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This mentality of “anything that goes down will come back up” some of y’all approach crypto with is the reason why so many will be bag holders after this bull market.
Some don’t use Stop loss because “everything that goes down will come up” stop loss is like a tool designed to protect you from further losses.
The funny thing is that 90% of traders with this mentality don’t even have what it takes to hodl through blood.
Their bags go underwater-50% and more and then they sell at the bottom because they can’t bear to see their portfolio dropping further.
Their bags go underwater-50% and more and then they sell at the bottom because they can’t bear to see their portfolio dropping further.
When they could have used stoploss cut losses quick and then buy back when a reversal is in sight.
Now let me tell you, not everything that goes down will come back up at least not immediately or as soon as you want.
I bought $AMB in 2019 at 1400
Sats. Even with all the bull market and Alt season, $AMB is yet to even get to 400 sats.
I bought $AMB in 2019 at 1400
Sats. Even with all the bull market and Alt season, $AMB is yet to even get to 400 sats.
My point is, know when your trade is invalidated, then cut your losses & move on.
Don’t let sentiments and emotions get the best of you. You’re meant to be ruthless in this market.
Trade smart.
Don’t let sentiments and emotions get the best of you. You’re meant to be ruthless in this market.
Trade smart.
