Sometimes you will understand that what really affects you is not the price, but your mentality. The biggest risk in the cryptocurrency world is that you don’t know what to do. The biggest enemy is not others, but ourselves. The mentality determines the outcome.
I think our mindsets are more than just a few. As long as we know ourselves and have a correct mindset, we can solve many problems.
1. Never give up: Knowing there is a tiger on the mountain, you still go there. Do it once, make a mistake once. The more mistakes you make, the more you do it, and the more mistakes you make, the more mistakes you make. Then, you find that the ZJ in your account is getting less and less, and your mentality collapses. In the currency circle, investors who don't give up are not worthy of pity. In that case, you are the representative of repeated failures. Giving up is for better profits.
2. Contrarian type: This type of investor believes that: I have my own independent thinking ability, and my thinking direction is different from others. I like to go against the trend and think I am very smart, but the result is that I am too smart for my own good.
3. Lucky veterans: These traders have been in the market for many years and have never suffered a big loss. They will say, "I know the cryptocurrency world best." They will not listen to other people's opinions.
4. Greedy: Every time you increase your position, you still end up losing money.
5. Immersed in the past: Investors are always immersed in the pain of past gains and losses during the trading process. Most traders will bring this emotion into the above operations, not to mention the results.