Navigating the Financial Meltdown: Buying the Dip

The recent financial meltdown triggered by the Bank of Japan's Yen rate hike has sent shockwaves across markets, from Bursa and CME to the Crypto Market. As prices tumbled, panic selling became the norm, further driving down valuations. But as I've consistently emphasized in my moomoo column, these moments of fear often present the best opportunities to scoop up undervalued assets,whether stocks or coins.
While many traders scrambled to liquidate their positions, I took the chance to accumulate some solid assets: MNT, TON, SUI, BTC, and ETH. Interestingly, despite the market's recovery, only ETH has yet to make a significant comeback. I've delved into the reasons behind ETH's underperformance in my recent blog post, which you can read here: Why ETH Is Lagging Behind
Today's topic is "Buying the Dip." When the majority is selling in panic, that's when you buy. It may sound counter intuitive perhaps even crazy but only if you lack confidence in the asset's fundamental value. And remember, it's not about going all in; it's about strategically adding to your position, especially if prices dip further.
To illustrate, I've shared two images of my recent trades where I closed positions in under three days for over 50% gains. MNT and BTC have been profitable, and I believe there's still room for these coins to climb, so I'm holding on for now. ETH, on the other hand, is hovering around the breakeven point. But the beauty of crypto is that you can stake and earn while waiting for your target price.
The same principle applies to Bursa stocks, where we’ve seen gains of at least 10-20% post-meltdown. To be honest, it’s been a pretty nice gain for me. Moments like these allow us to capture profits that would typically take a year to achieve under normal market conditions.
So, while the market is in turmoil, remember: there's always a silver lining for those who can keep their cool and stick to their strategy. Happy trading, and may your dips turn into gains!