There are three common problems in the cryptocurrency market:

1. Hold on to losses:

Sell as soon as you turn a profit or get back your investment, without looking at trends or trading volume, and only looking at your own account profit and loss. The final result is infinite losses and little profit

The correct approach should be:

Hold on to profits, set stop loss at cost, let profits run, and leave the market early if the trend or trend does not meet expectations. If you lose 5% of your principal after buying, you can come first, and stop profit at 10%. Even if you only have a 50% winning rate, your income will be positive, but the difficulty is human greed, and very few people can achieve unity of knowledge and action.

2. Don't look at trading volume:

Many retail investors never look at trading volume when buying coins, nor do they study trading volume. The rise of a coin requires real money to enter the market, and most retail investors ignore this indicator.

3. Holding too many coins:

Another common coin for retail investors is that they have little capital, but they have dozens of coins in their hands. They cast a wide net, hoping that a certain coin can rise a hundred times and become rich. This is a misconception. After the funds are dispersed, the gains from the rise are very small. Usually, only a few coins rise, and when they fall, all fall together. The point is that no one can hold a coin and rise a hundred times, unless he forgets, and it depends on luck.