If you keep losing money when trading cryptocurrencies, you should consider the following adjustment strategies:
The basic principle of trading cryptocurrencies is to buy low and sell high, so that you can make a profit. If you keep losing money, it is probably because you buy high and sell low. More specifically, it may be because you are too impatient (FOMO) when the market is rising, thinking that the price will continue to rise and buying high, and then panic selling when the price falls. As long as you can avoid one of these two mistakes, you may be able to reduce your losses.
Therefore, it is critical to treat the symptoms. When the market is rising, be careful not to be greedy and don't blindly chase high. Even if you don't buy, you won't lose money. Just think of it as making less money, and there are still many market opportunities.
In addition, when the market is falling, you can adopt a strategy of buying the bottom in batches. In this way, when the market picks up, your position may be profitable.