Always have an exit strategy

[carlisle1]

Depends on someones preference because trader could neither go for long term or short term but we couldnt avoid the fact that you could easily get 2x in short time if you do make out short trades.
The thing here is that it would really be hard and nothing simple thats why we do really commit out mistakes which is normal to take thats why it would really be depending on your own
preference and since not all would be having the same skills and knowledge thats why profitability will really vary on how someone would really engage out thats why
outcomes would be totally different.

The deeper you understand the market, the better chances of surviving and succeeding you may gain, either long or short

trading participation you'll be into. The matter here is on how will you adapt and adjust to each situation that you will be

facing inside the market. It's true that you can earn double from your initial investment using short-term trade, but it's also

true that you can lose everything in a short span of time if you mistakenly invest. Exit plan is very important. It's your drive way

to avoid losing a huge amount of money when the market is not favoring your chosen asset.

[rodskee]

Moreover, the condition of newcomers who do not have experience in carrying out investments, if panic cannot be controlled, then they will definitely take the wrong steps, as a result of which loss is something that will definitely happen, therefore, be careful in managing investments, both newcomers new or old.

panicking isn't part of exit strategy mate instead that is a stupid strategy if they think this as one , We knew that exiting must be on target and not just something you will act when the market starts to drop without any knowledge why.

So yes Exit strategy is best for everyone and panicking is not a real act, those people i knew about being panicked mostly losses everything .

But coin and put how much is your target profit and put how much is the losses you can take.