What is the reason why leeks keep losing money when speculating in cryptocurrencies?
According to statistics, more than 90% of leeks lose money when speculating in cryptocurrencies
I personally feel that it may be more than 90%, perhaps more
Based on my own experience of losing money, one of the important points is chasing high prices
When a coin is at the bottom, it feels that it is rising slowly, but leeks don’t want to buy it
When it rises by half, it feels high and is afraid to buy it in and hang it at a high position
However, when it rises to the pressure level, it is anxious
Thinking that it will continue to rise, but it falls as soon as it is chased in
As a result, it is trapped in it, watching the loss of money every day, and can’t bear it in my heart, so I sell it again
As a result, it is sold at the bottom again. I am unwilling in my heart
Seeing its second wave of rise, I chase it again
As a result, it encounters the second retracement again, and is slapped in the face back and forth
Continuously losing money
Solution to the problem:
Find out your past trading list
Separate and summarize the losing and profitable buying points
When opening a position in the future, only buy at the points with a high probability of success
Give up the buying points with a low winning rate.
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