Why do you always lose money when trading cryptocurrencies? Have you ever thought about this question?
Many people trade cryptocurrencies, and what they fear the most is not losing money, but losing too much. Whenever they incur a loss, they think about slowly making it back. As a result, their perspective gets narrower and narrower; they make a trade and earn 5%, then hastily take profits, fearing they will lose it back. They earn a little and feel they are one step closer to breaking even. However, they will find that not only have they not broken even, but they have lost even more, missing out on significant opportunities.
Ask yourself, if he only thinks about making small profits and catering to the market, would he have today's achievements?
Many people enter the cryptocurrency space with the wrong intentions, or rather, their initial thoughts are correct, but after losing money, they only think about breaking even and making small profits. This mindset is the fatal root cause.
When trading cryptocurrencies, you should have a goal from the very beginning: Get rich! Get rich! Get rich! If you take the risk to enter the market, you should have the goal of becoming wealthy; financial freedom is a reasonable expected return. Because this market does not allow you to only think about small gains; you either win or go bankrupt. Only by setting a goal of getting rich will you justify the risks you take and have the possibility of real returns.