Reasons for losses in cryptocurrency speculation

1. Sell rising coins and hold on to losing coins

Many people are eager to cash out when they see a little profit, but they will never make a lot of money. On the contrary, they can hold on for a long time when facing losses. However, there is an unwritten rule in the cryptocurrency circle: the better the currency rises, the more it tends to rise, and the worse the currency falls, the more it tends to fall. It's like a pond, with less water in and more water out, and over time, even the largest pond will dry up.

2. Can't control your hands and always operate with full positions

Many people don't give themselves time to breathe. Even if they just come out of profit, they immediately invest in another currency. They firmly believe that as long as they work hard enough, they can make endless wealth. However, the cryptocurrency circle is different from other places. It is obviously unrealistic to want to win every time. It pays great attention to timing. As long as you seize a big opportunity, you don't have to worry about not making money. In a bad market environment, always operating frequently will only lead to losses.

Operating with full positions is particularly dangerous. Especially when the market falls sharply, you will realize how happy it is to operate without full positions.

3. Impulsive trading, always chasing ups and downs

It is difficult for human nature not to be affected by market sentiment. Seeing other currencies rising, it is like missing out on 100 million. In the face of a decline, I always want to buy at the bottom and pick up bargains, but this mentality often makes me buy at the top of the mountain or halfway up the mountain.

Keeping rational is the key. I often say to myself, why do I want to take action? What is its logic? This good habit has saved me a lot of trouble.

If you don’t know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a slight move may be your limit. The opportunity is very short, so you must seize it! Success is not based on luck, choice is greater than hard work, and the circle determines destiny. In the currency circle, in addition to having a sharp eye for judging the situation, you must also keep up with a good team and a good leader. Follow me and you will be halfway successful in the currency circle!

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