1. Poor position grasp: Even if an opportunity is seized, position management is a challenge. Easily scared off during market consolidation, leading to frequent chasing highs and selling lows.
2. Incorrect choice of cryptocurrencies: The coins bought do not rise, while those held by others do. Unable to bear the psychological gap, investors cut losses and switch positions, resulting in being stuck, and then cutting losses again, creating a vicious cycle.
3. Lack of understanding of cycles and lack of rhythm: Easily influenced by market sentiment, lacking clear expectations for market peak cycles and target positions.
4. Blind confidence at high levels: As prices rise, confidence increases, even to the extent of borrowing or selling homes to enter the market. The frenzy of the bull market makes it particularly evident that inexperienced investors are everywhere.
5. Lack of cognition and learning: Unwilling to spend time and energy improving understanding, lacking summarization and reflection. High leverage and heavy investment become the norm, trading lacks logic and planning, falling into a daily gambling-like operation, lacking a long-term stable trading system.
6. Not understanding stop-loss: Blindly opening positions without setting stop-loss leads to unplanned losses continuously accumulating.
