Why do ordinary people always lose money in the cryptocurrency world? How should we seize the current bull market?
I wonder if you have noticed that among your friends in the cryptocurrency world, very few really make money. Out of ten people, maybe one has a slight profit, while the other nine are likely to be overall in a loss.
Many people, even after being in the cryptocurrency space for many years, whether entering in 2017, 2019, or 2021, should theoretically have a lot of experience. They have gone through many market cycles, yet they always feel frustrated, perhaps they have never experienced the feeling of making a profit and withdrawing money. They are always on the road to recover their losses, which is a common issue I have found in conversations with many people.
I also ask why this happens. What could be the reasons? There are many answers, such as:
1. I bought at a high price. I saw that the price had risen well a few days ago, but who knew that as soon as I entered, it retraced;
2. I sold too early. I got stuck after entering, so I sold, and as soon as I sold, the price went up;
3. I saw the market dropping again and thought it would crash, so I cut my losses and exited;
4. I always have bad luck, just missed it;
5. I don’t know how to set stop-loss orders and held onto my position;
6. I started with small gains but couldn’t recognize the market trend. When the market started to drop, in order to lower my average cost, I kept adding to my position until I ended up at the bottom and couldn’t take it anymore, so I cut my losses.
There are many reasons for losing money, but have you noticed a fatal problem? The vast majority of people who lose money lack one crucial thing: a trading system. Many people see trading as chasing prices, buying high and selling low without any systematic thinking, which reflects a linear thought process rather than a systematic approach.
If you don’t have your own trading system, lack skills, and have no proper mindset, then your execution must be strong, just like the follower below.
In mid-November, I advised him to position himself for a long-term investment in XRP, entering around 0.8. The current highest price is around 2.91, achieving a 256% gain. This has directly multiplied his position by 7-8 times.
For friends who are confused about trading now, comment '111' to help you get rich.
#BNB创历史新高 #小非农数据即将公布 #下一个换谁涨? $XRP
$TRX $CVX