How to never make a loss in spot Trading
How to never make a loss in spot Trading?
In the past few days there was a Massive dip in which BTC fell Drastically from $ 52,000 to $42000 .One of the major reasons for this change is that BTC Total market cap is 30 to 40 times smaller than Stock market .In small markets there is manipulation due to whales .
Three strategies a trader must use to win
1.Emotions: Traders have to control their emotions and make it clear in their mind that there is no loss in spot trading.Traders just have to HOLD for the right time and not to sell when the market is going down.
2.Invest Only what you can hold : Invest money which you don't need for your daily expenses.It should be that money you invest for months and it does not affect your daily life expenses
3.Dollar-Cost Averaging: is a strategy where an investor invests a total sum of money in small increments over time instead of all at once. The goal is to take advantage of market downturns without risking too much capital at any given time.DCA is designed to help offset any negative effect on an investment caused by short-term market volatility. If the price of an asset drops during the time you are dollar-cost averaging, then you stand to make a profit if the price moves back up. If you’re not a professional market watcher, DCA can save you the effort of trying to time the market to get the best stock prices.