Don't be stubborn when speculating in cryptocurrencies. 99% of people have made these mistakes. Get rid of these bad habits and you will make a profit without losing money!
Obsession is a taboo in speculating in cryptocurrencies. In a sense, it is a kind of morbid firmness and belief. Blind optimism will affect emotions and interfere with judgment.
1. When you encounter a good coin, but there is no buying point, you want to buy it, for fear that it will fly directly, or even chase high to enter the market. At this time, your eyes are only focused on it. This is obsession.
2. When you do price investment, you only look at the price. When the price goes up, it's good and in line with expectations, but the price of the coin falls. At this time, you will selectively ignore the fact that the price of the coin is at the end of the structure of the exhaustion of the momentum of the big cycle and the valuation has been realized, and desperately look for various fundamental benefits to support your own views. This is obsession.
3. If you are trapped in a transaction, you will suddenly become a very determined bull. You can't tolerate anyone singing short on it. You are controlled by emotions and have lost the ability to make rational judgments. You are only willing to listen to the analysis of singing long. This is obsession.
4. You obviously made a wrong judgment. You can stop loss and leave the market in the short term, but you always stare at your account because you only allow yourself to leave with profit, not to close the market with loss. As a result, you lose more and more, and short-term becomes long-term. This is obsession.
5. If a coin has hurt you before, you will hate it for the rest of your life. No matter how good the opportunity is, you are unwilling to buy it again. This is obsession.
6. When you sell a coin in the short term, and according to your judgment, this coin still has a lot of room for growth, even if you chase it back now, it will only increase the cost by two points, but you are unwilling to chase it. This is obsession.
7. Want to buy coins every day, even if there is no buying point, you have to buy, buy it casually, and use up the last penny in your account. This is obsession.
8. No patience, can't hold the coin, short-term does not move, can't stand it, this is obsession.
9. When you have been doing a certain pattern for a long time and have lost money for a long time, but you are still unwilling to change your mind, this is obsession.
10. When you lose money continuously, you will get angry. If you don't believe that you can't win once, then you continue to increase your bet chips. This is obsession.