Summary of the reasons for losing money in cryptocurrency trading:

1. Improper coin selection. Failure to understand the logic of coin selection, lack of patience when selecting targets, and hasty decisions without fully considering whether they are suitable for the current market environment.

2. Learning misunderstandings. There is a deviation in the cognition of cryptocurrency trading. It is believed that cryptocurrency trading is just a simple keystroke, but the difficulty of achieving long-term stable profits and compound interest is ignored.

Although I study very hard, delve into various technologies, and am obsessed with indicators, I may be obsessed with it. Ordinary knowledge is just common sense, not a trick, but many people mistake common sense for passwords.

3. Lack of independent thinking. Going with the flow in the cryptocurrency circle, without in-depth analysis and independent judgment of the market, is easily influenced by the opinions of others.

4. Insufficient risk awareness. Failure to understand the existence of systemic risks and non-systemic risks in the cryptocurrency circle, and failure to take corresponding risk prevention measures.

5. Lack of systematic thinking. Failure to form a systematic thinking system of "Tao, Shu, Fa, Qi, Wu, Xin", failure to respect market rules, and lack of self-reflection and understanding.

6. Not enough pattern. To make big money, you need a big pattern. However, many people often get entangled in small opportunities and miss big opportunities.

7. Too greedy. In a bull market, greed can easily lead to a loss. Taking the elevator of a coin is also a manifestation of greed. Blindly operating in a market that is not suitable for you, and gambling with large positions on small probability opportunities are all greedy.

8. Overconfidence. Many leeks have a mysterious self-confidence. There is nothing wrong with self-confidence, but overconfidence becomes arrogance, which is easy to run into a wall in the market.