Whether you are a novice or an old hand, have you also encountered these problems? The following is a summary of the seven major reasons for losses in the cryptocurrency circle:
1. Lack of investment knowledge: Insufficient understanding of investment knowledge and tools, easy to make wrong judgments.
2. Emotional trading: Affected by emotions during the transaction process, it is easy to make impulsive decisions.
3. Lack of risk management: Weak risk management awareness, no stop loss point or investment diversification.
4. Blindly follow the trend: Affected by market hotspots and others' hype, lack of independent judgment, leading to high-level takeover.
5. Short-sighted investment: Only focusing on immediate interests, eager to make quick profits, ignoring long-term investment value, frequent transactions increase costs, and miss stable returns.
6. Ambiguous investment strategy: There is no clear investment strategy and goal, blind operation, easy to be swayed by market sentiment, leading to confusion and losses.
7. Lack of trading discipline: Failure to adhere to the trading plan, arbitrary modification, and ultimately leading to losses.
