Recently, the market has taken a sharp downturn, and bull markets often experience significant drops. Newbies often miss the best entry points due to the shadow of a bear market, or they keep waiting for lower prices during the mid-phase of a bull market, ultimately missing out on the opportunity for an increase.
Many people also miss out on larger profits due to frequent short-term trading and chasing after rising prices, or they even face liquidation due to the misuse of leverage.
As the bull market nears its end, the market becomes excessively frantic, and newcomers often increase their positions at high levels, resulting in being trapped. The key to avoiding these pitfalls is to stay calm, follow the market trend, plan trading strategies reasonably, and not blindly chase after rising prices or use excessively high leverage.