Three Major Misconceptions of Losing Money in a Bull Market: Avoiding Them Means Profit!
The bull market has arrived, and the market is in a frenzy, but there are always more people losing money. Why? Because most people fall into the following three major misconceptions, leading to increasing losses!
1. Frequent Switching
Chasing after any coin that rises, only to see it plummet after buying; the coins you sold surge instead, and buying them back results in losses......
Tip: Don’t chase trends randomly; hold onto the coins you’re confident in and wait for them to rise. A bull market isn’t about grabbing every opportunity, but about staying steady.
2. Short-term Speculation
Thinking about buying low and selling high, only to see the price skyrocket after selling, and then buying back at a higher price, resulting in even greater losses.
Tip: The bull market is a stage for long-term holders; don’t miss out on several times the gains for the sake of a quick 30% profit!
3. Contract Leverage
Leverage makes you feel like you can double your investment, but it also doubles your risk. In a bull market, junk projects can soar, while quality projects can plummet; it only takes a small mistake to face liquidation.
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