If you find that you always encounter a cycle of plummeting after entering the market and rebounding after cutting losses in your operations, you may need to consider the following three reasons:
Wrong buying timing: It may be because you entered the market during the high outbreak period of the currency market or the temptation of the overall market to go up, which led to an immediate lock-in state.
No real potential coins were found: Some currencies may temporarily fall due to the overall market collapse even if they are bought at a relatively high level, but their special themes and strong currency properties will inevitably reverse after falling to a certain extent, and they will perform well again as the market recovers and stabilizes.
Both of these points are technical issues.
Too impatient mentality: This is reflected in chasing ups and downs, unwilling to sell when it soars, and wanting to exit immediately when it falls slightly. The root cause may be the lack of a currency selection system that adapts to the market and a lack of confidence in the selected currency.
In order to change this situation, it is necessary to find out the root cause and make adjustments:
Recognize the situation and your own operating style. Make a complete trading plan: including when to buy, when to sell, what kind of target to choose, what strategy to adopt, and how to control risks.
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