Four reasons for losing money, how many have you encountered?
Ignorance: Not understanding the basic rules of market operations, not studying or researching, and trading solely based on hearsay and momentary impulses.
Greed: manifested as excessive trading, chasing unreasonable profits, and not knowing how to be content when making a profit, always wanting to sell at the highest point.
Fear: Hesitating when opportunities arise, not daring to cut losses decisively when losses occur, and panicking and exiting the market during normal corrections.
Hope: This is the most insidious enemy. When your position is already at a loss, and the facts indicate that you have made a mistake, you still "hope" that the market will turn around, replacing rational action with fantasy.
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Four reasons for losing money, how many have you encountered?
Ignorance: Not understanding the basic rules of market operations, not studying or researching, and trading solely based on hearsay and momentary impulses.
Greed: manifested as excessive trading, chasing unreasonable profits, and not knowing how to be content when making a profit, always wanting to sell at the highest point.
Fear: Hesitating when opportunities arise, not daring to cut losses decisively when losses occur, and panicking and exiting the market during normal corrections.
Hope: This is the most insidious enemy. When your position is already at a loss, and the facts indicate that you have made a mistake, you still "hope" that the market will turn around, replacing rational action with fantasy.