WHAT NEEDS TO BE DONE IN A DOWN MARKET?
_ At a time like this, if it is a Hold Spot, overnight we can see our account decrease by 5-10%. If you borrow margin, your account can even decrease by 30-40%. Anxiety and insecurity are unavoidable.
_ So what should we do? The answer is: If you have full capital then sit still and don't need to do anything. And if someone already has a DCA plan, they can of course buy more. All options should be prepared before you enter a buy order, not now!
_ Saying so shows the importance of a RISK MANAGEMENT strategy before investing. It not only helps you minimize the possibility of loss, but also helps you maintain a stable and comfortable mentality throughout the investment period.
_ If you have read the first articles on my site, you will see that they mainly talk about RISK MANAGEMENT:
1. Stupidly afraid of losing money? => Forget Margin/Futures.
2. Afraid of the project being a scam, being delisted, or afraid of going all in on a token that won't increase the price? => Large and diverse investment portfolio.
3. Afraid of being fomo, afraid of not taking profits in time before the downtrend? => Be less greedy, set a profit-taking level much lower than the market's general expectations.
DON'T DIE BEFORE YOU REACH HEAVEN!