If you learn these five points in the cryptocurrency world, it will be difficult to lose money in the future!

Since it is an investment, there will definitely be risks. At the same time, there will be people who win and lose, make money and lose money. Don’t say that this market cannot make money once you become a person who loses money in the cryptocurrency circle! It’s just that you didn’t make money, it doesn’t mean that others also lose money! Since the cryptocurrency market exists, it has its value! People in the cryptocurrency circle are best to do the following:

1. Adjust your mindset

Mentality is the most important magic weapon for investors to win, which is more valuable than the profit of a single transaction. After a series of failed operations, the mentality of trading is greatly affected. The first thing to do is to adjust the mentality. Otherwise, rushing into the market again or hesitating to enter the market will result in losses for us. Because the probability of making mistakes for those who rush into the market is much higher than usual, and hesitating to enter the market will miss many good opportunities, which is equivalent to losing money.

2. Do not trade frequently

If you are losing money after a short period of concentrated trading, why not stop and slow down? This way you can keep up with the market and better monitor the quality of your orders. In addition, Gege recommends that you keep a detailed trading diary. If you can keep a good trading diary, you can trace the source, find clues to failure and success, and make timely adjustments. If you still lose money after reducing the number of transactions, it is best to withdraw and take a break to sort out your messy thoughts. You may have a "virtual" market in your mind to verify the correctness of your judgment of the market, so as to regain your confidence. If you still can't grasp the direction better in this market, you'd better seek other investment methods.

Patience and moderation

Do you follow your investment plan for every trade? If not, please follow it. Do you not formulate an exit strategy after every trade? If so, your trading plan is not perfect enough. Are you impatient? Many successful medium and long-term investors have been in contact with them. They only trade a few times a year. They are always quietly waiting for the opportunity to appear, the "perfect time" they expect. If you are a medium and long-term investor, you don't have to trade every market. As long as the general trend is judged accurately and the position on hand conforms to your judgment, you can play the long game and catch the big fish. Don't let the market lead you by the nose.

Four: Confidence

Have confidence in your investment philosophy. If you don't have confidence in your investment philosophy, ask yourself why. If your investment method really doesn't work, try another one. Read books written by successful people to see how they succeeded. But be careful of those so-called investment secrets, success tricks, and money-making methods that are swindling books.

Five: Work hard

If you can't study the market, don't expect to make money in the cryptocurrency market. How much do you know about the fundamentals of the products you trade? Even if your technical analysis is very sophisticated, you should at least have a good understanding of its fundamentals. For example, before there is a large-scale flow in the market, although the technical chart is very intact at this time, smart investors generally will not act rashly before then.#BTC #ETH