Is the situation of retail investors also a portrayal of you?
When the market rises by 10%, you are ecstatic and eager to cash in your profits, fearing that you will miss the opportunity!
But once it falls by 1%, you feel like you are facing a great enemy, worried, and afraid that your investment will go down the drain.
This is exactly the portrayal of many contemporary cryptocurrency players. We are always thinking about when we can double our wealth.
What an exciting moment it would be to dream of meeting a currency that grows a hundred or a thousand times.
However, what is the most critical factor for retail investors?
Choose a popular currency? No!
Patiently wait for market opportunities? Not necessarily.
In fact, the principal! The principal! The principal! Is what retail investors value most. For retail investors, time may not be as valuable as imagined, but it is crucial to keep the principal and ensure that they always have the opportunity to participate in the market.
Many people often lament that they missed the surge in a certain currency and feel that they have earned less. But this investment mentality is often immature.
Even if you miss some opportunities, don't blindly chase high prices, otherwise you will easily fall into the dilemma of being stuck at a high position and turn profit into loss. Being able to seize part of the profit is already a success.
Different currencies have different performances, some rise first and some rise later. There are always opportunities. The key is to stay calm and don't always expect to make a move at the highest point. Because near the highest point, there are often huge risks. Only those who know how to retreat at the right time are truly wise.
At the same time, don't overly fantasize that a certain currency can bring hundreds or thousands of times of returns. This low-probability event is not suitable for most retail investors. While pursuing high returns, you must also consider your risk tolerance and investment strategy.
In short, as a retail investor, you must always keep a clear mind and a calm mind in the currency circle. Pursue a stable return on investment on the premise of preserving the principal.
