Im working long hours everyday and dont have the time to study technical analysis..so what I did is I bought coins during bearish time .but when I check them back the value goes even dipper..what should be the best thing to do..apply a cutloss strategy or just leave them until the market goes bearish again?
actually the decision is full in your hands because it is something that will affect your money, but here I will only say if I become you I will hold it until the price is right again or until I have no loss.
To avoid the frustrations due to market volatility and unexpected news, becoming a long term trader is the only viable solution. I learned this from my own experience. We all invest and trade with cryptos by accepting the risks involved with that. We must understand that life in itself is encompassed with a lot of risk and risk takers are usually the ones that always end up coming out on top most of the time which is one of the reasons why we have few rich people in the world.
As long as you can equip yourself with good knowledge of the risky environment you want to set yourself into, it would become easy to take risk and be able to thrive well in such environments without flopping badly. Taking risk is a pretty good thing if you can handle it.
