It is the tempering of time that transformed me from a newcomer in the crypto market into a seasoned player after more than a decade of honing my skills in the cryptocurrency market. I have continuously published articles in crypto communities for nine years, summarizing and improving every day, experiencing the ups and downs of the market. I have achieved over three years of compound interest. In the future, let’s work together, crypto family, to achieve brilliance! Now, I will continuously share my practical experiences that have helped me earn money in trading with everyone. Today's must-read for retail investors in the crypto market: change eight wrong viewpoints, and the door to success in trading will open! Be sure to read carefully and save it! Take time to study repeatedly.
A sincere piece of advice for retail investors in the crypto market: the following are the eight mistakes that retail investors are most likely to make. Be sure to read them carefully, and it will enlighten you.
1. Having too many scattered positions; a person's energy is limited, and you cannot manage too many coins. Generally, hold 3-5 types of coins with less than 1 million.
2. Holding too many concentrated coins; the market must be diversified. Opportunities in the crypto world are always rotating. Generally, select 3-5 high-quality leading coins in different sectors.
3. Too strong of an ego; remember that the market is always right. Learn to respect the madness and cruelty of the crypto world, study diligently, and continue to improve.
4. Lack of patience; this is a common issue among many retail investors in the crypto market. They always like to go all in and never leave some positions open to wait for the right moment to enter. They can’t stand to see others profit; if someone else’s coin goes up, they get anxious. You must have patience; the rotation speed in the crypto market is faster, and opportunities are always there.
5. Indecision; when the market starts to move, you always overthink and hesitate to enter, missing out on opportunities to double your investment. When trading coins, act decisively when you see a good opportunity and exit promptly if you’re wrong.
6. Do not set stop losses, constantly thinking that every coin you invest in can make a profit. Where is such a good thing? The crypto market fluctuates rapidly; if you make a mistake, you must acknowledge it. Timely stop losses are key to preserving your capital.
7. Do not follow big money blindly; think carefully about the intentions of the market makers. Don’t panic and sell at the bottom when there’s a decline. Large funds often conduct a final intense washout before a major upward move to shake out retail investors.
8. Thinking that the seven wrong viewpoints mentioned above are far from you.
The above are the eight wrong viewpoints of retail investors in the crypto market that I have summarized. Remember them and save them.
The content learned today also needs to be reflected upon carefully. Reflect on the coins you have previously invested in, and I believe you will gain something.
If you currently feel helpless and confused about trading, and want to learn more about the crypto world and get firsthand cutting-edge information, click on the avatar to follow the old expert, so you won’t get lost!
Only real trading is done here; the team still has spots available, so come on board quickly.
