Hello guys, I hope you had a good week...
Let's talk about a possible situation in the money and crypto markets, "reverse". It can be explained as a situation related to price formation behind the date you invested, but I don't think this applies to the investor. Because this situation is not very effective for the investor. The investor thinks long term and therefore does not get stuck in the details of history. The date factor, again, is not important as the trader is likely to make more than one trade on the same date.
Anything that the investor holds below the purchase price is not a loss. This can be explained as the loss of value of the invested vehicle. The transformation of this loss into profit depends on the developments in the field of investment. For example, those who invest in projects in the field of health may have made great profits during the pandemic period. The important thing here is to do detailed research to make the right investment.
For the trader, the situation is somewhat different. Here the trader has to devote most of his time to trading. I know there are people who stay inside in a moment of emptiness. I witnessed a friend open a transaction and leave it open to answer a phone call from his family. As a result, he stayed inside for a long time. Exiting an open trade is a risk because stop loss on a trade is often not considered and may take some time to return.
You are not an investor and do not have enough time to trade, what should you do? There are many options for crypto but I think if you have little money the best option would be to use a trading bot, but while doing this I recommend you research all the details of using a bot. The bot hasn't been trading for a long time as I faced a big drop when I opened a trade last time. Since I did not set a price trigger range, I stayed inside, this was an experience for me of course, but of course I have a loss.
The most important point is to always have knowledge. Improve yourself both in the market and its psychology. Damage can be compensated, health can never be compensated. I wish you a healthy and prosperous week...
The original of the article was shared on the KUCOIN S platform...
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https://www.kucoin.com/kucoins/bbs/post/2618
