Lesson 2 of Zero-Base Contract Learning: 7 Mistakes Contract Players Are Easy to Make

1. Randomly build positions: One is to buy dozens of coins at a time; the other is to buy a large position in a single coin, especially altcoins.

2. Randomly add positions: If the market is in a downward trend, no matter how much you add, you will still be trapped, and the more you add, the deeper you will be trapped.

.3. Frequent entry and exit: Many people fall as soon as they buy, and they cut when they fall, and they rise after cutting, and they enter and exit frequently.

4. Hearsay: I heard that the coin is good, so I followed it, and I heard that another coin followed it again. In the end, I bought a lot of coins, and I sold them when they rose a little. Those that did not rise were trapped instead.

5. Not knowing how to stop loss and stop profit: I kept leaving it when I lost money, and I didn’t know how to sell it when it rose. In the end, I didn’t make a penny and lost money.

6. Chasing up and killing down: When I saw a coin soaring, I blindly chased it, and then took over at a high position. After seeing the coins on hand fall continuously, I cut my losses and left the market.

7. Holding on to it: I add positions when I lose money, but I just don’t want to sell it. In the end, the loss was stopped only after a huge loss.