The market has plummeted by 10-90% depending on the type of coin, what does this indicate?
+ Master spot trading first, don't rush to think about future trading.
+ Signs of an upcoming downtrend, so everyone needs to manage their capital carefully. Only invest 10-30% of total capital for trading. If the market declines, that amount won't be too large compared to the total money available. Additionally, by keeping more capital, it's possible to catch the bottom to average the price, so there's still profit even if the market drops significantly.
+ I find that short-term trading within the day is still more stable, with money coming in and going out consistently. In investing and business, the most important thing is cash flow. As long as there’s consistent movement without interruptions, it's good.
+ After the rise during this drop, set aside your spending money for the next year to ensure you can still live well if the market enters a downtrend.
I have been mentally prepared since 5 days ago, so I can say I have some preparation in advance 😊
+ Master spot trading first, don't rush to think about future trading.
+ Signs of an upcoming downtrend, so everyone needs to manage their capital carefully. Only invest 10-30% of total capital for trading. If the market declines, that amount won't be too large compared to the total money available. Additionally, by keeping more capital, it's possible to catch the bottom to average the price, so there's still profit even if the market drops significantly.
+ I find that short-term trading within the day is still more stable, with money coming in and going out consistently. In investing and business, the most important thing is cash flow. As long as there’s consistent movement without interruptions, it's good.
+ After the rise during this drop, set aside your spending money for the next year to ensure you can still live well if the market enters a downtrend.
I have been mentally prepared since 5 days ago, so I can say I have some preparation in advance 😊
