Introduction: The Nine Major Causes of Retail Investors' Losses

Before learning any technical analysis, first understand why you are losing money. These nine major causes almost cover all the reasons retail investors lose money:

1. Not distinguishing between bull and bear markets: Bottom-fishing in a bear market, selling at the top in a bull market, always doing the opposite of the big cycle;

2. Going all-in: Investing all your assets in the stock market with no risk buffer;

3. Averaging down on losses: Buying more as prices fall, eventually being fully invested and deeply trapped, losing the ability to rescue yourself;

4. Narrow perspective: Not taking profits and insisting on earning the last penny, causing all profits to be given back;

5. Obsessing over intraday charts: Trading based on 1-minute K-line charts, repeatedly being harvested by quantitative strategies;

6. Chasing gains and cutting losses: Buying when prices rise, selling when prices fall, trading frequently, and losing more capital;

7. Trading based on rumors: Believing in insider tips and expert recommendations without forming your own judgment;

8. Lack of discipline: Following a pre-set plan after hours, but being swayed by emotions during trading, leading to reversal of decisions;

9. Overconfidence: Knowing you've broken support levels but still hoping for a rebound, resulting in deeper entrapment.

If you have fallen into three or more of these, then this note #比特币ETF单日净流出7272枚 $BTC ‌ ‌ is written for you.