The current situation of retail investors is not just about you, but also includes many other investors.
When the price rises by 10%, it feels like it has reached the peak, and you choose to sell it excitedly!
Once it falls by 1%, it feels like you are facing a desperate situation, feeling panic and anxiety, and wanting to sell it in a hurry to stop the loss!
This is indeed a portrayal of contemporary cryptocurrency traders, who are always looking forward to when they can truly achieve a big explosion of wealth.
For the legendary 100x or 1,000x coins, if you can meet them, you will naturally be ecstatic. But before that, we really need to understand what is the most important thing for retail investors.
Did you choose the right coin? Although it is important, it is not the first priority.
Time? Although it takes time to accumulate, it is not decisive.
The most important thing is capital! Capital! Capital! Retail investors may not have as much time as big funds, but our capital is the only support. At any time, you must ensure that you still have capital in the market, which is the cornerstone of investment.
Many people often lament that a certain coin has not been held to the highest point and feel that they have earned less. But this investment mentality is actually not healthy. What's important is that we have made money. How much or how little we make is our own cognition and choice. At least, we have avoided possible floating losses, which is more important than anything else.
Sometimes, some coins may rise first, and some may rise later. There are always opportunities, so there is no need to rush. Don't always expect to make a move at the highest point, because there are often huge risks hidden there. Being able to withdraw in time before the risk comes is the real wisdom.
Similarly, don't always fantasize about achieving a thousand or ten thousand times of profit through a certain coin. Although this idea of getting rich overnight is tempting, it is more of an unrealistic fantasy. While pursuing high returns, we need to ask ourselves: Can I really hold it? It is really difficult for a person who often does short-term trading to remain calm and firm during a long wait.
Therefore, for retail investors, the most important thing is to remain rational and calm. Don't blindly pursue high returns and ignore the existence of risks. It is only a truly wise move to invest on the premise of ensuring that you can bear the risks.
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