Why do 99% of cryptocurrency traders incur losses? The following fatal mistakes are the root of the problem. Have you made any of these?

1️⃣ Blindly chasing highs

Rushing to enter the market when the price skyrockets, ignoring the risks of buying at high levels. Stick to the principle of "not chasing high prices" to avoid buying high and selling low.

2️⃣ Misjudging buying points

Not understanding the intrinsic value of cryptocurrencies and overlooking key low buying points. Be patient, plan accurately, and avoid blindly chasing.

3️⃣ Impulsive trading

Unable to resist trading during non-buying points, with an unstable mindset, making it difficult to profit regardless of how much theory one knows.

4️⃣ Acting on emotions

Becoming obsessed with certain cryptocurrencies or prices, making decisions without based on market buying and selling signals.

5️⃣ Refusing to reflect

Blaming the market for failures, not reviewing and summarizing past trades, missing the opportunity to improve investment skills.

6️⃣ Lack of technical skills

Trading solely based on mindset without technical analysis support, making it hard to establish oneself in the market. Investment must rely on a combination of technical skills and mindset.

7️⃣ Insufficient strategy

Not accurately grasping buying and selling timing. No matter how much capital one has, a lack of proper strategy makes precise operation impossible.

8️⃣ Panic trading

Emotional fluctuations leading to panic trading. Stay calm while trading; quality targets can appear at any time.

9️⃣ Having a lucky mentality

The market will not tolerate a mindset of luck; only by changing strategies can one survive long-term in the market.

Investing in cryptocurrencies carries significant risks, and the market trends are complex. Only by fully recognizing risks, maintaining rationality, and executing stable strategies can one better seize market opportunities.

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