I found that 99% of retail investors have a particularly deadly bad habit.

When the price goes up, they can't hold on; when it goes down, they don't cut losses.

When it rises, they just think about not letting their profits retrace; once it's in their hands, it's theirs. When it falls, they keep thinking that they will break even if they just wait, and before they know it, they are trapped. If they wait even longer, they end up in liquidation.

Once liquidated, they feel relieved, only to fall into endless regret, starting to question themselves and then questioning the market, from "If I had known earlier, I should have..." to "Blockchain is a scam."

Therefore, before opening a position, you must have a clear range of operations and a plan, keeping losses within an acceptable range. If you lose, don't feel the pain; if it goes up, take profits in batches or adjust your stop loss. This way, you can reduce risk while not missing out on market opportunities.

Opening positions blindly and holding onto them will only decrease your lifespan in this market. Observe more, learn more, and execute more to live longer in this market.

If you want to learn more about cryptocurrency knowledge and first-hand cutting-edge information, click on my profile and follow me. Those who can multiply their investments tenfold in a month are also welcome to copy my trades. I release market analysis daily and recommend high-potential coins.