The cryptocurrency world has four major traps; see how many you've fallen into:
1. Late-stage gambling addiction: Having some coins makes you want to go all in; not buying makes you uncomfortable. You have to open a position before going to bed at night, or you can't sleep. You think you're the Wolf of Wall Street, but in reality, you're just a retail investor.
2. Running away with small profits, playing dead with big losses: You run away faster than a rabbit with a 5% gain, but when you lose 20% or 50%, you act like a turtle and hold on for dear life. Holding a position is like holding onto your capital!
3. Illusion of guaranteed wins: You think you're the chosen one, going all in based on feelings and luck. Money made from luck will eventually be lost back through skill.
4. High-frequency trading: High-frequency trading yields annual returns that underperform the market by 90%. The fees you contribute are enough for the exchange owner to enjoy a day with models at a club every day.
To put it bluntly, the cryptocurrency world doesn't believe in tears and won't show sympathy for gamblers!
Want to turn things around? Remember one thing: Before you have a reliable trading system, either stop immediately or prepare for losses!
Still, the same saying goes: Bulls have their strategies, bears have their playstyles. They won't lead their followers to liquidation, nor will they blindly open positions. It's all about seeking victory steadily and steadily making progress. If you want to eat meat, keep up!
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