Ordinary people always lose money when speculating in cryptocurrencies. To put it bluntly, 90% of novices fall into this point: small positions when the price rises slightly, but large positions when the price falls sharply. Why? It's all because of trading habits!
When a coin rises, everyone dares not to put too much position, but when they see it rising continuously, they feel itchy in their hearts and can't help but add positions little by little. When will they stop adding?
Often when the price falls back, the little money earned from the small position in the front is lost by the large position in the back. Of course, there are times when adding positions is right, but speculating in cryptocurrencies requires a long-term perspective. If you don't change this habit, you will fall into a big trap sooner or later.
What habits should you develop to change this problem? Buy high and sell low, don't do it the other way around!
First, the position must be fixed, don't change it all the time.
Second, once the position is established, reduce the position all the way, don't add more.
Third, you must be cautious when building a position, especially when the situation is unclear.
Ambush potential coins in advance, like + comment, follow my pace, and make a lot of money in this bull market!
