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Author Topic: Safe practices to adhere to in the bull run  (Read 949 times)

Offline jeraldskie11

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Re: Safe practices to adhere to in the bull run
« Reply #30 on: May 05, 2024, 07:31:25 PM »
My advice is just be patient. Even though we are in the bullish trend in a higher time frame, there is always a retracement. So if for you we are bullish, we should expect for a downward movement to occur. Sometimes this movement can make you hesitant, so we have to bear in mind that don't sell your asset if this happened because it's normal. And if you have more funds, add more investment. Following these ways can maximize your profit.

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Re: Safe practices to adhere to in the bull run
« Reply #30 on: May 05, 2024, 07:31:25 PM »

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Offline Gurujebs

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Re: Safe practices to adhere to in the bull run
« Reply #31 on: May 05, 2024, 07:41:09 PM »
My advice is just be patient. Even though we are in the bullish trend in a higher time frame, there is always a retracement. So if for you we are bullish, we should expect for a downward movement to occur. Sometimes this movement can make you hesitant, so we have to bear in mind that don't sell your asset if this happened because it's normal. And if you have more funds, add more investment. Following these ways can maximize your profit.

People should also learn to differentiate between retracement and when others are selling. There is no point of holding coins from beginning of bull run, have something significant as profit and then didn't sell because you are looking for a particular price. It's better to sell if retracement becomes a constant drop in the price continuesly and by the way, there is nothing bad if you sell your coin if you are in profits, unless you are holding for years.
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Offline taufik123

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Re: Safe practices to adhere to in the bull run
« Reply #32 on: May 05, 2024, 08:27:10 PM »
My advice is just be patient. Even though we are in the bullish trend in a higher time frame, there is always a retracement. So if for you we are bullish, we should expect for a downward movement to occur. Sometimes this movement can make you hesitant, so we have to bear in mind that don't sell your asset if this happened because it's normal. And if you have more funds, add more investment. Following these ways can maximize your profit.
There are many ways to be able to maximize profits, one of which is by preparing some reserve funds that will indeed be used to make repurchases.
This needs good fund management and how to implement the strategy so that it can work properly.

People who are hesitant about the movement that continues to fall are certainly afraid when the price will not come back again.
But as long as you still have spare funds, you only need to rebuy and wait for the price to rise again, it will give greater profits.

Offline Dr.Bitcoin_Strange

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Re: Safe practices to adhere to in the bull run
« Reply #33 on: May 05, 2024, 08:46:22 PM »
My advice is just be patient. Even though we are in the bullish trend in a higher time frame, there is always a retracement. So if for you we are bullish, we should expect for a downward movement to occur. Sometimes this movement can make you hesitant, so we have to bear in mind that don't sell your asset if this happened because it's normal. And if you have more funds, add more investment. Following these ways can maximize your profit.

People should also learn to differentiate between retracement and when others are selling. There is no point of holding coins from beginning of bull run, have something significant as profit and then didn't sell because you are looking for a particular price. It's better to sell if retracement becomes a constant drop in the price continuesly and by the way, there is nothing bad if you sell your coin if you are in profits, unless you are holding for years.
What you said is actually correct, taking your profile and rebalancing your portfolio when you notice an unusual decline in the market is actually a reasonable approach to avoid losses, but it's not always the best approach in moments like that, investment is not always about taking profits.
Except of course you don't believe in the coin's long-term potential, but if it's a token that has potential for further growth then selling when there's a decline in price is definitely a very wrong approach.

 

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