In the cryptocurrency circle, keep these words in mind🤙

The more you lose in trading, the more cautious you must be about adding to your position. The cryptocurrency market has many traps; many people become very anxious after being stuck in trades, not considering exiting, but instead continuously adding to their positions to lower the average cost, hoping for a surge to break even. This actually goes against common sense. The process of decline cannot be reversed in just a day or two; adding to your position is merely self-comfort. The more anxious you are, the easier it is to make mistakes, and ultimately, you will regret it. Why would you dare to add to your position at this point? Trading discipline must be strictly enforced. Many traders will develop a detailed plan before trading, such as waiting for the market to drop to a certain level before taking action, or determining at what price to enter for individual coins, but during trading, they are often easily influenced by stimuli and temptations. If you cannot even execute your own plan properly, you are not trading in the cryptocurrency market, but rather in a casino; the operations taken at critical moments are nine times out of ten incorrect. Do not trade frequently in cryptocurrencies. Many severely losing traders are those engaging in very short-term trades, while those who treat trading as entertainment, without advanced skills, just wait patiently and do not incur significant losses. Avoid continuously increasing your position size; in the cryptocurrency circle, spending lavishly is a common sight. However, this is a very real depiction. Before you have the ability to make money, do not keep adding to your account, especially if it affects your standard of living. Losses indicate that there is a flaw in your trading system; at this point, you should not fill the hole by adding more. Instead, you should reflect and calmly explore an effective method before increasing your efforts.

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