Crypto Contract Trading Taboo!!
1、Position Syndrome When there are no positions, the hands itch and cannot sit still, and must place an order; when there are positions, there is panic, and once the market moves in the opposite direction, one does not know what to do; believing that opportunities are endless, always wanting to operate continuously, resulting in more losses, and more losses lead to more operations.
2、Frequent 'All-weather' Operations Many investors want to be all-rounders, 'long' after 'short', 'short' after 'long', although they have strict requirements for themselves, but this goes against the importance of following the market trend. Do not have the idea of operating in the opposite direction when there is no power of one coin breaking the power of another coin.
3、Counter-Trend Speculation on Rebounds Can you speculate on rebounds? If the method is correct, of course you can. Otherwise, it is like licking blood on a knife edge. If a knife falls from the sky, when should you catch it? Undoubtedly, it is when it falls to the ground and stops moving. Otherwise, you will definitely be hurt. Speculating on rebounds requires certain skills; those without experience should not take risks and should follow the trend. Also, when participating in rebounds, it is essential to pay attention to fund management.
4、Hesitation When Placing Orders When going long, one fears being lured into going long, fearing false breakthroughs, and when going short, one fears being lured into going short, causing opportunities to disappear in front of them.
5、Always Fully Invested Although fully investing may quickly increase your wealth, it is more likely to lead to rapid liquidation.
6、Never Admit Defeat Many investors are stubborn and never admit defeat when they make mistakes, not knowing to resolve wrong orders immediately, leading to the continuous extension of mistakes, the consequences can be imagined. 'I just don't believe it won't rise, I just don't believe it won't drop...' This mindset must be avoided. When admitting one's mistakes, do not hold any delusional thoughts and decisively stop loss at the first moment.
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