A must-read for unwinding! Here are three effective methods:
The first method: stay the same in the face of change. No loss if you don't sell, as long as you haven't sold it, it can't be considered a loss.
However, this requires you to have enough funds to withstand all risks.
The second method: operate by shifting gears.
Stop loss first, and then buy back when it rebounds to a suitable price, so that you can reduce or even out the loss.
The third method: cut the Gordian knot.
Sell all the targets held to avoid further unilateral price declines and greater losses. This strategy is suitable for short-term speculators, because in a downtrend, the longer you hold, the greater the loss.
Choose a method that suits you, stay calm and rational, and avoid greater losses.