Many traders in the financial markets, especially the digital currency market, are always looking for profit and do not look at loss or risk. Profit is the biggest goal for them, and they often calculate their accounts.
On the other hand, they always steer clear of any tips to avoid losing, but a program that has caught our attention to Anderson Cooper, which was previously broadcast on CNN, the program has offered some ridiculous tips that are circulating among investors in financial markets , And eventually lead to the loss of more money.
This has attracted our attention to do more research on the most hesitant advice in the world of digital currencies, which has already led to the loss of many investors in the digital currency market in 2018.
If you are looking for how to avoid losing your money in stock markets, avoid the following tips:
Note: This advice may work when the general trend of the market is bullish, buying at the correction, but the process of determining the direction of the market in the original is very difficult and will fail in a bearish direction or when the market direction is cloudy.
My coins will go up one day
If your currencies continue to decline and you hope to rise one day you will surely lose your money, so try to set your break points and sell to take advantage of any new market opportunity. It may be the mistakes of your choice in the first place, and you have to be the eavesdropper of your investment plan.
Buy at the lowest prices
You can buy when correcting the market if it is in a bullish direction, but if you buy during a downturn and the general trend is bearish you will lose more of your money.
Become rich quickly and in a short time
If you think you will become wealthy soon after reading a book or an inspirational story for someone about creating wealth from the digital currency market, you know you will lose a lot, and these books often appear after the market reaches its highest level. This is what happened when he reached the highest peak of $ 20,000 at the end of 2017.
The market is always on the rise
If you think that any market of money markets is always on the rise, know that you will lose a lot of your money. The decline is natural and inevitable. If there are always high markets somewhere, there are also low markets.
Small investors are the cause of decline
We often hear that individual investors or small investors are the cause of the decline. This is contrary to the fact that big investors (whales) often pull out in the market declines before the small investors who follow the herd policy.
This article was the first in a series of how to lose money quickly in the digital world. These articles aim to raise awareness for new investors in the digital currency market, and to clarify some misconceptions that will eventually lead you to lose many of your finances. Wait for us in the second part of the series.
Share your views in the comments section below, and tell us if you have advised one of these tips or not?
