Reasons for losses in cryptocurrency trading
1. Sell the rising coins and hold the losing coins
Many people are eager to cash out when they see a little profit, but they will never make a lot of money. On the contrary, they can hold for a long time when facing losses. However, there is an unwritten rule in the cryptocurrency circle: the better the currency rises, the more it tends to rise, and the worse the currency falls, the more it tends to fall. It's like a pond, with less water in and more water out, and over time, even the largest pond will dry up.
2. Can't control your hands and always operate with full positions
Many people don't give themselves time to breathe. Even if they just come out of profit, they immediately invest in another currency. They firmly believe that as long as they work hard enough, they can make endless wealth. However, the cryptocurrency circle is different from other places. It is obviously unrealistic to want to win every time. It pays great attention to timing. As long as you seize a big opportunity, you don't have to worry about not making money. In a bad market environment, always operating frequently will only lead to losses.
Operating with full positions is particularly dangerous. Especially when the market falls sharply, you will realize how happy it is to operate without full positions.
3. Impulsive trading, always chasing ups and downs
It is difficult for human nature not to be affected by market sentiment. Seeing other currencies rising is like missing out on 100 million. When facing a decline, people always want to buy at the bottom and get a bargain, but this mentality often makes them buy at the top or halfway up the mountain.
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