• Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6
• Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!
• Which Crypto Will Explode in the 2024-2025 Bull Run?
• Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!
• Will Bitcoin Crash or Soar Past $105K in 2024?
• The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!
• Cosmos Developer Interchain Foundation Sold 3000 ETH Today
• Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
• Inflation Warning By Vanguard Amid Tariffs And Labor Issues
• Clanker Token Trading Volume Hits $59.8 Million High On November 21
Experienced trader explains when is the best time to get out of the market
September 17, 2021 - Around 2 mins mins to read
2021 is a wild move for the crypto markets as Bitcoin shocks its opponents by hitting a new record high of $ 64,863 and making the DeFi and NFT sectors headlines around the world.
At times like these, crypto traders need to be on their guard as the notoriously volatile nature of the crypto market can result in huge fortunes being wiped out in hours or days.
According to Charlie Burton, veteran trader and co-founder of Ezeetrader, it is important at this point that every trader has a set of rules that they must follow when emotions heat up because “we are all fallible people. Beings, especially in front of the markets. “
Burton said
“We are naturally influenced by greed or fear of one tendency or another. So we really need a few simple rules, but I’d also say a lot of visualization is fine. “
These rules can include things like the loss at which an investor will place a stop loss order, the maximum percentage of a portfolio that one will allow a trade to execute, and the placement of a sell order.
Burton said
“It’s important to talk to yourself a lot. ‘If I took this trade now and it didn’t work out, would I be mad at myself?’ This is a great line that is keeping me from jumping into jobs that I shouldn’t be in. “