In the last few days, I've been studying offline all day. To be honest, studying is quite hard, but this hardship is something that must be endured. If you don't endure the hardships of learning, you'll definitely suffer in the market.
Recently, the market sentiment shows that many people are bearish and have exited the market, choosing to wait and see. Are you the same?
My view remains firm that the bull market will continue. Bitcoin has also provided answers and signals from the charts.
In the cryptocurrency market, we all strive for long-term, stable, and continuous profits. If you haven't achieved this over a long period, there must be a problem somewhere. These specific problems will differ for each person.
What are the reasons for losing money? I will list a few, and the rest we can supplement based on individual circumstances in the comments.
1. Unable to understand the charts, lacking trading skills;
2. Poor mindset, easily feeling gains and losses during trading, anxiety, and restlessness;
3. Borrowing to invest;
4. Enjoying high-risk bets, lacking trading strategies;
5. Lacking understanding of fundamentals, only partially understanding the investment target, or not understanding it at all;
6. Using leverage, trading contracts, frequent trading;
The above list is only one aspect, summarizing and reflecting on the reasons for failure. Even if the same problem occurs for everyone, the solutions will be different. The ultimate solution must be suitable for oneself.
Once the concepts and behaviors in the financial market are wrong, the resulting outcome will definitely be negative, and the process will be painful and tormenting.
We must truly identify our problems, promptly and specifically solve them, and firmly execute this process, continuously repeating this action. Only then can we grow through our experiences. Only in this way can we ultimately survive and thrive in this field.