Ten minefields on the road of cryptocurrency trading, how many have you stepped on?
Buy at the bottom when the market plummets? Don’t rush to jump into the pit, observe the trend first and then take action. Don’t blindly follow the trend, wait for the wind to come. Be greedy when making money? Greed is not enough, and it is the truth to stop when you see good. Don’t be greedy, be careful to lose everything. Give up when you lose? Failure is the mother of success, adjust your strategy in time and start again. Don’t give up easily, opportunities are left to those who are prepared. Make quick money in the short term? Short-term trading is like walking on a tightrope, and long-term investment is stable. Don’t always think about fast in and out, and it is more reliable to hold good coins patiently. Chase ups and downs? The market is like waves, blindly chasing ups and downs is easy to capsize. Rational analysis, don’t blindly follow the trend. Emotional trading? Cryptocurrency trading is not a sullen game, don’t let emotions control your wallet. Stay calm and make rational decisions. Dream of getting rich overnight? Cryptocurrency trading is not a lottery, it requires patience and strategy. Don’t always think about pie in the sky, being down-to-earth is the truth. Go all in? Don’t put all your eggs in one basket. It is safer to allocate funds reasonably. Don’t be angry. Investing with confidence is wiser. Blindly cover your position? Want to cover your position after losing money? Find the reason first and then do it. Don’t cover your position blindly. Find the problem and then solve it. Superstitious about universal formulas? The market is unpredictable and there is no absolute method. Don’t be superstitious about a certain trick. Flexibility is the key.
It is not easy to trade in coins. You need to think rationally. Learn from the lessons of those who have stepped on the pits, and be vigilant if you have not stepped on them. I wish everyone can make steady progress in the coin circle and make continuous profits!