Characteristics of frequent losses in the cryptocurrency circle, see how many of them you have?
1. Frequent trading not only increases transaction costs, but also easily affects the mentality due to market fluctuations.
2. Those who chase to add positions when the price rises lack a clear investment strategy, which easily leads to buying high and selling low.
3. Failure to stop loss in time when being trapped may cause greater losses.
4. Those who blindly and frequently add positions in the early stage of a downward trend have a greater risk of adding positions when the trend is unclear.
5. Those who hold coins for a short time have large price fluctuations in the short term and are likely to miss the opportunity for long-term growth.
6. Those who chase when the price rises and cut when the price falls have no clear plan for following the trend and are easily influenced by market sentiment.
7. Those who frequently exchange coins will increase transaction costs and it is difficult to accumulate experience in in-depth research.
8. For those who hold a large number of coins, although diversification can reduce risks, it is more difficult to manage too many coins and it is difficult to concentrate on in-depth research.
9. Blindly listening to news can easily be misled and lack independent judgment.
10. Those who are unwilling to learn and accept new knowledge are prone to fall into their own thinking errors.
11. Those who lack courage lack decisiveness at critical moments and find it difficult to seize opportunities.
12. Those who dare not buy at the bottom and are unwilling to sell at the top lack judgment and execution of the market.
13. After many failures, those who do not stick to the original model and frequently change strategies lead to lack of systematization.
14. Those who are satisfied with short-term gains ignore long-term potential.
