From Profit to Loss: The Painful Lessons in the Cryptocurrency Market
A few days ago, I took a plunge and invested a portion of my savings into cryptocurrency. At first, wow, it was exhilarating, and I actually made a small profit. But before long, the gains slipped through my fingers, and everything I earned was lost. After some reflection, I realized the issues stemmed from these points:
1. If you only have a superficial understanding of something, you might initially stumble into some profits, but in the long run, you will definitely give it all back. If you're lucky, it's just wasted effort; if you're unlucky, you might lose everything. Don't always think about making big money, or you might end up losing your initial capital.
2. Patience is really crucial in trading.
3. There must be rules; don’t rush in just because you're afraid of missing out (FOMO). You need to stay calm and wait for the right moment to act.
If you like contracts, enjoy studying charts, and researching techniques, click on my profile. I have years of experience in the crypto circle and am willing to share tips for free. I'm waiting for you in the community, always online, and welcome discussions to improve together.