"Psychological Strategy for Cryptocurrency Investment: Stay Away from These Four Mentalities"
In addition to funds and technology, capital entering the market game must also maintain a good mentality. The quality of mentality directly affects investors' objective analysis and judgment of the market. Experienced friends should be able to understand that many failure cases are mostly caused by mentality. The following are the main reasons for investment failure:
1. "Laziness". It manifests as a mentality of getting something for nothing. Although most people know that there is no free lunch, they still want to get it. Investment is risky. No one is willing to hand over hard-earned money to analysts for operation. Analysts can only provide professional guidance. At the same time, investors themselves should also learn basic skills and make independent judgments. If they do not work hard, it will be difficult to get the corresponding returns from the market.
2. "Wish", that is, wishful thinking. Specifically: 1. Seek self-interested information; 2. Do not admit losses when losing, but increase the stakes. Such investors only believe in themselves, are unwilling to believe others, and only listen to pleasant words, not the truth.
3. "Greed", which is extremely obvious in investment. Everyone knows that greed is not good, but most people find it difficult to quit. Correct risk management requires abstention from greed. Although it is difficult, with good teachers reminding you at critical moments, you will eventually be the one who can quit. The phenomenon of "making small money and losing big money" is common.
4. "Fear". Most ordinary investors are "afraid". Experienced people also have "fear". They respect the market but are confident. Ordinary investors are not afraid of the market. They often buy at high points and sell at low points. They are also afraid of missing opportunities. When the market is fragile, they still blindly follow the trend. Without guidance, they are prone to fall into trouble and suffer losses. In short, when people's emotions are infected with each other and rationality is lacking, blindly following is often wrong.
