🚫【Four taboos of cryptocurrency trading, avoid becoming a leek! 】🚫
When trading in cryptocurrencies, some common mistakes can easily cause investors to lose money, or even become the "leek" of the market. How many of the following four taboos have you encountered? 👀
Heavy positions in unpopular altcoins: Blindly investing a large amount of money in unpopular altcoins with high risks and poor liquidity, hoping to get rich overnight. However, these currencies often lack a stable foundation, and once the market fluctuates, the losses are difficult to recover! 💸
Floating loss increase position: Continuously increase positions when losing money, trying to recover losses by increasing positions, but falling into a vicious cycle of more and more losses. This practice not only does not help to reverse losses, but may also lead to greater losses. 🚫
Technical indicator superstition: Over-reliance on technical indicators to decide on transactions, while ignoring the fundamentals and actual trends of the market. Although technical indicators have reference value, they are not omnipotent, and blindly following may miss real opportunities! 📉
Frequent trading: Pursuing short-term profits and ignoring long-term investment value, frequent trading not only increases costs, but may also affect judgment, and ultimately lead to investment failure. Keeping calm and developing a long-term strategy is the key! 📈
Keep these taboos in mind and stay away from loss traps to move forward steadily in the market! 💪📊
