Market validation shows that 90% of losses stem from nine major fatal trading pitfalls:

1. Chasing highs and selling lows: Blindly following the trend and often buying at the peak;

2. Misjudging entry points: Unable to discern trends and always building positions at unfavorable locations;

3. Emotional trading: Being swayed by emotions and frequent trading leading to losses;

4. Stubbornly holding onto positions: Doggedly clinging to positions while ignoring market reversal signals;

5. Refusal to reflect: Blaming the market and avoiding personal operational issues;

6. Lack of technical support: Trading on intuition without analytical skills;

7. No strategic planning: Trading at whim without a trading plan;

8. Panic trading: Becoming flustered during volatility and repeatedly missing market opportunities;

9. Gambler's mentality: Holding onto illusions, betting more leads to worsening losses.

As an experienced cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the crypto world but don't know where to start? Click on my profile to see the introduction to my cooking business and witness the moment of miracles together.