Market validation shows that 90% of losses stem from nine major fatal trading pitfalls:

1. Chasing highs and cutting losses: Blindly following trends and often buying at peaks;

2. Misjudging entry points: Unable to discern trends, always entering positions at unfavorable locations;

3. Emotional trading: Being swayed by emotions, leading to frequent trading losses;

4. Stubbornly holding onto positions: Rigidly maintaining positions, ignoring market reversal signals;

5. Refusing to reflect: Blaming the market and avoiding personal trading issues;

6. Lack of technical support: Trading based on intuition, lacking analytical skills;

7. No strategic planning: Trading impulsively, lacking a trading plan;

8. Panic trading: Becoming frantic during volatility, repeatedly missing market opportunities;

9. Wishful thinking: Holding onto illusions, the more one gambles, the worse the losses become.

As a seasoned cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the cryptocurrency world but don't know where to start? Click on my profile to see a brief introduction and witness the moment of miracles together.