The market has accustomed everyone to a situation where it only rises and never falls. Now we finally encounter a more prolonged correction, and you can only think about the profits you once had.
You realize that during the initial rise, you didn't make enough money, perhaps because you spent too much energy fighting the trend, or you didn't have enough courage and discipline to take profits at higher price levels.
Many of you were over-leveraged at the peaks. Your confidence fluctuated with the price, and the value of your positions resembles an electrocardiogram.
Now, as we fall back to the long-term moving averages (just reached 4 hours, not sure if we can even call it long-term); you will no longer have the funds to buy more here to lower your average cost.
Instead, what you can choose now is:
1. Cut your losses at the lows and hope to buy back at a lower price.
2. Add more margin to lower your liquidation price.
3. Or do nothing and pray that the market forgives your mistakes in the upward trend in the coming months?
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