04-18-2021, 07:43 PM
To recover a 20% loss, we require 25% gain in price. Please never forget this, espec
<!-- SC_OFF --><div class="md"><p>This post is for all the new comers, beginners, freshers to the trading or crypto world. Hope it helps some of us.</p> <p>For example if you buy a coin at 100 dollars and the price dips by 20% to 80 dollars, to recover losses you need to gain 20 dollars. Gaining 20 dollars from 80, we require 25% price rise. Please take this into consideration forever</p> <p>What we shall do to minimise losses:</p> <ol> <li><p>Dollar Cost Averaging: It is always advised to buy in parts and average out your investment price.</p></li> <li><p>Buy on Dips: Always buy on dips and possibly try to double your portfolio on each dip like this to average your buy price. </p></li> </ol> <p>For example, if you have 600 worth of USD to invest in total</p> <p>Buy 50 first, then next 50 on a 5% dip, then 100 on next 5% dip, then 200 on next 5% dip, then 400 on next 5% dip, ( you can change percentage according to the coin you are investing, as each coin has varying volatility ) </p> <p>Such a strategy (just an example) can be adopted which can help you recover your losses way quicker than others as you would directly be averaging from your just previous investment.</p> <p>Regards</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/harry12307"> /u/harry12307 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mtbyyw/to_recover_a_20_loss_we_require_25_gain_in_price/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mtbyyw/to_recover_a_20_loss_we_require_25_gain_in_price/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>This post is for all the new comers, beginners, freshers to the trading or crypto world. Hope it helps some of us.</p> <p>For example if you buy a coin at 100 dollars and the price dips by 20% to 80 dollars, to recover losses you need to gain 20 dollars. Gaining 20 dollars from 80, we require 25% price rise. Please take this into consideration forever</p> <p>What we shall do to minimise losses:</p> <ol> <li><p>Dollar Cost Averaging: It is always advised to buy in parts and average out your investment price.</p></li> <li><p>Buy on Dips: Always buy on dips and possibly try to double your portfolio on each dip like this to average your buy price. </p></li> </ol> <p>For example, if you have 600 worth of USD to invest in total</p> <p>Buy 50 first, then next 50 on a 5% dip, then 100 on next 5% dip, then 200 on next 5% dip, then 400 on next 5% dip, ( you can change percentage according to the coin you are investing, as each coin has varying volatility ) </p> <p>Such a strategy (just an example) can be adopted which can help you recover your losses way quicker than others as you would directly be averaging from your just previous investment.</p> <p>Regards</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/harry12307"> /u/harry12307 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mtbyyw/to_recover_a_20_loss_we_require_25_gain_in_price/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mtbyyw/to_recover_a_20_loss_we_require_25_gain_in_price/">[comments]</a></span>Kind Regards R