Three Major Loss Misconceptions in a Bull Market: Avoiding Them is Earning!
The bull market has arrived, and the market is in a frenzy, yet there are always more people losing money[Thinking][Thinking][Thinking]
Why? Because most people fall into the following three major misconceptions, resulting in increasing losses as they trade!
1. Frequent Switching of Positions
Seeing a coin rise and chasing after it, only to find it plummeting after buying; the coin you sold skyrockets, and then when you buy it back, you step into a pit again...
Secret: Don't chase after hot topics randomly; hold onto the coins you are confident in and wait for them to rise. A bull market is not about seizing every opportunity but about maintaining your composure.
2. Short-term Speculation
Thinking about buying low and selling high, but after selling, the coin price soars, and you end up buying back at a higher price, incurring more losses.
Secret: A bull market is a stage for long-term holders; don't miss out on several times of gains for the sake of a 30% profit right in front of you!
3. Contract Leverage
Leverage makes you feel like you can double your investment, but the risks also double. In a bull market, junk projects may skyrocket, while quality projects may also plummet, and before you know it, you could wipe out your account.
Secret: In a bull market, spot trading is enough for you to profit; avoid using leverage!