Why do 99% of people lose money in cryptocurrency trading? The following mistakes are considered 'fatal'. How many have you made?
1. Chasing highs leads to quick losses: As soon as you see the price of a coin rising sharply, you impulsively jump in without considering the risks of buying at a high. Remember, we must firmly adhere to the bottom line of 'not chasing high prices'.
2. Uncertain buying points lead to empty wallets: You don't understand how to discern whether different coins have value, ignoring high-quality coins at significant buying points. It’s important to patiently wait for the right buying point before making an investment.
3. Impulsive trading leads to losses: Even when you know it’s not a good time to buy, you can’t control yourself from making trades. With this unstable mindset, no matter how much investment theory you know, it's hard to make money.
4. Emotional attachment leads to mistakes: Being overly fixated on certain coins or price points when making investment decisions without considering market signals is not advisable.
5. Failing to reflect leads to shrinking wallets: When you make investment mistakes, you blame the market and never take the time to review and learn from your experiences. If this continues, your investment skills will never improve.
6. Lack of technical skills is like investing 'naked': Relying solely on mindset in cryptocurrency trading won't work; without technical analysis, it's impossible to stand firm in this complex market. You need to combine mindset with technical skills to make rational judgments.
7. Not following strategies means no hopes of profit: If you can’t catch the right timing for buying and selling, it doesn’t matter how much capital you have; it’s hard to invest well. True experts are those who can execute trades accurately.
8. Chaotic trading leads to total loss: When it’s time to trade, your mindset collapses, and you begin to operate blindly. In reality, calmly holding onto your coins will help you find good investment opportunities.
9. Relying on luck is not advisable; remember this in investing: In the market, having a mindset of luck is not viable; the market won’t tolerate such behavior. Only by changing yourself can you survive long-term in this market. #本周高光时刻 #BTC重返10万 #Stripe稳定币账户 $BTC