#加密市场回调 Beware of traps in virtual currency trading

1. Seeking a sword by carving a boat. Many traders, including myself, like to seek a sword by carving a boat, which means habitually comparing the current price with the peak price, always thinking it will go back up, while ignoring the fundamentals. The result is that the more you buy, the more it falls, leading to huge losses in the end.

2. Looking for 'high cost-performance coins.' The so-called high cost-performance means that the project party's strength is very strong, the endorsing party is powerful, and the investors are also strong. You can see people calling for purchases everywhere, and the current market price is also appropriate, so decisively buying heavily. The result is predictable: buy the news, sell the facts, but little do you know that the benefits you see are all that the project party is willing to show you. In the end, the result is huge losses and withdrawal.

3. Indecisive and unwilling to admit defeat. This is what traders fear the most. There is a saying that goes well: the market is always right. When faced with losses, most people choose to hold onto their positions, resulting in even greater losses.

4. Judging the bottom based on feelings, blindly going all in to catch the bottom. You have to know that no one can catch the lowest point. The result of blindly catching the bottom is that 90% of the time, you are catching it halfway up the mountain. So you must not go all in to catch the bottom; otherwise, you will have to endure tremendous pressure.

5. Contract players, playing contracts is no different from gambling. Many people see others making big profits from contracts and think they can too, but little do they know that entering will only lead to faster losses. Before contracts, you would only lose money when the price fell; after contracts, you find that you can lose money whether the price rises or falls. Therefore, ordinary traders must stay away from contracts.

6. Emotional overload, breaking the pot and smashing it. Many traders experience a surge in emotions after losing in trading, and anger is a common human reaction. Under such emotions, people will have the idea of breaking the pot and smashing it. The result is naturally worse. After losing, the correct approach is to pause trading, go out for a walk to relax, and wait until emotions stabilize before entering the market.