A true portrayal of leek in the currency circle:
Bull Market Manifesto:
I vowed: When the market drops, I will definitely get in!
Reality slaps you in the face: after a big drop, you are scared to death and cut off your flesh, you are short of the bull market, you wait and see with a short position, and you miss the opportunity.
Bull market boasts:
Bragging: I made 100 million by rolling the 100u contract!
The real situation: I made a few profits by rolling my position, but my position was wiped out all at once. When I woke up, I suffered heavy losses.
Bull Market Curse:
Curse of the currency circle: The more you want to buy at the bottom, the easier it is to be short; the more you want to sell high, the easier it is to get trapped.
Leek mentality: If the price rises, the price will go higher; if the price falls, the price will go lower. Chasing the price will kill the price. The more you operate, the more you will lose.
Bull market greed:
The rise and fall of a currency reflects the greed and fear of investors.
Here are the common greedy mindsets in bull markets, and the disastrous consequences they can lead to:
1. Chasing the rise and killing the fall, one step is wrong and the other is wrong:
I was optimistic about the currency, but I didn’t buy enough and watched it take off.
I couldn't help but chase the highs and bought heavily. As a result, the price of the currency traded sideways or fell at a high level, and I was trapped in it.
I imagined a callback to increase my position, but we ushered in a deeper decline, and I got deeper and deeper.
Fear of cutting flesh, missing rebound opportunities, and ultimately heavy losses.
2. Frequent operations will result in losses:
When prices go up, they look higher, and when prices fall, they look lower. I always want to buy at the lowest point and sell at the highest point.
Frequent transactions, but ignore the consumption of transaction costs and handling fees.
Being swayed by market sentiment, chasing ups and downs, eventually leading to a sharp shrinkage of accounts.
3. Don’t do your homework and blindly follow the trend:
When you see a currency recommended by others, you blindly follow it without analyzing the project value and market conditions.
Listening to gossip, frequently participating in speculation, and eventually becoming a leek.
Making money in the bull market relies on rational investment and patient waiting, rather than greed and impulsiveness.
Here are some tips for avoiding bull market traps:
1. Do your homework and conduct in-depth research on the project value and market conditions.
2. Develop a reasonable investment strategy and do not blindly chase highs and lows.
3. Control risks, don’t take heavy positions, and learn to stop profits and losses.
4. Stay calm, don’t be swayed by market sentiment, and stick to your investment strategy.
Remember, greed is the biggest trap in the bull market. Only by overcoming greed can you succeed in the bull market.
I hope this article can help you avoid making mistakes in the bull market, seize opportunities, and reap the rewards!
