The money loss is mainly due to the following six points:

First, short-term thinking is too heavy. In fact, we should take a long-term view, focusing on the long term and supplemented by the medium and short term.

Second, chasing the rise and selling the fall. When the whole world is hotly discussing a certain currency, they will follow the trend and buy it. After buying, they will be trapped. When they lose 10% or 20%, they are reluctant to sell their meat and hold on to wait for the release. When it continues to fall, the loss will be 50%, then 60% or 70%.

Third, lack of cognition. Rumors say that the currency will rise, so they blindly buy it. This kind of brainless investment method is impossible without losing money.

Fourth, the masses enter this market with the mentality of getting rich overnight, but they are not prepared to return to zero in one day. Once panic occurs, they begin to find reasons for the masses, accusing the project party of not managing the market value well, scolding the dog dealer for crashing the market, and blaming the big V for inaccurate predictions.

Fifth, being unlearned and incompetent. Learning is an eternal wealth, and only continuous learning can avoid being harvested.

Sixth, the investment philosophy is not perfect. Only by drawing up a corresponding investment plan before investing, such as: How many coins 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 that suit us can we deal with various events. At least in this way, we can make our mentality invincible and avoid making wrong choices due to the influence of mentality.