I lost $1M in 2021.
Right now, I see people making the same mistakes.
Here are Those 7 mistakes you must avoidđ
1. Fewer coins, better focus
⏠Holding too many altcoins = disaster.
⏠Hard to track updates
⏠Hard to manage exits
⏠Hard to reassess your thesis
Stick to 5-10 solid positions max. Trade others, but donât marry them.
2. Take profits, donât hesitate
⏠When the market pumps, secure profits instead of taking screenshots.
If you get a chance to de-risk fast, take it.
3. Leverage is a trap
⏠Institutions push it to liquidate retail traders.
⏠You might win once, but the next loss wipes you out.
Itâs a Profitable model for exchanges not for you.
4. Manage position sizes based on risk.
I never put more than 5% of my portfolio into one coin unless I have extreme conviction.
⏠Higher risk coin = smaller size
⏠Lower risk coin = larger size
5. Set exit rules and follow them
⏠Price drops? Donât pray, react.
⏠Example: âIf SOL closes below $X for 2 days, I cut 50%.â
You can always buy back on confirmation
6. FOMO = Financial
⏠Buying coins after they pump because of influencers?
⏠Biggest mistake. Learn to research, not chase.
7. Stop panic selling
⏠As I can see these days, a lot of people are selling off their bags at massive losses.
⏠Markets dip and recover.
If you sell every red candle, youâll regret it
#lost #AICrashOrComeback #BinaceSquare #Write2Earn #Top1 $BNB