It took me 6 years to learn this, while it only takes you 2 minutes

After 6 years of roller coaster in the crypto market, I have learned common mistakes that many advisors have to make. Below are valuable lessons and how you can avoid these mistakes to optimize your investment efficiency.

1. Expectations Too High Many investors have unrealistic profit expectations, leading to disappointment or impulsive actions when the market does not go as expected. Keep your expectations to maintain a long-term vision.
2. No investment target Chasing short-term trends or ‘hot’ projects makes many people forget about long-term financial goals. Defining investment objectives will help you stay on track.
3. Non-Diversification of Portfolio Putting all your capital into one asset class or project is a big risk. Portfolio diversification will help you minimize the negative impact from the volatility of a single asset.
4. Focus Too Much on Short Term The crypto market is constantly volatile, which can make you anxious and change your initial strategy. Always observe further to avoid hasty decisions.
5. Buy High, Sell Low The emotional fluctuations of being nervous when prices fall and excited when they rise often lead advisors to buy high and sell low. Discipline and warfare are the keys to avoiding this.
6. Too many transactions A study by the Financial Journal found overly active traders were more efficient than the market by an average of 6.5% per year. Consider your skills before each trade.
7. High Fee Payment Free trading, asset management can bring benefits to you when transferring money over time. Please select competitive fee platforms and pay attention to cost limits.
8. Focus Too Much on Taxes Taxes are important, but making investment decisions based solely on taxes may not be optimal. Don’t let them dominate your entire strategy.
9. Do Not Review Investment Portfolio Not being able to determine the list of tests may mislead you. Please check your quarterly or annual inventory to ensure it still fits your investment goals.
10. Understanding Risk Misunderstandings The risk of being too high can keep you up at night, but the risk of being too low is not enough to achieve financial goals. Finding the right balance for yourself is important.
11. Unknown Investment Performance Many people don’t know the actual return of their portfolio after deducting fees and handing out. Regularly monitor performance to make sure you’re getting closer to your goal.
12. Excessive Reaction to Media Short negative news can cause fear, but don’t forget that investing is a long-term action. Don’t let spreading your strategy shaky information.
13. Forget to Work Inflation reduces purchasing power over time. Without taking this factor into account, you cannot achieve the actual value of your financial goal. The value of $100 with 4% distribution annually:After 1 year: $96After 20 years: $44
14. Try to “seize the day”, “lock the peak” The perfect time to buy and sell is very difficult to predict. Maintaining continuous investment yields higher profits, so try to exceed expectations in the market.
15. Missing Check Tra Project Not checking the project information skills, development team or financial advisors can lead you to reputable or fraudulent projects. Please use tools such as BrokerCheck to verify information.
16. Working With the Wrong Advisor Choosing the wrong, inappropriate issue can make you lose your direction. Please take the time to check and make sure you try to understand your goal.
17. Emotional Investing The market is often volatile, but letting emotions dominate will lead to irrational decisions. Please keep a cái lạnh.
18. Chạy Theo Lợi Áp Cao Assets with high benefits often come with high risks. Don’t just focus on profits and overlook other risk factors.
19. Missed the Early Start Opportunity Time is the most important factor in investing. If you start early, the profit will increase significantly due to interest. Investor $200/month with 7% interest/year:Start at age 25: $520KStart at age 35: $245K
20. Do not check physical things You can’t expect the market ahead of time, but you can control savings, recurring investments, and reduce costs to achieve better results in the term. Conclusion Investing in cryptocurrencies is a complete and fundamental challenge. Avoiding mistakes here will help you build an effective and sustainable investment portfolio. Always remember that success does not come from luck, but from knowledge, discipline, and illustration.