Serious short-term thinking

In fact, we should look further ahead, focusing on long-term investment and supplemented by medium- and short-term investment.

Chasing ups and downs

When everyone is discussing a certain coin, follow the trend and buy it. After buying, you are stuck. When you lose 10% or 20%, you are reluctant to sell your money and continue to hold it to wait for the release. When the loss reaches 50%, 60% or even 70%, you will reluctantly sell your money.

Lack of cognition

Today, I heard a big V say that this coin is good, and tomorrow I heard a rumor that that coin will rise, so I bought it. This kind of investment method without careful consideration will inevitably lose money.

Impulsiveness

Many people enter the market with the mentality of getting rich overnight, but they are not prepared for the possibility of zero. Once a loss occurs, they start to find various reasons, complaining that the project party does not manage the market value, blaming the dealer for the market crash, and blaming the big V for inaccurate predictions.

Not learning

Learning is eternal wealth. Only by continuous learning can we avoid being cut by the market.

Lack of sound investment philosophy

Before investing, you need to make a detailed investment plan, such as: which currencies to buy? When should you buy? How should you allocate your positions? If you make a loss after buying, should you stop loss or cover your position? After making a profit, should you reduce your position in batches or continue to hold? Only by summarizing a set of investment strategies that suit you can you cope with various situations, maintain a good mentality, and avoid making wrong decisions due to emotions.