Practical Sharing: Strategies for Unwinding After Being Stuck
1. Timely Stop Loss: If you've made a wrong purchase, especially when buying a coin that has surged after a high, you need to make a decisive decision to cut losses and exit as soon as possible to protect your funds. There are many market opportunities; as long as the funds are still there, there will always be a chance to turn things around.
2. Rebalance and Switch Coins: When the coins you hold continue to decline, and you find other potential coins that are about to rise, you can rebalance and switch coins, using the new profits to offset daily losses.
3. Sell High and Buy Low: If you're deeply stuck and believe the market may still fall, you can try selling a portion and then buying back when the price drops further to lower your holding cost.
4. Incremental Average Down: If your position is small and you believe the market may rise, you can appropriately average down in increments. However, control the amount of averaging down and seize the opportunity in a timely manner.
5. Lie Flat and Wait: If your entire position is stuck and funds are tight, and you can't afford to cut losses or don't want to, you can choose to lie flat and wait. During this phase, excessive anxiety and unnecessary thinking can interfere with decision-making. Remember, being stuck is not the end of the world; the key is to calmly analyze and look for the right moment to act decisively.
