Don’t be stubborn when trading cryptocurrencies. 99% of people have made these mistakes. Getting rid of these bad habits will ensure you make money!
Obsession is a taboo in cryptocurrency trading. In a sense, it is a kind of morbid firmness and belief. Blind optimism will affect emotions and interfere with judgment.
1. When you encounter a good coin, but there is obviously no buying point, you still want to buy it, for fear that it will fly away directly, and you even chase high to enter the market. At this time, your eyes are only focused on it. This is obsession.
2. When doing value investing, you only focus on the price. When the price goes up, that's great and in line with expectations, but the coin price falls. At this time, you will selectively ignore the reality that the coin price is at the end of a large-cycle upward momentum exhaustion structure and that the valuation has been realized. You desperately look for various fundamental benefits to support your views. This is obsession.