3 common problems in the cryptocurrency market that prevent you from making millions a year

1: Hold on to your losses, sell as soon as you turn a profit or get your money back, don’t look at the trend, don’t look at the trading volume, only look at your own account profit and loss, the final result is infinite losses and little profit

The correct approach should be: Hold on to your profits, set the stop loss at the cost, let the profits run, and leave the market early if the trend or does not meet expectations. If you buy and lose 5% of your principal, you can come first, and stop profit at 10%. Even if you only have a 50% winning rate, your income will be positive, but the difficulty is human greed, and very few people can achieve unity of knowledge and action

2: Not looking at the trading volume, many retail investors never look at the trading volume when buying coins, nor do they study the trading volume. The rise of a coin requires real money to enter the market, and most retail investors ignore this indicator.

3. Holding too many coins. Retail investors also have a common currency, which is that they have little principal, but they have dozens of coins in their hands. They cast a wide net, hoping that a certain coin can rise a hundred times and become rich. This is a misconception. After the funds are dispersed, the gains brought by the rise are very small. Usually, there are only a few when it rises, and all fall together when it falls. The point is that no one can hold a coin and rise a hundred times, unless he forgets, and it depends on luck. #BTC走势分析 #小非农增幅创3年多新低 #加密货币立场