There is a big premise, only the copycats bought on Binance will work, other unscrupulous and unscrupulous exchanges will not work
If your copycat stock has fallen by 80%, there is no need to sell it. What you can do is to cover your position again after it falls by another 50%. Cover again after it falls by another 50%. Suppose you have a capital of 100,000 yuan, and you buy 10,000 copies of a copycat stock at a price of 10 yuan. It will take time for it to fall to 2 yuan. You can work and earn 10,000 yuan, and then cover your position. Now you have 15,000. Wait for it to fall by another 50% to 1 yuan, and then buy 10,000 copies. Now you have 25,000. If it falls by another 50% to 0.5 yuan, buy 20,000 yuan. In this way, you have 65,000 coins. In fact, at this time, the drop from 10 yuan to 0.5 yuan is only a 95% drop. A lot of people fall by 95% in a bear market. Even if it falls by another 50%, buy another 20,000 yuan, so you have 145,000 coins.
Well, your total investment here is 10+1+1+2+2=16w
Your holding cost has dropped to about 1 yuan. Wait for the bull market to rebound.
There are a few important details here.
1. After you have covered your position to 160,000, if the price drops again, do not cover it again. Basically, 160,000 is a copycat, and the maximum loss limit. If you have other money, you might as well go to other promising copycat coins, and don't put all your eggs in one basket. This will avoid the bull market copycat cycle rising, and the copycat you bought will not rise, and you will also avoid the death spiral falling coins like Luna.
2. Most of the altcoins on Binance have a bottom line and basically won’t be cut too badly. If you look at other altcoins, you will find that there are many that have no bottom line and their coins keep falling, and they don’t rebound even in a bull market.
3. If you buy a coin and make an investment, you should treat it as throwing away money. If it doesn’t go up, you will never sell it. Unless Binance removes it, then sell it and admit defeat.
Assuming that this coin has never risen since it fell, and the rebound is also very small, then don't blame yourself for choosing this garbage coin. Blame the dealer for his strong brainwashing ability. If you are fooled, just surrender, don't have too high expectations, and abandon it at the cost of silence.
4One failure is not a failure. Don't be discouraged. If you make a mistake, you have to choose the next coin. The suggestion for choosing coins is not to choose old coins that have exploded before, because once the coin falls, the dealer will sell out all the goods. There will be no kind dealer who will pull up the copycat to help you get rid of the loss and use the money for the pull-up. You can open ten new plates (some people will say that there were coins that fell to the bottom in 2017-20, and then pulled up to a new high and pulled up a hundred times, such as doge sol Ada. Vet
Bnx Etc zil. This type of money is always a minority, and this is not the money you should make. You should look at hundreds of coins that will not rise) You should choose coins with relatively low market capitalization, which have not exploded or been hyped.
That’s all for today. There are many things that cannot be discussed in depth, as it will affect many interests. I also hope that the banker will be more gracious and show mercy. Even if I say something, it will not affect too much. If everyone can learn to trade by reading articles, then the books of Buffett and other stock gods would have made everyone rich and financially free. The economy is not good, leaving a bite of bread for the leeks in the bear market. Long-term thinking will allow the industry to develop healthily.
If the article goes viral, it is a blessing, as more people will master the skills. If it is quiet and only seen by a few people, then you can be happy for yourself. With more practice, you will definitely be financially free. There is no better financial market than the cryptocurrency market. You will never leave the table until the last moment.
Liang Chao ———— A trader for ten years, he leaves his voice behind and shares his trading experience, mindset and principles for free.