Haha! I have a friend who focuses on altcoin analysis and got angry when the contract's cooling period was opened.
But I can understand him. A skilled altcoin trader who can make stable profits opened five orders in one day, and all five lost; this is definitely a devastating blow to confidence and mindset.
Of course, I've seen his strategy, and he actually found good positions, but there's one thing he forgot—this mistake is something most people would make.
👉 Unlike one-way markets or sideways markets, we are currently in the "retracement phase" of an "uptrend." Since the trend is bullish, we tend to subjectively believe that buying low has a higher cost-performance ratio.
In theory, making low buys in a bullish trend is not a problem, but why aren’t altcoins rising where they should? Have you thought about this question?
It's simple: the market hasn’t stopped falling.
Our judgment on the direction of orders cannot avoid analyzing the trend of the major coin. Even if you find a good position with a favorable risk-reward ratio, the most important thing is that if the direction is wrong, it will still be a failed order.
So when you notice the market developing in a direction contrary to your expectations, it's a good idea to calm down first and wait for the market to show a certain signal before making your move.👈
