Suffered losses but held on, took some profits and ran, why do you have these issues? Here are 4 suggestions!
1. Overcome the "Law of Small Numbers": Don't just focus on short-term fluctuations in trading, ignore daily ups and downs; plan your entry, exit, and capital allocation in advance, strictly execute stop-loss and take-profit levels, and do not be misled by rumors.
2. Alleviate "Loss Aversion": Set stop-loss and take-profit when opening positions, stop-loss at a 10% drop and consider taking profit at a 20% increase, to avoid emotional trading; diversify funds across multiple assets, adjust positions based on market conditions and your own risk tolerance, reduce volatility shocks, and stabilize your mindset.
3. Adjust Expectation Management: Accept that market profits and losses are uncertain, policies and international events can trigger fluctuations, and prepare mentally in advance; when the market is clear like a bull market, use technical analysis to track trends, and don't rush to sell due to small fluctuations.
4. Recognize Your Own Irrationality: Learn behavioral economics, clarify your psychological weaknesses, and remain vigilant against irrational impulses during trading; consider using algorithmic trading to automatically execute strategies or consult professionals to avoid emotional interference.
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