99% of people lose money in crypto for these reasons!
1. No guidance from a mentor, looking at others' suggestions everywhere to make trades, focusing on short timeframes, chasing back and forth, resulting in losses;
2. Strong personal opinions, never fully trusting any one person, looking at various analyses from different mentors and combining them for trading. When they see a correct analysis, they lack the confidence to enter, and when they see a wrong one, they jump in;
3. With a mentor's guidance, they always overleverage their trades and consistently make incorrect calls;
4. When they get it right, they take a small profit and exit; when they get it wrong, they get stuck or hedge, ultimately cutting losses at the lowest point or in a cycle of locking and cutting;
5. They manage okay in choppy markets, but one day after heavily trading back and forth, they develop a fear of the market, thinking every day is one-directional and hesitate to trade, when in fact every day is choppy; suddenly one day when they think it's choppy, it turns out to be one-directional;
6. In a one-directional market, they see it correctly but always miss the entry point, after finally making a trade, it oscillates first, resulting in taking a small profit and regrettably trying to catch a pullback only to get stuck. Once stuck, they think at least it will pull back to break even or exit with a small loss, even knowing the trend has clearly reversed, yet they still get deeper into trouble like a frog in warm water, ultimately cutting losses at the highest or lowest point.
Brother Feng has created a chat room on Binance, interested friends can come and check it out, sharing spot passwords and contract strategies from time to time. To enter the chat room, click the three dots in the top right corner of Contracts → Chat Room → Search Room ID (69241991) to enter the chat room