From 1 million to 6,800 yuan
Looking back, I positioned myself as a systematic trading cryptocurrency trader. I tried to integrate the theories of various schools, but ignored the complexity and variability of the market. In the pursuit of huge profits, I kept testing and losing money, and finally reduced the 1 million yuan to only 6,800 yuan.
After learning from the pain, I summarized the following reasons for the loss:
Overtrading: Frequent buying and selling leads to increased transaction costs, and also increases the risk of losses.
Pursuing huge profits: unbalanced mentality, ignoring the risks and uncertainties of the market.
Ignoring basic analysis: Over-reliance on technical analysis, ignoring the fundamentals of blockchain and the impact of the market environment on the price of the currency.
Imperfect trading system: Although the trading system has been established, it lacks flexibility and adaptability and cannot cope with market changes.
I hope my story can bring some inspiration to everyone. In the currency market, we need to keep a cool head and rationally analyze the reasons behind market fluctuations. At the same time, we must also recognize our limitations and continue to learn and improve. Only in this way can we ride the wind and waves in the sea of the stock market and achieve the goal of stable profit.
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