After seven years in the crypto market, I have witnessed too many investors rush into the market with fantasies of getting rich overnight, only to suffer heavy losses amid severe fluctuations. At the same time, I have also experienced the transition from investing all my funds to respecting the market. This experience has made me profoundly aware that to establish oneself in the crypto market, one must first abandon the following eight 'fatal obsessions.' Each one encapsulates blood and tears lessons, worthy of deep reflection by every investor.



1. Overly Diversified Portfolio: Don’t try to 'bet' on potential high-yield coins by purchasing a large number of small tokens. For investors with limited funds, it is wiser to focus on 3-5 high-quality projects.

2. Over-concentration in a single track: The crypto market is changing rapidly, and a single track strategy carries significant risks. It is recommended to select leading projects from 3-5 high-quality tracks to diversify risks.

3. Countering the market: Market trends do not change according to personal will. It is important to learn to acknowledge mistakes and make timely adjustments, rather than being stubborn in one's opinions.

4. Eager to go all in: Keeping a partial position to wait for opportunities is more beneficial for grasping the market than blindly going all in.

5. Decision-making hesitation: market opportunities are fleeting. A strategy of small position trial and error can be adopted, adjusting in a timely manner based on the situation.

6. Ignoring stop-loss: In a crypto market with significant fluctuations, setting a reasonable stop-loss is key to protecting funds.

7. Misjudging the market bottom: Don't be easily frightened by short-term declines. Pay attention to the flow of funds; quality projects often have stronger rebounds after significant corrections.

8. Ignoring one's own mistakes: Regular reflection and summarization are key to progress. Recognizing one's shortcomings is essential for continuous growth in the investment journey.

These suggestions may seem simple, but it's not easy to truly implement them. It is advised that investors check against these common traps before each trade. By doing so, your chances of investment success will greatly increase.

Most investors find themselves in trouble not due to a lack of effort, but because of a lack of proper guidance. Market opportunities are fleeting, and following the right guidance is essential to finding direction in the complex crypto world.
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FlashLoanLarryvip
· 12h ago
meh... rookie mistakes. seen way too many rekt by ignoring basic capital utilization principles tbh
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BearMarketGardenervip
· 10-29 20:48
I’ve lost so much money that I can’t even afford to grow vegetables.
View OriginalReply0
OffchainWinnervip
· 10-29 20:48
Loss is the best teacher.
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Frontrunnervip
· 10-29 20:26
The bottom is already in my Position.
View OriginalReply0
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