When it comes to investment, the worst thing is impatience, and the worst thing is impulsiveness. When analysis becomes a task and investment becomes a burden, you have already deviated from the route. Facing the jump of the K-line every day is like going to the battlefield. The elegance you were originally elegant now becomes extraordinary. Don't walk backwards, otherwise all you will see are tears and sadness, sometimes from the butcher, sometimes from the sheep. Antelopes and lions run, one to survive, the other to hunt. If the antelope makes a mistake, it will lose its life, and the lion will at most lose a good meal. Today, Chen Yao lists the five most deadly operations for losses in the currency circle. Any one of them is enough to make anyone say goodbye to the investment market. At the same time, facing high-risk investments, what should we do? Please read this article patiently and carefully!
Mistake 1: Pursuing huge profits and buying high and selling low
The basic principle of investment is to miss out rather than make mistakes. New investors often cannot hold back their emotions. Once they see the price start to rise, they will immediately go long. The price of the currency rises very fast. Investors are likely to chase in the few seconds of pause, just chasing the highest price; on the contrary, it is easy to chase the lowest price when shorting. If you want to buy in with the trend, you should generally wait for it to pull back when the market has just started and is very strong. Generally, it will pull back. After the pullback, chase in again. In this way, the price you chase in is relatively not high, and the probability of making money and the profit space are relatively much larger; the idea of shorting is the same. There is no free lunch in the world. Pursuing yield at the cost of security is often not worth the loss in the end. Successful trading, like successful life, is determined by how well we control losses, not by how well we avoid losses. If you really want to be a savvy trader, learn how to lose professionally by making losses smaller. This is the key.
Mistake 2: Overconfidence and failure to seize stop-loss opportunities
In trading, many people will ignore the importance of stop loss, and get carried away when they get a little profit, thinking they are "gods". However, in fact, if you don't stop loss in time after getting it, when the market suddenly reverses, you will definitely be in a "doomed" situation.
Mistake 3: Fear of Loss
Once you find a trend of loss, you will be restless and uneasy. It is best to take a break and stop operating temporarily, and wait patiently for opportunities. Once you make a wrong direction and lose money due to stop loss, it will affect your mood and you will want to make it back immediately. The decisions made at this time are all impulsive decisions, and investment operation ideas are often influenced by emotions. The price you enter at this time is generally not very good.
Mistake 4: Relying on luck and relying on the market
Before placing an order, they do not have an accurate positioning of their envisioned profit margins, and are caught off guard when encountering emergencies. When faced with mistakes, they cannot stop losses in time, but rely on external factors such as the market to save themselves. The most critical reason is that they have a fluke mentality. Investment is risky. Don't rely on fluke when trading. Investing with a fluke mentality may make you lucky once or twice and taste a little sweetness, but the biggest possibility is that you will give up everything. When investors "linger" in the market with hope and fluke mentality, the end of bankruptcy is not far away.
Mistake 5: Lack of professional industry knowledge
Following the crowd mentality, seeing friends around them making money by speculating in cryptocurrencies, they think that the market has a great opportunity to make profits. Without sufficient learning and understanding, they blindly enter the market, ignoring the risks involved, and even not understanding the trading rules and how to use the software. They lose before they even start. If you want to do your job well, you must first sharpen your tools. If you don’t understand the resources in your hands, it’s hard not to lose money.
I have come into contact with many investors, and they all said that they blamed themselves for meeting the wrong person. You should indeed blame yourself, but don't blame yourself for bad luck. It is because you failed to master the basic market analysis that caused the mountain to fall and the tree to be crooked. If you understand the basic market analysis, you will naturally have a clear account of the rise and fall of the market, and the teacher can no longer find news to fool you. Why is the market so mixed? Because we attribute the losses to the teachers, and we never recognize our own shortcomings. The result is nothing more than jumping from one place to another to continue losing money. There is no single accurate teacher in this market. Shouting slogans will not change your mind. Without your hard-earned money, solid analysis and a sound trading plan are boring but they are the foundation of your profit. Good medicine tastes bitter but is good for the disease, and honest advice is unpleasant to the ear but is good for the behavior. I don't need to say much about how dangerous the market is. You who have experienced the liquidation and deep trap know best. Under such a big risk, you can make millions of profits with just your mouth. I don't want to comment on how true this is. Whether you can make money is not just a matter of words. What I value is whether the clients who follow me can have a good mood every day, not worry about being trapped, not worry about losses, have a steady income every week, and can successfully withdraw a considerable amount of wealth every month. Only those who are interested can experience the ease of the steady investment method that Chen Yao insists on.
With fate, everything will come naturally. I don't like to force others, nor do I like to force myself. That's all. Meeting is fate, missing is destiny! The most beautiful scenery is not in the distance, but in the heart. There is a kind of encounter in the world, not on the road, but in the heart. #BTC #ETH