The loss of money is generally attributed to the following six points:

First, short-term thinking is too heavy. In fact, we should look at the long-term, with the long-term as the main focus and the short-term as the supplement.

Second, chasing the rise and selling the fall. When the whole world is hotly discussing a certain coin, they will follow the trend and buy it. After buying, they are trapped. When they lose 10% or 20%, they are reluctant to sell their meat and hold on to it and wait for the release. When it continues to fall, the loss is 50% or even 60% or 70%, but they sell their meat directly at the floor price.

Third, lack of cognition. Rumors say that the coin will rise, so they blindly buy it. If you don't lose money in such a brainless investment method, it is impossible.

Fourth, the heart is impetuous. Many people enter this market with the mentality of getting rich overnight, but they are not prepared to return to zero in one day. Once there is a loss, they start looking for reasons everywhere, blaming the project party for not managing the market value, scolding the dog dealer for crashing the market, and blaming the big V for inaccurate predictions.

Fifth, being unlearned and incompetent. Learning is an eternal wealth. Only by continuous learning can we avoid being harvested.

Sixth, we do not have a complete investment concept. Only by formulating a corresponding investment plan before investing, such as: how many currencies to buy? When to buy? How to allocate positions? Should we stop loss or cover the position after buying? Should we reduce positions in batches or continue to hold after making a profit?

Only by summarizing a set of investment strategies that suit us can we deal with various situations. At least, we can keep our mentality invincible and avoid making wrong choices due to the influence of mentality.