The four most taboo things in cryptocurrency trading! If you choose two of them, you will be a leek!

1️⃣ Heavy positions in unpopular altcoins:

Blindly invest a large amount of money in unpopular and risky altcoins, hoping that they can make you rich overnight. However, these currencies often lack a stable foundation and liquidity, and once the market fluctuates, the losses will be difficult to recover.

2️⃣ Adding positions when losing money:

Continuously adding positions when losing money, hoping to recover losses by increasing positions, but often falling into a vicious cycle of losing more and more. This is a common mistake made by many investors and an important reason for capital losses.

3️⃣ Technical indicators:

Over-reliance on technical indicators for trading decisions ignores the fundamentals and actual trends of the market. Although technical indicators can provide a certain reference, they are not omnipotent. Excessive superstition may cause investors to miss real investment opportunities.

4️⃣ Frequent trading:

Frequent trading, pursuing short-term profits, and ignoring long-term investment value and strategies. Frequent trading not only increases transaction costs, but may also affect investors' mentality and judgment, ultimately leading to investment failure.