what you should do crisis time in trading ?

[007 SHIELD 007]

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

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[nguyenkhanhhung14]

In crisis time, the most important thing that everyone need to do is keep their emotion as usual . At that time, a lot of people often feel nervous that why that made a lot of wrong decisions and lost so much money. Beside controlling emotion, if they don't think that they're good enough to earn money at crisis time I think holding is the best option

[setifien19]

This should be integrated into the investment plan before taking any step .
Anyway, crisis time is really an awkward situation where most traders lose control over "what should be done immediately " .
For me , I think the most important thing to do is to control the nerves , then try to do a full study of the market, then take the decision whether to continue investing or to recede

[erre]

Hold.

This is the only reasonable thing to do during this storm. It will not end soon.


Hodl tight, my friend

[~Bitcoin~]

- If you are bad at analyzing market during huge swings better stop trading and keep holding  coins that you have.
- If you know how to make profits than big swings are opportunity to make some quick bucks.
- Most of the time when dump starts people get panic and start selling way below the button and can't get back before another surge, so its better to not follow the trend when it is too late.

[Fatunad]

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

You cant get out when you face this in very first time but later on your experience would tell you something which actions should be made on once you experience or face it again.This is the best teacher which yourself realization would be the one who will decide on what action should be done.Most of us when we are still newbie would commit mistakes which is normal.Handling crisis would never be easy.

[OuterTech]

Nothing better than holding at that time. LOL. Crisis time is the worst time to trade if you don't have enough knowledge and experience in trading but with other professional traders, it's the best time for them to collect good coin with lower price than usual. I'm also holding all my crypto and wait until the end of this year when the whole market painted in green and everycoin also rise to new ATH price.

[Tactical Genius]

Have faith,avoid peeping at your portfolio every second,understand that such times are inevitable and so are part of business or investments. Try to stay focused on what you like doing best,read and monitor the news for possible reasons why markets are down and I'm sure you will be fine.

[BlackPanda]

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

I always have a budget to do something, for example I spend 50% money from my total wealth to do Trading and the rest I use to keep and I keep in BANK. I think it is a safe thing because when we experience losses when trading then we still have a reserve of money. At times like this are many people who constantly spend their money even all the money when they feel Trading can bring profits. Yet not always our decision will succeed, sometimes we experience losses that are beyond prediction. Well because it is a money reserve to be a good thing to provide comfort in financial management. We can not always hope for a good future because there will always be a Trial of life present.

[Sinecoin]

My philosophy when it comes to investing is to only put as much money up as i am conformable loosing so when downtrends like the one were currently in show up i dont feel obligated to sell.  Also, I tend to hold and not sell even if im down a lot because i know if i sell ill regret it a few months later when the prices recover.  When ethereum went from 300 to 132 i was down 50% on my investment and i still held even though it was my first investment.

[Johnyz]

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

You cannot do anything about the market, you must know how to ride it. First set your target price and cut loss price by this you will not be on panic when the market is dumping. Hold when the market dumps so hard, and don't panic because it will be back to normal after weeks.

[Welhell]

In this case you should be calmer and control your emotions. You should think about how you can turn the loss to profit for this situation, at that moment you should choose the right decision.

[Captain Corporate]

 I use gunbot, since it is a "bot" that has no emotions, it just sees these crisis times and goes "wooow cheap coins" and buys, and even if it gets lower it will buy even more to even the avarages.

 Without the "human" element, trading during these times is quite profitable potentially.

[Sinecoin]

 I use gunbot, since it is a "bot" that has no emotions, it just sees these crisis times and goes "wooow cheap coins" and buys, and even if it gets lower it will buy even more to even the avarages.

 Without the "human" element, trading during these times is quite profitable potentially.

Do you only buy during massive drops or do you also have long term investments? also at what point do you do consider coins to be cheap? is it after a big drop from the current market price or is it when its down a certain percent for the month or a specified time period?

[Captain Corporate]

 "I" don't consider anything. I usually play pubg and eat unhealthy food.


 Gunbot however has 36 different strategies where it decides when it is great to buy and when its great to sell depending on the strategy you select. Even if it drops further, it can buy more and more until it recovers it.


 While I sit back and enjoy a cool one.

[apityeh71]

You should management efisienly the times for trading, lets say we can only spend 1 to 2 hours aday so for the better we do long term trading so this trading activity not disturb other job. Keep patient to get better price when buying and selling is key of success in trading.

[faithupgrade]

Before I was too addicted with trading. I thought If I have a BTC, I should always trade it with alts to earn profit. I was wrong. The solution is DO NOT TRADE if Bitcoin chart is not okay. Do not risk your BTC just for the sake of making a trade. Not every trade will give you profit. At the end you will lose a lot. Ok, try it, if you have BTC now, and trade it to alts, expect your profit to collapsed.
Just HOLD. Wait for the right time when alt correction is done so you can buy alts.

I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?

[Swinging Phallus]

My philosophy when it comes to investing is to only put as much money up as i am conformable loosing so when downtrends like the one were currently in show up i dont feel obligated to sell.  Also, I tend to hold and not sell even if im down a lot because i know if i sell ill regret it a few months later when the prices recover.  When ethereum went from 300 to 132 i was down 50% on my investment and i still held even though it was my first investment.

Round of applause to you sir. Exactly my opinion, If you are getting emotional about your investment than you KNOW you made a mistake with the amount you invested. Crypto shouldn't be a savings account, but that's what most people treat it as.

[btcformula]

we can't do nothing except wait & watch. Always keep some fund for this crisis time. Because crisis time is the best time to buy some good coin at lower price.

[MinerHQ]

we can't do nothing except wait & watch. Always keep some fund for this crisis time. Because crisis time is the best time to buy some good coin at lower price.

Yes, that's why experts always say that one shouldn't invest all their money in any single product because if that market goes down then all their money will be stuck. So you need to learn to diversify your funds properly to manage these kinds of situations. I didn't invest all my money in crypto so I can wait for couple years also without any issue but will not sell at a loss any of my coins.