1. Lack of patience
Can't stay in cash, can't stand seeing others make money, eager to catch the bottom, always wanting to get rich overnight
Deep reason: Insufficient understanding of market rules, desire for quick profits
Countermeasures: Develop an investment plan, train investment mindset, learn the concept of value investing
2. Lack of discipline
Not taking profits: Not selling on pullbacks, not selling at the top
Not cutting losses: Holding on to the end, wishful thinking, haphazardly averaging down in a weak market
Too greedy
Deep reason: Greed, lack of rationality and established investment discipline
Countermeasures: Establish profit-taking and loss-cutting mechanisms, strengthen investment knowledge, conduct regular reviews
3. Fear
No personal investment logic: Only following news, making hasty decisions in emergencies
Operational errors: Not changing with reversals, not holding in a bull market, not resisting at the bottom, frequently switching coins
Diversified investments: Holding multiple coins in one portfolio, fewer types of coins with more principal
Deep reason: Overly worried about market uncertainty, lack of confidence
Countermeasures: Study fundamentals, learn technical analysis, engage in psychological building
4. Chasing highs and selling lows
Deep reason: Influenced by herd mentality, lack of independent thinking
Countermeasures: Learn investment concepts, control trading frequency, establish a reflection mechanism
Follow my learning, and you can achieve financial freedom
