#常见交易错误 Emotional Trading

Chasing Up and Selling Down: This is one of the most common mistakes made by investors in the cryptocurrency market. When the price of a coin rises rapidly, investors are often driven by greed to buy in at high prices; conversely, when the price crashes, they panic and sell at the bottom due to fear. This reverse operation contradicts the principles of rational investing, leading investors to buy high and sell low, resulting in substantial losses. For example, during the '312 Crash' in March 2020, many investors sold at a loss when Bitcoin was priced over $4,000, only to see its price multiply several times in the following months.

Impulsive Trading: Investors engage in trading under emotional fluctuations, such as rushing to buy a coin that is soaring in price or believing in 'insider news' and 'KOL recommendations' from community discussions without conducting independent research and judgment. This impulsive behavior often leads to buying or selling at the wrong time, increasing the risk of losses.