Bull run，Three Ways to Die.
In each cycle, the number of people losing money in the bull market is much higher than in the bear market.
Affected by market sentiment, most people are restless in their hearts, feeling like they have to take risks or they will miss out. They always feel like they can't be slower than others, otherwise they won't make money. So there will be a flurry of chaotic operations...
1. Frequent repositioning
Portfolio reshuffling is one of the reasons for losing money in a bull market. When you see a coin rising, you switch your portfolio to it. However, just after switching, there comes a big dump of 30%. A day later, the original coin you held experiences a big pump of 300%, and then you switch back...only to see it fall by 200% again.
The bull has passed in the end, not only the coins are gone, but also the principal is lost. There is a saying that goes, if the coins don't rise, it's because you haven't sold, if the coins don't fall, it's because you haven't bought.
The time for each coin to rise and fall in the bull run is different. Just hold on and wait for your coin to rise. Want to know the price increase of all coins? It's like a dream.
2. Likes to do short-term
Most people's mentality: sell at high prices and buy back at low prices.
The question is: what if it doesn't fall back?
Is it worth missing out on 3 times, 5 times, or even more profits for the sake of 30% profit?
It is difficult to understand why some people think they can buy low and sell high.
What is the truth? The majority of people who think of buying low and selling high ultimately sell, see the currency rise, and then buy back at a higher price... If only they knew, why bother in the first place?
3. Arbitrarily opening and closing contract leverage
Even if you are not optimistic about a project, I do not recommend you to short. Why? Because the power behind the crypto world is constantly changing.
A fundamentally garbage project that may survive until now due to some kind of support, and may even pump several times.
Similarly, a project with good data on various aspects may experience a big dump of 99%. Look at the number of long wick candles that have appeared on the exchange in recent days.
Hands off or you'll be dead!
This article is repetitive, so stop at the point.