What is the reason why the leeks keep losing money when speculating in cryptocurrencies?

According to statistics, more than 90% of the leeks who speculate in cryptocurrencies lose money

I personally feel that it may be more than 90%, maybe more

Based on my own experience of losing money, one of the important points is chasing high

When a coin is at the bottom, it feels that it is rising slowly, but the leeks don’t want to buy it

When it rises by half, it feels high and is afraid to buy in and hang at a high position

However, when it rises to the pressure level, it becomes impatient

Thinking that it will continue to rise, as a result, it falls as soon as it is chased in

As a result, it is trapped in it, watching the loss of money every day, and it can’t bear it in my heart, so I sold it again

As a result, it was sold at the bottom again. I was unwilling in my heart

Seeing its second wave of rise, I chased it again

As a result, it encountered the second retracement again, and was slapped in the face back and forth

Continuously losing money.

Solution to the problem:

Find out your past transaction list

Separate and summarize the losing and profitable buying points

When opening a position to buy in the future, only buy at the point with a high probability of success

Give up the buying point with a low winning rate. #BTC 📷 #ETH