Even in a Bull Market, You Can Lose Money. Have You Been Caught?
A Review of the 'Foolish Moves' That Lead to Losses in a Bull Market
1. Frequent Trading - Transaction fees eat into profits, and a fluctuating mindset collapses.
2. High Leverage - While amplifying gains, risks soar exponentially.
3. Chasing Highs and Selling Lows - Always buying at the peaks and selling at the lows, perfectly missing the market trends.
4. Buying Junk and Imitations - Blindly following the hype and ignoring the fundamental traps.
5. Watching the Market for Too Long - Emotions are hijacked by candlestick patterns, leading to impulsive trading.
6. Not Taking Profits - Profit withdrawal becomes routine, turning 'earning' into 'losing'.
7. Increasing Position on Unrealized Gains - Overexposure to profitable positions results in deep losses during corrections.
8. Buying New Coins - Ignoring the value of established projects and blindly investing based on 'stories'.