Re: When crypto spikes, exit the market
by on 02/12/2025, 18:44:18 UTC
Whatever you might be trading, bitcoin or memecoins, when the market spikes take it as a sign to leave not to enter the market. That should be the time where you know you have an edge over other traders because you were able to take advantage of when the market spiked. You were exactly where you were supposed to be. That is before the spike not after it.
Remember, Early birds get the worms.
I keep on telling traders this same thing, most of them slseevit as an opportunity to make money because of how volatile it is and it can give you huge amount in minutes.Remember, Early birds get the worms.
But they do not consider it the other way round. Loosing money is One thing, but loosing it in seconds is more emotionally disastrous.
In a situation where you see Spikes like that not only iin crypto also in forex the best thing to do is just to avoid the market at that particular moment. Trading news also it's a bad idea as well