What to do if the trade is stuck?
What to do if the trade is stuck? Unsticking means waiting for the cryptocurrency price to rise back near the buying price, quickly selling it off, and recovering the money. Learning to buy cryptocurrencies is just the beginning; truly learning to unstuck is what makes you a trading expert. Below are two strategies for unsticking.
First strategy, active unstick:
Cutting losses: If you find out you've made a bad purchase, especially at the peak after a surge, then you have to be ruthless, quickly sell it off to protect your funds. There are many opportunities in the crypto market; protecting your capital is most important, and you can earn it back later.
Switching coins: If the coins you hold are stuck and you're worried they might continue to fall, then look at other coins. See which ones have more potential for growth in the future and switch to those, using the profits from the new coins to offset the losses from the old ones.
Short selling: If you're deeply stuck and can't cut losses, but the market or a certain coin might continue to fall, then short sell—first sell the coins that are stuck, and wait for the price to drop before buying them back to reduce costs.
Second strategy, passive unstick:
Averaging down: If the purchase price isn't high, or you believe the market will rise, then average down by buying more. But with limited funds, the timing for averaging down is crucial.
Lying flat: If you're fully invested and stuck, unable to sell or add to your position, then just wait. As long as the money is yours and not borrowed, you can afford to be patient. Don't act impulsively or recklessly.
In fact, being stuck isn’t necessarily a bad thing; sometimes, not being stuck can prevent you from making big money. So don’t see being stuck as a disaster—it might just turn into an opportunity.
In the upcoming layout direction, I will guide everyone to target high-profit opportunities in altcoins, especially those with great potential. An expected growth of over 10 times is definitely possible. If you want to make big money in a bull market, like and comment, and I will help you layout the entire bull market!
