Why do ordinary people always lose money in the cryptocurrency circle? How can we successfully grasp this bull market?
Have you noticed that there are very few people in the cryptocurrency circle around you who really make money? One out of 10 people may make a slight profit, and the other 9 are likely to be in a general loss.
Many people have been in the cryptocurrency circle for many years, entering the market in 2017, 2019, and 2021. Logically speaking, they have a lot of experience. I have experienced many market conditions, but I am always frustrated. Maybe I have never experienced the feeling of making money and withdrawing cash, and I have been chasing the road of returning my investment. This is a real problem I found in my communication with many people, and it is common.
I will also ask the reason, why is this happening? There are many answers, such as:
1. I bought at a high price and saw that it rose well in the past few days, but it fell back as soon as I entered the market;
2. I bought too early and was trapped in the market, so I sold it, and it rose as soon as I sold it;
3. I saw the market falling again, so I thought it would fall sharply, so I sold my losses and left the market;
4. I always have bad luck and I was just one step away;
5. I didn’t know how to set a stop loss and resisted the order;
6. I started to win a little, but I didn’t recognize the market trend. The market started to fall. In order to lower the average price, I kept adding to my position. Finally, I added to the floor and couldn’t stand it and sold my losses.
There are too many reasons for losing money, but have you found a fatal problem? Most people who lose money don’t have one thing: a trading system. Many people regard trading as chasing prices, selling high and buying low, buying and selling. From the brain level, it belongs to single-line thinking, and there is no [systematic thinking]. Because the market is extremely complex, price fluctuations themselves have great uncertainty, and there are many factors, whether it is technical, news, or fundamentals, there will be certain deviations.
How to recognize, view, and deal with this uncertainty deviation is the key to the success or failure of our transactions.
Here you need to have a systematic thinking, and use the "trading system" to help yourself avoid uncertainty problems and regulate your trading behavior to avoid mistakes caused by human nature.
Friends who are still losing money on orders, please leave comments 111, this bull market will help you get ashore
