In the cryptocurrency world, 90% of people have fallen into these traps. Let's see how many of them you have fallen into.
1. Don't rush to buy the bottom just because of a sharp drop. Sometimes waiting is more important than blindly acting. Don't "rush to buy the bottom". See the trend first.
2. Don't be greedy after making money. Stop when you are ahead. Don't be "greedy". Be careful not to lose both the wife and the army.
3. Don't be discouraged after losing money. Adjust your strategy in time. Don't "give up easily", opportunities always go to those who are prepared.
4. Don't always think about making quick money in the short term, long-term investment is more stable occasionally. Don't "intermittent trading", it is more reliable to hold good coins patiently.
5. Don't blindly chase a certain currency because it has performed well in the past, the market is volatile. Don't "chase the rise and kill the fall", rational analysis is more critical.
6. Don't let emotions influence your trading decisions, stay calm. Don't "emotional trading", rational analysis
7. Don't always think about getting rich overnight, currency speculation requires patience and strategy. Don't "dream of getting rich", it is more practical to be down-to-earth.
8. Don't always think that funds will determine the win or loss overnight, reasonable allocation is more important. Don't "go all in", confidence investment is safer.
9. Don't rush to add positions if you lose money, analyze the reasons first and then act. Don't "blindly cover positions", find the problem of success and then solve it.
10. Don't find the "universal formula" just once, there are always surprises in the market. Don't "superstitious methods" , flexibility is very important.
Cryptocurrency trading requires rational thinking and flexibility. Those who have stepped on the pit should summarize more, and those who have not stepped on it should try to avoid it. I wish you all stable profits!