Why do most people still lose money in a bull market?

1. Poor timing: Even if opportunities are seized, managing positions is a challenge. It's easy to get scared during market corrections, leading to frequent chasing highs and cutting losses.

2. Wrong choice of cryptocurrency: The coins purchased do not rise, while others held by others do. After being unable to bear the psychological gap, they cut losses and switch positions, resulting in being stuck again, leading to further losses and a vicious cycle.

3. Lack of understanding of cycles and rhythm: Easily influenced by market sentiment, lacking clear expectations for peak cycles and target positions.

4. Blind confidence at high prices: As prices rise, confidence also increases, even to the point of borrowing or selling homes to enter the market, with the crazy atmosphere of the bull market making inexperienced investors abundant, particularly noticeable.

5. Lack of awareness and learning: Unwilling to spend time and energy to improve understanding, lacking summarization and reflection. High leverage and heavy betting become the norm, trading lacks logic and planning, falling into daily gambling-like operations, lacking a long-term stable trading system.

6. Not understanding stop-loss: Blindly following others without setting stop-losses leads to unplanned losses that continue to accumulate. #BinanceLabs投资BIOProtocol