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I got trapped during the trading process, how to breakeven?
Breakeven, as a term in the cryptocurrency circle, refers to the situation where the coin price rises back to the buying price, allowing one to sell the coins and recover the funds. Learning to trap is the true way to learn hunting; learning to breakeven is the true understanding of trading cryptocurrencies.
The following is an introduction to the unwrapping method, which is generally divided into two types.
1. Proactive breakeven strategy
1. liquidation
If you find that buying was a serious mistake, especially when buying at the peak of a previous surge, you must have the determination to make a tough decision, cutting losses promptly to ensure the safety of your funds. There are many opportunities in the cryptocurrency market; as long as your capital does not suffer significant losses, you can always earn it back.
2. Exchange currency
When the currency in hand is trapped and in a weak position, still having room for further decline, if you accurately determine that another currency has a greater potential for future gains and a stronger trend, you can decisively switch to that currency, using the profits from the new currency to offset the losses from the old currency.
3. Short selling
When it is determined that being trapped cannot be liquidated, and there is further downside potential in the market or a specific cryptocurrency, a short-selling strategy can be adopted. First, sell the trapped coins and wait to buy them back at a lower position, effectively reducing the cost.
2. Passive breakeven strategy
1. breakeven
When the buying price is not high or when there is a strong outlook for the future market, averaging down techniques can be chosen. However, ordinary investors' funds can usually only withstand one or two rounds of averaging down, so the timing of averaging down is crucial.
2. lying flat
When deeply trapped with a full position, unable to cut losses or add to the position, one can only wait passively. As long as it is one's own money, not borrowed or loaned, there is patience to wait. One must not act emotionally by giving up, blindly adding to the position, or recklessly cutting losses.
Summary of practical experience: The "secret weapon" of trading strategies, you might as well 【homepage check】 to get the latest cryptocurrency intelligence and trading skills.