Are you still losing money in the bull market of the cryptocurrency circle?
Then let's talk about how to avoid it
1. Revealing the reasons for losses
The norm of risk investment: Whether it is a bull market or a bear market, most investors will eventually lose money. This is the law of the market.
It is more dangerous to enter the market in a bull market: the market rise attracts a large number of novices to enter the market. They lack experience and knowledge, blindly follow the trend, and the final loss is almost inevitable.
Two major reasons for losses:
Timing of entry: Most of them enter the market in the middle or late stage of the bull market. The market is already at a high level, and the risk of loss
increases.
Irrational behavior: such as chasing ups and downs, frequent trading, etc., lead to increased losses.
2. How to reduce losses
Avoid leverage: No matter how confident you are in the market, you should not borrow money to invest, so as not to lose all your principal due to one mistake.
Idle money investment: Make sure that the investment principal is idle money that will not be used within 4 years to cope with market fluctuations.
Pay attention to risk control: When investing for the first time, the focus should be on avoiding or reducing losses, rather than pursuing high profits.
Investment philosophy: Investment experience requires personal accumulation, and tuition fees must be paid sooner or later. It is better to experience it early than later.
Summary: In the bull market, investors need to remain rational, avoid blindly following the trend, and pay attention to risk control to reduce the risk of losses. Investment is a long-term race, and stability and patience are the key.
After reading this article, many people will say that reading it is the same as not reading it, and you will lose money if you do it.
If this is the case, then I suggest you follow me.
My detailed practical operation is shared with fans for free.
Those who like spot, want to roll funds together, and hoard bull market spot
Click on the avatar, follow me, face the fans, my bull market strategy layout, free sharing, be a free blogger, just to increase fans.