Six Common Misconceptions in a Bull Market:
Always trying to guess the top to short, missing opportunities: Continuously attempting to identify the market's peak and shorting it leads to missing out on most of the upward movement in a bull market.
Excessive anxiety and comparing returns with others: Constantly comparing one's returns with others causes anxiety, which can affect decision-making and mindset, preventing enjoyment of the positive gains brought by the bull market.
Frequent changes in positions, unable to hold onto assets: Failing to hold quality assets and frequently adjusting positions leads to increased transaction costs and missed long-term appreciation opportunities.
Blindly leveraging after missing out, doubling risks: After missing the market's rise, recklessly increasing leverage in an attempt to catch up often results in being forcibly liquidated during a short-term market correction, leading to severe losses.
Incorrectly believing that missing BTC means missing all quality coins: Thinking that missing Bitcoin's rise equates to missing all good investment opportunities, while ignoring other projects with significant potential.
Trying to participate in all hot sectors, neglecting the power of focus: Attempting to engage in all popular sectors ultimately results in a loss of focus and missing opportunities that can truly bring returns.
You can only focus on one or two sectors to achieve better returns.
