1️⃣ HOLDING TOO MANY ALTCOINS 🚫 Mistake: Spreading your portfolio too thin across 20+ coins. ✅ Solution: Focus on 5-10 high-conviction coins. 🔍 Example: A small portfolio of $1,000 spread across 30 coins dilutes potential returns. Focusing on fewer picks magnifies gains.
2️⃣ NOT TAKING PROFITS 🚫 Mistake: Holding too long, hoping for higher prices. ✅ Solution: Set realistic sell targets and take profits regularly. 🔍 Example: Imagine a $10,000 portfolio dropping to $2,000 in a
Why do ordinary people always lose money in the cryptocurrency world? How should we seize the current bull market?
I wonder if you have noticed that among your friends in the cryptocurrency world, very few really make money. Out of ten people, maybe one has a slight profit, while the other nine are likely to be overall in a loss. Many people, even after being in the cryptocurrency space for many years, whether entering in 2017, 2019, or 2021, should theoretically have a lot of experience. They have gone through many market cycles, yet they always feel frustrated, perhaps they have never experienced the feeling of making a profit and withdrawing money. They are always on the road to recover their losses, which is a common issue I have found in conversations with many people.
I also ask why this happens. What could be the reasons? There are many answers, such as: 1. I bought at a high price. I saw that the price had risen well a few days ago, but who knew that as soon as I entered, it retraced; 2. I sold too early. I got stuck after entering, so I sold, and as soon as I sold, the price went up; 3. I saw the market dropping again and thought it would crash, so I cut my losses and exited; 4. I always have bad luck, just missed it; 5. I don’t know how to set stop-loss orders and held onto my position; 6. I started with small gains but couldn’t recognize the market trend. When the market started to drop, in order to lower my average cost, I kept adding to my position until I ended up at the bottom and couldn’t take it anymore, so I cut my losses.
There are many reasons for losing money, but have you noticed a fatal problem? The vast majority of people who lose money lack one crucial thing: a trading system. Many people see trading as chasing prices, buying high and selling low without any systematic thinking, which reflects a linear thought process rather than a systematic approach.
If you don’t have your own trading system, lack skills, and have no proper mindset, then your execution must be strong, just like the follower below. In mid-November, I advised him to position himself for a long-term investment in XRP, entering around 0.8. The current highest price is around 2.91, achieving a 256% gain. This has directly multiplied his position by 7-8 times. For friends who are confused about trading now, comment '111' to help you get rich. #BNB创历史新高 #小非农数据即将公布 #下一个换谁涨? $XRP $TRX $CVX
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$BTC Dominance (BTC.D) has broken down from its Daily uptrend line 📉, signaling a major shift in the market dynamics. The retest is confirmed, and now the dominance is diving lower 🚀, opening the floodgates for altcoins to rally hard. Altcoins like RSR, XVG, and FUN are already surging, and the momentum is heating up 🔥.
This is the perfect storm for altcoin traders as a key coin tied to these trends sits in an ideal accumulation zone 💹. Don’t miss this opportunity before FOMO takes over and prices skyrocket 🌟. The altcoin season is officially underway, with Binance leading the charge as the top exchange for these explosive moves. Take action now and ride the wave before it's too late! 🌊