In the past few days, I have also experienced retracement. Sometimes it is more difficult for retail investors to make money than in a bear market. It is said that it is because of all kinds of anxiety. Whether it is a shortfall, a contract, a sharp retracement, etc., these are the most inevitable things in human nature. One link: when others are fleeing the top, you are not fleeing. When others are rushing to make huge profits, the media reports which wallet has become rich again. When others are cheating, you are still in a daze. You will only be anxious and impulsive, and then make random decisions. , want to make money quickly and then continue to lose, and get off before the mentality explodes in the bull market.
It should be done but not done: the biggest failure is patience, don't predict the market, improve valuation capabilities, if iotx, pyth, AR, wld, ondo, Ron, Lpt, which of the major long-term targets 2 months ago did not make money ? It’s only been 2 months and it’s already doubled... As a result, I switched positions and chased hot spots like crazy, and I lost myself. I need to be more patient and don’t do too many unnecessary operations. Look at the Binance exchange, which has thousands of operations throughout the month, but the positions are not. If you don't make any progress, it means that you are not a professional trader. You are just a professional in the currency circle. Confirming the target to buy a suitable position and waiting patiently is what you should do.
The second misfortune is acuity and cognition. The hot bome catches up to about half, and I dare not take a position. If I miss it, I still lack cognition. I see the news but don’t pay attention. The cognition is not in place. You must know the wealth creation effect of the currency circle. It is very likely to appear in the issuance of new assets or new gameplay, and it must be easy to spread. When these conditions are met, you should pay attention to it immediately. Unfortunately, if you are not keen and aware, you will chase after it foolishly and only get soup. This should be done The most important thing is to have full market acumen, carefully review the reasons for the outbreak, and understand the narrative to gain the greatest value.
If we could go back in time, we should do it
1. Hot spots can be pursued, but position allocation should be done well. Instead of changing positions frequently, the long-term target is to hold it well. Adjust the position with profit when the price rises. Keep U in hand before rushing.
2. It’s not that the band is bad, it’s that you understand your own capabilities and don’t do things beyond your capabilities, including contracts, bargain hunting, and top escapes.
3. Pay special attention to the issuance of new assets or the emergence of new gameplay, especially if the pool is large, the narrative is large, easy to get started, easy to spread, and particularly easy to explode. Don’t ignore any news and constantly improve your ability to identify information.
