In a bull market, don't be rigid when trading coins; 99% of people have made these mistakes. Correcting these bad habits will ensure you make steady profits!
In a bull market, don't be rigid when trading coins; 99% of people have made these mistakes. Correcting these bad habits will ensure you make steady profits!
1. When you encounter a good coin but clearly have no buying point, you really want to buy it, afraid it will take off directly, even chasing the price to enter. At this time, your eyes are solely focused on it.
2. When doing value investing, you only focus on the price. When the price goes up, it's great and meets expectations, but if the coin price drops, you will selectively ignore the reality that the coin is at the end of a major cycle's upward momentum and has already realized its valuation, desperately searching for various fundamental supports to justify your viewpoint.
3. When you are trapped in a trade, you will suddenly become a very determined bull, unable to tolerate anyone bearish about it. You are controlled by emotions and have lost the ability for rational judgment; you only want to listen to bullish analyses.
4. You have clearly made a wrong judgment; you could have cut losses and exited here in the short term, but you keep staring at your account because you only allow yourself to exit with a profit and not with a loss, resulting in greater losses, turning a short position into a long one.
5. If a coin has hurt you in the past, you will hate it for a lifetime. No matter how good the opportunity is, you will not want to buy it again.
6. When you sell a coin short-term and, based on your judgment, believe it still has significant upside potential, even if going back now only increases the cost by two points, you will stubbornly refuse to chase it.
7. You want to buy coins every day, even if there are no buying points; you have to buy, buy randomly, until you use up the last penny in your account.
8. Lack of patience; you can't hold onto coins and can't stand not moving them even for a short while.
9. When you have been following a certain pattern for a long time and have been losing for a long time, yet you refuse to change your mindset.
10. When you keep losing money, you will feel desperate. If you don't believe you can win even once, you will continue to increase your bets.
11. When you make a profit of 18 points, even though short-term signals show a rise is losing momentum, you insist on waiting for 20 points before taking profits.
13. When you achieve success due to a survivor bias effect, you will stubbornly believe that this method is feasible, but subsequent practice repeatedly proves you wrong, yet you refuse to admit it and persist in your ways.