How you trade in uncertain times?
How you trade in uncertain times?
We all know how volatile the market is right now especially since we are still near the all-time high. With sudden price swings and unpredictable trends, traders need to be ready with some strategies.
So, what strategies can you advise especially in protecting our capital, some technical analysis strategies? OR some diversification tactics between stablecoins, bitcoin, or altcoins?
I usually have a FOMO in time like this which I don’t care whether the price will go down since the amount is just enough to makes me satisfy and to avoid being left out when pump comes.
Traders’ range is usually narrow in a day or 10 days at most, so fluctuations in such a period are limited, unlike investors who are looking for a wider range. Therefore, traders are not looking for solutions to protect their investments, but rather how to take advantage of fluctuations to increase the liquidity available to them.
Everybody has a trading different strategy because everybody is in a different situation. So, I might be using a conservative strategy that aims at wealth preservation but it is because I have a big portfolio which I can’t risk on one asset. If you have a smaller portfolio, you might want to go all-in on one asset and hope to get lucky. People do that and grow their portfolios all the time. Then they diversify their portfolios into other assets and asset groups.