Four "fatal traps" for novice investors
For novice investors, there are four things to avoid:
First, excessive preference for high-risk targets: novice investors are often keen on high-risk junk coins and air coins, but fail to turn their attention to relatively stable mainstream coins.
Second, lack of risk awareness: the potential risks of highly valued VC coins are underestimated, and it is easy to follow the trend and invest without thinking.
Third, hasty position building: novice investors are usually eager to increase their positions, thinking that it is difficult to obtain returns without doing so, but often suffer losses due to improper operations.
Fourth, blind bottom-hunting mentality: When the market shows a downward trend, novice investors may blindly add investment in an attempt to make up for the shortfall by turning the market around in a short period of time because they are eager to recover their losses, but this move usually backfires.
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