What is the reason why people who speculate in cryptocurrencies keep losing money?

According to statistics, more than 90% of leeks

speculate in cryptocurrencies and lose money.

My personal feeling is that

it may be more than 90%,

maybe more.

Based on my own experience of losing money,

one of the important points is chasing high prices.

When a coin is at the bottom

I feel that it is rising slowly and I don’t want to buy it.

When it rises by half

I feel that it is too high to buy.

However, when it rises to the pressure level,

I get impatient and think that it will continue to rise.

As a result, it falls as soon as I chase it.

I am stuck in it and watch myself lose money every day.

I can’t bear it and sell it again.

As a result, I sell it at the bottom again.

I am unwilling to do so.

I see it rise in the second wave,

I chase it again,

but it encounters the second retracement again,

I get slapped in the face back and forth,

and I keep losing money.

Solution to the problem:

Find out your past trading list,

Separate the losing points

and the profitable points,

and make a statistical summary,

When opening a position in the future,

only make the buying points with a high probability of success,

and give up the buying points with a low winning rate.

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