Jin Yifan: Contract operation is trapped again, here are some quick ways to get out of the trap
Hello everyone, I am a market strategy teacher in the cryptocurrency circle (Teacher Jin), focusing on the analysis of mainstream cryptocurrency trends in the circle. I don't talk big, I just write my own insights seriously.
No matter what the market situation is, there are always people getting trapped, whether it's a oscillating market or a one-way market. If you are trapped, first of all, don't panic. Did you follow the trend at the first time? Getting out of the trap is not that complicated. If you are trapped, don't hold on to it. If you didn't follow the trend to enter the market, you should cut your losses decisively, otherwise it's fatal! Being trapped is not giving yourself a way out! If you lose, at least there is a chance to make a comeback in the next trade. Learning from mistakes is wisdom. Opportunities are always there. Losing one trade to avoid being deeply trapped is the demeanor of a great trader. Surviving in the market is the way to go! When investing in contracts, sometimes due to not reading the market correctly, or thinking there will be a turnaround and wanting to give up, it leads to being trapped. Through trial and error, I have gradually summarized three effective techniques for getting out of the trap for everyone to refer to.
Three practical techniques for getting out of the trap after being trapped in contract investment
First: Deal with the current position as follows.
Investors who are slightly trapped can use the rebound market to get out of the trap and reduce their positions when the opportunity arises.
Investors who are heavily trapped can also reduce their positions when the market rebounds, so that they can take the initiative psychologically and financially in the next market movement.
Second: Deal with the technical status of the purchased variety as follows.
If the purchased variety is at a high position when trapped, you must immediately stop loss.
If the purchased variety is at a mid-level, you can temporarily wait and see according to the situation at that time, in order to get out of the trap and reduce losses when the opportunity arises.
If the purchased variety is at a low position, there is no need to rush to stop loss. After the purchased variety stabilizes after a decline, dare to add positions at a low level to average the cost. In the upcoming rebound market, rescue the high trapped positions together.
Third: Deal with the trend status of the purchased variety as follows.
If the purchased variety is in an upward trend, there is no need to stop loss. Hold it patiently for a period of time, and it will definitely get out of the trap and may even have the possibility of a large profit.
If the purchased variety is in a balanced oscillating trend, there is no need to stop loss immediately. Patiently wait for the variety to enter the high point of the oscillation cycle. Once out of the trap and the loss is minimal, you should decisively exit the market.
If the purchased variety is in a downward trend, once the downward trend is confirmed, you should stop loss immediately. Do not harbor illusions. Any hesitation and doubt may lead to deep entrapment that is difficult to get out of.
In life, the accumulation of wealth in the early stage requires courage and bravery, and in the middle stage, it requires strategic deployment, and in the later stage, you can enjoy passive income. In trading, the accumulation of profits in the early stage requires extreme belief, and in the middle stage, it requires trial and error, and in the later stage, you can develop a keen insight. Always remember, whether it's traditional business investment or financial instrument trading, when luck makes your wealth level rise a few steps, the most important thing is not to gamble on how many more steps you can take, but to preserve the results. Always tie the safety rope of your life well. There will be plenty of opportunities in the future. Steadying your pace is the key to life's layout.
- I am Jin Yifan [a teacher dedicated to analysis]. Friends who have problems with operations or trends can communicate and learn together!
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