The negative mindset in the process of investing in digital currencies, trading skills, and how to earn more money in trading!

(1) Greed Many investors predict that the price has already dropped to a 'low' or even 'too low' before it has actually declined significantly. They bravely buy in, continue to buy as the price drops, and increase their positions, even invoking their somewhat vague understanding of 'divergence theory' in an attempt to persuade or numb themselves and their friends who hope to agree with their viewpoint. The result is, of course, being stuck in a quagmire and ultimately facing irreversible disaster. Investors can also make the same mistake in a rapidly rising market.

(2) Herd mentality Some investors in digital currencies lack independent thinking skills and may spend thousands of dollars to attend a lecture hosted by a so-called 'celebrity speaker.' However, they are unwilling to calmly sit down and think about their own investment philosophy or logical methods. They blindly follow their friends' advice when they say it’s a bull market and invest without thought.

(3) Overgeneralization 'Stubborn as a dead duck' is enough to describe this type of investor. They cling to one or two phenomena and, adding their self-perceived reasonable conclusions, they 'stubbornly hold on to their views' without remorse.

(4) Short-sightedness A few successful investors focus on long-term trends first and then look back to see how to operate in the short term. But most unsuccessful investors do the opposite, believing that academic approaches are too slow to be effective and only wanting to 'quickly' profit and 'cash out' as soon as possible. Many newcomers to the investment market have heard such advice, regardless of whether they are doing long or short trades: first observe monthly trends, then weekly, followed by daily, and then 8-hour, 4-hour, and 2-hour charts. However, many investors often let it go in one ear and out the other.