What to do if you are stuck with a long contract? This is the mentality of all of you, without exception!
The common tricks to get out of the trap are so simple: hold it tight!
Cut the Gordian knot: If the coin in your hand keeps falling and there is no sign of a reversal, don't hesitate, stop loss and leave quickly, and even consider shorting. Don't hold on, otherwise you will only get deeper and deeper.
Sell high and buy low: If the market is fluctuating, the coin price is sometimes high and sometimes low. At this time, you can take advantage of the rebound opportunity to sell a little at a high point and buy it back at a low point, which can reduce costs.
Spread the cost: When the coin price falls to almost the bottom, you can add more positions to spread the cost lower, and withdraw quickly when it rebounds.
Short hedging: If you have been stuck very deeply, and although it is still falling, but you think there is a chance to rise again in the future, then short, and the short orders should be more than the long orders, and make some money to make up for the losses.
When doing contracts, you need to set up stop-profit and stop-loss, don't be too greedy, and don't procrastinate.
At present, I have locked in a potential dark horse coin that is about to soar, and doubling is just an easy jump! The bigger goal is to carefully select a batch of potential coins that are expected to explode before the end of the year. I will announce the specific big moves later. Click on the avatar to follow me and share directly!
