Don’t be stupid when speculating in cryptocurrencies in a bull market! Avoid these 14 pitfalls and earn 20% more!
In the bull market of the cryptocurrency circle, the temptation of crazy wealth growth makes people’s heart beat faster, but 99% of people make mistakes and fall in the madness, giving up the profits that should have been in their hands. Get rid of these fatal bad habits, and you can make steady profits in cryptocurrency speculation!
1. Forced to get on the train without buying points: Seeing a potential coin, but not waiting for the opportunity to enter the market, you are afraid of missing it, and you rush to chase high, and you only have it in your heart and eyes. Little do you know that impulsive entry often leads to "standing guard on the top of the mountain".
2. "Price-only theory" of value investment: engage in value investment, but only focus on price fluctuations. When it rises, you are full of joy, and when it falls, you close your eyes and ignore the fact that the big cycle has peaked and the valuation is overdrawn, and search for good news to paralyze yourself.
3. Become a stubborn bull after being stuck in a transaction: When a transaction is stuck, it instantly turns into a stubborn bull, and cannot bear to hear any bearishness. Reason is carried away by emotions, blindly believing in more, and missing the opportunity to get out of the trap.
4. Holding on to losses: Misjudgment, should have stopped loss, but kept a close eye on the account, only allowed to make profits but not losses, resulting in short-term dragging into long-term, and the hole is getting bigger and bigger.
5. Being "pitted" by a certain coin: After being "cheated" by a certain coin, there will be a great opportunity in the future, but there will be a grudge and never touch it again, letting go of the opportunity to make money in vain.
6. Selling without admitting: Selling flying coins in the short term, knowing that there will be a big market in the future, and the additional cost is not much, but not chasing out of anger, letting the profit slip away.
7. Blindly all in: I want to buy every day, and I invest randomly without a suitable buying point, and I have to drain the account without considering the risks.
8. Impatient: I can't hold the coin, and I panic when there is a slight fluctuation in the short term, and I frequently operate, wasting the handling fee in vain.
9. Stubbornness: After losing money for a long time in a certain trading mode, they still don’t change their thinking and go all the way.
10. Bet in anger: After losing money continuously, they are blinded by evil and increase their chips, hoping to make back their investment, but they are often stuck in the quagmire.
11. Be greedy for small gains and lose big gains: After earning 18 points, they ignore the exhaustion signal and are willing to stop profit until they have accumulated 20 points. As a result, the market reverses and the profit shrinks sharply.
12. Mindless replenishment: 10% of the position is trapped by 5 points. Without understanding the trend, they blindly replenish their positions, fantasize about making back their investment, and finally they are deeply trapped in heavy positions and unable to save themselves.
13. Mistaking chance for inevitability: Based on an accidental success, they believe that the method is invincible, and they don’t admit it when they are slapped in the face later, and they go all the way down the wrong path.
14. Deeply troubled: Regret for a long time for trading deviations, repeatedly entangled, and have no intention to plan the next step, which delays the opportunity