The charm of the market is that no matter whether the price goes up or down, as long as you correctly judge the market trend, you can make money. The wonderful thing about the market is that it always surprises those who participate in it, whether you are a novice who has just entered the market or have been struggling in the market for many years, and whether you can make stable profits. The market itself is never transparent, that is, you can never predict the direction of the market.
So we must look at the uncertainty of the market rationally and find the existence of certainty from it, and this certainty can bring us most of the profits. Don't try to catch every market. The more you operate, the more you operate in uncertain markets, and uncertain markets bring us more losses.
In fact, everyone has a learning process when they first enter the market. The important thing is to accumulate experience in this process and correct the mistakes made in the past, and slowly turn losses into profits. Of course, in our contract trading, mentality often accounts for a large part. Panic is actually a negative mentality. Or that analogy, just like an exam, if you are always nervous, you may forget how to do the questions you originally remembered to do. If you are confused now, it will be difficult to go on the road in the future. So mentality is a very subtle thing and also an investment state. The importance of the mentality of investing in cryptocurrencies is self-evident.
1. Lucky mentality
Lucky mentality is a mentality that every investor will have. When there is enough profit or loss, investors will feel that the profit will be a little more or the loss will rebound soon because of the lucky mentality, and they will hesitate to make a decision, which will eventually cause huge losses to the interests of investors. Stopping when you are ahead is a good way to fight against the lucky mentality.
2. Blindly following the trend
Placing orders in line with the trend under the general trend of market changes is a stable method, but blindly following the trend and placing orders in line with the trend after analysis are different. Investors should not believe in some rumors at will. When the market changes produce a momentary "breakthrough", they will listen to the slander without distinguishing the truth from the false, resulting in wrong orders and losses.
3. Indecision
Decisiveness is the most powerful weapon of investors. After a full analysis, investors have a plan in their hearts, so investors must decisively place orders and seize the best opportunity. Similarly, when leaving the market, they should not be influenced by the thought of being greedy for small profits, and leave the market decisively to keep the profits in their own hands.
4. Stay calm
The investment market is constantly changing 24 hours a day, so prices change very quickly. Investors need to stay calm in the market. When the market changes drastically, investors' capital gains and losses will also fluctuate drastically. Here we remind everyone that investors should stay calm, analyze the market, find opportunities, and prepare for trading operations.
