Why do 99% of cryptocurrency traders lose money? The following critical mistakes are the root of the problem. How many have you made?

1️⃣

Blindly chasing highs

Seeing the price of a coin skyrocket and impulsively jumping in, ignoring the risks of buying at high levels. You must strictly adhere to the principle of 'not chasing high prices'.

2️⃣

Misjudging entry points

Not understanding how to distinguish the value of different coins, ignoring high-quality targets at major entry points, and patiently waiting to position yourself at the right entry is the correct approach.

3️⃣

Impulsive trading

Knowing it’s not a good entry point but still feeling the urge to trade, an unstable mindset makes it hard to profit regardless of how much theory you know.

4️⃣

Being emotionally attached

Having an obsession with specific coins or price points, without using market buy and sell signals as the basis for decision-making.

5️⃣

Refusing to reflect

Blaming the market after making mistakes, not reviewing and summarizing in a timely manner, prevents improvement in investment abilities.

6️⃣

Lack of technical skills

Relying solely on mindset without technical analysis makes it hard to stand firm; a combination of both is required for rational judgment.

7️⃣

Insufficient strategy

Not seizing trading opportunities; regardless of how much capital you have, precise execution is the way of the expert.

8️⃣

Panic trading

When trading, losing composure leads to blind operations; staying calm with your holdings means you won't worry about lacking quality targets.

9️⃣

Harboring luck

The market does not spare those who rely on luck; only through change can one survive in the long term.

Investing in the cryptocurrency space is high risk and complex; only with a full understanding of risks, maintaining rationality, and executing sound strategies can one seize opportunities.