When there are continuous losses in the cryptocurrency trading market and the hope of making a profit is fading, what should you do at this time? YUEYING has also summarized some experiences for everyone through communication with some successful traders. Without too much words, the most basic thing for a guiding teacher is to help clients make money, and for an investor, investing is to make money, and making money is the key! After all, entering this market is to make money, so what should you pay attention to when there are losses?

1. Adjusting mentality

The trading mentality is the most important weapon for every friend in the cryptocurrency trading market to win, and it is more precious than the profit of a single trade. Because after a series of losses, the impact on the mentality of making trades is relatively large. When this problem occurs, the first thing to do is to adjust the mentality. Otherwise, hastily entering the market again or hesitating to enter the market will result in losses. Because friends who enter the market in a hurry have a much higher probability of making mistakes than usual, and hesitating to enter the market will miss many good opportunities. Missing the opportunity to make money when it arises is equivalent to a loss.

2. Avoid frequent trading

If you are experiencing continuous losses from concentrated trading in a short period of time, why not stop and take a break? This way, you can closely follow the market and better monitor the quality of your trades. YUEYING also recommends that everyone keep a detailed trading diary. If you can keep a good trading diary, you can trace back to find the clues of failure and success and make timely adjustments. If you still experience continuous losses even after reducing the number of trades, it is best to take a break and organize your thoughts. You may create a "virtual" market in your mind to verify your judgment of the market and regain your confidence. If you still cannot grasp the direction in the virtual market, YUEYING suggests that you seek other investment methods.

If you have suffered heavy losses in the cryptocurrency market, YUEYING suggests that you should not go all in, thinking that this will help you recover your previous losses or turn the tide. In fact, such reckless behavior often leads to the opposite result! YUEYING also hopes you can remember that less investment means less risk. When the time comes, and your funds allow you to expand your investment, it's not too late to add more. In a risky and complex market, you need to learn to be prudent and compromise, which is the experience of every successful person.

3. Patience and moderation

YUEYING emphasizes this point repeatedly. Do you follow your investment plan every time you trade? If not, please follow the trading plan. Because after each trade, have you not formulated an exit strategy? If so, your trading plan is not comprehensive enough. Are you impatient? Many successful medium to long-term investors have been in contact with them, and they only trade a few times a year. They always wait quietly for the appearance of the opportunity they expect. If you are a medium to long-term investor, you don't have to trade in every market. As long as your judgment of the overall trend is accurate and your current positions align with your judgment, then you can wait for the big fish. Don't let the market lead you by the nose.

4. Confidence

Have confidence in your investment philosophy. If you lack confidence in your investment philosophy, ask yourself why? If your investment method really doesn't work, then try a different one. Read books written by successful people and see how they succeeded. But be careful of those so-called investment secrets, miraculous strategies, and winning methods that are just deceiving.

5. Diligence

If you don't study the market diligently, don't expect to make money in the cryptocurrency market. How much do you know about the fundamentals of the assets you are trading? Even if your technical analysis is excellent, you should still have a good understanding of the fundamentals. For example, before the announcement of some policies, even if the price and technical chart are perfect at that time, smart investors generally do not act recklessly before the policy is announced.

When we trade, the first thing we think about is making money, not looking for a teacher after losing money on a trade. I never say anything fancy to boast about myself, or even worse, make hindsight comments, because YUEYING is a simple person who is willing to simplify things and extract the essence of things. YUEYING does not want to busy herself by the river to numb herself. The purpose of entering this market is to make money, not to show off and make false gods to satisfy one's vanity. Therefore, everything YUEYING analyzes and does is for making money.

The three regrets of cryptocurrency trading: not making choices; not sticking to choices; constantly making choices. The three traps: carelessness, gullibility, greed. The three sorrows: not learning from a good teacher, not making friends with good people, not seizing a good opportunity. The three "don'ts": don't compete with a gentleman for reputation, don't compete with a villain for profit, don't compete with the world for cleverness. The three practices: see through and think open-mindedly, pick up and let go, stand upright and walk steadily. Successful investment = strict mentality control + correct capital management + solid technical skills.

- I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about operations or trends, you can communicate and learn with me! Let's exchange ideas and make profits together! Official account: I am Zhou Yueying, V-blog: Financial Expert Zhou Yueying

The market changes drastically every day, and all I can do is to use my many years of practical experience to provide some weak assistance to help everyone's investment decisions and management go in the right direction. Meeting is fate, and I am a person who believes in fate. If you have any doubts or questions in the cryptocurrency market, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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