The blood and tears warning of the "old gun" in the currency circle: the bull market also hides big pits, don't repeat my mistakes!

I plunged into the currency circle in 2018. Today, I will tell you all the pits and falls I have stepped on over the years. I hope to remind you not to follow my footsteps.

Contracts-death traps in the currency circle

The bull market is not a raging all the way. The K-line chart has ups and downs. Following the wave theory, shocks are the norm. Although we can figure out the big trends and build cycle models, no one can accurately predict the rise and fall within 15 minutes. Many people are lucky and plunge into contract trading.

The contract has the attributes of a gambler. Guessing the rise and fall is like tossing a coin. It seems that the probability of winning or losing is half and half, but in fact, nine out of ten bets lose. When you win, greed is at work, and you want to strike while the iron is hot and expand your achievements; when you lose, you are unwilling to accept it and focus on getting your money back. Casinos are well aware of human weaknesses. They are not afraid of you winning money for a while, but they are afraid that you will leave the market and stop playing. The same is true for the contract market. After sleeping at night, the market suddenly changes, a big negative line falls, and the account is instantly cleared.

Mentality collapse-the fatal injury of leeks

Chasing up and selling down can be called an epidemic in the currency circle. Seeing the price of the currency rise, the blood is on the head, and rushes in in a hurry; once it goes down, it panics and immediately cuts the meat. What's more, borrowing money to speculate in the currency is completely engulfed by anxiety. Carrying high loan interest, the heart and eyes are full of only the return of the capital, the mentality is completely unbalanced, the technical analysis and investment strategies learned before are all thrown out of the sky, becoming a slave to emotions, and being repeatedly harvested by the market.

A guide to avoiding pits for newcomers

1. Information screening: The information in the currency circle is mixed, and the news must be read, but you must develop a pair of sharp eyes to screen out reliable sources of information, and don't be misled by gossip and false hype.

2. Slow work produces fine work: K-line trend is an important reference, but don't be impatient when you see the rising trend. Calm down and analyze more, find out the doorway before taking action, and you can't eat hot tofu in a hurry.

3. Time compounding: Investment is not a short-distance race, but a long-distance race. Give yourself time to grow, let knowledge and experience ferment slowly, abandon the fantasy of getting rich quickly, take steady steps, and let time be your wealth partner.

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