Ask leo : how important is it to take some incisive and calculated risk in the bear market

avatar
(Edited)

HELLO HIVE

The crypto market is a world of risk and those who are taking the leap of making some of this risky moves on the market have been the once benefiting the most from the crypto market, a trader who is afraid of taking risk would find the crypto ecosystem strange to maneuver around.

IMG20220905WA0006.jpg

source

But would it be a good idea to jump into some of this tough battles in the market without making important preparations for it like having a plan B if everything doesn't go as plan.

Everyday the market experiences times where you see different investors complaining about how much a mistake has caused the value of their investment. An example is one experience I had when I was totally new to the hive blockchain when the prices of hive was picking up pace and I should have taken the calculated risk of selling the hive in my wallet in small fractions since I can't really predict how far the green candles on the market where planning to go but instead of using this strategy that looks like the DCA strategy although it looks more in the opposite direction since am not investing but am withdrawing from my wallet, then been inexperienced about how the market works continued to watched until suddenly the market began to crash and that short opportunity in the market was lost.

This sums up how good it is to take risk on the crypto market but as much as I am taking this risk I still have to be incisive and calculated when taking this risk to avoid falling into the traps in the crypto market.

Thank you for viewing my blog

Posted Using LeoFinance Beta



0
0
0.000
2 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 122 of my contest just started...you can now check the winners of the previous week!
!BEER
3

0
0
0.000