Survival rules
1. When you find a potential stock, even if it is not the best time to buy, you can't resist the urge to buy it, for fear of missing the opportunity to take off.
2. On the road of value investing, you keep a close eye on every fluctuation on the chart. When the price rises as you wish, you are delighted. However, when the market falls back, you ignore the fact that the general trend is over and look for every reason to stick to your beliefs.
3. After being trapped by the market, you become extremely stubborn. Any bearish voice sounds harsh to you. Your heart is occupied by greed and fear.
4. You are clearly aware that you have made a mistake, but you are unwilling to face the reality of the loss. You stare at your account, fantasizing about a miracle happening, and eventually the small loss turns into a big loss.
5. Even if the currency that once hurt you presents a great investment opportunity again, you will never touch it again, as if it is an untouchable taboo.
6. Even if you predict that a coin has huge room for growth, after a short period of selling, you are unwilling to buy it back at a higher cost for fear of being hurt again.
7. Regardless of whether there is a clear buy signal or not, you are eager to buy every day, even if it is just a random coin, you must invest your last bit of funds in the market.
8. Lack of patience, unable to hold for the long term, rushing to take action at the slightest fluctuation, unable to enjoy the pleasure of long-term holding.
9. Using the same strategy for a long time, and refusing to change even if there are repeated losses, believing that the next time will be different.
10. Continuous losses make you anxious. You don’t believe that you will keep losing, so you increase the stakes and try to turn the tables.
11. You made a good profit from a short-term trade, but for the sake of that extra 2%, you choose to hold on until the profits shrink.
12. Being trapped in a small position, due to lack of understanding of the market and unwillingness to stop loss, but continuously increasing the position, eventually leading to deep capital being trapped.
13. An occasional success makes you firmly believe in the effectiveness of a certain method. Even though subsequent results prove the limitations of this method, you are still unwilling to give up.
14. Every time a transaction does not go as expected, you will fall into deep self-blame and regret and find it difficult to extricate yourself.
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