Why do you start losing right after entering the market? Instead of blaming the merciless market, look in the mirror—most likely, you've fallen into one of the 6 most common rookie mindset traps.

Let's break them down one by one.

**First Trap: Buying coins based on feelings, no trading rules**

"This coin will go up" "That one looks reliable"—this is gambling mentality. Investment is about having a plan, setting a bottom line in advance. For example, if you try with 1000 yuan, be clear: exit immediately if it drops 5% (max loss 50), take profits at 10% gain (guaranteed 100). Rules in place prevent you from being led by the market.

**Second Trap: Mistaking luck for skill**

After making a few profits early on, you start to inflate—"I was born to trade coins." But in reality, early gains are mostly market bonus, not real skill. This confidence makes you trade more frequently, but the more you trade, the more you lose, giving back all previous gains.

**Third Trap: Being driven by emotions**

Chasing high when others' coins rise, cutting losses when your own coins fall. Greed and fear take turns, spinning you around. True veterans? They ignore gossip, instead selling during frenzy and buying in panic—using contrarian thinking to eat up the "emotional premium."

**Fourth Trap: Changing strategies every three days**

Today chasing hot coins, tomorrow wanting to hold long-term, the day after trying grid trading. Too many trial-and-error attempts only lead to more losses. There’s no universal trick; instead of switching tactics constantly, master a simple method—like dividing your funds into 5 parts, adding to your position every time it drops 10%, and managing your position well is the key.

**Fifth Trap: Only wanting to earn more, forgetting to lose less**

Everyone makes money in a hot market, but the real test is during a bear market. At that time, most people will give back all profits or even incur losses. Smart investors know how to protect their principal during declines: set stop-loss in advance, exit at the right time, don’t hold stubbornly.

**Sixth Trap: Can't control your hands**

Chasing gains and selling in panic, reluctant to stop-loss, getting overconfident after small profits. The market doesn’t punish "ignorant" people, only those who think they know but keep making mistakes. The key to success isn’t how often you trade, but how many mistakes you avoid. Control yourself, and you can survive long in this market.

In short, your biggest opponent in investing is actually yourself. Making fewer mistakes is far more important than making more trades.