : Don't panic sell. If you sell at loss then you are at loss. If you are 100% certain the token won't ever recover sell it only to buy another token that has also seen dump but is well known, or just convert it to popular coin that is having a bad day to minimize loss. However if you are a $DOGS holder just keep it don't sell it now, because it is has seen 60% deficit and very unlikely to go down further.
More rules.
Diversify your investments. Buy when the token is at its lowest RSI and sell when it gets you decent profit don't wait for the moon, by the time it goes to the moon you would have bought and sold it a hundred times and still have more of it from when you started trading it. So if it goes to the moon, you too go to the moon :) Best is to set a golden rule, If my token goes up 10% I sell and wait to buy when it goes down again. Simple you can keep more ambitious rules but time taken for each trade may increase exponentially.
So what do you think anything you can add? I feel my method is safe but won't make you rich instantly however won't make you a total loser too.
Last tip Keep BNB and FDUSD to earn from launch pools. If you have a good portfolio unlike me ;) then you will make a lot during launchpools.
Congratulations now you have learned to be level 1 trader.
