Understanding Chasing Losses in Crypto: Strategies to Avoid the Downward Spiral
![A tense trader examines cryptocurrency charts, illustrating the consequence of chasing losses.](https://www.tradingarmour.com/wp-content/uploads/2024/02/AAPL_2024-02-09_12-25-24-1024x482.png)
In the volatile world of cryptocurrency trading, the rise and fall of asset prices can happen in the blink of an eye. A common pitfall that traders often stumble into is the act of ‘chasing losses.’ This psychological trap occurs when traders, facing a financial loss, jump back into the market, making more, often riskier […]