There are six reasons for losing money

1. Short-term thinking

In fact, we should look at the long term, with long-term as the main focus and short-term and medium-term as the supplement

2. Chasing up and selling down

The whole world is discussing this coin, and people follow the trend to buy it. After buying it, they lose 10% or 20% and are reluctant to sell it. They hold on to it and wait for it to be released. When it continues to fall and loses 50% or even 60% or 70%, they sell it directly to the floor.

3. Lack of knowledge

Today a big V says this coin is good, tomorrow XX gossip says that coin will rise, and everyone follows and buys it. It is impossible not to lose money with this kind of brain-based investment method

4. Too impetuous

Many people enter this market with the mentality of getting rich overnight, but they are not prepared to return to zero in one day. When they suffer losses, they start to find all kinds of excuses, scolding the project party for not doing market value management, scolding the dog dealer for crashing the market, and blaming the big V for inaccurate predictions.

5. Not learning

Learning is eternal wealth. Only by continuous learning can we avoid being harvested.

6. Lack of sound investment concept

Only by making corresponding investment plans before investment, such as: how many currencies to buy? When to buy? How to allocate positions? Should I stop loss or cover the position after buying? Should I reduce the position in batches or continue to hold after making a profit?

Only by summarizing a set of investment strategies suitable for ourselves can we deal with various situations, so that at least we can make our mentality invincible and avoid making wrong choices due to the influence of mentality.