Coin Trading Mentalities and Realities

coin trading 2024-02-05 55

摘要:Theinitialtradingmaybegood,butsoontheyfallintothetractionofemotions,andfrequentbuyingandsellingmakethelossesaccumulate...

Trading coins with 100x leverage, but losing all the principal!This is a familiar experience for many coin traders. In the coin circle, most people are always full of hope, thinking that they can be the exception, but the reality is often cruel.I will tell you a few typical coin-to-coin trading mentalities, maybe you will find some resonance.One is those who look at the K-line fluctuations, and fantasize that they can accurately predict the market trend. The initial trading may be good, but soon they fall into the traction of emotions, and frequent buying and selling make the losses accumulate. The strategy of chasing the rise and killing the fall makes the loss bigger, and finally leads to serious loss of principal.Second, those who think that some currencies have risen in price in the past, and now the price is low, are a good opportunity to buy at low prices. The blind average cost method often brings greater losses. Having too optimistic beliefs about the long-term changes in the market may also lead to continuous loss of principal.Another mentality is influenced by overly successful people, thinking that as long as they follow them, they can easily get rich. However, reality often does not match fantasy.There is also a kind of pursuit of quick success, but lost direction in the constant fluctuations of the market. Frequent buying and selling will increase costs, and eventually lead to loss of principal.I think coins should be regarded as assets, not a chance to get rich overnight. Make a long-term plan, follow the calm investment principles. Don't be swayed by market emotions, master risk management, and invest steadily. Accumulate wealth over time and gradually gain income.
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