Which of these pitfalls in the cryptocurrency circle have you stepped on?
First: Watching the market for too long
If you watch the market for too long, you will make hasty buying and selling decisions as the market rises and falls. Hasty decisions are basically wrong, unless you have a good sense of the market, even if you make a trading plan, you will be afraid of the market. When you watch the market, in fact, most retail investors are also watching, and they will make decisions in a hurry like you, and they will be inexplicably controlled by the market. It often happens that the price goes up when you sell and goes down when you buy! Remember: People with a stable mind will definitely beat those with an unstable mind
Second, only look at the short cycle and ignore the long cycle
Many people who speculate in cryptocurrencies focus on the 5-minute and 10-minute trends, and the short-term trends are the most erratic, resulting in frequent operations!
Third, always looking for the top:
Always looking for the top to prove that their judgment is accurate, always afraid to hold a heavy position, no one knows where the top is, people who always look for the top cannot persist, and they don’t know how to manage their positions, resulting in being washed out by the market very early!
Article 4: Don't believe in media comments
Don't forget the characteristics of the currency market and its own rules. Often, some media comments are purposeful and directional. It is closely related to their own pro-economic interests!
Article 5: Inquire about the bull market and rely on news
Be enthusiastic about inquiring about bull coins, frequently adjust positions and exchange coins and rely on news, and often let the bull ride the rabbit!
Article 6: There is no logic in holding too many coins
No energy for analysis, dare not hold a heavy position, and dare not persist
Article 7: Greedy and sell high and buy low!
Always want to make more money, so you try to do the band, enter the full position and exit the full position. The result is that the cost is higher and higher, and even if you accidentally miss the car, you dare not chase it and miss the main rising wave of a big bull coin!
Article 8: Throw away good coins and keep bad coins:
Don't dare to keep the money you make, and try your best to take it when you are trapped, pull out the flowers, water the weeds, the strong will always be strong, and the weak will always be weak!
Article 9: Be impulsive and despise the market
Be very cautious in the early and middle stages of the bull market, but be bold in the late stages. Buy whatever you want and it will go up. I always feel like a god. The smoother the situation, the calmer I need to be!
