1. if you see that the price is starting to fall and you are already at a loss, sell 80-90% of the coin immediately with this action, you will have money reserves, if the remaining 10%-20% falls, you will be able to buy it again with your 80-90% money reserves. (It work like magic - allmost)
Selling 80-90% of the coin and buying it back later is a good idea but this will work well only if the coin is not going continuously downwards. And if you know the point of reversal or will you wait until it reverses before you join the upwards trend. This method seems effective but if you time it wrongly it's Gona backfire immensely. 2.start buying with 1%-2% of your total money allocated for this operation, just make daily purchases of 1%-2% for this coin even if the coin is in an uptrend.
I know that people sell all their coins quickly out of fear and panic when they see that there is a big loss but this is wrong you only have to sell 80%-90% and the rest you can already control with your money reserves it is like driving a car where you you must not panic but control the situation with a cool head by acting correctly with the steering wheel and gas pedal following what you have been told or the same as self-defense where you have to not follow your emotions but act with a cool head according to the instructions in order to achieve maximum control over the situation.
I know that people sell all their coins quickly out of fear and panic when they see that there is a big loss but this is wrong you only have to sell 80%-90% and the rest you can already control with your money reserves it is like driving a car where you you must not panic but control the situation with a cool head by acting correctly with the steering wheel and gas pedal following what you have been told or the same as self-defense where you have to not follow your emotions but act with a cool head according to the instructions in order to achieve maximum control over the situation.
Not panicking when your cars goes off control implies that the driver is not only an experienced driver but he is also emotionally and morally strong to withstand and defeat fear. We should also not forget the confidence factor. A non confident driver will end up bashing his car because of fear. Same is applied to trading, even if the trader is a pro but if they are not emotionally strong, mistakes and regrets are inevitable.
What i do is when Market goes up i keep buying when Market goes down i keep buying.
When Market goes up a lot Im selling most of my coins.
I reapeat over and over again.
It don't matter what the market is doing ...i win anyways.
