❌ New to crypto? Never do this! (And here's why)
1. ❌ Don't trade without a plan.
Why?
Random entries are like gambling. You should set your entry price, stop loss, and profit targets before starting the trade. Otherwise, emotions will take over your decisions and ruin your account.
2. ❌ Don't risk money you can't afford to lose.
Why?
Crypto markets are highly volatile. If you invest rent or food money, fear will lead to destructive decisions. Only trade with extra money you can afford to lose.
3. ❌ Don't chase green candles (don't follow FOMO).
Why?
When you see a coin suddenly rising and you chase after it, you often buy the top. Smart traders sell to emotional buyers. Don't be the liquidity they cash out on.
4. ❌ Don't ignore risk management.
Why?
One losing trade can wipe out the profits of ten successful trades. Always use a stop loss and control the percentage of capital you risk on each trade (recommended: 1%-2%).
5. ❌ Don't overtrade.
Why?
Overtrading leads to losses due to boredom, revenge, or emotional decisions. Quality is more important than quantity. Only trade when you see a real strong opportunity.
6. ❌ Don't use high leverage (50x or 100x) as a beginner.
Why?
High leverage magnifies losses just as it magnifies profits. A small move against you means instant liquidation. Leverage is a tool for professionals, not for beginners.
7. ❌ Don't believe everything Twitter or YouTube influencers say.
Why?
Many "influencers" are secretly paid to promote certain coins ("pump and dump"). Always do your own research (DYOR) and don't trust anyone blindly.
8. ❌ Don't trade a coin you don't understand.
Why?
If you don't understand what the project does, its tokenomics, or its risks, you're just gambling with a coin. Understand first, then trade.
9. ❌ Don't hold onto losing trades hoping for a recovery.
Why?
Bad projects often collapse completely. Hope is not a strategy. If your trade idea becomes invalid, exit quickly to protect your capital.
10. ❌ Don't ignore the general mood and major economic news.
Why?
Crypto does not move in isolation from the world. Events like Federal decisions, regulatory approvals, or global changes can lead to massive crashes or surges. Stay informed.
🛡️ Remember: In the crypto world, protecting your capital = your success.
Your mission is not to win every trade.
👉 But to survive long enough to learn, develop, and seize major opportunities.
The smart trader survives. The emotional trader disappears.