Top Advice in the Crypto Market
We offer some life-saving advice to investors who have been thinking about the declines and losses in the crypto markets in recent days.
Crypto markets have always been more dynamic and volatile than traditional markets. For this reason, while uncontrolled investments sometimes provide gains, they often cause serious losses.
After the downtrend in the last few days, we will have some small but effective advice so that non-professional investors, who are giving investment guidance with sensations or phenomenal crypto analysts, do not brood over what to do or what to do.
Don’t Panic Sell Your Assets If You’re in Loss
No one likes to hurt, we know. Even if there is no material loss, the damage to the dreams and plans that are set up spiritually affects people psychologically, and this situation increases even more in financial gains. However, the solution to this situation is not to sell all the assets immediately and immediately.
If you are at a loss and you can wait, wait. Because the rise and fall of the market is not just about technical analysis, and a development that can happen at any moment can activate the market. Therefore, panic situations always lead to loss.
Don’t Forget To Use Stop Limit
There is very little in the crypto markets who do not know what the stop limit is. To summarize, the stop limit is the buy and sell orders placed even when you are not at the beginning of the market. You can protect yourself and your investments from a fall that will occur after 1 day or a few hours, especially with the stop limit, which is widely used to prevent loss situations.
People who do not know the stop limit must learn and apply the stop limit. Of course, stop limit logic should be one of the most basic operations you need to know, as it is necessary to put it at reasonable levels when putting a stop limit.
Although it is recommended to use a stop limit, sometimes the stop limit is also an insufficient measure. Because although the stock markets provide notification when stop limit transactions are completed or applied, sometimes these notifications come with a delay, sometimes they do not come at all. Warnings will be the savior of these situations.
With the Alerts feature, you will receive notifications when a crypto asset you want to follow falls below or exceeds a level. You can decide what to do with these notifications.
Follow the News, Don’t Stay Away
Markets are not all about technical analysis. As the biggest example, we have seen and experienced together how a person like Elon Musk has affected the market in the near future.
Follow the news as much as you can on social media, especially Twitter and trusted crypto news sources. Even a news you catch can provide an opportunity to protect your investments or turn them into profits.
Don’t Trust Phenomenons Too Much
Of course, there are crypto analysis phenomena that do their job really well, but the number of these phenomena is quite small. Most of the more prominent influencers on Twitter present information they obtain from foreign sources or data obtained from well-done analysts. This is the most dangerous redirect tool.
If you are going to follow a phenomenon or analyst, be sure to check out his past posts and comments about him. Researching never hurt anyone, so research as much as you can. If you catch the slightest snag or question mark, it would be wiser to stay away.
In addition, remember that in today’s conditions, getting followers, likes, fake comments or interactions on a social media account is incredibly easy after paying for it. Even in very negative situations, if an analyst or phenomenon continues to receive praise, there is a problem.
If You Are Uneducated You Will Always Need Others
Just as an illiterate person is dependent on someone else to read a letter or reply to a letter, at the expense of revealing his/her most confidentiality, if you do not know technical analysis, you will leave your most private investments in the lap of others.
To become a trader it is important to know the indicators, signals and indicators. Of course, technical analysis alone is not enough, but without technical analysis, you have to believe everything you hear or you are stuck between different opinions and analysis.
All Courses Are Not Real Course
Search for proven trainings and improve yourself with these trainings at every opportunity. Since there is no rule that every education is good, research the education you will receive from those who have received it beforehand, from the internet and social media. Pay particular attention to comments from people who have REALLY taken the training before.
With a wrong education, if you do not have previous knowledge and experience, you will have learned everything wrong from the very beginning. The choice of education is very important as it will be at least twice as difficult to learn the right one as a result of a wrong foundation.
Think Well While Getting Free Courses
We know that many people who want to receive training avoid paying financially for these trainings, or they cannot find the opportunity. If you have no other choice, of course, you can take and evaluate these trainings, but question every detail you learn.
It is difficult to find free education as a whole on the Internet, but it is not difficult to learn from right or wrong by questioning every detail in the education. For example, if you learned the Bowl Handle Formation in a training, search it on Google and find out if the same things are explained in the results related to the subject or if different things are mentioned. Maybe you can’t decide on the correct one, but at least you realize that that information is not 100% correct.
Don’t Fall for The Referral Trap in Free Tutorials
Some analysts or phenomena that promise free training and free analysis require you to become a member of the stock market or a platform via a link. As a reason, they say that they either get support from that exchange or platform or that it is the best; STAY AWAY!
The training and analysis offered may or may not be of good quality, no one knows, but if there is a registration requirement for a stock exchange or platform in return for free promises, there is a commission. In other words, while you are trying to evaluate your investments with the education and money you have received in the future, you earn commissions from every purchase and sale transaction in the background.
Everyone in the crypto markets, of course, shares reference links to strengthen the reference system, which is not excluded. But nothing is more dishonest than free training, free analytics, free cryptocurrency and token tips just to boost the referral count.
However, if you want to take advantage of these opportunities, fulfill the condition imposed on you with a fake account and do not use that account again after taking the information you will receive. It is debatable how useful the free education and information you will receive will be, but at least by fulfilling the condition, you will prevent future gains from you.
We will update this article as we have the opportunity and need to add something new. You can also share with your comments what you want to add or what you want to ask.