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So, this is just a really simpel tip. The best one i can give and what i do everytime the market is down.
The best way to make money is to not lose what you have! It's simpel as that!
We all look at our portfolio in net. worth in dollar, euro, yen or whatever. But did you know that if you DONT SELL when the market is down, you actually lose nothing?
It also helps to keep the price up. People who are panic selling, trying not to lose any more money or wanting to buy back later when it is cheaper, never works out. They would have lost so much money allready that buyin in lower never makes up for what they have lost!
So just sit tight. Wait till the market picks up and ONLY SELL when you are UP! thats the only way to make real money.
Markets allways pick up and predicting where prices goes in hours /days olmost never works out...
Remember that the market between 2015 en march 2017 was consistantly low! So it might take up to 2 years! But your stocks will rise. Greatly!
So the best tip is to just HODL! until the price is 10 maybe even 50 times for what you bought it.
People who were selling bitcoin when it was 300 dollar missed out on becoming a millionair if they had just waited a few more months.. keep that in mind the next time you panic sell.
And allways rememeber, if you lose something, someone else will profit from you! dont give them that chance en HODL!
Win when the market is up, win when the market is neutral, win when the market is down. You win when the market is down by being in a position to buy more.
jup. but the problem is, you never know when it hits rock bottom! Just look at DGB! if was going to the moon! Now it keeps dropping and dropping even when you think it cant go any lower... My greatest loss is in DGB and i actually bought before it hit its peak! :S
I did try to rebuy some DGB at 850, but this downtrend seems unstoppable. DGB is my biggest lost too so i feel the pain ;)