Why do ordinary people always lose money in the cryptocurrency circle? How can we successfully grasp the bull market in 2024?

If you have the way but no technique, you can still seek the technique. If you have the technique but no way, you will stop at the technique.

Have you found that there are very few people in the cryptocurrency circle around you who really make money? Maybe 1 out of 10 people is slightly profitable, and the other 9 are probably in a general loss.

Even if many people have been in the cryptocurrency circle for many years, they entered the market in 2017, 2019, and 2021. Logically speaking, they also have a lot of experience. I have experienced many market conditions, but I am always frustrated. Maybe I have never experienced the feeling of making money and withdrawing cash, and I have been chasing the road to return my investment. This is a real problem I found in my communication with many people, and it is common.

I will also ask the reason, why is this happening? There are many answers, such as:

1. I bought at a high price and saw that it rose well in the past few days, but it fell back as soon as I entered the market;

2. I sold too early and was trapped in the market, so I sold it, and it rose as soon as I sold it;

3. I saw the market fall again, so I thought it would fall sharply, so I sold my losses and left the market;

4. I always have bad luck and I was just one step away;

5. I didn’t know to set a stop loss and resisted the order;

6. I started to win a little, but I didn’t recognize the market trend. The market started to fall. In order to lower the average price, I kept adding to my position. Finally, I couldn’t stand it and sold my position when it reached the floor.

There are too many reasons for losing money, but have you found a fatal problem? Most people who lose money don’t have one thing: a trading system. Many people regard trading as chasing prices, selling high and buying low, buying and selling, which is a single-line thinking at the brain level, and there is no [systematic thinking].

Because the market is extremely complex, price fluctuations themselves have great uncertainty, and there are many factors, whether it is technical, news, or fundamentals, there will be certain deviations.

How to recognize, view, and deal with this uncertainty bias is the key to the success or failure of our transactions.

Here you need to have a systematic mindset and use a "trading system" to help yourself avoid uncertainty and regulate your trading behavior to avoid mistakes caused by human nature.

A complete and mature trading system includes three major aspects: technology, mentality, and strategy.It also contains several small parts to solve layout problems, such as position management, capital allocation, stop profit, stop loss, how to buy with the least risk, how to sell with the greatest profit.

Technology, mentality, and strategy need to interact and complement each other to form a closed loop, so that we can understand 90% of the market and have the ability to seize opportunities with a 90% probability of success.

It is difficult for someone who has a complete trading system to lose money.

Even if he is a layman, someone who has a complete trading system can trade successfully and get results. #BTC、 #币圈新人

I am the God of Wealth, a veteran in the currency circle, and I only tell the truth. Want to get started in the currency circle quickly? Follow me, contact me on the homepage, and provide you with real advice for free to help you move forward steadily and create brilliance together!