I am losing all my money from 71 I have dropped to 63 and you advised me to leave it there and keep buying but it was going to generate more loss
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Mr Pipe
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📉 Did you listen to me with BNB? or Did you lose money??
$BNB was at highs near $1350 USD, and I taught you the answer to the following question: WHEN DO I SELL?
Has it happened to you that you sell to take profits, and then it continues to rise in price and you feel stupid for not selling at the highest? Or you buy and then it drops and you feel like you've only lost?? DON'T LET THIS HAPPEN WITH $BNB To avoid this, you should use the technique #DCA. What is DCA? Dollar Cost Averaging, an investment strategy that consists of investing a fixed amount of money at regular intervals. So whenever you buy, don't put $2000 USDT into a token in a single transaction, as this will drop (if you are buying on a downturn or bear market) and you will never be able to buy at the lowest point. Analyze how long the bearish cycle will be, for example, one week, and divide your funds over 7 days and buy every day at the same time regardless of the price, so you will have an average purchase value with your funds, you would be buying the average of the decline of the cycle. Then to take profits, use the same strategy, divide the profit-taking over the period you estimate the bullish cycle lasts, for example, 2 weeks, so regardless of corrections you will have captured profit at all stages and generated an average. Don't be greedy, if you withdraw everything at once, you will always feel that you could have gained more, this is how people lose money, thinking it will go up more and more, then everything drops and they missed the opportunity. Always remember to leave a percentage of eternal HOLD, as you can see in my other posts, #BNB it will go up to x8!!
Has it happened to you that you sell to take profits, and then it continues to rise in price and you feel stupid for not selling at the highest? Or you buy and then it drops and you feel like you've only lost?? DON'T LET THIS HAPPEN WITH $BNB To avoid this, you should use the technique #DCA. What is DCA? Dollar Cost Averaging, an investment strategy that consists of investing a fixed amount of money at regular intervals. So whenever you buy, don't put $2000 USDT into a token in a single transaction, as this will drop (if you are buying on a downturn or bear market) and you will never be able to buy at the lowest point. Analyze how long the bearish cycle will be, for example, one week, and divide your funds over 7 days and buy every day at the same time regardless of the price, so you will have an average purchase value with your funds, you would be buying the average of the decline of the cycle. Then to take profits, use the same strategy, divide the profit-taking over the period you estimate the bullish cycle lasts, for example, 2 weeks, so regardless of corrections you will have captured profit at all stages and generated an average. Don't be greedy, if you withdraw everything at once, you will always feel that you could have gained more, this is how people lose money, thinking it will go up more and more, then everything drops and they missed the opportunity. Always remember to leave a percentage of eternal HOLD, as you can see in my other posts, #BNB it will go up to x8!!
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