Must-read for getting out of a bad position!

First method: Maintain the position

You can adopt a 'don't sell, don't lose' strategy. When your position is stuck, as long as you haven't sold, you can't fully confirm that you have incurred a loss.

However, this method requires you to have sufficient funds to bear all risks and ensure you can withstand possible market fluctuations.

Second method: Gradual operation

You can use the 'stop loss and then add to the position' strategy to get out of a bad position. First, choose to stop loss and close the current losing position, then re-enter when the price rebounds to a suitable level.

This method can help mitigate or compensate for the losses of getting out of a bad position.

Third method: Decisive stop loss

Adopt a 'full sell-off' approach to quickly stop loss and close the held assets.

This method is suitable for short-term speculators, as holding for a longer time during a continuous decline may result in greater losses. By selling decisively, you can avoid greater losses from further price declines.