You can't make money in a bull market, but it's easy to lose money
In fact, this is indeed the case. Many people are losing money in the bull market.
In fact, it boils down to the following points that I often emphasize:
1: I like to chase ups and downs, buy whatever goes up, and chase whatever is hot.
Because to be honest with Leek, I can’t get inside information. It’s only after the market rises that I see people on the screen bragging about their achievements and showing off their achievements. Then all kinds of good news and hot spots come up. Then you think there is still room for others. Looking at ten times, hundreds times, and thousands times, you chase after it, but you don’t know that when you go in, you are taking over the market, selling the currency in your hand that is about to take off, and then buying the high-point currency, which will either start to consolidate or start to fall and be trapped.
2: All kinds of news are flying all over the sky, and you don’t have a certain understanding of the market. This one says he believes this, and the other says he believes that. They have no opinion. If you are this kind of leek, I suggest you just buy three, BTC ETH BNB. As a fixed investment, you can buy it as long as it drops 20%. You won't lose money, just hold on to it. Don't engage in altcoins. How many people have died because of the news.
3: Pay attention to various bloggers and various finances. In fact, you lack knowledge and confidence in yourself. It is better to just follow one or two, and don’t read too many people’s suggestions, because everyone’s suggestions are different. You have no direction at all
No one can make money all the time, or make mistakes all the time. When you are unlucky and you follow up when a blogger makes a mistake, you lose money, and then you don’t believe him, change to someone awesome, and then you Follow up again, it’s wrong again, and then you see another blogger who is more awesome. In fact, it’s not you who is bad, but your bad luck. If you have been following one for a long time, 💰qun+V: 417072555👈 Just have a high probability of being correct, otherwise you will lose confidence in the major bloggers sooner or later, and the final loss will be your principal, and you will have no confidence in this circle at all.
4: Don’t buy when it’s high and don’t sell when it’s low. Many people are just the opposite. The lower they fall, the more they can’t help but chase. The higher they rise, the more they chase. If you don’t lose, no one will lose money. If you don’t make leek, who will make leek. Don’t follow the market’s emotions to fluctuate. Don't let yourself be the taker.
To borrow a quote from Buffett:
We need to be greedy when everyone is fearful
When everyone is greedy, we should be afraid
