How to escape loss as an altcoin trader

[Kasabus]

It is important that we should learn how to take a profit and not just putting it back in any other coin at all times. I agree with OP on this, we can convert our profit to stable coin instead of putting it in bitcoin which can also dip at any time.

Yes. It's more safe to take our profits once our trading has reached a good point and then convert some of it into stable coins and keep those other profits for future use. Most of us here once we make profits, we tend to buy bitcoin even if its not at its low price and ended up lose our funds because the price suddenly goes down due to its high volatility. Patience is the best virtue in trading but not all of us here are being convinced with it.

[1714942818]

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[1714942818]

1714942818

[InwardContour]

This is the great work of doing to escape losses, but it is the same as an investment via fiat. Alos to what point we can wait to enter is the crucial decision. Let us say you enter and again it goes downside, you will still incur losses.

Obviously there is no sure way to avoid loss 100% in trading, even if one holds stable coins like USDT waiting for dump, you might buy the dip and it goes down more, nice point here. And also, to actualize the strategy suggested by OP, one needs a lot of patience and funds too. You can't keep 50% of your funds in USDT if  you don't trade with big funds.

[carriebee]

The issue about converting profits to fiat or stablecoin is because you loose out of the pumps. We always want to keep profiting out of the market and this is one of the reasons why we end up loosing everything. My advice is to always take some profit and convert to fiat. Holding fiat is much safer than cryptocurrency on an exchange, as we all know, anything can happen.

When you do trading the very important thing is taking profit out of your effort on buying and selling of your coins. That's true when coin is pumping others do the buying that really may encounter of losing some. When the price of a certain coin is already in profit you have to be wise by converting to much stable coins this way it could minimize the risks.

[chanc3r]

This is the great work of doing to escape losses, but it is the same as an investment via fiat. Alos to what point we can wait to enter is the crucial decision. Let us say you enter and again it goes downside, you will still incur losses.

Let's say you will be using it as a way to secure your money until the market will get rekt for the second time and you will get the more chance to invest in the next bearish trend. That means it's not always the same to invest in fiat as fiat can't be considered as an investment too.