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Recently, the market for imitation coins has been booming, and Little God of Wealth has also joined in. During the May Day holiday, he summarized his recent gains and losses, and found that it was “a series of aggressive moves like a tiger, but a record of 0-5.” It’s likely that many new investors are the same, obsessed with studying candlestick patterns and chasing hot coins, thinking that mastering these will allow them to dominate the market. But reality hit them hard: after frequent trading, their account principal kept shrinking, profits were few and far between, and some even lost everything. Along the way, Little God of Wealth realized that the ultimate secret to trading crypto has never been outside of technique, but this—controlling oneself.
1. Frequent trading: the invisible black hole devouring principal
Crypto circle
The 24-hour nonstop trading mechanism means the market is constantly staging ups and downs. Every price jump feels like an invitation to traders saying “Come make money.” Many people lose their rationality in this atmosphere; with money in their accounts, they can’t help but buy. After buying, if the price doesn’t rise in a few days, they want to switch. Trading dozens of