1. Do not be proud or complacent when making a profit.
A proud person ultimately destroys themselves in their pride. In the investment process, if a person feels proud and complacent because they made money, there will always come a day when they will lose money. The reason is that proud and complacent individuals are often unwilling to listen to others' opinions and suggestions due to their small achievements. Even when the market changes, they stubbornly believe in themselves, thinking all their decisions are correct, which leads to neglecting risk prevention, and they may end up suffering losses.
2. Do not rush to recover losses when facing a deficit.
It is normal to have both profits and losses in trading. After discussing profits, let's talk about losses. Profits can make some people proud and complacent, while losses can trigger a strong desire to recover. However, recovering losses also depends on timing; rushing to recover can lead to unwise decisions. For example, some people, eager to recover, may bet all their trading capital on a coin that seems to have good 'prospects.' However, the market is inherently uncertain and uncontrollable. If that stock falls, they may not only fail to recover but also incur even greater losses.
3. Do not be greedy for quick gains.
Accumulating wealth through trading coins is a lengthy process. If, during this process, one is both greedy and seeks to make quick profits, wealth growth is basically unattainable. Both of these mindsets lead to an obsessive pursuit of benefits, and when faced with high returns, one may lose their rationality. However, high returns mean high risks, and blind investments can only lead to failure. Only by pursuing stable wealth growth can one balance risk and profit.
4. Do not be overly concerned with gains and losses.
Personally, I believe that investors who are overly concerned with gains and losses often struggle for a long time before investing, fearing their money will suffer losses. Once they finally decide to invest, this mindset becomes even more pronounced. As soon as they see a decrease in their account balance, they become anxious and irritable. If the decrease is too much, they either withdraw their investment or seek insider information in hopes of recovering quickly, which usually ends in losses. At the same time, if they hear news of platforms collapsing or difficulties in withdrawals, they worry about the safety of their investments, even if their platform is perfectly fine, and they choose not to invest anymore, making it difficult to continue on the investment path.
