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Here is what to do when you see so much red in your portfolio.

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by COINS NEWS 84 Views

So I am making this post because I have had to answer this question several times today.

People ask me, is the market going to dip further, what should we do?

Let me speak to 2 categories of people here:

-the first is the day trader or swing trader, I don't have much to tell you but if you have that much liver to day trade then you should by this time know what to do. Stay out of every trade until the dust is settled.

  • The holder: If you are holding for a long term or whatever term, you do not have any business doing with short term price movements, your concentration is to wait and see the huge price movements during bull run and then you can take your profits. I know someone might be thinking of selling and buying low, when that thought comes into your mind know that you can probably loss your position.

Remember I am yet not talking about losing your money but I am talking about losing your position. Let me explain what that means,

Let's say you buy Eth at $1800 and you get let's say 1.3Eth and prices are at $1850 and you think prices will fall badly so you want to sell and buy back at lower prices, if you are not a master of the game you will probably buy Eth at $2200 this time with same $1850 but you will not get same 1.3 Eth as you had so you might get somewhere 1.1 Eth, at this point it was better off holding than selling with hopes of buying back. Because 1.3 Eth and 1.1 Eth are not the same though you cash is same value. So when eth hit $10k you will have $11k if you hold 1.1Eth but if I hold 1.3 Eth I will have $13k

People sold certain coins at a particular price and they will never be able to buy back at their selling price.

Think through your actions.

submitted by /u/lucrica
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