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. Chasing and adding positions when prices rise: lack of clear investment strategies, which easily leads to buying high and selling low.

3. Not stopping losses when trapped: Failure to stop losses in time may cause greater losses.

4. Blindly and frequently adding positions at the beginning of a downward trend: the risk of adding positions when the trend is unclear is relatively high.

5. Holding coins for a short time: prices fluctuate greatly in the short term, and it is easy to miss the opportunity for long-term increases.

6. Chasing as soon as prices rise and cutting as soon as prices fall: following the trend without a clear plan, it is easy to be swayed by market sentiment.

7. Frequent currency exchange: Frequent currency exchange will increase transaction costs and it is difficult to accumulate experience in in-depth research.

8. Holding a large number of currencies: Although diversified investment can reduce risks, too many currencies increase the difficulty of management and make it difficult to concentrate on in-depth research.

9. Listening to news everywhere: Blindly listening to news can easily lead to being misled and lack independent judgment.

10. Self-willed and self-satisfied: Unwilling to learn and accept new knowledge, easily fall into their own thinking errors.

11. Lack of courage: Lack of decisiveness at critical moments, difficult to seize opportunities.

12. Not daring to buy at the bottom and not willing to sell at the top: Lack of judgment and execution of the market.

13. After many failures, not sticking to the original model: Frequent changes in strategy lead to lack of systematization. Content with small gains: Satisfied with short-term gains and ignoring long-term potential.