Have you ever experienced the three major "self-sabotaging" operations in a bull market?
A bull market is supposed to be a golden period for value appreciation, yet many lose money during such times due to the difficulty of resisting emotional triggers.
First, frequent portfolio switching leads to a cycle of chasing highs and cutting losses. Cryptocurrency prices are highly volatile and do not rise and fall synchronously; seeing prices soar prompts a switch that often results in immediate drops, with the original asset rebounding. This constant back-and-forth can negate the gains of the original asset, and the trading costs and price spreads can erode the principal. Do not attempt to catch every asset's price increase; simply holding onto assets until they rise is sufficient.
Second, short-term speculation results in losing big for small gains. Fantasizing about selling high and buying low, one might miss out on multiple or even tens of times the increase due to a 30% profit, and those who believe they can accurately grasp buy and sell points often find themselves buying back at high prices after selling, wasting opportunities for wealth appreciation.
Third, leveraged contracts are like gambling on the edge of a knife. Do not engage in short contracts with leverage due to a bearish outlook on a project; the cryptocurrency market is unpredictable, and seemingly worthless projects can be boosted by mysterious forces, while promising projects can plummet. The “Heaven and Earth Needle” market is a lesson in this regard.
A bull market is a test of human nature and investment wisdom; avoiding pitfalls is essential for stable appreciation.