What to do if you Stuck in trade?
# The first and very important thing is just relax and dont panic. Nothing is important than your mental health and your life is very precious.
1- Look the market conditions if market is looking consistent, means you have long trade and all coins are dipping consistently or you have Short trade and all coins going up consistently.
2- If your particular coin is going down or going up and rest of the market is normal or going opposite direction than your coin than it means something is wrong with your coin.
3- If market is swinging and going up and down, and your coin is swinging in both ways.
I will try to explain the solutions in easy ways for newbies.
If you are confident then go for some more purchase which called DCA.
If not confident then try to withdraw through DCA.
If you cant DCA, than remember nothing is permanent, coins goes up then comes down also and same comes down than goes up also.
So, dont be panic and wait for the exit either for days or weeks or months. But in panic dont sale cheaply.
If you used the Stop Loss than if you are confident than wait for the SL to hit but if you have confidence than extend it, because market sentiments are always dangerous for someone in somewhere. But these sentiments changes after sometime you stand confident in panic situation.
Donât read too much posts from Binance or anywhere, because allots of people telling same with opposite and same in your favour at the same time, they will make you confuse.
Try to contact with some professional and take advice and after taking advice think if its suits you.
But again, my last opinion, wait for the exit either its after year.
Its not an AI content, i am writing what i am doing, you may disagree, you have full right to disagree, I am student if any professional will give his precious advice i will put my hand on my heart and will welcome his advice or opinion. I am just trying to help or motivate my fellows who are stuck in any trade or nothing else. If you like my writing then dont smile only start follow me.
