Fully invested and trapped, the first thing to do is to stabilize the risk and wait for the opportunity!
After you’re fully invested and trapped, many people’s first reaction is:
Add a bit more to average down the cost; after a rebound, quickly get back to breakeven; or frequently buy and sell, trying to turn the loss into profit.
But the more急, the easier it is to turn an ordinary loss into a risk you can’t bear.
What you should do first:
① Stop impulsive actions,
② Then remove the fatal risks,
③ Next check the quality of your holdings,
④ And finally rebuild your exit criteria and position plan.$BTC
After you’re fully invested and trapped, many people’s first reaction is:
Add a bit more to average down the cost; after a rebound, quickly get back to breakeven; or frequently buy and sell, trying to turn the loss into profit.
But the more急, the easier it is to turn an ordinary loss into a risk you can’t bear.
What you should do first:
① Stop impulsive actions,
② Then remove the fatal risks,
③ Next check the quality of your holdings,
④ And finally rebuild your exit criteria and position plan.$BTC
