I lost $1M in 2021.
Right now, I see people making the same mistakes.
Here are Those 7 mistakes you must avoidš
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 donāt marry them.
2. Take profits, donāt 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.
Itās 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? Donāt pray, react.
⬠Example: āIf SOL closes below $X for 2 days, I cut 50%.ā
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, youāll regret it
#lost #AICrashOrComeback #BinaceSquare #Write2Earn #Top1 $BNB