I took a look at the altcoins I sold two months ago, and I felt that I was damn right again.
I reviewed and summarized the money I lost. I bought it based on the so-called "news" of others, without research, analysis or thinking. I thought I took a shortcut and got a bargain, but in the end I lost money.
The second is not knowing how to stop loss in time. When the profit retracement shows a downward trend, you should run. Selling at a loss is the norm. Don't expect to return to the previous high. Once you have an expectation, it will be difficult to leave the market. The result is that the retracement to the return line is reluctant, and floating losses begin. In the end, I have to accept the loss and leave the market. Axl, Dym, Ftt are all like this. If you are greedy, you will be harvested by the market.
The third is not understanding the underlying logic of buying this target. Is it because of good news, strong market makers, or good graphics... Several times, I didn't run away after all the good news came out. It's called a pattern, but it's still greed in the final analysis. 20% feels too little, and 50% also feels too little. Desire is infinite.
Make money that suits you and makes money within your own cognition.
If you make a wrong choice or a wrong transaction, admit it. Don’t look for all kinds of “evidence” to bash yourself just because you got on board!
No one is an invincible general. Learn to recognize yourself.
