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Today is the 279th day of my dynamic posting, and there has been no break for a day. Each one is not perfunctory, but carefully prepared. [微笑] if you think I'm a serious person, you can walk with me, and I hope that the daily content can help you. The world is big, and I'm small, so pay attention so that it's not hard to find. [微笑][微笑]
Five Deadly Habits of Speculating on Coins:
First, there is a habitual full position. Some people clearly do not have the ability to maintain a full position, yet due to greed, they are always habitually fully invested. This habit, once gone wrong, makes it very difficult to start over.
Secondly, not having your own judgment, your own understanding, and your own aesthetics, and only listening to others' opinions, this habit is deservedly a loss. I think as a retail investor, it is understandable that you don't have so much time and energy to thoroughly research the market. However, when you are trading cryptocurrencies, you must have a certain level of understanding and aesthetics; at least you need to know what is right and what is wrong. Then, combine others' opinions and make your own decisions.
Third, a common misconception that everyone falls into is that when the price rises a bit, they become anxious and sell immediately, but after getting trapped, they end up holding on steadily. This is also a matter of risk-reward ratio; the correct approach is to be a bit slower when making money and quicker when losing money.
Fourth, it is to like the coins with a downward trend, which is euphemistically called bottom fishing. However, after you finish bottom fishing, there are still 18 layers below. The correct approach is to choose the most popular and vibrant things in the market.
Fifth, having an impatient mindset, lacking a plan, and always trading impulsively is also a reason why most people incur losses. It is because of being overly ambitious and not being able to control one's temperament that many people lose themselves in buying and selling, ultimately ending up making mistakes no matter what they do, resulting in not only the loss of wealth but also the loss of rhythm and confidence.🌹